New Money New Problems Podcast

If you've thought about investing on your own, you've heard someone say that all you need to do is put your money in the S&P 500? But what is this index? How does it work? And is it actually the right place for EVERYONE to invest their money?And if you haven't already, join our email list to stay up to date on new episodes and upcoming events at newmoneynewproblems.com/podcast! Support the show

Investors regularly try to time the market, believing they know the perfect time to enter into or exit out of investments.In this episode, we discuss Dollar Cost Averaging, a method that uses consistency to (hopefully) take some of the human error out of the investing process.EPISODE RESOURCESLump sum vs. Dollar Cost Averaging article Auto-enrollment research  And if you haven't already, join our email list to stay up to date on new episodes and upcoming events at newmoneynewproblems.com/podcast! Support the show

The Pyramid of Investments helps categorize how people should build their finances based on levels of risk.In this episode, we break down each level of the pyramid and how certain investments are utilized - positively and negatively - by high income earners establishing their portfolios. EPISODE RESOURCESPyramid of Investments Article Support the show

Having a high income is the goal, but it CAN lead to some tax consequences that impact the rest of your finances!Join us as we cover 5 key financial areas where the numbers on your tax return can dictate what you can and can't do with your money.EPISODE RESOURCES2023 Tax Guidelines Support the show

Each tax filing year, married couples can decide to file their taxes Married Filing Jointly, or Married Filing Separately.In this episode, we talk about some of the pros and cons of each filing strategy, and give examples of scenarios where it might make financial and legal sense to file apart. EPISODE RESOURCES 2022 Federal Tax Brackets And if you haven't already, sign up for our email list for news on private events, upcoming episodes and more at newmoneynewproblems.com/podcast! Support the show

The 2022 Tax Year has a number of major changes that could radically alter the refunds you expect to receive ... or the amount you expect to pay in federal income taxes.In this episode, we cover these changes in detail, along with 5 red flags from your tax return that could increase your chances of an IRS audit!EPISODE RESOURCESCNBC Red Flags Article2022 Form 1040 And if you haven't already, sign up for our email list for news on private events, upcoming episodes and more at newmoneynewproblems.com/podcast! Support the show

Last week, we witnessed the 2nd and 3rd largest bank collapses in US history!In this episode we cover how a series of economic forces led to the demise of these two banks, how many people were affected without even knowing it, and the impact it could have on you moving forward.EPISODE RESOURCESSilicon Valley Bank exposeBonds 101FDIC Insurance Details And if you haven't already, sign up for our email list for news on private events, upcoming episodes and more at newmoneynewproblems.com/podcast! Support the show

There's often a lot of confusion when people hear tax terms thrown out like deductions, credits, Adjusted Gross Income and more.In the lead up to the tax filing deadline, we give you a breakdown of how the federal tax system actually works, so you have the tools you need to know to make it work for you! EPISODE RESOURCES 2022 Federal Tax Brackets  And if you haven't already, sign up for our email list for news on private events, upcoming episodes and more at newmoneynewproblems.com/podcast! Support the show

Every February 1st, there's a little known holiday that raises the awareness of state websites dedicated to finding your lost money: Unclaimed Property Day!Tune in to this episode to find out what Unclaimed Property is, why you might have some, and how to retrieve it!Episode ResourcesUnclaimed Property Article Support the show

529 accounts can be wonderful tools ... if you're financially prepared to contribute to them. In this episode, we discuss various features of 529s, and how to determine whether they're the right tool for your children's education savings.EPISODE RESOURCESBusiness Insider article And if you haven't already, join our email list to stay up to date on new episodes and upcoming events at newmoneynewproblems.com/podcast! Support the show