227 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
    • 4.8 • 4 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!

    Tax Mistakes to AVOID in 2024 (Part 1)

    Tax Mistakes to AVOID in 2024 (Part 1)

    It’s that time of year! With tax season right around the corner, it’s the perfect time to dive into some tax tips on the podcast. Tune into this two-part series where we dive into a fidelity article titled “8 Tax Pitfalls to Avoid,” and get Phil’s thoughts as a CPA.
     
    Here’s some of what we discuss in this episode:
    0:00 – Intro
    1:43 – Missing investment income
    3:30 – Selling too soon
    5:33 – Poor record-keeping
    7:56 – Forgetting losses
     
    Fidelity Article:
    https://www.fidelity.com/learning-center/personal-finance/tax-pitfalls?ccsource=email_monthly&mbox3rdPartyId=&mboxConvType=VPEmailClick&mboxCID=VM0224&pixelType=vpm&sfip=&sfCampaignId=16797&sfCellCode=169
     
    For more, visit us online: http://philstaxhacks.com
    Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts

    • 13 min
    Finance Fortress: Practical Strategies for Retirees Against Scams & Fraud

    Finance Fortress: Practical Strategies for Retirees Against Scams & Fraud

    Just like any other threat, learning to recognize and avoid scams has become crucial for today's retirees. Join us as we discuss essential steps you can take to protect yourself against the increasing prevalence of scams and identity theft. Phil will offer real-life stories and practical advice to help you keep your finances safe in today’s digital age.
     
    Here’s some of what we discuss in this episode:
    1:35 – Real stories of financial scams
    5:43 – Phishing, vishing, and smishing
    8:20 – Examples of different scams
    11:54 – Recognizing the signs of a scam
    15:19 – Protections you can put in place to avoid being a victim of a scam
     
    Resources for this episode:
    CNBC article:
    https://www.cnbc.com/2023/10/08/how-one-retired-woman-lost-her-life-savings-in-a-common-elder-fraud-scheme.html
    Thomson Reuters article:
    https://www.thomsonreuters.com/en-us/posts/investigation-fraud-and-risk/senior-citizens-financial-scams/
     
    For more, visit us online: http://philstaxhacks.com
    Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts
     

    • 23 min
    Understanding Annuities: The Good, Bad & Ugly

    Understanding Annuities: The Good, Bad & Ugly

    You’ve probably heard some mixed opinions on annuities in your lifetime. But before you get swayed one way or another, it’s important to understand what exactly an annuity is and how they work. Listen in as Phil breaks down the difference between immediate and deferred annuities and offers insights into their benefits and drawbacks.
     
    Here’s some of what we discuss in this episode:
    1:08 – What is an annuity?
    10:04 – When might an annuity be appropriate?
    13:20 – The misunderstood features of annuities
    18:31 – Working with a fiduciary that has your best interest in mind
     
    For more, visit us online: http://philstaxhacks.com
    Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts
     

    • 21 min
    The Retiree Dilemma: To Sell Or To Rent?

    The Retiree Dilemma: To Sell Or To Rent?

    Many retirees find themselves at a crossroads when deciding what to do with their existing property as they move into their dream home. Would it be best to sell, or should you consider becoming a landlord? Drawing from personal experiences and real client scenarios, Phil and Marc will explore the pros and cons of turning a home into a rental property in this episode.
     
    Here’s some of what we discuss in this episode:
    1:50 – Pros and cons of renting out a property in retirement
    4:39 – Managing rental properties and dealing with tenants
    9:41 – Understanding the potential downsides of rental properties
    11:55 – What’s the right option for you?
     
    For more, visit us online: http://philstaxhacks.com
    Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts
     

    • 16 min
    Retirement Planning Fear, Procrastination, and Indecision

    Retirement Planning Fear, Procrastination, and Indecision

    Navigating financial decisions, especially as retirement approaches, can be a challenging terrain for many investors. Whether it's the anxiety around making the right choices or grappling with an overload of information, it can be tempting to push off important retirement planning conversations. It's a familiar scenario – putting things off to "next week," only to find that "next week" turns into a long period of indecision.
     
    Here’s some of what we discuss in this episode:
    1:31 – Struggling with paralysis analysis
    2:58 – Procrastinating
    4:40 – Information overload
    7:32 – Is there a better option for you?
    8:59 – Phil’s new book, “The Retirement Trifecta”
     
    For more, visit us online: http://philstaxhacks.com
    Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts
     

    • 11 min
    Retirement Planning Is Harder Than It Used To Be (Part 2)

    Retirement Planning Is Harder Than It Used To Be (Part 2)

    Every generation likes to talk about how much harder things used to be when they were kids. Like all of the people who used to have to walk five miles to school, in the snow, uphill both ways. But they had at least one thing that was EASIER…and that was retirement planning.
     
    Here’s some of what we discuss in part 2:
    1:25 – Lower healthcare costs
    5:31 – Fewer sandwich generation challenges
    7:36 – Shorter life expectancies
    9:41 – More contributors to Social Security
    17:48 – Easier to achieve financial literacy
     
    For more, visit us online: http://philstaxhacks.com
    Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts

    • 23 min

Customer Reviews

4.8 out of 5
4 Ratings

4 Ratings

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