14 episodes

Welcome to Tony Talks Wealth!

Tony interviews real people about their money journey, challenges and how they overcame them. You will learn personal finance and practical money management tips to help you get your finances in order as well as your money mindset.

He also discusses how to invest and plan for an early-retirement and financial freedom in simple, easy to understand language.  It’s time to plan your finances and create your own ‘GAME Plan’.

 

‘If you fail to plan, you are planning to fail’ – Benjamin Franklin

Tony Talks Wealth Podcast Tony Thomas

    • Investing
    • 5.0 • 4 Ratings

Welcome to Tony Talks Wealth!

Tony interviews real people about their money journey, challenges and how they overcame them. You will learn personal finance and practical money management tips to help you get your finances in order as well as your money mindset.

He also discusses how to invest and plan for an early-retirement and financial freedom in simple, easy to understand language.  It’s time to plan your finances and create your own ‘GAME Plan’.

 

‘If you fail to plan, you are planning to fail’ – Benjamin Franklin

    Financial Action Plan

    Financial Action Plan

    With a new year rolling in, there's never been a better time to take more control of your financial life. With this in mind, Tony is here to talk to you about why these plans are so important, and the ten best ways in which you can structure your own.

    KEY TAKEAWAYS
    Review your expenses regularly and look for ways, large and small, to cut back. Freeing up extra cash is a great way to get ahead, and allows you to face any unexpected challenges.
    Tax really matters! Make sure you seek professional guidance and take advantage of any discounts, breaks or allowances that can work to your benefit.
    Don't be afraid to speculate from time to time. Wise investments can provide you with a good income throughout life, so take guidance and invest wisely.

    BEST MOMENTS

    'Knowing where to begin - that's the key'

    'Markets move through stages of growth, slowing down and speeding up!'

    'You need to take some risks in order to generate a return'

    ABOUT THE HOST

    Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

    “Live For Today, Invest For Tomorrow”

    CONTACT

    Tony’s official website: https://ttwealth.co.uk/

    Facebook: https://www.facebook.com/TonyThomas.IFA/

    LinkedIn: https://www.linkedin.com/in/tonythomas2/

    See omnystudio.com/listener for privacy information.

    • 16 min
    Blending Retirement Options - Retirement Wealth Check

    Blending Retirement Options - Retirement Wealth Check

    This time, Tony examines two topics - blending your retirement options, and the importance of having a retirement wealth check in place.

    KEY TAKEAWAYS
    Blending your retirement options is about having the right balance between flexibility and security to suit your circumstances.
    Review your spending habits and consider if you have the scope to save a little more each month. This will help you to enjoy the retirement that you want.
    Make sure you don't miss out on having the full state pension if it's possible. It's a crucial area to get right as you could save lots of money.

    BEST MOMENTS

    'Remember that with any option, tax benefits are subject to change'

    'Which combination is right for you will depend on a number of factors'

    'Everybody's circumstances are different'

    VALUABLE RESOURCES

    Government State Pension - https://www.gov.uk/check-state-pension

    ABOUT THE HOST

    Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

    “Live For Today, Invest For Tomorrow”

    CONTACT

    Tony’s official website: https://ttwealth.co.uk/

    Facebook: https://www.facebook.com/TonyThomas.IFA/

    LinkedIn: https://www.linkedin.com/in/tonythomas2/

    See omnystudio.com/listener for privacy information.

    • 7 min
    Accessing Cash From Your Pensions

    Accessing Cash From Your Pensions

    In this week's show, Tony covers two vital topics - how to access small cash sums from your pension pot, and how to cash out your pension entirely if you wish to do so.

    KEY TAKEAWAYS
    For each cash withdrawal, the first 25% is tax-free. The rest comes as a taxable income. Be aware that each withdrawal may involve a charge.
    Once you take money out of your pension pot, any growth in its value is taxable. Lump sums could reduce your entitlement to benefits.
    If you're planning to put the money you've taken into savings or other investments, you should always compare and consider inheritance tax

    BEST MOMENTS

    'Most people underestimate how long their retirement is going to last for'

    'Without very careful planning, you could run the money and have nothing to live on'

    ABOUT THE HOST

    Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

    “Live For Today, Invest For Tomorrow”

    CONTACT

    Tony’s official website: https://ttwealth.co.uk/

    Facebook: https://www.facebook.com/TonyThomas.IFA/

    LinkedIn: https://www.linkedin.com/in/tonythomas2/

    See omnystudio.com/listener for privacy information.

    • 9 min
    Pension Freedoms

    Pension Freedoms

    This week, Tony looks at the ever-more important topic of pension freedoms, with a particular focus upon the decisions you need to make in order to access your pension pots.

    KEY TAKEAWAYS
    Those aged over 55 now have a far greater freedom of choice in how they use their pension pots to fund their retirement years.
    As ever, it is always wise to take professional, independent advice before attempting to access pension funds. Informed decisions are crucial.
    You may now take your entire pension pot in one cash lump sum if you desire, but this could lead to a huge income tax bill, meaning less money during retirement.

    BEST MOMENTS

     'The secret to happiness is freedom!'

    'Pension freedoms have made it much easier for people to access their pension pots'

    'It's essential to obtain professional advice before you make any major decisions!

    ABOUT THE HOST

    Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

    “Live For Today, Invest For Tomorrow”

    CONTACT

    Tony’s official website: https://ttwealth.co.uk/

    Facebook: https://www.facebook.com/TonyThomas.IFA/

    LinkedIn: https://www.linkedin.com/in/tonythomas2/

    See omnystudio.com/listener for privacy information.

    • 13 min
    Delaying Retirement

    Delaying Retirement

    Today Tony talks about delaying retirement, and why many have now considered working for much longer than they previously hoped.

     

    KEY TAKEAWAYS

     
    The pandemic has forced a nationwide rethink of finance in general, and how we manage our money. As a result, many over the age of 50 have delayed plans to retire.
    While some will choose to work for longer, the key consideration is that the pandemic has affected plans, rather than personal choice.
    There are five key positive reasons to delay taking your pension:

    Your pension has longer to grow
    Maximise your savings potential
    Your employer will keep topping up your pension
    Tax relief until the age of 75
    Delaying state pension can boost your pension payments

     

    BEST MOMENTS

     

    'These figures are significantly higher for the over-50s’

    ‘People have been forced to rethink retirement plans because of the financial impact’

     

    ABOUT THE HOST

     

    Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

    “Live For Today, Invest For Tomorrow”

     

    CONTACT

     

    Tony’s official website: https://ttwealth.co.uk/

    Facebook: https://www.facebook.com/TonyThomas.IFA/

    LinkedIn: https://www.linkedin.com/in/tonythomas2/

    See omnystudio.com/listener for privacy information.

    • 7 min
    Is Flexible Retirement Income The Answer You've Been Looking For?

    Is Flexible Retirement Income The Answer You've Been Looking For?

    Flexible retirement income is becoming an increasingly popular way of ensuring your money works for you in your retirement. In this week's edition, Tony talks you through how it works, and why it might be the financial answer you've been looking for.

     

    KEY TAKEAWAYS

     
    Flexible retirement income involves reinvesting your pension funds, with the aim of giving you a regular taxable income throughout retirement.
    Users set the income they want, although this may change on a regular basis depending on the performance of your investments. You must manage this carefully as it is not guaranteed for life. Always take advice.
    Bear in mind that large withdrawals may take you into a higher tax band. If the value of your pension savings is above a certain threshold, then further tax charges might apply.

     

    BEST MOMENTS

     

    'This can help you pay the bills and live your life!'

    'This is always going to be personal to you as everyone is different'

     

    ABOUT THE HOST

     

    Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

    “Live For Today, Invest For Tomorrow”

     

    CONTACT

     

    Tony’s official website: https://ttwealth.co.uk/

    Facebook: https://www.facebook.com/TonyThomas.IFA/

    LinkedIn: https://www.linkedin.com/in/tonythomas2/

    See omnystudio.com/listener for privacy information.

    • 8 min

Customer Reviews

5.0 out of 5
4 Ratings

4 Ratings

Dodge Woodall ,

Brilliant

A fantastic podcast. Keep them coming please 👌🏼

Julie Quattro ,

Mrs Julie White

Fantastic practical information

L.Roff ,

Mr T

Great stuff.

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