What The Wealth Retirement Podcast

From wills to taxes to assets, there are many areas to consider when it comes to estate planning. In this episode, I’m divulging a key estate planning mistake that many people make and sharing three reasons why you should avoid making this mistake yourself. I also offer an alternative to consider instead. You can find show notes and more information by clicking here: https://bit.ly/3DoxZKF 🗓️ Meet...

There’s no doubt that there has been a ton of turmoil in the markets over the past little while. With the current conflict in Eastern Europe, high domestic inflation, and record gas prices, it’s no wonder that people are worried about the state of their investments. While many will give in to the worry and start divesting, today I’m talking about why so often the best thing to do is actually nothi...

It’s no secret that investing in the markets can sometimes feel like a rollercoaster ride that leaves you dizzy and overwhelmed. In this episode, I’m talking about some of the turbulence we’ve seen in the markets over the past few years, how to shape your mindset and perspective around its ebbs and flows, and how to formulate a planning strategy so you can feel in control and confident—no matter w...

Are you unsure about the difference between an exchange-traded fund and a mutual fund? While ETFs and mutual funds do share some similarities, there are some major differences that you should be aware of before investing in either. Listen in as I dive into the specifics of exchange-traded funds, including how they compare to other types of funds when it comes to price and taxation. You can find sh...

How good would it feel to pay off your mortgage early? For most of us, it would feel like a weight lifted off our shoulders, but if you’re nearing retirement or other major life transitions, there are certain considerations to think about before applying a big chunk of change to your mortgage. In this episode, I use real-life examples to highlight why pushing to pay off your mortgage as fast as po...

Today I’m diving into what is, for many, a touchy subject: estate planning. Many of us believe that this is something that we don’t have to worry about until much later in life, but the reality is that everybody needs an estate plan—and you need it sooner than you probably think. Listen in as I discuss why an estate plan is crucial for anyone over the age of 18, and especially for those with depen...

Welcome to 2022! The start of the year is often a time when people gear back up after the holidays, refocus their energy, and set their New Year’s resolutions. With that in mind, in this episode, I’m sharing how to make those resolutions work for you, as well as what you can do to make meaningful change in your family’s financial plan this year. You can find show notes and more information by clic...

There is a little-known strategy that can significantly keep your retirement taxes down: using Qualified Charitable Contributions (QCDs). To understand how to implement this strategy, you also need to understand how Required Minimum Distributions (RMDs) work, so I'm breaking down both of these things today. Listen in to hear how you can reap the rewards of the ripple effect this strategy can...

Happy Thanksgiving! Today I’m not talking about personal financing or business. Instead, I’m taking time to reflect and focus on the things that are most important to me, and I’m inviting you to do the same. In this short and sweet episode, I’ll be giving you a behind-the-scenes look at how we spend Thanksgiving in the Bednar household, in the office with clients and colleagues, and in the communi...

I was recently in a meeting with one of my clients and their CPA when they declared that they no longer wanted to use the strategy they had been using for over ten years. After some discussion, it became clear that what they were really saying was “we don’t see the value in this strategy.” In other words, the issue was not with the strategy—the issue was with the client's understanding of the...

In this episode, I’m going to explain the major changes being made to Social Security, when they take effect, and how you can prepare. I’ll compare the COLA changes of last year to the coming year and past COLA adjustments and break down the changes in Social Security statements, as well as why you need to check your information on file. You can find show notes and more information by clicking her...

I recently read a white paper on tax loss harvesting by Russell Investments and thought it would be a good idea to come on here to talk about it with you. So today, I’ll be explaining what tax loss harvesting is and how you can use it so that you’re confident in your retirement and your financials. This episode is all about making sense of the noise and sharing the key things you need to know abou...

You should beware of taking financial cues from people playing a different game than you are. A lot of harm has been inflicted on financial plans over the years because people tend to take cues from family members, trusted friends, media, neighbors, and more. Although people mean well, I’ll share how this can get us into a lot of trouble if we aren’t careful. You can find show notes and more infor...

Can you leave your 401(k) alone and keep it with an old company? Can you be forced into a transition, rollover, or cash-out? These are questions I get asked pretty regularly by people who are switching jobs or transitioning careers, and knowing your options when it comes to an old 401(k) is really important, so today I'll be discussing your options in this area. You can find show notes and mo...

Creating generational wealth and passing on investment and savings knowledge to your children is a big deal. In this episode, I’ll be talking about a strategy that I use to invest for my own children (currently ages 1 and 4). You will hear about why I started investing for them, what I’m investing in, and how I plan on using it as a learning tool as they grow up and learn about money. You can find...

What's something you've done in the past that you would be willing to pay to go back and do again? Asking this question is how we create clarity around the value of the present moment. In this episode, I’ll explain why determining the value of right now is really important and how it could have a big impact on your life and finances. You can find show notes and more information by clicki...

Most of us understand what we do—the products we sell, services we offer, the jobs we do, etc. But not many financial advisors and entrepreneurs can clearly articulate why we do what we do. However, finding your purpose and having a clear understanding of our dreams can help us to propel our businesses (and lives) forward. So, in this episode, I am going to be sharing some questions to ask yoursel...

Are you ready to transition into retirement? Many of us save our entire careers in hopes of having a comfortable retirement, but the actual process of retirement can bring a lot of stress if we are not prepared. Luckily, there are certain questions you can ask yourself to ensure a smooth transition into retirement. Here to help us dive into these questions today is Nic Nielsen, co-founder of Know...

Today I want to chat with you about comfort and why being uncomfortable is often a sign of not having a plan. When things go wrong in life, as they naturally do, responding is full of discomfort because we don’t always plan for these situations. This is such an important topic when it comes to your finances, so I’ll share some key areas where you can plan ahead and decrease your discomfort later o...

 There is a sequence you need to go through in order to solve an equation and the same goes for saving and managing your money. If you have goals for your life and finances, you need to have a strategy that will ensure you get there. In this episode you will learn about specific steps to incorporate into your wealth strategy or order of operations. You can find show notes and more information by c...

I get a lot of questions about what the one-page wealth plan is and how you go about planning your finances on just one page. So in this episode, I’ll give you a more detailed understanding of what it looks like, how it works, and why it can be so effective. You will get a starting point and specific examples to help you craft your own one-page financial plan. You can find show notes and more info...

Jimmy is the co-founder of No Baked Cookie Dough in Nashville Tennessee. I think it will be really interesting to change up the show a bit by chatting with someone who has made career transitions, started a business and really taken the “invest in yourself” advice to new heights. You will hear about the evolution of their business development, right and wrong ways to grow and the importance of pla...

Today I want to talk to you a bit about retirement savings. I recently did a LinkedIn doodle giving an example of two people investing for their retirement in two different ways. I’ll discuss what you need in order for your retirement planning to pay off – and also what you DON’T need. You can find show notes and more information by clicking here: https://bit.ly/3sU5PR1 🗓️ Meet with me: https://pa...

There are some key things that are important to know about the $1.9 trillion American Rescue Plan that was signed into law on March 11th, 2021. I came across an article by Hartford Funds entitled "10 Things You Should Know About the 2021 Stimulus Package," and in this episode, I’ll be going over these 10 things and briefly weighing in on them for you. You can find show notes and more inf...

Today I have Ryan Detrick on the show with me to talk about all things markets. Ryan is the Chief Market Strategist for LPL Financial, and he really has his finger on the pulse of what’s going on in the markets lately. A lot of questions have come in around the stimulus package and what’s going to happen with interest rates this year, so he will be shedding some light on these areas, in particular...