Through The Pines

The ULTIMATE FINANCIAL PLAN - THROUGH THE PINES PODCAST

Welcome to a Financial Planning Podcast with a down to earth vibe, this is Through the Pines…

* Find value in this podcast, consider supporting us here: https://www.buymeacoffee.com/banyanmedia

LIKE our Facebook Page: https://www.facebook.com/pinespodcast Follow our Instagram: https://www.instagram.com/pines_podcast/

*TIME STAMPS*

2:30 Step 1 - Assessing Your Net Worth 7:40 Step 2 - Goal Setting 13:00 Step 3 - Budgeting // Cash Flow 15:00 Step 4 - Emergency Fund Importance // How much? 17:25 Step 5 - Debt Management 20:00 Step 6 - Insurance 23:20 Step 7 - 401(k) and IRA Investing 24:20 Step 8 - Buying a Home // Considerations. 27:00 Step 9 - Estate Planning 30:00 SMORE NUMBERS 31:30 Step 10 - Tax Planning 36:20 Step 11 - Education Funding 42:20 Step 12 - Retirement Living 54:45 Step 13 - Charitable Giving 55:23 Step 14 - Review & Rebalance

Plan with Baxter: https://www.ameripriseadvisors.com/team/baxter-nelsen-associates/

Through the Pines - Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams.

This episode includes financial advice from professionals. Visit the financial planners in this podcast at www.planwithbaxter.com. The Banyan Collective & Host, R. Brandon Long are not the financial professionals - podcast pro's, maybe - money men, not so much.

Through the Pines Podcast Copyright, The Banyan Collective - October, 2022

The ULTIMATE 401(K) GUIDE - THROUGH THE PINES PODCAST

Welcome to a Financial Planning Podcast with a down to earth vibe, this is Through the Pines…

* Find value in this podcast, consider supporting us here: https://www.buymeacoffee.com/banyanmedia

LIKE our Facebook Page: https://www.facebook.com/pinespodcast Follow our Instagram: https://www.instagram.com/pines_podcast/

*TIME STAMPS*

2:30 - 401(k) Eligibility 5:00 - How much to contribute to a 401(k) 8:45 - What is "matching?" 13:13 - Understanding "vesting" 15:45 - 401(k) from the Employer's Perspective 17:45 - What is a True-Up Provision? 19:50 - "Uni-k" - Personal & Small Business 401(k) Plans 23:00 - After Tax Contributions 24:00 - Perspective from someone who is ready for retirement 26:00 - The KEY to SUCCESS with a retirement plan 27:00 - Frequent Mistakes 29:30 - SMORE NUMBERS 32:15 - How to choose your investment allocation / portfolio 37:00 - Target Date Fund 39:00 - What to do when you change jobs 49:00 - In-service Distribution 52:00 - How do you pull money out?

Plan with Baxter: https://www.ameripriseadvisors.com/team/baxter-nelsen-associates/

Through the Pines - Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams.

This episode includes financial advice from professionals. Visit the financial planners in this podcast at www.planwithbaxter.com. The Banyan Collective & Host, R. Brandon Long are not the financial professionals - podcast pro's, maybe - money men, not so much.

Through the Pines Podcast Copyright, The Banyan Collective - September, 2022

HOW TO TAKE MONEY OUT OF AN IRA - THROUGH THE PINES PODCAST

Welcome to a Financial Planning Podcast with a down to earth vibe Sasquatch would listen to while churning butter, this is Through the Pines…

* Find value in this podcast, consider supporting us here: https://www.buymeacoffee.com/banyanmedia

LIKE our Facebook Page: https://www.facebook.com/pinespodcast

Follow our Instagram: https://www.instagram.com/pines_podcast/

*TIME STAMPS*

1:15 - Basic Rules to Access IRA Money 4:10 - Required Minimum Distributions 5:55 - It's YOUR MONEY! It's Your Responsibility. 6:50 - Taking money out for Charitable Contributions 8:50 - More on Required Minimum Distributions (in your 70s) 9:40 - Who Should Be Your IRA Beneficiary? 13:55 - Rule Changes 15:34 - 60-Day Rule, What is it? How to Use it. 18:15 - Using IRA Money to BUY a HOUSE! 22:00 - SMORE NUMBERS - Aging Demographic Statistics 23:15 - How to use IRA money for HIGHER EDUCATION 25:15 - Using IRA Money for Child Birth Costs 26:30 - Using IRA Money for Medical Expenses 28:50 - Substantially Equal Periodic Payments 35:40 - Death, Disability, Unemployment Distribution Options 37:00 - Pulling out NON-CASH Items from your IRA

Plan with Baxter: https://www.ameripriseadvisors.com/team/baxter-nelsen-associates/

Through the Pines - Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams.

This episode includes financial advice from professionals. Visit the financial planners in this podcast at www.planwithbaxter.com. The Banyan Collective & Host, R. Brandon Long are not the financial professionals - podcast pro's, maybe - money men, not so much.

Through the Pines Podcast Copyright, The Banyan Collective - September, 2022

HOW TO PUT MONEY INTO AN IRA - THROUGH THE PINES PODCAST

Welcome to a Financial Planning Podcast with a down to earth vibe…

* Find value in this podcast, consider supporting us here: https://www.buymeacoffee.com/banyanmedia

LIKE our Facebook Page: https://www.facebook.com/pinespodcast

Follow our Instagram: https://www.instagram.com/pines_podcast/

*TIME STAMPS*

:50 How do you put money into an IRA?

1:45 - What is an IRA?

2:45 - ROTH IRA vs. Traditional IRA

4:30 - "Buying" an IRA

6:30 - Benefits of using a financial planner to open an IRA

10:30 - When does a Traditional IRA make more sense than a ROTH IRA

12:45 - Difference between a 401K and an IRA

14:00 - What can you NOT put into an IRA?

17:30 - When should you CONVERT your ROTH/IRA

19:45 - SMORE NUMBERS

22:00 - What are the IRA contribution limits?

24:30 - Backdoor Roth

26:00 - Most common IRA mistake

12:30 - Why have multiple IRA's?

33:00 - What is a MEGA-ROTH?

Plan with Baxter: https://www.ameripriseadvisors.com/team/baxter-nelsen-associates/

Through the Pines - Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams

HOW TO STICK TO A BUDGET - THROUGH THE PINES PODCAST

Welcome to a Financial Planning Podcast with a down to earth vibe Sasquatch would listen to while churning butter, this is Through the Pines…

*** Find value in this podcast, consider supporting us here: https://www.buymeacoffee.com/banyanmedia

LIKE our Facebook Page: https://www.facebook.com/pinespodcast Follow our Instagram: https://www.instagram.com/pines_podcast/

**TIME STAMPS**

0:45 - Why are Budget's so hard to stick to? 1:45 - What is the purpose of a Budget? 5:20 - Secret to sticking to a Budget 6:45 - Investing vs. paying off debt? 9:40 - How to include big purchases in your Budget 11:20 - Different ways to track your Budget 12:50 - Life events and Emergency Fund 15:40 - Sustaining your Budget 16:20 - Envelope System 16:50 - What to do when spouse breaks the budget? 17:47 - Pick your hard 19:05 - SMORE NUMBERS 12:16 - How to reset, and the importance of resetting a budget 23:00 - How a financial planner can help you stick to a budget 24:30 - Habits built during teens & 20s stay with you through your life 26:45 - It's okay to start over 28:00 - Budget Hacks 36:00 - Make more money! 37:50 - No SPEND month? 38:30 - Prepping for a mortgage 40:40 - Find a method that works and be consistent

Craziest Budget Hacks (https://inspiredbudget.com/); https://www.nerdwallet.com/article/finance/best-budget-apps

Plan with Baxter: https://www.ameripriseadvisors.com/team/baxter-nelsen-associates/

Through the Pines - Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams

Through the Pines Financial Planning #podcast

Did you find value from this podcast, please consider supporting us here: https://www.buymeacoffee.com/banyanmedia

Special thanks to our financial wizards this week from planwithbaxter.com Rex Baxter, Brandyn Smith, and Dan Nelsen. Any questions, reach out here: https://www.ameripriseadvisors.com/team/baxter-nelsen-associates/

Follow us on Instagram: https://www.instagram.com/pines_podcast/ LIKE our new Facebook Page: https://www.facebook.com/pinespodcast

Through the Pines - LOVE and MONEY: how to structure finances as a couple

Topics:

Debt Current Debt Feelings on Debt When you get a new job, what does Gross Income versus Net Income look like? Recreational Spending How much? How often? Beneficiaries on each other's accounts? We usually recommend waiting until after marriage unless it's a long-term serious relationship with kids or other financial dependent factors. Feelings on how kids and careers will work together. Once Married Joint accounts versus Separate Accounts, how do you decide? Splitting bills with different incomes. Joint Goals versus Individual Financial Goals

(S'more Numbers) - Dynamics of Spenders Versus Savers

Challenges and Strengths of: 2 Savers 2 Spenders 1 Saver and 1 Spender How do you get on the same page? Communicate and Set Goals/ spending boundaries. How do the financial dynamics change when people are on 2nd or 3rd marriages? Often times more separate accounts?\ How are bills split? Prenuptial Agreements What happens when a surviving spouse marries a much younger spouse late in retirement? How do people handle inheritances? (both biological parents have passed, but assets remain with 2nd surviving spouse unless trust work is involved

Contact Info: https://www.ameripriseadvisors.com/team/baxter-nelsen-associates/

Through the Pines - Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams

Bumper Music: Branson Anderson on Van Sessions as produced by The Banyan Collective - https://www.thebanyancollective.com/vansessions/2020/6/27/van-sessions-at-the-monarch-branson-anderson

Building a Money Base - Managing Money in Your Teens and 20s

Talking to Kids about Money Does College make sense? Trade Schools?Community College? Student Loans/ Other debt Is owning a Credit Card a good idea? Car Loans? Building Credit Forming good habits and savings money. 401k Plans Emergency funds

S'MORE NUMBERS

How to manage money in relationships? Pre and Post marriage money management What if one is a "saver" and the other is a "spender"? Getting into a home How much down? How much in savings?

Contact Info: planwithbaxter.com

Through the Pines - Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams

Consider supporting the podcast: https://www.buymeacoffee.com/banyanmedia

This episode includes financial advice from professionals. Visit the financial planners in this podcast at www.planwithbaxter.com. The Banyan Collective & Host, R. Brandon Long are not the financial professionals - podcast pro's, maybe - money men, not so much.

Through the Pines Financial Podcast Ep. 19 - Basics of a Bear Market

Bear Market Basics

- Are we in a BEAR Market? - Are we in a Recession? - If so, how does that affect investing? - What's the best way to evaluate our current financial portfolios? - Stocks lose 36% on average in a bear market.1 By contrast, stocks gain 114% on average during a bull market. - The average length of a bear market is 289 days, or about 9.6 months. That's significantly shorter than the average length of a bull market, which is 991 days or 2.7 years. - Emergency Fund Basics for Bear Markets - Debt payoff strategies during Bear Markets

Contact Info: planwithbaxter.com

Through the Pines - Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams

Consider supporting the podcast: https://www.buymeacoffee.com/banyanmedia

This episode includes financial advice from professionals. Visit the financial planners in this podcast at www.planwithbaxter.com. The Banyan Collective & Host, R. Brandon Long are not the financial professionals - podcast pro's, maybe - money men, not so much.

#Podcast: How to Build an Investment Portfolio - What you NEED to know!

Our financial wizards Rex Baxter, Brandyn Smith, and Dan Nelsen help us navigate how to structure an investment portfolio and deal with the ups and downs of the market over time to eventually build wealth.

WHAT WE COVER

- How do you start building an Investment Portfolio? - How do you predict market downturns? - How do I know the amount of my portfolio that needs to be in higher risk versus less volatile assets? - Types of risk tolerances. - Planning for the future - Calculate living expenses, factor in taxes, inflation, Social Security, etc. Then determine annual distribution needs and multiply that by 5. ( 2008 took about 4 years to recover from the bottom, but was down for about 5.5 years) - Gut Risk- Even if the plan can handle the ups and downs, we don't ever want to put a client in a place they feel uncomfortable. - Timing the market - Can it be done? - Do you ever see people in the wrong risk tolerances? - When is it time to adjust your portfolio?

Contact Info: planwithbaxter.com

Through the Pines - Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams

Consider supporting the podcast: https://www.buymeacoffee.com/banyanmedia

This episode includes financial advice from professionals. Visit the financial planners in this podcast at www.planwithbaxter.com. The Banyan Collective & Host, R. Brandon Long are not the financial professionals - podcast pro's, maybe - money men, not so much.

How to Structure MONEY in Retirement - Decade of Your 70s // Through the Pines

#Podcast: You're retired, now what do you do with your money?

Our financial wizards Rex Baxter, Brandyn Smith, and Dan Nelsen help us navigate how to structure money once retired, and how we can help our parents who are in their 70s better manage their money.

WHAT WE COVER

Once I'm retired, do I put all my investments in cash or does it stay invested? Required Minimum Distributions (RMD's) - What are they? When do RMD's start? How much do I need to take out of my accounts? What happens if I don't take my RMD's? How does insurance needs change during retirement? Home Insurance? Health Insurance/Medicare? Long-term care Insurance? (In case of a care facility)

SMORE NUMBERS

Do I need to start positioning assets to pass to the next generation? Reference the Estate Planning Podcasts for:Trusts $12.06 million exemption in 2022Do Roth Conversions make sense?

Contact Info: planwithbaxter.com

Through the Pines - Reminding you to use Yesterday's Dollars to Finance Tomorrow's Dreams

Consider supporting the podcast: https://www.buymeacoffee.com/banyanmedia

This episode includes financial advice from professionals. Visit the financial planners in this podcast at www.planwithbaxter.com. The Banyan Collective & Host, R. Brandon Long are not the financial professionals - podcast pro's, maybe - money men, not so much.