Phil's Tax Hacks

Wondering what just happened with GameStop stock? Wish you had jumped on that bandwagon? Phil gives some information on what happened and what he thinks about it.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-72-the-gamestop-stock-story/     Watch the video podcast: https://youtu.be/fRTjDrrucrU     What we discuss on this episode:  1:19 - What happen...

No one likes bad news and sometimes the good news doesn’t outweigh the bad. On today’s podcast, we talk about a few financial topics that come with good news and bad news.   Read more and get additional resources here: https://philstaxhacks.com/podcast/good-news-bad-news-in-financial-planning/     Watch the video podcast: https://youtu.be/6j5R4FVKzeo     What we discuss on this episode:  0:40 - Do...

Have you stopped to reflect on yourself and your feelings when it comes to finances? When you meet with an advisor, it’s important to be true to yourself. Today on the podcast, we’ll ask the questions you should sit with when it comes to making financial decisions and a financial plan.    Read more and get additional financial resources here: https://philstaxhacks.com/podcast/know-thyself-how-look...

What are the three qualities of money that everyone wants? How can you get all of them within your portfolio? Phil talks through the key three qualities and what you need to make it happen.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-69-the-three-qualities-of-money/     Watch the video podcast: https://youtu.be/ZC_9a-K3b0g     What we discuss on th...

Retirement planning will be different for every person, but it’s interesting to look at the averages to get a general guide on where you stand. Today we’ll share some retirement statistics that will give you a good idea of how the average American prepares for retirement and where the shortcomings might be.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/...

As we finish off the year, we’re all dreaming about a lifestyle that looks a bit different than this one. What are your retirement lifestyle goals?   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/which-retirement-lifestyle-is-right-for-you/   Watch the video podcast: https://www.youtube.com/watch?v=YAgPduaRT74   What we discuss on this show:  1:11 - What...

What financial moves should you make before the year is over? Have you talked with your financial advisor about these strategies? Let’s review the items that are most important at the end of the year.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-66-end-of-year-financial-planning/     Watch the video podcast: https://www.youtube.com/watch?v=2p7Vl6w2T...

The Tax Foundation released a detailed analysis of Biden's tax proposals and this week we look at a few of the items that caught Phil's attention. Are there tax changes ahead? Anything different you should do with your plan now? We'll try to help you answer those questions today.   Read more and get additional financial resources: https://philstaxhacks.com/podcast/ep-65-what-to-know-about-bidens-t...

How do you pick the right advisor? Often we get caught up in finding the right investments and making sure the portfolio is balanced. But what about finding the right person to help you facilitate that plan?   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-64-finding-the-right-advisor/     Watch the video podcast here: https://youtu.be/qLffTFZSlm0     W...

We’ve all heard the saying, “the customer is always right”, but are they? When it comes to financial planning, you are going to see an advisor to hear their guidance and wisdom. So, if there’s a disagreement, are you right or are they? That's what we'll talk about on today's show.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-63-dont-assume-the-custo...

Is your portfolio diversified? Should it be? What does true diversification look like? We’ll tell you on this episode.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-62-is-diversification-just-for-suckers/     Watch the video podcast: https://youtu.be/69LkNzJHE3w     What we discuss on this show: 2:00 - Is diversification for suckers? 2:50 - How does...

How do you know if you’re ready for retirement? Whether you plan to retire soon or years from now, taking this quiz will help you understand what you need to do to prepare.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-61-would-you-pass-this-retirement-preparedness-quiz/     Watch the video podcast: https://youtu.be/VSs7liueo0o     What we discuss on...

Many of us have a 401(k), but how much do you really know about it? What frequently asked questions does Phil get when it comes to investing wisely?   Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-60-answering-your-401k-faqs/     Watch the video podcast: https://youtu.be/E5LyPiJcQW8   What we discuss on this show: 1:44 - What frequently asked questions does Phil...

Whenever you have questions or concerns about your financial situation, you should reach out to a financial advisor. Today we’re going to answer several questions from listeners to hear what Phil has to say regarding everything from a long-term care policy to tax refunds.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/484/     Watch the video podcast: ht...

Are you understanding all of the options when it comes to Social Security? Or do you feel like retirement and Social Security always coincide? Today we take a look at this important piece of retirement income.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-58-reframing-the-social-security-conversation/     Watch the video podcast here: https://youtu.b...

Whether you are less than a decade away from retirement or at the beginning of your career, it’s important to have a saving mindset. How can you make sure you are retirement ready?   Read more and get additional financial resources: https://philstaxhacks.com/podcast/ep-57-retirement-ready-or-not/     Watch the video podcast: https://youtu.be/7sF9WLpknd0     What we discuss on this show:  0:25 - Wh...

From the global bond market to living benefits, there are several important financial concepts you might not yet know about. Today’s episode will cover four things you should know when it comes to finances.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-56-financial-stuff-you-should-know/     Watch the video podcast here: https://youtu.be/evWGvRxgA_g...

Ever wish you knew then what you know now? That’s especially true in the year 2020. We discuss areas where hindsight could help and what to do about those financial decisions today.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-55-hindsight-is-20-20-in-financial-planning/     Watch the video podcast: https://youtu.be/qefGxAbekjs     What we discuss o...

Is a trust something everyone has or just the really wealthy? Do you need it as a part of your estate plan?   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-54-do-you-need-a-trust/     Watch the video podcast: https://www.youtube.com/watch?v=mEKpQjU43uE&feature=youtu.be     What we discuss on this show:  0:39 - We’re going to talk about estate planning...

How should you approach your home from a financial standpoint in retirement? Pay it off? Downsize? Rent it out? Let’s talk about real estate and how it fits into your plan.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-53-this-one-is-on-the-house/     Watch the video podcast here: https://youtu.be/b_apvElPm8Q     What we discuss on the show:  0:37 -...

We all hear various financial rules from time to time, but are they legit? Or are they full of it? Which of these are good rules of thumb and which are better to ignore? On today’s podcast we discuss seven financial rules to see what’s what and help you better plan for retirement .   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-52-are-these-financial-...

Many of the things you read or watch about finance will talk about the things you need to do to grow your portfolio. It’s not too often that you hear about the ways your retirement gets put in jeopardy, but it’s important to be aware of these mistakes. Today we’ll list five different errors people make that could ruin retirement so that you can make sure to do the opposite.     Read more and get a...

We all want to live a long and good life, but what does that mean from a financial standpoint? What kind of financial plan do you need to prepare and how can you plan appropriately for an unknown lifespan?   Read more on the topic here: https://philstaxhacks.com/podcast/ep-50-the-financial-risks-to-living-longer/     Watch the video podcast: https://youtu.be/kef-ksH57ds     On today's show:  0:55...

For some people, the idea of putting together a financial plan is pretty daunting. For others, the idea of building and designing a house is a lot more exciting. On today’s podcast, we consider what kind of building would go into creating a financial house.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-49-building-your-financial-house/     Watch the...

What happens to your financial plan once one spouse passes away? Is your plan organized and prepared or will the surviving spouse be left with a mess? Let’s talk about all the financial decisions you’ll be faced with during this difficult life event.   Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-48-financial-planning-following-the-loss-of-a-spouse/  ...