Ask HTM - Overblown Tax Deductions, 4% Rule, and Ditching a Financial Advisor #823

How to Money

iHeartPodcasts

Investing, Education, Business

4.6 • 3.2K Ratings

🗓️ 6 May 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!

1 - Should I cut ties with my financial advisor and how should I go about doing that?

2 - Does the 4% Rule still apply as my portfolio allocation shifts towards less aggressive investments?

3 - Is the mortgage tax deduction worth claiming?

4 - A financial goldilocks dilemma: am I investing too much, too little, or just the right amount?

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

During this episode we enjoyed a Memory Farm by Inner Voice! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

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Transcript

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0:00.0	Hey Girlfriends, it's me Carol Fisher back with another season of the global number one
0:05.7	podcast the Girlfriends. Last time we investigated the murder of Gail Katz. This time
0:12.0	we're uncovering the identity of the woman who was buried in
0:15.2	Gail's grave for a decade before she disappeared.
0:18.6	Join me and the rest of the club as we tell her story.
0:22.0	Listen to season two of the girlfriends,
0:24.2	our lost sister on the I Heart Radio app,
0:26.9	Apple Podcasts, or wherever you get your podcast.
0:30.4	It's brand new, season two. I'm Marissa Thalberg and I'm Stephen Wolfedadam and we're excited to be back having bigger, bolder and always real conversations.
0:39.0	Straight from the C-suite front lines of marketing, media, and more.
0:42.0	We have great friends joining from people you may know,
0:44.4	like Vober Valdorama and Bobby Burke.
0:46.7	And people you'll want to know.
0:48.4	So grab a coffee or hey, even an April spritz
0:51.0	and come join us on America's number one podcast network, I Heart.
0:54.6	Listen to brand new on the I Heart radio app, Apple Podcasts, or wherever you get your
0:59.2	podcasts. Something that makes me crazy is when people say, well, I had this career before, but it was a waste.
1:05.0	And that's where the perspective shift comes, that it's not a waste that everything you've done has built you to where you are now. This is She Pivots. The podcast where we explore
1:16.8	the inspiring Pivots women have made and dig deeper into the personal reasons behind them.
1:21.4	Join me Emily Tish-Sussman, every Wednesday on She Pivots.
1:25.0	Listen to She-Pivots on the I-Heart Radio app, Apple Podcasts, or wherever you get your podcasts.
1:30.0	Welcome to How-Money, I'm Joel.
	...

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