Money and Mortgages Podcast Adam Coleman

#retirementplanning, #taxplanning, #moneyandmortgages



In this episode, Adam Coleman hosts Certified Financial Planner and founder of DS Financial Strategies, Don Santoriello, to discuss strategies for retiring in the 0% tax bracket. They cover current tax brackets, the impact of future tax rate changes, and the importance of tax-efficient retirement planning. Santoriello emphasizes the need for strategic placement of funds into taxable, tax-deferred, and tax-free accounts, leveraging Roth conversions, life insurance retirement plans, and health savings accounts (HSAs) to minimize taxes. The discussion also delves into managing Medicare premiums, Social Security taxation, and the potential benefits of Roth conversions at various life stages.

For more information on Dawn, check out her website: https://www.dsfinancialstrategies.com/


00:00 Introduction to Retiring Tax-Free

00:59 Understanding the 0% Tax Bracket Concept

01:18 Tax Brackets and Future Predictions

03:16 Strategies for Achieving a 0% Tax Bracket in Retirement

03:30 Utilizing Taxable, Tax-Deferred, and Tax-Free Buckets

07:34 The Role of Roth Conversions and Life Insurance

13:42 Addressing Common Concerns and Misconceptions

17:54 Maximizing Health Savings Accounts (HSAs)

20:35 Strategic Roth Conversions and Medicare Considerations

23:02 Social Security Strategy and Final Thoughts

25:54 Contact Information and Closing Remarks



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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

#reversebudgeting #moneyandmortgages #personalfinance



In this podcast episode, host Adam Coleman talks with Certified Financial Planner David Wanya about the concept of reverse budgeting, a departure from traditional budgeting methods that focuses on 'paying yourself first'—allocating money to savings and investment before spending the remainder. They discuss how reverse budgeting encourages automatic saving to meet financial goals such as retirement or handling variable income, the importance of automation in maintaining the savings pace, and tools like Monarch money and YNAB to support budgeting efforts. The conversation also covers strategies for managing debt within the reverse budgeting framework and emphasizes the flexibility and personalized approach required when dealing with varying income levels or big-ticket expenses.



For more information on David, check out his website: https://www.finsyn.com/team/david-wanja/



00:00 Introduction to Reverse Budgeting with David Wanya

00:56 Defining Reverse Budgeting vs. Traditional Budgeting

02:05 Optimal Savings Percentages and Adjusting for Personal Goals02:45 Incorporating Employer Matches and Equity Compensation into Savings

05:11 The Role of Automation in Effective Budgeting

07:18 Choosing the Right Budgeting Tools: Monarch Money vs. YNAB

09:45 Prioritizing Debt Repayment in Your Budgeting Strategy

12:55 Adjusting Budgets for Big Ticket Purchases and Variable Incomes

14:03 Common Mistakes and Final Thoughts on Reverse Budgeting



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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

#moneyandmortgages #DivorceLending #CDLP

In this episode, we flip the script a little and instead of me asking my guest questions, she's the one interviewing me. My guest host is Kelly Myers, a Certified Divorce Coach, Mediator,, and founder of First Steps Divorce asks me all about the role of a Certified Divorce Lending Professional®. How is it different from a traditional mortgage broker? What are some of the key considerations people should think about when going through a divorce and trying to figure out what options they have to keep the house or buy a new one?

For more information on Kelly, check out her website: https://firststepsdivorce.com/

For more information on Adam and divorce lending, check out: https://adamcolemanmortgage.com/divorce



00:00 Introduction to Divorce Mortgage Challenges

00:45 The Importance of Early Involvement of Divorce Mortgage Specialists

01:02 Traditional vs. Divorce-Specific Mortgage Lending

02:40 The Critical Role of a Support Team in Divorce

04:07 Unique Benefits of Working with a Divorce Mortgage Specialist

05:56 Navigating Financial Planning and Mortgage Qualification Post-Divorce

07:32 Creative Solutions and Negotiation Strategies in Divorce Settlements

11:13 Reaching Out for Professional Help: Contact Information and Resources

11:49 The Value of Early Consultation and Resources for Those Considering Divorce

13:23 Conclusion and Final Thoughts


Follow Me for more tips on all things Mortgage and Personal Finance:

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https://www.linkedin.com/in/adamcoleman37

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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

#moneyandmortgages #RetireWhileYouWork #financialindependence

Adam Coleman is joined by Myles Zueger, Certified Financial Planner™ with Adams Wealth Management. They discuss the firm's innovative approach to retirement, encapsulated in their slogan 'Retire While You Work'. This concept, inspired by the founder David Adams, challenges the traditional retirement route of working until 65 and then pursuing hobbies and travel. Miles explains how the approach seeks to integrate enjoyment and purpose into one's career, allowing for a fulfilling life without waiting for retirement. The conversation delves into practical advice for achieving this lifestyle, including understanding individual financial goals, maximizing flexible work arrangements, and ensuring healthcare coverage. Miles provides real-world examples of clients who have successfully navigated this path, highlighting the importance of planning and living a life aligned with one's values and priorities.



For more information on Myles, check out his website: https://adamswealthpartners.com


00:00 Introduction to the Concept of 'Retire While You Work'

01:10 The Philosophy Behind 'Retire While You Work'

02:30 Comparing 'Retire While You Work' to the FIRE Movement

04:35 Uncovering Clients' True Desires and Planning for Retirement

07:57 Real-World Success Stories of 'Retire While You Work'

12:48 Navigating the Transition: Advice and Pitfalls

24:32 Conclusion and Contact Information


Follow Me for more tips on all things Personal Finance:

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https://www.linkedin.com/in/adamcoleman37

https://www.youtube.com/@adam.coleman.finance



Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

#moneyandmortgages #RothConversions #financialplanning



Adam Coleman is joined by Bill Nugent, Certified Financial Planner™ and founder of Convey Wealth Management, to unravel the complexities of Roth conversions. Bill, with a rich background in financial planning and tax strategy, shares his expertise on how Roth conversions can maximize one's after-tax wealth for themselves and their heirs. The conversation covers the basics of Roth conversions, the benefits, ideal timing based on age and income levels, and the process involved. We also explore scenarios where Roth conversions may not be advisable, the role of tax brackets, and real-world examples showcasing significant tax savings through strategic Roth conversions. Furthermore, Bill highlights how Roth conversions play into broader financial planning, including considerations regarding asset allocation and charitable donations. Bill Nugent also provides insights into the tools and software used for financial planning and strategies for individuals without access to sophisticated planning software.


For more information on Bill, check out his website: https://www.conveywealth.com/



00:00 Introduction to Roth Conversions with Expert Insights

00:34 Bill Nugent's Background and Expertise in Financial Planning

01:40 Understanding Roth Conversions: Basics and Benefits

03:44 When to Consider a Roth Conversion: Age vs. Income

07:28 Strategic Considerations and Potential Pitfalls of Roth Conversions

17:36 The Process of Executing a Roth Conversion

19:42 DIY Financial Planning for Roth Conversions

25:48 Real-World Impact of Roth Conversions: A Case Study

27:58 Conclusion and Contact Information


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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

#moneyandmortgages #homebuying #homeownership

In this episode, Adam Coleman hosts Sarah Cuddy, a Certified Financial Planner with Robert W Baird. We delve into crucial considerations for potential and existing homeowners, such as determining how much house one can afford, understanding housing ratios, and the importance of budgeting for maintenance, renovations, and unforeseen expenses. Sarah shares valuable insights on the difference between what financial planners recommend versus what lenders might approve, emphasizing the critical nature of making informed decisions based on one's budget and long-term financial plan. The conversation also touches on considerations for both first-time buyers and those looking into second homes, including down payment strategies. Additionally, Adam and Sarah explore the dilemmas of buying versus renting and offer advice on when refinancing might make sense. The episode encapsulates the value of working with financial and mortgage experts to navigate the complexities of home buying and maintaining financial health.

For more information on Sarah, check out her website: https://www.sarahcuddy.com/



00:00 Welcome and Introduction to Home Buying Insights

01:01 Understanding Housing Ratios and Financial Planning

05:58 Navigating Renovation Costs and Maintenance Planning

10:19 Factoring in Additional Homeownership Costs

13:26 Strategizing Down Payments and Financial Planning

17:01 Determining Affordability and Financial Planning for Home Buying

20:02 To Buy or Rent? Making the Right Decision

23:37 Refinancing: When and Why?

27:04 Closing Thoughts and Expert Advice on Home Buying


Follow Me for more tips on all things Personal Finance:https://adamcolemanmortgage.com/

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https://www.linkedin.com/in/adamcoleman37

https://www.youtube.com/@adam.coleman.finance



Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.