Emotional Balance Sheet with Paul Fenner

How long have you been planning that trip of a lifetime? Our resident travel expert, Jill Benedict, is back with us for a lively deep dive into the unpredictable world of family travel. From international cruises and unexpected illnesses to the logistics of planning multi-city adventures, Jill and I swap personal stories, travel mishaps, and insider tips you won't want to miss. We dig into why cruises can simplify travel logistics, the value of private guides, and even compare dining across cruise lines. Jill also shares why booking excursions through the cruise company often pays off. Our conversation goes deeper into the choices families face: balancing kids' sports schedules versus family vacations. From my daughter's swim meet to Jill's client balancing baseball with a Hawaii trip, we explore how to prioritize memories over moments that may not matter as much years from now If you're on the fence about that "big" family trip, remember: you'll never regret time spent together, but you might regret the experiences you missed. Please enjoy my conversation with Jill Benedict. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: Wishes & Wonders Travel Agency The Ultimate Guide to Stress-Free Family Vacation Planning How to Master and Save Money on Family Vacations

Have you ever wondered why you get sick on vacation? I share my all-too-relatable experience of getting sick on my recent anniversary trip across Italy, Greece, and Turkey with our resident therapist, Dr. Jennifer Dragonette. Dr. Jen dives into why our bodies often choose downtime to recover, exploring our hidden demands we carry and how American work culture fuels our "earn your rest" mentality. But, as always, our conversation expands, weaving in discussions about present-moment awareness, how to build restorative habits into daily life, and why those five-minute "mini-vacations" might be just what your nervous system needs. Dr. Jen and I also tackle bigger questions: When do you know it's time to seek professional help, whether that's in therapy or financial advice? What stigma holds us back, and how much can talking to the right person or connecting with others change our experience? From the pressures of social comparison to embracing change as parents, this episode is packed with relatable stories and actionable advice. Whether you're guilty of pushing through without a break, curious about the real signs it's time for extra support, or just looking for ways to slow down time and savor life's moments, I hope this conversation provides a little reassurance that you're definitely not alone. Please enjoy my conversation with Dr. Jennifer Dragonette. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: Finding Harmony in Life, Work, and Family Inside the Family Office: A Family's Journey Working with a Financial Advisor What If You Didn't Need a Wake-Up Call to Change Your Life?

Have you ever wondered why you buy what you buy?  There are so many reasons under the surface for our purchases from social status to taking care of our future selves. I have the perfect guest to help break down these spending thoughts for us.  Dr. Michael Barbera, associate professor of marketing at the University of North Carolina at Pembroke, explores the fascinating world of "Costco therapy" and the deeper psychology behind our shopping habits. Mike and I delve into what truly drives us to fill our carts—not just at Costco, but at big-box stores everywhere—and how the thrill of discovery, exclusivity, and even our future selves influence the decisions we make every time we shop. You'll also hear about how brands use subtle psychological tactics—think those rotating aisles, shiny new objects, and exclusive memberships—to keep us coming back for more.  The conversation covers everything from customer loyalty, subscription traps, and the emotional calculus behind "saving money," to the powerful role of social media and the human urge to keep up with the Joneses. Please enjoy my conversation with Dr. Michael Barbera. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: Dr. Michael Barbera What Is "Costco Therapy"—And Why Is It So Effective? Your Future Self: How to Make Tomorrow Better Today

Do you know how the new "One Big Beautiful Bill" will impact you during your retirement years? I'm wrapping up my One Big Beautiful Bill series by exploring the unique challenges and opportunities of financial planning for retirees. I walk you through the key highlights of the new legislation and what it means for those who are already in retirement, as well as for those helping parents and loved ones navigate these waters. From expanded senior deductions to strategic Roth conversions and increased estate tax limits, I explain why retirees stand to benefit the most from these new changes. You'll learn about crucial tax strategies, the ins and outs of leveraging deductions, how to make the most of gifting, and even ways to maximize after-tax returns in your golden years. Whether you're just starting planning for retirement or living it now, this episode is packed with actionable insights for you and your family. If you're looking to simplify your financial future or want to help your parents or kids avoid costly mistakes, this conversation provides you with the guidance you may need. As we close out this informative series, don't forget to share the episode with anyone you know who could benefit from comprehensive financial planning. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics.

Do you know what one of the most underrated life transitions is? And how the "One Big Beautiful Bill" may impact it? Today, I delve into the often-overlooked yet pivotal transition of entering the empty nest and pre-retirement phase. Drawing on years of experience working with families, I share personal reflections and practical insight about the emotional and financial shifts that occur at this stage of life. I explore why maintaining strong relationships with partners is more important and challenging than ever, especially as statistics show divorce rates spike for those in their 50s and 60s. I also unpack the impact of the OBBB does and, more importantly, what it doesn't do for your tax planning, retirement catch-up contributions, deductions, healthcare, and gifting strategies. From actionable advice on Roth conversions and sequence withdrawals to navigating health insurance before Medicare eligibility, I cover the complex landscape that pre-retirees face. I candidly share why now is the time to prioritize clear objectives, family communication, and a thoughtful financial plan, blending both heartfelt perspective and practical analysis. Whether you're approaching this life stage or helping a loved one through it, this episode is packed with critical insights to help you maximize your emotional and financial well-being. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics.

Parents, are you juggling high school schedules, college plans, and the ever-growing list of financial and personal priorities? This doesn't leave much time to understand how the new "Big Beautiful Bill" will affect you.  However, this is the life stage we will tackle today, drawing on my firsthand experiences as a parent of triplets (plus one!). I highlight the positives of the new legislation, like the increased standard deduction and stable marginal tax rates.  But, I also unpack the complexities and challenges hidden in the fine print, such as SALT deduction limits, tight retirement catch-up contributions, business owner perks, and what's really happening with those much-hyped vehicle and energy credits. If you're looking for smart strategies for balancing college savings and retirement, managing capital gains, and understanding why tax diversification should be on your radar, we cover these topics as well. If you're feeling pulled in every direction and trying to make sense of how the latest tax changes intersect with your family's goals, this episode is packed with actionable advice and thoughtful perspective, whether you're a parent, business owner, or just trying to keep up with life's financial demands. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics.

As a busy parent trying to manage your family and career, do you even have time to understand what he new One Big Beautiful Bill will mean to you? Today, I am going to explore the winds and losses through the "One Big Beautiful Bill" during this pivotal life stage of career and family growth. Drawing from my own experience as a parent of triplets (plus one!), I dive into the financial and emotional challenges parents face when juggling careers, raising children, and planning for the future. I break down what recent legislation means for families in this life stage, including significant updates to tax brackets, standard deductions, the SALT deduction, child tax credits, dependent care benefits, and the new "Trump account" investment option for kids. I also share proactive strategies for maximizing FSAs and HSAs, making the most of state-specific and charitable deductions, and finding harmony in your savings plan—no matter what life throws your way. If you're feeling pulled in a hundred directions by kids, careers, and finances, or want to stay ahead of the latest tax changes, this episode is packed with real stories, valuable strategies, and honest encouragement to help you build a solid roadmap for your family's future. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics.

What does the new One Big Beautiful Bill mean to parents and young adults? I am kicking off the "Big Beautiful Bill" series by breaking down what the new legislation means for those just starting their financial journeys—think high schoolers, college students, and anyone landing their first job. I deep dive into the bill's highlights, including the extension of marginal tax rates, increased standard deductions, and hot topics like deductions for reported tips, overtime pay, and vehicle interest—clearly outlining who benefits, the real dollar impact, and the fine print you need to know. I also highlight the bill's downsides, including tighter student loan limits, the phasing out of home energy credits, and EV incentives. If you're wondering how these changes could shape your financial future, or that of your kids or grandkids, this series offers practical advice. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode:  

"That's something that I wrestle with on a daily basis.  It's like showing up at the Masters every year; it's like why do I want to win this golf tournament so badly?  Why do I want to win the Open Championship so badly?  I don't know because, if I win, it's going to be awesome for two minutes." That is a quote from the world's top golfer, Scottie Scheffler, before he tees it up to try and win another major golf tournament.  Scottie's point is also the topic of conversation today with our resident psychologist expert, Dr. Jennifer Dragonette.  Dr. Jen and I explore how the thrill of big wins fades quickly and why major milestones, whether in sports, career, or personal life, rarely satisfy us for long.  Together, we also unpack common traps around goal-setting, retirement, and the pursuit of "enough," all while examining the importance of focusing on values over simple achievements. There are many great personal stories we share in this discussion, so I hope you can take away a few strategies from the conversation to help you along your journey. Please enjoy my conversation with Dr. Jennifer Dragonette. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: Dr. Jennifer Dragonette Scottie Scheffler's take on success in golf: 'What's the point?' Focusing on What Never Changes

According to The Kaplan Group, tax scams have resulted in 2025 YTD reported financial losses of $5,742,463.91.  Monthly tax scam reports rose 62% year-over-year, from 227 in 2024 to 368 in 2025, and have increased by 323% since 2020.  So what can you do to protect yourself? To help you stay safe, here are three key takeaways: The IRS will almost always contact you by MAIL first.  If you get a text, email, or surprise phone call demanding personal information or payment, it's almost certainly a scam. Phishing and "smishing" are at an all-time high.  Scammers try to lure you with messages about fake refunds, threats, or "unusual activity." Never click suspicious links or share your personal info. Double-check everything.  Unsure about a tax communication?  Review it with your tax professional, or check official IRS resources (linked on the podcast and IRS website).  Remember—the IRS won't email or text you unless you've explicitly given permission. Stay vigilant, and don't let scammers get between you and your hard-earned money! Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: How to know it's the IRS Dirty Dozen tax scams for 2025: IRS warns taxpayers to watch out for dangerous threats Understanding your IRS notice or letter

Time is the most valuable asset we have. But unlike money, you can't earn more of it. And once it's gone, it's gone. In this episode, I talk about something I see every day, with clients and in my own life: how a lack of time becomes the excuse for putting off financial decisions. The irony is, delaying those decisions often creates more stress and complexity down the road—costing us even more time. I share a few stories, including my own, about why we procrastinate, what that delay costs us emotionally, and what changes when we finally decide to act. Not out of motivation—that comes and goes—but out of clarity and purpose. Life doesn't slow down. But your priorities can become clearer. And often, the smallest step forward creates momentum you didn't think was possible. If you've ever said, "I'll get to it when things calm down," this episode is for you. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: The Science of Motivation and Strategies to Help You Achieve Your Purpose Funded Contentment: Am I Going to Be Okay? Rethinking the Relationship Between Money and Happiness

Have you ever caught yourself just waiting for the next economic downturn, a family milestone, or the "right moment" to act?   Just wait for the market to crash. Just wait until your kids hit middle school, or high school—or college—and then just wait for the real challenges to begin. I hear it constantly in the financial world and in conversations with fellow parents. And I've come to realize this phrase—"just wait"—is one of the sneakiest ways we let anxiety and fear rob us of the joy in front of us. I'm diving into why "just waiting" is often a trap—whether it's about what the markets might do or what life could throw our way. Instead of waiting for the next shoe to drop, what if we shifted our mindset to "just do it"? What if we focused on investing in our families, finances, and relationships right now? If you're tired of feeling stuck in the cycle of worry and anticipation, this episode is for you. Let's talk about how to stop waiting and start living. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: Bridging the Gap Between Financial Anxiety and Reality Helping Families Navigate Financial and Emotional Worries Mastering Financial Anxiety: A Strategic Approach to Market Volatility

Ever notice how you and your partner seem to "think out loud" differently—or not at all? Our resident therapist expert, Dr. Jennifer Dragonette, is back to talk about how differences in processing and communication styles can shape our relationships (and even our financial decisions!). You'll hear us share stories from our own families (yes, even the awkward silences and eye rolls), explore why venting isn't always an invitation for advice, and break down the nonverbal cues that can say so much more than words.  Dr. Jen offers some incredible, practical tips on how to name our patterns, set expectations, and really invest in understanding where our partners are coming from—emotionally and financially. So, whether you're trying to navigate a disagreement with your spouse, feeling misunderstood, or want to strengthen your connection at home, I think you'll find a lot to take away from this honest and relatable discussion.  Let's dive in! Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: How Parenting Challenges Shape Real-World Financial Advice Building Bridges in Relationships: The Impact of 'Yes And' on Understanding How to Stay Focused on Your Financial Goals During a Politically Charged Summer

I recently spent some time away on vacation, which got me thinking deeply about retirement, purpose, and the ongoing challenge of finding meaning in our everyday lives. While watching some older couples spend hours together on their boats, I found myself questioning not just what they talked about, but also how I view my own future and the idea of slowing down. From leaving a corporate career I couldn't stand to building a financial advisory firm that truly fulfills me, I share my ongoing struggle with the gap between knowing we want change and actually taking the necessary steps. I've learned, both as a podcast host and advisor, that self-awareness is just the first step; turning that awareness into action is often the hardest part, especially without a dramatic wake-up call pushing us forward. As we celebrate 200 episodes, I wanted to pass along three key takeaways from this milestone episode that might spark some reflection in your own life and career: ·       Awareness is the First Step, But Action is Hardest ·       Financial Planning is (Mostly) Emotional ·       Strive for Harmony, Not Balance Thank you to everyone who has tuned into the podcast, whether it's been for one episode or 200. Here's to continuing the conversation and helping more people find their own version of harmony. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: Scaling Yourself How to Stay in Love 5 Timeless Financial Truths That Will Never Change

I'm diving into a topic that's been on my mind lately: the idea of "time wealth"—and, just as importantly, "time debt." After coming off a busy stretch like tax season, I often find myself trying to catch up on everything I put on hold, only to realize I'm paying for it in stress, exhaustion, and those lost moments I wish I'd shared with my family. Inspired by insights from Greg McKeown and Ann Laure Lecomte, I reflect on the many faces of time anxiety—from the frantic rush of daily life to worries about the future to that existential feeling that time with my kids and wife is slipping away too fast.  Additionally, I share some perspectives on defining what "time well spent" really means. I hope this creates awareness to be more intentional about your own time, reduces the anxiety that comes with always feeling behind, and reminds you—and myself—that it's never too late to focus on what truly makes us happy. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: Time Wealth: How High Achievers Get It Right Time anxiety: is it too late? How to Turn Curiosity into Creation

Ever wonder what really happens when you decide to work with a financial advisor for the first time, especially when life already feels like a full-time juggling act? I sat down with Marisa Lonic—author, coach, and founder of Mama Work It—to talk about the emotional side of money, career pivots, and raising four kids, including twins. We dive into what it's like to navigate big life changes like moving states, the vulnerability that comes with opening up about your finances, and why timing and trust matter so much when you're leaning on experts.  Marisa also shares a powerful personal story about motherhood and a surprising tattoo that taught her something unexpected about growth. Please enjoy my conversation with Marisa Lonic. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics.

We live in a world obsessed with what's new. The latest tech, the next headline, tomorrow's market forecast. But beneath all that noise, some things stay the same. And maybe—just maybe—that's where the real wisdom lies. Born out of a moment of reflection after a volatile April in the financial markets, I found myself returning to Morgan Housel's work, especially his book Same as Ever. It reminded me that the most important lessons aren't about predicting the next move—they're about understanding the truths that don't change. In this episode, I highlight five timeless ideas that I believe are always worth remembering: the constancy of human emotion, the quiet power of compounding, the weight of expectations on our happiness, the surprise of risk, and the challenge of holding two competing ideas—like optimism and pessimism—in balance. These aren't hot takes. They're not meant to be. They're principles that have held up over decades and likely will hold up for decades more. So, if you've been feeling overwhelmed by all that's shifting, I invite you to slow down with me—and focus on what never changes. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: Same as Ever: A Guide to What Never Changes Money Can Buy Happiness: Up to a Point Finding Inspiration in the Gaps: The Power of Free Time

Have you ever thought about the moments that help shape your beliefs and emotions? I want to share how being a dad to triplets (plus one!) has completely reshaped how I think about financial planning. From cheering at swim meets to navigating tough parenting moments, I've learned that raising kids isn't so different from guiding families through financial decisions. Both are emotional, both are messy at times, and both require a ton of empathy. I'll share some personal stories that changed how I work with clients — how understanding someone's money story is just as important as crunching the numbers. And how learning to manage expectations (my kids, my clients, and my own) has made me a better advisor — and a dad. One key point I hope you takeaway is that emotional awareness — not just financial knowledge — can help you make better decisions for your family's future. If you've ever felt the weight of trying to do it all — save for college, plan for the future, and still be present with your family — this one's for you. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics.

Do you ever feel like you and your partner speak different languages regarding money? You're not alone. Our resident psychologist, Dr. Jennifer Dragonette, is back for a conversation that's equal parts practical, personal, and surprisingly fun. We're talking about the classic clash between spenders and savers—why it happens, how to navigate it, and what it takes to turn financial friction into a stronger connection. From our walk-and-talks to exploring the deeper stories we carry about money, this episode is full of honest, relatable moments, therapist-approved guidance, and even a few good laughs (wait until you hear the bit about pickles). Whether you're deep in financial negotiations with your partner or want to understand your own patterns better, this episode is packed with real-life insights, proven strategies, and stories that will hit home. Please enjoy my conversation with Dr. Jennifer Dragonette. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics.

As summer heats up, two words are dominating headlines: the "Big Beautiful Bill" and—still hanging around—tariffs. In this episode, I break down: ·      What's really inside the new tax legislation ·      Why tariff uncertainty is rattling corporate decision-making ·      How political theater might spike volatility (just in time for the 4th of July) ·      Why long-term investors should stay grounded—despite media noise While the news cycle may create short-term anxiety, your investment strategy should align with your long-term purpose and personal goals. Whether you're planning for retirement, saving for college, or just trying to sleep well at night, staying focused matters. Connect with Paul Contact Paul here or schedule a time to meet with Paul here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn and YouTube. And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. Resources Featured in This Episode: Cutting Through the Noise: Removing Distractions for Decision Making The Impact of Politics on Financial Planning: Navigating Market Trends Why Politics Should Stay Out of Your Portfolio