Beer & Money Ryan Burklo & Alex Collins

In this episode, Ryan Burklo discusses the distribution of tax status as a factor that impacts financial success. He emphasizes the importance of understanding how your assets will be taxed when you retire and how that affects the net income you receive. He explains the concept using a sample client's financial balance sheet and discusses the different types of taxable and tax-free income. The goal is to have a balanced pie chart with a mix of partially taxable, fully taxable, and non-taxable income. Ryan encourages listeners to think with the end in mind and seek guidance from advisors who can help with long-term tax planning. To learn more about Quantified Financial Partners, please visit our website ww.beerandmoney.net
Takeaways
Understanding how your assets will be taxed when you retire is crucial for maximizing your net income.
A balanced pie chart with a mix of partially taxable, fully taxable, and non-taxable income is ideal.
CPAs are helpful for managing taxes in the present, but it's important to work with advisors who can also help with long-term tax planning.
Thinking with the end in mind and considering the tax implications of your financial decisions can lead to a more stress-free and financially secure life.
Chapters
00:00 Introduction and Recap of Previous Episodes
02:01 Understanding the Sample Client's Financial Balance Sheet
06:30 Considering Lifestyle and Income in Retirement
09:12 Desired Balance in the Pie Chart
10:29 The Role of Advisors in Long-Term Tax Planning
11:43 Conclusion and Call to Action
 

In this episode, Ryan Burklo and Alex Collins discuss the factors that impact financial success, focusing on the location and liquidity of wealth. They explain that most people have two buckets of money: savings and retirement accounts. However, they emphasize the importance of having a midterm bucket, which provides liquidity and flexibility for life events and goals. They discuss the characteristics of each bucket and the need for balance and tax efficiency. They also introduce the concept of true liquidity, which involves having money in a separate account that is not correlated with the market. They provide examples and calculations to illustrate the benefits of having a midterm bucket and true liquidity. If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net
Takeaways
The location of wealth can be more important than the amount of wealth.
Having multiple buckets of money with different tax treatments and liquidity levels is crucial for financial success.
A midterm bucket provides liquidity and flexibility for life events and goals.
True liquidity involves having money in a separate account that is not correlated with the market.
Balancing risk and tax efficiency is key when allocating money across different buckets.
Chapters
00:00 Introduction
01:45 The Location of Wealth
03:29 The Importance of a Midterm Bucket
04:19 Understanding True Liquidity
07:28 Balancing Risk and Tax Efficiency
11:21 Maximizing Financial Success

In this episode, Ryan Burklo and Alex Collins discuss the five factors that impact financial success. They focus on the first factor, which is the amount of wealth. While many people believe that the size of their assets is the most important factor, the hosts argue that it is actually one of the smallest factors when it comes to the efficiency of assets. They provide an example to illustrate this point, showing that the rate of return and distribution method have a greater impact on income in retirement. The hosts emphasize the importance of considering all five factors and creating financial balance. If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net
Takeaways
The amount of wealth is just one of the five factors that impact financial success.
The rate of return and distribution method have a greater impact on income in retirement.
Creating financial balance is important, considering all five factors and finding appropriate amounts for each.
Legacy and the fear of running out of money are important considerations in retirement planning.
Chapters
00:00 Introduction and Beer Talk
03:01 The Impact of the Amount of Wealth
07:31 Rate of Return and Income in Retirement
10:48 Guaranteed Distribution in Retirement
13:55 The Importance of the Other Four Factors
16:03 Conclusion
 

In this episode, Ryan Burklo and Alex Collins discuss risk and volatility in investment portfolios. They emphasize the importance of investing for future income and the need to get the allocation and risk profile right. They explore the concept of volatility and how it relates to the movement of money in investment accounts. They also discuss the traditional two-legged stool model of investing in stocks and bonds, and the need to bring back a three-legged stool model that includes cash. They highlight the flexibility and choice that cash provides in managing unexpected expenses and investment opportunities. The episode concludes with a question for listeners about the number of legs in their financial stool. If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net
Takeaways
Investing is important for future income and financial security.
Getting the allocation and risk profile right is crucial.
Volatility refers to the movement of money in investment accounts.
The traditional two-legged stool model of investing in stocks and bonds may not provide enough flexibility and choice.
Including cash in the investment portfolio can provide a buffer and allow for better allocation and risk management.
Having cash on hand is essential for managing unexpected expenses and investment opportunities.
Chapters
00:00 Introduction and Importance of Investing
02:28 Investing in 401k and Risk Profile
07:42 Understanding Bonds and Volatility
09:34 The Importance of Cash in Allocation
13:03 Flexibility and Choice Provided by Cash
15:23 Managing Unexpected Expenses and Investment Opportunities

In this episode, Ryan Burklo and Alex Collins discuss the concept of net rate of return and its impact on investment portfolios. They explore the real rate of return, inflation, asset allocation, and the importance of balance sheet allocation. The conversation delves into the significance of understanding and combating inflation to achieve long-term financial goals. If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net
Takeaways
Understanding the real rate of return is crucial for evaluating the true performance of an investment portfolio.
Inflation erodes the purchasing power of money, making it essential to combat inflation through strategic asset allocation.
Balance sheet allocation and risk profile play a significant role in achieving a favorable rate of return.
The composition of the portfolio, including promise-based assets and market-based assets, impacts the overall risk and return profile.
The conversation emphasizes the importance of considering the entire balance sheet and not just individual accounts when evaluating investment strategies.
Chapters
00:00 Understanding Net Rate of Return and Inflation Impact
02:51 Strategic Asset Allocation for Combatting Inflation
06:11 The Role of Balance Sheet Allocation in Rate of Return
09:05 Composition of Promise-Based and Market-Based Assets
11:56 Evaluating Investment Strategies Beyond Individual Accounts

In this conversation, Alex Collins discusses different strategies for funding a child's education. He explores the limitations of 529 plans and suggests alternative methods such as using real estate investments, cash value from life insurance policies, and Roth IRAs. The goal is to provide flexibility and options for funding education while also teaching children important life skills. It is important to work with professionals and consider various factors such as cash flow, liquidity, and taxes.
If you would like to learn more about Quantified Financial Partners, please visit our website https://www.beerandmoney.net
Takeaways
529 plans are a common choice for education funding, but they have limitations and lack flexibility.
Using real estate investments can provide a multi-use dollar and teach children valuable life skills.
Cash value from permanent life insurance policies can be used to fund education.
Roth IRAs can also be used for higher education, but caution is needed and professional advice should be sought.
It is important to consider factors such as cash flow, liquidity, and taxes when planning for education funding.
Chapters
00:00 Introduction and Favorite Beer
01:29 Limitations of 529 Plans
04:44 Using Real Estate Investments
06:21 Utilizing Cash Value from Life Insurance Policies
09:43 Considering Roth IRAs for Higher Education
11:15 Factors to Consider in Education Funding
14:17 Importance of Flexibility and Professional Advice
15:51 Encouragement for Questions and Feedback
16:10 Closing Remarks