Financial Foundations

Base Wealth Management
Financial Foundations

Welcome to the "Financial Foundations" podcast, your gateway to the fascinating realm of finance, brought to you by Base Wealth Management. In this show, we delve deep into the world of money, guided by seasoned experts who will unravel the complexities of finance and provide you with invaluable insights and practical advice. Hosted by Dustin Taylor and Alex Wolfe, CFP®.

  1. When Can You Retire? Essential Tips and Insights for Retirement Planning

    10/18/2024

    When Can You Retire? Essential Tips and Insights for Retirement Planning

    Retirement is often seen as a simple financial milestone, but the truth is, it involves much more than just saving enough money. In this episode of Financial Foundations, brought to you by Base Wealth Management, our hosts Dustin Taylor, Alex Wolfe, and Kyle Howell dive deep into the complex reality of retirement planning. We start by addressing one of the most fundamental yet misunderstood questions: How do you know when you’re actually ready to retire? Our discussion goes beyond financial readiness to cover emotional and lifestyle considerations that often get overlooked. We explore why retiring “to” something rather than “from” something is crucial for a fulfilling post-career life, and how defining your ideal day in retirement can shape your financial plans. You’ll learn about the emotional and psychological adjustments many face when leaving the workforce, the fear of drawing down from your savings, and how to navigate these challenges with a flexible plan. We also discuss strategies to prepare for shifting income needs, the importance of having multiple sources of retirement income, and how to withdraw funds in a tax-efficient manner. Our conversation also covers market volatility and sequence-of-returns risk, explaining how the timing of market downturns can dramatically impact your financial future. We discuss popular guidelines like the “4% rule,” why it may not work for everyone, and other sustainable withdrawal strategies. Listen in to hear why early planning, starting as soon as your late 40s or early 50s, can make all the difference. Learn about the tools, like Monte Carlo simulations, used by financial planners to anticipate different market scenarios and adjust your retirement strategy accordingly. If you’re thinking about retirement, this episode offers practical insights to help you plan for a future that’s not just financially secure, but also personally fulfilling. For more information, visit our website at basewealthmanagement.com, or send your questions to question@basewealthmanagement.com.

    18 min
  2. Why Should I Use a Health Savings Account?

    07/12/2024

    Why Should I Use a Health Savings Account?

    Welcome to the Financial Foundations Podcast, brought to you by Base Wealth Management. In this episode, hosts Dustin Taylor and Alex Wolfe, CFP®, dive deep into the world of Health Savings Accounts (HSAs) with special guest Jeremy Riggs, CFP®. Have you ever wondered how an HSA can help you retire early? Or how to maximize the triple tax advantages of an HSA? Jeremy shares his extensive knowledge on these topics, revealing strategies to grow your HSA into a six-figure asset and highlighting why this often-overlooked account is a powerful tool for your financial plan. Plus, discover the differences between HSAs and Flexible Spending Accounts (FSAs) and learn why an HSA might be the best choice for your long-term savings. Are you curious about how to invest within your HSA to ensure it grows tax-free? Jeremy and Alex discuss tailored investment strategies based on your age and financial goals. Also, hear real-life examples of how clients have utilized HSAs to their advantage, often leaving them surprised by the flexibility and benefits these accounts offer. Whether you're planning for retirement, managing healthcare expenses, or simply looking to optimize your savings, this episode is packed with valuable insights and practical advice to help you make informed financial decisions. As always, be sure to send your questions to question@basewealthmanagement.com and let us know what topics you'd like us to cover in future episodes!

    13 min

Ratings & Reviews

5
out of 5
3 Ratings

About

Welcome to the "Financial Foundations" podcast, your gateway to the fascinating realm of finance, brought to you by Base Wealth Management. In this show, we delve deep into the world of money, guided by seasoned experts who will unravel the complexities of finance and provide you with invaluable insights and practical advice. Hosted by Dustin Taylor and Alex Wolfe, CFP®.

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