Ashley Quamme, licensed marriage and financial therapist and the Founder of the Wealthy Marriage, shares insights on addressing financial disagreements and living beyond means in a marriage. They discuss the dangers of hidden financial problems and offer practical advice on navigating money conversations, getting on the same financial page, and working towards shared goals.

Sarah Edens, Founder of Sarah Edens Financial, discusses the crucial role of mindset in achieving financial success. They talk about challenges women face with finances, shifting from a scarcity to an abundance mindset, and practical strategies for improving financial security.

Welcome to the third episode of The Witty Wallet, where we empower you with the knowledge you need to achieve financial literacy and confidently plan for your retirement. Today, we're continuing our exploration of the million-dollar question: How much do you need to retire comfortably? In this episode, we're going to delve into Social Security Maximization, a crucial aspect of retirement planning that's often overlooked. By understanding how to make the most of your Social Security benefits, you'll be better equipped to ensure a comfortable and secure retirement. But we're not stopping there! We'll also be discussing the concept of Legacy and how it plays a significant role in your retirement planning. Securing your financial future extends beyond saving and investing for yourself – it means considering your family and loved ones too. To help illustrate these concepts, we'll be sharing a case study that demonstrates everything we discussed in all three episodes. This practical example will help you see the benefits and potential pitfalls, giving you a better understanding of how these strategies can be applied in your own retirement planning journey. To see the full case study on YouTube please visit the following link to the Maven Bridge Capital YouTube Page Don't miss this opportunity to elevate your retirement game with The Witty Wallet podcast! Please like, subscribe, and share this episode to help spread the word about financial literacy and retirement planning.

The Witty Wallet Podcast Episode Title: How much do I need to retire comfortably - Part 2 Episode Description: The discussion continues in this second episode of this 3-part series! As a financial advisor, I get asked an important question all the time: "How much do I need to retire comfortably?". In this episode, we focus on why you need to plan for your retirement and think of it in terms of cash flow needs. Additionally, we explore the concept of adopting a flexible spending plan for your discretionary expenses by taking more out of your portfolio in an up market and less in a down market. Uncontrollable factors in retirement Loss aversion bias Sequence of return risks Importance of cash flow planning Adopting a flexible spending plan Uncontrollable factors in retirement Inflation risk Longevity risk Market risk Healthcare costs Portfolio shock risks Loss aversion bias and sequence of return risk Role of these factors during the decumulation phase of retirement The impact on your retirement savings and spending strategy Importance of cash flow planning Ensuring your income needs are met during retirement Creating a sustainable withdrawal strategy Adopting a flexible spending plan Balancing discretionary expenses Modifying spending during up and down markets Have question about something I covered? Schedule a coffee chat here with me to learn more. Take our FREE financial health assessment here today. Tune in next week for the final episode of this series. Don't forget to subscribe to The Witty Wallet Podcast to never miss an episode! If you enjoyed this episode, please leave a review on iTunes, Spotify, or your favorite podcast app. Your reviews help us reach more listeners who are interested in improving their financial future.

EPISODE OVERVIEW - Welcome back to The Witty Wallet, your go-to podcast for navigating life's financial twists and turns. Today, we will explore one of the most common questions people ask: "How much do I need to retire comfortably?" We'll analyze different factors determining this seemingly elusive 'magic number' and share some practical tips on planning for a comfortable retirement. Thinking of Your Financial Life as if It Were a Business Treat your personal finances like a business would manage its cash flow Understand both the accumulation and decumulation phases of your financial life Focus on Your Cash Flow Needs, Not Just Building Your Nest Egg Importance of understanding your retirement expenses Scaling down from your current lifestyle or maintaining it Examples of intelligent decisions to make now Remember to subscribe and join the conversation on our social media channels! If you'd like to learn more about our financial services and get a free Financial Health Assessment, visit www.mavenbridgecapital.com. Stay engaged, informed, and stay tuned for our next episode on The Witty Wallet.

Episode Overview: Have you ever considered the financial challenges many people face after losing a spouse, particularly the widow's tax penalty? Join me, Kristoffer Fu for a deep dive into this critical and often-overlooked topic, as we explore what it means and how it can impact your family's financial future. Key Topics: The impact of a spouse's loss on Social Security benefits: Explaining the concept of the widow's tax penalty How this tax can affect the survivor's Social Security benefits How the widow's tax penalty can increase your taxes: The role of tax brackets and tax rates on the widow's tax penalty Understanding the real-life implications of increased taxes Medicare premiums affected by the widow's tax penalty: Discovering how Medicare premiums can be impacted Ways to minimize the effect on your healthcare costs Strategies for proper preparation: Planning with the widow's tax penalty in mind Addressing life insurance’s role in preparing for these potential tax challenges Tips on maintaining your financial stability and planning for the future Links and Resources Mentioned: Kristoffer Fu Maven Bridge Capital Free Financial Plan - Financial Health Assessment Call-to-Action: We hope this episode has shed light on the often-overlooked widow's tax penalty. Remember to subscribe and join the conversation on our social media channels! If you'd like to learn more about our financial services and get a free Financial Health Assessment, visit www.mavenbridgecapital.com. Stay engaged, informed, and stay tuned for our next episode on The Witty Wallet.

Welcome to another episode of The Witty Wallet! I'm your host, Kristoffer Fu, and today we've got a powerful and personal story to share. In this episode, we will dive into the importance of setting financial goals and how having a clear vision for your financial future can revolutionize your life. I'll share my struggles with debt at a young age and how goal-setting helped me escape the credit card debt trap, build personal wealth, and unleash the dream life I always wanted. So buckle up, grab a pen and paper, and let's get started! The Power of Financial Goals Achieving financial freedom Reducing stress and improving decision-making The Consequences of Not Having Financial Goals Debt pile-up Poor decision-making The impact on personal fulfillment and other life areas Tools and Tips for Setting Financial Goals SMART goals (Significant, Memorable, Aspirational, Rewarding, and Timely) Using a planner for goal-setting For more financial resources and education, visit us at Maven Bridge Capital. In today's episode, we journeyed through the incredible impact that setting financial goals can have on your life. By taking control of your financial future, you can escape the credit card debt trap, achieve financial freedom, reduce stress, and truly unleash the dream life you've always wanted. As we wrap up, I want to leave you with a thought-provoking question to reflect on: what are you doing today to set yourself and your loved ones up for financial success? Remember, your future is in your hands - it's time to make your dreams a reality! If you found this episode helpful, please subscribe and share it with others. We're here to help you master your money, and we'll catch you in the next episode!

Witty Wallet Podcast: Episode #5 - Investment Advice and Financial Advice are NOT the Same Thing Featuring Speaker: Kristoffer Fu Episode Duration: 28 minutes Not all advice is created equal - Learn the critical distinction between investment advice and financial advice that could make a difference for your financial well-being. Welcome to a new episode of the Witty Wallet Podcast, where we guide you through the winding world of personal finance! In this episode, we have the pleasure of being joined by our speaker, Kristoffer Fu, the Founder of Maven Bridge Capital and advocate for financial literacy. Kristoffer is here to debunk one of the most widespread misconceptions in the financial sphere: the belief that investment and financial advice are one and the same. Tune in as we go into the significant differences between these two forms of advice and how they can impact your financial decisions. In this fascinating discussion, you will learn: Why investment advice focuses exclusively on growing your wealth through stocks, bonds, and other securities, while financial advice encompasses a broader range of financial planning elements. The critical importance of laying a solid financial foundation - like having a budget, eliminating credit card debt, and establishing an emergency fund - before diving headfirst into the world of investments. How understanding the intricacies of both investment and financial advice can set you up for long-term financial success. Don't miss out on this eye-opening conversation that will shift your perspective on personal finance! To stay up-to-date with our latest episodes and financial insights, subscribe to the Witty Wallet Podcast on your favorite podcast platform. Remember, your financial future starts with a single step, so take this opportunity to join us in making wealth-building accessible and enjoyable! Kristoffer Fu - LinkedIn Maven Bridge Capital - Visit Us Maven Bridge Capital - YouTube

Where does happiness come from? This episode of the Witty Wallet examines the results of a prolonged 85-year Harvard study that suggests happiness is derived, not from money or career success, but from having strong positive relationships. Why is practicing social fitness important especially for those who come into overnight wealth? How can our relationships with our parents or our children affect family wealth? Discover why 70-90% of family wealth can erode over generations and what steps you can take towards reversing such sobering statistics while still building lasting joy in our lives - tune in to this episode now! Helpful Resources Are you concerned about your legacy?  Check out my article "3 Reasons Why Boomer parents and their Millennial children need to get on the same page." CNBC article - 85 year Harvard study - the Number 1 thing that makes us happy in life Want to test if you are Financially Fit?  Take our FAST, FREE, and ANONYMOUS Financial Health Assessment and see how financially fit you are. For more information about Maven Bridge Capital please visit us and schedule a complimentary 1 on 1 with our Founder, Kristoffer Fu Kristoffer Fu - LinkedIn Maven Bridge Capital - LinkedIn Maven Bridge Capital - Facebook Maven Bridge Capital - Instagram Maven Bridge Capital - YouTube Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC.  Investment advisory services offered through Kestra Private Wealth Services, LLC.  Maven Bridge Capital is a member firm of  Kestra Private Wealth Services, LLC, an affiliate of Kestra IS.  Maven Bridge Capital and Kestra IS are not affiliated.

You will probably live longer than you think. This is excellent news, but it also means that you must start planning for retirement sooner than you may have thought. In a recent article in Barrons titled "most people can't answer this one life-and-death question," people are underestimating how long they will potentially live, which is a significant risk to their overall retirement plan and financial well-being.  In this episode of the Witty Wallet, I talk about some things you need to consider when planning for your golden years. I also talk about the potential changes to Social Security in the next decade that can impact your retirement and what you can do to protect your heirs from probate. Helpful Resources Want to be more prepared for retirement?  Check out my article "The Five Myths about Retirement planning that will surprise you." Barron's Article - Most people can't answer this one life-and-death question. Want to test if you are Financially Fit?  Take our FAST, FREE, and ANONYMOUS Financial Health Assessment and see how financially fit you are. For more information about Maven Bridge Capital please visit us and schedule a complimentary 1 on 1 with our Founder, Kristoffer Fu Kristoffer Fu - LinkedIn Maven Bridge Capital - LinkedIn Maven Bridge Capital - Facebook Maven Bridge Capital - Instagram Maven Bridge Capital - YouTube Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC.  Investment advisory services offered through Kestra Private Wealth Services, LLC.  Maven Bridge Capital is a member firm of  Kestra Private Wealth Services, LLC, an affiliate of Kestra IS.  Maven Bridge Capital and Kestra IS are not affiliated.