ThimbleberryU

Owning a home is often a part of the American Dream.  Often, that refers to owning a home outright, not having to make mortgage payments.  But according to Forbes, 38% of U.S. homeowners age 65 and up have a monthly mortgage payment.  Today, Amy and Jag break down when paying off your mortgage can lead to a successful  retirement - once you decide what "success" means, of course.

When does paying off your mortgage help with a successful retirement? 

When can it hurt your retirement?

When does it make sense to pay off a mortgage?

What variable should be considered when thinking about paying off a mortgage?

Finally, what about paying off the mortgage early?

For more information on how this affects your individual financial situation, or anything related to your financial future, reach out to Amy Walls and her team at Thimbleberry Financial.

https://thimbleberryfinancial.com/

(503) 610-6510

To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.

The ThimbleberryU Podcast is produced by JAG Podcast Productions - https://jagpodcastproductions.com/

Thimbleberry Financial Website and Phone Number:

https://thimbleberryfinancial.com/

(503) 610-6510

Many folks in the tech world can receive "tender offers" - a proposition to buy shares of your company holdings. This could come from the company or an outside party.  What do you do when you receive a tender offer?

Today, Amy Walls of Thimbleberry Financial explains why tender offers are made, and what factors you should consider when evaluating whether you should sell, and if so, how much you should sell.

To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.

The ThimbleberryU Podcast is produced by JAG Podcast Productions - https://jagpodcastproductions.com/

Thimbleberry Financial Website and Phone Number:

https://thimbleberryfinancial.com/

(503) 610-6510

Amy Walls and the team at Thimbleberry Financial work with many clients in the tech sector.  When an employee lands their first high-salary job in this field, it can be overwhelming. Today we talk about what to do.

What is the first thing someone to do? Maintain the Status Quo - temporarily.

• What’s next? Look at all of the offered benefits and make choices to set yourself up for success
• Insurance
• 401k
• Employee Stock Purchase Programs
• Equity Compensation (RSU's, Stock Options)
• Outside items, like umbrella insurance and estate planning
• Is a Mega Back-Door Roth an Option?
• Look ahead to future needs
• Aging out – Conservatively, how much time do you have?

To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.

The ThimbleberryU Podcast is produced by JAG Podcast Productions - https://jagpodcastproductions.com/

Thimbleberry Financial Website and Phone Number:

https://thimbleberryfinancial.com/

(503) 610-6510

The behavior and psychology of personal finance is something that Amy Walls is always studying at Thimbleberry Financial.  In our first podcast of 2022, we are discussing the concept of "Your Future Self."

Your future self is just that - you in the future. You can make decisions today, that, if you keep your future self in mind, will benefit you down the road.   This might mean having to fight through "present bias" or what others think your future self should be.

It's important to exercise grace and empathy.  You won't always make the right decisions, but allow yourself to learn from your mistakes.

To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.

The ThimbleberryU Podcast is produced by JAG Podcast Productions - https://jagpodcastproductions.com/

Thimbleberry Financial Website and Phone Number:

https://thimbleberryfinancial.com/

(503) 610-6510

An Annual Financial Review can be a great tool to evaluate your 360 degree financial future.  Often, this is the time of year when we take stock and think about these things.   Today, Amy and Jag go over the elements of an annual financial review and how to get started.

• What is an Annual Financial Review?
• What should be looked at in an Annual Financial Review?
  • accounts
  • cash allocations
  • cash flow
  • changes (income, taxes, benefites, expenses)
• What types of questions should I be asking my advisor, and is there anything I shouldn't ask him or her?

To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.

The ThimbleberryU Podcast is produced by JAG Podcast Productions - https://jagpodcastproductions.com/

Thimbleberry Financial Website and Phone Number:

https://thimbleberryfinancial.com/

(503) 610-6510

Today, Amy Walls from Thimbleberry Financial walks us through the top 6 retirement planning mistakes. They are:

• Not thinking about how they will spend their time in retirement
• Lack of Diversification
• Lack of Rebalancing
• Learning Not All Savings Are Equal
• Cashing Out a Retirement Plan
• Not Planning for  Health Care Costs

To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.

The ThimbleberryU Podcast is produced by JAG Podcast Productions - https://jagpodcastproductions.com/

Thimbleberry Financial Website and Phone Number:

https://thimbleberryfinancial.com/

(503) 610-6510

"Shrinking your income" may not seem like a good idea, but it's actually a psychological trick to increase your savings. Today, Amy Walls from Thimbleberry Financial explains the process.

If you think you have less to spend, it will change your habits and decisions. Automatically take different categories of expenses "off the top," such as:

• Fixed Expenses
• Non-Monthly Expenses (travel, gifts, savings, etc)
• Spending/Discretionary Money
• A family-specific category, like child-related costs

By taking all of these items off the top, it appears you have less money to spend, and guess what? You'll spend less.

To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.

The ThimbleberryU Podcast is produced by JAG Podcast Productions - https://jagpodcastproductions.com/

Thimbleberry Financial Website and Phone Number:

https://thimbleberryfinancial.com/

(503) 610-6510

Qualified Charitable Distributions, or QCD's, are an effective way to lower your tax burden while contributing money to a cause important to you.  Today, Amy Walls of Thimbleberry Financial walks us through all things QCD, including:

• What is a Qualified Charitable Distribution?
• What is the benefit of making a Qualified Charitable Distribution?
• Who is eligible?
• What are instances where people should consider doing this?
• What rules does someone need to be aware of?

To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.

The ThimbleberryU Podcast is produced by JAG Podcast Productions - https://jagpodcastproductions.com/

Thimbleberry Financial Website and Phone Number:

https://thimbleberryfinancial.com/

(503) 610-6510

The tax plan being debated in the US House of Representatives can have significant impacts on the financial futures and retirements of many Americans.  Today, Amy Walls of Thimbleberry Financial highlights some key areas of the legislation, as of our recording date of October 12th.

• What are some differences between the House plan and President's Biden's plan?
• Who stands to be most impacted by these new laws?
• What are some changes that could impact high earners and high net worth individuals?
  • Tax brackets and capital gains
  • Roth Conversions
• What are some changes that could impact everyone?
  • Could Back-Door and Mega Back-Door Roth Conversions go away?
  • Wash Sale Rules extended to cryptocurrency
  • Child and Dependent Care Credits
• What isn't in the plan?
  • No elimination of step-up in basis
  • Nothing with social security
  • SALT (State and Local Tax) Deductions

To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.

The ThimbleberryU Podcast is produced by JAG Podcast Productions - https://jagpodcastproductions.com/

"A stock tender offer is a bid to purchase some or all of the shareholders' stock in a corporation." - Investopedia

If you find yourself on the receiving end of a stock tender offer, there are a number of factors that should go into your decision. Today, Amy Walls of Thimbleberry Financial breaks them down.

• What is your purpose for the money?
• Are your short or long term goals more of a priority?
• Understand if there is a particular type of stock (RSU, ISO, etc.) that the offer applies to.
• What are your tax implications for accepting the offer?
• ....and more!

At Thimbleberry Financial, Amy Walls and her team make it a priority to really get to know their clients and what's important to them. This goes far beyond their investments.  If you'd like to contact the team and set up an appointment, you can visit:

https://thimbleberryfinancial.com/

or call: 503-610-6510.

To get in touch with Amy and her team at Thimbleberry Financial, call 503-610-6510 or visit thimbleberryfinancial.com.

The ThimbleberryU Podcast is produced by JAG Podcast Productions - https://jagpodcastproductions.com/