Dime to Diamonds Podcast

Graduation season brings big changes — not just for students, but for parents too. In this episode of Dime to Diamonds Podcast, Suzanne Porske and Sharla Victor of Phoenix Financial Group dive into the emotional and financial realities of “The Bank of Mom & Dad” finally closing. From groceries and student loans to retirement planning and healthy financial boundaries, Suzanne shares real client...

In this episode of Dime to Diamonds Radio, Suzanne Porske and Rachelle Harp sit down with Michael Spurgeon, City Manager of Broken Arrow, for an informative and transparent conversation about the upcoming General Obligation (GO) Bond. Together, they break down what the GO Bond is, why it’s being proposed, and how it directly impacts residents, homeowners, and the future of the Broken Arrow communi...

Suzanne Porske and Rachelle Harp discuss strategic ways to help adult children buy homes and gift down payments, highlighting tax implications, legal considerations, and financial planning strategies. Key Topics Gifting strategies for down payments Tax implications of gifting and property ownership Estate planning and documentation for gifts Capital gains considerations when transferring property...

In this episode of Dime to Diamonds, Suzanne Porske and Rachelle Harp discuss the importance of financial education for women, particularly in light of the unique challenges they face regarding longevity, widowhood, and wealth management. They emphasize the need for women to be informed and proactive in their financial planning, highlighting three key numbers every woman should know: 5, 45, and 59...

In this episode of Dime to Diamonds, Suzanne Porske, Mark Farquhar, and Rachelle Harp discuss the critical differences between tax preparation and tax strategy. They emphasize the importance of proactive tax planning, understanding tax implications of major life decisions, and optimizing charitable giving. The conversation also covers navigating retirement, required minimum distributions, and stra...

In this episode of 'Dime to Diamonds', Suzanne Porske, Mark Farquhar, and Rachelle Harp discuss the emotional aspects of financial decisions. They explore how financial stress affects mental health and relationships, the influence of inherited beliefs on financial behavior, and the importance of understanding behavioral finance. The conversation emphasizes the need for effective communication in f...

In this episode of Dime to Diamonds, Suzanne Porske and her guests discuss the critical importance of life insurance awareness, especially in February, which is recognized as Life Insurance Awareness Month. They share personal stories and insights on the necessity of having life insurance, the different types of policies available, and the importance of planning for the future to alleviate financi...

In this episode of Dime to Diamonds, Suzanne Porske and her guests discuss the importance of initiating family financial conversations, especially during holiday gatherings. They explore the taboo surrounding money discussions, the role of financial professionals in easing these conversations, and the significance of understanding family goals for effective wealth transfer. The conversation highli...

In this episode, Suzanne Porske, Mark Farquhar, and Rachelle Harp discuss the often-taboo topic of caring for aging parents. They explore the emotional and financial implications of caregiving, the importance of long-term care planning, and the need for family discussions about these issues. The conversation highlights the growing number of caregivers in the U.S. and the challenges they face, incl...

In this Podcast, Suzanne Porske, Mark Farquhar, and Rachelle Harp discuss various financial strategies related to mortgage payoffs, reverse mortgages, and home equity lines of credit (HELOCs). They explore the implications of paying off a mortgage in retirement, the pitfalls of reverse mortgages, and the benefits of HELOCs as a flexible financial tool. The discussion also touches on tax implicatio...

In this episode of Dime to Diamonds, Suzanne Porske, Mark Farquhar, and Rachelle Harp discuss the significant wealth transfer occurring in the coming years, estimated at $124 trillion. They explore various strategies for gifting wealth during one's lifetime, the implications of charitable giving, and the importance of communication in estate planning. The conversation emphasizes the value of exper...

In this episode of Dime to Diamonds, Suzanne Porske and her guests discuss the importance of Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). They explore the differences between the two, the tax benefits, and how to maximize contributions and employer matches. The conversation emphasizes the need for financial education regarding these accounts and the potential long-term ben...

In this episode of Dime to Diamonds, Suzanne Porske, Mark Farquhar, and Rachelle Harp discuss the significant changes in tax laws and their implications for individuals and small business owners. They explore key provisions of the new tax bill, including permanent increases in the marginal tax bracket and standard deduction, as well as new opportunities for tax planning, charitable deductions, and...

In this episode of Dime to Diamonds, Suzanne Porske, Mark Farquhar, and Rachelle Harp discuss the significant changes to inherited IRAs set to take effect in 2025. They delve into the implications of these changes, including the enforcement of required minimum distributions (RMDs) and the associated tax penalties. The conversation emphasizes the importance of strategic financial planning for both...

In this episode of Dime to Diamonds, Suzanne Porske and Mark Farquhar discuss the importance of retirement planning, emphasizing the need for education and strategic financial management. They explore various aspects of retirement, including Social Security benefits, withdrawal strategies, and the impact of market downturns. The conversation highlights the significance of a holistic approach to fi...

In this episode of Dime to Diamonds, Suzanne Porske and Mark Farquhar from Phoenix Financial Group discuss the importance of consistent investment strategies, the dangers of market timing, and the necessity of thorough financial and estate planning. They emphasize the significance of dollar cost averaging, understanding market cycles, and the need for diversification in investment portfolios. The...

In this episode of Dime to Diamonds, Suzanne Porske and Mark Farquhar discuss the importance of financial literacy, especially for women, and share insights from tax season. They emphasize proactive tax planning, effective record keeping, and the significance of understanding tax returns. The conversation also covers how to maximize tax refunds, the importance of fraud awareness, and the need for...

In this episode of Dime to Diamonds, Suzanne Porsky, Mark Farquhar, and Rachelle Harp discuss the complexities of owning a second home, including tax implications, management challenges, and financial risks. They explore the nuances of rental properties, the importance of understanding capital gains, and the mental burden of property management. The conversation also touches on family dynamics in...

In this episode of Dime to Diamonds, Suzanne Porsky and Mark Farquhar discuss the evolving role of women in financial decision-making, particularly in light of Women's History Month. They explore historical barriers women faced in finance, the importance of financial education, and the unique challenges women encounter in achieving financial independence. The conversation also highlights the signi...

In this episode of Dime to Diamonds, Suzanne Porske, Mark Farquhar, and Rachelle Harp discuss the importance of understanding tax scams, identity theft, and how to navigate IRS communication. They emphasize the need for early tax filing to avoid scams, the legitimacy of IRS communication, and the importance of being cautious with personal information. The conversation also highlights the various t...

In this episode of Dime to Diamonds, Suzanne Porske, Mark Farquhar, and Rachelle Harp discuss the importance of tracking 401(k) accounts, especially when changing jobs. They highlight the challenges individuals face in locating lost retirement funds and the upcoming Secure 2.0 Act that aims to create a database for these funds. The conversation also covers the tax implications of retirement accoun...

In this Episode we will discuss; 10 Things Nobody Tells You About Retirement   Understanding the Reality of Retirement The importance of planning for Retirement Facing the Challenges of Retirement Living a Retirement with no regrets!

In this Episode, we discuss Overcoming Hardships The birth of the Phoenix Brand Holistic Financial Services Navigating Retirement Financial Organization as the first and most important step!

In this episode of Dime to Diamonds, Suzanne Porske discusses the intersection of financial planning and grief recovery with her guest Steve Moeller. They explore the importance of being financially prepared for life's transitions, the emotional impact of loss, and practical steps for end-of-life planning. The conversation emphasizes the need for open discussions about financial and emotional prep...

In this week's Episode of Dime to Diamonds, Suzanne and Rachelle discuss how to donate money to Non-Profits and ensure that it is effectively reducing your taxes. Today's guest is from one of Suzanne's favorite places to visit and hold educational workshops, it is the Historical Museum in Downtown Broken Arrow in the Rose District.