One For The Money

In today’s episode, I’ll be sharing thoughts from a personal finance book that I read last summer. Morgan Housel, a former columnist at The Motley Fool in the Wall Street Journal, wrote the book entitled  The Psychology of Money . In it, he shares the idea that intelligence isn’t what makes someone good with money; behaviors are what play the most significant role. Listen to learn what these...

How much of your retirement will be available to spend? Most Americans aren’t aware of the ticking tax time bomb in their retirement accounts. In this episode of the One for the Money podcast, I share ways you can get the most out of your retirement investments. Listen to learn strategies to overcome the uncertainty of future taxes. In this episode... The ticking time bomb [01:04] Roth conversions...

The case of the seven million missing American children is a story of how tax planning shouldn’t be done. In this episode, I cover that story and share ways we should be tax planning. You may be surprised at the order in which this planning should be done. Listen to learn more about that, and at the end of the episode, I’ll share a general tip about tax planning. In this episode... A sad story of...

One of the most frequent questions I receive is asking when the best time to invest is. In this episode, I answer that question by reviewing a strategy that may help ease your entry into the market. In the Tips, Tricks, and Strategies section, I go over mutual fund expense ratios and explain why you might be paying a lot more than you realize. Listen to learn how to reduce those expenses. In this...

This episode is part two of my series summarizing how income taxes work. I know taxes may not be the most exciting topic, but I share this with you because you don’t pay less accidentally. Instead, paying less in taxes results from being proactive in your approach and executing strategies over many years. You’ll want to listen so you can take advantage of these tax-saving strategies. In this episo...

In this eighth episode of the One for the Money podcast, we cover a critical component of building wealth and early retirement: not paying more for taxes than necessary. While everyone has to pay taxes, no one says you have to leave a tip. Listen to learn more about reducing what you pay in taxes to have more of your money to spend in early retirement. In this episode... Gaining a general knowledg...

What are the best retirement saving strategies for the self-employed? We’ll be talking about that answer in this episode of the One for the Money podcast. I go over the relatively unknown Personal Pension Plan strategy that has allowed some of my clients to put away over $300,000 in a single tax year. In the end, I’ll talk about some strategies for employees who don’t have access to a 401k type pl...

Meaning & Purpose in Retirement, Ep #6 In this episode of the One for the Money podcast, I share what you can do to ensure you have a fulfilling retirement. The process has less to do with money than you might think. In the tips, tricks, and strategies portion, I’ll share the first of many tax strategies as we approach the individual tax filing deadline of Monday, April 18th, 2022. You’ll lear...

One of the more challenging aspects of early retirement is the topic of this episode of the One for the Money podcast: Obtaining and paying for health care. Medicare isn’t an option until age sixty-five. Stick around for the tips, tricks, and strategies portion where I’ll be discussing when it makes sense to get life insurance through your employer and when it’s better to get your own! In this epi...

The previous episode of the One for the Money podcast was all about strategies to generate income in retirement. Many might consider Social Security as part of an early retirement income strategy since you can begin receiving payments as early as age 62. In this episode, I’ll share with you why you most likely don’t want to try that approach. Listen to learn about how your Social Security benefit...

Are you financially prepared for life after retirement? This episode of the One for the Money podcast is all about generating income in early retirement. Congress has put a 10% penalty for those who access IRAs before age 59 and a half, but I’ll be going over ways you can generate income. Listen through to the end, and I’ll share some early retirement tips, tricks, and strategies, including an eas...

This One for the Money podcast episode is all about the Financial Independence, Retire Early movement known as FIRE. I’m your host, Jonny West, and I’m going to be teaching you tips, tricks, and strategies you can use to retire early. We’ll also discuss Health Savings Accounts, which are a great way to save for healthcare expenses now and in retirement. I hope you’ll find this episode helpful for...

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This is the inaugural episode of the One for the Money podcast! While most episodes will be about the details and implementation of early retirement, I want to take this opportunity to focus on the motivations and reasons. Many of you may be thinking that the “why” of early retirement seems straightforward. You’d love to stop working sooner! However, your retirement is far more successful when you...