137 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

    • Business
    • 4.5 • 2 Ratings

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 136: Are These Retirement Statistics Encouraging or Discouraging?

    Ep 136: Are These Retirement Statistics Encouraging or Discouraging?

    We are breaking down some retirement statistics on today’s episode. Are these numbers encouraging or discouraging?

     

    Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA

     

    Key points: 

    1:29 – Women have less saved than men

    7:00 - You need $1.04 million to retire

    9:29 – 55% of workers plan to continue to work

    10:47 - 25% of Americans increased their savings

    13:46 – 70 million people are taking Social Security

     

    Read more and get additional financial resources here: http://philstaxhacks.com 

    • 19 min
    Ep 135: The Secret to Retirement Success

    Ep 135: The Secret to Retirement Success

    So, what really is the secret to retirement success? While it may be harsh, the reality is we are often our own worst enemy when it comes to planning. On today’s episode, we are going to discuss how we, as investors, can get out of our own way in order to have a successful retirement.

     

    Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA

     

    Key points: 

    1:09 – We aren’t being harsh

    3:44 – Fear and greed

    6:40 – Investing for taxes

    9:55 – Too much cash

    14:03 – Not doing anything

     

    Read more and get additional financial resources here: http://philstaxhacks.com 

    • 23 min
    Ep 134: Countdown to Retirement

    Ep 134: Countdown to Retirement

    As you count down to the days of retirement there are some important things, you’ll want to cross off your to-do list. On today’s episode, we’re going to break down some of the things you’ll want to get done before this next chapter of life.

     

    Watch the video podcast: https://www.youtube.com/channel/UCGS8K5-iPEy6b7fu4pLNLtA

     

    Key points: 

    0:38 – Counting down the days

    1:28 – Getting healthy and staying healthy

    4:07 – What are you going to do?

    9:36 – Catch up and save more

    10:31 – Paying off debt

    15:04 – Look at the risk

    16:39 – Working with an advisor

    21:07 – Finding the right person

     

    Read more and get additional financial resources here: http://philstaxhacks.com 

    • 23 min
    Ep 133: Can I Retire at 55?

    Ep 133: Can I Retire at 55?

    It’s a question more and more people are asking, especially as the workplace continues to change following the pandemic. But are you in a position to step away from a consistent paycheck at age 55? Phil will provide a great look at the reality of early retirement in today’s environment and apply some real-world examples to the discussion.  

     

    Watch the video podcast: https://youtu.be/cuahFzcAFlw 

     

    Key points: 

    1:09 – Background on this topic

    3:20 – How many clients want this?

    4:05 – Immediate challenges

    5:14 – Retiring at 65

    7:48 – Retirement lifestyle

    9:06 – Running the math

    11:38 – Challenges in this environment

    13:18 – Mailbag question on retiring early

    15:08 – Mailbag question with another scenario

    16:36 – Bear market coming?

    17:46 – Conversation with your advisor

    19:43 – Mailbag question about paying house off

     

    Read more and get additional financial resources here: http://philstaxhacks.com 

    • 26 min
    Ep 132: Reasons You SHOULD Get Life Insurance

    Ep 132: Reasons You SHOULD Get Life Insurance

    The idea of a podcast on life insurance might not sound like the most exciting topic, but we’re going to put a positive spin on it today and tell you why you should get it. Or at the least, consider adding it to your portfolio. Life insurance can serve many different purposes for financial needs and we’ll share a few you might not have thought of on this episode.

     

    Watch the video podcast: https://youtu.be/dEGFLe0qJFU 

     

    Read more and get additional financial resources here: http://philstaxhacks.com 

     

    Today's Key Points: 

    0:58 – Income Replacement

    3:55 – Estate Liquidity

    5:11 – Transferring family wealth

    7:28 – Business succession

    9:01 – Tax-free benefits

    12:39 – Long-term care coverage

    14:23 – Using all the tools at your disposal

    • 18 min
    Ep 131: The Most Important Retirement Birthdays

    Ep 131: The Most Important Retirement Birthdays

    Birthdays might not be as exciting as they once were, but they are still important. On today’s episode, we are going to break down some retirement birthday milestones you need to be aware of when planning for the future.

     

    TIMESTAMPS: 

    0:23 – Wonky weather!

    1:21 – Age 50

    3:42 – Age 55

    5:47 – Age 59 ½

    6:50 – Age 62

    9:06 – Age 65

    12:44 – Age 66 or 67

    14:42 – Age 70

    15:49 – Age 72

     

    ADDITIONAL INFORMATION: https://philstaxhacks.com/

    • 22 min

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