Financial Symmetry: Balancing Today with Retirement Chad Smith, CFP® and Mike Eklund, CFP®

So many of us will be hoping for no tax surprises when preparing our tax returns this year. 
This is why we want to provide you with a list of common tax surprises to watch for.
After working with hundreds of clients to prepare their tax returns, we’re sharing the latest tax surprises we see that could be helpful to know when completing your tax return this year.
Outline of This Episode [0:42] The Slott Report [2:39] Inheritance surprises [6:51] Credit card rewards [8:10] Interest income increases [10:54] Income earned in different states [12:32] 1099Ks [14:14] Underwithholding from your W4 [15:56] Forgotten statements [17:32] Double taxation on the Backdoor Roth [19:49] Underpayment penalty [21:14] The K1 for small business owners ****
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Retirement can hit us with numerous curveballs. One of those could happen right out of the gate–being forced with an early retirement. 
We all know that layoffs are part of the corporate landscape. While they are commonplace, when you are faced with one later in your career it can cause you to reevaluate your financial situation. 
In this episode, we discuss your options if you are laid off and how they fit in with your financial plan, your tax plan, and your 401K.
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📬 Get our Retire On Purpose Guide here. 
📰 See the full show notes here
🌐 Explore the Retirement Podcast Network here
   

While most of our listeners are in or on the cusp of retirement, many have loved ones who are earlier in their careers. Often we get questions on how our listeners and clients can help their younger family members make better financial decisions. 
As we celebrate International Women's Day with this episode, you’ll meet our newest CFP, Niamh Douglas. Niamh and Allison discuss some tools and strategies to help young people who are just starting out get off on the right financial foot.
Resources & People Mentioned Episode 189 - Smart Financial Decisions for Recent College Graduates 9 Retirement Surprises The Retirement Podcast Network 3rd Decade LadiesGetPaid.com BOOK - Simple Wealth, Inevitable Wealth by Nick Murray BOOK - Peaceful Prosperity by Laura Redfern  

Many who approach retirement view it as the ultimate goal, but you could have 30+ years to experience the retirement you've worked to build. 
While much of retirement planning is focused on the numbers, people often fail to intentionally plan out how they'll spend their time.
In this episode, we explore some common retirement pitfalls and then ten stepping stones to help us overcome challenges you might encounter.
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🎯 Article - Uncertainty is Underrated
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Many investors have been tempted to invest more, if not all, of their portfolios in the S&P 500 given the incredible run it’s had over the last decade.
But today we are talking through five reasons why you should consider not making a concentrated investment only in the S&P 500. 
Don't let recency bias rule your decision-making on the road to your ideal retirement.
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🎯 Article - A Few Thoughts on Spending Money
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One of the biggest financial disasters that people can experience in retirement is divorce. On this episode of Financial Symmetry, Grace Kvantas chats with licensed marriage and family therapist, Lesli Doares.
Lesli shares warning signs to look out for, misconceptions about keeping finances separate, and why couples should seek marriage counseling in retirement. Your marriage affects every aspect of your life. Listen in to learn how you can improve it. 
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📬 Sign up for the Advisor Corner Newsletter here and receive our Pre-Retirement Checklist. 
🎯 Article - Many Happy Returns by David Booth
📰 See the full show notes here
🌐 Explore the Retirement Podcast Network here