Ask HTM - Spending on a Tax Pro, Frugal Practices for Millionaires, & Ending a Termite Bond #1057
whatshot 9 snips
Nov 3, 2025
Listener questions take center stage as the hosts dive into selecting the right tax professional and the costs involved. They tackle the frugal versus cheap debate over reusing Ziploc bags, and discuss updating a 30-year-old trust. Market dynamics affecting high-yield savings account rates are explained, along with tips on whether to renew a termite warranty or take DIY action. Plus, there's a fun beer review that adds a refreshing twist to the conversation!
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volunteer_activism ADVICE
Hire Hourly Help For Complex Tax Decisions
Consider hiring a fee-for-service financial pro when tax implications get complex or stakes rise near retirement.
Use hourly consultations for targeted questions and avoid commission-based sales that create conflicts of interest.
insights INSIGHT
Tax Mistakes Can Make Or Break Retirement
Small tax mistakes can compound and materially hurt retirement outcomes.
Experienced professionals act like Sherpas, guiding you through complex tax terrain efficiently.
volunteer_activism ADVICE
Find A CPA Through Referrals
Ask friends and colleagues for CPA/accountant referrals to find local, trusted tax pros.
Expect routine personal tax prep to be a few hundred dollars and more for complex returns with businesses or properties.
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Let’s kick off 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 - Tax help: where should I find a tax professional and how much should one cost?
2 - Frugal or cheap: should I continue to reuse ziploc bags if I have millions in the bank?
3 - Revocable trust: does it make sense to update my parents' trust or should they scrap it for a brand new one?
4 - Savings rates: what’s going on with HYSA interest rates?
5 - Termites: is it time to take matters into my own hands or do I just pay to renew the termite warranty?
Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
Learn how you can take on some DIY pest control that will give you professional results at a fraction of the cost. And a Bug-A-Salt gun is fun and actually works- especially on house flies!
Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
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During this episode we enjoyed a The Scars on Greedy Palms by Burial! 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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