The Money Maps Podcast with Xerxes

As we look ahead into 2024, I share some recently announced IRS tax law changes – tax brackets, standard deduction, health savings increases, retirement savings increases, and income phase out regions to qualify for Roth IRAs contributions. Whether you're an individual taxpayer, a small business owner, or just trying to make sense of the tax world, these changes will likely affect you. 

As the holiday season brings families together, it creates a prime opportunity to have meaningful discussions about future plans and financial well-being. While talking finances during the holiday season may seem overwhelming, these crucial conversations pave the way for having everyone’s complete understanding. In this episode, I guide you through this important conversation, offering structured...

With nearly two decades of advising families on navigating finances with children, I find myself standing on the cusp of fatherhood. This episode is a high-level overview of preparing financially for the life-changing adventure of parenthood.

Join me in this insightful episode into the world of emotions in finance. If my last episode enlightened you on money perceptions, know that it's our emotions that truly power our decisions. I’ll speak on how these feelings shape our approach to finances and provide some practical ideas to help you manage emotional investing.

In this episode, I delve into the psyche behind our financial decisions. Why do we sometimes prioritize the now over our future? I explore the psychology of money, the tug-of-war between instant gratification and long-term gains, social pressures, cognitive biases, and the tendency to overestimate our financial acumen. I wrap up with actionable insights so you can make better financial choices.

Every day lived is a day closer to the inevitable. It’s a part of life and as we age, we want to make sure we make a difference in the lives of others as well as leaving something to be remembered by. In this episode, I talk about how you can leave a legacy, from the financial perspective of money and valuables, to living a more meaningful life with greater remembrance with your legacy beyond the...

The Setting Every Community Up for Retirement Enhancement Act 2.0, commonly referred to as SECURE ACT 2.0, was signed into law on December 29, 2022. Intended to revise existing rules around retirement saving, this modification to the original SECURE ACT signed in 2019 could help strengthen the retirement system — and your financial readiness for retirement. This episode highlights a few key provis...

Hey, college grads! Congrats on earning your degree and establishing the foundation to help build your career. What’s next? Whether you have already landed a job and may be trekking across the country for a new life or your degree will secure a promotion or pay raise, here’s my take on getting you to start building your financial future. 

Interest rates are set to rise. There are still talks we’re in a pandemic. Russia and Ukraine are in conflict. How do all these things affect your finances and should you change your investment allocations and your long-term financial plans? In this episode, I address how panic-driven investment decisions can be costly to your long-term financial wellness and how to keep things in perspective.

Joining me in the episode is Libby Banks with The Law Office of Libby Banks. A noted attorney, Libby focuses exclusively on estate planning, probate, and trust administration. We go over the basics of estate planning: what it is, the importance of having a durable and medical power of attorney, why one should create a will, the process and costs of probate, beneficiary designations on investment a...

With just a few months of 2021 left, it’s time to get your finances in order. While it’s ideal for you to maximize your financial health throughout the year, some things are left for us to catch up on. In this episode, I share moves you should consider making to help you get the most out of your money. 

In this episode, I share random facts and tidbits from Invesco’s presentation titled Compelling Wealth Management Conversations. Random facts from their research provide some broad philosophical and historical perspective to diffuse fears and perceptions about investing. I share things that involve long-term investing to comparisons of the 1950's and 60’s to today and even touch on the longes...

Joining me in the episode is Brad Neumann of investment firm, Alger, where we discuss Alger’s observations and insights in the capital markets. We discuss Alger’s favoritism to investing in growth equity over fixed income in the long-term, sector considerations with the grand reopening of the world, their view of investing overseas, the Internet of Things transforming the world we are experiencing...

While most of us have been rushing to move past the dismal year of 2020, time certainly has flown and we’re more than halfway through 2021. Now is a good time to do a mid-year financial well-being checkup as you prepare to enjoy the rest of summer.

In this episode, I have a conversation with Shawn Fischer with the Fischer Insurance Agency of State Farm. We talk about the risks of everyday life – car accidents, unexpected events that happen in, at, and to our homes, premature death, even protecting your personal treasures. Shawn educates us on the importance of having the right property and casualty insurance coverage to protect you from the...

Are you interested in making more money? Let’s talk side hustle. In this episode, I share ways you can make extra cash on top of your daily grind. This supplemental income can be used to pay off debts, bulk up your savings, or even help fund your retirement. And if the eventual goal is to start a business, having a side hustle not only adds to potentially funding your business, but also helps you...

Interested in starting a business? You’ve come to the right place. In this episode, I take you through a what you need to know guide to starting a business. I go over taking your business idea into the planning stages, things you’ll need to know to launch your business, items to consider with maintaining and managing your business over time, and when you’ve hit the scales to really step it up, som...

S. Paul Moehring, speaker, best selling author of “Get Squared”, and business growth coach joins me in this episode about entrepreneurship with a perspective of mindset and improving performance. From a successful sales career in the insurance industry to author and business growth coach, we discuss the mindsets with business owners, managing versus leading, and sharpening your saw, a few of the m...

Zack Miller, podcaster, marketing guru, business pioneer, and author of “Anomaly” interviews me about my entrepreneurship journey. From my early days working various retail jobs in college, my career beginning with American Express Financial Advisors to starting my own wealth advisory firm, my role as Yelp community manager, a failed investment in a cafe, to launching the most successful escape ro...

Miller joins me again and this time, I get to ask the questions. You’ll hear Zack’s experience into how he started working with business owners and startups, the method behind authoring “Anomaly”, his unique approach to becoming a TV show host, championing small businesses, and we tie his physical training for the Ironman 70.3 into running a business.

A Roth IRA has become paramount in retirement planning conversations. There’s lots to love: flexibility with contributions, tax-deferral growth, and tax-free withdrawals, among several things. Here’s what you need to know about Roth IRAs and how it can work in your financial plan.

Saving for retirement is crucial, and investing in your employer’s retirement plan offers numerous benefits. In this episode, I’ll discuss 10 reasons why you should take full advantage of your employer-sponsored retirement options, from tax advantages and potential employer matches to automatic savings and long-term wealth growth. Don't miss out on the opportunities available to help you secu...

Good health and growing your wealth goes together. However you want to live your best life, it’s likely that enjoying the fruits of your labor involves all the extracurricular activities. Whether you like to travel, stay active engaging in sports or outdoor activities, or entertaining the people you love, growing your wealth affords these opportunities and good health allows you to enjoy them. Lyl...

The final episode of my three part series on Millennials and money is a conversation with Millennials born in the 90s. My guests – Rachel Loe, Paul Stetson Rice, and Austin Payne, while starting to get in their career grooves, are on the quick path to building financial independence and success. We talk about personal money upbringing, changes in mindsets, and tips to help you get and keep your fi...

Episode two of my three part series on Millennials and money is a conversation with three movers and shakers living in the Hampton Roads region of Virginia. My guests – Alisa Crider, Dr. Bo Yi, Brad Hunter, and I were all part of the CoVa Biz Magazine’s annual Millennials On The Move feature, highlighting outstanding Millennial-generation professionals experiencing career success while shaping the...