83 episodes

Financial, tax and retirement planning guidance from Phil Putney. Each week Phil will talk about the keys to building a sound financial strategy that can survive throughout the ups and downs of the market. We'll have plenty of tax hacks along the way and other retirement facts!

Phil's Tax Hacks Phil Putney

    • Investing
    • 4.0 • 1 Rating

Financial, tax and retirement planning guidance from Phil Putney. Each week Phil will talk about the keys to building a sound financial strategy that can survive throughout the ups and downs of the market. We'll have plenty of tax hacks along the way and other retirement facts!

    Ep 82: How Long Would A Million Bucks Last in Retirement?

    Ep 82: How Long Would A Million Bucks Last in Retirement?

    If you had $1 million saved for retirement, how long could you live off of that? A lot of it depends on where you live. Let’s check out some possibilities across the country on today’s podcast.
     
    Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-82-how-long-would-a-million-bucks-last-in-retirement/ 
     
    Watch the video podcast: https://youtu.be/DjjU0NJ9j5w 
     
    What we discuss on this episode: 
    0:58 - How long a million bucks last?
    2:52 - San Francisco and parts of California are costly places to retire.
    4:13 - What about big cities like LA, Seattle, Boston, DC, and San Diego?
    5:20 - Do you like Portland, Denver, or Miami?
    7:00 - Looking to stay closer to home, like in Minneapolis?
    8:25 - Louisville, Kansas City, and Omaha give you more bang for your buck.
    11:22 - How long should you plan for?

    • 18 min
    Ep 81: What Can We Learn From Will Rogers?

    Ep 81: What Can We Learn From Will Rogers?

    The quotes and quips from the past can shed a lot of light on the current situation when it comes to financial planning. Have you heard any of these before? How do they apply in your financial life?
     
    Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-81-what-can-we-learn-from-will-rogers/ 
     
    Watch the video podcast: https://youtu.be/t5C8cbly-ZU
     
    What we discuss on this episode: 
    1:03 - “There are three kinds of men…”
    3:12 - “The only difference between death and taxes is…”
    6:50 - “When you are satisfied, you are successful…” 
    8:51 - “I am more concerned with the return of my money than the return on my money.”
    10:53 - “It’s not what you pay a man, but what he costs you that counts.”

    • 15 min
    Ep 80: Are You Flirtin’ with Financial Disaster?

    Ep 80: Are You Flirtin’ with Financial Disaster?

    How do you know if you’re flirting with financial disaster? On today’s episode of the podcast, Phil goes over four big areas where things can really go awry if they are not properly handled when it comes to your finances.
     
    Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-80-are-you-flirtin-with-financial-disaster/ 
     
    Watch the video podcast: https://youtu.be/0oH7x8MSQqY 
     
    What we discuss on this episode: 
    1:28 - Outdated legal documents.
    5:14 - Incorrect beneficiary designations.
    9:14 - The tax time bomb.
    13:09 - Sticking with the classic 60/40 portfolio, even if it’s not a good fit.

    • 18 min
    Ep 79: When Crisis Meets Opportunity

    Ep 79: When Crisis Meets Opportunity

    When faced with financial challenges, do you view them as a crisis or an opportunity? Phil shares how your financial advisor can help you navigate them.
     
    Read more and get additional financial resources: https://philstaxhacks.com/podcast/ep-79-when-crisis-meets-opportunity/ 
     
    Watch the video podcast: https://www.youtube.com/watch?v=iwkKJtqOBhI
     
    What we discuss on this episode: 
    0:31 - Is Phil a half empty or half full kind of guy? 
    1:40 - How do you feel about empty nest syndrome?
    5:32 - Is there anything good about a market crash?
    7:48 - Long-term care could be in your future.
    10:50 - What happens if you get laid off?

    • 18 min
    Ep 78: March Madness and Retirement Planning

    Ep 78: March Madness and Retirement Planning

    March Madness is back! Have you filled out your brackets yet before the tournament starts? To have a little basketball-inspired fun today, we talk about the parallels between financial planning and March Madness.
     
    Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-78-march-madness-and-retirement-planning/ 
     
    Watch the video podcast: https://youtu.be/6r6rvsmsdrU 
     
    What we discuss on this episode: 
    1:28 - March Madness is upon us.
    1:45 - Getting an entire bracket correct is hard to predict.
    5:36 - Half the fun in sports is the upset--not true with retirement planning.  
    8:15 - You often want to root for the home team.  
    13:42 - Coaching is key.

    • 18 min
    Ep 77: Status of the American Pension

    Ep 77: Status of the American Pension

    While pensions used to be the standard retirement benefit offered by companies, that is becoming less and less common. On today’s episode of the podcast, Phil talks about what options you have with a pension, why you might still need to save for retirement outside of the pension, and what to look out for.
     
    Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-77-status-of-the-american-pension/ 
     
    Watch the video podcast: https://youtu.be/QxOntOo2jig 
     
    What we discuss on this episode: 
    0:48 - Michigan is known for still having a lot of pension plans.
    2:31 - There’s more pressure on self-saving for retirement.
    3:35 - If someone has a pension, do they have an advantage in retirement?
    6:01 - Should you take a lump sum or monthly payment?
    9:43 - How has COVID changed company loyalty?
    11:38 - How do you address inflation and taxes? 

    • 16 min

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