Michael and Brady break down the first 30 days after losing your job, teaching you how to protect your cash flow, navigate health insurance changes, and make smart decisions about benefits, severance, and retirement accounts. You’ll learn what belongs in your financial “survival kit,” how to avoid emotionally driven mistakes, and how to uncover unexpected silver linings hidden inside uncertainty. Whether you’ve been laid off, feel vulnerable in a shifting economy, or simply want to build stronger preparedness, this episode gives you the mindset and tools to stay grounded, strategic, and financially fortified. Key Timestamps:(00:00) – Why job loss preparation matters(03:00) – Building your financial “survival kit”(06:00) – Emotion vs. strategy in financial decisions(10:00) – Emergency funds and when to use them(15:00) – Understanding insurance and benefit changes(18:00) – COBRA, marketplace, and spousal coverage(21:00) – The danger of relying solely on employer benefits(27:00) – Handling stock options, vesting, and loans(29:00) – Using SLOCs, HELOCs, and other tools(31:00) – Roth opportunities in low-income yearsKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Expert Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High Income, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, Job Loss Planning, Financial Survival Kit, Managing Cash Flow During Layoffs, Health Insurance After Job Loss, Roth Conversion OpportunitiesMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. Michael Acosta is
Michael and Brady discuss one of the most overlooked but high-impact parts of your estate plan: your beneficiary designations. Even the most carefully written will can be overridden simply because the beneficiary forms were never updated. They break down the real-life consequences families face when designations are missing, outdated, or mismatched and explain how assets can pass through probate, trusts, or direct assignment. You’ll learn the five most common beneficiary mistakes, how to avoid them, and what steps to take this week to ensure your intentions are honored, your loved ones are protected, and your legacy is transferred smoothly. This is a reminder that small details today can eliminate massive headaches later. Key Timestamps:(00:00) - Why Beneficiary Designations Matter(03:00) - How Assets Transfer After Death(05:00) - Understanding Probate and Why to Avoid It(09:00) - Privacy in Estate Planning: Probate vs. Trusts(13:00) - Mistake 1: Not Naming a Beneficiary(18:00) - Mistake 2: Ignoring Special Circumstances(23:00) - Mistake 3: Not Updating Beneficiaries After Life Changes(27:00) - Mistake 4: Errors and Inaccuracies in Beneficiary Information(29:00) - Mistake 5: Failing to Coordinate Beneficiaries with Your Estate Plan(33:00) - SummaryKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Expert Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High Income, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, Estate Planning Mistakes, Beneficiary Designation Tips, How To Avoid Probate, Retirement Account, Beneficiaries, Protecting Family WealthMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracoThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your...
Michael and Brady sit down with Daniel Catone, founder and CEO of Arimathea Investments, to explore how faith, purpose, and finances can coexist in powerful harmony. Together, they unpack the essence of values-based investing and how Catholic social teaching can serve as a moral compass for building wealth with integrity. Daniel shares his journey from secular finance to faith-driven leadership, revealing how true stewardship means aligning every dollar with divine purpose, without sacrificing performance. This conversation challenges listeners to rethink wealth, not as an end, but as a sacred responsibility to serve others and glorify God through intentional investing. Key Timestamps:(00:00) - Defining Values Based Investing(10:00) - ESG vs Catholic Approach(18:00) - Educating Clients Faithfully(22:00) - Catholic Social Teaching Framework(28:00) - Authenticity in Faith Finance(33:00) - Advocacy and Ethical Engagement(37:00) - Performance and Stewardship(44:00) - Guidance for Catholic Families(50:00) - Behavioral Finance and FaithKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Expert Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High Income, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, Values-Based Investing, Catholic Social Teaching, Faith-Driven Finance, Ethical Wealth Management, Arimathea InvestmentsMentions:Guest’s Website: https://www.arimatheainvesting.com/ Guest’s LinkedIn: https://www.linkedin.com/in/drcatone Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax,...
Michael and Brady provide a comprehensive guide on navigating employee benefits and retirement planning during open enrollment. Key topics include the differentiation of healthcare plans like HMOs and PPOs and the strategic use of Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) to maximize tax advantages. The episode also covers the importance of short-term and long-term disability insurance, particularly for maternity leave, the benefits and limitations of group life insurance, and strategic retirement saving. Discussions extend to maximizing employer matches in retirement plans, the considerations between Roth and pre-tax IRAs based on tax brackets, and utilizing legal benefits through employer-provided plans.Key Takeaways:• What factors should you consider when choosing between different types of healthcare plans during open enrollment?• How can enrolling in tax-advantaged accounts like FSAs and HSAs benefit you financially in the short and long term?• What are the essential employee benefits to prioritize during open enrollment, and how can you maximize their advantages?Key Timestamps:(00:00) - Understanding Open Enrollment(03:15) - Types of Benefits and Considerations(05:12) - Triggering Life Events and Adjustments(06:21) - Core vs. Ancillary Benefits(07:29) - Medical Insurance Options(15:52) - Flexible Spending Accounts (FSA) vs. Health Savings Accounts (HSA)(18:44) - Understanding HSA Tax Benefits(24:38) - The Importance of Disability Insurance(26:51) - Group Life Insurance Considerations(30:17) - Retirement Plan Options and Strategies(35:31) - Leveraging Legal BenefitsKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, financial wellness, wealth building, financial psychology, financial advisor, finance therapist, student loan debt, finance guidance for high earners, business owner financesMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaContribution Limits: https://www.fidelity.com/learning-center/smart-money/hsa-contribution-limitsThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or (INSERT DBA or AGENCY NAME) and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. Michael Acosta is a Registered Representative and...
Michael and Brady dive deep into the Roth Waterfall, a practical framework for deciding how and when to use Roth IRAs and Roth 401(k)s. They unpack the real differences between these two powerful retirement tools, explain income thresholds, and reveal strategies for maximizing tax-free growth. Whether you’re a new saver, seasoned investor, or high earner trying to optimize long-term wealth, this episode delivers clarity on how to structure your savings for both flexibility and future freedom.Key Timestamps:(00:00) - Defining Roth Accounts(04:00) - The Power Of Tax-Free Growth(07:00) - Comparing IRA And 401k(10:00) - Employer Match Explained(12:00) - Roth IRA Flexibility(15:00) - Balancing Savings Buckets(17:00) - Income Phase-Out Limits(21:00) - Understanding Backdoor RothsKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Expert Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High IncomeMoney, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, Roth IRA strategy, Backdoor Roth ExplainedMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. Michael Acosta is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 6115 PARK SOUTH DRIVE, SUITE 200, CHARLOTTE NC, 28210, 704-5528507. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. Genesis Wealth Planning is not an affiliate or...
Michael and Brady break down everything you need to know about 529 plans: the education savings tool that parents, grandparents, and families often hear about but rarely understand in full. They reveal how these plans work, the tax advantages, common pitfalls, and strategies to maximize flexibility without jeopardizing retirement goals. Whether you’re saving for your child’s first semester or thinking long-term for your grandkids, this episode arms you with the clarity and confidence to make smart financial decisions about higher education.Key Timestamps:(00:00) - What is a 529 plan?(04:00) - Tax advantages and triple benefits(07:00) - FAFSA and financial aid considerations(10:00) - Risks, penalties, and inflexibility(13:00) - Strategic uses and family planning(16:00) - In-state vs. out-of-state costs(20:00) - Building a flexible financial plan(25:00) - Tuition projections and realistic funding(28:00) - Investment strategies inside 529 plans(30:00) - Secure Act 2.0 and Roth conversion benefitsKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Expert Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High IncomeMoney, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, 529 college savings, Education tax benefits, FAFSA planning, Retirement vs college savings, Secure Act 2.0Mentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaUNC Chapel Hill Cost Breakdown (2024)Secure Act 2.0: 529 to Roth IRA Conversion Rules FAFSA Asset Assessment Rates by Account TypeThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis...
Michael and Brady sit down with powerhouse family law attorney Sabreena Barboza to uncover the often-overlooked financial consequences of separation. From understanding the difference between marital and separate property to navigating business valuations, debt division, child support, and alimony, this conversation is a must-listen for anyone facing or considering divorce. Whether you're a high-earning professional, a business owner, or simply want to protect your financial future, Sabreena delivers the legal clarity and practical steps you need to prepare, plan, and move forward with confidence.Key Timestamps:(00:00) - Debt, secrecy, and financial infidelity(04:00) - Communication and joint money management(05:00) - Sentiment around debt and marriage(08:00) - Types of divorce clients and complexity by age(11:00) - Marital vs. separate property explained(15:00) - Homemaker vs. working spouse considerations(16:00) - Qualified Domestic Relations Orders (QDROs)(20:00) - Divorce impact on business partners(24:00) - Alimony, cash flow, and income disparities(27:00) - Equalization of income in long-term marriages(32:00) - Child support calculators and tax implications(39:00) - Cost, time, and emotional toll of divorce(43:00) - When the court rejects unfair agreements(46:00) - Prenuptial and postnuptial agreementsKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Expert Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High IncomeMoney, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, Divorce financial planning, Business valuation in divorce, Marital vs separate property, Alimony and child support laws, Debt division in divorceMentions:Sabreena’s Website: https://www.sbarbozalaw.com/ Sabreena’s LinkedIn: https://www.linkedin.com/in/sabreena-barboza-815959168 Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaArticle:
What does it really mean to feel wealthy? Michael and Brady dive into the emotional side of money, exploring why so many high earners still feel financially insecure despite their income and assets. Sparked by Charles Schwab’s latest Modern Wealth Report, the hosts unpack the surprising disconnect between being rich and feeling wealthy, challenge the popular $2.6 million "retirement number," and reveal how mindset, behavior, and personal values shape true financial contentment. Whether you’re approaching retirement or simply wondering if you're on track, this episode will shift how you think about money, fulfillment, and the power of intentional planning.Key Timestamps:(00:00) - The $2.6 million “wealthy” number explained(03:00) - Emotional math vs. bank account balance(06:00) - Feeling rich vs. feeling wealthy(08:00) - Redefining wealth: health, relationships, and happiness(10:00) - Permission to spend: emotional barriers to enjoying money(13:00) - Coaching clients to redefine retirement goals(16:00) - Accumulation vs. decumulation phases(18:00) - Lifestyle choices, debt, and financial independence(21:00) - Better questions to ask your financial advisor(28:00) - Principal and interest vs. 4% withdrawal strategyKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Expert Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High IncomeMoney, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, Feel wealthy vs. be wealthy, Charles Schwab Modern Wealth Report, Financial independence mindset, Retirement planning strategies, Emotional side of moneyMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaArticle: https://www.thinkadvisor.com/2025/07/09/heres-how-much-money-it-takes-to-feel-wealthy-schwab/This podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed...
Michael and Brady break down the essential financial roadmap every new resident, fellow, or newly attending physician needs. From managing lifestyle creep and student loan strategy to protecting your most valuable asset, your ability to earn, this episode is the guide you wish you had straight out of med school. Whether you're transitioning from medical school to residency or residency to attending, this conversation offers a clear, actionable framework to help you build wealth with confidence, clarity, and control. If you're a medical professional ready to take charge of your financial future, this one’s for you.Key Timestamps:(00:00) - Transitioning from medical school to residency(03:05) - Jumping from residency to attending salary(04:54) - Three common financial profiles of new physicians(07:00) - Salary ranges by specialty and geography(08:55) - Lifestyle creep and financial risks(12:20) - Starting with a cash flow analysis(13:45) - Leveraging your early income for wealth building(15:27) - Dangers of overindulgence after residency(17:10) - Hidden risks despite high attending salaries(18:20) - De-risking your balance sheet(20:35) - Unique risk factors for medical professionals(25:55) - Understanding tiers of liquidity(30:12) - Physician burnout and optionality(31:50) - Planning to live debt-free(35:22) - Income-driven repayment and PSLF strategy(39:05) - Strategic payoff vs. emotional payoff(41:20) - Prioritizing toxic debt in financial triage(45:33) - New student loan legislation highlightsKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Expert Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High IncomeMoney, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, Financial planning for physicians, Student loan strategies for doctors, Transitioning from residency to attending, Physician wealth building tips, Medical professional financial adviceMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when...
When life throws an unexpected curveball, job loss, medical crisis, or the AC goes out in the middle of July, will your finances strike out or stand strong? Michael and Brady break down the often-overlooked cornerstone of a resilient financial plan: your emergency fund, or as they call it, your "life events fund." From smart strategies for building liquidity to leveraging backup tools like credit lines and Roth IRAs, they reveal how to turn chaos into control. With real-life client stories, actionable frameworks, and powerful analogies, this episode is your playbook for weathering the financial storms that will come. Prepare today so tomorrow doesn’t catch you off guard. Key Timestamps:(00:00) - Why investors and high earners need liquidity(10:00) - Life events fund vs. emergency fund(15:00) - Liquidity backups: credit cards, HELOCs, Roth IRAs(19:00) - 401(k) loans and accessing retirement funds(22:00) - Budgeting vs. transferring risk(24:00) - Disability and job loss planning with insurance(27:00) - DIY planning and the value of decision trees(29:00) - Cash flow chaos plans and budget cuts(31:00) - Coordinating planning with your partnerKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Expert Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High Income Money, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford AnythingMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaNerdWallet’s Best Savings Accounts: https://www.nerdwallet.com/best/banking/savings-accounts?msockid=3ddb198c15df6ab502ef0a8914486b41Where Should My Next Dollar Go?: https://drive.google.com/file/d/1ovF3AEiq63aXgiDo5MqzXqYkM4LATOso/view?usp=drive_linkThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest...
Forget everything you thought you knew about annuities. Michael and Brady unpack the modern annuity revolution, how today’s annuities have evolved from the high-fee, complex products of the past into strategic financial tools designed to reduce retirement anxiety and boost income certainty. From personal pensions to market-buffered investment strategies, they explore the real-world applications and common misconceptions surrounding annuities. Whether you're decades away from retirement or planning to exit the workforce soon, this episode delivers critical insights to help you confidently build a purpose-driven retirement income plan.Key Timestamps:(00:00) - The decline of pensions and rise of 401(k)s(09:00) - Employer vs. employee retirement risk(11:00) - Emotional benefits of guaranteed income(15:00) - What exactly is an annuity?(21:00) - When income-focused annuities make sense(23:00) - Growth-focused annuities for young investors(25:00) - The role of registered index-linked annuities (RILAs)(32:00) - RILAs vs. traditional fixed income(38:00) - Replacing income gaps with personal pensions(45:00) - Balancing investment and insurance strategiesKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, Modern annuities explained, Retirement income strategies, Guaranteed lifetime income, Personal pension planning, Annuities vs 401(k) comparisonMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. Michael Acosta is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 6115 PARK SOUTH DRIVE, SUITE 200, CHARLOTTE NC, 28210, 704-5528507. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. Genesis Wealth Planning is not an affiliate or subsidiary of PAS...
Michael and Brady dive into one of the most misunderstood yet increasingly leveraged financial tools for high earners and investors, the Securities-Backed Line of Credit (SBLOC). Is it a smart strategy to unlock liquidity without triggering taxes, or a risky move that could backfire in volatile markets? Whether you’re navigating emergency funding, eyeing a new investment opportunity, or building a financial moat around your wealth, this episode breaks down everything you need to know about SBLOCs — how they work, when to use them, the risks involved, and how to make them a powerful piece of your planning arsenal. Don't miss this insightful conversation designed to help you think smarter about accessing capital while keeping your portfolio intact.Key Timestamps:(00:00) - What is a Securities-Backed Line of Credit?(03:00) - Comparison to a Home Equity Line of Credit (HELOC)(06:00) - Key differences in setup: HELOC vs. SBLOC(10:00) - Tax implications and investment preservation(12:00) - Preserving portfolio value with SBLOC(14:00) - Impact of portfolio growth on line of credit(16:00) - Risks of withdrawing during down markets(21:00) - SOFR rate and tiered interest costs(23:00) - Strategic planning for loans and purchases(25:00) - Using SBLOCs during market downturns(26:00) - Protecting against emotional investing(29:00) - When to consult an advisor or CPAKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, Securities-Backed Line of Credit, SBLOC investment strategy, Tax-efficient borrowing, Portfolio-backed lending, Liquidity without selling assetsMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. Michael Acosta is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 6115 PARK SOUTH DRIVE, SUITE 200, CHARLOTTE NC, 28210, 704-5528507. Securities products and advisory...
Michael and Brady dive headfirst into one of the most debated financial decisions of our time: renting vs. buying. With candid personal stories, professional insight, and a side-by-side breakdown of the emotional and mathematical realities, they unpack what truly makes sense for young professionals, growing families, and everyone caught in the housing dilemma. Whether you're saving for your first down payment or wondering if you missed the boat, this episode delivers clarity, strategy, and perspective you won’t want to miss.Key Timestamps:(00:00) - Michael’s first home purchase story(05:00) - Emotional and financial motivations for buying(07:00) - Turning a home into an income-generating asset(09:00) - Hidden costs and discomfort of first-year ownership(13:00) - Brady’s experience and reasons for renting(18:00) - Challenges of saving while renting(22:00) - Market conditions, timing, and lifestyle alignment(26:00) - Charlotte housing market appreciation stats(31:00) - Rent vs. buy cost analysis setup(39:00) - Comparing net worth: equity vs. liquidity(44:00) - What renters must do to keep pace financially(48:00) - Roommate strategy to reduce mortgage burden(51:00) - Generational differences in housing mindsetKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, Renting vs Buying a Home, Homeownership Financial Planning, Real Estate Investment Strategy, First-Time Home Buyer Advice, Building Wealth Through Real EstateMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaRent vs. Buy Calculator: https://www.nerdwallet.com/calculator/rent-vs-buy-calculator This podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. Michael Acosta is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 6115 PARK SOUTH...
Michael and Brady confront a challenge many retirees face but few openly talk about: when peace of mind outweighs the numbers on a spreadsheet. Is your aging car a financial liability or an emotional burden? Should you stretch your budget for a reliable vehicle, even if the math says “wait”? Together, Michael and Brady unpack the emotional crossroads where safety, lifestyle, and financial planning collide. You'll hear real client scenarios, practical tools to evaluate your options, and why a sound income plan gives you the freedom to say “yes” to what truly matters—even when the numbers don’t line up perfectly. Whether you’re retired, approaching retirement, or simply value peace of mind over perfect math, this episode will reshape the way you think about big-ticket decisions.Key Timestamps:(00:00) - Purpose-driven decisions and emotional bias(07:00) - Collecting key data before making a purchase(10:00) - Defining what you want in your next car(12:00) - Financing options and the role of interest rates(14:00) - The importance of flexibility in retirement income plans(17:00) - Balancing emotional comfort with financial impact(20:00) - How a solid income plan supports confident decisionsKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford Anything, buying a car in retirement, new car on fixed income, should I buy a new car, retirement car buying guide, car purchase decision making, financial planning for retireesMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. Michael Acosta is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 6115 PARK SOUTH DRIVE, SUITE 200, CHARLOTTE NC, 28210, 704-5528507. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian....
Michael and Brady dig deep into a paradox affecting a generation: Millennials and Gen Z are planning their finances more than ever, yet still feel financially stuck. If you’ve ever felt like you’re checking all the boxes—budgeting, saving, investing—but still can’t shake the feeling of falling behind, this episode is for you. It’s not just about numbers—it’s about perspective, purpose, and progress. This isn’t your parents’ financial playbook, and that’s exactly why you need a new approach. Key Takeaways:• Why do younger Americans feel financially behind despite taking more proactive steps with their money?• How have rising costs, shifting responsibilities, and social comparisons reshaped what financial success looks like today?• What mindset and planning strategies can help Millennials and Gen Z find clarity, reduce stress, and build lasting financial momentum? Key Timestamps:(00:00) - Gen Z and Millennials: DIY financial planning trends(05:00) - Major stressors: housing, student loans, and rising costs(10:00) - Behavioral finance and anxiety-driven decision-making(13:00) - Wage growth vs. cost of living: the uphill financial battle(16:00) - Retirement savings shift: from pensions to 401(k)s(19:00) - Rethinking the “standard” financial script(22:00) - How to set goals that actually fit your life(24:00) - The role of liquidity and flexibility in your financial plan(27:00) - Why working with a coach or advisor makes a difference(33:00) - Climbing the financial mountain: accumulation vs. decumulation Key Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Stock Market Crashes, Millennial Financial Planning, Gen Z Money Struggles, Overcoming Financial Stress, Building Financial Confidence, Modern Financial Goals Strategy Mentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracosta This podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. Michael Acosta is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 6115 PARK SOUTH...
Are your Restricted Stock Units (RSUs) helping you build wealth—or holding you back? Michael and Brady break down one of the most misunderstood components of a high-income professional’s compensation package: RSUs. From tax implications and diversification strategies to avoiding lifestyle creep and planning with purpose, this episode gives you the tools to turn stock awards into long-term financial security. Whether you're new to RSUs or looking to sharpen your strategy, you’ll walk away with actionable insights to level up your wealth-building game. This episode is a must-listen for anyone receiving equity compensation and wanting to build extraordinary wealth with clarity and confidence.Key Takeaways:• How can professionals strategically manage RSUs to align with their short- and long-term financial goals?• What are the key tax implications of RSUs, and how can you plan ahead to avoid surprises?• Why is it important to diversify RSU holdings, and what are the risks of overconcentration in company stock?Key Timestamps:(00:00) - What are RSUs(02:00) - Excitement and risks of RSUs(04:00) - Vesting and phantom value explained(07:00) - Risks of changing employers(08:00) - Tax implications when RSUs vest(09:00) - Why companies prefer RSUs over bonuses(16:00) - Planning around estimated taxes and W-4(17:00) - Options after receiving vested shares(23:00) - Emotional bias and loyalty to company stock(24:00) - Goals-based decisions and opportunity cost(25:00) - Periodic sales and tax considerations(26:00) - Aligning RSUs with short- and long-term goals(28:00) - Plan rules and trading restrictions(31:00) - Risk of holding too much company stock Key Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Stock Market Crashes, Millennial Financial Planning, Gen Z Money Struggles, Overcoming Financial Stress, Building Financial Confidence, Modern Financial Goals Strategy, Restricted Stock Units, RSU tax strategies, tech compensation planning, RSU investment tips, maximizing RSU benefitsMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal,...
Market corrections can be unsettling, but for savvy investors, they also unlock powerful planning opportunities. In this eye-opening episode, Michael and Brady break down why a down market might be the perfect time to consider a Roth conversion. Learn how converting pre-tax retirement savings to Roth during a downturn can reduce your tax liability and supercharge your future tax-free growth. Discover who should consider this strategy, the key tax traps to avoid, and why coordination with your financial and tax professionals is critical. Whether you're years away from retirement or already taking distributions, this timely discussion could help you turn market lemons into long-term tax-free lemonade. If you're serious about proactive tax planning and wealth building—even in volatile times—this is an episode you won’t want to miss. Key Takeaways:• Why is a market downturn a strategic time to consider a Roth conversion?• What key tax and income considerations should be reviewed before making a Roth move?• Who stands to benefit most from Roth conversions, and how can professionals help guide the decision? Key Timestamps:(00:00) – The Psychology of a Pullback & Planning Ahead(03:00) – Beyond “Hold the Line”: Turning Volatility Into Strategy(04:30) – What is a Roth Conversion?(06:00) – The Long-Term Tax-Free Growth Advantage(08:30) – Roth vs. Traditional in Retirement(10:00) – Why Down Markets Can Mean Lower Tax Bills(13:00) – Who Should Consider Roth Conversions?(15:00) – Key Tax Considerations & Common Pitfalls(18:00) – Avoiding Mistakes: Timing, Income, and Liquidity(21:00) – Who to Involve: Advisors, CPAs, and Your Spouse(23:00) – Executing Smartly Key Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Stock Market Crashes, Millennial Financial Planning, Gen Z Money Struggles, Overcoming Financial Stress, Building Financial Confidence, Modern Financial Goals Strategy, roth conversion during market downturn, tax planning strategies 2025, retirement planning in volatile markets, roth IRA vs traditional IRA, financial advisor tax strategies Mentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracosta This podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal,...
Michael and Brady dive into the rapidly shifting landscape of federal student loans — and why now is the time to pay attention. From the return of online applications at studentaid.gov to the major legal uncertainty around the SAVE plan, we unpack what borrowers need to do today to stay on track. Whether you're navigating income-driven repayment, thinking about loan consolidation, or just trying to avoid costly mistakes during tax season, this episode gives you clear insights and action steps. You'll learn how to choose between PSLF and time-based forgiveness — why your 2024 tax return could make or break your student loan payment — what happens if popular repayment plans like SAVE, PAYE, or ICR disappear — how to take control in a confusing, lawsuit-laden loan environment. Confused? Overwhelmed? You’re not alone — but you don’t have to be unprepared. Tune in to feel empowered, not paralyzed.Key Takeaways:• What recent legal and administrative developments have impacted the availability and structure of federal student loan repayment plans?• How can borrowers use tax filing strategies to potentially reduce their monthly student loan payments?• What are the differences in impact between public service loan forgiveness and time-based forgiveness amid ongoing changes in loan policy?Key Timestamps:(00:00) - Recent Developments in Student Loans(05:00) - Impact on Borrowers(09:00) - Where We Stand Now(12:00) - Why Borrowers May Want to Act Now(15:00) - Tax Filing and Loan Strategy(20:00) - Extension Strategy(22:00) - Married Couple (Resident + Working Spouse)(25:00) - Number Crunching: SAVE vs IBR(30:00) - Long-Term Planning OutlookKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Stock Market Crashes, Millennial Financial Planning, Gen Z Money Struggles, Overcoming Financial Stress, Building Financial Confidence, Modern Financial Goals Strategy, Federal Student Loan Forgiveness 2025, Income-Driven Repayment Plan Updates, SAVE Plan Lawsuit and Implications, Student Loan Tax Strategy 2024, PSLF Buyback Program ExplainedMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and...
The stock market has been a wild ride lately, and if your emotions are following every twist and turn, you're not alone. Market swings can be nerve-wracking, but staying level-headed is the key to long-term success. In this episode, Michael and Brady break down exactly what market volatility means for your investments, no matter where you are in your financial journey. Whether you're just starting out, mid-career, or closing in on retirement, this episode will help you navigate turbulent markets with confidence. From smart portfolio strategies to opportunities hidden in the chaos, we’re turning uncertainty into action. Don't let fear drive your financial future! Tune in to hear expert insights, practical advice, and a refreshing perspective on why staying the course could be your best move yet. Grab your coffee (or something stronger), and let’s dive in! Key Takeaways:• How should investors approach market volatility based on their stage in the financial journey (accumulation vs. retirement)?• What strategies can help mitigate risks and take advantage of market downturns, such as rebalancing and tax-efficient investing?• Why is it important to focus on long-term investing and avoid making emotional decisions based on short-term market fluctuations?Key Timestamps:(00:00) – Market Fluctuations and Emotions(03:00) – Market Volatility for Beginner Investors(04:00) – Buying Market Dips(07:00) – Historical S&P 500 Performance(08:00) – Positive vs. Negative Years(12:00) – Impact on Retirees(15:00) – Wade Pfau’s Research(18:00) – Retirement Allocations(21:00) – Short vs. Long-Term Outlooks(23:00) – 2025 Market Outlook(24:00) – DiversificationKey Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Stock Market Crashes, Millennial Financial Planning, Gen Z Money Struggles, Overcoming Financial Stress, Building Financial Confidence, Modern Financial Goals Strategy, rebalancing your portfolio, tax efficient strategies., The Rewards of Long-Term Investing, Franklin Templeton, S&P 500, Wade Pfau, market downturns, volatile market, Glide Path StrategyMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide...
Retirement—it's the finish line we're all running toward, but how do you know if you're actually on track? Michael and Brady break down the key questions you need to ask yourself, the common pitfalls to avoid, and the real numbers behind what it takes to retire comfortably. Whether you're in your 20s just starting to save, in your 40s navigating peak earning years, or approaching retirement and wondering if you have enough, this episode is packed with actionable insights to help you plan with confidence. Plus, they debunk the fear-inducing retirement calculators and offer a fresh, realistic approach to building your financial future. If you've ever felt overwhelmed by retirement planning, don't worry—you’re not alone. Tune in as Michael and Brady humanize the process, providing practical steps and guidance to ensure you’re building financial fortitude for your future.Key Takeaways:• How can individuals assess whether they are on track for retirement based on their age, savings, and lifestyle needs?• Why is focusing on income and cash flow in retirement more important than simply accumulating assets?• What key financial milestones should individuals aim for in each decade of their working years to ensure a secure retirement?Key Timestamps: (00:00) - The importance of retirement planning and why it matters at any stage of life. (03:00) - Regional differences in retirement expectations and how they impact planning. (05:00) - Common questions people ask about their retirement readiness. (06:00) - Key factors: Monthly spending and income as primary indicators. (09:00) - Case study: A mid-30s professional with $500K in assets – is he on track? (11:00) - The impact of inflation and why future expenses will be higher. (13:00) - The importance of saving 20% of income and the challenges of peak earning years. (15:00) - Benchmarks: How much should you have saved by different ages? (18:00) - How guaranteed income sources (Social Security, pensions) affect retirement planning. (20:00) - Different financial situations: A high-net-worth client vs. a frugal retiree. (23:00) - The journey up the mountain (accumulation) vs. the journey down (distribution). (27:00) - Risks in retirement and why flexibility is key.Key Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Stock Market Crashes, Millennial Financial Planning, Gen Z Money Struggles, Overcoming Financial Stress, Building Financial Confidence, Modern Financial Goals Strategy, retirement planning, savings rate, investment strategy, retirement needs analysis, income replacement, wealth accumulation, financial securityMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracostaThis podcast is for informational purposes only and is not to be...