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Phil's Tax Hacks

Business & Economics Podcasts

Financial, tax and retirement planning guidance from Phil Putney. Each week Phil will talk about the keys to building a sound financial strategy that can survive throughout the ups and downs of the market. We'll have plenty of tax hacks along the way and other retirement facts!

Financial, tax and retirement planning guidance from Phil Putney. Each week Phil will talk about the keys to building a sound financial strategy that can survive throughout the ups and downs of the market. We'll have plenty of tax hacks along the way and other retirement facts!

Location:

United States

Description:

Financial, tax and retirement planning guidance from Phil Putney. Each week Phil will talk about the keys to building a sound financial strategy that can survive throughout the ups and downs of the market. We'll have plenty of tax hacks along the way and other retirement facts!

Language:

English


Episodes

Ep 107: Tax Consequences – Pros and Cons

10/21/2021
Do you know the tax consequences on your retirement accounts? Today, we will be discussing 5 different types of accounts and the tax pros and cons with each. Read more and get additional financial information: https://philstaxhacks.com/podcast/ep-107-tax-consequences-pros-and-cons/ What we discuss today: 1:00 – Tax-deferred 3:11 – Tax-free accounts 6:00 – Taxable accounts 7:47 – CDs 9:43 – Life Insurance

Duration:00:17:30

Ep 106: What is ”Risk Averse”?

10/14/2021
Everyone is different when it comes to risk tolerance. A lot of us think we are risk-averse, but we may be taking on more risk than we realize. On today’s episode, Phil is going to discuss risk aversion and how it affects our retirement plan. Read more and get additional financial information: https://philstaxhacks.com/podcast/what-is-risk-aversion/ What we discuss today: 0:28 – Enjoying the fall 1:27 – California’s new law 2:38 - $600 IRS Report 6:00 – Being risk-averse 7:14 –...

Duration:00:20:26

Ep 105: Financial Mistakes Couples Make

10/7/2021
Finances can cause a lot of stress for couples. However, planning together is crucial to your overall financial plan. On today’s episode, we will highlight a few areas that couples need to focus on as a team. Read more and get additional financial information: https://philstaxhacks.com/podcast/ep-105-financial-planning-as-a-couple/ What we discuss today: 0:55 – The many hats Phil wears 2:03 – The Pension spousal benefit option 4:26 – Social Security strategy 6:35 – Plans for...

Duration:00:20:03

Ep 104: Can You Put Off These Financial Decisions?

9/30/2021
We all tend to procrastinate from time to time, even when it comes to our finances. However, there are many things that we don’t want to put off addressing in our financial plan. On today’s episode, Phil will discuss 5 financial decisions that people tend to put off and whether it is okay to do so. Read and get additional financial information: https://philstaxhacks.com/podcast/ep-104-can-you-put-off-these-financial-decisions/ What we discuss today: 0:39 – Catching up with Phil 1:59...

Duration:00:16:34

Ep 103: What Do You Need To Know About the Recent Tax Proposal?

9/23/2021
If the recent tax proposals were to pass, how would it affect your financial plan? Some things we may want to look out for include changes in capital gains and Roth conversions. Phil talks about who could be most impacted if these proposals became a reality. Read and get additional financial information: https://philstaxhacks.com/podcast/ep-103-what-do-you-need-to-know-about-the-recent-tax-proposal/ What we discuss today: 0:12 - Let’s talk about tax proposals in Congress. 3:23 - How...

Duration:00:18:17

Ep 102: 5 Ways to Mind the Gap

9/16/2021
There may be a few gaps that we might not notice when we are working on our retirement plan. So, to better prepare you for the future, we will be discussing some of the gaps you need to keep an eye out for and how you can address them. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-102-5-ways-to-mind-the-gap/ Watch the video podcast: https://youtu.be/i7Tmeomyw7A What we discuss on this episode: 0:32 - What inspired today’s podcast? 1:25...

Duration:00:19:23

Ep 101: Red Flags in Your Financial Plan

9/9/2021
Are you worried you’re missing some red flags in your financial plan? Let’s talk through what you need to know and where you should better prepare. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-101-red-flags-in-your-financial-plan/ Watch the video podcast: https://youtu.be/-8SUd_vExGo What we discuss on this episode: 0:27 - Marc has a new studio set-up! 1:05 - How is Phil? 1:32 - What red flags should you look for? 2:05 - Can you...

Duration:00:16:36

Ep 100: How Age & Wisdom Effect Retirement

9/2/2021
Let’s talk about one of the primary benefits of aging: wisdom. Phil shares some of the key things to consider in order to make wise decisions as you age and near retirement. Read more and get additional financial information: https://philstaxhacks.com/podcast/ep-100-age-wisdom/ Watch the video podcast: https://youtu.be/-x5lDhWYZPw Key Points: 0:13 - It’s our 100th episode! 1:36 - What has Phil seen in the industry? 2:39 - What’s the difference between now and 20 years ago? 5:57...

Duration:00:17:40

Ep 99: Breaking Down Economic News in Bits and Pieces

8/26/2021
How can what’s happening this year shape our financial plans moving forward? We talk through several current events in the economy and what impact it could have on the future. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-99-breaking-down-economic-news-in-bits-and-pieces/ Watch the video podcast: https://youtu.be/0fKc8iPYNdg What we discuss on this episode: 1:35 - 2021 is still a challenge. 2:06 - The housing market may have...

Duration:00:16:09

Ep 98: What Makes Phil Tick?

8/19/2021
To get to know Phil a bit more, we ask a few questions to find out how he got to where he is today. From his influences and hobbies to what he likes most about the job, today’s podcast is all about what makes Phil tick. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-98-what-makes-phil-tick/ Watch the video podcast: https://youtu.be/tdzheuWPHY0 What we discuss on this episode: 1:09 - Who shaped Phil’s view of money? 2:48 - What’s the...

Duration:00:18:11

Ep 97: Why You Need Retirement Customization

8/12/2021
Retirement is not one-size-fits-all. Just like your bank account, family size, job, and home, you have a number of factors to add up to create a unique situation. On today’s podcast we talk through some of the areas of your retirement that you need to make sure is decided based on your needs and goals. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-97-why-you-need-retirement-customization/ Watch the video podcast:...

Duration:00:21:55

Ep 96: The SECURE Act 2.0

8/5/2021
The SECURE Act was passed in 2019, but is now facing possible amendments being added for the SECURE Act 2.0. On today’s episode of the podcast, we talk through these proposed changes and what that means for you. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-96-the-secure-act-2-0/ Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA What we discuss on this episode: 1:35 - The SECURE Act is facing possible new...

Duration:00:17:54

Ep 95: Things That Don’t Matter…Until They Do

7/22/2021
There are a lot of things that don’t feel important, until you suddenly need them. What items do you need to be thinking about now, before it’s too late? On today’s podcast, Phil talks through the four things you want to take care of sooner rather than later. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/things-that-dont-matteruntil-they-do/ What we discuss on this episode: 0:25 - What’s lake life like for Phil? 1:24 - What doesn’t matter...

Duration:00:15:04

Ep 94: What Retirement Are You Living For?

7/15/2021
Have you started daydreaming about what retirement looks like? Let’s talk today about what it takes to make that retirement dream a reality. Read more and get additional financial resources here: https://philstaxhacks.com/podcast Watch the video podcast: https://youtu.be/X7eECbIY9_A What we discuss on this episode: 0:45 - Summer time is vacation time. 1:40 - Retirement could include spending time with family. 3:23 - How do you structure your spending and retirement income? 5:32 -...

Duration:00:17:03

Ep 93: 5 Things to Know About Decumulation

7/8/2021
How hard or easy is it to spend your retirement savings? On today’s show we talk about the process and how to get it right. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-93-5-things-to-know-about-decumulation/ Watch the video podcast: https://youtu.be/xzRUgJBaV-g What we discuss on this episode: 0:24 - Today we are on location: on vacation! 1:19 - Let’s talk about decumulation. 2:06 - Do you have the proper support? 6:13 - Do you...

Duration:00:12:18

Ep 92: What is Your Spending Personality?

7/1/2021
Do you know your spending type? What about your spouse’s spending type? How does that impact your financial plan? Phil talks us through the different types and how they pair with others. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-92-what-kind-of-a-spender-are-you/ Watch the video podcast: https://youtu.be/MGqTUBHOzeE What we discuss on this episode: 0:30 - The 4th of July is here! 1:06 - Let’s talk about the four different types of...

Duration:00:13:21

Ep 91: Planning Through Uncommon Sense

6/24/2021
Do you ever think you’re doing it right but then find out it’s all wrong? Let’s talk uncommon sense in financial planning and what you should be doing. Read more: https://philstaxhacks.com/podcast/ep-91-uncommon-sense/ Watch the video podcast: https://www.youtube.com/watch?v=etE_AX6_E3M What we discuss on this episode: 0:19 - What’s the latest with Phil? 0:57 - Cryptocurrency took a hit. 6:20 - Buy low, sell high. 10:30 - Paying more in taxes than we have to. 13:34 - Keeping...

Duration:00:22:02

Ep 90: Not Your Father’s Retirement

6/17/2021
As we approach Father’s Day, we’re thinking about dear old Dad. Maybe he was your hero or maybe you never really knew the real him. One thing’s for sure, your retirement is certainly going to be different than his. Read more: https://philstaxhacks.com/podcast/ep-90-not-your-fathers-retirement/ Watch the video podcast: https://youtu.be/WsGZ_zSVR-A What we discuss on this episode: 0:17 - Let’s talk about Dad. 2:05 - Retirement is different these days. 7:06 - Retirement might be...

Duration:00:22:02

Ep 89: The Three Worlds of Money

6/10/2021
Where should your money go? First you need to understand the three worlds of money: banking, insurance, and Wall Street (or stock investing). On today’s episode of the podcast, Phil shares more about each world and striking the right balance of them in your financial plan. Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-89-the-three-worlds-of-money/ Watch the video podcast: https://youtu.be/JpnFWdPuxzk What we discuss on this...

Duration:00:21:57

Ep 88: 5 Words That Describe Retirement

6/3/2021
The MIT AgeLab did a study a couple of years ago asking people for five words to describe what retirement looked like. They came back with 928 words, but on today’s episode of the podcast, we’ll talk through the top words mentioned. What does retirement look like or mean to you? Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-88-5-words-that-describe-retirement/ Watch the video podcast: https://youtu.be/Cpk9i9U8bfw What we discuss on this...

Duration:00:14:22