Better Financial Health in 15 Minutes (or less!)

Navigating Retirement with $1-5 Million: Key Strategies for Success 💰

Thu, 05 Feb 2026 13:00:00 -0600

You’ve built a nest egg between one and five million dollars—now the real work begins. We walk through the decisions that matter most in the first years of retirement, where timing your exit, securing healthcare before 65, and designing tax-aware withdrawals can add up to six figures over a lifetime. Instead of chasing market headlines, we focus on how to turn assets into a resilient paycheck that funds real goals.

We start with the power of timing. Leaving in February versus July could mean capturing a final profit-sharing contribution, an RSU vest, or an extra month of employer coverage. From there, we unpack the healthcare maze: ACA marketplace plans and how income management can unlock subsidies, individual policies from major carriers, underwritten options that trade medical questions for lower premiums, and employer early-retiree plans that keep you in a familiar network. The throughline is control—matching your medical needs, doctor access, and budget while avoiding surprise gaps before Medicare starts at 65.

Taxes drive the second half of the conversation. The 4% rule isn’t a plan; the order of withdrawals is. We explain how filling tax brackets with partial Roth conversions can lower lifelong taxes and reduce the shock of required minimum distributions that might otherwise push you into higher rates and raise Medicare premiums. Asset location, rebalancing discipline, and a sensible cash buffer all support steady income while limiting forced sales. Then we connect the dots to Social Security: when delaying pays, how to cover the gap years, and why the best claiming decision depends on your health coverage and cash flow plan.

Under all of this sits one question: what is the money for? Whether it’s travel, a second home, helping grandkids, or simply not worrying about markets, clarity on purpose sets the right risk level and spending rhythm. Subscribe, share this episode with someone planning their exit, and leave a review with your top retirement question—we may feature it in a future show.

Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Why Most Money Resolutions Fail And How To Build A System That Works

Thu, 01 Jan 2026 10:00:00 -0600

New Year promises are easy; systems that run while you live your life are rare. We dig into why so many financial resolutions fail—vague aims, overreach, and zero follow‑through—and replace them with small, automatic moves that compound into real progress. Instead of chasing motivation, we show how to set a single automated decision that saves, invests, or pays debt without daily willpower, then pair it with one leak you’ll cut for good.

We start by reframing the goal: don’t say “save more,” schedule a 1 percent increase in your savings rate or 401(k) deferral by your next paycheck. Anchor to paycheck-sized actions like $400 per pay period, not big annual numbers that never get traction. From there, we cover the safety layer—why an emergency fund and targeted debt payoff matter most when your job feels uncertain—and how that buffer protects you from high-interest setbacks. The theme is consistency over heroics, automation over intention.

Then we talk joy. Vacations and experiences belong inside a smart financial plan, not in the “maybe later” pile. Price the trip, automate the transfers, and enjoy the feeling of a fully paid getaway without the credit card hangover. We even share a story about advising a high-achiever to plan a vacation to prevent burnout, plus a practical way to include a friend by aligning costs up front. Guilt-free spending is earned through planning, not luck, and it’s a powerful motivator to keep your system running.

By the end, you’ll have a simple playbook: set one automated increase, cut one leak, build your safety net, and fund joy on purpose. While you’re busy working, playing, and resting, your money will be moving in the right direction by default. If this helped you rethink your approach to money, follow the show, share it with a friend who needs a nudge, and leave a quick review so more listeners can build systems that stick.

Vacation Without the Credit Card Hangover

Fri, 26 Dec 2025 10:00:00 -0600

Planning a vacation shouldn’t end with a credit card hangover. We break down a clear, no‑drama way to choose the trip, price it honestly, and fund it with simple, short‑term savings so the only thing you bring home is good memories. From setting up a dedicated money market account to translating a total cost into monthly and per‑paycheck goals, we show how to turn “someday” travel into a funded plan you can enjoy without stress.

We also unpack the tricky world of points and rewards. Yes, airline and hotel programs can cut costs, especially if you already fly one carrier or your employer lets you keep business‑travel points. But points aren’t a free pass. If a card nudges you to overspend or you carry a balance at high interest, the math breaks fast. You’ll hear practical rules for when points make sense, when cash is king, and how to avoid the trap of chasing perks that cost more than they save.

Prices today are shaped by algorithms as much as calendars, so we share tactics to search smarter. Use Google Flights alerts, try private browsing on airline sites, compare across devices, and price the whole stay including taxes, cleaning fees, meals, and activities. We also draw firm lines for when to delay travel: high‑interest debt, no emergency fund, or job uncertainty. Most of all, we make space for joy. A fully funded trip can prevent burnout and remind you why you work so hard in the first place—because guilt‑free fun is part of a healthy financial life.

If this guide helps you plan a better trip, share it with a friend, subscribe for more money‑smart episodes, and leave a review to help others find the show. Where will your next funded adventure take you?

The Two-Step Tango Of Smarter 401Ks

Thu, 18 Dec 2025 10:00:00 -0600

Your 401 might look fine at a glance, but the details can quietly reshape your risk and returns. We dig into how to read what you actually own, why two target date funds with the same year can behave very differently, and the real cost of fees that compound against you. From checking equity exposure to comparing expense ratios, we share practical ways to tighten your plan without adding complexity.

We walk through diversification that goes beyond the S&P 500, including international and bonds that can cushion shocks and capture leadership shifts. You’ll hear why a once-a-year rebalance helps keep risk steady, how to spot duplicate funds that do the same job, and when index options can deliver similar exposure at a fraction of the cost. If you use model portfolios, we explain the difference between fee-based managed options and no-additional-cost models, plus the gotcha that can reset your choices during the next scheduled rebalance.

Most importantly, we break down the “two-step tango” for fixing allocations: change both your future contributions and your existing balance so your risk level matches your plan today. That single move prevents drift, aligns your portfolio with your goals, and makes every paycheck work harder. Before you log out, consider a small bump to your contribution rate to harness compounding and employer matches. If this helped clarify your 401, follow the show, share it with a friend who needs a checkup, and leave a quick review so others can find it.

How To Protect Your Money From Persistent Inflation

Fri, 12 Dec 2025 11:00:00 -0600

Prices didn’t fall back after the spike—they stuck. We unpack what that really means for your wallet and your portfolio, and why a 3 percent inflation trend can quietly double living costs over a couple of decades. From retirees juggling health care and food increases to younger families squeezed by rent, insurance, and child care, we share a practical roadmap to keep spending power intact without retreating into cash.

We walk through a smarter investing playbook: broad, global diversification that reduces concentration risk in the S&P 500, tilts toward profitability, and captures more sources of return. Drawing on factor-aware approaches like those used by Dimensional Fund Advisors, we explain how to balance U.S. and international exposure, why rebalancing matters after long growth cycles, and how to align risk with your real-life goals. You’ll hear when it makes sense to green-light big purchases, when to wait, and how to avoid selling at the wrong time.

Then we get tactical. Shop your auto and homeowner coverage and compare line by line before switching. Audit statements monthly, cancel dead subscriptions, and dispute unauthorized charges quickly. If your income is down, consider targeted Roth conversions to build tax-free options and reduce future RMD pressure. For career builders, make a results-focused case for a raise rather than leaning on inflation alone. For savers at every stage, small increases in contributions today can create outsized freedom later thanks to compounding.

If sticky inflation has you wondering how to stay ahead, this conversation gives you the tools: disciplined diversification, flexible spending, vigilant cost control, and tax planning that creates choices. Listen now, subscribe for more practical money guidance, and share this episode with someone who needs a fresh plan for a higher-cost world.

ETF Basics, Benefits, And Red Flags

Fri, 05 Dec 2025 13:00:00 -0600

Ever bought an ETF because the ticker looked clever, only to wonder why it didn’t behave like the market you expected? We unpack how exchange traded funds really work, from the tax magic of in-kind redemptions to the quiet costs hidden in spreads, volume, and tracking choices. Along the way, we demystify why some funds hug an index tightly while others take a rules-based path that can lower trading costs and sometimes deliver better long-term results, even if they drift from the benchmark in the short run.

We share a practical framework for choosing ETFs that fit your strategy. Start with clarity on your target exposure, then verify whether the fund strictly tracks a benchmark or uses index-like rules with factor tilts such as dividends or profitability. Compare expense ratios among peers, but don’t stop there—check average daily volume, how closely the market price matches NAV, and the fund’s historical premium or discount. We explain why niche or thinly traded products can surprise you with wide bid ask spreads and why limit orders and smart timing help you avoid paying extra on execution.

Taxes matter, and ETFs can shine in taxable accounts. We discuss how mutual funds pass through capital gains at year-end, while ETFs typically minimize them. You’ll hear a real-world example of using appreciated ETF shares for charitable giving to avoid gains, preserve a deduction, and sidestep an upcoming capital gains distribution by donating before the ex-dividend date. We also touch on why we favor ETFs over exchange traded notes for core equity exposure, given ETNs’ issuer credit risk and potential extra fees.

If you want lower costs, tighter control over execution, and fewer tax surprises, this guide will help you build a cleaner ETF lineup. Follow the closing checklist—match the right index, confirm reasonable fees, ensure good volume, and keep market price close to NAV—and you’ll avoid the most common pitfalls. Enjoyed the breakdown? Follow the show, share this episode with a friend who invests, and leave a quick review to tell us your favorite ETF screen.

Retirement Reset: Maxing 401(k)s, Smart Withdrawals, And The New Rules

Thu, 27 Nov 2025 10:00:00 -0600

Big changes are here for savers and retirees, and they’re easier to navigate than you think. We walk through the 2025 retirement reset with clear contribution limits, what the super catch-up really means for ages 60 to 63, and how to balance Roth and pre-tax choices without leaving money on the table. You’ll hear a grounded view on returns going forward—why large-cap U.S. stocks may sit closer to 4.5 to 6 percent and why bonds finally deserve a seat back at the table with 4 to 5 percent potential.

From there, we get practical about turning portfolios into paychecks. The classic 4 percent rule still works as a starting point, but inflation and volatility call for guardrails. We outline flexible withdrawal tactics, cash and short-bond buffers, and how to avoid selling stocks in a downturn. If you’re retiring early or bridging to Medicare, we share ways to pace withdrawals without blowing up your plan.

We also break down Social Security decisions with the latest COLA, rising Medicare premiums, and a realistic break-even window in the mid-to-late 70s. If longevity runs in your family, delaying can pay off; if you’re not working, you may blend strategies to manage taxes and risk. To wrap, we give you a no-nonsense year-end checklist: bump savings by one to two percent, rebalance from winners to laggards, verify your Social Security earnings, and right-size your emergency fund to today’s expenses.

If this helped you reset your plan, follow the show, leave a quick review, and share it with a friend who needs a 15-minute financial tune-up.

The $10,000 Question: Save, Invest, or Pay off Debt

Thu, 20 Nov 2025 15:00:00 -0600

A surprise $10,000 can feel like a gift and a puzzle at the same time. Do you save it, invest it, or wipe out debt? We break the decision down with real numbers, simple rules, and the human factors that make money choices stick, so you can act with clarity instead of guesswork.

We start by using interest rates as the compass. With forward-looking return estimates around five to six percent for a balanced portfolio, many debts at eight to eighteen percent are hard to beat. You will hear why high-rate credit cards should be paid off first, why carrying a balance does not boost your credit score, and how eliminating interest is a guaranteed return that frees cash flow and lowers stress. Then we step into a nuanced case: a 60-year-old with a 4 percent car loan and three years left. On paper, investing can edge out early payoff. In real life, the emotional ROI of fewer bills, simpler budgets, and pre-retirement calm can matter more than a few extra dollars of expected growth.

We also map out a practical decision tree: above 6.5 percent, prioritize payoff; below 4 percent, choose based on goals and risk; in the 4 to 6.5 percent band, let context guide you. Emergency funds, income stability, and upcoming expenses can tilt the scales. And if you hold a mortgage under 3.5 percent, we explain why preserving liquidity and investing may outscore prepayment, especially when tapping home equity later could cost six to seven percent. Throughout, we stress the sleep-at-night premium: that mix of certainty, control, and confidence that turns a good financial move into a sustainable habit.

If you found this helpful, follow the show, share it with a friend who just got a bonus, and leave a quick review to help others find clear, calm guidance for their next money decision.

Rethinking Retirement Rules: Withdrawal Rates and Flexible Spending

Thu, 13 Nov 2025 11:00:00 -0600

The goal isn’t a magic number—it’s a plan that bends without breaking. We take a hard look at the classic 4 percent rule and explain why a pencil, not a tattoo, belongs next to your withdrawal rate in today’s world of longer lifespans, persistent inflation, and shifting market cycles. Instead of chasing certainty, we build a system: a clear baseline for essentials, a flexible band for discretionary spending, and simple guardrails that tell you when to adjust.

We unpack how the original study assumed a 50-50 U.S. portfolio and higher bond yields, and why those inputs may not hold for the next 30 years. From there, we map a practical range—roughly 3.5 to 5 percent—based on your asset mix and risk tolerance. If markets drop 20 percent, trim withdrawals about 10 percent to protect the plan; if markets rise 20 percent, allow measured increases to fund travel, a car upgrade, home projects, or gifts to family. This approach reduces panic decisions, keeps lifestyle creep in check, and helps you enjoy the good years without putting the bad years on a credit card.

We also tackle the costs people forget: annual insurance, property taxes without escrow, the hot water heater that dies at the worst time. By separating needs from wants and aligning needs with a 4 percent baseline, you get clarity. By scheduling periodic reviews, you recalibrate as markets and life change—raising the baseline when sustained gains support it, or tightening temporarily after heavy withdrawals in weak markets. Retirement planning becomes personal, responsive, and resilient.

Ready to stress-test your number and set smart guardrails? Follow the show, share this episode with someone planning their retirement, and leave a review with the one question you still have about sustainable withdrawals.

Financial FOMO’s Hidden Costs And How To Reclaim Your Money

Fri, 07 Nov 2025 10:00:00 -0600

The fastest way to lose your financial footing is to chase someone else’s life. We pull back the curtain on financial FOMO—why comparison warps judgment, how hype hides risk, and what it really costs to keep up with curated feeds, trendy purchases, and hot stock tips. Drawing on hard-won lessons from private banking, we unpack the “big hat, no cattle” problem: high incomes paired with high debts and very little true wealth. The images look impressive; the balance sheets tell another story.

From retirees eyeing RVs they won’t use to investors tempted by message-board momentum, we explore how to spot lifestyle mismatches and promotional noise before they drain your energy and your cash. You’ll learn simple, durable guardrails: ask basic questions about profits and customers, set a written investment policy, and resist becoming exit liquidity for someone else’s hype. More importantly, we show how to replace the anxiety of missing out with the joy of missing out—protecting the people, routines, and small luxuries that actually make your days better.

This conversation is a practical guide to designing a values-first budget. Start by naming what you love—golf, fishing, tennis, Mahjong, community theater, unhurried dinners—and protect that spending. Then prune the rest: unused subscriptions, status upgrades, and impulse buys that don’t serve your life. Peace of mind follows when your plan funds what matters, your emergency buffer is real, and your calendar still has room for date night. The win is not the flash; it’s the freedom. If that resonates, hit follow, share this with a friend who needs it, and leave a quick review to help more listeners trade FOMO for contentment.

How To Cut Medicare Drug Costs Without Sacrificing Care

Thu, 23 Oct 2025 10:00:00 -0500

The price you pay at the pharmacy isn’t just about the drug—it’s about the plan, the pharmacy network, and the rules hidden in the fine print. We break down a simple, repeatable method to shop Medicare Part D so you protect access to your doctors and treatment while cutting real costs. With Medicare’s new $2,000 out-of-pocket cap, the math changes: premiums and pharmacy choice now drive your savings more than fear of runaway brand-name bills.

We walk through Medicare.gov step by step—creating your account, reviewing your medication history, and adding every pharmacy you actually use, from your local favorite to the chain near your vacation home. You’ll learn how to identify preferred pharmacies, interpret plan deductibles that often bypass generics, and compare total annual cost, not just the monthly premium. Along the way, we share client stories that show how zero-premium plans can deliver $0 copays on key generics and how pairing Part D with Mark Cuban’s Cost Plus Drugs can slash prices on certain fills without sacrificing convenience.

If you rely on insulin or name-brand medications, you’ll hear how to prioritize plans that price your specific drugs best, why star ratings matter for service and fewer headaches, and the easiest way to enroll online. We also cover pro moves like setting premiums to auto-deduct from Social Security to avoid missed payments and ensuring your new card is on file before January 1 so refills don’t stall. It’s a clear, calm guide for you and the loved ones you help—because the right plan isn’t the cheapest on paper, it’s the one that fits your real life.

If this helped, follow the show, share it with someone who needs it, and leave a quick review to help others find practical Medicare guidance.

Quarter-Four Checkup: Budgets, Benefits, and a Smarter Portfolio

Thu, 16 Oct 2025 10:00:00 -0500

Year-end can either drain your wallet or sharpen your plan. We chose the latter and mapped out a clear, 15-minute money tune-up you can run before the holidays hit full speed. We start with practical steps to tame seasonal spending—set a simple gift cap, try a family name-draw, coordinate with grandparents, and lock in travel numbers—so December doesn’t turn into a last-minute splurge-fest. With your holiday budget set, we pivot to boosting savings the smart way: adjust 401(k) contributions after pay changes, consider Roth options for tax flexibility, and automate a Roth IRA so you’re not scrambling at tax time.

Markets have been strong, which makes rebalancing more important, not less. If large-cap growth has crept beyond your target, we explain how to trim gains and add to value or international to keep risk in check. Nearing retirement? Bonds aren’t just ballast anymore. With yields back, fixed income can provide income and act as a shock absorber when stocks get jittery. We share a practical guideline for increasing bond exposure as retirement approaches and how to tailor it to your timeline and withdrawals.

Open enrollment is your once-a-year chance to upgrade benefits. We break down the high-deductible health plan plus Health Savings Account combo, the triple tax advantages, and a strategy to invest HSA dollars for those expensive pre-Medicare years if you want to retire early. We also cover using up FSA balances on preventive care you might be delaying. To wrap, we streamline your financial footprint: consolidate old 401(k)s, reduce logins, and manage every account under one unified allocation so your portfolio works as a single, coherent plan.

If this helped you steady your year-end money plan, follow the show, share it with a friend who needs a nudge, and leave a quick review—tell us the first task you’re tackling today.

From Match to Millions: A Practical Guide to 401(k), Vesting, and Roth Strategy

Wed, 08 Oct 2025 10:00:00 -0500

Pensions are fading, and the 401(k) is now the primary engine for a real retirement paycheck. We unpack what that shift means for your money, from how much to save to which account type—pre-tax or Roth—gives you the most control over future taxes. We start by challenging the “save to the match” mindset and show why 15% is a more reliable target for long-term security, especially if you didn’t start in your early twenties.

We dig into the fine print that quietly costs people thousands: vesting schedules and small-balance cash-outs when changing jobs. You’ll learn how to time career moves so you keep employer dollars, and how to roll old 401(k)s in minutes instead of paying taxes and penalties on a forced distribution. Then we get practical about investing inside the plan—when a target-date fund is “good enough,” what to check for (fees, glide path, risk), and how to build a simple, low-cost, diversified mix if your default option isn’t pulling its weight.

The conversation peaks with the Roth 401(k), a standout strategy for younger and higher-earning listeners who want tax-free income later. We clear up the biggest myth—there’s no income limit for Roth 401(k) contributions—and walk through how employer money differs from yours at tax time. With current contribution limits of $23,500 under 50 (plus $7,500 catch-up if you’re 50+), we lay out step-up tactics to reach 15% without shocking your budget. By treating your 401(k) like your future paycheck, and combining smart savings, vesting awareness, clean rollovers, and tax-savvy investing, you’ll build a plan that compounds quietly and pays loudly.

If this helped, follow the show, share it with a friend who needs a nudge on their 401(k), and leave a quick review so others can find it. Your future self will thank you.

Shutdown Showdown, Simplified

Thu, 02 Oct 2025 10:00:00 -0500

Panic sells, but context pays. We break down the latest “shutdown showdown” and strip it to the essentials: what actually stops, what keeps going, and how the market usually behaves when politics hog the headlines. From national parks and TSA lines to passport and IRS delays, we map the real-world annoyances you might feel—then zoom out to the history that shows why short shutdowns rarely leave lasting marks on your portfolio.

We walk through the counterintuitive market moves you might see—like Treasuries rallying as investors seek safety—while stocks get choppy and volatility jumps. More importantly, we share a practical investor playbook that replaces guesswork with guardrails: keep a cash buffer for near-term needs, stick to your long-term allocation, automate contributions and rebalancing, and resist the urge to trade on political predictions. Washington’s timeline is messy and nonlinear; markets usually price the drama before most people can react, which makes knee-jerk decisions costly.

If shutdown headlines have you on edge, you’ll leave with clarity and a calmer plan. Hold your ground, focus on what you can control, and let your process do the heavy lifting while the news cycle spins. If this helped steady your nerves, share it with someone who’s doomscrolling and needs a reset. Subscribe, leave a quick review, and tell us: what headline tempts you to hit the sell button?

Tax-Smart Retirement: Choosing Between Roth and Traditional Accounts

Thu, 25 Sep 2025 10:00:00 -0500

Ready to optimize your retirement savings strategy? Let's clear up some confusion about Roth vs. Traditional retirement accounts that might be costing you thousands in future tax benefits.

First, let's bust a common myth: there are NO income limits for Roth 401(k) contributions! While Roth IRAs do have income restrictions, your salary never disqualifies you from making Roth 401(k) contributions if your employer offers this option. And starting next year, highly-compensated employees over 50 will need to make their catch-up contributions as Roth.

Traditional accounts give you an immediate tax break by reducing your taxable income now, with taxes due on both contributions and earnings when you withdraw in retirement. Roth accounts offer no immediate tax deduction, but qualified withdrawals in retirement—including decades of compound growth—come out completely tax-free.

For early-career savers, I generally recommend Roth contributions regardless of income. The power of tax-free compounding over 30-40 years typically outweighs immediate tax savings. Mid-career professionals face a more nuanced decision based on current tax situations and future tax rate expectations. Pre-tax contributions can strategically keep your income below thresholds for valuable tax benefits like the expanded SALT deduction or child tax credits. Meanwhile, Roth IRAs offer a hidden emergency fund feature—you can withdraw contributions (not earnings) anytime without penalties.

Running scenarios through tax software can help quantify the difference between these options for your specific situation. But remember, while saving strategically matters, I've never met anyone who regretted saving too much for retirement—just don't forget to enjoy life with loved ones along the way!

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Breaking Free from Financial FOMO

Thu, 18 Sep 2025 10:00:00 -0500

Ever find yourself feeling financially inadequate after scrolling through social media? You're not alone. Financial FOMO—the fear of missing out when comparing your money situation to others—affects nearly everyone, but it can lead to decisions that derail your financial future.

As we explore in this episode, humans are naturally wired to compare ourselves against others. The problem intensifies with social media, where we only see the highlight reels—the new cars, fancy vacations, and investment wins—without glimpsing the complete financial picture beneath the surface. What looks like success might actually be hiding massive debt, empty bank accounts, or financial anxiety.

I share my personal experience with financial peer pressure: backing out of buying a practical minivan because someone made fun of me, only to regret it for years afterward. This story illustrates how allowing others' opinions to influence our financial decisions often leads to choices that don't align with our actual needs and values. The question isn't "What do others have that I don't?" but rather "What do I truly want and need?"

To combat financial FOMO, try these practical strategies: limit your social media scrolling, celebrate your own financial milestones (like paying off debt), automate your savings and investments, and find your "money tribe"—people who share your financial values and priorities. Remember, when you see someone's flashy purchases online, you're only seeing the tip of the iceberg, not the potential financial stress hidden beneath.

Your financial journey is yours alone. Focus on your own scorecard and make your own garden grow. What financial goals are you working toward that matter to YOU?

The Hidden Costs of Medicare: What Every Retiree Needs to Know

Thu, 28 Aug 2025 12:00:00 -0500

The healthcare landscape changes dramatically when you hit retirement age, and Medicare—that government program you've been paying into for decades—finally becomes available. But is it really the free healthcare solution many Americans believe it to be? In this illuminating episode, we unpack the reality behind the Medicare system and what it actually costs retirees.

Many approaching retirement assume Medicare will eliminate their healthcare expenses, but the truth is far more complex. We break down each component of Medicare—from premium-free Part A (hospital coverage) with its surprising $1,600 per-stay deductible to Part B's monthly premiums of $175 for doctor visits and medical tests. You'll learn why Medicare Part C (Advantage Plans) might seem attractive with added vision and dental benefits but could ultimately restrict your healthcare choices, and why traditional Medicare with a supplement plan offers more comprehensive coverage despite higher upfront costs.

The financial reality is sobering: even with Medicare, retirees should budget $6,000-$10,000 per person annually for healthcare expenses. This includes premiums, deductibles, and costs for services Medicare doesn't cover like comprehensive dental, vision, and hearing care. We share practical strategies for managing these expenses, including leveraging HSA accounts from your working years to cover Medicare premiums tax-free, and why coordinating your Social Security start date with Medicare enrollment can simplify premium payments.

Don't get caught unprepared by Medicare's complexities. Whether you're approaching retirement or helping aging parents navigate their healthcare options, this episode provides the clear, straightforward guidance you need to make informed decisions. And remember to review your coverage during the annual open enrollment period from October through December 7th—even if you're satisfied with your current plan, as benefits and networks frequently change.

The Hidden Danger of Lifestyle Creep

Fri, 22 Aug 2025 15:00:00 -0500

Ever wonder why that big raise or promotion didn't actually change your financial situation? The culprit might be what financial experts call "lifestyle creep" – the gradual elevation of spending habits that silently consumes increased income before it can build your wealth.

In this focused financial guidance session, we examine how even six-figure earners find themselves living paycheck to paycheck due to incremental lifestyle upgrades. Those seemingly minor changes – switching from home-cooked meals to frequent takeout, upgrading from budget vacations to luxury resorts, or adding multiple streaming services – collectively create a significant drain on financial resources. I share a revealing conversation with a friend spending thousands monthly on meal delivery services while simultaneously seeking financial advice, highlighting how awareness doesn't always translate to action.

The antidote to lifestyle creep isn't deprivation but deliberate decision-making. I recommend comparing current spending against statements from two years ago to identify inflation in personal expenses, and suggest following a modified 50-30-20 rule when handling raises: limit lifestyle increases to just 30% of new income while directing the remainder toward savings and investments. Building real wealth doesn't come from earning more – it comes from keeping more of what you earn. Try this practical challenge: when you receive your next raise, maintain your current lifestyle for a full month and experience how it feels to have that extra money accumulating rather than disappearing. Then make intentional choices about where that money should go for maximum long-term benefit.

Remember that today's financial discipline creates tomorrow's freedom. Small, consistent actions to combat lifestyle creep will compound over time, allowing your future self to enjoy genuine financial security rather than just an upgraded version of paycheck-to-paycheck living. What could your financial future look like if you kept more of each raise you earned?

Decoding the One Big Beautiful Bill Act: Tax Changes You Need to Know

Thu, 14 Aug 2025 11:00:00 -0500

Navigating the tax maze just got a little more interesting with the passage of the One Big Beautiful Bill Act. Despite headlines suggesting "tax-free Social Security," the reality offers different but substantial benefits for various groups of Americans.

Seniors aged 65 and older can now claim an additional $6,000 deduction ($12,000 for married couples) regardless of whether they itemize or take the standard deduction. This benefit applies even if you haven't started taking Social Security yet, though it phases out for higher-income households. Meanwhile, service industry workers rejoice – tip income can now be excluded from taxable income below certain thresholds, potentially saving servers and other tipped professionals thousands in taxes annually. The SALT deduction cap jumps from $10,000 to $40,000 for most taxpayers, though the marriage penalty remains firmly in place with couples limited to the same $40,000 cap as singles.

Car buyers will appreciate the new deduction for up to $10,000 in auto loan interest, while charitable givers face a mixed bag of changes – non-itemizers can deduct $1,000-$2,000 in donations starting next year, but itemizers lose deductibility on their first 0.5% of income donated. Each provision comes with different income limitations based on adjusted gross income, creating planning opportunities for those near these thresholds. Consider strategies like increased retirement contributions or qualified charitable distributions to optimize your position under these new rules.

Most Americans will see lower tax bills in the coming three years, but remember – in taxation, "permanent" rarely means forever. As administrations and priorities shift, so too will the tax landscape. Listen now to understand how these changes affect your financial picture and what proactive steps might save you money before filing season arrives.

Breaking Down The “One Big Beautiful Bill Act”: Impact Of New Laws On Tax Planning Summary

https://www.kitces.com/blog/obbba-one-big-beautiful-bill-act-tax-planning-salt-cap-senior-deduction-qbi-deduction-tax-cut-and-jobs-act-tcja-amt-trump-accounts/

Time Is Your Best Investment: How Early Saving Creates Future Options

Fri, 08 Aug 2025 14:00:00 -0500

Ever felt paralyzed by not knowing exactly what financial goals to set for your future? You're not alone. This episode tackles the common dilemma many young professionals face: how to save for a future you can't yet envision.

Drawing from personal experience, I share how my husband and I discovered our love for Colorado's mountains later in life – a passion we couldn't have predicted in our twenties. Had we waited until identifying this specific goal before saving, our mountain property dream would have remained permanently out of reach. The lesson? Start saving now, even without specific targets.

The episode reveals what I consider the ultimate saving hack: when you receive significant pay increases early in your career, resist dramatically changing your lifestyle. Make reasonable upgrades to safety and reliability, but otherwise maintain modest living standards and invest the difference. This approach creates remarkable financial flexibility by your 50s – options like early retirement, vacation homes, helping your children financially, or pursuing passions you haven't yet discovered.

We also explore smarter consumption decisions, like our choice to rent boats occasionally rather than purchase one despite owning "everything for a boat except the boat." Having savings gives you the luxury of thoughtful consideration rather than impulsive decisions. Plus, financial security significantly reduces relationship tensions, as money ranks as the number one source of conflict among couples.

Time truly is your greatest investment ally – the power of compound interest over decades makes starting early crucial. Don't let uncertainty about specific goals prevent you from saving. Begin now, invest consistently, and create options for a future self you haven't even met yet.

The Retirement Budget Myth

Thu, 10 Jul 2025 12:00:00 -0500

Freedom requires a plan, especially in retirement. The myth that retirees can abandon budgeting once they stop working creates unnecessary financial stress and can threaten long-term security. As a financial planner, I've seen how the right approach to retirement spending creates confidence, reduces anxiety, and actually encourages enjoyable spending.

When your income no longer arrives automatically through a paycheck, understanding your cash flow becomes even more critical. Retirement brings changing expenses - from healthcare costs to dream vacations - while inflation and longevity risk add complexity to financial planning. The good news? Retirement budgeting doesn't mean restriction; it means clarity and purpose.

The most effective retirement spending plans categorize expenses as fixed (housing, insurance, utilities) and variable (travel, hobbies, gifts). Match guaranteed income like Social Security to your essential expenses, while using investment growth for discretionary spending during favorable market conditions. Track your spending for a couple months, create a simple one-page budget, and review it quarterly. This approach provides the freedom to spend confidently on what matters most to you.

My favorite moments as a financial advisor come when I can encourage well-prepared clients to spend more money in retirement. With a solid foundation and clear understanding of your financial boundaries, you can travel, pursue hobbies, support family, and live generously without constant worry. Ready to build a retirement budget that enhances rather than restricts your lifestyle? Let's talk about how a thoughtful financial plan can help you enjoy the retirement you've worked so hard to achieve.

The Four Paths for Your Old 401(k): Smart Choices for Retirement Security

Thu, 03 Jul 2025 12:00:00 -0500

Have you ever left a job and forgotten about your retirement plan? You're not alone. A staggering $1.3 trillion sits in over 25 million abandoned 401(k) accounts across America. That's literally like walking away from your paycheck when you exit the building!

Today I'm breaking down your four options for those old retirement plans, whether they're 401(k)s or 403(b)s. You can leave the money where it is (if you have over $7,000 in the account), which might work well if your former employer offered solid low-cost options. But let's be honest – out of sight often means out of mind, and these accounts frequently end up neglected.

Rolling your old plan into your current employer's 401(k) keeps everything in one place, making it easier to manage alongside your current contributions. This strategy also preserves your ability to make backdoor Roth IRA contributions if your income exceeds the normal limits. Alternatively, you could roll the funds into an IRA for potentially greater investment flexibility, though this might come with higher costs than employer plans. And while you can move traditional IRA money back into a 401(k) later, curiously, you can't do the same with Roth IRA funds.

The fourth option – cashing out – should generally be your last resort. Between regular income taxes and the 10% early withdrawal penalty, you could easily lose 25-30% of your money immediately. Imagine cashing out $50,000 while earning $75,000 – suddenly your taxable income jumps to $125,000, creating a potential tax nightmare!

When deciding what to do with your old retirement accounts, consider fees, investment options, whether you might need to access the money through loans, and the mental clarity that comes from consolidation. Don't become part of that $1.3 trillion in forgotten funds! Review your accounts annually, maintain your online access, and ensure your hard-earned retirement savings keep working for your future.

Beyond the Magic Number: Understanding Retirement as a Timeline

Thu, 26 Jun 2025 10:00:00 -0500

Ready to rethink everything you thought you knew about retirement planning? Forget the simplistic "magic number" approach—retirement is actually a timeline that could span 25, 30, or even 40 years of your life.

Most retirees follow a predictable spending pattern: those first golden years tend to be surprisingly expensive as you finally tackle bucket list dreams and long-postponed projects. That European vacation? Kitchen renovation? Workshop in the backyard? They all happen early, creating a significant upfront expense. Then spending typically levels out before rising again in later years as healthcare needs increase. This timeline perspective transforms how we should prepare financially.

For those already approaching retirement, I break down the essential three-bucket strategy: your spending bucket for immediate needs, your income bucket generating regular returns, and your growth bucket fighting inflation over decades. Without proper growth investments, your retirement income won't keep pace with rising costs. Younger listeners facing student loans and other debts shouldn't be discouraged by seemingly impossible retirement targets. Start small by focusing on replacing just one year of income at a time.

I also bust a persistent myth that drives me crazy: carrying credit card balances does NOT improve your credit score! Paying in full each month while maintaining low balance-to-limit ratios actually creates better credit outcomes without wasting money on interest.

The power of compound interest means your initial savings efforts will eventually be dwarfed by your money making money. But you have to start somewhere. Whatever financial mistakes you've made, stop digging that hole today. We can't change the past, but better decisions now create a more secure tomorrow. Ready to reimagine your retirement journey?

The Power of 1%: Tiny Money Moves That Compound Big

Fri, 20 Jun 2025 11:00:00 -0500

Forget waiting for the perfect financial opportunity. Everyone dreams of having bought Apple stock in 2004 or finding that perfect house at the perfect price, but real wealth isn't built through home runs – it's created through consistent singles.

After working with hundreds of millionaire-next-door retirees, I've discovered their secret isn't spectacular investing wins but small, incremental improvements that compound dramatically over time. This power of 1% works universally, whether you're just starting your career or already enjoying retirement.

For younger investors, increasing your 401k contribution by just 1% creates minimal budget impact now but massive retirement benefits later. On a $60,000 salary, that's only $50 monthly that could grow to $50-60k by retirement. Already maxing retirement accounts? Consider canceling one streaming service ($10-15/month) and redirecting those funds to a Roth IRA. Another overlooked opportunity: move your emergency fund from a traditional bank to a brokerage firm's money market account earning 4%+ interest – potentially generating hundreds in passive income annually from money that was sitting idle.

Retirees benefit equally from the 1% approach. Reducing portfolio withdrawals by just 1% keeps more money invested and growing. Those 70½ or older can optimize charitable giving through Qualified Charitable Distributions directly from IRAs, maintaining generosity while eliminating taxes on those distributions.

Think of financial wellness like physical fitness – consistency trumps intensity. What will your 1% improvement be this month? That single small step might just transform your financial future. The journey to financial freedom isn't about swinging for the fences – it's about showing up daily and moving consistently in the right direction.

Fun Funds: How to Enjoy Summer Without Breaking the Bank

Thu, 29 May 2025 10:00:00 -0500

Summer should bring joy, not financial stress. Yet most Americans find themselves spending an extra $2,000 during these sunny months—not on planned vacations, but on the accumulation of small expenses that quickly snowball.

In this practical financial guide, we dive into the major "summer budget busters" that threaten your financial health: unexpected travel costs, children's activities while school's out, skyrocketing utility bills, and the constant stream of social events. Rather than avoiding summer fun altogether, I share actionable strategies to plan ahead and create what I call a "Fun Fund"—a dedicated savings approach that allows for spontaneity without the regret of post-summer credit card debt.

Discover creative alternatives that maximize enjoyment while minimizing costs. From community concerts and strategic potlucks (like my friend's brilliant paella party solution) to house-swapping and becoming a tourist in your own region, there are countless ways to create meaningful summer experiences without breaking the bank. I challenge listeners to try the "$100 weekend" competition with friends—who can create the most memorable experience on a limited budget?

The key takeaway isn't about spending less; it's about spending smarter. By planning ahead, focusing on value rather than cost, and being intentional with your summer dollars, you can create lasting memories without the financial hangover. Because your summer experiences will be much sweeter without a lingering credit card balance following you into fall. Ready to transform your approach to summer spending? Listen now and set yourself up for both fun and financial health this season.

The Market Is Not a Mood Ring: Finding Calm in Financial Turbulence

Thu, 22 May 2025 10:00:00 -0500

When markets take a nosedive, does your anxiety spike? In this enlightening episode of Better Financial Health in 15 Minutes or Less, we tackle the question every investor faces during turbulent times: should you worry when the market dips, or should you just chill?

The answer might surprise you. Drawing on decades of market history, I explain why corrections (10% drops) happen approximately every 18 months, yet only two out of ten years typically end with negative returns. This disconnect between how markets feel and how they actually perform over time creates a psychological challenge for even the most disciplined investors.

We explore the dramatic case study of 2020's market—starting strong with nearly 5% gains, plummeting 34% during the COVID panic, yet finishing the year up an impressive 18%. This roller coaster perfectly illustrates why making emotional decisions during market downturns can derail otherwise solid financial plans. I share a real client example of how patience during market turbulence not only preserved wealth but created unexpected opportunities for enjoyment later.

Most importantly, you'll learn a practical framework for assessing whether market anxiety should trigger action. Has your time horizon changed? Has your risk tolerance shifted? Do you need the invested money within five years? If not, the best move is often no move at all. Remember my favorite saying: "The market is not a mood ring." It doesn't reflect our daily emotions, and successful investing requires looking beyond temporary fluctuations toward your long-term financial goals.

Ready to transform your relationship with market volatility? Listen now and discover how to find calm amidst financial turbulence. Share this episode with someone who might be feeling market anxiety—they'll thank you when the inevitable recovery arrives!

Protecting Your Summer Plans: Avoiding Travel Booking Scams

Thu, 15 May 2025 10:00:00 -0500

Ready for summer vacation? So are scammers. This episode tackles the sophisticated travel booking scams that peak between April and July, threatening to turn your dream getaway into a financial nightmare.

Discover how fraudsters create convincing replicas of trusted sites like Airbnb, VRBO, and major travel booking platforms. We expose their tactics—from urgency-creating emails to fake listings with copied photos—and provide practical safeguards anyone can implement. The simple 60-second check I share could save your entire vacation and thousands of dollars.

We explore the red flags that signal potential fraud, like requests for gift card payments or wire transfers instead of credit cards. Learn why booking directly through official websites by manually typing URLs offers crucial protection, and why performing reverse image searches on property photos could reveal scams before you lose money.

This episode provides special guidance for protecting vulnerable populations, particularly older adults who may not recognize subtle differences between legitimate and fraudulent websites. The practical strategies shared work for both domestic and international bookings, ensuring you can enjoy wonderful vacation experiences while avoiding the increasingly sophisticated scams targeting travelers.

Take a moment to share this episode with friends and family planning summer trips—especially those who might be more vulnerable to these schemes. And remember: if a travel deal seems too good to be true, it probably is. Subscribe for more practical financial protection strategies delivered in 15 minutes or less!

The Hidden Cost of Convenience

Thu, 08 May 2025 10:00:00 -0500

Ever wondered why your bank account seems to drain faster than it should? The culprit might be hiding in plain sight—those "convenient" auto-pay subscriptions.

Today I dive into the sneaky world of subscription price creep, where that $50 internet bill quietly becomes $90, and that $10 car wash membership quadruples after the promotional period ends. Companies like Xfinity/Comcast have mastered the art of the promotional rate bait-and-switch, counting on our busy lives and inattention to boost their profits at our expense.

The problem isn't just limited to streaming services—though Netflix has certainly had its share of price hikes. The issue extends to internet providers, cell phone plans, gym memberships, newspaper subscriptions, and even car wash services. These companies typically notify you of price increases on the same day they debit your account, giving you virtually no time to respond before the money's gone.

The good news? You don't have to be a victim of this corporate strategy. I share my personal experiences with Sirius XM and The New York Times, where simply calling to cancel resulted in maintaining my original promotional rate. The key is vigilance—setting calendar reminders for when promotional periods end, regularly reviewing your statements, and being willing to make that five-minute phone call that could save you hundreds of dollars annually.

Take the 30-minute challenge this weekend: audit your subscriptions, identify the price creepers, and renegotiate your rates. Then share how much you saved by commenting on our social media. Your wallet will thank you, and you might just inspire others to reclaim their financial power from subscription creep.

Save Money and Beat Inflation

Thu, 01 May 2025 10:00:00 -0500

Rising prices at the grocery store got you down? You're not alone. The good news is that the arrival of spring and summer offers perfect timing to adopt some practical strategies that can help you combat inflation while actually improving your diet.

Local food sources are your secret weapon in the battle against high prices. Farmer's markets are springing up everywhere, offering fresh produce that hasn't traveled thousands of miles to reach your table. Roadside farm stands provide another alternative, typically offering better prices than supermarkets for just-picked fruits and vegetables. The nutritional benefits are substantial too – study after study confirms that less processed food leads to better health outcomes. Who doesn't want to save money while getting into better shape for summer?

Growing your own food might sound intimidating, but starting small with herbs or a few vegetable plants can be surprisingly affordable and satisfying. Seeds cost mere pennies compared to store-bought produce, and there's nothing quite like harvesting something you've grown yourself. I've noticed more friends raising backyard chickens lately too – fresh eggs with deeper yellow yolks and better flavor, often at lower cost than store prices. Did you know unwashed eggs don't even need refrigeration? Just one of many food facts that can change how you shop and save.

Modern couponing has evolved. Forget clipping paper – digital discounts through apps like Kroger's or Amazon Prime (for Whole Foods) offer substantial savings with minimal effort. The key is buying only what you actually need when it's on sale, rather than purchasing unnecessary items. And don't underestimate the financial impact of bringing lunch from home instead of eating out. These small changes add up to significant savings over time.

Financial markets, like gardens, have their seasons of growth and dormancy. As we weather current economic uncertainties, remember that patience is essential. Some days are sunny, others cloudy – the key is maintaining perspective and staying the course. Want more practical financial wellness tips delivered in 15 minutes or less? Subscribe to Better Financial Health for weekly insights that help you thrive no matter what the economy throws your way.

Market Mayhem: The Impact of Tariffs, Politics, and Fed Independence

Thu, 24 Apr 2025 10:00:00 -0500

The financial markets have been experiencing dramatic swings lately, leaving many investors confused and concerned. What's driving this volatility? It all started when comments about potentially firing Federal Reserve Chairman Jerome Powell sent markets tumbling, highlighting the critical importance of Fed independence in our financial system.

At the heart of this turmoil lies a fundamental tension between politics and economic policy. The Federal Reserve operates with a dual mandate - maintaining full employment while controlling inflation. Since recognizing inflation wasn't just a temporary post-pandemic phenomenon, the Fed has aggressively raised rates, creating friction with an administration concerned about consumer costs. This standoff between government priorities and central bank independence has markets on edge.

Proposed tariffs have further complicated the situation. While the idea of manufacturing more products domestically sounds appealing, the reality is more complex. Many goods are imported because they're produced more cost-effectively overseas, even after shipping costs. Some products - from semiconductors to certain agricultural goods - simply can't be manufactured domestically at the scale we need. Our global supply chains have evolved to optimize efficiency and keep consumer costs down. Disrupting these networks through significant tariffs would ultimately function as another tax on consumers, driving prices higher at a time when many households are already feeling financial pressure.

The market's wild swings reflect this uncertainty. As headlines change and statements get walked back, prices fluctuate dramatically. The wisest approach? Don't get caught in the daily noise. Markets react and overreact to news, often reversing course quickly as new information emerges. Focus instead on your long-term financial goals and remember that throughout history, markets have always faced periods of uncertainty - and have consistently demonstrated resilience over time. Have questions about how these economic forces might affect your financial plan? Reach out today for a conversation about navigating these challenging times with confidence.

Waves of Uncertainty: Finding Calm in Financial Turbulence

Mon, 07 Apr 2025 17:00:00 -0500

Market turbulence can shake even the most steadfast investors, and the recent plunge triggered by Trump's tariff announcements has certainly tested our collective financial resolve. What began as market jitters has escalated into a significant correction, erasing twelve months of gains in mere days. The unexpected breadth of these tariffs—targeting not just trade adversaries but allies like Canada, Japan, and Mexico—has created widespread concern about their impact on global supply chains and consumer prices.

When markets plummet 10% in two days, our natural human tendency is to project that downward trend indefinitely into the future. Yet this psychological quirk rarely serves us well in financial decision-making. History consistently demonstrates that market overreactions create opportunities for disciplined investors. Whether we look back to Black Monday in 1987, the financial crisis of 2008-2009, or the pandemic-induced crash of 2020, the pattern remains remarkably consistent—those who maintained their positions and continued investing during downturns were rewarded within a year's time.

The real-world implications of these tariffs extend far beyond abstract market indices. As The Wall Street Journal recently highlighted, the production cost of an iPhone could jump from $580 to nearly $900 under the proposed tariff structure. This stark example illustrates why investors are rightfully concerned. However, proper portfolio planning anticipates these market disruptions. For those taking regular distributions, funds were likely already secured in February, safely earning interest above 4% in money market accounts. Fixed income investments have actually appreciated as interest rates declined. And for taxable accounts, this volatility creates valuable tax-loss harvesting opportunities. Remember that worry has never improved a single investment outcome—your financial journey continues beyond this moment of uncertainty, just as ocean tides reliably return after receding from shore. What steps will you take to maintain perspective during this challenging market environment?

Dividing Assets in Divorce (Especially Retirement Assets) What you need to know!

Thu, 03 Apr 2025 10:00:00 -0500

Divorce is something nobody wants to contemplate when saying "I do," yet half of all marriages in America eventually dissolve. Even more concerning is the rising trend of "gray divorces" – couples separating after age 50 and decades of marriage when retirement assets are substantial and division becomes complex.

When marriages end after 25+ years, the financial untangling reaches a different magnitude of complexity. Retirement accounts that grew throughout your relationship must now be divided properly, or the consequences can haunt your financial future for decades. One misstep with a 401(k) division or pension split could cost tens of thousands in taxes, penalties, or lost assets.

The division process differs dramatically depending on the type of account. Employer plans require specialized Qualified Domestic Relations Orders (QDROs) that many attorneys handle incorrectly, while IRAs follow completely different "transfer incident to divorce" procedures. I walk through how to navigate these differences, sharing insider tips like using the templates major recordkeepers now provide to save thousands in legal fees and prevent costly errors. I also cover the crucial but often neglected post-divorce financial hygiene – updating beneficiaries, removing ex-spouses from accounts, and revising powers of attorney.

Whether you're facing divorce yourself or supporting someone who is, understanding these financial mechanisms can protect retirement security during an already difficult life transition. Check our Facebook page for downloadable checklists to share with your attorney and ensure nothing falls through the cracks during this critical financial restructuring.

Scared to Invest? Here's what should really worry you

Thu, 27 Mar 2025 09:00:00 -0500

Moving from Merely Fine to Truly Flourishing: A Guide to Intentional Living

Thu, 20 Mar 2025 10:00:00 -0500

What's the difference between living a "fine" life and truly flourishing? While many of us settle for "fine"—that comfortable state where everything's going well enough and we're just moving through the motions—there's something deeper available to us all.

This episode invites you to examine your calendar with fresh eyes. Which appointments energize you? Which commitments make you inwardly groan? By intentionally expanding activities that fill your heart with joy and purpose—whether that's quality time with loved ones, pursuing a forgotten hobby, or finally learning that skill you've always wanted to master—you begin the journey from merely existing to genuinely thriving.

Some flourishing activities might come with price tags, but here's where financial health intersects with personal wellbeing. Having specific flourishing goals makes it easier to redirect spending from momentary pleasures to experiences and pursuits that contribute to lasting fulfillment. In a world that often feels overwhelming and beyond our control, focusing on personal flourishing isn't selfish—it's necessary. When you cultivate your capacity to honestly answer "I'm great!" instead of the default "fine," you naturally become a positive light for others.

Ready to move beyond fine? Your flourishing journey begins with simple awareness and intentional choices. Subscribe now to continue exploring practical wisdom for better financial and personal health in 15 minutes or less!

Market Turmoil: Tariffs and Government Efficiency

Thu, 13 Mar 2025 10:00:00 -0500

Market turbulence has everyone on edge as tariffs and the new Department of Governmental Efficiency (DOGE) dominate headlines. While March inflation numbers showed modest improvement at 2.8% versus the expected 2.9%, the shifting landscape of potential tariffs—ranging from 10% to 50%—creates planning challenges for both businesses and consumers.

Those needing a new vehicle might want to shop current inventory, as even with deferred auto tariffs, the deeply intertwined supply chains connecting Mexico, Canada, and the US mean price uncertainty looms. Modern manufacturing reality means that "Made in USA" products often contain globally sourced components, and even companies wanting to reshore operations face significant implementation timelines measured in years, not months.

Despite these uncertainties, knee-jerk portfolio changes rarely serve investors well. The surprising outperformance of international developed markets over US stocks this year—contrary to what tariff fears might suggest—highlights the enduring value of global diversification. A well-constructed portfolio with exposure to US stocks (small and large), international markets, and safer assets like money markets or fixed income provides resilience against policy surprises.

DOGE's efficiency mission sounds appealing, but concerns grow about broad implementation without careful consideration of unintended consequences, particularly on essential services for vulnerable populations. Civic engagement through contacting representatives can help shape more thoughtful approaches to government reform.

Throughout these divisive times, remember that most Americans (over 80%) occupy the middle ground politically. By approaching differences with kindness and genuine curiosity rather than judgment, we maintain the connections that help us navigate uncertainty together. The volatility we're experiencing isn't permanent.

The Real Path to Wealth: Debunking Common Financial Myths

Thu, 06 Mar 2025 10:00:00 -0600

Dive deep into common financial myths that can keep you from achieving true financial wellness in today’s episode. We challenge the prevailing notion that only the wealthy can invest, illuminating how simple strategies, like consistent contributions to broad-based index funds, pave the way for anyone to accumulate wealth over time. In a world where TikTok stocks captivate many, it’s easy to confuse investing with gambling—a notion we clarify clearly.

Moreover, we dissect the idea that debt is inevitable. With a simple shift in habit—pretending you have debt and saving that amount—you can build a safety net for necessary purchases while avoiding future obligations. We also discuss how renting can sometimes be more economical than purchasing a home, particularly with fluctuating interest rates and insurance costs, proving that financial freedom comes from informed choices and adaptability.

Join us for this enriching conversation and discover how to take control of your financial future. Listeners will gain practical, actionable insights, and tips on creating a sustainable financial path. Don't forget to share your takeaways and subscribe for more financial wisdom!

Sneaky Expenses: How to Keep Your Budget Intact

Thu, 27 Feb 2025 15:00:00 -0600

Dive into a world where the smallest of expenses become the biggest threats to your financial health. Explore how hidden costs, from credit card fees to energy waste in your home, can silently deplete your budget in ways you never anticipated. In this episode, we unravel the intricate web of sneaky expenses and arm you with practical advice to combat them. You'll learn about the often-overlooked consequences of carrying even a small balance on your credit cards, leading to hefty interest charges that can eat away at your finances. We'll also discuss how your daily routines can inadvertently lead to inflated utility bills due to appliances that draw energy even when not actively in use.

The podcast encourages listeners to adopt easy yet effective strategies to minimize unnecessary costs, ensuring that your financial health remains strong. By being mindful of these hidden expenses and remaining vigilant against fraud, you can take significant steps towards better financial wellness. Join us for this insightful conversation and empower yourself to make smart financial decisions. Don’t forget to subscribe, share your thoughts, and leave a review!

Building a Strong Financial Partnership: Navigating Joint Finances and Retirement Planning

Thu, 13 Feb 2025 10:00:00 -0600

Navigating the financial landscape of marriage can be a complex journey, especially as Valentine's Day encourages reflections on partnerships. Join me, Stacey Hyde, as I recount my own experiences of merging finances with my husband during our early years, a decision that, though initially driven by necessity, proved to be an invaluable cornerstone for our financial success. This episode tackles the delicate dance between maintaining separate accounts and ensuring both partners have necessary access in critical times. Hear the real-life stories and lessons learned that highlight the importance of joint financial planning and preparedness.

As we unravel the intricate web of transitioning into retirement, I stress the necessity of re-evaluating financial strategies and ensuring seamless access for both partners. Through relatable anecdotes, including the struggles faced by a friend in the midst of her husband's health crisis, I emphasize the need for proactive measures like joint account ownership or Transfer on Death designations. Whether you're just starting out or approaching retirement, this discussion offers essential insights to help you and your partner achieve a stress-free and harmonious financial future. Tune in and empower your partnership with practical knowledge and foresight.

Raising Financially Savvy Kids: Practical Tips for Teaching Money Management Skills

Thu, 06 Feb 2025 10:00:00 -0600

Unlock the secrets to raising financially savvy kids with Stacey Hyde in this enlightening episode of Better Financial Health in 15 Minutes or Less. Imagine if your child could navigate their financial future with confidence and wisdom, avoiding the pitfalls many adults face today. By tuning in, you'll gain practical insights into teaching children of all ages about money, from the simplicity of recognizing coins to the intricacies of managing a credit card responsibly. Stacey shares personal anecdotes, like her childhood memory of her mom's credit card lesson at Sears, to highlight the importance of early financial education. Together, we challenge the notion that money should be a taboo topic and instead propose it as a vital family conversation.

As we explore effective methods for instilling values like saving, spending wisely, and giving back, you'll discover how chores and allowances can become powerful teaching tools. Stacey offers tips on structuring tasks around the house, dividing earnings into categories for spending, saving, and charitable giving, and setting tangible goals that motivate children to comprehend the value of money. As your children grow, learn how establishing a bank account and using a credit card with supervision can prepare them for real-world scenarios. Equip your children with the knowledge and skills they need to approach adulthood with financial acumen, confidence, and responsibility.

Navigating Market Fluctuations: The Impact of Government, Tech Advances, and Interest Rates on Your Financial Future

Thu, 30 Jan 2025 10:00:00 -0600

Unlock the secrets of navigating market fluctuations in our latest episode of Better Financial Health in 15 Minutes or Less. As we explore the transformative impact of the Trump administration on the economy, we'll reveal how efforts to streamline government operations could both curb inflation and adjust government spending. Will the potential extension of tax cuts inject new life into the markets, or do historical deficits threaten to derail progress? Join me, Stacey Hyde, as I tackle these complex dynamics and what they mean for your financial future.

Our conversation doesn't stop there. We delve into the tech sector's recent rollercoaster ride, driven by unexpected advancements in China's AI capabilities. Drawing a parallel with the tech boom of the late '90s, we explore the necessity for diversification and adaptability in today’s market landscape. From Amazon's journey from bookseller to cloud computing giant, to the anticipated volatility as markets adjust to reduced government spending, we provide insights into what’s ahead. All this while keeping a keen eye on interest rate trends and how they might influence your investment returns in the coming years. Don’t miss out on this insightful discussion that promises to prepare you for the financial road ahead.

When Disaster Strikes: Understanding Home Insurance and Protecting Vital Documents

Thu, 16 Jan 2025 13:00:00 -0600

What happens when disaster strikes and your insurance policy doesn’t measure up? Stacey Hyde unravels the complexities of home and renter’s insurance amidst the dramatic rise in natural disasters. Sharing personal experiences from the Memphis area’s earthquake risks, Stacey highlights how crucial it is to scrutinize your policy, comprehend your deductibles, and prepare financially for unforeseen calamities. Discover why not all losses are created equal and how some might still be covered even without explicit earthquake insurance.

Beyond the fine print, safeguard your vital documents before a disaster catches you off guard. Stacey offers practical advice on keeping your essential paperwork, like passports and birth certificates, accessible and protected, whether through fireproof storage or secure digital backups. With frequent reminders of nature’s unpredictability, this episode empowers you to reassess your insurance needs, fortifying your peace of mind and readiness for whatever comes your way.

Celebrate Achievements and Plan for Success

Thu, 02 Jan 2025 10:00:00 -0600

Reflecting on past achievements can be as crucial as setting new goals, and in our latest episode of Better Financial Health in 15 Minutes or Less, we explore exactly that. I, Stacey Hyde, share my personal journey of discovering an exercise routine I love—Pilates—and how it transformed my approach to fitness. You’ll learn how celebrating your victories with those close to you can enhance your joy and motivation. Plus, we’ll tackle the art of turning near misses from 2024 into triumphs this year, ensuring that your goals are not just dreams but achievable milestones.

Join me as I unfold practical strategies to align your personal, professional, financial, and spiritual aspirations with reality. Whether it's the simple act of meal prepping to conquer healthy eating or finding an exercise you genuinely enjoy, you’ll be equipped with tools to set yourself up for success. Let’s make 2025 a year of growth and fulfillment by discovering what truly works for us and embracing the journey with enthusiasm and intention. So, why not pause, appreciate your progress, and together, make this year the best one yet?

Preparing for the New Year: Financial Planning Tips and Strategies

Thu, 26 Dec 2024 10:00:00 -0600

Prepare to step into the new year equipped with financial wisdom and strategic foresight. Join me, Stacey Hyde, as I dissect the intricacies of financial planning in a world where time seems to fly by. Wondering how to make tax season a breeze? I'll walk you through the essential steps of organizing your financial documents and keeping track of significant expenses like charitable donations and property tax payments. For homeowners, being mindful of annual costs such as insurance can prevent unwelcome surprises, while ensuring your car is well-maintained could save you from unexpected repair bills. And if a new car is on your wish list, I’ll guide you on how to make the most of year-end deals, providing insights on evaluating models, insurance costs, and financing options.

Whether you're contemplating major purchases like a new car or home, or planning home improvements, having a solid financial strategy is crucial. We'll explore how to save effectively for a down payment, earn interest on your savings, and understand the various costs associated with home buying, including mortgage insurance and closing fees. From choosing between new flooring or a fresh coat of paint, to updating kitchen countertops, having financial clarity will make these decisions less daunting. My mission is to equip you with practical advice and actionable insights to confidently face whatever financial decisions come your way in the upcoming year.

Protect Yourself: Tools and Tips to Combat Modern Scams

Thu, 19 Dec 2024 13:00:00 -0600

Ever wondered how scammers are becoming even more cunning? Discover crucial strategies to keep yourself safe from ever-evolving fraud schemes with Stacey Hyde from Envision Financial Planning. This episode offers you essential tools and insights to protect your personal information in today's digital age. You'll learn the importance of distinguishing fake emails from genuine ones, managing suspicious phone calls, and why keeping separate email accounts can drastically reduce your risk of falling prey to scams. With fraud on the rise, staying informed is your best defense.

In our chat, we'll explore how artificial intelligence is giving scammers an edge and why this makes proactive measures like two-factor authentication more critical than ever. Stacey shares personal insights and practical tips that can help you navigate this challenging landscape, especially during busy periods when we're most distracted. By the end, you'll have a comprehensive understanding of how to guard against these threats and peace of mind knowing that you're better equipped to handle potential scams. Tune in to become your own first line of defense against fraud.

Holiday Gift-Giving with Financial Savvy: Tips for a Memorable and Budget-Friendly Season

Thu, 12 Dec 2024 15:00:00 -0600

What if you could transform holiday gift-giving into an art form while keeping your finances healthy? Join me, Stacey Hyde, as I share insights on how to navigate the holiday season with thoughtful and budget-friendly gift ideas that show your loved ones you care without emptying your wallet. From charming cocktail napkins to guest towels, discover creative ways to make your gifts meaningful and memorable. We'll also tackle the financial pressures of the season, discussing strategies for managing credit card balances and resisting the urge to make last-minute impulsive purchases.

As rising living costs challenge our financial stability, it's crucial to budget wisely and opt for cash payments. Tune in for practical advice on teaching children about financial decisions during the holidays, turning gift-giving into an opportunity to instill lifelong values. We'll explore how involving kids in family expense decisions can be both educational and entertaining, like choosing which streaming services to keep. This episode is packed with tips to help you embrace the holiday spirit with financial mindfulness, making the season joyful for both you and your wallet.

Maximize Your Health Savings: FSAs vs. HSAs Explained

Thu, 14 Nov 2024 10:00:00 -0600

Ever wondered how to make your money work smarter for your health care costs? Join me, Stacey Hyde, as we unravel the complexities between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) in this enlightening episode of Better Financial Health in 15 Minutes or Less. You'll learn how FSAs can be a great short-term solution for covering medical expenses like co-pays and eyeglasses, but they come with the caveat of potentially losing unused funds at the year's end unless your employer offers a rollover. On the other hand, I’ll guide you through the long-term benefits of HSAs, which allow you to save tax-free for future health expenses, especially if you’re aiming for a financially secure early retirement.

Tune in as I explain how HSAs can act as a tax-advantaged super-saver account, much like a Roth IRA, and how they can serve as a financial lifeline by covering COBRA or exchange health plan premiums when you retire. This episode is packed with insights on how to strategically use these accounts based on your financial goals, whether you’re a parent juggling childcare costs or planning for life post-retirement. Don't miss this opportunity to empower yourself with the knowledge to optimize your financial health and ensure you make informed decisions during this open enrollment season.

Ep.150- Elections and Your Investments: Staying Calm Amid Political Noise

Tue, 05 Nov 2024 17:00:00 -0600

Discover why election outcomes might not be as critical to your investments as you think. Join me, Stacey Hyde, as I tackle the common misconception that political shifts drastically affect financial markets. With election day upon us, it’s crucial to understand that while casting your vote is vital, it’s equally important to keep a level head when it comes to your portfolio. Our political system is designed with checks and balances that ensure gradual changes, which means immediate market reactions should not dictate your financial decisions. Learn how maintaining patience and avoiding hasty decisions can truly benefit your long-term financial health.

Throughout this episode of Better Financial Health in 15 minutes or less, I stress the importance of focusing on the bigger picture rather than getting caught up in short-term political noise. While market fluctuations can create anxiety, having a bit of extra cash can provide peace of mind without the need to overhaul your investment strategy. Remember, elections come and go, but your financial goals remain. Tune in to gain insights on nurturing a steady and resilient investment approach, regardless of who holds office. Let’s calm the storm of panic with thoughtful strategies for enduring financial well-being.

Empower Yourself with Layoff Strategies and Financial Insights

Thu, 24 Oct 2024 10:00:00 -0500

Unlock the secrets to navigating layoffs and mastering financial planning with Stacey Hyde. Learn how to stay calm and informed in the face of job loss while gaining practical insights into severance packages, extended health coverage, and pension options. We'll delve into the intricacies of 401k withdrawals, exploring the tax implications and penalties that could impact your financial future. Discover alternative health coverage plans, ensuring you and your loved ones remain safeguarded during transitional phases. Dive into leveraging outplacement services and cutting-edge AI tools like ChatGPT to supercharge your job search and transform your resume into a job-winning document.

Equip yourself with essential skills to stay competitive in today's job market. Stacey highlights the importance of mastering tools like Microsoft Outlook and the Google Suite, essential skills often assessed by modern employers. Explore a wealth of free online resources for self-improvement and learn how to effectively organize your resume, expand your professional network, and secure critical health insurance. Establish a robust financial safety net while gaining the confidence to tackle any career challenge. Tune in for actionable advice and strategies designed to empower you on your career journey, ensuring resilience and readiness for future opportunities.

Navigating Medicare: Choosing the Right Plan and Avoiding Common Pitfalls

Thu, 17 Oct 2024 10:00:00 -0500

Unlock the secrets to navigating the often-confusing world of Medicare with Stacey Hyde. As open enrollment kicks off, we'll guide you through the complexities of Medicare supplements and why choosing the right plan can be a game-changer for your financial health. Get the lowdown on why Plan G stands out as a top choice for those seeking minimal out-of-pocket expenses and long-term security. Wondering if a Medicare Advantage plan is really to your advantage? I’ll shed light on the potential drawbacks that might make you reconsider.

Still working at 65 and confused about which parts of Medicare to sign up for? Tune in to hear Stacey break down how to avoid costly mistakes and penalties while balancing employer health insurance. Gain clarity on the distinctions between Part A and Part B, and learn the strategic moves that ensure you have coverage without unnecessary complications. By the end of this episode, you'll be equipped with the knowledge to make informed decisions about your Medicare options, setting yourself up for a stress-free healthcare experience in the years to come.

Unlocking Estate Planning: Wills vs. Trusts Explained

Thu, 10 Oct 2024 11:00:00 -0500

Could an estate plan be your golden ticket to safeguarding your family’s future? Join me, Stacey Hyde, as I unravel the intricacies of wills and trusts in this enlightening episode of Better Financial Health in 15 Minutes or Less. You'll gain a clear understanding of the critical differences between a will and a revocable living trust, including how each handles your assets—from real estate and personal belongings to joint accounts and beneficiary-designated assets like IRAs and life insurance. This episode promises to equip you with the knowledge to avoid common pitfalls, such as unintentionally disinheriting family members.

Explore the often-overlooked advantages of revocable living trusts, including the privacy they offer by bypassing the public probate process. Discover why financial institutions might prefer working with trustees rather than relying on powers of attorney, and learn how a trust can simplify asset management, especially if you own property across multiple states. Whether you're planning your estate or simply curious about the process, this episode is packed with insights to ensure your legacy is protected and managed according to your wishes. Remember, while this episode provides essential information, consulting a legal professional for personalized advice is always recommended.

Smart Strategies to Tackle Rising Home and Renters Insurance Costs

Thu, 03 Oct 2024 10:00:00 -0500

What if you could protect your home and wallet from skyrocketing insurance costs with a few savvy moves? In this episode of Better Financial Health in 15 Minutes or Less, I, Stacey Hyde, share the hard truths about homeowners and renters insurance amidst rising premiums. After personally experiencing a 50% increase in my condo insurance, I explore essential strategies to alleviate these financial burdens. From leveraging home safety features for significant discounts to addressing mold issues swiftly, I provide actionable tips that can save you money and headaches alike.

Don't miss out on understanding the crucial differences between flood damage and storm damage, and the necessity of additional flood insurance, particularly in an era of extreme weather. We also touch on the often-overlooked earthquake insurance for those near fault lines like New Madrid. Learn why having a financial safety net and safeguarding essential documents is more important than ever, especially if you live in a flood-prone area. Tune in to equip yourself with knowledge that could be a game-changer for your home's protection and your financial peace of mind.

How a 0.5% Interest Rate Cut Impacts Your Financial Health and Strategy

Thu, 26 Sep 2024 10:00:00 -0500

Ever wondered how a half-percent change in interest rates can ripple through the economy and impact your financial health? In this episode of Better Financial Health in 15 Minutes or Less, I, Stacey Hyde, break down the Federal Reserve's recent decision to lower their target interest rates by 50 basis points. We’ll explore the intricacies behind this move, from combating inflation to ensuring full employment. You’ll learn why these adjustments were made now, especially with the presidential election looming, and how they aim to strike a balance between economic stability and political neutrality.

Get ready to understand how these changes can affect your mortgage rates, investment strategies, and overall financial planning. If you're considering buying a home, discover how lower rates could increase your purchasing power. We'll also dive into smart investment moves, like shifting from money market accounts to longer-term bonds or bond index funds, to maximize your returns in the current rate environment. Whether you're a homeowner, an investor, or just someone looking to stay financially savvy, this episode offers crucial insights to help you navigate the evolving financial landscape with confidence. Tune in and transform your financial strategy today!

Transform Your Financial Health: Simplified Budgeting and Smart Saving Tips with Stacey Hyde

Thu, 19 Sep 2024 10:00:00 -0500

Ever wondered how a small shift in your approach to budgeting can revolutionize your financial health? Stacey Hyde from Envision Financial Planning promises to reveal how dedicating just 10% of your income to retirement savings can pave the way to financial stability and future aspirations. In this episode of Better Financial Health, we break down your monthly income and expenses—covering essentials like rent, utilities, and debt payments, as well as discretionary spending on dining and entertainment—to find strategies that ensure you have money left over. Learn practical tips for boosting your income or trimming your expenses to allocate funds for dreams like buying a house, traveling, or purchasing a car.

But that's not all. Simplifying the budgeting process is key to long-term success. By setting up a budget annually or during significant life changes and automating your savings, you can avoid the daily grind of financial micromanagement. This system is designed to offer you financial stability without constant oversight, making your money work for you effortlessly. Tune in for practical advice on creating a sustainable budget that adapts to your evolving life circumstances. Don't forget to leave a review to help us reach more listeners and spread the good word of financial health. Thank you for joining Stacey Hyde on Better Financial Health, in 15 Minutes or Less!

Maximizing Social Security: Strategic Decisions for a Secure Retirement

Thu, 12 Sep 2024 10:00:00 -0500

Curious about when to claim Social Security to maximize your financial future? Join me, Stacey Hyde, as I tackle the complexities surrounding Social Security decisions that could significantly impact your retirement plans. From uncovering the myths of taking Social Security at 62 to understanding the intricacies of earnings tests if you're still working, this episode promises to equip you with the knowledge to make informed decisions. We'll also delve into the critical role your income—including investment income—plays in determining your eligibility for health insurance subsidies on the exchange.

Ever wonder how timing your Social Security benefits can affect you and your spouse differently? Discover the strategic importance of maximizing the higher earner's Social Security benefits, especially for married couples, to ensure long-term security. I'll break down how inflation adjustments can benefit you over time and why having funds in Roth IRAs and bank accounts can offer significant advantages. Whether you're planning ahead in your 20s or approaching retirement, this episode provides essential insights to help you navigate the crucial aspects of your Social Security planning. Don't miss out on the advice that could shape your financial future!

Episode 142-Protect Your Financial Information: Essential Strategies to Secure Your Identity

Thu, 05 Sep 2024 16:00:00 -0500

Struggling to protect your financial information in a world of increasing data breaches? Discover simple yet powerful strategies to safeguard your identity in our latest episode of Better Financial Health in 15 Minutes or Less. I'm Stacey Hyde, your guide through the essential steps to locking your credit with TransUnion, Equifax, and Experian. Learn how this proactive measure can prevent unauthorized access to your financial data without hindering your ability to make major purchases.

Join me as we explore the practical use of password managers, the critical role of multi-factor authentication, and real-life stories of identity theft. Stay ahead of hackers and protect your personal information with insights backed by the Wall Street Journal. Tune in for actionable advice and stay informed in this fast-evolving digital landscape.

Episode 141: Protect Yourself from Phishing Scams: Tips for Better Financial Health

Thu, 29 Aug 2024 10:00:00 -0500

Ever wondered how a seemingly innocent email could wreak havoc on your digital life? In our latest episode of Better Financial Health in 15 minutes or less, discover the hidden dangers of phishing emails and how they can turn your trusted inbox into a cyber minefield. Stacey Hyde breaks down the mechanics of these deceptive messages, explaining how they masquerade as emails from familiar names like Best Buy and Symantec, only to compromise your data once clicked. Learn essential tips to safeguard yourself, such as revealing the true sender information and maintaining up-to-date security measures on your devices.

Stacey highlights the serious repercussions of falling for a phishing scam, including financial loss and the struggle to regain control of compromised accounts. This episode is a must-listen for anyone looking to fortify their online security. Equip yourself with actionable advice to avoid becoming a victim and ensure your digital safety. Your online well-being is too important to ignore, and this episode arms you with the knowledge to protect it effectively. Tune in and be prepared to change the way you handle your emails forever.

Episode 140: Politics and Your Portfolio- Navigating the Impact of Elections on Financial Health

Thu, 22 Aug 2024 11:00:00 -0500

Can the upcoming election make or break your investment portfolio? Join me, Stacey Hyde, as I dissect how political shifts historically influence markets, and debunk the myth that one party is always better for your financial health. We'll explore why a divided government might actually work in your favor, mitigating extreme policies and promoting balanced decision-making that appeals to the majority.

Beyond the political landscape, I emphasize the critical need to diversify your news sources to avoid the echo chambers of social media algorithms. From the unintended consequences of student loan forgiveness to the real-world complexities of various political proposals, this episode aims to equip you with the knowledge to make more informed and nuanced financial decisions. Tune in for a balanced, insightful conversation on how politics and financial health intersect in today's highly polarized world.

Episode 139 529 Plans

Thu, 15 Aug 2024 10:00:00 -0500

School is back in session! In this week's episode, we will discuss the benefits and limitations of 529 plans. It is never too early or late to build a financial plan that supports lifelong learning for your children, grandchildren, and yourself.

Ep. 138 Market Volatility

Thu, 08 Aug 2024 10:00:00 -0500

In this week's episode, we are discussing market volatility. Stacey reminds us that day-to-day market activity shouldn't impact long-term portfolio results. It is especially crucial when the market is down, to not panic and trust in your long-term financial plan.

Ep. 137 Benchmarks

Thu, 18 Jul 2024 14:00:00 -0500

In this week's episode, we are diving into benchmarks. Stacey discusses what benchmarks are, their usefulness, and how to pay attention to the right ones for your portfolio. Appropriate benchmarks are a practical tool that can help you contextualize the overall health of your portfolio.

Ep 136 Important Legal Documents for Business Owners

Thu, 11 Jul 2024 10:00:00 -0500

In this week's episode, Stacey discusses necessary documents for business owners. For everything from buy-sell agreements to business valuation and tax deductions, it is important to consider how your business will be impacted by its ownership in different circumstances and to understand how to use this documentation to facilitate the long-term health of your business.

Ep. 135 Bucket Lists

Fri, 05 Jul 2024 10:00:00 -0500

In today's episode, Stacey discusses whether or not bucket lists are beneficial to you. Although detailing your most desired experiences in one comprehensive list may be orderly and convenient, it may also limit your capacity to try new and unexpected adventures. This is an important reminder to always follow your joy more than your plans!

Ep. 134 Make the Most of Your Savings

Thu, 27 Jun 2024 10:00:00 -0500

Stacey is on vacation this week, but we still have helpful financial advice in store for you! Today's episode is a rerelease of one of our most popular episodes, "Make the Most of Your Savings", which touches on what to look for when choosing a high-yield savings account.

Ep. 133 Invest Don't Gamble

Thu, 20 Jun 2024 10:00:00 -0500

In today's episode, Stacey will be discussing high-yield investments and how to determine your total return on an investment. Investing can be incredibly exciting, yet we encourage you to slow down and analyze various components of your new potential investments to gauge how they will perform over time.

Ep 132 How to Protect Yourself From Title Fraud

Thu, 13 Jun 2024 10:00:00 -0500

In this week's episode, Stacey discusses how to protect yourself from title fraud. Although title fraud may be rare, the ramifications can be devastating to you and your loved ones. Stacey shares tips on how to stay vigilant and prevent this from happening to you!

Ep. 131 Estate Planning for Blended Families

Thu, 06 Jun 2024 10:00:00 -0500

In today's episode, Stacey shares insightful advice on how to manage estate planning for blended families. For blended families especially, where the interests of many parties are under consideration, it is important to determine and outline asset distribution. In these cases, consulting an attorney will ensure that your intentions are executed accurately!

Ep. 130 How to Financially Prepare for a Pet

Thu, 30 May 2024 10:00:00 -0500

Although having a pet can be extremely fulfilling, it is crucial to understand the financial commitments that come with pet ownership, and to decide whether taking on that responsibility is right for you. In today's episode, Stacey discusses the expenses of pet ownership and how to be financially prepared for your furry friends!

Ep. 129 Weekend Travel Tips

Thu, 23 May 2024 10:00:00 -0500

In today's episode, Stacey discusses how to afford weekend getaways. As Memorial Day quickly approaches, many of us will relish the extra day off work, and some of us will venture out to travel for the long weekend. Stacey shares some helpful tips to make sure your weekend trips don't break your budget.

Ep. 128 Caring for Elders

Thu, 16 May 2024 10:00:00 -0500

In today's episode, Stacey discusses how to navigate caring for your elder family members. There are many ways to assist an aging family member from ensuring that their estate planning documents are updated to making sure their bills are being paid on time. Stacey shares a few specific tips that might help you and your loved ones!

Ep. 127 Estate Planning for Individuals with Special Needs

Thu, 09 May 2024 10:00:00 -0500

In today's episode, Stacey discusses estate planning for the benefit of individuals with special needs. When making provisions for people with special needs, it can be helpful to work with a specialist in estate law, and to be careful of how the assets they receive might impact their government benefits.

Ep. 126 Credit Card Tips

Thu, 02 May 2024 10:00:00 -0500

In today's episode, Stacey discusses credit cards. From safeguarding yourself against fraud to managing credit card debt, Stacey shares tips on how to use your credit card responsibly, and how to improve your overall credit health. Credit cards can be a great tool to build a positive credit history, but it is important to maximize any offered benefits and to keep an eye on your credit report!

Ep. 125 How to Prioritize Your Savings

Thu, 25 Apr 2024 10:00:00 -0500

In today's episode, Stacey discusses the importance of saving in different areas and how to prioritize it for your financial situation. From high-yield savings accounts to credit cards to retirement accounts, there are many tools at your disposal that can help improve your finances. However, it is crucial to take a look at your finances and consider what works best for you!

Ep. 124 Estimated Taxes

Thu, 18 Apr 2024 10:00:00 -0500

In today's episode, Stacey discusses estimated tax payments. Although paying estimated taxes doesn't apply to everyone, it is crucial for all income earners to consider tax liability from every source of income. Remember to consult a CPA for personalized advice on your specific financial situation.

Ep.123 Cryptocurrency

Thu, 11 Apr 2024 10:00:00 -0500

In today's episode, Stacey discusses cryptocurrency investments such as Bitcoin. Although cryptocurrency investments have increased in popularity in recent years, this investment, like all others, comes with its own set of risks. Stacey explains the potential pros and cons of investing in cryptocurrency, and some recent developments in the cryptocurrency market.

Ep.122 Tips on ESG Investing

Thu, 04 Apr 2024 10:00:00 -0500

In today's episode, Stacey discusses environmental, social, and governance (ESG) investments. These types of investments can help individuals invest in companies and sectors that align with their personal beliefs. ESG investments have become increasingly popular over the years, and it is important to understand how this focus can impact your portfolio's overall exposure to the market.

Ep. 121 What should you do with your tax refund?

Thu, 28 Mar 2024 10:00:00 -0500

In today's episode, Stacey discusses what you can do with your tax refund. As the federal tax deadline quickly approaches, many of us have already filed the 2023 tax return and perhaps received a refund. Stacey explains how a large tax refund might not always be the best fit for your finances, and how you can adjust your withholding, if necessary. She also details how to use your tax refund to improve your financial situation.

Ep. 120 Spring Cleaning

Thu, 21 Mar 2024 10:00:00 -0500

In today's episode, Stacey expands on last week's topic of mindfulness to discuss spring cleaning. It is a great time of the year to evaluate the usefulness of the material things in your life and to take stock of what really matters to you. Remember that when you allow yourself to let go of the things you don't need, you are creating space for the things and people in your life that bring you joy!

Ep. 119 Staying Mindful With Your Expenses

Thu, 14 Mar 2024 10:00:00 -0500

In a culture where overconsumption is both normal and encouraged, it can be a challenge to find contentment and keep unnecessary spending under control. In today's episode, Stacey discusses the importance of staying mindful of your expenses and how to carry that mindfulness into other aspects of your daily life.

Ep. 118 How Does Luck Impact Financial Success?

Thu, 07 Mar 2024 10:00:00 -0600

In celebration of St. Patrick's Day coming up, Stacey discusses the role of luck in personal financial success. Although there are some elements of life that you might prefer to leave up to chance, financial success is all about preparation. In today's episode, Stacey explores how to make your own financial luck by being prepared and taking advantage of new opportunities.

Ep. 117 The Costs of Vehicle Ownership

Thu, 29 Feb 2024 10:00:00 -0600

This week, Stacey discusses the costs of vehicle ownership. Although the idea of a new car is exciting, it is important to consider the many expenses of owning or financing a vehicle. For example, be sure to take into account the cost of recurring maintenance, possible repairs, and the rising cost of car insurance. Is a new or used car better for your budget? Also, remember that taking the time to research the details of your vehicle, such as reliability, gas mileage, and safety ratings will likely save you money in the long run.

Ep. 116 Staying on the Right Track with Microactions

Thu, 22 Feb 2024 10:00:00 -0600

In today's episode, Stacey discusses how to stay on track with your finances throughout different stages of your life using small and consistent daily steps, or microactions. In particular, Stacey details saving for retirement, building an emergency fund, and choosing the best investments for you! This episode also explores rental property investments, and the costs of home ownership compared to renting.

Ep. 115 How to Protect Your Finances in Relationships

Tue, 13 Feb 2024 16:00:00 -0600

Happy early Valentine's Day! Today, Stacey discusses financial compatibility, and the importance of protecting your finances, especially in non-traditional relationships. Although we all invest in our relationships in different ways, it is crucial to remember that financial protection is not guaranteed! Stacey's tips are a reminder that it is possible to stay in love with your finances during relationships.

Ep. 114 Buying, Selling, and Renting in Today's Real Estate Market

Thu, 08 Feb 2024 10:00:00 -0600

This week, Stacey is discussing home buying and selling. In the coming months, there is typically increased activity in the real estate market. Whether you are looking to put your current home on the market, considering purchasing a home, or questioning if home ownership is right for you, you are not alone! Stacey has helpful tips on how to put yourself in the best position to succeed in today's market.

Ep. 113 Tax Tips

Wed, 31 Jan 2024 17:00:00 -0600

It's time for everyone's favorite season of the year, tax season! As we have embarked upon the 2024 tax filing season, Stacey is discussing a few key tax documents to gather, how to prevent high interest rates on late tax payments, and how to stay on top of tax payments in the future. Although it can be tempting to file as soon as possible, it is important to wait and file your tax return when the time is right for you! Keep in mind that if your financial situation is complex, or if you would like a second pair of eyes, having the help of a CPA might benefit you.

Ep. 112: When Uncertainty Creates Opportunity

Thu, 25 Jan 2024 10:00:00 -0600

There aren't many people who like uncertainty, especially with their money. It makes most folks fairly uncomfortable, with reason! But this week, Stacey is helping us see the upside of uncertainty and where it can create opportunity. Can you think of an example in your own life where something you were unsure of turned out for the better? What helped you push forward in that time of uncertainty?

Ep. 111: Value vs. Cost

Thu, 18 Jan 2024 10:00:00 -0600

Most people have searched for an item to purchase and, as they sorted through the options, wondered if the higher priced version was really worth the cost. Sometime it may be worth it and sometimes it may not. Stacey is here this week to offer some tips for evaluating when you are deciding what might be best for your needs.

Ep. 110: Finding Balance in the New Year

Thu, 11 Jan 2024 10:00:00 -0600

2024 is in full swing and as you're considering you plans for this year, it's the perfect time to evaluate exactly where you are financially and where you want to be by the end of the year. Stacey has some suggestions for what you need to be looking at now and how to evaluate that information to make a plan for the future.

Episode 109: It's time for a check up!

Fri, 05 Jan 2024 10:00:00 -0600

It's hard to know where you're going if you don't know where you've been so this week, Stacey is giving some tips to help you look back before you look forward into the new year. What's working for you? Let us know!

Episode 108: What to do when you've been a victim of identity theft

Thu, 21 Dec 2023 10:00:00 -0600

Last week, we talked about how to monitor your credit and what you should be looking for to make sure your information is as safe as possible. But what happens when your data has been compromised either as part of a large public breach or something else? Stacey is sharing tips this week on what you should do first and how to make sure the damage is minimized.

Episode 107: How to Monitor your Credit

Thu, 14 Dec 2023 10:00:00 -0600

We've talked several times about how to protect yourself from the bad guys on the internet trying to steal your information, but today Stacey is sharing what to do if your identity has been compromised through a data breach or some other way. One of the most helpful places for you to start is www.annualcreditreport.com and Stacey has some other suggestions for you to make sure your information is secure after a hack.

Episode 106: Charitable Giving

Thu, 07 Dec 2023 10:00:00 -0600

As we wrap up 2023, many people are (or should be!) double checking to make sure they fulfilled their charitable giving intentions. While it's easy to drop some cash in the bucket or click a donate button on a website, Stacey is sharing some other ways you may want to consider giving that may benefit your tax position and do not cost the organizations you're giving to either. Remember that some of these methods do take a bit of extra time and you'll need to take that into consideration for year end gifts!

Episode 105: The Gift that Keeps on Giving

Fri, 24 Nov 2023 10:00:00 -0600

We've discussed gifts to give for the people who see to have everything or ways to stretch your budget, but this week, Stacey is discussing an option that will outlast any clothes or toys you maybe considering for the children in your life... a 529 plan! Before you think a 529 plan is too limited, think again! In this episode, Stacey shares some of the many ways the plans can be used to help fund the educational futures of the next generation and how it can benefit the tax situation of the person paying into the plan. It truly is a gift that keeps on giving!

Episode 104: Reviewing IRA Contributions

Thu, 16 Nov 2023 10:00:00 -0600

As we near the end of the year, it's time to make sure you have made the appropriate contributions for your particular situation to your IRA. Stacey is here this week to discuss several scenarios that you may run into as you double check to make sure you are getting the most out of your contributions.

Episode 103: Open Enrollment in the Work Place

Thu, 09 Nov 2023 11:00:00 -0600

It's that time of the year.... no, not the holidays yet, it's open enrollment time for many employers. What do you need to be thinking about as you evaluate your situation and think about the future? Stacey has some tips to make sure you set yourself up for success in the new year.

Episode 102: Medicare Open Enrollment

Thu, 02 Nov 2023 10:00:00 -0500

It's time for Medicare open enrollment, and if this is your first time making selections or you are considering changing your current selections to your plan, now is the time to do your homework and make sure you are getting the best coverage at the best price available to you. Stacey has some great tips and reminders for you to consider regarding drug plans, doctors and hospitals and other programs you may not have considered that can help save you money so that your physical health and financial health are both at their best.

Episode 101: Housing Affordability: Renting vs Buying

Thu, 26 Oct 2023 10:00:00 -0500

This week, Stacey is discussing the difference in expenses of renting and purchasing a home and how the current market may cause you to reconsider if you have to get on the property ladder as soon as possible. You may think you have it all figured out, or maybe you think doing one thing will cause you to miss out on another, but Stacey is here to give you some big picture things to consider specific to the current market.

Celebrating 100 Episodes!

Thu, 19 Oct 2023 10:00:00 -0500

Happy 100th episode to Better Financial Health in 15 Minutes (or less!)! This week, Stacey is reflecting on how and why we started this podcast and where we hope it will go. Have a question or topic you want to hear on the show? Send it to info@envisionfptn.com! We want to thank you all for listening and hope you will share your favorite episodes with your family and friends.

Episode 99: Spending on Experiences vs. Savings

Thu, 12 Oct 2023 10:00:00 -0500

Stacey has said before that spending on experiences versus traditional gifts can be a meaningful way to spend time and money with family and friends. But what about spending on those concert or show tickets or trips or adventures instead of saving for traditional big ticket items like a down payment on a home or a car? Should you go into credit card debt to pay for the family trip or reduce your 401k deductions to pay for the trip? Stacey is sharing some things to think about this week as you're planning for your next big adventure or gift to share with your family!

Episode 98: Budgeting for Self Employed, Freelancers and Other Inconsistent Earners

Thu, 05 Oct 2023 10:00:00 -0500

Budgeting is important for everyone, but budgeting for people who have less consistent income or who aren't salary workers can be challenging! Stacey is here this week to offer some helpful tips for self employed people or freelance workers or other people who have "lumpy" pay checks. What things should you consider setting aside for tax purposes? What about an emergency fund and insurance? There are lots of things to think about to make sure you are setting yourself and your family up for success!

Episode 97: Revisiting Restarting Student Loan Payments

Thu, 28 Sep 2023 10:00:00 -0500

Student loans have been a topic we have discussed several times as we have tried to prepare borrowers for the payments to begin again. But now, the payments have started (or are starting soon) and Stacey has some options for people who are finding themselves struggling to make these payments, including the SAVE Plan (Saving on a Valuable Education). Tune in to find out some of the resources available!

Episode 96: Securing Your Idenity

Thu, 21 Sep 2023 09:00:00 -0500

We've talked several times about passwords and scammers and other parts of online security, but today we are talking about the impacts of those scams and how, despite our best efforts, your idenity still maybe compromised. What should you do if you think your information has been stolen or if you use services that have suffered a data breach? Stacey is here this week to tell you what to look out for and how you can minimize the damage to your financial situation and your idenity.

Episode 95: End of Quarter Check-In

Thu, 14 Sep 2023 10:00:00 -0500

We are nearing the end of Q3 and, although we may not quite be ready, we are also looking forward to the last quarter of the year. What does that mean for your personal financial situation? This week, Stacey is helping you take stock of where you are so you can make sure you end the year on a high note and proud of the progress you have made in your financial health in 2023.

Episode 94: Scammers

Thu, 07 Sep 2023 10:00:00 -0500

We've talked before about internet security and passwords, but today we're talking about the people who do the bad things with your personal information and some of the most common ways they are getting people right now. Most importantly, Stacey is sharing helpful tips for how to protect yourself against the bad guys.

Episode 93: When do you make the best financial decisions?

Thu, 31 Aug 2023 10:00:00 -0500

This week, Stacey is discussing an article she recently read discussion when people make their best financial decisions. Are you at the prime age for making decisions and are you making those good decisions? Or are you younger than that age so you want to get ahead of the game? Maybe you have people in your life that you can help make better decisions now so they are best prepared for the future. Maybe you're a little behind and want to catch up. There is still time, listen up this week to see what you can be doing now to make the best choices available to you.

Episode 92: Financial Aid 101

Thu, 24 Aug 2023 11:00:00 -0500

The new school year is underway and if you have older students, they are already thinking about graduation. While they are thinking about the fun things, you need to be thinking about the practical things like financial aid for college. This week, Stacey offers some tips and things to keep in mind as you're sorting through all of the options for grants, loans and scholarships to see what may work best for your situation.

Episode 91: Adult Children

Thu, 17 Aug 2023 10:00:00 -0500

It's back to school time and while that may mean a social media feed flooded with first day of school photos, it also means some kids are moving away from home for the first time. Stacey is here this week to remind us of some documents you should have for adult children to make sure both your child and you are able to access the information and care that maybe needed. No adult children in your home? Make sure you have these items in order for you and those you love.

Episode 90: US Credit Downgrade

Thu, 10 Aug 2023 09:00:00 -0500

One of the bond rating agencies recently downgraded US government debt and Stacey is here this week to discuss what this actually means to us as individuals and as a country. She also has some thoughts on how this could be avoided in the future and what you may want to keep in mind as we look to an election year.

Episode 89: Midyear Update

Fri, 04 Aug 2023 10:00:00 -0500

It's August and we all know that once school starts, the rest of the year races by. Stacey is here this week to look back on the first half of the year and look forward to the rest of 2023.

Episode 88: Passwords

Thu, 27 Jul 2023 11:00:00 -0500

One of the easiest ways to keep your personal information safe is to choose good passwords. But the downside of choosing good, strong passwords is that then you have to remember them all. Stacey is here this week with some tips to choosing strong passwords and also how to manage them all, it's not as complicated as you may think!

Episode 87: Teaching kids about money

Thu, 13 Jul 2023 10:00:00 -0500

It's summertime which means if you have kids around, they are probably constantly asking for food and money. While we aren't the go to source for snacks, we do have some suggestions for how you use this opportunity to start talking to your kids about how to be responsible with money. It's never to early to educate kids on savings, giving and spending and Stacey offers some other topics you should consider as they become older and move through college and beyond.

Episode 86: Backdoor Roth

Thu, 06 Jul 2023 10:00:00 -0500

Have you heard of a backdoor roth, but you've never really known what it was or if you should take advantage of it? Well, you're in luck because this week, Stacey is explained what a backdoor roth is and who should consider doing one as well as who may not benefit from it.

Episode 85: Current Market Update

Thu, 29 Jun 2023 10:00:00 -0500

Have you been keeping an eye on the market lately? Some folks are seeing big gains and others are seeing more modest or no gains. Why is this happening and what should you consider doing because of the current situation? Stacey is here to give us an update and shed some light on how to make the most of the moment.

Episode 84: How to Avoid Leaking Money

Thu, 22 Jun 2023 07:00:00 -0500

This week we are rerunning an episode that Stacey alludes to frequently- How to avoiod leaking money. It may seem obvious as to what you can cutback- fewer nights out, less travel, decrease shopping, etc; but there maybe some smaller places where money is slowly leaking out of you and you don't even realize the impact it is having on your finances. What are the things you are not enjoying or not even using at all? It's time to take a look and see where you are leaking money to set yourself up well for the rest of the year.

Episode 83: Online Security

Thu, 15 Jun 2023 10:00:00 -0500

How many times a day do you use a password online? Dozens, maybe hundreds. How secure are you passwords and how careful are you about keeping your accounts secure? Stacey is here this week to offer some simple tips to help you make sure you are doing the most to protect yourself against online scams and those trying to steal your information.

Episode 82: Resuming Student Loan Payments

Thu, 08 Jun 2023 11:00:00 -0500

It is likely that after a long respite, student loan payments will resume and Stacey is offering suggestions this week on how you can best prepare yourself and your budget to start making those payments again. Has your income changed? Have you moved? Listen up to hear all the things you can do now so that the transition back to repaying your debt is as painless as possible.

Episode 81: Nontraditional Investments

Wed, 31 May 2023 10:00:00 -0500

Perhaps you're looking to diversify your portfolio and looking for options, but you're unsure of what's what and what you need to be looking for. Stacey is here this week to share some things to look for and, more importantly, look out for to see if the deal is more risky than you might want. She also shares more about "boring investments" and why those may not seem exciting, but they can be useful.

Episode 80: Car, Homeowners and Renters Insurance

Thu, 25 May 2023 10:00:00 -0500

Most of us have car insurance, but we don't think much about it on a regular basis. Additionally, you may have homeowner's insurance, but you haven't paid much attention recently to what your policy actually covers. Stacey is reminding us all about the details we maybe overlooking on our car/renters/homeowners insurance so that we make sure we are getting the coverage we need without paying for things we won't use.

Episode 79: 401k Loans and Withdrawals

Thu, 18 May 2023 10:00:00 -0500

Some people are finding themselves looking to their 401k for cash in order to get themselves out from under debt or to help cover costs. This week, Stacey explains how much it can cost you over the long term to make that decision to cover short term expenses. Listen up to understand how and when to use 401k withdrawals and loans as a tool in your financial tool box, but also other options that might be helpful so you can leave your 401k alone and get the most out of it later.

Episode 78: Paying Down Credit Card Debt

Wed, 10 May 2023 14:00:00 -0500

A question Stacey receives often is what to do about high interest debt. Whether it's credit card debt, a car note or something else, many people are unsure of what to pay off and what to save. Stacey has some tips today to help you understand where you money will do the most work for you.

Episode 77: Changes to Home Mortgage Fees

Thu, 04 May 2023 11:00:00 -0500

A topic that has been hot with our clients and in the news is the changes to the fees Federal Home Mortgage Association. If you just watch the news or scan headlines, you maybe thinking this is a penalty for those who have better credit. But, Stacey is here to explain the rest of the story and why this change may not be as impactful and scary as it sounds.

Episode 76: What you need to know about life insurance

Tue, 25 Apr 2023 10:00:00 -0500

We all hear about life insurance all the time. Chances are it's offered through your employer, you may see an ad on tv or get spam emails telling you about the great policy you can get in just one click. But most of us don't know all the details about what we actually need to be looking for in a life insurance policy or what type of coverage maybe best for our situation. Stacey is here today to shed some light on life insurance and things you should think about when determining the right policy (or no policy!) is right for you!

Episode 75: Beneficiary Designations

Wed, 19 Apr 2023 12:00:00 -0500

Today, Stacey is discussing a topic that has come up several times recently: beneficiary designations. Many people think if they have a will, they have everything taken care of, but that is not always the case as different types of retirement accounts, brokerage accounts, bank accounts, etc. allow for specific beneficiary designations. Stacey offers some insights into how those designations work with a will and when you may want to use them to make the passing of your accounts a bit easier for your loved ones.

Episode 74: Planning for Summer Vacation

Thu, 13 Apr 2023 12:00:00 -0500

Stacey is back this week to talk about something FUN... summer vacation! What are the things you should think about before you book your first flight or reserve your first hotel room? Stacey has some suggestions for places to stay and things to keep in mind as you make your plans whether you are looking to travel domestically or internationally this fall. What's the best tip you have to share when planning your summer travel?

Episode 73: Questions about the Dollar

Thu, 06 Apr 2023 10:00:00 -0500

This week, Stacey is answering a question she has received from several listeners and clients lately... what's going on with the dollar and is the strength of the dollar? Listen up to hear her take on the situation, as well as what you should really be focusing on instead of this issue.

Episode 72: Why is good news bad news?

Wed, 29 Mar 2023 10:00:00 -0500

Sometimes it seems like the good news in the markets is actually bad and the bad news is good. If unemployment is down, why is the market going down? If we see banks failing, why does the market go up? It seems counterintuitive and Stacey is here this week to help us understand why these things happen even if they don't make sense to us at first glance. She also shares how we can protect ourselves against any specific negative thing happening and having a large impact on our financial situation.

Episode 71: What You Need to Know About Banks

Wed, 22 Mar 2023 16:00:00 -0500

Banks are all the buzz right now, and Stacey is here to tell you what you need to know about how the banking system works and what you should be thinking about to keep your money safe.

Episode 70: Rebuilding Your Credit

Tue, 14 Mar 2023 15:00:00 -0500

A common discussion we have with clients, in all stages of life, is how to build or rebuild credit. Maybe you don't have a lot of credit experience because you generally use cash or maybe you are trying to help your kids or grandkids build their credit from the ground up. Whatever the reason, listen to Stacey's suggestions this week on how to build credit, maintain a positive credit history and protect yourself against credit fraud.

Episode 69: What's your motivation?

Tue, 07 Mar 2023 16:00:00 -0600

Sometimes we know there is a habit we have that we know we should stop, but we can't quite get over the hump. Stacey is here this week to help you think through some things to help you find the pain point in your finances or other areas of your life and move forward with your goals.

Episode 68: All About Car Shopping

Wed, 01 Mar 2023 11:00:00 -0600

Many people delayed purchasing a car over the past few years for various reasons and now the time has come when you can't wait anymore. Chances are the market has changed since the last time you purchased a vehicle and Stacey is here to help you catch up on the current situation. What things should you think about regarding financing? What about an electric vehicle? How about insurance? There are so many things to think about and Stacey will get you going in the right direction on this week's episode.

Episode 67: Stacey's Hierarchy of Savings

Thu, 23 Feb 2023 10:00:00 -0600

Wahoo! You have recently realized you'll have a little extra money coming and, smartly, you've decided you want to make the most of it and not just buy that treat you saw online ;) Where's the best place to put it? Should you put it in savings or should you pay off debt? If you pay off debt, what debt should you focus on first? Stacey is here this week to share her "hierarchy of savings" to help you figure out how to best put your money to work!

Episode 66: Tax Preparations

Thu, 16 Feb 2023 09:00:00 -0600

It's not tax season yet, but it's coming quick and Stacey is here to help you get your ducks in a row so when the time comes to complete and file your taxes, you'll be ready. Listen up to hear about what forms you should be looking out for and how to double check to see if you have everything you need in order to file your taxes this year. What questions do you have going into tax season? Let us know and we will try to answer them!

Episode 65: Planning for Vacation

Wed, 08 Feb 2023 13:00:00 -0600

If you're like us, the winter blues have arrived and you're dreaming of somewhere else you'd rather be than wherever you are. If vacation is on your mind, listen up for Stacey's tips to make your vacation more relaxing and less stressful by planning ahead for the expenses associated with your trip!

Episode 64: The SECURE Act 2.0

Mon, 30 Jan 2023 15:00:00 -0600

At the end of last year, SECURE 2.0 Act of 2022 was signed into law with some significant items that could impact your retirement savings. Stacey is here to give us a rundown of how this law could change your required minimum distribution, as well as other differences that you should know about as we start the year so that you are getting the most out of your money moving forward.

Episode 63: Cautious Optimism

Tue, 24 Jan 2023 16:00:00 -0600

Yes, you read the title correctly... this week, Stacey is sharing her reasoning for cautious optimism as we look ahead into 2023. While we still don't have a crystal ball (we still wish we did!), there are signs across the county and the world that are giving reasons for hope and not despair. Listen up to hear Stacey's takes about where to look for these bright spots in our economy and the markets during these gloomy winter days.

Episode 62: Increasing Your 401k Contributions

Thu, 19 Jan 2023 09:00:00 -0600

We've been getting several questions from people that we work with about adjusting their 401k contributions as we move into the new year and as the markets continue to bounce around a little bit. Stacey is here this week to remind us of some thing to think about before you decide to increase your retirement savings. Do you have a specific question we can help with? Let us know in the comments!

Episode 61: New Year, New Outlook

Thu, 12 Jan 2023 10:00:00 -0600

We are coming back around to the question that doesn't seem to go away: are we in a recession? Stacey reminds us this week what a a recession is and then walks us through where some key indicators are today. Then, she shares some suggestions on how to approach the new year while we are still in a period of uncertainty and take a new outlook into the new year.

Episode 60: New Year's To Do List

Wed, 04 Jan 2023 10:00:00 -0600

We're running into 2023 and Stacey is coming to us from Colorado with some thoughts for the new year... Where are you right now? What do you need to do first? What do you need to pay off and where can you cut spending or increase savings? Listen up for some suggestions to get your 2023 started on the right foot!

Episode 59: Last Minute Gifting

Wed, 21 Dec 2022 07:00:00 -0600

Christmas is almost here! If you're like us, you still have a few gifts to get, maybe because you haven't had time yet or maybe because those last few people are hard to buy for. Don't let the stress of the last minute gifting wreck your budget! Stacey has some great last minute ideas to help you get the most bang for your buck for everyone on your gift list.

Episode 58: Credit Card Debt vs. Emergency Fund

Thu, 15 Dec 2022 15:00:00 -0600

Stacey is here this week to discuss a situation she sees often where people are carrying credit card debt, but protecting their emergency/cash fund. Listen up to learn about why it maybe helpful to focus on paying down that debt (and how to do it!), even though your savings may take a hit for a short time period.

Episode 57: End of Year Preparations

Thu, 08 Dec 2022 11:00:00 -0600

As the year winds down, there are several things you should make sure are in good standing in your financial life as well as your personal life. Stacey is here to help offer some suggestions and reminders of things to think about going into the New Year and things you can and should do now to get ahead. What are you doing now to get ready for 2023?!

Episode 56: Food for Thought Moving into 2023

Thu, 01 Dec 2022 11:00:00 -0600

As the year draws to an end, most people start looking forward to the next year. Stacey is here to offer some things to think about in the global economy as we look back, look around and prepare to look forward into the new year.

Episode 55: State of the Economy Going into the Holidays

Tue, 22 Nov 2022 10:00:00 -0600

Stacey has been doing her homework (as always!) and is back to tell us why things may not be as bad as they seem. We've all seen scary headlines in the news and we maybe tightening our belts this holiday season, but there are some indicators that it's not all doom and gloom. Listen up this week to hear Stacey's take after meeting with some of the best in the industry recently as to her take on the current state of things.

Episode 54: The Gift of Education

Wed, 09 Nov 2022 11:00:00 -0600

We're continuing to talk about holiday gift giving this week, but with a twist... consider giving the gift of education to your kids and grandkids by investing in a college savings plan! If you're tired of giving kids toys that get tossed aside, clothes that get outgrown or you just don't have any more room for anymore stuff, Stacey is here to give you more information about how and when to invest in a 529 plan that the children in your life will benefit from later in life. She also discusses why now (when the markets are beat up) is a good time to be saving for college.

Episode 53: Budgeting for Holiday Gifts

Thu, 03 Nov 2022 11:00:00 -0500

This year, most people are tightening their belts where they can and that will most likely mean in holiday gift giving as well. Luckily, it's still early and you still have time to make a plan for your holiday budget so that you can give responsibly and enjoy a lovely holiday with those you love. Stacey has some ideas to help you think outside of the (beautifully wrapped) box so you can be a great gift giver and not regret it later.

Episode 52: Searching for Certainty

Thu, 27 Oct 2022 11:00:00 -0500

In a time of uncertainty, it's normal to feel vulnerable and reach for anything that appears to be guaranteed. Stacey is here today to talk through those feelings with us and help us recognize and resist those schemes and people that are preying on our fear. She also shares some tips to help us combat the fears we do have and reminders about how markets have rebounded in the past. If you're feeling anxious about your money, this is a must listen episode!

Episode 51: Feelings

Thu, 20 Oct 2022 15:00:00 -0500

You've heard it hear before, money is more about feelings than math. And right now, there are a lot of feelings - not many of them good- when it comes to money. Stacey has some suggestions on how to deal with these current feelings on today's podcast. If you are starting to worry about the holidays already, Stacey has some great ways to help you prepare for what can be a very expensive and stressful time of year and make the most of your holidays, even with a smaller budget than usual!

Episode 50: Benefits 101

Wed, 12 Oct 2022 17:00:00 -0500

How much do you really know about your benefits package offered through your employer? It's open enrollment time for many people which means you need to actually pay attention to those emails you're getting from HR and check your benefits! Stacey is here today with some things to look for so that you can maximize your benefits and make sure you are putting yourself and your family in the best possible situation.

Episode 49: Medicare Open Enrollment

Wed, 05 Oct 2022 14:00:00 -0500

It's that time of the year... no, not the holiday season and not back to school... it's time for Medicare open enrollment! Stacey is here this week with reminders of what to look for when shopping your drug plan plus how to determine if traditional Medicare or Medicare advantage are best for you. Not 65? maybe you have someone in your life that could use your help to check their policies online. Listen up so you can help save yourself or those you love a little bit of money on their healthcare expenses!

Episode 48: Make the Most of Your Savings Account

Mon, 26 Sep 2022 15:00:00 -0500

Right now, everyone is trying to get the most bang for their buck and one way to do that is by effectively using a savings account. Today, Stacey shares some things to think about as you choose the best savings account for your situation since not every account is the same! For more information on series I bonds, check out episode 21.

Episode 47: Inflation and the Rental Market

Fri, 23 Sep 2022 13:00:00 -0500

Inflation continues to be the talk of the town for just about every town. You may not be aware of the impact the rental market is having on inflation and on the economy as a whole, so Stacey is here to shed some light on this aspect of the economy and offer a few suggestions on how we all continue to make the best next choice for our situation.

Episode 46: Estate Planning 102

Wed, 14 Sep 2022 13:00:00 -0500

This is our second episode discussing the core items you should have when planning for your estate. Today, Stacey is discussing trusts- who should have one, why someone should have one and what is the difference is in a trust and power of attorney or other agreements. She also explains some of the details of beneficiaries that you should be aware of. If you missed last week, don't forget to go back and listen to episode 45, and if you have questions, please email us at info@envisionfptn.com.

Episode 45: Estate Planning 101

Thu, 08 Sep 2022 14:00:00 -0500

There is so much more to think about when estate planning than just a will, and estate planning is something everyone needs to think about, no matter your age. This is the first episode of two to help you get everything in order for you and your family so that when the time comes, you have what you need. We hope you will also tune in next week for more in-depth information on estate planning!

Episode 44: Student Loan Forgiveness

Wed, 31 Aug 2022 13:00:00 -0500

Stacey is back with more information covering current events, but this time, it's not about the market. By now, you've probably heard about the plan to forgive some types of student loans, but there were other changes and updates to student loan programs that may also impact you or people you know with student debt. Stacey is here to explain more about who may qualify for forgiveness and what other adjustments are being made to student loans. She also shares some insights on how this policy change impacts all of us and some things we all should think about when considering student debt for ourselves or those we care about.

Episode 43: Market Update

Wed, 24 Aug 2022 10:00:00 -0500

Stacey is here to give us an update on the current state of the market. It's not all sunshine and roses this week, but the sky isn't falling either. While things remain uncertain, there are always things you can consider doing to protect your financial and mental health, and Stacey shares several of those things with us in this episode. What helps you remain calm in times of uneasiness? We would love to hear your thoughts as well!

Episode 42: Make Good Choices Now

Wed, 17 Aug 2022 11:00:00 -0500

One of the overwhelming parts of meeting with a financial planner can be naming goals, especially if you are younger and simply trying to survive daily life. Maybe your goal is to survive, and that's ok! Today, Stacey is here to share how to reframe how we think about goals so that we don't have to put pressure on ourselves to know when to retire or exactly how much money we need 40 years from now. Making smaller good choices now will help later when we know more about what our goals are and if we have prepared well, we will already be well on our way to achieving those goals!

Episode 41: Home Equity Line of Credit

Wed, 10 Aug 2022 15:00:00 -0500

What is a home equity line of credit? Would it be helpful for you and/or your family or will it create added stress and squeeze your monthly cashflow too tightly? Stacey is here this week to answer some common questions and help explain some situations where a HELOC can be extremely helpful and times when it might be more harm than good.

Episode 40: Managing your retirement account (and your sanity) when the market is down

Wed, 03 Aug 2022 15:00:00 -0500

Do you look at your retirement account every week? Maybe even every day? Do you have a notification set up to let you know about your account balance on some consistent basis? How's your blood pressure these days... not great either? It's possible these things are more closely related than you think. Stacey is here this week to help you break the negativity cycle and give helpful advice on how to manage your retirement accounts and your stress level as the markets continue to fluctuate.

Episode 39: Recession 101

Thu, 28 Jul 2022 11:00:00 -0500

You can't turn on the news today without hearing the word recession, but most of us don't really know what that means or how it may impact our financial situation. Stacey is here to help us look past the headlines and clickbait to discuss if we really are in a recession, what that means to us and she breaks down some common terms you may be hearing in a way that everyone can understand. Even if you think you know everything about a recession, you'll want to listen up to hear what Stacey compares them to, we think you'll get a kick out of it!

Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Episode 38: Savings and Inflation

Wed, 20 Jul 2022 14:00:00 -0500

Inflation is a major buzzword these days, but it's impacting everyone differently. While many people are considering tapping into their savings these days, maybe you're in a place where your cashflow is good and you are looking for options to grow your savings. Stacey is here this week to share some suggestions about what to do with cash you may have on hand (first things first- replenish you emergency fund!) to get the most bang for your buck.

If you want to go back and listen to the episode on series I bonds, it can be found here!

Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Episode 37: Things to think about when buying a home

Thu, 14 Jul 2022 11:00:00 -0500

We all have looked at our favorite real estate listing website and thought "what a deal!" or "they're asking what?!" and we know that the current market, most of the time the list price isn't what someone will ultimately pay for a house. But what about the other costs incurred with buying a new home? You may buy an older home that needs some fixing or you may buy a bigger house that needs more furniture or requires more time and money invested in the regular maintenance. Today, Stacey shares some things to think about past the list price or the monthly mortgage payment of a new home. Buying a house should be fun, but unexpected expenses are not so listen up for how to be best prepared to buy a new home!

Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Episode 36: Reflecting on the First Half of 2022

Fri, 08 Jul 2022 12:00:00 -0500

We are half way through 2022! While the state of the economy is not necessarily something everyone wants to celebrate right now, it's not all doom and gloom. Stacey is here this week to walk us through some of the ways she is seeing hope for the second half of the year and why we should continue to stay the course and look forward to the future.

Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Episode 35: Credit Cards and Debit Cards

Fri, 01 Jul 2022 10:00:00 -0500

We all see the commercials all the time for different credit and debit cards and the “amazing” rewards available from various companies. But have you ever wondered how to decide what the best option might be for you? Stacey is here this week to give you some things to think about when determining how to use different cards and decide what might serve you the best and give you the best bang for you buck.

Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Episode 34: How to respond to the current market

Wed, 22 Jun 2022 13:00:00 -0500

You don’t have to be a financial expert to know that the current market is creating stress for a lot of people. Even if you don’t have a ton of money invested in the market or aren’t planning on buying a home, you’ve noticed increased prices at the gas pump and in the grocery stores. We talk to people every day who want to know what they should be doing in a time like this. Stacey is here to remind us of some best practices for managing your money on a day-to-day basis and then how we should be looking to the future (spoiler alert… it will be ok!).

Episode 33: What to do with your 401k when you change employers

Thu, 16 Jun 2022 07:00:00 -0500

This week, we are answering a listener question! The listener recently changed jobs and wanted to know what do with their 401k from their previous employer. Listen up as Stacey shares her suggestions for things to think about if you are facing a similar situation.

We love listener questions, so if you have something you’d like to hear Stacey chat about, let us know!

Episode 32: Summer Vacation

Tue, 07 Jun 2022 13:00:00 -0500

Summer is finally here which means it’s time to take a vacation! Stacey has some tips for how to navigate some of the current travel situations to make sure you and your family have the best vacation available to you. We hope you’ve been saving already, but with higher costs of just about everything, getting far away may not be in the cards for you. That’s ok, there are great ways to enjoy your own city! Already got that vacation fund ready to go? Great, Stacey will share some ways to make it stretch as much as possible! Listen up for some planning suggestions that will make your vacation more wonderful and less stressful this summer!

Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis TN 38137. (901) 422-7526, This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Episode 31: Housing Affordability

Wed, 25 May 2022 11:00:00 -0500

We are continuing our theme of topics related to the current markets, and this one has to do with the housing market! If you’ve been trying to buy a home lately, you know it’s tough out there. Maybe you’ve been thinking about renovating so you don’t have to buy/sell. That’s gotten tricky for some due to shortages of materials and labor. It’s hard to know what to do, but Stacey has some suggestions for things to think about as you weigh your options.

Episode 30: Stocks go down, as well as up

Tue, 17 May 2022 15:00:00 -0500

Last week, Stacey gave us a primer on inflation. Now that we understand that a little bit better, let’s dive into the current state of the market. We know it’s not great, but just because it’s not great, doesn’t mean it’s time to jump ship. Stacey has said it before, and reminds us today, this is a normal scenario for the market and even though it doesn’t feel good, it will be ok. If you’re feeling nervous, we hope this will help a little bit!

Episode 29: Inflation

Tue, 10 May 2022 12:00:00 -0500

It’s quite the buzzword these days and this week, Stacey is here to give you a quick rundown of inflation and what it means you and your financial health. Make sure you subscribe to our podcast- Better Financial Health in 15 Minutes (or less!) so you won’t miss next week’s discussion on what the current market volatility means for you!

Episode 28: Backdoor Roth

Tue, 03 May 2022 15:00:00 -0500

This week, we’ve got something a little different! Stacey is here to talk about what a backdoor Roth is and how you could use it to your benefit to grow your retirement savings. If you’re not familiar, check out Stacey’s primer on how a backdoor Roth works and how to go about implementing it in your financial toolbox!

Episode 27: Permission to make a mistake

Tue, 26 Apr 2022 10:00:00 -0500

In some of our recent episodes, we’ve talked about how your financial situation can impact your life in multiple ways. Debt can drain the joy from your life, knowing your financial values can empower you to spend on the things that make you feel fulfilled and this week, Stacey reminds listeners that it’s ok to take a chance as you find your way in your career, even if that means taking a pay cut. If you have already worked your way through life, we hope you will use this episode as a reminder to encourage the younger people in your life that they are not stuck and maybe share your story with them. Show of hands, how many listeners are not working in the field they planned to enter after college?

Episode 26: Assessing your financial values and goals

Wed, 20 Apr 2022 11:00:00 -0500

We encourage everyone to start saving money early, and we encourage people to save portions of what they make, but should saving come at the expense of your joy and doing the things you really want to do and can feasibly do? Maybe not. Stacey shares this week about how to make sure your short-term and long-term goals are in alignment with your financial values- the things that matter most to you as a person.

Episode 25: Making the Most of Your Tax Return

Tue, 05 Apr 2022 16:00:00 -0500

You finished doing your taxes and either are excitedly awaiting your refund or dreading sending in what you owe to the IRS. But once you have filed your taxes, it’s time to put that tax return to work by learning from it! In this episode, Stacey offers some things to look for to help you plan your finances so that you can get the most out of your money.

Episode 24: Paying Off Debt

Tue, 05 Apr 2022 10:00:00 -0500

What should you prioritize when paying off debt? There are several ways of thinking about it, but Stacey is here to share her thoughts. As we’ve discussed before, money is more about feelings than math and debt can create a lot of feelings for people. Learn some tips for how to manage your debt so that you can live a healthier life financially and emotionally! In this episode, Stacey mentioned the “leaky bucket” and how people leak money. You can listen to that episode here https://www.buzzsprout.com/1818372/9369526 .

Episode 23: Money is Not Only About Math

Tue, 29 Mar 2022 11:00:00 -0500

Being bad at math is not a good excuse for being bad with money because money is not about math! Stacey is here this week to explain to us how feelings impact our decisions about money and how money impacts our relationships. Do you struggle to talk about money in your relationships? Listen up for some great tips to make it a little easier to lighten the burden money may be putting on your relationships.

Episode 22: Worry Has Never Solved Any Problems

Wed, 16 Mar 2022 08:00:00 -0500

It’s hard to turn on the news right now and not be concerned about the state of our world and the economy. However, Stacey is once again here to remind us that we don’t have to be scared and to look at the big picture. In this episode, Stacey offers some small things you can do now to make a difference in your pocketbook, but also tell us how long-term investments are built to withstand market fluctuations.

Episode 21: Series I Bonds

Tue, 08 Mar 2022 11:00:00 -0600

Are you familiar with series I bonds? If not, Stacey is here this week to tell you what you need to know about these bonds and how to use them to help you reach your financial goals. Even if you have heard of I bonds, Stacey has some things to keep in mind to make sure you are getting the most bang for your buck!

Episode 20: Being a Conscientious Charitable Giver

Wed, 23 Feb 2022 10:00:00 -0600

There are plenty of places to give your money in order to help our community, and this week Stacey is offering some things to think about as you open your heart and your wallet to help our neighbors in need. Are there organizations where your gift will have a greater impact? How can you build trust with the organization you are giving to? And how can you benefit your tax situation by making donations? While every gift to every organization helps, we’ve got some great things to think about to make sure you are being a conscientious giver and doing the most with your charitable donations.

Episode 19: How to (or not to) Combine Finances

Mon, 14 Feb 2022 14:00:00 -0600

Money is hard enough to manage on your own, but add in another person, and it could get even harder! On this week's episode, Stacey draws upon her years of experience working with clients to share some of her tips for navigating this transition. She shares some helpful conversations you and your partner can have and things to think about so that you both can continue to work toward better financial health. Thanks for listening!

Episode 18: College Saving Plans

Wed, 09 Feb 2022 11:00:00 -0600

Last week, we discussed estate planning, and today we are tackling another aspect of giving and saving for families- college savings plans. Stacey discusses several types of plans you should consider, as well as how these plans can benefit your family. She shares several options for spending those plans (it doesn’t have to JUST be a four-year college!) that perhaps you were not aware of already. Grandparents, this episode is for you, too! Learn about your options to help save for your family’s education for generations to come!

Episode 17: Managing Relationships in Estate Planning

Thu, 27 Jan 2022 12:00:00 -0600

Stacey is here this week to offer some guidance on the part of estate planning that often gets overlooked: telling your loved ones why you made the choices you did. You don't have to justify your choices, as Stacey says "it's your money!" but explaining how you want things to be distributed while you are still alive can go a long way in allowing your family members to understand exactly why you made the choices you did instead of them guessing once you are gone. Listen to this episode for more reasons on how to approach a conversation about estate planning and why you should have it now in order to best prepare the ones you love.

Episode 16: Cryptocurrency

Mon, 24 Jan 2022 14:00:00 -0600

This week, Stacey is tackling cryptocurrency. Don't worry, this is a very simple breakdown of what, why and how for all of us wondering if we're missing out on something amazing or not. Stacey shares her thoughts on how to look at bitcoin and other cryptocurrencies so you can decide if it's the right move for you. We hope that after you listen, you feel like you can make healthier financial decisions on if the "wave of the future" is for you or not.

This podcast is intended strictly for educational purposes only and is not a recommendation for or against cryptocurrency.

Episode 15: Market Volatility

Wed, 12 Jan 2022 14:00:00 -0600

Stacey is ready to help you face your fears about the current state of the market. She reminds us that the market’s “normal” is ever changing…and that’s ok! Sometimes, all we need is a little help from our friends and in this episode, Stacey will be that friend to give you some positive thing to think about in moments when you’re just not sure.

Episode 14: Planning for Financial Success in 2022

Thu, 30 Dec 2021 08:00:00 -0600

The new year is just around the corner, and Stacey is here to help you go into 2022 with a healthier financial mindset! She shares some questions to ask yourself as you reflect on how you spent money in the past and ways to plan for the future. Do the work now so that you can live a happier, healthier life in 2022 and beyond. Thanks for listening and happy new year!

Episode 13: Year-End Planning

Wed, 17 Nov 2021 15:00:00 -0600

As we enter the holiday season, Stacey wanted to cover how to start your year-end planning! She covers a few things that were passed in the tax act that might be of use to you this year if you make charitable contributions. Stacey gives you some tips on how to be deliberate with your spending during these next few months. Thanks for tuning in to Better Financial Health in 15 minutes (or less!).

Episode 12: Update! Student Loans pt. 2

Fri, 12 Nov 2021 09:00:00 -0600

There have been some updates regarding student loans since we last covered them in Episode 5. Stacey provides some insight on these updates and how you can work with your payments to have them benefit you the best. Thanks for tuning in!

Episode 11: Open Enrollment...simplified

Fri, 29 Oct 2021 08:00:00 -0500

It’s that time of year. No, not the holidays…. but your inbox being flooded with Medicare open enrollment information. This can seem incredibly overwhelming. But in this episode, Stacey breaks down why it is important to go ahead and get that taken care of and why it isn’t as intimidating as it seems. We also have a blog post on our website that goes more into detail so make sure to check that out to.

Episode 10: How to Avoid Leaking Money

Thu, 14 Oct 2021 13:00:00 -0500

Figuring out where to find money to save isn’t always easy. This episode covers how you can sit down and look at where you might be leaking money. It is important to do this, so you don’t have to cut out the things that you really love (i.e., your daily Starbucks run!). The sooner you can start getting your savings up, the quicker you can start reaping the benefits of doing so. Thanks for tuning in!

Episode 9: Navigating Your Financial Planning Goals

Wed, 15 Sep 2021 09:00:00 -0500

If you are someone who has no real idea of what you want your retirement to look like, but still feel like you need to be saving towards an “end goal”, this is the episode for you! It is hard to know exactly what your future will look like, at any age, but especially if you are under thirty. And that’s okay! Stacey talks about how you can be saving money when you aren’t exactly sure what you want to be saving for at this moment in your life and why it is important to save unexpected opportunities when you’re young.

Episode 8: Investing pt. 2 - How To Start Investing On Your Own

Fri, 03 Sep 2021 09:00:00 -0500

This week’s episode is on investing! In episode 2 we covered investing in your 401(k), but this week we are looking at the different ways to invest on your own. Stacey gets into why it is important to have a diversified portfolio and what that even means, index and exchange traded funds, and her tips on how to get more consistent returns over time. She covers why you don’t always need to buy the “sexy” stock that all your friends may be buying.

Passively managed funds, such as index funds or exchange-traded funds, typically invest in the same securities that make up a particular market index in an attempt to match the performance of that index. Because there is less work involved with managing passive funds, they tend to have lower fees than actively managed funds. A passively managed fund does not have a management team making investment decisions.Instead, the fund manager creates a fund portfolio that includes most, if not all, of the associated index’s holdings with the goal of trying to achieve the same returns as the index. Instead of making numerous and frequent trades, which occurs with active management, passively managed funds typically hold onto their underlying securities for the long run. Long-term growth and portfolio diversity, which can help minimize risk, are key advantages of passively managed funds.

Episode 7: Life Insurance. Do you really need it?

Thu, 26 Aug 2021 13:00:00 -0500

Welcome back! This episode Stacey covers life insurance. She goes into details about who typically needs life insurance, breaks down the difference between term life insurance and permanent life insurance, and how to know if you are getting the best rates for you.

Episode 6: Getting to Know Me

Thu, 19 Aug 2021 14:00:00 -0500

Bonus episode! We wanted to give you a bit more insight as to who Stacey is! Stacey discusses her background, her family, how she got into financial planning, and why you might catch her in Colorado for extended periods of time! Thanks for tuning in.

Episode 5: What You Need to Know About Student Loans

Thu, 12 Aug 2021 10:00:00 -0500

It is back to school time so you know what that means....the return of dreaded student loans! They can be helpful and harmful at the same time. Stacey gives you a few tips to navigate the ins and outs of student loans to make sure you are doing the smartest thing for your future.

Episode 4: Tackling Financial Organization

Wed, 28 Jul 2021 11:00:00 -0500

We understand...organizing your finances can seem incredibly overwhelming! But in this episode, Stacey gives you a few "best practices" to make organizing your finances a lot less daunting - and your life that much easier.

Episode 3: Investing in Your 401(K)

Wed, 21 Jul 2021 13:00:00 -0500

Now that you know how to begin saving in your 401(K), the other part of it is investing. Stacey shares some her tips and tricks on ways you can start investing in your 401(K).

Episode 2: Saving in Your 401(K)

Tue, 13 Jul 2021 14:00:00 -0500

Have you ever heard people talking about saving and investing in your 401(K), but you don't exactly know where to start? In this episode, Stacey explains how you can start saving in your 401(K) so you aren't leaving money on the table.

Intro & Budgeting Basics

Tue, 13 Jul 2021 13:00:00 -0500

Welcome to Better Financial Health in 15 minutes (or less)! Stacey Hyde is a CFP from Memphis, Tennessee and is the President of Envision Financial Planning. On this first episode, Stacey introduces herself then jumps right into some budgeting basics.

Starting a podcast has been something Stacey has wanted to do for awhile, and she is excited to start this journey with you all!