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The Money Pig Podcast

Author: www.goodwininvestment.com

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The Money/Financial PIG Podcast brought to you by Goodwin Investment Advisory where our Mission is to lead people to Financial Peace, Independence and Generosity.
 https://www.goodwininvestment.com

66 Episodes
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Episode 64 - How Much Money is enough to Retire?In the podcast episode titled "Money Pig Podcast Episode 64," hosted by Reid Trego and Justin Pitcock from Goodwin Investment Advisory, several key topics related to retirement and financial planning were discussed. The episode began with an introduction and welcome, followed by an exploration of different cultural perspectives on retirement and the transition from wealth accumulation to spending it. The hosts introduced the FIRE (Financial Inde...
Episode 63 - Is renting a home a terrible idea in the current economy?DescriptionIn this episode of the Money Pig Podcast by Goodwin Investment Advisory, the team delved into the current housing market conditions, highlighting the high 7% mortgage interest rates and limited market inventory. Ray Brown discussed essential financial factors, emphasizing the necessity of having a substantial down payment and keeping mortgage payments under 25% of gross income. The conversation also explored the ...
Episode 63 - REBOOT! Pensions - Why are they so complicatedGoodwin Investment Advisory Certified Financial Planner™ PROFESSIONAL, Justin Pitcock, joins The Money Pig Podcast to discuss Pensions - “Why are they so complicated?”Should you take a lump sum payout or the annuitized payments?What are your options for your pension?How can you leave a financial legacy for your heirs?Do you need someone to help you decide how to navigate whether to take a lump sum payout or monthly payments for your p...
Episode 62DescriptionMoney PIG Podcast host Reid Trego was joined by Justin Pitcock to duscuss the topic of Health Savings Accounts (HSAs), outlining their importance, benefits, tax advantages, eligibility criteria, investment strategies, and their role in retirement planning. Key points included the triple tax advantage of HSAs, contribution limits, investment options, Medicare premium usage, reimbursement for medical expenses, and strategic planning for HSA usage. Attendees were advised on ...
Episode 61 - When Should I start taking Social Security?DescriptionThe Money Pig podcast discussed Social Security retirement benefits with Reid Trego and Justin Pitcock, highlighting the importance of determining when to start taking benefits. Concerns were raised about a potential 20% reduction by 2034 due to financial challenges. Strategic planning based on factors like age, health, marital status, and income sources was emphasized to optimize benefits.Complexities of Social Security taxat...
Episode 60 - Should I convert my IRA to a Roth?DescriptionMoney PIG host Reid Trego was joined by financial advisor Justin Pitcock to discuss the benefits of Roth conversions, focusing on potential high RMDs in retirement, tax-free growth, and managing Social Security income taxation. The discussion showed that converting traditional accounts to Roth can help avoid high RMDs later on and provide withdrawal flexibility, considering different types of money (taxable, tax-deferred, and Roth) bas...
Episode 59 - How much money do I need in my emergency fund?DescriptionThe recent episode featuring Joe Beckford, a distinguished CERTIFIED FINANCIAL PLANNER™ Professional, shared the critical importance of establishing emergency funds to safeguard against unforeseen circumstances such as car accidents or home damages. It was underscored that these funds should ideally cover three to six months' worth of expenses, contingent upon individual circumstances.During the discussion, participan...
Episode 59 - When should I hire a Financial Advisor?GIA Founder Tim Goodwin, CFP®, joins the Money PIG Podcast to talk about when people need to hire a Financial Advisor? Learn about SINKs, DINKs and HENRYs Are you wondering, “When can I retire?” Will I have enough money to retire comfortably? How do I determine the best time to retire? Is there anything else I should know or be doing to better prepare myself and my family for retirement? Are you frustrated with your curr...
Episode 58 - What do I do with my 401k when I leave my job?DescriptionThe meeting with Reid Trego and financial planner Joe Beckford discussed a listener question from a woman handling her husband's $28,000 employer-sponsored 401k upon job departure. They stressed not leaving money with an old employer and highlighted options like rolling over into a new plan or opening IRAs for pre-tax and Roth contributions. They explained retirement plans such as 401k, advising against cashing out for spec...
Episode 19 - How much is TOO much to pay for Taylor Swift tickets?The Money Pig podcast discusses, “How much is too much to spend on Taylor Swift tickets,” with Wealth Advisor Ray Brown. Reid Trego and Ray explore the topic of spending money on recreational activities and hobbies, such as concerts and travel, and when it's responsible to do so. The conversation covers budgeting for fun while also prioritizing saving and giving. The hosts share personal examples, including planning their honey...
REBOOT - How do I make a career transition?GIA Certified Financial Planner candidate Ray Brown joins The Money Pig Podcast to discuss how to make a career transition.How do I make a career transition?Can I afford to change jobs?What is the Donkey Kong ladder jump?Do you need someone to help you decide if you are in a position to make a career transition? If you would like to connect with an advisor on our wealth management team please schedule a free intro call here.The Money PIG ...
Episode 55 - FIVE COMMON MISTAKES PEOPLE MAKE WITH THEIR FINANCES.DescriptionHost Reid Trego, and Financial Planner Joe Beckford discuss a listener question from a woman handling her husband's $28,000 employer-sponsored 401k upon job departure. They stressed not leaving money with an old employer and highlighted options like rolling over your old employer 401k into a new plan or opening IRAs for pre-tax and Roth contributions. They explained retirement plans such as 401k, advising...
Retire on Purpose!

Retire on Purpose!

2024-03-1820:16

Episode 54DescriptionThe Retire by Design program aims to address retirement fears and challenges, emphasizing financial security, health care costs, inflation worries, and market volatility. It offers personalized planning with a retirement consultant. Additionally, the program focuses on non-financial issues like social isolation, loss of identity, and finding meaning in retirement.Retire by Design participants discussed the importance of intentional pre-retirement preparation to ensure a s...
Episode 53 - What Couples Talk About When They Talk About MoneyDescriptionMoney PIG Host, Reid Trego is joined by Tim and Maureen Goodwin for insights on discussing finances within couples, focusing on security, stress reduction, and emotional considerations. They emphasized the impact of past experiences on present financial attitudes and the importance of open communication to prevent conflicts and foster trust. Key points included avoiding consumer debt, maintaining an emergency fund for p...
Episode 52Happy Anniversary - 20 Years of Goodwin Investment Advisory in Woodstock, GAhttps://moneypig.buzzsprout.com/2136084/14624032-happy-anniversary-20-years-of-goodwin-investment-advisoryThe Money Pig podcast celebrates Goodwin Investment Advisory’s 20-year anniversary guiding clients to financial peace, independence, and generosity. The host, Reid Trego, welcomes President and Founder of GIA, Tim Goodwin, to discuss the history of Goodwin Investment Advisory and their journe...
Episode 4Certified Financial Planner™ PROFESSIONAL, Joe Beckford, joins The Money Pig Podcast to answer the question: What is a fiduciary and why does that matter?What does it mean to be a fiduciary?. What is a fiduciary? And, why should you make sure your advisor is one?To us at Goodwin Investment Advisory, a fiduciary means you as the client are put first and foremost. The advisor has an integral obligation to make financial decisions and recommendations that are in your best int...
Episode 50 - Reboot - Re-Introducing Goodwin Investment AdvisoryGoodwin Investment Advisory founder and President, Tim Goodwin, CFP® joins the Money PIG Podcast to talk about why, when, and how GIA was founded.What is compound interest?When was Goodwin Investment Advisory founded?What is the Goodlife Pyramid?What is Maslow’s Hierarchy of Needs?Download our Investor’s guide to your right-fit advisor, or download Tim’s free book, Exponential Wealth. If you want to schedule an appointment ...
Episode 49 - How to pay off your student loans with Ray BrownDescriptionRay Brown, an advisor at Goodwin Investment Advisory, joins host Reid Trego on the Money Pig podcast to discuss paying off student loans. Ray shares his personal experience of successfully paying off his own student loans and offers advice on how to tackle student loan debt. They emphasize the importance of avoiding excessive debt in the first place by exploring alternative options like scholarships and grants. However, i...
Episode 48 - Things we do NOT recommend (Part 2)DescriptionReid Trego welcomes Justin Pitcock back for part two of the podcast. They discuss what they do not recommend in terms of financial investments, such as annuities, whole life cryptocurrency, and buying gold. Justin explains that while these options might have some merit in certain circumstances, they are often overhyped by ads and salespeople. They also caution listeners about the risks and scams associated with investing in cryptocurr...
Episode 47DescriptionThe Money PIG Podcast host, Reid Trego, and CERTIFIED FINANCIAL PLANNER™ professional Justin Pitcock to discuss things that they do not recommend in terms of investments. They specifically focus on annuities and whole life insurance. They explain that annuities can be appropriate for certain individuals, such as widows who are concerned about running out of money in retirement. However, they caution against annuities for most people, as salespeople often push ...
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