The Financial Harmony™ Podcast

Why High Earners Don't Need to Look Poor to Build Real Wealth

Tue, 25 Aug 2026 18:00:00 -0500

High-income earners don't have to look poor to be rich. In this episode, Dr. Preston Cherry pushes back on the "look poor to get rich" trope and unpacks why it's overused, overstated, and often rooted in shame-based spending advice.

If your money, values, and plan are aligned, you should be able to spend in ways that reflect who you are without guilt or explanation. Dr. Cherry traces where the "look poor" mindset came from, why frugality only works when it matches your personality and values instead of becoming a moral performance, and why chronically underliving your means can quietly become its own form of financial and emotional harm, one that often surfaces later in retirement when people can't turn off the savings switch.

He separates spending to impress others from intentional spending that supports identity and well-being, and reframes the real question from "Can I afford this?" to "Does this support who I am and my plan?" Aligned spending isn't about the dollar amount. It's about whether your money reflects your actual values.

Not sure if you have the financial flexibility to choose what's next? Take the Gen X Financial Flexibility Scorecard. Free, two minutes: https://concurrentfp.typeform.com/genx-scorecard

Ready to talk through your own plan? Schedule a Financial Clarity Consultation: https://www.concurrentfp.com/schedule/

Until next time, we'll chop soon.

The Financial Harmony™ Podcast is produced by Concurrent Wealth Management. Dr. Preston Cherry, CFP®, Ph.D., is the founder and a dollar-based flat-fee fiduciary financial advisor based in Houston.

He works directly with high-income Gen X professionals and oil and gas executives on retirement, tax, and investment decisions through comprehensive financial planning and integrated investment management.

Learn more at concurrentfp.com

Is Paying a Financial Advisor 1% Too Much? (What You’re Missing)

Tue, 14 Apr 2026 15:00:00 -0500

Is paying a financial advisor 1% too much?

It’s one of the most common questions people ask before hiring an advisor—and one they often revisit after they start paying the fee.

In this episode, Dr. Preston Cherry breaks down:

What a 1% AUM fee actually costs over time
Why fees increase automatically as portfolios grow
Where mistrust in financial advice comes from
The differences between AUM, flat fee, fee-only, and advice-only models
What fiduciary really means in practice
Why more people are moving away from the 1% model

This isn’t just about cost.

It’s about whether your fee structure is working for you or against you over time, and what that means for your long-term financial outcomes.

Explore more:
Flat-fee, life-aligned financial planning
https://www.concurrentfp.com/

Subscribe for weekly episodes on money, meaning, and alignment.
Follow: @DrPrestonCherry

Learn more at concurrentfp.com

Trust, Freedom, and the Future of Finances & Civilization: A Conversation with George Kinder

Mon, 02 Mar 2026 09:00:00 -0600

If trust erodes, your money feels it.

Markets depend on it. Institutions rely on it. Your financial future is built on it.

In this conversation, Dr. Preston Cherry and George Kinder examine why courage, not algorithms, will determine whether trust holds or collapses.

👉 Take the Retirement Alignment Scorecard:
https://concurrentfp.typeform.com/genx-scorecard

This episode moves beyond traditional financial planning. It explores how personal alignment scales into institutional responsibility and why the stability of your retirement, investments, and career is inseparable from the integrity of the systems around you.

George Kinder, pioneer of the life planning movement and author of The Three Domains of Freedom, joins Dr. Cherry to examine the powerful connection between personal purpose, institutional trust, and the future of civilization.

They discuss:

• Why courage, not technology, determines whether your financial life drifts or aligns
• What happens to your retirement, investments, and career when institutional trust erodes
• Why high earners often feel financially successful but institutionally uneasy
• The hidden cost of misalignment between your values and your money decisions
• Why shareholder primacy affects more than corporations. It shapes your economic stability
• What Fiduciary In All Things means for your wealth, your work, and your future
• Why inspired workers outperform satisfied workers and how that impacts productivity, compensation, and growth
• How individual alignment scales into institutional reform
• Why trust is not emotional. It is economic infrastructure

If you care about personal freedom, financial purpose, ethical capitalism, and restoring trust in society, this episode delivers a clear interpretation of what is at stake.

Explore more:
Flat-fee, life-aligned financial planning
https://www.concurrentfp.com/

Financial Harmony™ Membership
https://www.concurrentfp.com/financial-harmony-membership/

Subscribe for weekly episodes on money, meaning, and alignment.
Follow: @DrPrestonCherry

Learn more at concurrentfp.com

AI Won’t Replace Advisors. But This Will.

Tue, 17 Feb 2026 14:00:00 -0600

AI isn’t the dystopia. Misvaluing the human elements is.

After an AI announcement from Altruist introducing advanced tax planning automation, wealth management stocks like Charles Schwab, Raymond James, and LPL Financial fell sharply. The narrative formed quickly: AI is replacing financial advisors.

That interpretation misses something deeper.

In this episode of Financial Harmony™, Dr. Preston Cherry interprets what the AI disruption narrative reveals about how we define financial advice — and where mistrust in the 1% AUM model actually comes from.

This is not a defense of advisors.
It’s a redefinition of value.

Topics addressed:

• Is AI replacing financial advisors?
• What AI automation actually changes in financial planning
• Why the 1% AUM debate is about more than price
• Flat-fee vs AUM alignment
• Why high-income investors still seek human advice
• What people actually want from a financial advisor
• How AI affects retirement planning confidence
• The difference between efficiency and relational accountability

Research consistently shows:

• Investors working with advisors report higher financial confidence.
• Advised households feel more retirement preparedness.
• Behavioral guidance prevents costly emotional decisions.
• Affluent investors prioritize clarity and complex decision support over performance chasing.

AI removes friction.
It improves pace.
It does not replace trust, context, or interpretive clarity.

If we define financial advice as spreadsheets, AI is a threat.
If we define it as navigating ambiguity, AI becomes leverage.

Financial advice has never been about beating the market.
It’s about helping people live with their financial decisions.

This episode examines:

• Advisor trust and fee alignment
• Why compensation structure impacts perceived value
• The real drivers behind AUM mistrust
• Whether automation strengthens or weakens fiduciary advice
• What happens when efficiency is mistaken for value

👉 Take the Retirement Readiness Scorecard:
https://concurrentfp.typeform.com/genx-scorecard

Explore more:
Financial Harmony™ Membership
https://www.concurrentfp.com/financial-harmony-membership/

Flat-fee, life-aligned financial planning
https://www.concurrentfp.com/

Subscribe for weekly episodes on money, meaning, and alignment.
Follow: @DrPrestonCherry

Learn more at concurrentfp.com

Preparing for Uncertainty in Life and Money

Tue, 10 Feb 2026 15:00:00 -0600

In this episode of the Financial Harmony™ Podcast, Dr. Preston Cherry explores how many of today’s most debated financial choices are less about tactics and more about managing exposure to the unknown.

It’s the tension between reacting and preparing.

Bitcoin shifts aren’t just portfolio moves. They reflect how investors respond to economic instability.
Mortgage prepayment isn’t only about interest rates. It can be an attempt to reduce future dependency before retirement.
Accumulation isn’t excess. It’s often preparation for volatility and long-term uncertainty.
Lifestyle simplification and cultural signals — even everyday preferences — reveal a deeper desire for reliability over complexity.

These conversations may seem unrelated.

They are not.

They’re not just return decisions. They’re uncertainty decisions.

When uncertainty rises, behavior changes.

This episode interprets that reality — without tactics, without hype, and without performance.

👉 Take the Retirement Readiness Scorecard:
https://concurrentfp.typeform.com/genx-scorecard

Explore more:
Financial Harmony™ Membership
https://www.concurrentfp.com/financial-harmony-membership/

Flat-fee, life-aligned financial planning
https://www.concurrentfp.com/

Subscribe for weekly episodes on money, meaning, and alignment.
Follow: @DrPrestonCherry

Learn more at concurrentfp.com

Gen X Followed the Rules. Here’s What Happened.

Fri, 06 Feb 2026 16:00:00 -0600

Gen X followed the rules.

Work hard.
Max the plan.
Delay gratification.
Trust the system.

And yet retirement feels fragile, spending feels wrong, and confidence in institutions keeps eroding.

This episode isn’t about interest rates.

It’s about what happens when a generation does “everything right” and still ends up boxed in. When retirement accounts solved accumulation but killed flexibility. When policy feels political, not procedural. When spending feels irresponsible even when money exists.

We unpack:

Why Gen X feels hustled by the promise of high achievement and retirement accounts
Why institutional trust is breaking down and what that signals beneath the surface
Why gold, policy theatrics, and market behavior reflect confidence erosion, not panic
Why spending guilt persists and what it reveals about control, identity, and choice

This is a conversation about money, culture, and judgment.
Not tactics. Not fear. Not hot takes.

If you’ve ever thought, “This wasn’t the deal,” this episode is for you.

👉 Take the Retirement Readiness Scorecard:
https://concurrentfp.typeform.com/genx-scorecard

Explore more:
Financial Harmony™ Membership
https://www.concurrentfp.com/financial-harmony-membership/

Flat-fee, life-aligned financial planning
https://www.concurrentfp.com/

Subscribe for weekly episodes on money, meaning, and alignment.
Follow: @DrPrestonCherry

Learn more at concurrentfp.com

Will High Earners Actually Pay Less Tax in Retirement?

Wed, 28 Jan 2026 08:00:00 -0600

High earners are often told they’ll be in a lower tax bracket in retirement.
For executives and business owners, that promise rarely holds up.

In this episode of the Financial Harmony™ Podcast, Dr. Preston Cherry breaks down why retirement taxes are often higher—and more complex—than people expect. While income may decline, taxable income often doesn’t, due to RMDs, taxable Social Security, Medicare IRMAA surcharges, and capital gains.

In this episode:

Why “lower” doesn’t always mean low for high-income retirees.
The hidden tax layers most retirement plans underestimate.
Why retirement income is often lumpy, not smooth.
Practical strategies for lifetime tax smoothing and withdrawal sequencing.

Segment highlights:

The Wealth Word: Why the “low-tax retirement” idea persists
The Signal: Cutting through noise, headlines, and false certainty in retirement planning
The Money Move: How tax brackets really work in retirement and what to plan for instead
Financial Harmony™: The financial and emotional investment we make in adult children—and how to audit it without guilt
Culture Corner: Why this podcast paused, and how alignment—not hustle—brought it back

🎯 Start here:

Take the Gen X Retirement Readiness Scorecard
https://concurrentfp.typeform.com/genx-scorecard

Go deeper:

Join the Financial Harmony™ Membership: https://www.concurrentfp.com/financial-harmony-membership/
Explore flat-fee fiduciary planning with Concurrent Wealth Management: https://www.concurrentfp.com

Subscribe for weekly conversations on money, meaning, and life alignment.
@DrPrestonCherry

Learn more at concurrentfp.com

5 Money Beliefs Making You Feel Broke (Remove These Beliefs ASAP)

Sat, 15 Nov 2025 09:00:00 -0600

🚨$250k+ household income and $500k+ assets...? You’re ready for a personalized plan! Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/

Want confidence that your retirement plan ACTUALLY works? Get it inside my Financial Harmony™ membership ($115/month) 👉 https://www.concurrentfp.com/financial-harmony-membership/

Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard
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You can make six figures, max your 401(k), and still feel broke inside.

A 2024 NerdWallet poll found 47% of Americans lack financial confidence — and even high earners say they “should be further along.” But your problem might not be income. It might be alignment.

In this episode, Dr. Preston Cherry shares the Five Permissions of Wealth™ — a powerful framework that replaces guilt, comparison, and confusion with clarity, confidence, and control. You’ll learn how to rewrite limiting money beliefs, align your spending with meaning, and plan from your story — not just your spreadsheets.

Ready to stop feeling behind and start living your wealth, your way? Take the Retirement Readiness Quiz, join our Financial Harmony™ membership, or schedule your no-cost good fit meeting below.

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Ready to align your wealth with your well-being? Here’s where to start:

1️⃣ Take the Financial Harmony™ Quiz - See your Retirement Readiness Scorecard and discover where your plan and purpose meet. https://www.concurrentfp.com/financial-harmony-membership/

2️⃣ Join the Financial Harmony™ Membership - Go deeper with group-based fiduciary guidance, interactive workshops, and community support built for high-income Gen X professionals. https://www.concurrentfp.com/financial-harmony-membership/

3️⃣ Explore all-inclusive flat-fee financial planning services - If your needs require customized 1:1 planning, schedule a no-cost good fit meeting to see how Concurrent Wealth Management can help you design a personalized plan aligned with your values and goals. https://www.concurrentfp.com/

4️⃣ Subscribe & Stay Connected for weekly episodes that help you live your wealth, your way. @DrPrestonCherry
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TIMECODES:
00:00 - Introduction
00:13 - Feel Guilty About How You Spend Your Money?
00:34 - Why You Don’t Feel Financially Confident
01:05 - Mindset & Money Shifts Which Help You Feel Confident
01:49 - How To Stop Feeling Financially Stuck
04:19 - The Framework That Aligns Your Money With Your Mindset
05:24 - How to Build True Financial Confidence
06:35 - Align Your Money To Your Purpose
07:20 - Moment to Check In
07:47 - Align Spending With What Actually Matters to You
09:19 - Adapt Your Finances to Life’s Changing Seasons
10:27 - Your Story Shapes Your Financial Strategy
11:51 - Outro

financial harmony, Gen X retirement, money psychology, wealth and well-being, retirement planning, tax planning, investing for gen x, money mindset, financial wellness, personal finance

#FinancialHarmony #MoneyMindset #FinancialConfidence #WealthMindset #FinancialTherapy #GenXWealth #BehavioralFinance #MoneyBeliefs #PurposeDrivenWealth #FinancialPlanning

Learn more at concurrentfp.com

Over 50? Watch This — You’ll Catch Up on Your Retirement

Thu, 02 Oct 2025 07:00:00 -0500

🚨$250k+ household income and $500k+ assets...? You’re ready for a personalized plan! Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/

Want confidence that your retirement plan ACTUALLY works? Get it inside my Financial Harmony™ membership ($115/month) 👉 https://www.concurrentfp.com/financial-harmony-membership/

Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard

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Over 50? Watch This — You’ll Catch Up on Your Retirement

Starting in 2026, if you earn $145,000 or more, your 401(k) catch-up contributions MUST go into a Roth - not pre-tax like before.

That’s not just a big tax change - it’s a huge opportunity for late starters in their 50s and early 60s.

If you’re between 50 and 63, this video walks you through the 5 exact steps to turn this new law into a retirement catch-up plan that works - even if you feel behind.

You’ll learn how to use super catch-ups (up to $34,750/year!), layer in Roth and brokerage savings, build a “retirement bridge” before Medicare or Social Security kicks in, and invest with confidence - not confusion.

Forget feeling late. This is your decade to win.

In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, and Founder of Concurrent Wealth Management) breaks down the 2025-2026 contribution limits, smart Roth planning, tax-efficient savings buckets, and how to actually retire on your terms.
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What You’ll Learn in This Video 👇
✅ The 2026 Roth catch-up rule for high earners (and why it matters)
✅ How to contribute up to $34,750/year - even if you’re starting late
✅ How to sequence savings across 401(k), Roth, HSA & brokerage
✅ Why tax diversification beats “just save more” in your 50s
✅ The “brokerage bridge” strategy to retire before Medicare
✅ How to smooth your income in early retirement without tax spikes
✅ How to build a 90-day and annual rhythm that compounds confidence

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Who Is This Video For?
📌 Gen X (50s - early 60s) professionals preparing for retirement
📌 High-income households earning $145K+
📌 Couples wondering if it’s “too late” to catch up
📌 Anyone confused by Roth rules, catch-ups, and tax strategy
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🚨 Gen X, older millennials & pre/early retirees, with $250k+ household income and $500k+ assets... Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/

Want clarity & control around your plan - without $6K+ annual advisor fees? Join my Financial Harmony™ membership for $115/month 👉 https://www.concurrentfp.com/financial-harmony-membership/

Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard

👉 Subscribe for weekly, values-aligned wealth insights: @DrPrestonCherry

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Learn more at concurrentfp.com

Where Most Retirement Plans Secretly FAIL (And You Won’t See It Coming)

Mon, 22 Sep 2025 07:00:00 -0500

🚨 Gen X, older millennials & pre/early retirees, with $250k+ household income and $500k+ assets... Are you ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/

Want confidence that your retirement plan ACTUALLY works - without paying $6K+ a year? Get it inside my Financial Harmony™ membership for just $115/month 👉 https://www.concurrentfp.com/financial-harmony-membership/

Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard
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Most people think retirement plans fail because of the market, taxes, or not saving enough. Those are big - but not the real reason most plans quietly fall apart.

In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, and Founder of Concurrent Wealth Management) reveals the real breakdown point in most life and retirement plans: misalignment.

When your money no longer supports your actual life - your values, time, and energy - everything starts to fray. You’re doing all the “responsible” things, but feeling stuck in decision fatigue and endless money tweaks that never feel done.

This episode shows you how to re-center your plan using Clarity, Confidence, Cadence, and Control - and introduces the 90-second reset that’s already helped dozens of Gen X professionals feel peace around money again.

If you’re juggling careers, kids, aging parents, and still trying to “optimize” retirement in the background - this one’s for you.

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What You’ll Learn in This Video 👇
✅ Why most plans fail before the market drops - and what to watch for instead
✅ How financial noise (media, pressure, “rules”) paralyzes decision-making
✅ The silent tax of decision fatigue - and how it shows up in everyday finances
✅ The 3 major drifts that derail your rhythm: cash, calendar, and cognition
✅ A 90-second reset to align your season, values, and spending with zero spreadsheets
✅ Two tiny tweaks that boost clarity & control (fun card + automating the boring)
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Who Is This Video For?
📌 Gen X (40s - 50s - early 60s) professionals preparing for retirement
📌 High-achieving households juggling multiple financial priorities
📌 Couples trying to align money conversations with actual life
📌 Anyone tired of advice that feels like pressure instead of peace

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🚨 Gen X, older millennials & pre/early retirees, with $250k+ household income and $500k+ assets... Are you ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/

Want confidence that your retirement plan ACTUALLY works - without paying $6K+ a year? Get it inside my Financial Harmony™ membership for just $115/month 👉 https://www.concurrentfp.com/financial-harmony-membership/

Take the Gen X Retirement Readiness Quiz...📊
https://concurrentfp.typeform.com/genx-scorecard

👉 Subscribe for weekly, values-aligned wealth insights: @DrPrestonCherry
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#RetirementPlanning #GenX #FinancialHarmony #MoneyMindset #DecisionFatigue #FinancialAlignment #CashFlowPlanning #LifeMoneyBalance #FlatFeePlanner #RetireOnTime #ClarityConfidenceCadence #ValuesBasedPlanning #FinancialTherapist #PrestonCherry #WealthInTheKeyOfLife

Learn more at concurrentfp.com

This Secret Retirement Cost Could DELAY Your Retirement By 3+ Years

Wed, 17 Sep 2025 06:00:00 -0500

Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/

Take the Gen X Retirement Readiness Quiz 🚨 https://concurrentfp.typeform.com/genx-scorecard
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Healthcare is the sleeper cost that can quietly delay retirement by 3+ years. In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down the real price of healthcare in retirement - and how to plan for it before it hijacks your date.

Fidelity’s 2025 estimate puts a 65-year-old’s average lifetime healthcare spend at ~$172,500 after tax (up ~4% YoY), and MarketWatch notes it’s more than doubled since the early 2000s. Meanwhile, Advisor Perspectives highlights Gen X confidence gaps and competing pressures that make this easy to overlook. This video turns those numbers into a clear plan you can use now.

This isn’t about fear. It’s about building a healthcare-aware retirement plan - so your life drives your money, not the other way around.

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What You’ll Learn in This Video 👇
✅ The hidden line items Medicare doesn’t cover (dental, vision, LTC) and why premiums/deductibles still matter
✅ The $172,500 reality: why healthcare inflation outpaces wages/savings - and how to budget it proactively
✅ The costly “62 - 65 bridge”: options (spouse plan, ACA, COBRA, private) and how to avoid subsidy/IRMAA surprises
✅ Five smart Gen X moves: HSA strategy, Roth conversions with IRMAA awareness, catch-ups, stress-testing LTC, annual guardrails
✅ A simple 90-second audit to add a healthcare line to your plan and set annual IRMAA/tax checkpoints
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Who Is This Video For?
📌 Gen X (40s - 50s - early 60s) building a healthcare-aware retirement plan
📌 DIY planners who want clear guardrails (IRMAA/ACA/social security tax interactions)
📌 Couples coordinating pre-Medicare coverage and Social Security timing
📌 Professionals who prefer transparent, values-first planning over guesswork

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Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/

Subscribe for weekly, data-driven retirement strategies 👇
YouTube: @DrPrestonCherry

Take the Gen X Retirement Readiness Quiz 🚨
https://concurrentfp.typeform.com/genx-scorecard
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#RetirementPlanning #GenX #HealthcareCosts #Medicare #IRMAA #ACASubsidies #HSA #RothConversions #LongTermCare #FinancialPlanning #TaxSmartRetirement #PreMedicareBridge #RetireOnTime #WealthInTheKeyOfLife #MoneyMindset

Learn more at concurrentfp.com

Stop! Don’t Convert to Roth Until You Watch This (or you’ll overpay)

Sat, 13 Sep 2025 10:00:00 -0500

Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/
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Roth conversions can be a tax win - or an expensive mistake.

In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) shows exactly when conversions work, when they don’t, and how to size yours without tripping Medicare IRMAA, ACA subsidy cliffs, or phaseouts.

You’ll learn the “retirement tax valley” timing, how to calculate your conversion room, and the guardrails that keep a smart move from turning costly.

This isn’t about hacks. It’s about aligning taxes, timing, and your life- so you build durable, tax-free income with confidence.

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What You’ll Learn in This Video👇
✅ The 3 rules for a winning Roth conversion (rate arbitrage, income smoothing, no surcharge surprises)
✅ “Retirement tax valley”: the window after work, before SS/RMDs when conversions shine
✅ How to calculate this year’s conversion room (“fill, don’t spill”) and pay tax without penalties
✅ Law changes to watch: wider lower brackets vs. hidden phaseouts that raise your effective rate
✅ IRMAA & ACA tripwires: how $1 over a tier can add $3,000 - $6,000 in premiums next year
✅ Pro-rata rule (Form 8606), asset location after you convert, and the Dec 31 hard deadline
✅ Case study: multi-year plan → lower lifetime taxes, fewer surcharges, bigger ending Roth
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Who Is This Video For?
📌 Gen X & Boomers in their 50s - 60s eyeing conversions in the gap years
📌 High earners with RSUs/bonuses who don’t want to overpay by converting in peak years
📌 DIY planners who want a clear formula and simple guardrails
📌 Couples planning Social Security/RMD timing and survivor tax exposure

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Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/

Subscribe for weekly, data-driven retirement strategies👇
YouTube: @DrPrestonCherry

Take the Gen X Retirement Readiness Quiz 🚨
https://concurrentfp.typeform.com/genx-scorecard
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Learn more at concurrentfp.com

My Honest Thoughts To Anyone Working Past 59... RETIRE ASAP

Mon, 08 Sep 2025 06:00:00 -0500

Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/
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Most retirement plans obsess over how long you’ll live (lifespan) and miss the years you’ll live well (healthspan).

In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) shows Gen X how to plan for the years you’re healthiest, most active, and most fulfilled - and how to align money to life stages, not just birthdays.

You’ll learn a simple framework to fund your “go-go” years, protect the “slow-go,” and prepare for the “no-go” - without oversaving your best years away.

This isn’t about perfection. It’s about harmony - so you can live your wealth, your way.

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What You’ll Learn in This Video:
✅ Healthspan vs Lifespan: the difference, why it matters, and what the latest stats imply for Gen X
✅ Life-Stage Planning over Age-Based Rules
✅ The Oversaving Trap: how underspending in your prime steals joy - plus a sane spend plan by vitality phase
✅ Practical Healthspan Moves: preventive care cadence, fitness & recovery basics, and long-term care planning while premiums are lower
✅ A Life-Stage Budget Overlay: align cash flow to energy levels, not just actuarial life expectancy
✅ Review Rhythm: quarterly “Health & Wealth” check-ins to adjust spending, travel, care, and coverage as needs change
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Who Is This Video For?
📌 Gen X - within 5–15 years of retirement
📌 High earners/business owners who want freedom without fear
📌 Couples coordinating lifestyle, caregiving, and survivor planning
📌 DIY investors who want a clear, values-first, stage-based plan

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Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/

Subscribe for Weekly, Life-Stage Retirement Strategies👇
YouTube: @DrPrestonCherry

Take the Gen X Retirement Readiness Quiz 🚨
https://concurrentfp.typeform.com/genx-scorecard
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Key Words linking To This Topic:
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#GenX #Healthspan #RetirementPlanning #Longevity #LifestyleDesign #FinancialWellness #RetireOnYourTerms #RetirementIncome #LongTermCare #GoGoSlowGoNoGo #PurposeInRetirement #LifeMoneyBalance

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57% of Retirees Regret Not Doing These 5 Things Earlier

Mon, 01 Sep 2025 06:00:00 -0500

Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/

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57% of Gen Xers regret not starting retirement savings earlier - but that’s not the only miss.

In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down the 5 most common money regrets derailing Gen X - and shows you a simple 4R Framework to realign fast.

This isn’t about shame. It’s about turning regret into a plan you can live with (and stick to).
-

What You’ll Learn in This Video
✅ The 5 big regrets: late saving, too much debt, kids’ college over retirement, no estate plan, no professional guidance
✅ Why Gen X carries the highest non-mortgage debt - and how to start unwinding it
✅ The 4R Framework (Review, Reframe, Reprioritize, Rebuild) to reset in minutes, not months
✅ Real numbers: how a strong savings rate in your 40s/50s can still target early 60s retirement
✅ How to rebalance cash flow (college vs. retirement), reduce decision fatigue, and create harmony
✅ The one-page “Financial Harmony Brief” to align values, cash flow, and action

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Who Is This Video For?
📌 Gen X (ages ~43–59) who feel “behind” despite solid income
📌 Parents funding college while sacrificing retirement
📌 DIY investors craving structure, not spreadsheets
📌 Professionals who want clarity, cadence, and control - without shame
-

Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/

Subscribe for Weekly, Data-Driven Retirement Strategies👇
YouTube: @DrPrestonCherry

Take the Gen X Retirement Readiness Quiz 🚨
https://concurrentfp.typeform.com/genx-scorecard

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#GenX #RetirementPlanning #MoneyRegrets #DebtFreeJourney #EstatePlanning #CollegeVsRetirement #FinancialAdvisor #FinancialTherapy #CashFlow #WealthPlanning #RetirementIncome #CatchUpContributions #LateStarter #FinancialHarmony #LifeMoneyBalance

Learn more at concurrentfp.com

Why Smart Retirees Claim Social Security at 62 (Not 70)

Tue, 19 Aug 2025 06:00:00 -0500

Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/
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Is “wait until 70” always best? Not for every Gen Xer. In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down 3 smart reasons Gen X might want to claim Social Security at 62 - and when it doesn’t make sense. You’ll see how early benefits can protect your portfolio, reduce stress, and align income with the life you actually want to live.

This isn’t about chasing a perfect number. It’s about aligning your life and your money - so you can live your wealth, your way.

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What You’ll Learn in This Video
✅ The 3 smart reasons to consider claiming at 62
✅ Why break-even age isn’t the only metric that matters
✅ How early Social Security can reduce sequence-of-returns risk and smooth withdrawals
✅ A simple spouse strategy: lower earner early, higher earner later for a stronger survivor benefit
✅ Key guardrails if you’re still working (Earnings Test), plus taxes on benefits and basic IRMAA timing awareness
✅ How to fit Social Security into an overall retirement income plan (Roth, brokerage, IRA/RMDs)
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Who Is This Video For?
📌 Those weighing early retirement or partial work
📌 Couples coordinating benefits and survivor income
📌 DIY investors who want a clear, values-first income plan
📌 Professionals seeking flexibility, not one-size-fits-all rules

-
Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/

Subscribe For Weekly, Data-Driven Retirement Strategies👇
YouTube: @DrPrestonCherry
-

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#SocialSecurity #GenX #RetirementPlanning #SocialSecurityAt62 #ClaimEarly #GenXRetirement #RetirementIncome #BreakEvenAge #SpousalBenefits #SurvivorBenefits #IRMAA #RMDPlanning #TaxSmartRetirement #SequenceRisk #RothVsPreTax #RetireOnYourTerms #GuaranteedIncome #MedicarePlanning #SSA #InflationAdjustedIncome #RetireConfident #RetirementStrategy #FinancialFreedom #WealthInTheKeyOfLife #MoneyMindset

Learn more at concurrentfp.com

Can You REALLY Retire at 50 vs 60 With $1.5M? | CFP Case Study

Mon, 11 Aug 2025 05:00:00 -0500

Want a clear answer on retiring at 50 vs 60 with $1.5M? Book a free retirement readiness call 👉 https://www.concurrentfp.com/
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Is $1.5M enough? In this data-driven case study, Dr. Preston Cherry (Financial Planning Ph.D., Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down two real scenarios: retiring at 50 and at 60 - using realistic spending, taxes, and market assumptions. You’ll see how sequence-of-returns risk, Social Security timing, and a Guardrails-based withdrawal plan can turn a shaky “number” into a confident strategy.

This isn’t about chasing someone else’s blueprint. It’s about aligning your life and your money - so you can live your wealth, your way.

-
What You’ll Learn in This Video
✅ $1.5M at 50 vs 60: which is a green light - and which needs guardrails
✅ How sequence-of-returns risk can make or break early retirement
✅ The Retirement Guardrails method: set a safe range, track, and adjust (without panic)
✅ When to pull back 10 - 15% - and when to lean in after strong returns
✅ Social Security timing trade-offs (62 vs later) and how it buffers the plan
✅ Why comparison is the real trap - and how to design an aligned retirement
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Who Is This Video For?
📌 Ages 45 - 65 deciding between retiring now vs waiting a few years
📌 Couples targeting $1M - $2M+ and spending roughly $80K - $150K/yr
📌 DIY investors who want a simple, rules-based withdrawal plan
📌 Professionals who value clarity, flexibility, and purpose-driven planning

-
Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/

Subscribe For Weekly Data-Driven Retirement Strategies👇
YouTube: @lifemoneybalance
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#RetirementPlanning #EarlyRetirement #RetireAt50 #RetireAt60 #FinancialIndependence #RetirementIncome #SequenceRisk #SocialSecurity #WealthPlanning #RetirementCaseStudy #MoneyTips

Learn more at concurrentfp.com

Most People Miss This Before Retiring

Mon, 04 Aug 2025 05:00:00 -0500

In this conversation, Dr. Preston Cherry breaks down a side of retirement most people overlook: the emotional shift. It’s not just about saving enough—it’s about preparing for a whole new identity and way of living. He shares a framework that helps you rethink retirement with tools like identity checks, relationship mapping, and time design. The goal? A life that feels as good as it looks on paper.

Takeaways:
• Confidence Gap: Gen X isn’t feeling ready
• It’s an Identity Shift: Not just a savings goal
• First Year Feels: Expect emotional ups and downs
• Purpose Matters: Plan more than just finances
• Rethink Daily Life: Design your post-retirement days

00:00 Intro
00:47 The Importance of Emotional Preparation for Retirement
01:52 The Retirement Life Readiness Framework
03:00 Designing Your Next Chapter on Purpose

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Learn more at concurrentfp.com

Top 5 Gen X Money Regrets (And How to Fix Them)

Mon, 28 Jul 2025 07:00:00 -0500

Gen X’s Biggest Money Regrets—And How to Fix Them

Dr. Preston Cherry opens up about the top financial regrets Gen X faces—from late retirement saving to piling on debt. The good news? It’s not too late to turn things around.

In this eye-opening conversation, Dr. Cherry shares how Gen Xers can shift from regret to resilience with simple mindset changes and a values-based wealth plan. Whether it’s saving more, cutting debt, or protecting your legacy—small steps today can lead to big changes tomorrow.

Takeaways:
• Start saving early
• Tackle your debt
• Plan for you, not just kids
• Protect your legacy
• Get expert help

00:00 Intro
00:41 Understanding Gen X's Financial Regrets
02:09 The 4R Framework
04:38 Final Thoughts

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Learn more at concurrentfp.com

What a TOD Deed Can Do for Your Estate Plan

Mon, 21 Jul 2025 07:00:00 -0500

Inheriting a Home Shouldn’t Be This Hard…

In this episode, Dr. Preston Cherry breaks down why so many families run into legal trouble when passing down their home—and how a Transfer on Death Deed (TODD) can make things much easier.

Takeaways:
• Avoid probate delays
• Keep control while alive
• Name your home’s heir
• Protect emotional legacy
• Pair with a trust

00:00 Intro
00:58 The Importance of Transfer on Death Deeds
01:25 Steps to Implement a TOD Deed
03:01 Limitations and Considerations
04:29 Final Thoughts

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Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Learn more at concurrentfp.com

Does Crypto Belong in Your Investing Portfolio?

Wed, 16 Jul 2025 06:00:00 -0500

In this episode, Dr. Cherry offers thoughtful guidance on navigating the recent rise in Bitcoin’s price. While market excitement is understandable, he reminds us that disciplined investing is not about reacting to headlines—it’s about following a well-crafted financial plan.

Takeaways:
• Don’t chase hype
• Know your crypto types
• Core first, crypto later
• Plan before you invest
• Taxes still apply

00:00 Intro
00:52 Bitcoin's New High and Market Reactions
01:41 Understanding Crypto Categories
02:32 Investment Strategies for Crypto
03:58 Balancing Crypto in Your Portfolio

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Learn more at concurrentfp.com

The Big Beautiful Bill Could Save Business Owners 6 Figures in Taxes

Wed, 09 Jul 2025 05:00:00 -0500

In this episode, Dr. Preston Cherry explains how to take advantage of the new rules that could save you 20% on qualified income every year and unlock up to $10 million in tax-free gains when you sell or exit your business. From avoiding costly timing mistakes to structuring smart early, Dr. Cherry breaks down what it really means to build a tax-smart runway.

Takeaways:
• 20% income deduction
• $10M+ capital gains = 0% tax
• QBI = annual savings
• QSBS = tax-free exit
• Timing = everything

00:00 Intro
01:00 Tax Strategies Simplified
04:51 Optimizing QBI and QSBS Strategies
06:23 Empower Your Growth Journey

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Learn more at concurrentfp.com

Big Fees: Are You Overpaying for Amex Platinum or Chase Sapphire?

Wed, 02 Jul 2025 04:00:00 -0500

Are Premium Credit Cards Still Worth It?

In this episode, Dr. Preston Cherry breaks down the truth behind those flashy, high-fee credit cards like the Amex Platinum and Chase Sapphire Reserve. Are the perks really that valuable—or are you just paying for status? From overcrowded lounges to scattered benefits, Dr. Cherry reveals what you really need to know before swiping that premium card.

He urges listeners to take a closer look at how they’re using their cards, whether the rewards actually match their lifestyle, and how to avoid the trap of chasing points instead of building a smart spending plan.

Takeaways:
• Perks often overhyped
• Lounges = crowded chaos
• Spending must be intentional
• Points ≠ a good plan
• Audit your usage

00:00 Intro
00:53 Understanding Premium Card Perks
02:41 The Reality of Lounge Access
03:59 Intentional Spending Strategies
06:43 Personal Audit for Credit Card Use

Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword

Explore award-winning wealth advisory services:
https://www.concurrentfp.com/

Read Wealth In The Key of Life by Dr. Preston Cherry:
https://drprestoncherry.com/book/

Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Learn more at concurrentfp.com

Are Social Security Benefits Taxable? Gen X Are Shocked About the Tax Traps

Thu, 26 Jun 2025 22:00:00 -0500

Dr. Preston Cherry explains why many Gen Xers are caught off guard when they find out—yes, your Social Security can be taxed. Up to 85% of your benefits could be taxable if your income crosses certain thresholds—thresholds that haven’t kept up with inflation. If you've saved diligently or have extra income from side gigs or investments, you could be looking at a smaller Social Security check than expected. The surprise? It’s all perfectly legal—and avoidable with the right planning.

Takeaways:
• Taxed Social Security
• IRMAA surprise fees
• RMDs raise taxes
• Two-year income lag
• Plan withdrawals smart

00:00 Intro
01:00 Social Security Isn’t Tax-Free
02:26 IRMAA and RMDs
04:43 What to Do Instead
05:56 Final Thoughts

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

Learn more at concurrentfp.com

Should Gen X Take Social Security at 62? Smart or Risky?

Mon, 23 Jun 2025 04:00:00 -0500

Should You Claim Social Security at 62?

Dr. Preston Cherry challenges the idea that you have to wait until 70 to claim Social Security. For Gen Xers juggling aging parents and kids, claiming at 62 could offer more than just a check—it could bring peace of mind, flexibility, and better use of your money now. The key? Making the choice that fits your life, not someone else's rule of thumb.

Takeaways:
• More Flexibility Now
• Less Portfolio Stress
• Smart Tax Moves
• Fits Gen X Life
• Your Goals Matter

00:00 Intro
00:59 Should You Really Wait Until 70?
03:52 Claiming Early as a Tax Strategy
06:11 The Trap of Default Advice
07:14 Final Thoughts

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

Learn more at concurrentfp.com

Why High Earners Still Feel Stuck Financially

Mon, 16 Jun 2025 01:00:00 -0500

In this episode, Dr. Preston Cherry breaks down why many high-income Gen Xers still feel stuck financially. Even with good paychecks, lifestyle creep and unclear goals can cause stress. Dr. Cherry explains how aligning your money with your values—not just chasing more—can lead to real peace and freedom. It's not about starving your present for your future. It’s about balance.

Takeaways:
• Lifestyle creep adds stress
• Align money with values
• Spending shows priorities
• Net worth ≠ freedom
• Reroute cash, gain peace

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

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NUA Tax Strategy: The Secret to Saving BIG on Company Stock

Thu, 12 Jun 2025 06:00:00 -0500

In this episode, Dr. Preston Cherry breaks down how Gen X professionals can use a smart tax strategy called Net Unrealized Appreciation (NUA) to turn company stock in their 401(k)s into tax-efficient income. He explains how the right moves can help you retire earlier and keep more of your money—and how one wrong step can cost you big.

Takeaways:
• Company stock matters
• NUA lowers taxes
• Don't rush to IRA
• Act with a plan
• Mistakes are costly

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

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Inherited IRAs Explained: What Heirs Need to Know to Avoid Costly Mistakes

Mon, 09 Jun 2025 02:00:00 -0500

In this episode, Dr. Preston Cherry breaks down the often confusing world of inherited IRAs. He explains how taxes, rules, and recent law changes (like the SECURE Act) can impact your inheritance. Whether you're a spouse or a non-spouse heir, knowing the rules is key to avoiding costly mistakes. With smart planning, an inherited IRA can help grow your wealth and honor your loved one’s legacy.

Takeaways:
• Know the tax rules
• Don’t miss RMDs
• SECURE Act changes
• Spouses have options
• Plan to protect wealth

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

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Healthspan vs Lifespan: Why Gen X Must Rethink Retirement

Fri, 06 Jun 2025 03:00:00 -0500

In this episode, Dr. Preston Cherry talks about why Gen X should focus on health span—how well you live—not just lifespan—how long you live. He explains that many people over-save for retirement and miss out on living fully now. Instead of treating retirement as one big block of time, he encourages planning for different life stages. The key is to spend in ways that match your current life and values—so you can enjoy life while building for the future.

Takeaways:
• Plan for health span
• Spend by life stage
• Avoid over-saving trap
• Live well now
• Retirement has chapters

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

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Why More Money Needs Smarter Planning (And How It Builds Wealth Faster)

Tue, 03 Jun 2025 01:00:00 -0500

In this episode, Dr. Preston Cherry sheds light on why even high-income earners need solid financial education. Earning more doesn’t mean knowing more about money. He explains how true financial literacy helps people make smarter decisions, avoid costly mistakes, and feel more confident. Using real-life examples, he shows that financial wellness is not just about managing money—it’s also about understanding it, emotionally and practically.

Takeaways:
• Income ≠ Financial smarts
• Education boosts confidence
• Avoid costly mistakes
• Plan with clarity
• Money affects emotions

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

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Sell in May and Go Away: Smart Move or Tired Myth?

Thu, 29 May 2025 06:00:00 -0500

In this episode, Dr. Preston Cherry breaks down this old investing rule and why it might not work anymore. Originally tied to London’s horse racing season, the idea was to cash out in May and return in November. But in today’s fast-paced, data-driven markets, that strategy is losing steam. Dr. Cherry explains why staying invested and using smarter tactics beats trying to time the market.

Takeaways:
• Old rule, outdated
• Timing rarely wins
• Stay invested long-term
• Use smart rebalancing
• Focus beats fear

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

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HSA Secrets: How to Retire Wealthier & Pay Less in Taxes

Mon, 26 May 2025 07:00:00 -0500

In this episode, Dr. Preston Cherry breaks down why Health Savings Accounts (HSAs) are a powerful tool—not just for today’s medical bills but for building your retirement nest egg. With big tax perks and long-term flexibility, HSAs can do more than you think. Learn how to use them smartly now and in retirement.

Takeaways:
• Triple Tax Advantage
• Max Out Contributions
• Invest for Growth
• Cover Future Healthcare
• No Expiration Date

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

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Choosing the Right Retirement Account: Roth 401(k), Roth IRA, After-Tax 401(k)

Sun, 25 May 2025 01:00:00 -0500

In this episode, Dr. Preston Cherry breaks down key retirement accounts like 401(k)s, Roth IRAs, and traditional IRAs. He explains where to save, invest, and withdraw money for retirement — and why taxes matter. The talk covers contribution limits, tax perks, smart strategies for high earners, and common planning mistakes to avoid.

Takeaways:
• Know where to save
• Use employer plans
• Roth vs. traditional
• Max out contributions
• Avoid common errors

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Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

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The Truth About Global Diversification and the S&P 500

Thu, 22 May 2025 07:00:00 -0500

In this episode, Dr. Preston Cherry breaks down a common mistake investors make: thinking the S&P 500 is enough. While it’s a strong index, it’s mostly U.S.-focused and tech-heavy. This “home bias” can hurt your returns, especially during U.S. market downturns. Adding international stocks spreads your risk and gives you access to different economies, industries, and opportunities. History shows: global diversification works.

Takeaways:
• Avoid home bias
• Add global balance
• Tech isn’t everything
• Diversify by country
• Review regularly

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There’s No Such Thing as a Self-Made Millionaire: Unpacking the Realities of Wealth

Mon, 12 May 2025 05:00:00 -0500

In this episode, Dr. Preston Cherry challenges the “self-made millionaire” myth, revealing that wealth is rarely built alone. Real success comes from more than just hustle—it’s shaped by support systems, relationships, and access to resources. Using real stories, he reminds us to stay humble and grateful for the help we receive along the way.

Takeaways:
• Success takes support
• Hustle isn't enough
• Networks build wealth
• Gratitude matters
• Invest in yourself

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Gen X Alert: Student Loan Collections Restart—What to Do Now

Sat, 10 May 2025 05:00:00 -0500

In this episode, Dr. Cherry breaks down why Gen X is struggling the most with student loans—and what you can do about it. From confusing repayment plans to the fine print of forgiveness programs, understanding your options now can save you thousands later. If you're feeling stuck or overwhelmed, this conversation can help you take back control of your financial future.

Takeaways:
• Gen X = Highest debt
• Know your repayment plan
• Forgiveness is possible
• Avoid costly forbearance
• Act now, save later

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Buffett Retires: What You Miss About His Wealth Wisdom

Sat, 10 May 2025 05:00:00 -0500

In this episode, Dr. Cherry honors Warren Buffett by breaking down his famous investment strategies and clearing up common myths. She explains why understanding frugality, cash flow, and thinking long-term are crucial for growing wealth. Dr. Cherry also points out how individual investors differ from big institutions, especially when it comes to risk and timelines. The talk ends with a powerful reminder: mindset and education are the real keys to financial success.

Takeaways:
• Spend less, invest more
• Cash flow builds wealth
• Think long-term always
• Stay ready for opportunities
• Mindset drives success

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Retire Wealthy: Essential Tax and Bonus Tips for Oil and Gas Executives

Fri, 02 May 2025 07:00:00 -0500

In this episode, Dr. Cherry breaks down the financial challenges oil and gas executives face—like managing complex pay packages, stock units (RSUs), and big tax bills. He shares smart strategies to avoid tax surprises, protect wealth, and plan for a secure retirement.

Takeaways:
• Plan for tax hits
• Watch RSU timing
• Limit company stock
• Max out 401(k)
• Think long-term

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Tax-Smart Investing: Using Taxable Brokerage Accounts to Boost Wealth, Flexibility, and Reduce Taxes

Fri, 02 May 2025 07:00:00 -0500

In this episode, Dr. Preston Cherry breaks down why taxable brokerage accounts are a smart tool for building long-term wealth. While the word “taxable” might sound like a disadvantage, these accounts offer surprising benefits: flexible withdrawals, lower taxes on gains, and smart strategies like tax loss harvesting. They're also great for estate planning, giving your heirs a valuable step-up in cost basis. When used right, these accounts can play a powerful role in your financial plan.

Takeaways:
• Build long-term wealth
• Lower tax rates
• Withdrawal flexibility
• Offset investment losses
• Boost estate value

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Discussing Legacy and Long-Term Care with Aging Parents

Fri, 02 May 2025 07:00:00 -0500

In this episode, Dr. Preston Cherry opens up the conversation Gen X needs to have—with their parents and grandparents. From healthcare decisions to family legacies, it’s time to stop avoiding the tough talks and start planning with heart and clarity. Dr. Cherry shares how to begin these discussions, what documents matter most, and why talking now can save a lot of confusion later. It’s not just about the money—it’s about meaning, values, and dignity.

Takeaways:
• Start the Talk Early
• Plan with Purpose
• Protect Family Legacy
• Secure Long-Term Care
• Keep Dignity Intact

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Lump Sum vs. Dollar-Cost Averaging: Which One Makes You More Money?

Fri, 18 Apr 2025 21:00:00 -0500

In this episode, Dr. Preston Cherry breaks down two popular ways to invest: dollar cost averaging (investing smaller amounts over time) and lump sum investing (putting all your money in at once). He explains how emotions like fear and regret influence our choices, and why understanding your own goals and risk tolerance is key. Backed by real data, this conversation helps you figure out which strategy might work best for you.

Takeaways:
• Mindset matters
• DCA reduces risk
• Lump sum wins long-term
• Cash drag hurts returns
• Know your goals

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Is Gen X Taking Mortgage Debt Into Retirement? Pros, Cons, and Smart Payoff Strategies

Mon, 14 Apr 2025 07:00:00 -0500

In this episode, Preston Cherry talks about how Gen X is facing big financial pressure from mortgage debt—especially as they near retirement. He shares smart, simple ways to tackle that debt early, like making extra payments or using surprise money (windfalls) to get ahead. He also warns against common mistakes and encourages being financially ready for retirement.

Takeaways:
• 38% Gen X in debt
• Debt-free = peace of mind
• Extra payments = big win
• Windfalls can help
• Don’t tap retirement funds

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What Is Comprehensive Financial Planning? (And Why It Matters Now More Than Ever)

Tue, 08 Apr 2025 05:00:00 -0500

In this episode,Dr. Preston Cherry shares why financial planning should go beyond just investments. Many people feel let down by traditional advice that doesn't reflect their real lives. He explains how the best financial plans connect your money with your goals, values, and well-being. At the heart of it all? Trust, understanding, and a big-picture approach.

Takeaways:
• Connect money + life
• Go beyond investing
• Clients want trust
• Advisors must listen
• Plan the whole picture

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How Geographic Arbitrage and Retiring Abroad Can Transform Your Financial Future

Fri, 04 Apr 2025 06:00:00 -0500

In this episode, Dr. Preston Cherry dives into geographic arbitrage—how moving to a different state or country can stretch your income and improve your quality of life. Dr. Cherry covers key factors like retirement locations, managing Social Security and investments abroad, and handling taxes as a U.S. citizen overseas. Plus, the discussion highlights how cost of living, healthcare, and lifestyle choices play a big role in relocation decisions.

Takeaways:
• Retire richer by relocating
• Lower costs = higher income
• Social Security works abroad
• U.S. taxes still apply
• Healthcare costs vary

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Why High-Income Earners Need Spending Plans Instead of Budgets

Wed, 02 Apr 2025 06:00:00 -0500

In this episode, Dr. Preston Cherry challenges traditional budgeting and introduces reverse budgeting, a method that prioritizes personal values and guilt-free spending while ensuring financial security. He outlines a five-step approach: knowing your retirement number, automating finances, covering fixed costs, enjoying discretionary spending, and reviewing regularly. His approach emphasizes a holistic, flexible path to financial wellness.

Takeaways:
• Budgets can feel restrictive
• Reverse budgeting prioritizes paying yourself first
• Aligning money with values boosts well-being
• Guilt-free spending is possible
• Regular financial check-ins matter

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Is $1 Million Still Enough? The New Wealth Benchmarks Explained

Sat, 29 Mar 2025 03:00:00 -0500

In this episode, Dr. Preston Cherry dives into how the concept of wealth is evolving and why being a millionaire isn't what it used to be.

With inflation and rising living costs, the financial landscape has shifted. He shares key insights on income, net worth, and how to focus on your unique financial path rather than comparing yourself to others. Dr. Cherry also debunks wealth myths and offers practical strategies for long-term financial success.

Takeaways:
• $1 million isn’t enough anymore
• Only 10% of Americans are millionaires
• Inflation weakens money’s value
• Focus on your financial journey
• Define wealth beyond dollars

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Executive Compensation Mastery: RSUs, Stock Options & ESPPs Explained

Tue, 25 Mar 2025 07:00:00 -0500

In this episode, Dr. Preston Cherry breaks down the essentials of equity compensation—RSUs, ISOs, NQSOs, and ESPPs. He explains how taxes and behavioral biases can influence your decisions and offers smart strategies to maximize your equity benefits while avoiding common traps.

Takeaways:
• Know your tax impact
• Sell RSUs to cover taxes
• ISOs can lower taxes
• ESPPs offer discounted stock
• Plan ahead to win big

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Tax-Efficient Retirement Strategies for For High-Income Business Owners

Sat, 22 Mar 2025 02:00:00 -0500

In this episode, Dr. Preston Cherry breaks down how business owners can choose and use retirement plans to boost income, cut taxes, and maintain their lifestyle. He covers Simple IRAs, SEP IRAs, Solo 401ks, and cash balance plans while explaining key tax-saving strategies, like diversifying tax exposure and using Health Savings Accounts (HSAs).

Takeaways:
• Maximize income & tax savings
• Choose the right plan
• Solo 401ks = big contributions
• Cash balance = higher limits
• HSAs = triple tax benefits

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Financial Infidelity to Financial Intimacy: How Married Couples Can Manage Their Finances

Wed, 19 Mar 2025 06:00:00 -0500

In this episode, Dr. Preston Cherry explores how couples can turn financial tension into teamwork. He highlights the emotional side of money talks and shares a framework for better communication, including regular check-ins, understanding each other's views, and resolving conflicts without fighting. The goal? Less stress, more financial harmony.

Takeaways
• Money conflicts cause stress
• Emotions shape money talks
• Check-ins ease tension
• Teamwork beats compromise
• Shared goals build harmony

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Seizing Opportunities: Navigating Market Corrections with Core-Satellite Investing

Sat, 15 Mar 2025 07:00:00 -0500

In this episode, Dr. Preston Cherry explains how to handle market corrections with the Core and Satellite strategy. He stresses the importance of a diversified portfolio to manage risk and highlights how downturns create investment opportunities. He also shares tips on staying calm and strategic instead of panicking during market shifts.

Takeaways
• Corrections are frequent (every 1–1.5 years)
• Diversification reduces risk
• Opportunities arise in downturns
• Strategy beats panic
• Smart investing pays off

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Navigating Market Corrections: Here’s What You NEED to Know

Wed, 12 Mar 2025 08:00:00 -0500

In this episode, Dr. Preston Cherry breaks down market volatility, explaining crashes, corrections, and bear markets. He highlights why understanding these shifts helps manage emotions during downturns. He also shares key strategies like dollar cost averaging and staying calm instead of panic selling.

Key Points:
• Volatility is normal
• Corrections = 10% drop
• Bear markets = 20%+ drop
• Timing the market fails
• Stay invested, don’t panic

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How Much Should You Have Saved for Retirement by 40, 50, or 60?

Fri, 07 Mar 2025 16:00:00 -0600

In this episode, Dr. Preston Cherry breaks down key retirement savings benchmarks for your 40s, 50s, and 60s. He explores the emotional challenges of saving—like anxiety and comparison—and shares practical tips to build financial freedom. His advice? Adjust your lifestyle, diversify income, and stop procrastinating. Stay focused on your own financial journey and take action now.

Key Points:
• Savings benchmarks: 3x salary by 40, 6x by 50, 6-8x by 60
• Gen X median retirement savings: $100K
• Life is uncertain—plan accordingly
• Save more without sacrificing lifestyle
• Procrastination hurts financial progress

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High Earners, Are You Saving Enough? The Truth About Emergency Funds

Mon, 03 Mar 2025 06:00:00 -0600

In this episode, Dr. Preston Cherry breaks down why emergency funds are a must—even for high earners. He explains that they act as financial protection, not an investment, and shares smart strategies to build and maintain one. From how much to save to balancing cash reserves with investments, this conversation clears up common myths and offers practical advice for managing money wisely.

Key Points:
• Emergency fund = security
• It’s insurance, not investment
• Automate savings for consistency
• Too much cash = fear
• Balance liquidity & growth

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Why High-Income Families NEED These 3 Trusts

Tue, 25 Feb 2025 06:00:00 -0600

In this episode, Dr. Preston Cherry breaks down estate planning trusts and why they matter for high-income and high-net-worth folks—not just the uber-wealthy. He explains three key types: Revocable Living Trusts, Irrevocable Life Insurance Trusts, and Charitable Remainder Trusts, showing how they help protect assets, reduce taxes, and ensure your wishes are honored.

Key Points:
• Avoid probate hassles
• Stay in control (Revocable Trusts)
• Reduce estate taxes (Irrevocable Trusts)
• Support charities & save (Charitable Trusts)
• Ensure asset protection

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Estate Planning 101: What You MUST Do Before It’s Too Late

Wed, 19 Feb 2025 05:00:00 -0600

On this episode, Dr. Preston Cherry breaks down estate planning in a way that makes it clear: everyone needs a plan, not just the rich. He explains key documents like wills, living trusts, powers of attorney, and healthcare directives—tools that protect your assets and ensure your wishes are followed.

He also shares strategies to avoid probate, minimize taxes, and keep your family from unnecessary stress. Most importantly, he urges open conversations about estate planning to prevent future conflicts and make sure your legacy is honored.

Key Points:
• Estate planning is for all
• Wills and trusts protect assets
• Plan ahead to avoid probate
• Update documents, talk openly

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Will an Annuity Save Your Retirement?

Tue, 11 Feb 2025 06:00:00 -0600

In this episode, Dr. Preston Cherry delves into the complexities and benefits of incorporating annuities into retirement portfolios. With the startling statistic that 63% of Americans fear outliving their money more than death itself, Dr. Preston offers a comprehensive exploration of annuities as a solution to this anxiety.

He clarifies misconceptions by defining annuities not as investments, but as insurance against outliving one's savings. Through an engaging discussion, Dr. Preston sheds light on how annuities can provide a guaranteed income stream, thereby offering peace of mind and financial security during retirement.

Key Points:
• Understanding Annuities
• Types of Annuities
• Role in Retirement Portfolios
• Myths and Fiduciary Responsibility
• Famous Illustrations

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Financial Anxiety? Here's How to Find Financial Harmony with Your Money

Mon, 03 Feb 2025 04:00:00 -0600

In this episode, Dr. Preston Cherry explores financial harmony, guiding listeners from financial anxiety to alignment by connecting money decisions with personal values.

With 60% of Americans experiencing financial anxiety, Dr. Cherry presents a framework to help individuals and households align their finances with life goals. The episode also introduces the 6A alignment system, offering actionable steps for financial clarity.

Dr. Cherry also delves into financial therapy, emphasizing the emotional and psychological aspects of money. By addressing money avoidance and using strategies like journaling and self-audits, listeners can reduce stress, achieve financial confidence, and create a fulfilling life.

Key Points:
• Definition of Financial Harmony
• Impact of Misalignment
• The 6A Alignment System
• Financial Therapy
• Practical Tips for Financial Harmony

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Rental Properties After 40: Smart Wealth Moves or Risky Headache?

Thu, 23 Jan 2025 04:00:00 -0600

Building wealth through real estate is often promoted as a path to financial freedom, but it may not suit everyone, especially those in their 40s focusing on lifestyle and retirement goals.

In this episode, Dr. Preston Cherry emphasizes prioritizing foundational investments like 401(k)s, IRAs, and brokerage accounts before considering real estate, as nearly half of real estate owners fail to achieve a 10% return.

Challenges such as maintenance costs, tenant management, and market volatility are explored, alongside passive alternatives like REITs and crowdfunding. Ultimately, aligning financial strategies with one’s life stage and goals is key, as real estate is just one of many paths to financial success.

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Retire Like a Boss: 4 Secrets to Comfort and Joy

Thu, 02 Jan 2025 07:00:00 -0600

In this episode, Dr. Preston Cherry dispels common myths about retirement age and encourages proactive emotional and financial preparation to ensure that retirement is approached with confidence and clarity.

He emphasizes the significance of redefining retirement not just as an end but as a transition into a phase of freedom and opportunity.

Key Points:
• Redefine Retirement
• Know Your Freedom Number
• Implement a Spending Plan
• Emotional Intelligence Preparation
• Prioritize Health

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Bitcoin is Up—But Should You Buy?

Mon, 16 Dec 2024 19:00:00 -0600

Are you falling into the trap of following the herd? In this episode, Dr. Preston Cherry breaks down why blindly imitating others can hurt your finances, especially when it leads to buying high and selling low.

This episode emphasizes the importance of understanding one's long-term financial goals and matching investment actions to these objectives, avoiding impulsive decisions driven by fear of missing out (FOMO).

Key Points:
• Behavioral Pitfalls in Investing
• Core and Satellite Strategy
• Crypto Caution and Discipline
• Traditional vs. Decentralized Finance
• Educating Investors

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Dr. Preston D. Cherry

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Building Wealth with Gratitude: Essential Tips for Gen X

Wed, 27 Nov 2024 01:00:00 -0600

There is a powerful link between gratitude and financial success, especially for Generation X. In this episode, Dr. Preston Cherry shares how combining gratitude with grit and grace can improve financial decisions and boost life satisfaction. Using the PERMA model, it explains how gratitude impacts the brain, enhances emotional well-being, and drives personal and financial success.

Key Points:

The Power of Gratitude
The PERMA Model
Generation X's Financial Struggles
Daily Gratitude Practices
Supportive Network

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How to Build a Diverse Portfolio with Alternative Investments

Sat, 16 Nov 2024 07:00:00 -0600

In this episode, Dr. Preston Cherry and Shana Sissel discuss the importance of alternative investments in portfolio construction and risk management. They explore the vast universe of alternatives, how they can align with personal values, and the evolving landscape of investment strategies.

Key Points:
• Alternative investments offer diverse opportunities outside of traditional stocks and bonds.
• A balanced portfolio should mix core and alternative investments to manage risk.
• Knowing how different assets interact helps in creating a strong investment strategy.
• Investors should choose alternatives that align with their values and interests.
• Discussing risk, liquidity, and goals with clients is key for building successful investment plans.

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4% Rule Guru Bill Bengen Reveals How to Maximize Your Retirement Income!

Thu, 07 Nov 2024 01:00:00 -0600

In this episode, Dr. Preston Cherry talks about retirement income, breaking down the famous 4% rule with its creator, Bill Bengen, renowned for his groundbreaking work in retirement planning.

Key Points:

1. The 4% rule should be seen as a flexible guideline rather than a strict rule, adaptable to individual retirement timelines and economic conditions.
2. Creating a diversified investment portfolio is crucial for managing risks and optimizing returns.
3. Continual assessment and adjustment of the retirement plan are essential.
4. Implementing strategies like guardrails allows retirees to adjust their withdrawal rates in response to market and inflation changes, ensuring sustainability of their retirement income over the long term.
5. Building and sticking to a retirement plan requires psychological resilience, especially during market downturns.

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Why Retirement Feels Out of Reach for Gen X

Thu, 31 Oct 2024 07:00:00 -0500

In this episode, Dr. Preston Cherry uncover the indispensable tax benefits of 401(k) plans and eliminate common misconceptions surrounding them.

This episode brings to light the economic cycles and challenges Gen X has traversed, providing clear, actionable advice on navigating retirement planning amidst these complex realities.

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The Secret to Avoiding Money Regrets

Tue, 22 Oct 2024 20:00:00 -0500

In this episode, Dr. Preston Cherry delves into the crucial topic of balancing the present with saving for retirement.

This episode tackles common financial regrets like under-saving for retirement, underestimating medical expenses, and the fear of outliving one's resources, all while promoting a harmonious life-money balance.

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Avoid Regret: Maximize Open Enrollment NOW!

Thu, 17 Oct 2024 03:00:00 -0500

Optimizing open enrollment is crucial, yet often overlooked, with over 40% of individuals regretting missed opportunities. It’s important to remember that compensation includes not just salary but also benefits like medical and risk insurance, retirement contributions, and wellness perks. Failing to maximize these can leave financial value on the table.

Key areas to focus on include reviewing retirement contributions, utilizing tax-advantaged accounts like HSAs and FSAs, and updating medical plans and beneficiary information. Employer life insurance, while limited, can complement private plans. Staying proactive ensures employees align their benefits with current needs and secure greater financial well-being.

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Can You Really Trust Reddit for Financial Advice?

Thu, 03 Oct 2024 04:00:00 -0500

In this episode, Dr. Preston Cherry explores the pros and cons of using Reddit for financial advice. He weighs the sense of community and user-driven insights against the risks of misinformation, emphasizing the value of personalized advice from trusted financial professionals.

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The Shocking Truth Continues: Are Gen X Parents Still Ruining their Retirement?!

Mon, 23 Sep 2024 01:00:00 -0500

In this episode, the Cherrys explored the delicate balance between supporting adult children and fostering their financial independence. Charles emphasized the importance of teaching responsibility early, while Carla highlighted the long-term benefits of gradual but firm self-reliance.

They discussed setting boundaries to prevent prolonged dependency and shared personal experiences to demonstrate the value of financial and life skills for their children’s independence.

Part 1: Are Gen X Parents Ruining Retirement by Supporting Their Adult Children
https://youtu.be/seUMBnV9a2A

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Dr. Preston D. Cherry:
https://www.concurrentfp.com/dr-preston-cherry/

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Are Gen X Parents Ruining Retirement by Supporting Their Adult Children?

Thu, 12 Sep 2024 06:00:00 -0500

Are Gen X Parents Ruining Retirement by Supporting Their Adult Children?

In this episode, Dr. Preston Cherry delves into the critical issue of whether Gen X parents are jeopardizing their own retirement by financially supporting their adult children.

By providing practical advice and discussing expert data, he equips parents with the tools to make informed decisions and set healthy financial boundaries.

Want to learn more? Connect with us below!

Dr. Preston D. Cherry on LinkedIn: https://www.linkedin.com/in/drprestoncherry/
Dr. Preston D. Cherry’s Website: https://www.drprestoncherry.com/

Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website: https://concurrentfp.com

Learn more at concurrentfp.com

Moving Your 401k After Leaving Your Job

Fri, 23 Aug 2024 23:00:00 -0500

In this episode, Dr. Preston D. Cherry delves into the intricacies of moving your 401k after leaving your job, featuring expert insights from Dr. Philip Gibson, a seasoned wealth advisor and chief compliance officer at Concurrent Financial Planning.

Together, they explore both direct and indirect transfers of employer-sponsored plans, providing clarity on the 60-day rule and the potential 20% tax hit if funds are not moved accordingly.

Want to learn more? Connect with us below!

Dr. Preston D. Cherry on LinkedIn
Dr. Preston D. Cherry’s Website
Dr. Philip Gibson on LinkedIn

Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website: https://concurrentfp.com

Learn more at concurrentfp.com

Are Luxury Hotels Worth It?

Wed, 03 Jul 2024 02:00:00 -0500

In this episode, Dr. Preston D. Cherry provides a comprehensive exploration into the world of luxury hotels, addressing the perennial question: Are luxury hotels worth it? He delves into the critical alignment between personal finances and the value luxury accommodations bring to one's travel experience. Dr. Cherry offers clear and practical insights into the costs, benefits, and personal factors involved in choosing luxury accommodations.

Want to learn more? Connect with us below!

Dr. Preston D. Cherry on LinkedIn: https://www.linkedin.com/in/drprestoncherry/
Dr. Preston D. Cherry’s Website: https://www.drprestoncherry.com/

Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website: https://concurrentfp.com

Learn more at concurrentfp.com

What Does It Mean To Be Wealthy?

Thu, 27 Jun 2024 08:00:00 -0500

In this episode, Dr. Preston D. Cherry breaks down the true meaning of wealth, going beyond the numbers. He sheds light on how understanding and managing wealth can improve our quality of life by aligning financial and personal goals. Listen in for practical advice and a realistic view on how to use your financial resources to thrive in all areas of life.

Want to learn more? Connect with us below!

Dr. Preston D. Cherry on LinkedIn
Dr. Preston D. Cherry’s Website

Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website.

Learn more at concurrentfp.com

Boost Your Fulfillment and Finances With Aspirations

Mon, 17 Jun 2024 20:00:00 -0500

Join Dr. Preston D. Cherry and Dr. Renée Baker, as they dive deep into how aligning your life goals with smart financial planning can lead to true fulfillment. This episode is packed with valuable lessons on the importance of building strong relationships, being financially prepared, and keeping a growth mindset. Together, they inspire you to create a life where your dreams and finances thrive in perfect harmony.

Want to learn more? Connect with us below!

Dr. Renée Baker on LinkedIn.
Dr. Renée Baker’s Website
Dr. Preston D. Cherry on LinkedIn
Dr. Preston D. Cherry’s Website

Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website.

Learn more at concurrentfp.com

Are Bonuses Taxed Differently?

Wed, 12 Jun 2024 08:00:00 -0500

Got a bonus check that feels smaller than expected? Don’t worry, you’re not alone! In this episode, Dr. Preston Cherry explores why bonus checks often feel like they’re taxed more heavily than regular paychecks and shares practical strategies to mitigate the tax impact.

Want to learn more? Connect with us below!

Dr. Preston D. Cherry on LinkedIn.

Dr. Preston D. Cherry’s Website.

Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website.

Learn more at concurrentfp.com

Wealthy Spending Habits: Debunking Myths and Misconceptions

Tue, 04 Jun 2024 08:00:00 -0500

Join Dr. Preston D. Cherry and Josh Brown, as they talk about the multifaceted relationship between wealth, spending habits, and time management. Through engaging anecdotes and practical advice, Dr. Cherry and Josh Brown encourage listeners to rethink their approach to wealth, time, and overall well-being.

Want to learn more? Connect with us below!

Josh Brown on LinkedIn.

Dr. Preston D. Cherry on LinkedIn.

Dr. Preston D. Cherry’s Website.

Get your free wealth assessment! Visit our website for more insights and personalized guidance. Click here to go to our website.

Learn more at concurrentfp.com

Long-Term Care Conversations With Loved Ones

Mon, 27 May 2024 08:00:00 -0500

Join Dr. Preston D. Cherry and Danielle Miura, as they delve into the critical topic of long-term care conversations with loved ones. Plus, they break down the intricacies involved in navigating long-term care, from which topics to discuss to the financial implications of different care levels, such as in-home care and nursing homes.

Want to learn more? Connect with us below!

Danielle Miura on LinkedIn.

Dr. Preston D. Cherry on LinkedIn.

Dr. Preston D. Cherry’s Website.

Ready to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance. Click here to go to our website.

Learn more at concurrentfp.com

Charitable Giving Strategy: Good Giving and Reduce Taxes

Tue, 30 Apr 2024 09:00:00 -0500

Join Dr. Preston Cherry and Dr. Russell James, as they discuss how charitable giving and tax planning can work together. Plus, they break down tricky tax stuff, including how to deal with estate and income taxes smartly.

Want to learn more? Connect with us below!

Dr. Russell James on LinkedIn
Dr. Preston D. Cherry on LinkedIn
Dr. Preston D. Cherry’s Website

Ready to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance.

Click here to go to our website: https://concurrentfp.com

Learn more at concurrentfp.com

Tips for Retiring Abroad Success

Tue, 09 Apr 2024 09:00:00 -0500

Are you considering retiring abroad?

Join Dr. Preston Cherry and Jane Mepham from El Gon Financial Advisors, as they unravel the mysteries of retiring outside the United States. From busting myths about U.S. taxation for expats to exploring the profound impact of culture and community, leave no stones unturned in this episode.

Want to learn more? Connect with us below!

Jane Mepham on LinkedIn
Dr. Preston D. Cherry on LinkedIn
Dr. Preston D. Cherry’s Website

Ready to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance.

Our website: https://concurrentfp.com

Learn more at concurrentfp.com

Planning Retirement For Small Business Owners

Tue, 19 Mar 2024 14:00:00 -0500

Are you thinking about retirement? As a business owner, if you’re not, you should be. This week, Dr. Preston Cherry is joined by Rickie Taylor to help business owners craft a retirement strategy that does double duty—fuelling your business growth while securing your retirement goals. Thanks to the SECURE Act 2.0, Dr. Cherry and Rickie Taylor dissect the potential of overlooked tax credits and deadlines that could transform the cost of setting up retirement plans from daunting to doable.

From the solo entrepreneur to the traditional small business, Episode 34 equips listeners with the tools and best practices to achieve their vision of a financially secure future.

Want to learn more? Connect with us below!

Rickie Taylor on LinkedIn
Dr. Preston D. Cherry on LinkedIn
Dr. Preston D. Cherry’s Website

Ready to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance.

Our website: https://concurrentfp.com

Learn more at concurrentfp.com

Secure the Bag: Journey Not Jive with Marques Ogden

Tue, 05 Mar 2024 08:00:00 -0600

When we say we’re “securing the bag,” do we really understand what we’re looking for? Marques Ogden, keynote speaker and former NFL player, joins me as “securing the bag” takes on a brand new definition as we peel back the layers to uncover the heart and soul of what it really means to achieve fulfillment in life.

Through his vast experiences, Marques illustrates that the chase for the bag isn't just about the bank balance—it's about discovering hope, igniting inspiration, and celebrating personal victories that resonate far beyond the material.

Looking to start aligning your life and money? Check out the links below!

Marques' Website
Marques Ogden on Linkedin
Marque Ogden on Instagram
Dr. Preston D. Cherry on LinkedIn
Dr. Preston D. Cherry’s Website

Ready to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance.

Our website: https://concurrentfp.com
#SecuretheBag #LifeMoneyBalance #MarquesOgden #PersonalGrowth #FinancialSuccess

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Moving Couples from Conflict to Financial Harmony with Dr. Michael Thomas

Tue, 20 Feb 2024 07:00:00 -0600

Are you hiding financial secrets from your partner? If you are, you’re not alone. A new study finds that about 42% of couples admit to keeping secrets about money; that’s almost half of all couples! This week, I sat down with Dr. Michael Thomas, Ph.D., AFC®, to discuss the often-overlooked issue of fiscal secrecy and its impact on relationships. A sneaky ice cream trip with the kids can sometimes become more than just a sweet treat, creating a pattern of behaviors detrimental to the relationship.

Unveiling the reasons behind people’s financial actions, this episode with Dr. Thomas offers a guide out of the shadows of monetary mistrust.

Want to hear more from Dr. Michael Thomas?

Ready to explore these tax planning strategies for financial acceleration? Visit our website for more insights and personalized guidance.

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Does Your Mind Mess with Your Money?

Tue, 06 Feb 2024 11:00:00 -0600

Today, we're not just crunching numbers; we're delving into the neuroscience behind your spending habits, as Dr. Alex Melkumian helps illuminate the chemical reactions like cortisol and oxytocin that drive our financial behaviors. From identifying emotional triggers to understanding money scripts shaped by our past, this conversation is a deep dive into aligning the heart and mind for smarter financial decisions. And as always, we remind you that while we're here to educate and inspire, nothing beats tailored advice from a financial professional when it comes to your personal money matters.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Using Reverse Mortgages for Finances Flexibility with Don Graves

Tue, 23 Jan 2024 11:00:00 -0600

This week, we sit down with Don Graves, to have a discussion about retirement income planning. As we unravel the complexities of reverse mortgages, you'll discover the transformative potential these tools hold for your golden years. From debunking long-held myths to highlighting the modern applications of this misunderstood financial instrument, we dive into the heart of managing wealth when the traditional working years are behind you.

This episode isn't just about presenting options; it's about equipping you with knowledge to make informed decisions in partnership with expert advisors, ensuring that your retirement planning is as robust and secure as possible.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Using Positive Psychology for New Year Finance Goals with Ashley Quamme

Tue, 09 Jan 2024 07:00:00 -0600

Embark on a transformative journey with us as we explore the impact of positive psychology on financial resolutions, guided by the insightful expertise of Ashley Quamme. Discover how a shift in mindset, from mere goal-setting to embracing well-being and purpose, can turn your New Year's aspirations into reality. You'll learn the significance of writing down intentions for enhanced clarity and success, and why understanding the profound interplay between emotions and financial security is crucial for happiness. This episode promises to illuminate your path to financial well-being with the enlightening principles of positive psychology.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Concentration in Your Investment Portfolio

Thu, 04 Jan 2024 09:00:00 -0600

Ever found yourself pondering whether to place your hard-earned cash into that one golden stock or to play it safe across the board? Join me, Dr. Preston Cherry, as we navigate the treacherous yet potentially lucrative waters of concentration risk in investment portfolios. Discover why betting big on a single sector, like tech, or diversifying your stakes among the vast sea of the S&P 500 can each steer your financial ship towards vastly different horizons.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

How to Experience Retirement Transition with Charles H. Cherry, Jr

Tue, 26 Dec 2023 19:00:00 -0600

Joining us on our latest episode is Charles H. Cherry Jr., my father, who brings a treasure trove of insights on how to gracefully glide into retirement. He and my mom have navigated the financial seas with a keen eye on their 401K and emergency funds, charting a course to a retirement filled with exploration, hobbies, and the luxury of time unbound by the nine-to-five. Through their story, we unearth the critical steps for financial security and the personal philosophies that have made their transition not just a mere change of pace, but an adventure in its own right.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Ways Money Shame Impacts Your Finances with Aja Evans

Tue, 19 Dec 2023 12:00:00 -0600

Ever grappled with the discomfort that creeps in when checking your bank account? You're not alone. Pull up a chair as Dr. Preston Cherry, join forces with the remarkable Aja Evans to unravel the tangled web of emotions that underpin our financial behaviors. This meeting of minds on Life Money Balance goes beyond dollars and cents to address the psychological weight of money shame—a burden that knows no tax bracket. Prepare to have your eyes opened to the universal truths of financial emotions and the steps you can take to foster resilience and a healthier bank account.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Ways Secure Act 2.0 Helps Gen X Secure Retirement

Fri, 08 Dec 2023 08:00:00 -0600

Are you ready to finally feel confident about your financial future? Let's dive into one of the most critical cornerstones of secure retirement planning - the Secure Act 2.0. We're breaking it down into four key ways in which this act can revolutionize your retirement strategy, particularly if you're a Gen Xer. From securing higher contribution rates to employer-sponsored retirement plans and aligning money with life goals to leveraging the Internal Revenue Code for financial planning, we're giving you the tools to navigate your journey towards financial security.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Understanding the Emotion and Money of Gen X Finances

Tue, 05 Dec 2023 07:00:00 -0600

Ever feel like you're caught in the middle, financially? Between caring for adult children, supporting elderly parents, and preparing for your own retirement, navigating the financial landscape as a Gen Xer can seem overwhelming. But don't worry - we're here to help! Join Dr. Preston Cherry as he unpacks the unique money matters Gen Xers grapple with and explore empowering strategies to confidently take control of your finances. We're talking eye-opening statistics, the impact of inflation on retirement planning, and the magic of automating savings.

So, gear up to take proactive steps in securing your financial future and cheers to our journey together in achieving your Life Money Balance.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Handle Black Friday and Cyber Week Spending For Your Finances

Tue, 28 Nov 2023 13:00:00 -0600

Ready to take control of your holiday shopping and make well-informed financial decisions? That's what we're aiming for in this week's Life Money Balance podcast hosted by me, Dr. Preston Cherry. Today we'll chop it up about the trends in holiday spending, and how to make smart choices amidst fluctuating inflation rates and interest rates. During this holiday season, we're also going to cover why it's more important now, than ever, to be mindful of credit card usage and to align our funds in a way that can potentially earn us a return. We'll also explore the creation of a spending plan for high-income individuals, stressing the importance of prioritizing goals and paying oneself first.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Strategic Tax Planning and Maximizing High-Income Earnings with Thomas Kopelman

Wed, 22 Nov 2023 14:00:00 -0600

Are you ready to turn your high earnings into even higher savings? Get ready to make the most of your income with strategic tax planning, as we sit down with Thomas Kopelman of AllStreet Wealth to explore how you can better start in Q2 and still use Q4. Learn the secrets behind maximizing retirement contributions, setting up solo 401ks and utilizing backdoor Roths, all while making your money work harder for you.

Get armed with knowledge that will help you navigate through your current circumstances and prepare for a financially secure future. Settle in for an episode filled with crucial insights that could transform your financial wellness.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Ikigai Your Life and Finances

Wed, 08 Nov 2023 14:00:00 -0600

Meet Sam Ushio, founder of Ikigai Lab and Chief Ikigai at Connect3x, a man who has spent a lifetime exploring the ancient Japanese concept of Ikigai, a guiding life principle that merges passion, purpose, and profession. Join host of the Life Money Balance podcast, Dr. Preston Cherry, as we uncover what it means to truly live with intention in the moment, and align our actions with our deeply held values.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Maddening Money Myths

Mon, 06 Nov 2023 17:00:00 -0600

This week, join Dr. Preston Cherry as he dives deep into some common money myths. Let's reshape your understanding of money, highlight the importance of aligning your life and financial goals, and help you embark on a journey towards true financial wellness. No more maddening money myths, only clear and confident financial decision-making. Buckle up, it's time to get financial savvy!

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

5 Life & Money Conversations for Gen X

Tue, 24 Oct 2023 09:00:00 -0500

Imagine finally grasping the concept of 'having enough' and achieving contentment in all avenues of life. That's exactly what Dr. Preston Cherry is unpacking in today's episode, as we dive headfirst into the unique world of the Gen X generation, often dubbed the 'forgotten generation'. Our focus is on the dynamic conversations that occur within Gen X households, from the perspective of those in their prime earning years. We address the pressing issues, the everyday challenges, and the unique joys that come with balancing life, money, and aspirations. Whether you're a Gen Xer or just seeking to understand this unique generation better, this is an episode you don't want to miss!

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Estate Planning Checklist Highlights

Tue, 17 Oct 2023 09:00:00 -0500

Strap in for a conversation where we demystify the complex topic of estate planning. It's not all about gloom and doom, folks. Instead, it's a testament to showering our loved ones with care and security after we're gone. Listen as Dr. Preston Cherry delves into the nitty-gritty of estate planning from ensuring adequate life insurance to candid family dialogues, offering practical advice to safeguard your financial legacy. Regardless of where you are in your estate planning journey, Dr. Cherry has compiled actionable tips and fresh perspectives to assist you in this endeavor. After all, it's not just about wealth preservation, it's about cherishing and protecting those you love most.

>>Download your FREE guide: 10 Questions to Discover Your Money Mind, >>Aspirations & Freedom
>>Subscribe to Life Money Balance® YouTube for content beyond the podcast
>>Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
>>Connect with us across social media for more content - top right corner
>>Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Spending Freedom Now and Retirement

Tue, 10 Oct 2023 07:00:00 -0500

What if you were told that you could become comfortable with spending now and during retirement, and without the gnawing fear of outliving your wealth? That's what you'll learn in this episode with your host, Dr. Preston Cherry. We'll debunk the myths surrounding spending, discuss strategies to plan according to your personal preferences, and pave the path to financial wellness. It's time to give yourself permission to spend; after all, you've earned it. By the time we conclude, you'll have a grip on reducing anxiety and worry about spending, and be ready to plan for a more relaxed financial future.

Download your FREE guide: 10 Questions to Discover Your Money Mind, Aspirations & Freedom
Subscribe to Life Money Balance® YouTube for content beyond the podcast
Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
Connect with us across social media for more content - top right corner
Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Ways to Set Your Financial Boundaries

Tue, 03 Oct 2023 09:00:00 -0500

Ever wondered if the clarity of your financial boundaries could be the key to your emotional well-being and financial growth? Today, Dr. Preston Cherry sheds light on the necessity of financial boundaries for a stress-free life and financial advancement. He illustrates how these boundaries act as a fortress, safeguarding our money by providing clarity and control, preventing regret, and avoiding conflicts. We explore how to define our limits, prioritize our aspirations, and say no when necessary. This episode is a treasure trove of practical strategies and tools that will set you on the path to financial freedom and wellness.

Download your FREE guide: 10 Questions to Discover Your Money Mind, Aspirations & Freedom
Subscribe to Life Money Balance® YouTube for content beyond the podcast
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Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

401k's Are Not Scams

Tue, 12 Sep 2023 04:00:00 -0500

Dive deep into the world of 401Ks and retirement planning with Dr. Preston Cherry on "The Life Money Balance Podcast." He'll demystify the complexities, debunk social media myths, and focus on vital legislation like the ERISA Act. But it's not just about rules and numbers – Dr. Cherry will explore the personal side, discussing what 'enough' means for you. Plus, he'll break down the benefits of 401Ks, diversification, and compare them to IRAs. Discover wealth-building strategies like permanent life insurance and the backdoor Roth, all while realizing the importance of saving 12-20% for retirement. Get ready to be informed and empowered to shape your retirement confidently!

Download your FREE guide: 10 Questions to Discover Your Money Mind, Aspirations & Freedom
Subscribe to Life Money Balance® YouTube for content beyond the podcast
Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
Connect with us across social media for more content - top right corner
Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Flexible Wealth: Diverse Investment Account Types with Christine Benz

Wed, 06 Sep 2023 11:00:00 -0500

Imagine being able to balance your long and short-term financial goals with ease, mastering the art of diversification, and having that sweet spot where your portfolio works for you. Sounds enticing, doesn't it? In this rich conversation with Christine Benz, the Director of Personal Finance at Morningstar, we peel back the layers on capital gains tax, the benefits of Roth IRAs, and how to maximize your 401k plan. Tune in as Christine brings clarity to these complex matters, teaching us about the flexibility of using Roth IRAs as training wheels accounts and even dissecting the intricacies of 401k plans according to employer size.

As we steer the conversation further, we discussed investment strategies that can simplify investing for those who might feel overwhelmed by stocks and bonds. Christine shares her wisdom on the value of index funds, exchange traded funds, automatic features, and target date funds. We also delve into the bargain of retirement funds for compounding and tax breaks, highlighting the unconventional yet beneficial policy of benign neglect. So whether you're a pro at managing your finances or just starting to build your financial plan, this episode is packed with insights that will empower you in your journey. Don't miss out on the chance to be in control of your financial destiny. Tune in now and let's navigate the complex world of retirement planning together!

Download your FREE guide: 10 Questions to Discover Your Money Mind, Aspirations & Freedom
Subscribe to Life Money Balance® YouTube for content beyond the podcast
Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
Connect with us across social media for more content - top right corner
Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

Unlock and Overcome Financial Trauma with Saundra Davis

Wed, 23 Aug 2023 22:00:00 -0500

The LMB® Podcast invites special guest Saundra Davis, MSFP, APFC®, MCC, FBS®, CSC, "The Financial Coach's Coach," a #FinancialTherapy pioneer, Director of the Financial Planning Program at Golden Gate University, and Founder of Sage Financial Solutions.

We discuss the roots and characteristics of #financialtrauma, how financial trauma impacts people's lives and finances through particular life and money events that shift future relationships with money, and approaching solutions with #compassion.

We also discuss the potential consequences of the over and misapplication of financial trauma. Financial trauma is such a careful continuum that we need two episodes. Tap into part 1 and stay tuned for part 2.

Download your FREE guide: 10 Questions to Discover Your Money Mind, Aspirations & Freedom
Subscribe to Life Money Balance® YouTube for content beyond the podcast
Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
Connect with us across social media for more content - top right corner
Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion, #financialeducation

Learn more at concurrentfp.com

What Financial Advice Does GenX Want?

Wed, 28 Jun 2023 12:00:00 -0500

The LMB® Podcast invites special guest Mr. Caleb Silver, Editor-in-Chief of Investopedia, to ask and discuss “What Financial Advice Does GenX Want?” from the human and financial side of advice.

Like the movie ‘Taken,’ regarding financial planning topics, you have a “special set of skills.” You are a “sandwich” generation between young adult children and elderly parents, desire to maximize your lifestyle now and optimize your retirement years later.

In this episode:
0:59 What does financial freedom mean?
3:28 Don’t want to & DO want to
5:12 Life Money Balance & Let your life lead your money
7:33 What financial advice does Gen X Want?
10:56 Does Gen X want to be educated & informed?
12:18 The importance of connection
13:18 What does retirement mean?
17:10 The bald eagle and retirement story.
18:09 Maximize life now AND optimize retirement later

Download your FREE guide: 10 Questions to Discover Your Money Mind, Aspirations & Freedom
Subscribe to Life Money Balance® YouTube for content beyond the podcast
Discover a client relationship. Schedule a FREE, 20-minute Good Fit Meeting
Connect with us across social media for more content - top right corner
Find your story & learn about services that fit your journey

Thank you for tuning in; we hope the information is educational and valuable. Remember to like and subscribe to the LMB® channel. We appreciate you. Listen to the disclaimer at the end of the show.

#lifemoneybalance, #financialfreedom, #retirement, #aspiration, #wellbeing, #wealthbuiding, #wealth, #financialwellness, #compassion

Learn more at concurrentfp.com

Is Social Security Running Out?

Thu, 06 Apr 2023 08:00:00 -0500

"Is Social Security Running Out?" People already have worry & anxiety over retirement. Being alarmist with information cloaked in awareness needlessly elevates the strife.

Knowing how the SS system works and what to expect, near-term retirees can DIY or partner with a financial planner or financial coach to adjust their retirement funding plan.

Conversation Insights:

Brief SS System history and why the history is essential in how we view the SS benefit funds our retirement.
Understand how tax collection funds the SS System describing its shortcomings and survival.
Why the narrative of "running out" exists. How did we get a surplus, and why is the surplus, but not the system, running out?
What happens to our benefits when the surplus funds run out, and the system tax collections fund our benefits?
How can people supplement their retirement resources beyond social security and live their desired retirement lifestyle?

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Schedule a FREE, 20-minute Good Fit Meeting

Thank you for tuning in; we hope the information is educational and valuable. Please listen to the disclaimer at the end of the show.

Learn more at concurrentfp.com

E10: Four Reasons Your Stories Make Money Seasons w/ Jess Bost, RICP®

Fri, 03 Mar 2023 17:00:00 -0600

Financial advice requires a financial planning process that includes discovering how you think, feel, and behave with money and your life and money alignment. The investigation is–past, present, and future. Life is a journey of life events and life stages–seasons.

The seasons of trial, triumph, transition, and transformation serve as an inspirational willingness to align your money with your life aspirations. The Four Reasons Your Stories Make Money Season is the connective glue that gives your money life assignments.

Dr. Cherry has a candid and compassionate conversation with inspiring and introspective special guest Jess Bost, RICP® from Alpha Architect, to discuss why and how the three T's relate to your money–your Life Money Balance®. Let's Chop!

Learn more at concurrentfp.com

E9: The Power of Life & Money Conversations: Resilience to Aspiration w/ Leah Davis, FFC®

Sat, 24 Sep 2022 18:00:00 -0500

The Life Money Balance™ journey finds roots in story exchanges that help us establish the foundation and build frameworks to process life events and achieve our aspirations.

Episode nine welcomes w/ Leah Davis, FFC®, who shares her story of resilience that fuels her life aspirations which connect her life with her money. Her story has themes of life and money, trauma, abuse, and discovery.

She shares how her journey led her to the personal finance and financial coaching professions focused on helping people process emotion, being heard, valued, and belonging. We talk about how the power of empathy and compassion in conversations with the people we serve helps people unlock and uncover the life and money paths they long to achieve.

This show is one of being a survivor, demonstrating courage and strength and resilience in abundance. Let's chop!

Learn more at concurrentfp.com

E8: Hobby to Hustle: Find Joy in Your Workplace & Entrepreneur Careers w/ Guest Jennifer Gloria

Fri, 12 Aug 2022 09:00:00 -0500

Your aspirational life evolves, and you transition from season to season. Aspirations and seasons integrate life, money, and career platform choice.

When one season finds a peak, you ask yourself, “what do I aspire to do next?”. Other questions that you may ask yourself:

-Where are my fulfillment gaps?
-How do I want to maximize my life and money well-being?
-Can I envision courageously in my aspirational mission?
-Which career platform is best for me? Workplace or entrepreneur? Or Combination?
-How do I approach my family conversations?

It’s a pleasure to discuss these topics more with my dear sister Jennifer Gloria. She shares her courageous story about her life transition that may resonate with your life position. We cover:

-Being valued in the workplace.
-Complementing household income with a workplace and entrepreneur career.
-Importance of money conversations with your spouse and young adult children.
-Believing in your Faith following and confidence in yourself to pursue your aspirations.
-Leveraging a hobby to side-hustle to a thriving business.

You don’t want to miss this episode. Let’s chop it up!

Learn more at concurrentfp.com

E7: The Money & Emotion of Marriage with Lazetta Rainey Braxton, MBA, CFP®

Wed, 13 Jul 2022 17:00:00 -0500

In this episode, we extend from marriage and money theme foundations from the Charles and Carla episodes 2 & 3. Renowned & decorated financial planner and long-time married (25 years), Lazetta Rainey Braxton, MBA, CFP®, imparts wisdom on the "business of marriage". We discuss how marriage's emotions, values, and love intersect with the values and mechanics of money across marriage's ever-evolving course. From the unique perspective of a person and planner, Lazetta offers frameworks for discussion and money techniques to consider for marriage and money well-being. Let's chop it up!

Learn more at concurrentfp.com

E6: Roll & Adapt: How to Avoid Personal Deflation During External Inflation

Fri, 17 Jun 2022 15:00:00 -0500

In this timely episode, Dr. Cherry shares how "It's OK" to experience certain feelings about the external economic environment and how to analyze & adjust your personal situation to help manage and maximize your internal environment. The show emphasizes an emotional process to progress towards being prosperous during and after periods of uncertainty. Give yourself some grace, empathy & compassion to avoid having natural pause and caution turn to fear and panic. Dr. Cherry offers education on money tools & techniques to consider during temporary times of uncertainty. Roll & adapt to help maintain a healthy spirit.

Learn more at concurrentfp.com

E5: A Rounded Conversation About Cryptocurrency with Dr. Michael G. Thomas, AFC®

Wed, 25 May 2022 06:00:00 -0500

In this episode, we welcome Dr. Michael G. Thomas, AFC®, to discuss cryptocurrency through the lens of financial wellness and behavioral psychology while considering the framework and mechanical education of crypto, DeFi, and Blockchain technology. We begin with Michael sharing his story that helps fuel his passion for emotional empathy and financial wellness, ingredients that are missing from the hardline and fast information highway of cryptocurrency. We discuss the importance of establishing the fundamentals of investing before a crypto allocation and during your crypto research. We unpack the critical difference between risk tolerance and risk capacity and their vital importance in investment decisions and an overall financial plan. You don't want to miss this chop-up!

Learn more at concurrentfp.com

E4: Pathways: You Decided to Start Your LMB Journey, Now What?

Tue, 10 May 2022 08:00:00 -0500

Deciding to start a journey is courageous and promising. How do you effectively select a pathway that bests fits your desired needs, experiences, and outcomes? There are many choices and much information available. Dr. Cherry shares four self-discovery questions that will help inform your pathway partnership. We discuss pathways such as financial coaching, financial planning, financial platforms, financial education courses, what to look for, and what benefits they could bring to your journey. Find out why your ‘Blueprint’ is vitally important and why your story and human understanding are central to any pathway.

Learn more at concurrentfp.com

E3: Where Did Life Money Balance™ Begin? Meet the Parents (Part 2)

Mon, 25 Apr 2022 14:00:00 -0500

Dr. Cherry's parents, Charles and Carla, continue sharing their Life Money Balance™ journey. There are treasures troves of wisdom! We ask, and they share their perspectives on savings, spending, intentional goals, personal preferences, transitions, and trade-offs. They also share knowledge on the emotions, values, experiences, and stories meaningful to them, which informed their life and money decisions, behaviors, and practices. They comment on transitioning and living in retirement. There are more than a couple of funny moments, and Carla shares wisdom on life that will nurture your soul and truly summarizes Life Money Balance™.

Learn more at concurrentfp.com

E2: Where Did Life Money Balance® Begin? Meet the Parents (Part 1)

Thu, 31 Mar 2022 07:00:00 -0500

Where did the tenents of Life Money Balance all begin? Meet Dr. Cherry's parents. Married for 43 years, they discuss how their life influences and experiences directly affected how they made decisions as a unit on how they were going to raise their children. We talk about self-worth, access, relational communication, family communication, money talks and decisions within the household, and having empathy & compassion and being vulnerable.

Learn more at concurrentfp.com

E1: The Launch: Life Money Balance™ Podcast & Live Asprtnly™

Sat, 19 Mar 2022 10:00:00 -0500

Dr. Cherry shares the philosophy, expectations, takeaways, and topics of the LMB podcast. He also shares how his personal story helped shape LMB and Concurrent Financial Planning. The show discusses LMB and how personal stories help people connect with their LMB journey to maximize their wellbeing. Let’s chop!

Learn more at concurrentfp.com