Jake Of All Trades

Jake and Kirk and feeling a bit down. Like most everyone during the lockdowns, they have been struggling with ways to stay motivated, keep working and make the most out of the present realities. What are you doing to stay motivated? *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services are separate and unrelated...

Jake and Kirk discuss what is really happening with student loans based on what we know from this new 2.2 Trillion dollar stimulus bill. Jake also provides good insights on how to use this information for your advantage. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services are separate and unrelated to Commonwe...

On this show Jake teaches us all a strategy that may help you take advantage of this strategy. Please note that this is not investment advice. As a certified financial planner, Jake desires to provide his listeners and his clients with real world strategies for long-term wealth building and wealth management. What he talks about is one good technique that is new and possibly useful for you. *On th...

What are corporate buybacks? How have they effected the stock market and the economy as a whole and how might these bailouts change the landscape of your wallet? Today on the show Jake and Kirk discuss topics in the headline and make them relevant to your day to day lives. While things look really scary, it helps to have a sense of calm and rational discussion about these ideas and how they effect...

You hear terms like the market has lost confidence, which means you and me and everyone we know have feelings of dread and anxiety about what will happen in the next week, two weeks, year. How long will the “shelter in places” be instituted? What effect will that have on our economy and thus our jobs, families, savings, 401ks, lives? Jake and Kirk explore some of what experts are discussing, as we...

We’ve got a full show for you today. First Jake and Kirk discuss a potential new financial tool and how it can change your approach to money. They discuss robo-advising and the limits of technology in our lives. Jake also shares a client story you won’t believe!  https://www.forbes.com/sites/ronshevlin/2020/03/02/the-next-revolution-in-personal-finance-the-financial-feed/#107e7e652fcf *“Tax prepar...

Jake and Kirk discuss updates ont he Coronavirus in the U.S. as well as the global consequences of its spread. Jake teaches about recessions and how to act in our current situation. They also talk Olympics 2020, Black Swan Events, and of course, The Office. https://www.nytimes.com/2020/03/03/business/economy/coronavirus-recession.html *“Tax preparation, planning, IRS representation, and business v...

We are happy to introduce new segments to the show. Jake Rivas and Kirk Barbera will still discuss an important financial news artics, but they will include a financial Word of the Day, an incredible financial story from Jake and a things we love about San Antonio. In this episode Jake and Kirk discuss the 12 audit triggers that catch the eyes of the IRS.    https://www.thebalance.com/top-audit-tr...

The FICO Scores, which are what many companies use to determine credit worthiness, are being altered. For some this will actually benefit them. For others this may harm them. How will the changes affect you? Tune in to find out more. https://www.nytimes.com/2020/01/25/business/credit-score-fico-change.html Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  an...

On this episode we discuss the coronavirus, what it is and how it effects the global economy. How much should we be afraid and what actions might we take presently to prepare for the future. *Minor correction: Jake mentions the Sars Virus outbreak in 2013; it was actually 2003. There was an outbreak of the Ebola strain in 2014. Here is the article we discussed: https://www.theguardian.com/news/202...

On this episode Jake discusses the difference between tax prep and tax planning. Jake and Kirk also discuss an article on Nerd Wallet “Tax Planning for beginners.” While paying your taxes may not be the most exciting event of your year, learning to strategize with your money by understanding the tax system is a critically important part of maintaining your growing wealth. https://www.nerdwallet.co...

A very important bill was passed in 2019. The SECURE act effects almost every single person in America. It will change the way retirees make financial strategies for the rest of their lives. Jake Rivas goes through the most important points to understand about this act. https://www.youandifinancial.com/the-setting-every-community-up-for-retirement-enhancement-secure-act/ Have questions about manag...

Should the money you save for your childs’ college be kept in your name or theirs? On this episode Jake breaks down a common misconception about assets and savings with regards to college funding for your child. Do you know what an EFC is? Find out and much more on the show! Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  and Jake Rivas may read your quest...

What War with Iran Could Mean for Markets On this episode Jake Rivas and Kirk Barbera tackle of a very complicated issue: Potential war with Iran and its impact on markets. Their approach is to help sift through facts and differentiate from perception. People often make fear-based decisions. How should you react financially given the realities of what we know and what we do not know about a potent...

Before you agree to cosign that loan, make sure you understand all the reasons to do this and all of the risks you are taking. Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocents Securities and advisory services offered through Commonwealth Financial Network,...

There are two main ways one can be “on the hook” for expenses after a divorce. Jake briefly explains these two concepts and then breaks down how the 2017 tax code effects these legal requirements. No one believes they will ever divorce their spouse, but it is important to be aware of one's possible obligations both to ones spouse and to the government. Have questions about managing your finan...

It’s not only a new year but a new decade and this is the best time to make changes to your financial life. Too often we make radical and impossible to maintain resolutions at the end of the year and then give up by February.  Jake and Kirk discuss practical and simple ways to make changes to your life that anyone can implement. From The Motley Fool: https://www.fool.com/retirement/2018/12/16/5-fi...

Happy Holidays! It’s the end of the year—a time of joy and giving! Jake and Kirk are here to discuss smart ways to purchase gifts—including those last minute ones!—for your loved ones without being bamboozled by all the sales and marketing tricks that are out there. They also discuss how to think about coupons and those time sensitive sales you see on Amazon. Here is the Washington Post article th...

On this episode Jake and Kirk tackle the question of liquidity. What is it and what considerations should you have when you lock up your cash for years. What are some of the pros and cons of illiquidity and how can you best include in your portfolio, long-term investment projects that have restrictions on liquidating your shares. https://www.economist.com/finance-and-economics/2019/11/07/what-is-t...

With the new tax law of 2017 some things have changed slightly. How do we properly plan our tax savings regarding charitable contributions? Today’s episode focuses on this question in light of the tax changes Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocent...

That’s right, a 7 year auto loan. Why would you ever take out a loan on a car that would last longer than the value of the vehicle? There are thousands of these loans being taken out and Jake and Kirk discuss the ins and outs of these loans, why someone would take one, and Jake’s professional advice on this form of debt. This was a fun one you won’t want to miss! https://www.wsj.com/articles/the-s...

Fact or Myth: Will I have to contribute to my retirement IRA by end of the year in order to get my tax benefits? On this episode Jake teaches you an important method called “Creative Tax Planning.”  Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocents Securiti...

Did you know you could invest based on your personal values? Jake Rivas explains how to craft a portfolio based on the ideas and values important to you. This could be important current events or even deeply held beliefs. Jake provides three main concepts to help you solidify your approach when selecting companies to invest in. Have questions about managing your financial lifestyle? Email  Jake@yo...

Today a guy in an RV and a cosmopolitan financial planner (that’s Kirk and Jake of course!) are going to talk to you about something more Americans wish they would be: adventurous. Specifically, they wish they could be more bold. What on earth does financial planning have to do with boldness? That is what we will be discussing. We focus in on particular types of personalities that many of us fall...

In this recent Wall Street Journal article, the authors give a breakdown of three generic pieces of financial advice we all get in America, and why they may not be the best for you. Jake and Kirk discuss each of them and give you new ways to look at your financial life. For instance, we may want our children to go to college and our parents encouraged their children to attend college, but have we...