The Veteran Finance Podcast

In this episode, I talk about the rapid rise in interest rates and the three personal finance implications to look out for.

Key Timestamps:

• 00:00 Introduction
• 00:58 Why Rates Are Rising
• 02:47 Impact One Borrowing Costs
• 04:43 Impact Two Cash Matters
• 06:47 Impact Three Investing Shifts
• 09:40 Conclusion And Action Steps

More of Baskin Financial Planning:

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Questions or comments, drop me a note at: ⁠⁠[email protected]⁠⁠

⁠⁠www.baskinfp.com/post/81

In this episode, I talk about why I am not recommending Trump Account contributions beyond any free money, and how to save for your kids instead.

Key Timestamps:

• 00:00 Introduction and What Trump Accounts Are
• 03:56 Problem 1: Kiddie Tax
• 07:07 Problem 2: Inflexibility
• 08:44 Problem 3: State Taxes
• 10:24 How to Save for Kids
• 15:14 Summary and Wrap Up

Resources Mentioned:

• Trump Account Website to Open and Manage Accounts
• $250 Dell Foundation Contribtuon Zip Code Lookup

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More of Baskin Financial Planning:

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Questions or comments, drop me a note at: ⁠⁠[email protected]⁠⁠

⁠⁠www.baskinfp.com/post/80

In this episode, I talk about the Iran War and its' implications on markets and personal finance.

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Key Timestamps:

• 00:00 Introduction
• 01:47 How Markets React to Wars
• 04:20 Oil, Inflation, and Interest Rates
• 8:01 Personal Finance Takeaways
• 11:40 Wrap Up and Disclaimer

Resources Mentioned:

• Investopedia article on the impact of war on markets across time
• Inflation Adjusted Barrel of Oil History Price Chart
• U.S. Gas Per Gallon Price over history
• Mortgage Rate Chart

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More of Baskin Financial Planning:

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Questions or comments, drop me a note at: ⁠⁠[email protected]⁠⁠

⁠⁠www.baskinfp.com/post/79

In this episode, I talk about the top 5 most impactful personal finance books I've ever read that I would recommend you check out in the new year!

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Key Timestamps:

00:00 Intro and Top 5 Personal Finance Books Overview

00:51 Book 1: The Psychology of Money

02:05 Book 2: Your Money or Your Life

03:25 Book 3: Die With Zero

05:29 Book 4: A Random Walk Down Wall Street

06:37 Book 5: The Millionaire Next Door

07:57 Conclusion and Additional Resources

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Resources Mentioned:

• Psychology of Money- Morgan Housel
• Your Money or Your Life - Vicki Robin
• Die With Zero- Bill Perkins
• Random Walk Down Wallstreet- Burton Malkiel
• The Millionare Nextdoor-  Dr. Thomas Stanley

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More of Baskin Financial Planning:

Think you might be a good fit form my firm? ⁠⁠⁠⁠⁠⁠⁠⁠Join the waitlist here!⁠⁠

Questions or comments, drop me a note at: ⁠⁠⁠⁠[email protected]⁠⁠⁠⁠

⁠⁠www.baskinfp.com/post/78

‍In this episode, I talk about red flags to look for in investments that are too good to be true, including three real life examples I've seen in my financial planning practice.

Key Timestamps:

00:00 Introduction and Announcements

01:20 Core Principles of Sound Investing

02:20 Identifying Red Flags in Investment Opportunities

04:34 Real-World Examples of Investment Scams

09:02 Protecting Yourself from Investment Scams

09:50 Conclusion and Final Thoughts

Resources Mentioned:

Bernie Madoff FBI Case

Paul Regan Fraud Scheme 2024

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More of Baskin Financial Planning:

Think you might be a good fit form my firm? ⁠⁠⁠⁠⁠⁠⁠⁠Join the waitlist here!⁠⁠

Questions or comments, drop me a note at: ⁠⁠⁠⁠[email protected]⁠⁠⁠⁠

⁠⁠www.baskinfp.com/post/77

‍In this episode, I go through the three tax-efficient strategies for maximizing the value of your charitable giving.

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Key Timestamps:

00:00 – Intro
01:25 – Standard deduction explained
04:40 – Strategy 1: Bunching
05:46 – Strategy 2: Donor-Advised Funds
07:04 – Strategy 3: QCDs
08:41 – Recap & final thoughts

Resources Mentioned:

Episode 37 on Donor Advised Funds (DAFs)

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More of Baskin Financial Planning:

Think you might be a good fit form my firm? ⁠⁠⁠⁠⁠⁠⁠⁠Join the waitlist here!⁠⁠

Questions or comments, drop me a note at: ⁠⁠⁠⁠[email protected]⁠⁠⁠⁠

⁠⁠www.baskinfp.com/post/76

In this episode, I go through the three things that need to be true for it to make sense to keep your house as a rental property.

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Key Timestamps:

00:00 – Introduction
00:49 – 1. The Math
03:31 – 2. Qualitative Fit
05:21 – 3. Long-Term Fit
09:06 – Recap & Final Thoughts

More of Baskin Financial Planning:

Think you might be a good fit form my firm? ⁠⁠⁠⁠⁠⁠⁠⁠Join the waitlist here!⁠⁠

Questions or comments, drop me a note at: ⁠⁠⁠⁠[email protected]⁠⁠⁠⁠

⁠⁠www.baskinfp.com/post/75

‍In this episode, I discuss the basic principles of term insurance and why for most families it is the preferred method of life insurance over permanent insurance, SBP, and VGLI.

Key Timestamps:

00:00 Introduction & why term life insurance

01:10 Principles of Term Insurance

03:35 How much term insurance do you need?

05:35 Calculating your coverage

07:10 Comparing Term vs. Permanent, VGLI, and SBP

12:09 Final thoughts & summary

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Resources Mentioned:

• Episode 22: Whole vs. Term Life Insurance
• VGLI Costs

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More of Baskin Financial Planning:

Think you might be a good fit form my firm? ⁠⁠⁠⁠⁠⁠⁠⁠Join the waitlist here!⁠⁠

Questions or comments, drop me a note at: ⁠⁠⁠⁠[email protected]⁠⁠⁠⁠

⁠⁠www.baskinfp.com/post/74

In this episode, I discuss the art of the backdoor Roth IRA for high income earners. We walk through what it is, how to do it, and key mistakes to look out for.

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Key Timestamps:

00:00 Introduction to the Backdoor Roth IRA

02:21 Step-by-Step Guide to Backdoor Roth IRA

04:51 Key Caveats and Pro-Rata Rule

07:26 Fixing Past Contribution Mistakes

10:06 Conclusion and Final Tips

10:47 Additional Resources and Disclaimer

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More of Baskin Financial Planning:

Think you might be a good fit form my firm? ⁠⁠⁠⁠⁠⁠⁠⁠Join the waitlist here!⁠⁠

Questions or comments, drop me a note at: ⁠⁠⁠⁠[email protected]⁠⁠⁠⁠

⁠⁠www.baskinfp.com/post/73

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In this episode, I dive into when it makes sense and does not make sense to refinance your mortgage when rates are falling.

Key Timestamps:

00:00 Introduction: Is Now a Good Time to Refinance?00:55 Understanding Refinancing Basics02:03 VA Loan Refinancing: Uncle Earl Explained03:12 When Refinancing Makes Sense06:06 When Refinancing Doesn't Make Sense08:02 Veteran-Specific Provisions for Refinancing09:50 Conclusion and Final Thoughts

Resources Mentioned:

Episode 16: VA Loans with Evan Kaufman

Episode 50: Refinancing VA Loans with Evan Kaufman

More of Baskin Financial Planning:

Think you might be a good fit form my firm? ⁠⁠⁠⁠⁠⁠⁠⁠Join the waitlist here!⁠⁠

Questions or comments, drop me a note at: ⁠⁠⁠⁠[email protected]⁠⁠⁠⁠

⁠www.baskinfp.com/post/72