In this episode, Paul dives into exploring the financial realities of mortgage payoff. Is paying off your mortgage early always the smartest move? Paul examines financial trade-offs, opportunity costs, and strategies to help you make informed decisions about your financial goals. This episode offers a fresh perspective on financial freedom. Check out these mortgage-related episodes from the channel: PODCAST EPISODE …
PODCAST EPISODE 305 – How much does it take to Retire the 4% rule
In episode 305 of More than Commas, Host Elijah Fowler explores the crucial question of retirement funding through the lens of the 4% Rule. This popular guideline suggests retirees can withdraw 4% of their savings annually without depleting their funds over 30 years. Elijah discusses key factors influencing this rule, including market fluctuations, inflation, and personal expenses, emphasizing that …
PODCAST EPISODE 304 – The difference between 401(k)s and IRAs
In this episode of More than Commas, we explore the essential differences between 401(k)s and IRAs—two vital tools for retirement savings. Join Host Cory Shepherd as we break down their unique features, including employer sponsorship, contribution limits, investment choices, tax advantages, and withdrawal rules. Discover which option might be best for your financial situation and learn how to maximize …
PODCAST EPISODE 303 – Traditional vs ROTH 401k
In Episode 303 of More than Commas, Elijah Fowler talks about the differences between traditional 401(k) and Roth 401(k) retirement plans. He explains that traditional 401(k) contributions are made with pre-tax dollars, providing immediate tax benefits, while Roth 401(k) contributions are made with after-tax dollars, allowing for tax-free withdrawals in retirement. The episode also covers employer matching contributions, withdrawal …
PODCAST EPISODE 302 – Backdoor Roth
In episode 302 of More Than Commas, Host Paul Adams discusses the Backdoor Roth IRA, a strategy designed for high-income earners who exceed the income limits for direct contributions to a Roth IRA. Listeners will learn how to navigate these limits and create a more tax-efficient retirement strategy. Check out the Backdoor ROTH material here: https://sfgway.com/backdoor-roth-summary/ __________ Join Sound …
PODCAST EPISODE 301 – Roth IRA vs. Traditional IRA
In this episode of More than Commas, host Paul Adams unpacks the crucial differences between Roth IRAs and Traditional IRAs, two popular retirement accounts. Discover how taxes, contribution limits, and withdrawal rules impact your financial future. Paul explains the tax benefits of each account, eligibility requirements, and the implications of Required Minimum Distributions (RMDs). Whether you’re seeking immediate tax relief …
PODCAST EPISODE 300 – Introducing More Than Commas
In this episode of More than Commas, host Paul Adams unveils the exciting rebranding of the podcast, formerly known as Sound Financial Group Podcast. With the new tagline “Your wealth is more than commas,” Paul explains the motivation behind this change, emphasizing that true wealth encompasses more than just financial figures. Listeners can expect a broader conversation about living a …
PODCAST EPISODE 299 – Dave Ramsey can bankrupt you with this advice
WHAT WAS COVERED 0:12 – Episode starts. Misinformation on safe withdrawal rates of retirement assets. 4:20 – Retirement income strategies and portfolio management. 10:00 – Is a 10% withdrawal rate safe for your portfolio? 13:29 – Retirement distribution rates and portfolio sustainability. 19:34 – The one thing Paul agrees on with Dave Ramsey. 23:34 – Seek help, and listen …
PODCAST EPISODE 298 – Maximizing Your Retirement Income with Whole Life Insurance
WHAT WAS COVERED 0:12 – Episode starts. Life insurance death benefits while still alive. 2:45 – Using whole life insurance for efficient retirement planning. 8:30 – Whole life insurance growth rate. 13:46 – Using life insurance death benefit for retirement planning. 19:41 – Retirement planning and life insurance. 25:04 – Using whole life insurance for investment and tax planning. …
PODCAST EPISODE 297 – How Much Life Insurance Should You Own?
WHAT WAS COVERED 0:12 – Episode starts. Life insurance sales strategies and their limitations. 4:44 – Retirement planning and life insurance. 11:39 – Life insurance costs and benefits. 18:01 – Term insurance and its impact on retirement savings. 24;07 – Life insurance and its importance. LINKS #217: Is the 4% Rule in Retirement Dead? Tips on 529 Plans: https://youtu.be/2bPO5UfzyX4?si=Xz0nwl8G9aD_jtBj …