Phil's Tax Hacks

As you get closer to retirement, you might be prone to make these mistakes. We’ll talk through the key areas to be aware of so you can make better decisions as you near retirement.     Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-47-classic-pre-retiree-mistakes-to-avoid/     Watch the video podcast: https://www.youtube.com/watch?v=JfkNfw6YBc8     Toda...

What will happen to your portfolio when the market crashes next? Will you be ready or will your plans be wrecked? Let’s run through a list of the lessons we’ve learned that can be applied to the next bit downturn.   Read more and get additional financial resources here:  https://philstaxhacks.com/podcast/ep-46-survival-guide-preparing-for-the-next-market-crash/     Watch the video podcast here:  h...

What can we learn from geniuses? How can we apply those same principles when making investment decisions? On this episode of Phil’s Tax Hacks, we’ll discover what it means to invest like a genius as well as answer a question from the mailbag.    Read more and get additional financial resources here:  https://philstaxhacks.com/podcast/ep-45-investing-like-a-genius/     Watch the video podcast here:...

Are you risk-averse but then find out your portfolio is riskier than you want? Or do you say you want to retire but haven’t really prepared to do so? What other instances do you say one thing but do another?   Read more and get additional financial resources here:  https://philstaxhacks.com/podcast/ep-44-do-you-say-one-thing-then-do-another/     Watch the video podcast here:  https://youtu.be/Jizf...

Are you prepared for retirement? Reaching these milestones before you get there will ensure you transition to retirement with ease.     Read more and get additional financial resources here:  https://philstaxhacks.com/podcast/ep-43-4-financial-pre-retirement-milestones/     Watch the video podcast here:  https://www.youtube.com/watch?v=F9seLztVTbc   Today's show schedule:  0:49 - Four milestones t...

Are you investing in a traditional IRA or a Roth IRA? Which one is better? What pros and cons should you be aware about? Find out on this episode.   Read more and get additional financial resources here:  https://philstaxhacks.com/podcast/ep-42-traditional-ira-vs-roth-ira/     Watch the video podcast here:  https://youtu.be/ITCkfeqBp4c   Today's show schedule:  0:30 - Phil is back in the office, b...

From the debt snowball to perfectly following his baby steps, what does Phil think of Dave Ramsey’s advice? Is it something you should incorporate into your own financial plan or something to steer clear of?   Show Notes & Resources:  https://philstaxhacks.com/podcast/ep-41-should-you-follow-dave-ramseys-advice/   Watch the Video Podcast here:  https://youtu.be/zbxrhLXNu1Y     Timestamps: 0:23 - W...

What are some of the big critical mistakes that people are prone to make when retirement planning? How can you avoid them? Find out on today’s episode.   Read more and get additional resources here:  https://philstaxhacks.com/podcast/ep-40-critical-retirement-planning-mistakes/     Today's show schedule:  0:54 - What’s available in stores and what’s hard to find these days? 4:41 - Are bonds a safe...

What do you call what just happened in the market? Do you know what tax loss harvesting is? Should you be rebalancing? Find out in today’s show!   Read more and get additional financial resources here:  https://philstaxhacks.com/podcast/ep-39-financial-terms-you-should-know-during-a-pandemic/     Today's show schedule:  1:55 - What to call “what happened” in the market? 3:44 - What are the differe...

When you complete a crossword puzzle, every letter and word needs to be right in order to achieve success. Similarly, a financial plan has a lot of intersecting parts that need to be aligned in order to achieve your goals. Are you ready to play?   Read more and get additional financial resources here:  https://philstaxhacks.com/podcast/ep-38-playing-the-financial-crossword-puzzle/     Today's show...

As you try to make the best decisions, you may get a lot of bad advice--even from people with good intentions. How do you know who to listen to? Whose advice is bad and whose is good? We'll look at four common people we turn to and explain why you should be careful.    Read more and get additional resources here:  https://philstaxhacks.com/podcast/ep-37-best-intentions-but-bad-advice/     Today's...

What financial truths can you depend on to always be true? While some financial statements may be more opinion than fact, these financial truths are ones you’ll want to hang on to.   Read more and get additional resources here:  https://philstaxhacks.com/podcast/ep-36-financial-truths-you-can-depend-on/     Today's rundown:  0:50 - Are Americans taking out their retirement funds too early?  4:10 -...

Due to coronavirus, the CARES Act has outlined several provisions to relieve the financial burden on the economy right now. If you are allowed to take money out of your retirement accounts without penalty, should you?   Read more and get additional resources here:  https://philstaxhacks.com/podcast/ep-35-should-you-take-money-out-of-retirement-accounts-while-its-penalty-free/     Today's rundown: ...

Retirement planning and financial goals can be tricky to navigate. Instead of getting lost and going down the wrong path, here’s what to look out for and how to head in the right direction in the financial world.   Read more and get additional resources here:  https://philstaxhacks.com/podcast/ep-34-how-to-avoid-getting-lost-in-the-financial-world/     Today's rundown:  2:31 - In the News: What’s...