Nurturing Financial Freedom

Alex Cabot and Ed Lambert of Birch Run Financial delve into the 5 financial things you should take care of before the end of 2019, including: Maxing out your retirement plans Checking on Required Minimum Distrubutions (RMD's) Tax Loss Harvesting - is it right for you? Creating a Holiday/End-of-Year Budget Considering a Roth Conversion Resources: Birch Run Financial Website Email Alex: ACabot@birch...

Qualified Tuition Programs, also called 529 Plans, provide a way to save money for future education expenses. Today we cover: Qualified Tuition Programs, also called 529 Plans, provide a way to save money for future education expenses. Today we cover: How 529 Plans Work Who owns the plan Contribution Limits Taxation Qualifying Institutions How to invest money in a 529 Plan Do 528 Plans affect Fina...

What is a successful investing mindset, and how do you develop it? While part of investing is understanding terminology and strategy, a good financial adviser can also be part "psychologist" and help you navigate the anxiety of an ever changing market. Ed Lambert explains this. The worst thing you can do is give in to your instincts and over-react when the market changes. Alex explains why it's im...

In today's episode, Alex and Ed do a great job simplifying the complex world of bonds and some other forms of cash flow. First up, Alex explains the differences between Municipal Bonds and Taxable Bonds. What are the advantages to each? What should go into a decision between them? Next, Ed talks stock dividends vs bond interest, and how they compare in our current low interest environment. Finally...

The SECURE Act has been in the news a lot lately; Ed breaks it all down. Next, Alex explains whether you should draw distributions from your pretax or after tax accounts - and what should go into this decision. Finally, the guys break down the power of compound interest. Find out why Einstein said it's the most powerful force in the universe. Resources: Birch Run Financial Website Email Alex: ACab...

We open Episode 4 with an explanation of Replacement Ratios - the equations used to figure out how much money you'll need when you retire. Ed explains that while this may be a good starting point, relying solely on this strategy can be very dangerous. Alex explains the three phrases of retirement - those early "Go-Go" years when people check items off their bucket list, the "Slow-Go...

In our third episode, we start with life insurance - who needs it, what the different types are, and what it can do. Next, we look at financial simulation models, including the "Monte Carlo" simulation that can throw many different variables at your portfolio and test results. Next, a burning question everyone wants to know about. Ed explains the precarious position Social Security is in...

Alex Cabot and Ed Lambert from Birch Run Financial join Jag and start with the dilemma of buying or renting a second/vacation home. Next, the guys tackle a new financial trend - FIRE - or Financially Independent Retire Early. Retiring in your 30's may sound like a good idea, but Alex and Ed explain the many pitfalls associated with this new idea. Is it a better idea to sell off stock before the ma...

Alex, Ed, and Jag discuss the factors that go into retirement planning - how much you'll need to save, and diversification. Next, the guys get into Roth retirement accounts, explaining why they are a good idea for some people but not for everyone. What about budgets? Are they really necessary? That depends on your personality and spending habits. Finally, a discussion on credit card debt. Did you...

Alex Cabot and Ed Lambert of Birch Run Financial Advisors introduce themselves and talk about how they can help you plan your retirement through this podcast. Learn more about Alex here . Learn more about Ed here. Contact the Birch Run Financial team here. Or give the guys a call at 484-395-2190 You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190. Or...