Shows / Phil's Tax Hacks
Phil's Tax Hacks
Financial, tax and retirement planning guidance from Phil Putney. Each week Phil will talk about the keys to building a sound financial strategy that can survive throughout the ups and downs of the market. We'll have plenty of tax hacks along the way and other retirement facts!
Episodes
- Phil's Tax Hacks
Ep 167: SECURE Act 2.0 – Retirement Changes to Know (Part 2)
In the first part of the series, Phil highlighted the age changes for required minimum distributions along with some Roth changes that were included. This…
- Phil's Tax Hacks
Ep 166: SECURE Act 2.0 - RMD & Roth Changes (Part 1)
Another round of retirement changes are on the way after President Biden signed a spending bill in December 2022 that included the SECURE Act 2.0. Retirees and…
- Phil's Tax Hacks
Ep 165: Top 401(k) Mistakes to Avoid
Saving in your 401(k) can be an easy and painless way to build your retirement savings. But because it’s so easy and painless, it can also be easy to ignore…
- Phil's Tax Hacks
Ep 164: Dividend-Only Retirement Plans
Is it possible to have a “Dividends Only” Retirement? We found an interesting article that explores how to achieve the mythical “dividends only” retirement…
- Phil's Tax Hacks
Ep 163: The Market Outlook for 2023
There are a ton of opinions out there on the market right now. Many are wondering what the next year has in store for us after market volatility became the…
- Phil's Tax Hacks
Ep 162: Will it Take a Miracle to Retire?
In this episode, we will be discussing this article that cites 35% of millionaires saying it’s “going to take a miracle” to be ready for retirement. Why are…
- Phil's Tax Hacks
Ep 161: Making Smart Decisions During Major Life Events
Some major life events catch us by surprise, and others are more anticipated. No matter the circumstance, it’s imperative to make wise financial decisions when…
- Phil's Tax Hacks
Ep 160: Should You Follow the 60-40 Rule?
People have used the 60-40 rule for investments for years. It typically works well enough, but is it most effective? In this episode, we will break down the…
- Phil's Tax Hacks
Ep 159: Is the Grass Really Greener on the Other Side?
Sometimes you need to find a new financial advisor. Other times, you might think you need a new advisor, but really, you’re just guilty of thinking that the…
- Phil's Tax Hacks
Ep 158: The Retirement Marathon: Finishing the Race
Getting through retirement can be a lot like running a marathon. In this episode, we will discuss some similarities between getting to the finish line in…
- Phil's Tax Hacks
Ep 157: Common Questions About Taxes in Retirement
With tax season around the corner, we get a lot of questions about taxes. Many don’t understand that their tax strategy completely changes in retirement. In…
- Phil's Tax Hacks
Ep 156: What You Need to Know About Forced Retirement
Unfortunately, there are times people are forced into retirement before they are ready. Today we are going to go over what that may look like and common…
- Phil's Tax Hacks
Ep 155: Are Health Savings Accounts ‘Super Roths’?
A great tool you could utilize for your financial plan is a Health Savings Account. Though it may be an underserved tool in some financial advisors’ tool…
- Phil's Tax Hacks
Ep 154: The ABC’s of Bonds
When we have bad markets, traditional investing points to bonds. What if they aren’t the safe and secure investment that everyone thinks they are? In our…
- Phil's Tax Hacks
Ep 153: Fine Print Fiasco
Who reads the fine print? It’s one of those things most people skim over or ignore entirely. In this episode, we will go over some fine prints that can be…
- Phil's Tax Hacks
Ep 152: Can’t Get No Satisfaction… Or Can You?
Want to know the secrets to experience satisfaction in retirement? We’ve discovered five key situations in which your financial plan needs to lead you. If you…
- Phil's Tax Hacks
Ep 151: How Money Ads Get Your Attention
We’re bombarded with ads each day in all forms of media. But have you ever taken a closer look at these messages? If we unpack some of these headlines and ads…
- Phil's Tax Hacks
Ep 150: Getting Your Financial Decisions Right the First Time
There are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call…
- Phil's Tax Hacks
Ep 149: How Procrastination Dooms Your Financial Future
People have many reasons for procrastinating when it comes to putting a retirement plan together. Let’s explore some of those excuses and why they can be…
- Phil's Tax Hacks
Ep 148: Going Against the Grain
Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the…
- Phil's Tax Hacks
Ep 147: A Deep Dive Into RMDs (Part 2)
Everyone we’re working with for a retirement plan has to keep an eye on the age of 72 because that’s when the required minimum distributions begin. While we…
- Phil's Tax Hacks
Ep 146: A Deep Dive Into RMDs (Part 1)
Everyone we’re working with for a retirement plan has to keep an eye on the age of 72 because that’s when the required minimum distributions begin. While we…
- Phil's Tax Hacks
Ep 145: A Tough Conversation – Retirement and Divorce
We’re going to have a tough conversation about retirement and divorce on today’s episode. How does this difficult decision impact your retirement financially?…
- Phil's Tax Hacks
Ep 144: Retirement Pop Quiz – Can You Get an A+?
Are you ready for a pop quiz? Today we’re going to do a retirement planning pop quiz. Can you ace these questions? Watch the video podcast…
- Phil's Tax Hacks
Ep 143: Mailbag - Rates of Return, TSP Investments, and More
We are opening up the mailbag today to answer various questions from listeners and clients. We’ll explore the average rate of return, blue-chip stocks, TSP…
- Phil's Tax Hacks
Ep 142: Surviving a Bear Market - What Do the Experts Say?
What do pre-retirees and retirees need to know about surviving this bear market and a possible recession? On today’s episode, we’ll explore some expert advice…
- Phil's Tax Hacks
Ep 141: The Enhance Your Retirement Now Act
A recent article in The Hill paints the EARN Act (Enhancing American Retirement Now), the Senate’s version of the House’s Secure Act 2.0 bill, in a negative…
- Phil's Tax Hacks
Ep 140: Investor Beware: Advisor Red Flags
With the volatility in the market many of us are looking to start working with an advisor. What should we keep an eye out for when shopping around for an…
- Phil's Tax Hacks
Ep 139: Are You a Risk Taker? Evaluating Your Risk Tolerance Level
Do you take a lot of risk or are you a conservative investor? On today’s episode, we’ll explore why risk tolerance matters and how understanding our own risk…
- Phil's Tax Hacks
Ep 138: Top 10 Financial Debates - Part 2
Let’s continue our conversation on financial debates today. From deferring taxes to using credit cards, what is your opinion on these common financial debates?…
- Phil's Tax Hacks
Ep 137: Top 10 Financial Debates – Part 1
Should you pay the house off before retirement? Do you need to keep your life insurance once retired? Do annuities deserve their bad reputation? On today’s…
- Phil's Tax Hacks
Ep 136: Are These Retirement Statistics Encouraging or Discouraging?
We are breaking down some retirement statistics on today’s episode. Are these numbers encouraging or discouraging? Watch the video podcast…
- Phil's Tax Hacks
Ep 135: The Secret to Retirement Success
So, what really is the secret to retirement success? While it may be harsh, the reality is we are often our own worst enemy when it comes to planning. On…
- Phil's Tax Hacks
Ep 134: Countdown to Retirement
As you count down to the days of retirement there are some important things, you’ll want to cross off your to-do list. On today’s episode, we’re going to break…
- Phil's Tax Hacks
Ep 133: Can I Retire at 55?
It’s a question more and more people are asking, especially as the workplace continues to change following the pandemic. But are you in a position to step away…
- Phil's Tax Hacks
Ep 132: Reasons You SHOULD Get Life Insurance
The idea of a podcast on life insurance might not sound like the most exciting topic, but we’re going to put a positive spin on it today and tell you why you…
- Phil's Tax Hacks
Ep 131: The Most Important Retirement Birthdays
Birthdays might not be as exciting as they once were, but they are still important. On today’s episode, we are going to break down some retirement birthday…
- Phil's Tax Hacks
Ep 130: Common Housing Questions from Retirees
Let’s talk about the house today! We are going to explore some common retiree questions we get about housing. Should you downsize? Should you use equity as an…
- Phil's Tax Hacks
Ep 129: Financial Jargon: Designations and Education
Let’s continue our conversation on financial jargon today. We’ll dive into the different designations and licenses you may see when shopping around for a…
- Phil's Tax Hacks
Ep 128: Financial Jargon: Terms & Definitions
There is a lot of financial jargon out there that can be confusing when you are trying to plan for retirement. So, on today’s episode, we’ll explore a variety…
- Phil's Tax Hacks
Ep 127: Recognizing the Voice of Greed
When it comes to our money there are several ways, we tend to get greedy. So on today’s episode, we are going to discuss how to recognize the voice of greed…
- Phil's Tax Hacks
Ep 126: Guessing in Retirement Planning
What could go wrong if you end up guessing when planning for retirement? Today, we explore some areas in retirement planning you don’t want to guess at…
- Phil's Tax Hacks
Ep 125: Murky Issues in Retirement
What are most Americans confused about when it comes to retirement planning? On today's episode, we discuss 3 murky issues that may be making retirement…
- Phil's Tax Hacks
Ep 124: State of the Market and Current Inflation
The current state of the market and the rate of inflation may be making you nervous. How do we expect current events to impact your retirement plan and what…
- Phil's Tax Hacks
Ep 123: What is the Most Important Part of Retirement Planning?
The most important part of retirement planning is going to look different for everyone. On today’s show, we discuss some expert claims about the most important…
- Phil's Tax Hacks
Ep 122: Values-Based Planning
How do we incorporate our values into our financial plan? On today’s episode, we discuss some common values and how they fit into your overall retirement plan…
- Phil's Tax Hacks
Ep 121: Planning for the Things We Can’t Predict
You can’t predict a lot of things: how long you’ll live, the next market crash, healthcare costs, tax rates. But you still have to plan for these things. On…
- Phil's Tax Hacks
Ep 120: How Much Are Your Money Biases Costing You?
Most of us have some biases when it comes to money. Are you afraid of risk? Are you thinking far enough into the future? On today’s episode, we discuss the…
- Phil's Tax Hacks
Ep 119: How Do Kids Factor into Retirement Planning?
What role do our kids or grandkids play in our retirement plans? A lot of people want to save for their children and help them with big expenses like college…
- Phil's Tax Hacks
Ep 118: Don’t Fumble in the Retirement Red Zone
Winning a football game is a lot like planning for retirement. As you enter the red zone, you don’t want to fumble the ball. When you’re getting close to…
- Phil's Tax Hacks
Ep 117: What They’re Saying - 2022 Economic Predictions
A lot of economic predictions are floating around about 2022. On today’s show, we’ll ask Phil his opinion on these predictions regarding GDP, inflation, the…
- Phil's Tax Hacks
Ep 116: How “The Great Resignation” Could Impact You
Millions of people are leaving their jobs. They are pausing work, retiring early, or changing career paths. What is “The Great Resignation” and how could it…
- Phil's Tax Hacks
Ep 115: 22 Money Resolutions for 2022 Part 2
2022 is almost here! On today’s episode, we’ll finish our 22 money resolutions for 2022. How many of these can you accomplish? Read more and get additional…
- Phil's Tax Hacks
Ep 114: 22 Money Resolutions for 2022 Part 1
As we ring in the new year, what are some money resolutions we should be thinking about? From reducing your debt to getting more organized we’ll discuss the…
- Phil's Tax Hacks
Ep 113: Mailbag – Retiring Early, Risk, and More
Are you thinking of retiring early? Is a budget necessary in retirement? Today, we are opening up the mailbag to answer some listener questions about retiring…
- Phil's Tax Hacks
Ep 112: Retirement Late Bloomers
A lot of people feel behind when it comes to saving for retirement. What are some ways we can catch up? Even if you don’t feel behind these are great tips to…
- Phil's Tax Hacks
Ep 111: Dropping the Ball Financially
If your advisor seems to only be interested in discussing investments and growth, it may be time to take a step back and make sure all of your retirement…
- Phil's Tax Hacks
Ep 110: 4 Unreasonable Requests
Although you may never ask something unreasonable of your advisor, it’s important to know where that line is. It will help you manage your expectations. On…
- Phil's Tax Hacks
Ep 109: Living the Dream
Retirement planning is not all about finances, we also need to think about our lifestyles and what activities will make us happy from day to day. Today, we’ll…
- Phil's Tax Hacks
Ep 108: Overconfidence in Financial Planning
We want confidence and stability in our retirement plans but overconfidence can cause us to make financial mistakes. Today we are discussing some common areas…