Episode 350 - Can I Retire?
Built For Life, Not Just Wealth
In this episode of Built For Life Not Just Wealth, Ryan Burklo provides an insightful discussion on retirement readiness by examining a sample client's financial situation to determine their potential to retire within the next five years. Ryan delves into crucial financial metrics that are essential for evaluating retirement plans. He also highlights various risk factors that could impact financial stability and shares effective planning strategies. These elements are aimed at equipping listeners with the tools and knowledge necessary to evaluate their own retirement prospects and make...
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Episode 349 - The Essentials of Financial Planning
Built For Life, Not Just Wealth
In this episode of Built For Life Not Just Wealth, Ryan Burklo delves into the multifaceted framework of wealth, highlighting the importance of not just investments, but also the critical roles of income, purpose, and strategic planning. In this episode, listeners will discover how to effectively align their financial lives with their personal values and long-term goals. By understanding and implementing these principles, you can achieve lasting success and financial well-being. Ryan provides insights and practical advice on how to navigate the complexities of wealth management, ensuring that...
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Episode 348 - When the World Gets Loud, Go for a Walk
Built For Life, Not Just Wealth
In this episode of Built For Life Not Just Wealth, Ryan Burklo delves into the pervasive impact of the modern world's relentless noise on various aspects of our lives, including mental health, relationships, and financial stability. He offers personal insights and experiences on how to navigate the challenges of information overload and social comparison. Additionally, Ryan emphasizes the importance of maintaining focus through intentional living and incorporating physical activity into daily routines as a means to counteract these pressures. Check out our website: Find us on...
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Episode 347 - The 5 Tests to Determine if You're Actually Financially Successful
Built For Life, Not Just Wealth
In this episode of Built For Life Not Just Wealth, Ryan Burklo presents five essential tests that serve as a comprehensive guide to evaluating your financial success. These tests focus on key areas such as control, protection, freedom, alignment, and liquidity. By understanding and applying these principles, you can effectively assess your financial health and ensure it aligns with your broader life goals. This approach not only helps in identifying areas of improvement but also empowers you to make informed decisions that support your long-term aspirations. Check out our website: ...
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Episode 346 - Who’s in the Room? The Invisible Guest Shaping Your Financial Decisions
Built For Life, Not Just Wealth
In this episode of Built For Life Not Just Wealth, Ryan Burklo and Alex Collins explore the concept of the 'invisible guest' in decision-making, especially around finances, and how subconscious influences shape our financial behaviors. They discuss how to identify these influences, align your values, and create a financial plan that reflects your true desires. Check out our website: Find us on YouTube: Subscribe to our newsletter: Check out our Instagram: Ryan Burklo’s LinkedIn profile: Alex Collin’s LinkedIn profile: For a quick assessment of your current financial life...
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Episode 345 - The Quiet Scripts Running Your Life
Built For Life, Not Just Wealth
In this episode of Built For Life Not Just Wealth, Ryan Burklo explores how unconscious language shapes our financial decisions and life outcomes. He emphasizes the importance of becoming aware of quiet scripts we tell ourselves, such as 'I don't have time' or 'It's not the right time,' and how these beliefs influence our behavior and future. Practical exercises and conscious awareness are key to transforming these scripts and living a more intentional life. Check out our website: Find us on YouTube: Subscribe to our newsletter: Check out our Instagram: Ryan Burklo’s...
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Episode 344 - Beyond Wealth: Embracing Schopenhauer's Philosophy
Built For Life, Not Just Wealth
In this episode of Built For Life, Not Just Wealth, Ryan Burklo delves into the application of Schopenhauer's philosophy to wealth-building and achieving a fulfilled life. He presents six actionable steps designed to transform your mindset: detach from the perpetual cycle of desires and concentrate on goals that truly matter. This approach not only aligns financial growth with personal values but also emphasizes the importance of intentional living and reducing unnecessary suffering. Check out our website: Find us on YouTube: Subscribe to our newsletter: Check out our...
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Episode 343 - When Your Money Is Working Against Your Life
Built For Life, Not Just Wealth
In this episode of Built For Life, Not Just Wealth, Ryan Burklo explores the critical connection between your financial structure and your personal freedom. Discover how misalignment can quietly undermine your goals—and learn practical ways to align your money with the life you truly want. Check out our website: Find us on YouTube: Subscribe to our newsletter: Check out our Instagram: Ryan Burklo’s LinkedIn profile: Alex Collin’s LinkedIn profile: For a quick assessment of your current financial life go to: #BuiltForLifeNotJustWealth #financialalignment #lifegoals...
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Episode 342- True Liquidity: The Backstop to the Balance Sheet
Built For Life, Not Just Wealth
In this episode of Built For Life, Not Just Wealth, Ryan Burklo and Alex Collins discuss the concept of true liquidity in retirement planning. They emphasize the importance of having a financial strategy that allows retirees to access funds without being negatively impacted by market downturns. The conversation covers various strategies for managing retirement income, the significance of maintaining a true liquidity bucket, and real-life examples illustrating the benefits of this approach. The hosts also address common misconceptions about market timing and the role of interest rates in...
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Episode 341 - The Hidden Power of Zooming Out
Built For Life, Not Just Wealth
In this episode, Ryan Burklo and Alex Collins discuss the complexities of navigating stock market opinions and the futility of market timing. They emphasize the importance of a diversified investment strategy and the need for long-term planning, especially as individuals approach retirement. The conversation highlights the noise created by market predictions and the necessity of focusing on personal financial goals rather than external pressures. Check out our website: Find us on YouTube: Subscribe to our newsletter: Check out our Instagram: Ryan Burklo’s LinkedIn profile: Alex...
info_outlineIn this episode of Beer and Money, Ryan Burklo discusses tax loss harvesting, a strategy to reduce taxes by selling investments that have lost value. He explains the mechanics of tax loss harvesting, its benefits, and the importance of working with financial professionals to align tax strategies with personal financial goals.
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For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo
#taxlossharvesting
#investmentstrategy
#taxreduction
#financialplanning
#capitalgains
#stockoptions
#diversification
#familygoals
#CPA
#financialadvisor
Takeaways
Tax loss harvesting is a strategy to lower your taxes.
Selling investments at a loss can reduce taxable income.
It can offset profits from other investments.
Employees with stock options can benefit from tax loss harvesting.
Diversifying concentrated stock holdings can be tax-efficient.
Selling losses can hedge against future taxes.
Maximizing tax savings is vital for family goals.
Consulting with a CPA is essential for tax strategies.
Aligning financial and tax planning is crucial.
Understanding your tax situation can influence investment decisions.
Chapters
00:00 Introduction to Tax Loss Harvesting
01:59 Understanding Tax Loss Harvesting
02:57 Reasons for Tax Loss Harvesting
04:51 Consulting Professionals for Tax Strategies