The Money with Katie Show

Tim Steffen, a CFP, CPA, and CPWA at Baird Wealth, joins the Rich Girl Roundup to discuss whether you should move to a CPA. They cover when to hire a CPA, finding the right one, and understanding fees. Topics include transitioning from TurboTax, hiring a CPA for tax preparation, finding a CPA for your financial needs, and the importance of a CPA for complex taxes.

Explore the impact of sobriety on personal and financial aspects. Delve into the negative effects of alcohol on sleep quality, brain health, and finances. Reflect on the journey towards sobriety and its influence on professional and personal lives. Discover the sober curious movement and its positive effects. Reflect on one year of sobriety and its impact on health and personal growth.

In this episode, the hosts discuss what to do with a year-end bonus, debunk the misconception about taxes on bonuses, share their personal approaches to handling bonuses, explain how to calculate investment growth, and explore the balance between celebrating financial accomplishments and preparing for the future.

When is it time to work with a financial professional? This episode delves into the topic and highlights the importance of establishing a relationship before financial life gets complicated. It discusses the lack of requirements for the title 'financial advisor' and the different standards of care in the industry. The chapter also explores different compensation models for fee-only financial advisors and explains the concept of fiduciary and its importance in financial advice.

In this episode, Katie and Henah discuss whether roboadvisor fees are worth it and the benefits of using them. They explore the value of roboadvisor fees for tax optimization and compare them to human financial planners. They also highlight the benefits of roboadvisors for beginner investors and discuss popular options like M1 Finance and Betterment. Finally, they provide best practices for investing and mention M1 Finance as a customizable roboadvisor option.

Exploring the relationship between money and contentment, the podcast discusses the psychological effects of comparing financial success to others. It also dives into the concept of constantly striving for more and the importance of breaking free from established identities. Embracing fear as a catalyst for personal growth and making intentional choices are highlighted as well.

In this episode, the hosts discuss the benefits of booking travel in advance and provide tips for finding the best deals. They share strategies for maximizing points and saving money on flights and hotels. They also talk about the value of a good travel agent and provide tips for finding and evaluating flight deals, including mistake fares.

This podcast explores money hacks for high earners, including tax-advantaged vehicles, alternative investments, and personal finance hacks. They also discuss finding the right accountant, tax optimization strategies, using losses to offset gains, insurance optimization, estate planning, gift and estate tax exclusion, and leveraging chat GPT for financial modeling.

Learn about the benefits of rolling over a 401k when leaving a job, including avoiding cashing out and reducing fees. Explore different options for rolling over a 401k, such as transferring it into an IRA or a new employer's plan. Discover their experience using a service to roll over a 401k. Discuss the process of rolling over a 401k retirement account, including options for indirect and direct rollovers.

The podcast shares the narrator's personal experience with identity theft and how they resolved the issue. It discusses encounters with phone scams and identity thieves, as well as the revelation that their friends had also been targeted. The chapter also highlights the importance of preventing identity theft, offering tips such as acting promptly on fraudulent charges and being cautious on social media.