loader from loading.io

Save More Time & Money During Back to School Time This Year, Ep #93

Financial Symmetry: Balancing Today with Retirement

Release Date: 09/09/2019

Be Ready For These 10 Tax Surprises, Ep #213 show art Be Ready For These 10 Tax Surprises, Ep #213

Financial Symmetry: Balancing Today with Retirement

So many of us will be hoping for no tax surprises when preparing our tax returns this year.  This is why we want to provide you with a list of common tax surprises to watch for. After working with hundreds of clients to prepare their tax returns, we’re sharing the latest tax surprises we see that could be helpful to know when completing your tax return this year. Outline of This Episode [0:42] The Slott Report [2:39] Inheritance surprises [6:51] Credit card rewards [8:10] Interest income increases [10:54] Income earned in different states [12:32] 1099Ks [14:14] Underwithholding from...

info_outline How to Handle a Forced Early Retirement, Ep #212 show art How to Handle a Forced Early Retirement, Ep #212

Financial Symmetry: Balancing Today with Retirement

Retirement can hit us with numerous curveballs. One of those could happen right out of the gate–being forced with an early retirement.  We all know that layoffs are part of the corporate landscape. While they are commonplace, when you are faced with one later in your career it can cause you to reevaluate your financial situation.  In this episode, we discuss your options if you are laid off and how they fit in with your financial plan, your tax plan, and your 401K. **** 📬 Get our .  📰 See the  🌐 Explore the     

info_outline Tools for Making Better Financial Decisions, Ep #211 show art Tools for Making Better Financial Decisions, Ep #211

Financial Symmetry: Balancing Today with Retirement

While most of our listeners are in or on the cusp of retirement, many have loved ones who are earlier in their careers. Often we get questions on how our listeners and clients can help their younger family members make better financial decisions.  As we celebrate International Women's Day with this episode, you’ll meet our newest CFP, Niamh Douglas. Niamh and Allison discuss some tools and strategies to help young people who are just starting out get off on the right financial foot. Resources & People Mentioned Episode 189 - BOOK - by Nick Murray BOOK - by Laura Redfern ...

info_outline Turn Your ‘What Ifs’ into 'What's Next' with Retirement Stepping Stones, Ep #210 show art Turn Your ‘What Ifs’ into 'What's Next' with Retirement Stepping Stones, Ep #210

Financial Symmetry: Balancing Today with Retirement

Many who approach retirement view it as the ultimate goal, but you could have 30+ years to experience the retirement you've worked to build.  While much of retirement planning is focused on the numbers, people often fail to intentionally plan out how they'll spend their time. In this episode, we explore some common retirement pitfalls and then ten stepping stones to help us overcome challenges you might encounter. **** 📬 Sign up for the  and receive our Pre-Retirement Checklist.  🎯 Article - 📰 See the  🌐 Explore the 

info_outline 5 Reasons to Consider Investing in More Than the S&P 500, Ep #209 show art 5 Reasons to Consider Investing in More Than the S&P 500, Ep #209

Financial Symmetry: Balancing Today with Retirement

Many investors have been tempted to invest more, if not all, of their portfolios in the S&P 500 given the incredible run it’s had over the last decade. But today we are talking through five reasons why you should consider not making a concentrated investment only in the S&P 500.  Don't let recency bias rule your decision-making on the road to your ideal retirement. **** 📬 Sign up for the and receive our Pre-Retirement Checklist.  🎯 Article -  📰 See the  🌐 Explore the 

info_outline The Challenges with Divorce in Retirement with Lesli Doares, Ep #208 show art The Challenges with Divorce in Retirement with Lesli Doares, Ep #208

Financial Symmetry: Balancing Today with Retirement

One of the biggest financial disasters that people can experience in retirement is divorce. On this episode of Financial Symmetry, Grace Kvantas chats with licensed marriage and family therapist, Lesli Doares. Lesli shares warning signs to look out for, misconceptions about keeping finances separate, and why couples should seek marriage counseling in retirement. Your marriage affects every aspect of your life. Listen in to learn how you can improve it.  **** 📬 Sign up for the and receive our Pre-Retirement Checklist.  🎯 Article - by David Booth 📰 See the  🌐 Explore...

info_outline Should I Roll My IRA into My 401K to Do a Backdoor Roth? Ep #207 show art Should I Roll My IRA into My 401K to Do a Backdoor Roth? Ep #207

Financial Symmetry: Balancing Today with Retirement

If you have rollover IRA accounts and want to make a backdoor Roth IRA contribution, this episode is for you. There are several steps involved to handle this strategy in the right way including understanding how you roll the IRA accounts to your 401k. Today we walk through five considerations you should think through before you implement a strategy to complete your Backdoor Roth contributions. **** 📬 Tips each month to help you Enhance Your Today and Enrich Your Tomorrow.  🎯  📰 See the  🌐 Explore the    

info_outline 15 Surprising Financial Facts to Round Out 2023, Ep #206 show art 15 Surprising Financial Facts to Round Out 2023, Ep #206

Financial Symmetry: Balancing Today with Retirement

In our usual episodes, we aim to arm you with a particular insight or strategy that can help you inch closer to your ideal retirement.  But, with todays show, we want to close the year by providing a list of 15 surprising financial facts about the year that you could share in a conversation with a friend or family member. We also pay tribute to the great investor Charlie Munger, by providing a few of our favorite Mungerisms. As you begin your 2024, we thank you all for listening and sharing our show. We look forward to continuing to provide you with helpful steps on your journey to reach...

info_outline Planning for Health Insurance in Retirement Pre-Medicare, Ep #205 show art Planning for Health Insurance in Retirement Pre-Medicare, Ep #205

Financial Symmetry: Balancing Today with Retirement

If you are planning on retiring before age 65, there is no doubt that you have had this question. What do you do about health insurance?  In the United States, the health insurance landscape is ever-changing and takes quite a bit of planning.  Many people even feel anchored to their jobs because of the prohibitive costs of health insurance. However, there are options for healthcare before age 65. Listen in to discover what your options are and what you should be doing to plan for this complicated aspect of early retirement.  Outline of This Episode [2:44] COBRA [8:04] Using...

info_outline Tax Planning Tips You May be Ignoring, Ep #204 show art Tax Planning Tips You May be Ignoring, Ep #204

Financial Symmetry: Balancing Today with Retirement

Taking advantage of tax planning opportunities before year-end may benefit you this year while also lowering your lifetime tax rate.  Paying more taxes now to lower your lifetime tax rate may seem unconventional, but if you are serious about building wealth, this episode may include a strategy for you. Listen in to hear ten tax strategies you could use on the path to your ideal retirement.  **** 📬 Tips each month to help you Enhance Your Today and Enrich Your Tomorrow.  🎯  📰 See the 

info_outline
 
More Episodes

Are you looking for money and/or time-saving tips now that the summer is over and the kids are back to school? Summer can always feel expensive with summer camps, vacations, and then back to school shopping. With fall approaching and the kids back in school, we put together a list of ways you can save time and money to make this year better than the rest.

Time-saving tips

  1. Look at how you spend your time at home and see what you can contract out. Can you hire someone to clean or cut the yard? The more you can hire out the more quality time you’ll have with your family.
  2. Back to school means back to fundraising. If you have a volunteer requirement at your kids’ school get the volunteer hours in early. You could also see if the grandparents would be willing to volunteer. It’s a great way for them to get involved in their grandkids' lives. You can also check if you can donate goods rather than time. 
  3. Online grocery shopping saves lots of time. Oftentimes online shopping will save you money as well since there is less impulse buying. Another bonus is your kids won’t be asking for sugary snacks. Have you tried online shopping?
  4. Try meal planning. Some people use traditional meal planning using pen and paper, but you can also utilize services like Clean Eats or Donavon's Dish. These services will save plenty of time while still managing to feed the family a healthy meal. Have you tried using a meal planning service or a subscription service?
  5. Get the kids to help. Kids can pitch in from a young age. They can help set the table, make a salad, sweep up or wash the dishes. You may get pushback at the beginning, but after making dinner chores a regular habit they will feel proud of their hard work. 
  6. Skip the carpool line. The morning and afternoon carpool line can suck up to an hour out of your day! You can utilize before or after school programs to help you get more out of your time at work. Another idea is to have local grandparents help pick the kids up after school. 
  7. Strategically work from home. You can skip additional time in the car by occasionally working from home. This may not work out for the whole day. But you could come home after lunch and work before having to go pick up the kids for their after school activities. 

Money-saving tips

  1. Think about the holidays now. Consider how much you want to spend and create a budget. Do you want to travel? Plan out the travel in advance so that you know what you are going to spend. You can use an Amazon Wishlist to help you plan the gift-giving. Make sure to start saving for the holidays now.
  2. Reassess your monthly expenses. Fall is a great time to think about your expenses. If you have any decrease in your monthly expenses you can think about increasing your savings. Up your 401K contributions or max out your Roth. It always helps to have an automatic draft to savings. Focus on putting more toward long-term goals rather than short-term. 

What do you do to save time and money at home? Have you started any new routines this school year? What is working for you? Let us know your money and time-saving tricks. Send us an email at [email protected] or [email protected].

Outline of This Episode

  • [2:47] Look at how you spend your time at home
  • [4:08] Back to school means back to fundraising
  • [7:37] Meal planning
  • [11:38] Skip the carpool line
  • [13:02] Strategically work from home
  • [15:15] Think about the holidays now
  • [16:27] Reassess your monthly expenses

Connect with Allison Berger

Connect With Chad and Mike

DISCLAIMER:

This podcast is property of Financial Symmetry Inc. The hosts and guests of the show do not render or offer to render personalized investment or tax advice through this podcast. This production is for informational purposes only and does not constitute financial, tax, investment, or legal advice. Listeners should consult with appropriate advisors for advice specific to your situation.