A Better Way Financial Podcast

It’s estimated that more than half of parents with adult children have given them financial help in the past year. For a third of those parents, it ended up hurting their own finances, including their retirement savings.

On this episode, Frank and Frankie Guida (Father-son team of financial advisors) discuss the delicate balance between helping family and protecting your future. Listen to their ideas on balancing family needs with your financial goals, plus strategies to help maximize your retirement savings.

Connect with the team at A Better Way Financial  to start building a plan for yourself and your loved ones.

CLICK HERE to register for one of our upcoming Tax-Smart Retirement Planning Dinner Workshops.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

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With nearly 11,000 baby boomers retiring daily, the landscape for small businesses and personal finances is shifting.

On this episode, Frankie Guida speaks from personal perspective, as he works with his father at A Better Way Financial with the plan to take over the family business himself one day.

However, many Boomers who own businesses are struggling to figure out what to do with their companies when their children do not want to take over.

Frankie shares ideas on succession planning for family-owned businesses, especially when retirement funds are tied to the sale of the business, plus strategies to minimize taxes on business sales and effectively manage the transition to retirement.

Ready to sell your small business? Connect with the team at A Better Way Financial  to begin your retirement transition plan today.

CLICK HERE to register for one of our upcoming Tax-Smart Retirement Planning Dinner Workshops.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

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There are 100,000 pages in the tax code, and it’s up to you to figure out the best moves while staying within the law! But tax woes don’t end when you get to retirement. In fact, without a proper tax plan, taxes can be a major drain on your savings.

On this episode, Certified Financial Planner Frankie Guida shares strategies you may be able to utilize in effort to reduce your taxes in retirement.

Learn about the hidden tax traps that may be lurking in your plan, how to leverage tax-advantaged accounts like Roth IRAs and 401(k)s, and strategies to help reduce your taxable income in retirement.

Visit A Better Way Financial.com and get to work on creating a tax efficient retirement plan.

CLICK HERE to register for one of our upcoming Tax-Smart Retirement Planning Dinner Workshops.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

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As the Government works to reduce ‘junk fees’ for college students hidden in their tuition costs, at A Better Way Financial they work daily to uncover the fees often hidden in retirement accounts.

On this episode, Frank and Frankie point out the common fees that may be silently eroding your retirement savings and why fee transparency matters. From reducing taxes to uncovering the true cost of your 401K, they share insight on how ignoring these areas could end up costing you thousands.

Learn ideas to improve your portfolio efficiency. Visit A Better Way Financial.com for your complementary portfolio x-ray.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

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How much is your 401(k) costing you? On this episode, Frank and Frankie, father-son duo of financial advisors and retirement planners, dive into the often-overlooked aspect of retirement planning: fees.

We hear from financial strategist Tony Robbins who does the math to exemplify the hundreds of thousands many Americans are losing from their accounts over their lifetime… and they don’t even know it.

At A Better Way Financial, they work to shed light on the significant impact that fees can have on your 401K and overall retirement savings and explain the importance of transparency that they have with each of their clients.

Find the fees that may be hiding in your account! Visit A Better Way Financial.com for your complementary Fee X-ray.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

Join Frank and Frankie as they kick off 2024 by discussing New Year's resolutions and, most importantly, how to make your financial goals a reality.

Learn the importance of planning for retirement and their belief on why improving your finances is an easier resolution to keep than one that focuses on getting fit and losing weight.  A simple phone call and gathering your financial statements can set you on the right path!

Explore strategies for maximizing Social Security benefits, optimizing investments, and significantly reducing fees. Uncover ways to save on taxes to ultimately provide more income in retirement.

If your New Year's resolution involves securing your financial future, visit A Better Way Financial.com and get started today.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

It’s been four years since Congress passed Secure 1.0 which allows companies to offer annuities within 401(k)s. Still, there have been few adopters despite research showing strong interest.

Frank and Frankie dive into the often-misunderstood world of annuities and their potential place in your retirement plan. They share insight on how a strategic switch in annuities could provide you extra income in retirement and how, at A Better Way Financial, they help clients optimize their retirement savings through tax planning like Roth conversions and distribution strategies.

If you're seeking ideas to maximize retirement income and reduce future taxes, visit A Better Way Financial.com and get started today.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

Frank and Frankie dive into the realm of Roth conversions and year-end tax strategies, sharing their personal experiences on how these types of efforts can benefit retirement plans.

Discover how converting your pre-tax accounts to after-tax Roth accounts could help transform your financial landscape. Whether you're approaching retirement or already reveling in it, this episode breaks down the opportunities and benefits of strategic tax planning.

Unwrap the gift of financial wisdom! Visit A Better Way Financial.com and begin your planning today.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

In this episode, Frank and Frankie address the recent controversial statement made by personal finance guru, Dave Ramsey, recommending that retirees can stay 100% invested in stocks and withdraw 8% annually, with no worries.

We address the flaws in this suggestion and urge caution against relying on high average returns without accounting for market volatility.

If you're navigating the complexities of retirement planning and want to understand the potential risks and rewards of various strategies, visit A Better Way Financial.com to begin your journey toward a well-informed retirement future.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

Retiring early can be alluring, but it comes with its unique set of challenges.

On this episode, Frank and Frankie explore the nuances of early retirement and why it requires meticulous planning and strategic financial decisions.

They point out challenges faced by those contemplating early retirement, from choosing the right pension option to making informed decisions about Social Security.

Breaking down essential elements like addressing inflation, optimizing Social Security benefits, managing investment risks, and optimizing portfolios for tax savings, they reveal how careful planning can make early retirement not just a dream, but a reality.

If you're intrigued by the idea of retiring early, visit A Better Way Financial.com to start your plan!

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

Recently, The Wall Street Journal echoed what many have been feeling: the 60-40 portfolio mix is failing, not just because of the "riskier" stocks…but because bonds have taken serious hits in the last few years.

In this episode, Frank and Frankie challenge traditional financial wisdom and delve into the pitfalls of “old financial rules.” There are many different investment blend opportunities available to retirees and pre-retirees. Alternatives like fixed indexed annuities may offer more stability. Combined with savvy tax strategies, you could potentially increase your annual retirement income by thousands.

If you're seeking help in navigating market uncertainties, minimizing taxes, while creating viable retirement income streams, visit A Better Way Financial.com to begin tailoring your financial future.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

New inflation numbers came in lower than expected. October's Consumer Price Index was 3.2%, down from September’s 3.7% and the core CPI (which excludes food and energy prices) dropped one-tenth to 4.0%. Still, the numbers are higher than the Fed’s goal of 2%. And even though it recently passed on raising interest rates again, the Fed vows to continue its fight.

On this episode Frank and Frankie Guida delve into the impact of inflation on not just your holiday budget, but your retirement portfolio for all Thanksgivings still to come.

We hear from Shark Tank's Kevin O'Leary who says where he thinks the Fed may go, sparking a conversation on the crucial necessity to incorporate inflation into your financial plan.

Learn how proper planning, with things like lower risk investments, may help ensure your income not only meets today's needs but grows with you over time.

Visit A Better Way Financial.com to start your journey to a better financial future.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

On this episode of A Better Way Financial, we discuss the lessons you can learn from Gen Z. Often underestimated, this group of young workers is already excelling in retirement savings, reiterating the importance of longevity planning.

Frank and Frankie also discuss other misconceptions around retirement expenses, revealing how taxes usually top the list, and the common mistake of miscalculating the true impact of inflation.

Connect with the team at A Better Way Financial.com to learn more about tax saving strategies, maximizing Social Security benefits and other important, actionable steps to take towards a better financial future.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

It’s time to start taking your RMDs (Required Minimum Distributions) but you don’t need the money…In this episode, Frank and Frankie Guida explore the strategies you may be able to utilize.

Charitable giving through QCDs (Qualified Charitable Distributions), Roth conversions, or using the funds for long term care may all be options within your plan.

Additionally, Frank and Frankie stress the significance of optimizing your entire financial plan, including lowering risk, reducing costs, and planning for taxes all to help enhance your retirement experience.

Connect with the team at  A Better Way Financial.com to learn more about these strategies.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

Recent history has shown that markets have a track record of mostly absorbing geopolitical conflicts. But there could be another impact when it comes to interest rates.

In this episode, Frank and Frankie dive into the financial implications of these kinds of events, bond market turbulence, and tax planning for the upcoming year emphasizing the importance of balancing added safety and reasonable returns in your investment portfolio, especially if you're a retiree or close to retirement.

They discuss how rising interest rates have impacted the bond market and why bonds may not be your best option anymore while revealing possible alternative investment strategies.

In retirement, you need a proactive planner who can help you navigate changing tax laws and market conditions. Connect with the team at A Better Way Financial.com for a second opinion on your plan.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

You may have a financial advisor whom you love…but are you getting the service you need for retirement?

In this episode, Frank and Frankie share their experience in handling the delicate conversations involved with financial and retirement planning, and why you may need a second opinion on your retirement plan.

Many individuals work with financial advisors during their accumulation years, but as retirement approaches, the financial landscape changes significantly. Decisions around Social Security, pension options, income strategies and tax and legacy planning become critical, and not all advisors are equipped to handle these unique challenges that retirement brings.

A retirement-focused advisor can help navigate this very different financial terrain to show you what options you may have. If you're approaching retirement, connect with the team at A Better Way Financial.com for a second opinion on your plan.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

See omnystudio.com/listener for privacy information.

There’s speculation that Alabama’s head football coach, Nick Saban, may be thinking about retiring. But no matter what your occupation, knowing when to retire is a significant, and often challenging, decision. 

With 38 years of experience in his field, financial advisor and retirement planner, Frank Guida, understands the importance of working because you want to, not because you have to…

In this episode, Frank and his son and fellow advisor, Frankie Guida, share insight on how they help clients prepare so that they’re ready when the time comes to leave the 9 to 5 behind.

Breaking down critical elements of retirement planning (creating a financial plan, managing your funds, tax planning, Social Security, and investment strategies) the team at A Better Way Financial knows that a successful retirement starts with having a gameplan in place.

Don't wait. Go to A Better Way Financial.com and get started creating a plan customized to your retirement goals.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

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The stock market can be a great place to grow your wealth, but it comes with volatility and a big market crash could wipe out a significant portion of your retirement savings.

Meanwhile, the threat of future tax hikes could have a big effect on your tax-deferred IRA and 401(k).

In this episode, Frank and Frankie delve into the downsides of relying solely on your 401(k) while exploring options you may have to your financial outlook. Learn how in-service distributions and Roth conversions might be game changers as you approach retirement.

If you're looking to maximize your retirement savings, and minimize taxes, within a personalized financial and retirement plan, visit A Better Way Financial.com to get started.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

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Americans are retiring earlier than they had expected. On average, they initially thought they’d retire at age 63, but instead have left the workforce at 61 and a half. 

While it should be a time to relax and enjoy the fruits of your labor, if you're not careful you could run out of money.

In this episode, Frank and Frankie share ideas on how to retire early without running out of money.

They discuss a variety of topics, including:

• Choosing the right pension option for you
• When to start taking Social Security
• Planning for taxes in retirement
• Monitoring your plan to keep it on track

Thinking about retiring early? Visit A Better Way Financial.com to start building your plan.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

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Ten years ago, 60 Minutes interviewed financial planner Brooks Hamilton who raised concerns about the quality of mutual funds in 401(k) plans. Recently the clip has seen new life online with many asking, “Have things improved since then?”

In this episode, Frank and Frankie break down some key changes in 401(k) plans, including the rise of Roth 401(k) options and their potential benefits for tax-free retirement income. They emphasize the significance of employer matches and discuss strategies for minimizing taxes on your retirement savings.

Learn about the advantages of in-service distributions once you reach age 59½ and how doing them might expand your investment options. Learn about the pitfalls of certain target retirement funds and explore alternatives for a balanced portfolio.

If you're looking to boost your retirement savings, minimize taxes, and secure your financial future, visit A Better Way Financial.com to start the conversation about your retirement plan today.

Read our book! Amazon Best Seller, “The Book on Retirement: A Better Way to Stretch Your Retirement Dollars While Living the Lifestyle of Your Dreams.”

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