That Financial Guy

Are you ready to take control of your finances and build a brighter financial future? In this podcast, two seasoned financial advisors share expert tips to help you save smarter, spend wisely, and grow your wealth. Whether you're looking to create a budget, invest for the first time, or plan for retirement, these actionable strategies are tailored to set you on the right track. 📌 What You&ap...

Is life insurance worth it? What type of life insurance should I have? Is whole life better than term? That's what we will be covering in this episode. Mr. Anthony Ruffalo joins me again (even though he said he wouldn't). Helping you to be wise with your money! To see more videos discussing personal finance Subscribe: https://www.youtube.com/channel/UCbDA.. . For more resources: 👉    ht...

Are you ready to take control of your financial future? In this episode I am joined by Anthony Ruffalo, CFP and we have a candid and authentic conversation about core financial planning essentials. Financial Planning can be broken down into 3 key parts; Retirement, Education and Survivorship. Something Anthony calls RES. We will be guiding you through the key strategies to build a stable financial...

Do taxes go away when you retire? Well, some do. Like FICA and Medicare that was deducted from your paycheck when you were working. But there are certain taxes that still would come into play when you retire that takes some tax planning strategies. Lets get into those taxes you may face when you retire and ways to help minimize taxes in retirement. Here is the IRS social security tax calculator: h...

Retiring early requires a LOT of planning. Here are 5 things to consider. Schedule a consult with me, it's free!: https://go.oncehub.com/keithwilson1 Get my weekly newsletter here!: https://lp.constantcontactpages.com/s.. . Helping you to be wise with your money! To see more videos discussing personal finance Subscribe: https://www.youtube.com/channel/UCbDA.. . For more resources: 👉    https...

Want to open an investment account for your child? Well, custodial accounts come in different flavors and it depends on what your goal is for the account. Is it saving for college? Investing for their future retirement? Or just getting them started with investing? Custodial accounts can be a great way to start building wealth for your children. In this video I will be discussing advantages and dis...

I've been a financial advisor for over 35 years and have seen some common financial mistakes that people make like: Going to cash when the market goes down. This can be a mistake because you could miss out when a rebound happens. Lifestyle Creep. As your income increases you should still maintain your savings rate. Don't keep up with the Jones'! Credit card usage. Credit card debt i...

In this episode of That Financial Guy I talk with, my brother, Kevin Wilson. We discuss his somewhat recent move to Prescott Arizona, What are some of the changes that he experienced as far as cost of living, housing costs, and quality of life since he has moved there. Could this be a retirement destination!!! According to a recent study from The Motley Fool, quality of life ranked the #1 factor i...

Are you ready for retirement? If you are in your 50's, here are some things to check off your list to be prepared for retirement: - Evaluate your current plan to make sure it's on track - Review your investment strategies - Review your social security statements for accuracies - Consider Roth conversions - Get out of debt - Consider Long Term Care Insurance - Make sure estate planning do...

Sarah, a 24 year old entering the workforce as a pharmacist, wants to retire at age 50. Lofty goals! Kudos to her for thinking about retirement at age 24, but can she do it? Mike and Lisa, ages 32 and 33, are small business owners with 2 small children and would like to retire in their 50's at the same time fund their children's education. That's their story, let's see how Keit...

Randy and Linda have a difficult situation. Age 66 and 70. $550,000 in retirement accounts. No emergency fund, 100k in debt, wants to buy a house in a few years, Term insurance is expiring.  He is crazy about roth conversions!! How do we handle this one? Helping you to be wise with your money! To see more videos discussing personal finance Subscribe: https://www.youtube.com/channel/UCbDA.. . For m...

So you got a cash money gift for Christmas or Birthday. Maybe it was a $1,000 gift! What do you do with it? Here are some wise ideas. For the video link of this podcast: https://youtu.be/8PMcMKx3_Io Helping you to be wise with your money! To see more videos discussing personal finance Subscribe: https://www.youtube.com/channel/UCbDA... For more resources: 👉   https://wfa-nc.com/insights  📝 Get y...

Now is the time to get serious with your money. Many times people come to us and say, "I need to get serious with my finances". What does that mean exactly. It could mean different things to different people. Some people are in need of sticking to a budget. What comes in goes right out and need help with identifying where the money goes. Other folks are at the point in their life where t...

Sweeping changes are being proposed to retirement plans! The Secure Act 2.0 is about to be passed and will make changes to your 401k plan, SEP, SIMPLE IRA and other nuances. If passed, this proposal will change RMD (Required Minimum Distribution) age to age 75. However, that will be phased in starting at age 73 and eventually to age 75. This is huge! 401k plan contributions would be auto enrolled...

Do this now, before the end of the year! There are certain things you need to do to take advantage of before the year’s end. Flexible Savings Account:  If you don’t use it, you may just lose it. Health Savings  Account: Are your maxing it out? And are you investing It? Required Minimum Distributions (RMD) – Don’t forget to take it or you may be penalized. Qualified Charitable Distributions: Now is...

The maximum contribution to a 401k in 2022 is $20,500 for those under age 50 and a catch up provision of an additional $6,500 if you are over 50.  If you can not max out your 401k, don't feel bad! Only about 15% of people do. The main thing is to contribute as much as what your company match is to get the "free" money. Consider other alternatives beyond that, such as a Roth IRA and...

In this episode of "That Financial Guy" we talk about how managing your emotions can determine your outcome with investing. Bear markets and recessions come AND go. What you do during those turbulent times makes a difference! It's all about responding versus reacting to the negative news. Two emotions can ruin your financial goals: Fear and Greed. Fear, when markets are down and you...

In this episode of "That Financial Guy" we talk about how to make sense of financial planning. Too many times people are confused, intimidated and worried about their finances. A financial plan can give you a blue print of your financial path. But how do you start? What questions do you ask of a financial planner? Am I going to be alright? Financial planning isn't easy but it can be...