The Wealth and Income Podcast

Episode 211 - The 6 Things That Keep You From Retiring Early

Join us as we walk through the six big challenges most families face when trying to retire early. Many of these are easy fixes and go back to simply having the right mindset and strategy.

Episode 210 - The Most Important and Most Overlooked Part of a Financial Plan

Join us as we walk through the importance of a properly built system to help maximize the income from your investments and the power that comes from balance: Your distribution engine—the most important and most overlooked part of a financial plan.

Episode 209 - Limiting Beliefs About Money Could Cost You

It can sometimes feel like the secrets of wealth creation are the exclusive purview of the elites or the “already wealthy” crowd. The truth is, there are very few “secret” tools out there. Wealth creation is about critical thinking, discipline, good strategies, and the right mindset. One of the most significant challenges to creating wealth is what Gay Hendrix refers to as the "upper limit problem."

Episode 208 - The Impact of Efficiency Over Brute Force

Join us today as we walk through a real-life case study of what happens when good savings habits are paired with a highly balanced system of accumulation and distribution. The result of the mindset and strategy shift is not just higher income for its own sake but the ability to do more, bless others, and leave a larger legacy to the people and causes you love.

Episode 207 - Part 3, Saving Through the Decades - Case Studies Summary

Come join us for the final installment of our three-part series on achieving a $100k retirement income. In this episode, we'll delve into some eye-opening insights and truths gleaned from the two different scenarios. You might be surprised by what we reveal! One thing that's clear is that starting early is advantageous compared to starting late. But don't worry if you feel like you're behind - there's still a way forward.

Episode 206 - 50-Year-Old Case Study, Episode 2 of the Retiring with Average Savings Series

Join us for episode two in a three-episode series on what it takes to retire with $100k in income.  This week we explore a client in their 50s using industry averages for asset size and saving rate.  We explore the mindset, strategy, and tools needed to get that 50-year-old up to $100k in income by the time they are 65.  If you are not in your 50’s, tune in anyway.  There are some great universal lessons that can be applied to any age and situation.  

Episode 205 - What Does it Take to Retire with $100k if You Are Starting at 30?

Join us for a three-episode series on what it takes to retire with $100k in income.  This week we explore a client in their 30s using industry averages for asset size and saving rate.  We explore the mindset, strategy, and tools needed to get that 30-year-old up to $100k in income by the time they are 65.  If you are not in your 30’s, tune in anyway.  There are some great universal lessons that can be applied to any age and situation.

Episode 204 - Gold Medal Mindset with Olympian Joe Jacobi

Join us as we talk with the 1992 Olympic gold medalist in Kayaking, Joe Jacobi.  Finding purpose, not letting life's currents overwhelm you, and seeing obstacles as opportunities to go faster.

Links to Joe's websites and book:

• Joe Jacobi - on LinkedIn
• Slalom - Found on Amazon
• Sunday Morning Joe - Sunday Morning Inspiration That Your True Self Craves

Episode 203 - Potential changes coming for the “Catch-up” feature in 401(k)’s

If you are over 50 and taking advantage of the catch-up provision in your 401(k), there could be some changes in how 401(k) companies are required to allocate those dollars. If you are under 50, you should still listen to this one. The potential changes could signal a broader shift in how the IRS looks at near-term vs. long-term tax revenue from qualified plans. Join us as we walk through the mindset behind the potential rule change. Strategically, we can look at the pros and cons of the change and how that might impact even the option to have a catch-up option, as 401(k) providers may be scrambling to comply with the change. From a tools perspective, we touch on what that might mean moving forward for how you negotiate salary and other benefits to either take advantage or work around the rule.

Episode 202 - How do you get yield without giving up safety?

A look through the lens of Mindset - Strategy - Tools at some of the challenges in the current interest rate environment.  From a mindset standpoint, the key message today is don’t get stuck in how things have been done in the past just because they have been done that way.  As they say in military circles, “The enemy always gets a vote.”  When the world adjusts, it is important to be flexible in the response.  From a strategy standpoint, the big question is how to get yield AND safety when the interest rate environment is moving against bonds in the current environment.  Finally, as we look at tools, we will explore a set of tools you might not expect to help us get yield without giving up safety.  As always, consult your advisor before making a decision, as every tool may or may not be appropriate for your situation.