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

In this episode, Mike Morton and Matt Robison discuss the incredible benefits of Health Savings Accounts (HSAs), which offer a unique way to save money without losing any to taxes. Learn how HSAs provide a "triple whammy" of tax advantages: contributions are tax-deductible, funds grow tax-free, and withdrawals for qualified medical expenses are tax-free. Understand the strategies to maximize your HSA, such as contributing the maximum amount, investing the funds, and saving medical receipts to enable tax-free reimbursements in the future. HSAs can serve as long-term savings for medical expenses in retirement, making them a powerful financial tool.

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/

Dreaming of establishing your own dynasty? While you may not control a nation, you can create a long-lasting educational legacy with a 529 plan! Join Matt Robison and me, Mike Morton, on this week’s podcast as we delve into funding education for your children, grandchildren, and even beyond. We'll explore how 529 plans, tax-advantaged savings accounts for educational expenses, can be the foundation of your family's educational future. With benefits like tax-free growth, flexible beneficiary options, and no mandatory distribution rules, these plans are powerful tools for generational financial planning. Tune in to learn how to turn your dreams of a dynasty into reality with a 529 plan!

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 episode, "10 Financial Hot Topics for 2024: Boring and Painful," join me and Matt Robison as we delve into Allan Roth's latest financial insights for 2024.
We cover critical topics my clients often ask about, from understanding the difference between real and nominal returns,and managing cash to avoid inflation's eroding effects, to ensuring your investments oscillate between boring stability and occasional pain.
We also discuss the importance of transitioning from saving to spending in retirement, staying calm during market downturns, and achieving true diversification. Tune in to learn about balancing bond investments, protecting against inflation with TIPS, and staying financially educated. Don't miss it!

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/

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/