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In this episode of Retire Early Retire Now, host Hunter Kelly, a certified financial planner, explores the growing trend of semi-retirement among older millennials and younger Gen Xers seeking better work-life balance. He highlights the benefits of semi-retirement, such as increased flexibility, financial independence, mental stimulation, and improved health. Hunter shares practical advice on evaluating your financial situation, assessing career options, planning, and considering healthcare. He also celebrates the second anniversary of his firm, Palm Valley Wealth Management, and emphasizes the importance of designing a fulfilling and balanced life.

00:00 Introduction to Semi-Retirement

01:25 Celebrating Milestones: Palm Valley Wealth Management

02:43 Benefits of Semi-Retirement

09:35 Planning for Semi-Retirement

15:57 Healthcare Considerations

17:11 Embracing Flexibility and Conclusion

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In this episode of The Retire Early Retire Now podcast, host Hunter Kelly, a certified financial planner, discusses the crucial importance of focusing on increasing income rather than obsessing over the rate of return on investments. Aimed at high-income professionals in their thirties and forties, the episode explores how to boost income through negotiating raises, learning new skills, and starting side gigs. Through real-life examples and actionable steps, Kelly shows how enhancing income can have a significantly larger impact on financial growth compared to achieving slightly higher investment returns.

00:00 Introduction and Podcast Overview

00:18 The Importance of Increasing Income

02:21 Why Rate of Return Isn't Everything

08:32 Real-Life Examples of Income Growth

13:37 Actionable Steps to Boost Your Income

20:23 Conclusion and Final Thoughts

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In this episode of The Retire Early Retire Now podcast, host Hunter Kelly, certified financial planner, delves into strategies for high-income earners to achieve early retirement in their fifties comfortably and confidently. Key topics include the three essential retirement accounts (employer retirement plans, Roth IRAs, and taxable brokerage accounts), investment strategies balancing growth and stability, diversification, and liquidity. Hunter also discusses tax planning tactics and milestones for those in their thirties, forties, and fifties to stay on track for early retirement. This detailed guide emphasizes the importance of early and aggressive saving, avoiding lifestyle creep, and the need for continuous financial education and planning.

00:00 Welcome to The Retire Early Retire Now Podcast

00:18 Introduction to Early Retirement Planning

01:19 Key Retirement Accounts for Early Retirement

07:13 Investment Strategies for Early Retirement

13:11 Avoiding Common Investment Traps

16:04 Tax Planning for Early Retirement

20:47 Laying the Foundation for Early Retirement

26:57 Milestones for Your 30s, 40s, and 50s

31:07 Conclusion and Next Steps

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Term vs. Whole Life Insurance: Which is Right for You?

In this episode of 'The Retire Early Retire Now' podcast, host Hunter Kelly, a certified financial planner, focuses on the importance of life insurance for high-income earners. Hunter discusses the differences between term life and whole life insurance policies, providing insights into which option might be more suitable based on individual circumstances. He highlights the affordability and flexibility of term life insurance, especially for young professionals, while acknowledging certain scenarios where whole life insurance could be beneficial. Hunter also touches on the financial implications, potential tax benefits, and strategic planning around choosing the right policy. Listeners are encouraged to assess their own needs and consult financial or insurance professionals for personalized advice. The episode is educational and offers practical guidance on maximizing and protecting wealth through appropriate life insurance choices.

00:00 Introduction to the Podcast

00:14 The Importance of Life Insurance

02:18 Understanding Term Life Insurance

07:21 Exploring Whole Life Insurance

13:43 Comparing Term and Whole Life Insurance

16:02 Special Considerations for Life Insurance

17:22 Conclusion and Contact Information

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Target Date Funds vs. Custom Investment Allocation: A Deep Dive

In this episode of The Retire Early Retire Now podcast, hosted by Hunter Kelly, a certified financial planner and owner of Palm Valley Wealth Management, listeners are given an in-depth comparison between target date funds and custom investment allocations. After a two-week hiatus due to a busy review season, Kelly discusses the convenience and benefits of target date funds, such as ease of use, automatic rebalancing, and broad diversification. However, he also highlights the limitations for high-income earners, including lack of personalization and tax inefficiency. The episode then explores the advantages of a custom allocation, focusing on personalized asset mixes, cost and tax efficiency, and a deeper understanding of one's financial portfolio. Kelly provides practical advice based on the listener's stage in their investing career and emphasizes the importance of a holistic view of all investment accounts. The episode wraps up with tips for those considering professional financial advice and a call to action to engage with the podcast for further insights.

00:00 Introduction and Welcome

00:43 Topic Overview: Target Date Funds vs. Custom Investment Allocation

02:34 Understanding Target Date Funds

06:48 Pros of Target Date Funds

12:52 Cons of Target Date Funds

18:33 Exploring Custom Investment Allocation

21:57 Pros and Cons of Custom Allocation

28:45 Recap and Final Thoughts

33:15 Conclusion and Call to Action

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In this episode of The Retire Early, Retire Now Podcast, Certified Financial Planner Hunter Kelly dives deep into five powerful, proactive tax planning strategies designed specifically for high-income earners. Stop treating tax planning as a year-end scramble and start maximizing your financial efficiency all year long.

Key Topics Covered:

1. Front-Loading Retirement Contributions:
   • How to strategically maximize contributions to 401(k), 403(b), SEP, and Solo-K accounts.
   • Understanding when to choose pre-tax vs. Roth contributions.
   • Balancing cash flow and securing employer matches.
2. Backdoor Roth IRA Conversions:
   • Step-by-step breakdown of the backdoor Roth strategy.
   • Avoiding pitfalls with the Pro Rata Rule.
   • Why converting early in the year reduces tax complexity.
   • Strategies to double Roth contributions for married couples.
3. Optimizing Withholdings and Estimated Taxes:
   • How to avoid IRS penalties and prevent giving the IRS an interest-free loan.
   • Calculating safe harbor numbers and adjusting payments accordingly.
4. Tax-Loss Harvesting Opportunities:
   • Leveraging market volatility to capture investment losses.
   • Reducing tax drag in brokerage accounts.
   • How loss harvesting offsets future capital gains or ordinary income.
5. Maximizing Charitable Contributions:
   • Utilizing Donor Advised Funds for significant upfront tax deductions.
   • Benefits of "bunching" charitable gifts to exceed the standard deduction.

Bonus Tip: Family Income Shifting Strategies:

• How employing family members in your business can lower overall family tax liability.
• Teaching financial literacy and fostering early retirement savings for children.

Additional Resources Mentioned:

• Episode on Pre-Tax vs. Roth Contributions
• Episode on Direct Index Investing

Ready to take control of your tax planning? Schedule a complimentary consultation at PalmValleyWM.com and discover how proactive tax strategies can significantly enhance your financial future.

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• Subscribe to our YouTube channel for more insightful financial content.
• Leave a 5-star review and share this episode with anyone aiming to reduce their tax burden.

Disclaimer: This podcast is for educational purposes only and should not be considered financial, tax, or legal advice. Please consult a professional advisor regarding your specific situation.

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PalmValleywm.com

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Navigating Pension Choices: Lump Sum vs Monthly Payment

In this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly, a Certified Financial Planner (TM) from Palm Valley Wealth Management, discusses the crucial decision for those with pensions on whether to take a lump sum or monthly payment. With pensions becoming rare, Hunter examines factors like life expectancy, risk tolerance, investment potential, and tax implications in making this decision. He also shares a real client case study to illustrate the considerations involved. This episode equips high-income professionals with the knowledge to make informed retirement choices.

00:00 Introduction to the Podcast

00:16 The Decline of Pensions

00:55 Pension Payment Options

03:04 Calculating Your Pension

05:17 Client Case Study: John and Jane

06:38 Key Factors to Consider

08:22 Breakeven Point Analysis

12:35 Final Thoughts and Advice

14:17 Conclusion and Disclaimers

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In this episode of the Retire Early Retire Now podcast, Hunter Kelly, a certified financial planner and owner of Palm Valley Wealth Management, discusses the five essential financial benchmarks to achieve by age 50. The episode builds on last week's discussion about financial goals for age 40 and is geared towards high-income earners such as physicians and attorneys. Key areas covered include saving six to eight times your annual income for retirement, eliminating consumer debt, maximizing retirement contributions, diversifying investments, and securing an estate plan. Additionally, Hunter emphasizes the importance of long-term investment strategies amid market uncertainties and offers practical advice on how to stay financially on track.

00:00 Welcome to the Retire Early Retire Now Podcast

00:14 Introduction to Financial Benchmarks by Age 50

01:14 Market Insights and Long-Term Investment Strategy

02:46 Benchmark 1: Retirement Savings Goals

07:35 Benchmark 2: Eliminating Consumer Debt

10:54 Benchmark 3: Maximizing Retirement Contributions

12:52 Benchmark 4: Diversifying and Managing Investments

19:45 Benchmark 5: Importance of Estate Planning

24:49 Recap and Final Thoughts

Check out the Palm Valley Wealth Management Website
PalmValleywm.com

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