Personal Finance from the Hill-Top Kyle Hill, CFP®

EPISODE SUMMARY: In this episode, Kyle and Michael cover Annual Benefits Enrollment. Topics covered include: 401k/Roth 401k Plans, Employer-Sponsored Health Insurance, Health Savings Accounts, Long Term Disability Insurance, Life Insurance, and much more. 
Skip the Fluff Time Marker: 54:33
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RESOURCES:
LMFAO - “Sexy and I Know It”
Chris Stapleton - “White Horse”
Charlie Blackmon Walk up
401k Plan
Roth 401k Plan
Vesting Schedule
Preferred Provider Organization (PPO) Plan vs. High Deductible Health Plan (HDHP)
Health Savings Account (HSA) limits for 2023 and 2024
Lively HSA Provider
Long-Term Disability Insurance
Term Life Insurance
Episode #4 - Life Insurance w/ Andy Flattery

Michael Pyle - Challenge Everything Financial
Website,
LinkedIn,
Facebook,
X (Twitter)

Kyle Hill, CFP® - Hill-Top Financial Planning, LLC
Website,
LinkedIn,
Kansas City Financial Advisors Network (KCFAN)
XY Planning Network (XYPN),
NAPFA, 
FEE-ONLY Network, 
a...

In Episode 21, we're discussing questions about bitcoin with Andy Flattery, CFP® from Simple Wealth Planning.
Andy is a Kansas City-based bitcoin enthusiast and local expert on the topic that is very involved in the bitcoin community.
The rise over the last decade of bitcoin has created a lot of interest, but even more questions.
What is bitcoin?How does it work?Is it money or an investment? How do you value it? How do you secure it? What happens if you lose it?
These are all questions that have probably popped into your head at one time or another when thinking about bitcoin.
Being intrigued but still skeptical about bitcoin, Kyle sits down with Andy to ask his honest questions about bitcoin.
Before they dive into bitcoin, the Hill boys define money for you. Not bad for a 4 and 6-year-old!
To skip the fluff go to the 25:20 mark.
Bitcoin Resources:
Satoshi Nakamoto While Paper 
Who is Satoshi Nakamoto?
Nick Szabo
What is a Cypherpunk?
Merkle Tree
Blockchain
Satoshi Nakamoto = SAmsung, TOSHIba, NAKAmichi, and MOTOrola?
Halving Events
Block Reward
Bitcoin Mining 
Mt. Gox 
Brainwallet 
El Salvador goes to Bitcoin 
Value Investing 
Austrian School of Economics
The Bullish Case for Bitcoin by Vijay Boyapati 
Michael Saylor 
The Bitcoin Standard: A Decentralized Alternative to Central Banking by Saifedean...

In Episode 20, we're talking about where to stash some retirement cash with Don Martini, CFP®, CFA of Envision Financial Planning, a firm based in San Francisco, CA.
The Roth IRA is a great little investment vehicle for retirement savings because of the tax-free benefits. We dive into all the details of:
Contribution limits for 2021 & 2022Income Contribution Limits & PhaseoutsRequired Minimum Distributions (RMDs) and the tax impactsMinimizing FeesInvestment OptionsBackdoor Roth IRAsand where to open one
Per usual, before we dive in we enjoy some fluff with Don as he shares his world travel adventures, and what we wanted to be growing up.
To skip the fluff go to the 41:35 mark.
RESOURCES:
Full House house
The Rock (movie) 
Oracle Park
Cam Gallagher Catcher for the Kansas City Royals
RSUs (Restricted Stock Units)
Yellowstone (tv show)
Stranger Things (tv show)
Ozark (tv show)
Ted Lasso (tv show)
Yosemite National Park 
Mickey Mantle 
Machu Picchu
Don's Walk-up Song - “Song 2” by Blur  (confirmed after recording; great choice!)
Kyle Walk-up Song - “Forever Young” by Bob Dylan 
Episode # 17 “What Should you do with that old 401k?” w/ Ethan Hutcheson, AAMS®
What is a Roth IRA [Investopedia] 
Roth IRAs [IRS]
Individual Retirement Arrangements (IRAs) [IRS] 
a href="https://www.investopedia.com/roth-and-traditional-ira-contribution-limits-for-2021-5085118" rel="noopener...

On Episode #19 of Personal Finance from the Hill-Top, Kyle mentions a unique opportunity to be able to deduct up to $600 ($300 for Single) from your taxes in 2021, even if you're taking the Standard Deduction (Single $12,550/MFJ $25,100).
He is also joined by Stephanie Boyer, Chief Executive Officer of reStart, an organization that provides support to Kansas City's homeless population with a continuum of housing services. Stephanie discusses her background, homelessness in Kansas City, some of the major causes of homelessness, and how reStart is working to help end homelessness. As CEO of reStart, Stephanie shares their biggest challenge and identifies what she believes are three keys to ending homelessness.
If you would like to make a donation to reStart check out their website.
Resources:
$600 Tax Deduction for MFJ Standard Deduction,
Hillcrest Transitional Housing,
Kyle's Walk-up Song: Beers on Me by Dierks Bentley ft. Breland, and Hardy
reStart Inc.
Website,
Facebook,
Twitter,
LinkedIn,
Email,
YouTube
Podcast Guest:
Stephanie Boyer, CEO - reStart Inc.
Website,
LinkedIn,
Email

Podcast Host:
Kyle Hill, CFP® - Hill-Top Financial Planning, LLC
Website,
Email,
LinkedIn,
KCFAN (Kansas City Financial Advisors Network),
XY Planning Network (XYPN),
NAPFA,
FEE-ONLY Network, 
CFP Board

*This podcast uses sounds from freesound: Dry Transition by Electroviolence , Metal Door Slam Shut bya...

Ever wonder if you need a last will and testament (aka “a will”)? The answer is YES! 
A will is an integral part of a well-rounded estate plan that every adult needs, not just the rich and famous. 
"If you have kids under the age of 18, the guardianship in your will is 100% the most important part of your estate plan." - Jamie Weese of Weese Law Firm
In episode 18, we’re talking about the estate planning necessities for young adults. 
Kyle hops on the mic with estate planning attorneys, Jessica Kimbrell of Kimbrell Estate Planning and Jamie Weese of Weese Law Firm. They discuss what is: 
a last will and testamenta durable power of attorney a healthcare power of attorneyan advanced healthcare directive (or a living will) trusts
and how all of these are a part of a well-rounded, and well-planned Estate Plan. Every young adult needs an estate plan, especially if you have minor children or special needs children (which we touch on in the podcast).
“Advance Healthcare Directive and Living Will mean the same thing. How I describe this document is the ’Pull the Plug’ document” - Jessica Kimbrell of Kimbrell Estate Planning
Before they dive into everything estate planning for young adults, they discuss their favorite movies surrounding estate planning, their favorite Halloween candy - which no surprise Kyle’s is money related - and their favorite estate planning cases… and Kyle doesn’t like where Jessica’s is going. 
Don’t wait, check it out now so you’re prepared for when life happens. As Forrest Gump’s momma says, “Life is like a box of chocolates, you never know what you’re gonna get.”
To skip the fluff, go to the 50:28 mark. However, it's not advised!
Resources:
Law Abiding Citizen (2009)
PFFTHT Episode # 17 - "What should you do with that old 401k"
Parks and Rec - Ron Swanson makes a Will
Knives Out (2019)
The Last Blockbuster
Little Big League (1994)
PFFTHT Episode # 12 - What the hell is a CERTIFIED FINANCIAL PLANNER™ (CFP®)?"
Howard Hughes Estate Planning Debacle,
The Complete Guide to Wills, Estates & Trusts (Book)
The Nobel Peace Prize started via a will 
Terri Schiavo case 
a href="https://www.cdc.gov/training/ACP/page42985.html" rel="noopener noreferrer"...

Have an old 401k from a previous employer? Wondering what to do with it?
In episode 17, we're discussing what your options are for your old 401k.
Kyle hops on the mic with Financial Advisor, Ethan Hutcheson, AAMS® of Metcalf Partners Wealth Management and they discuss:
What exactly is a 401kWhat are your options when you change employersThe pros and cons of those optionsUnique situations to considerTheir typical preferences for old 401k accounts
There are important things to consider like taxes and your income when deciding what to do with that old 401k (or 403b, or TSP).
Before they dive into the topic, they discuss their favorite memories from K-State (pretty epic), good books you should check out, sports they wish they would have tried (apparently there are only two places in the U.S. where Kyle can try it out), and.... poop. Yep, we said it, poop.
Don't flench because you don't want to miss this!
To skip the fluff, go to the 30:30 mark. However, it's not advised! 
 
Resources:
Backdoor Roth IRA and the Aggregation Rule,
IRA & Roth IRA Limits 2021,
WellnessForTheWin,
WellnessForTheWin Instagram,
The Bitcoin Standard (book),
Fortitude: American Resilience in the Era of Outrage by Dan Crenshaw (book),
Apocalypse Never: Why Environmental Alarmism Hurst Us All by Michael Shellenberger (book),
Josh Hutcherson,
The Reformed Financial Advisor Podcast - "How Should Patrick Mahomes Invest His $503 Million Contract?",
Glenn Gronkowski,
Where can you bobsled in the US?,
Episode #10 - "What the hell is a Financial Planner?",
Unemployment Rate & Statistics (Aug. 2021),
a...