Cody Garrett

In this engaging discussion, Cody Garrett, a financial planner at Measure Twice, Money, dives into the world of taxable brokerage accounts. He unpacks their often-overlooked benefits for building wealth and early retirement, highlighting strategies for tax efficiency. Listeners learn about the flexibility of contributions and investments, ways to optimize tax outcomes through techniques like tax loss harvesting, and the intricacies of gifting within these accounts. Cody's insights empower anyone looking to navigate their financial journey with confidence.

Cody Garrett, a Certified Financial Planner from Measure Twice Money, shares invaluable insights on capital gains tax strategies. He explains capital gains harvesting and how it can minimize tax liabilities on investments. The discussion covers the advantages of long-term capital gains versus ordinary income, and strategies for effective tax management during retirement. Cody also highlights the interplay between taxable income and health insurance subsidies, emphasizing smart planning for financial independence while prioritizing lifestyle choices.

Join Cody Garrett, an expert in investing and financial planning, as he dives into the costly mistakes even seasoned investors make. Cody emphasizes mastering asset location for tax efficiency, helping listeners understand the optimal placement of investments. He also discusses the importance of active management in retirement contributions and the benefits of donating appreciated securities. Additionally, he highlights the significance of intentional giving and proactive financial planning to secure wealth for future generations. Tune in for valuable insights!

Cody Garrett, a former musician turned financial planner at Measure Twice Financial, shares his inspiring journey towards financial independence through the FIRE movement. He discusses his strategic career pivot, emphasizing the importance of financial education and networking. Cody offers insights on avoiding lifestyle inflation while building wealth and shares practical investment strategies. He also introduces the concept of 'recreational employment,' showcasing the fulfillment that comes from blending passion with financial planning for early retirement.

Cody Garrett and Sean Mullaney, co-authors of Tax Planning To and Through Early Retirement, bring their expertise to the table. They explore the complexities of tax strategies for early retirement, offering step-by-step guidance on drawdown processes and effective tax rates. They dispel common fears about retirement taxes, revealing how most retirees end up paying less than expected. Additionally, they break down the ins and outs of Required Minimum Distributions (RMDs), explaining their impact and how to navigate them successfully.

Cody Garrett, a Certified Financial Planner, joins for an engaging discussion on breaking free from the 'middle-class trap.' They debunk myths around financial independence, emphasizing community support and liquidity. The conversation includes innovative ways to access retirement funds early and critiques the limitations of the 4% withdrawal rule. Through compelling case studies, they highlight unique financial strategies for early retirement. Listeners are also introduced to an upcoming book focused on tax planning for financial freedom.

Sean Mullaney, known as The FI Tax Guy, and Cody Garrett, a certified financial planner, delve into essential retirement drawdown strategies. They discuss four critical rules for tax-efficient withdrawals, emphasizing spending taxable accounts first and delaying Social Security. The duo highlights advanced tactics, like Roth conversions, to maximize tax benefits and healthcare cost management. With insights into the five phases of retirement, listeners discover how to balance income, credits, and taxes for a financially secure future.

In this engaging discussion, tax experts Sean Mullaney and Cody Garrett share insights on how early retirement can actually minimize your tax burden. They debunk the common myth that retiring early leads to higher taxes, revealing that lower retirement income often equates to reduced tax bills. Listeners can learn practical strategies like optimizing 401(k) contributions and Roth IRA conversions. Additionally, they address real-world challenges for FIRE enthusiasts, including building emergency reserves without tax pitfalls and effective cash management for entrepreneurial ventures.

In this week's episode, Brad and Jonathan are joined by Measure Twice Money's founder Cody Garrett! Together, they discuss important details about DIY financial planning, such as identifying where you do and don't need help with your financial planning, exercising the rational and reasonable approach when financial planning, and ways you can properly prioritize your spending! Also, the trio shares important information you should know before selecting a financial planner. Cody Garrett Website: Measure Twice Money Blog: Measure Twice Money's Blog Resources Mentioned In Today’s Conversation Cody's Interview on FA Success Sean Mullaney Annual CFP Roundtable 2017 with Kyle Mast and Danny Kenny | ChooseFI Episode 058 Jorge Soriano - Financial Planning For Good Mike Powers - Manuka Financial XY Planning Network Measure Twice Money's Data Gathering Checklist If You Want To Support ChooseFI: Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Track your personal finances with Personal Capital Compare, buy, and save big on insurance with Policygenius Keep learning or start a new sidehustle with one of our educational courses Slash your cellphone bill without sacrificing service with Mint Mobile Want to start your own journey to Financial Independence? Sign up for the free 5-Day FI Challenge here!

Cody Garrett, an advice-only CFP at Measure Twice Financial and author of *Tax Planning To and Through Early Retirement*, shares invaluable insights on tax strategies that can ease the path to early retirement. He discusses the importance of proactive tax planning, emphasizing how small savings adjustments can lead to significant benefits. The conversation also highlights the evolving mindset towards financial independence, effective withdrawal strategies, and the role of Social Security in retirement planning. Get ready to rethink your financial future!