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Avoiding Hidden Retirement Planning Pitfalls in Your Forties

In this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner and founder of Palm Valley Wealth Management, discusses common mistakes high income earners in their forties make while planning for retirement. Kelly provides a step-by-step guide on estimating your retirement needs using simple rule-of-thumb math. He emphasizes the importance of considering not just regular expenses but also large, one-off expenditures like travel, homes, and weddings. The episode also highlights the advantages of working with a financial advisor to identify and plan for potential blind spots, ensuring a well-rounded and achievable retirement strategy. By understanding trade-offs and making intentional decisions, listeners can better align their retirement plans with their values and goals.

00:00 Welcome to The Retire Early Retire Now Podcast
00:27 The Biggest Mistake High Income Earners Make
02:01 Estimating Your Retirement Number
05:11 Beyond the Numbers: Planning for Life's Complexities
07:31 The Importance of Accounting for Big Ticket Items
10:36 Making Intentional Financial Decisions
14:26 How Palm Valley Wealth Management Can Help
15:50 Conclusion and Final Thoughts

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PalmValleywm.com

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Five Essential Habits for High-Income Earners: Maximize Your Financial Success

In this episode of the Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner and owner of Palm Valley Wealth Management, discusses five critical habits that high-income earners should adopt to achieve financial freedom and reduce stress. He emphasizes leveraging income to accelerate savings, making intentional lifestyle decisions, maintaining strong financial communication with a spouse, minimizing consumer debt, and surrounding oneself with financial experts. Current tax legislation and its implications are also briefly touched upon. Hunter provides actionable insights on automating savings, budgeting effectively, and building a solid financial plan to enable early retirement and financial independence.

00:00 Introduction to Financial Freedom

01:31 Current Events: Tax Bill Updates

02:51 Habit 1: Leveraging Income for Savings

07:54 Habit 2: Intentional Lifestyle Decisions

11:10 Habit 3: Communication with Spouse

14:14 Habit 4: Minimizing Consumer Debt

16:39 Habit 5: Surrounding Yourself with Experts

18:32 Conclusion and Final Thoughts

Check out the Palm Valley Wealth Management Website
PalmValleywm.com

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Midyear Financial Checkup: 5 Essential Steps to Stay on Track

In this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner and founder of Palm Valley Wealth Management, emphasizes the importance of a midyear financial checkup. He outlines five essential checklist items: 1) reviewing goals and progress, 2) checking cash flow and budgeting, 3) evaluating tax strategies, 4) rebalancing your portfolio, and 5) maximizing retirement contributions. Kelly provides detailed insights and actionable advice for high-income earners to ensure they remain on track to achieve their financial goals. He encourages listeners to reassess and adjust their financial plans to avoid costly mistakes and optimize their financial health.

00:00 Welcome to The Retire Early Retire Now Podcast
00:18 The Importance of a Midyear Financial Checkup
01:21 Review Your Goals and Progress
04:38 Check Your Cashflow and Budget
08:36 Evaluate Your Tax Strategies
11:05 Rebalance Your Portfolio
13:58 Maximize Your Retirement Contributions
15:52 Final Thoughts and Encouragement
18:52 Disclaimer and Professional Advice

Check out the Palm Valley Wealth Management Website
PalmValleywm.com

Check us out on
Instagram
LinkedIn
Facebook
Listen to the Podcast Here!
Apple
Spotify