Keep it Simple

Tune in to 'Keep It Simple' with host Adam Morris and Joey Badinger from Asset Builder to discuss strategies for building good habits while eliminating bad ones. They delve into methods inspired by 'The Soul of Wealth' by Daniel Crosby and share practical advice for achieving financial and personal goals using the SMART and EAST models. Highlights include discussions on financial planning, fitness, mental health, and the importance of intentionality in achieving long-term success.   [00:00] Introduction and Podcast Purpose [01:39] The Concept of Make Good Easy, Make Bad Hard [12:50] SMART Goals and the EAST Framework [23:54] The Importance of Intentionality and Discipline [16:25] Real-Life Examples and Applications [24:49] Impacts of Good Habits on Health and Finances [38:32] Mental Health Benefits and Therapy [42:45] Final Thoughts and Encouragement   👉 Connect with Team at Asset Builder: https://assetbuilder.com/.  

In this episode of 'Keep It Simple,' host Adam Morris, Janet Griffith and the team at Asset Builder, including special guest Director of Operations, Hannah Vickery, delve into the intersection of marriage and finance. They share personal experiences, advice, and techniques to help couples manage their finances effectively and reduce stress. Topics include the importance of open communication, different budgeting methods, the role of premarital counseling, and strategies to handle financial disagreements. The episode underscores the importance of being on the same financial team with your spouse to achieve shared goals while navigating life's unexpected challenges.   [00:34] Marriage and Finance: Today's Topic [16:08] Combining Finances: Joint Accountability [23:57] Handling Financial Stress and Goals [31:18] Implementing Personal Budgets: The Burn Pile Method [37:14] Choosing the Right Partner for Financial Harmony [39:28] Common Financial Disagreements and Resolutions [42:44] Planning for Retirement and Reducing Expenses [53:10] The Importance of Open Communication in Budgeting [54:05] Best and Worst Aspects of Working in Financial Services [56:43] Final Thoughts and Encouragement for Young Investors   👉 Connect with Team at Asset Builder: https://assetbuilder.com/.

Tune in to 'Keep It Simple' with host Adam Morris, Janet Griffith, and Joey Badinger from Asset Builder to explore the intricacies and advantages of Roth conversions today!   The discussion covers the fundamentals of what a Roth conversion is, the benefits, including tax optimization and managing required minimum distributions (RMDs), and its strategic advantages in certain market conditions. The team also challenges common myths about Roth conversions and emphasizes the importance of planning and asset location. They provide actionable insights for both novice and experienced investors, underscoring the significance of financial planning in securing a tax-efficient future.   01:07 Demystifying Roth Conversions: What You Need to Know 03:45 Roth IRA Basics: Understanding the Fundamentals 09:13 The Advantages of Roth Conversions for Future Planning 11:59 Inherited IRAs and the Impact of Recent Legislation 16:57 Maximizing Lifetime Wealth Through Strategic Tax Planning 18:32 Leveraging Roth Conversions in a Down Market 22:54 Exploring Asset Location in Investment Strategies 27:03 Debunking Myths Around Roth Conversions 29:17 Optimizing Roth Conversions for Different Tax Brackets 36:02 Strategic Planning: Roth Accounts and Estate Planning 40:22 Investment Wisdom and Financial Literacy Evolution   👉 Connect with Team at Asset Builder: https://assetbuilder.com/.    

In this episode of 'Keep It Simple,' the team discusses strategies for tax planning in anticipation of the expiring provisions of the Tax Cuts and Jobs Act of 2017, set to phase out by the end of 2025.   Joined by advisors Adam Morris, Janet Griffith, and Joey Badinger, they explore potential changes in tax rates, deductions, and credits, emphasizing the need for individuals and businesses to plan ahead. The discussion extends to the implications for estate and gift taxes, and the episode offers insights into making strategic decisions to optimize tax positions. The advisors remind listeners that while they are not tax professionals, their insights aim to prompt thoughtful consideration and consultation with tax experts.   Key topics include maximizing tax brackets, leveraging charitable donations, understanding the shifting landscape of deductions, and the importance of early planning for estate taxes.   00:34 Special Topic: Tax Planning for the Tax Cuts and Jobs Act of 2017 01:09 Understanding the Sunset of Tax Provisions 04:08 Strategies for Tax Optimization Before 2026 12:25 Estate and Gift Taxation Changes 14:11 Long-Term Tax Planning Strategies 23:31 Utilizing Capital Gains and Loss Harvesting 26:35 Conclusion and Next Steps