The Financial Harmony™ Podcast

In this episode, Dr. Cherry offers thoughtful guidance on navigating the recent rise in Bitcoin’s price. While market excitement is understandable, he reminds us that disciplined investing is not about reacting to headlines—it’s about following a well-crafted financial plan.

Takeaways:
• Don’t chase hype
• Know your crypto types
• Core first, crypto later
• Plan before you invest
• Taxes still apply

00:00 Intro
00:52 Bitcoin's New High and Market Reactions
01:41 Understanding Crypto Categories
02:32 Investment Strategies for Crypto
03:58 Balancing Crypto in Your Portfolio

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Explore award-winning wealth advisory services: 
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry: 
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. 

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com

In this episode, Dr. Preston Cherry explains how to take advantage of the new rules that could save you 20% on qualified income every year and unlock up to $10 million in tax-free gains when you sell or exit your business. From avoiding costly timing mistakes to structuring smart early, Dr. Cherry breaks down what it really means to build a tax-smart runway.

Takeaways:
• 20% income deduction
• $10M+ capital gains = 0% tax
• QBI = annual savings
• QSBS = tax-free exit
• Timing = everything

00:00 Intro
01:00 Tax Strategies Simplified
04:51 Optimizing QBI and QSBS Strategies
06:23 Empower Your Growth Journey

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. 

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com

Are Premium Credit Cards Still Worth It?

In this episode, Dr. Preston Cherry breaks down the truth behind those flashy, high-fee credit cards like the Amex Platinum and Chase Sapphire Reserve. Are the perks really that valuable—or are you just paying for status? From overcrowded lounges to scattered benefits, Dr. Cherry reveals what you really need to know before swiping that premium card.

He urges listeners to take a closer look at how they’re using their cards, whether the rewards actually match their lifestyle, and how to avoid the trap of chasing points instead of building a smart spending plan.

Takeaways:
• Perks often overhyped
• Lounges = crowded chaos
• Spending must be intentional
• Points ≠ a good plan
• Audit your usage

00:00 Intro
00:53 Understanding Premium Card Perks
02:41 The Reality of Lounge Access
03:59 Intentional Spending Strategies
06:43 Personal Audit for Credit Card Use

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. 

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com

Dr. Preston Cherry explains why many Gen Xers are caught off guard when they find out—yes, your Social Security can be taxed. Up to 85% of your benefits could be taxable if your income crosses certain thresholds—thresholds that haven’t kept up with inflation. If you've saved diligently or have extra income from side gigs or investments, you could be looking at a smaller Social Security check than expected. The surprise? It’s all perfectly legal—and avoidable with the right planning.

Takeaways:
• Taxed Social Security
• IRMAA surprise fees
• RMDs raise taxes
• Two-year income lag
• Plan withdrawals smart

00:00 Intro
01:00 Social Security Isn’t Tax-Free
02:26 IRMAA and RMDs
04:43 What to Do Instead
05:56 Final Thoughts

Want to learn more? Connect with us below!

Stay informed and inspired! Join our FREE wealth & well-being newsletter

Do you want confidence & clarity? Check out our award-winning wealth advice services

Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. 

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com

Should You Claim Social Security at 62?

Dr. Preston Cherry challenges the idea that you have to wait until 70 to claim Social Security. For Gen Xers juggling aging parents and kids, claiming at 62 could offer more than just a check—it could bring peace of mind, flexibility, and better use of your money now. The key? Making the choice that fits your life, not someone else's rule of thumb.

Takeaways:
• More Flexibility Now
• Less Portfolio Stress
• Smart Tax Moves
• Fits Gen X Life
• Your Goals Matter

00:00 Intro
00:59 Should You Really Wait Until 70?
03:52 Claiming Early as a Tax Strategy
06:11 The Trap of Default Advice
07:14 Final Thoughts

Want to learn more? Connect with us below!

Stay informed and inspired! Join our FREE wealth & well-being newsletter

Do you want confidence & clarity? Check out our award-winning wealth advice services

Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. 

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com

In this episode, Dr. Preston Cherry breaks down why many high-income Gen Xers still feel stuck financially. Even with good paychecks, lifestyle creep and unclear goals can cause stress. Dr. Cherry explains how aligning your money with your values—not just chasing more—can lead to real peace and freedom. It's not about starving your present for your future. It’s about balance.

Takeaways:
• Lifestyle creep adds stress
• Align money with values
• Spending shows priorities
• Net worth ≠ freedom
• Reroute cash, gain peace

Want to learn more? Connect with us below!

Stay informed and inspired! Join our FREE wealth & well-being newsletter

Do you want confidence & clarity? Check out our award-winning wealth advice services

Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. 

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com

In this episode, Dr. Preston Cherry breaks down how Gen X professionals can use a smart tax strategy called Net Unrealized Appreciation (NUA) to turn company stock in their 401(k)s into tax-efficient income. He explains how the right moves can help you retire earlier and keep more of your money—and how one wrong step can cost you big.

Takeaways:
• Company stock matters
• NUA lowers taxes
• Don't rush to IRA
• Act with a plan
• Mistakes are costly

Want to learn more? Connect with us below!

Stay informed and inspired! Join our FREE wealth & well-being newsletter

Do you want confidence & clarity? Check out our award-winning wealth advice services

Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. 

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com

In this episode, Dr. Preston Cherry breaks down the often confusing world of inherited IRAs. He explains how taxes, rules, and recent law changes (like the SECURE Act) can impact your inheritance. Whether you're a spouse or a non-spouse heir, knowing the rules is key to avoiding costly mistakes. With smart planning, an inherited IRA can help grow your wealth and honor your loved one’s legacy.

Takeaways:
• Know the tax rules
• Don’t miss RMDs
• SECURE Act changes
• Spouses have options
• Plan to protect wealth

Want to learn more? Connect with us below!

Stay informed and inspired! Join our FREE wealth & well-being newsletter

Do you want confidence & clarity? Check out our award-winning wealth advice services

Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. 

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com

In this episode, Dr. Preston Cherry talks about why Gen X should focus on health span—how well you live—not just lifespan—how long you live. He explains that many people over-save for retirement and miss out on living fully now. Instead of treating retirement as one big block of time, he encourages planning for different life stages. The key is to spend in ways that match your current life and values—so you can enjoy life while building for the future.

Takeaways:
• Plan for health span
• Spend by life stage
• Avoid over-saving trap
• Live well now
• Retirement has chapters

Want to learn more? Connect with us below!

Stay informed and inspired! Join our FREE wealth & well-being newsletter

Do you want confidence & clarity? Check out our award-winning wealth advice services.

Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. 

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com

In this episode, Dr. Preston Cherry sheds light on why even high-income earners need solid financial education. Earning more doesn’t mean knowing more about money. He explains how true financial literacy helps people make smarter decisions, avoid costly mistakes, and feel more confident. Using real-life examples, he shows that financial wellness is not just about managing money—it’s also about understanding it, emotionally and practically.

Takeaways:
• Income ≠ Financial smarts
• Education boosts confidence
• Avoid costly mistakes
• Plan with clarity
• Money affects emotions

Want to learn more? Connect with us below!

Stay informed and inspired! Join our FREE wealth & well-being newsletter

Do you want confidence & clarity? Check out our award-winning wealth advice services

Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston. 

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com