Financial Life Planning for Busy Parents Mike Morton, CFP®, RLP®, ChFC®

For decades, concerns have circulated that the U.S. The Social Security system would run out of money. While headlines continue to warn of imminent depletion, the political implications, especially during election years, fuel much of this fear. Join Matt Robison and Mike Morton this week as they discuss the efforts currently underway to ensure the sustainability of Social Security, such as adjusting tax caps and benefit calculations. Social Security should remain a key component of your retirement plan, though it's wise to stay informed about potential policy changes and regularly check your benefits.


Are you ready to create your ideal lifestyle?  Let’s Connect.

Learn more about Mike and my services at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/

Join us this week as Matt Robison and I discuss the strategies for minimizing capital gains taxes in today’s profitable housing market. We'll share a real-life client story that highlights how a couple saved thousands in tax liability by leveraging home improvement receipts and the primary residence exclusion. Discover how meticulous record-keeping and strategic planning can significantly reduce your tax burden, allowing you to keep more of the profit from the sale of your home. Tune in for tips on maximizing your tax savings and ensuring your home sale benefits you, not just Uncle Sam.

Are you ready to create your ideal lifestyle?  Let’s Connect.

Learn more about Mike and my services at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/

To-do or not to-do? Take a calendar approach
Ever feel like your to-do list never ends? Constantly moving unfinished tasks to the next day? In this episode, Matt Robison and I explore a game-changing productivity hack: scheduling tasks directly on your calendar. Forget the overwhelming to-do list that grows endlessly.
Instead, allocate specific time slots in your calendar for tasks, using your existing digital tools. This approach not only offers a clear visual of your workload but helps manage your time effectively. Batch similar tasks, allow flexibility for creative work, and use extra time wisely for small tasks or breaks. If you love checking blocks, keep a hybrid system with a list for quick wins and a calendar for bigger projects. Embrace this method to transform your productivity and reduce stress.

Are you ready to create your ideal lifestyle?  Let’s Connect.

Learn more about Mike and my services at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/

Join Matt Robison and me as we delve into the intricate world of inherited IRAs. In the first quarter of 2023, Americans held over $12 trillion in IRAs, and if you've inherited some of that wealth, there's a lot you need to know.
We'll clarify who qualifies as an Eligible Designated Beneficiary (EDB), the impact of the Secure Act 1.0's 10-year rule, and the importance of understanding required minimum distributions (RMDs).
We'll also discuss strategic considerations for taking distributions, the influence on your tax bracket, and the implications for student loans. Tune in to navigate the complexities of inherited IRAs and maximize your inheritance.
Are you ready to create your ideal lifestyle?  Let’s Connect.

Learn more about Mike and my services at: https://www.mortonfinancialadvice.com and connect at: https://www.linkedin.com/in/mwsmorton/

In this week’s podcast, Matt Robison and I delve into the world of "home hacking," a trend that's gaining traction in the realm of real estate. But forget about the usual DIY tricks to boost your home's value – we're talking about doubling your net worth through unconventional living arrangements. Imagine living with your mom as the key to unlocking financial prosperity. Sounds intriguing, right? This innovative approach isn't just about financial gains; it's about redefining the dynamics of multigenerational living. Join us as we explore the potential of home hacking and how it could revolutionize your approach to caring for aging parents while securing your financial future.

Are you ready to create your ideal lifestyle?  Let’s Connect.

Learn more about Mike and my services at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/

In this week's episode, Matt Robison and I delve into the essential lesson from renowned economist Robert Shiller: don't get swept away by stock market hype. Join us as we explore the implications of the Shiller PE ratio, currently standing at a lofty "34," we unpack Shiller's groundbreaking research and its practical applications for investors.
With a focus on the importance of valuation and maintaining a well-diversified portfolio, we emphasize the need for specificity in financial planning, particularly as you approach retirement or set specific financial goals. Shiller's insights remind us to steer clear of short-term hype and instead prioritize long-term fundamentals, ensuring confidence and resilience in navigating market volatility. So, whether you're a seasoned investor or just starting out, remember to stay focused, stay diversified, and stay the course for long-term success.

Are you ready to create your ideal lifestyle?  Let’s Connect.

Learn more about Mike and my services at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/