Episodes

  • #37 Tax Gains Harvesting: Explained, Strategies, and Financial Advantages

    #37 Tax Gains Harvesting: Explained, Strategies, and Financial Advantages
    Sep 10 2024

    Send us a text

    Can managing your tax liabilities now save you thousands in the future? This week on the Fiscal Physical Podcast, we're joined by Ryan Nelson, the founder of Alchemy Wealth Management, to uncover the strategic world of tax gains harvesting. Ryan breaks down how this often-overlooked tactic can be a game-changer, particularly if you anticipate rising tax rates ahead. Using the example of a married couple with an $80,000 income, he illustrates how they could potentially realize $14,000 in long-term capital gains tax-free. It's all about making smart financial moves today to safeguard your wealth tomorrow, and Ryan’s insights make this complex topic accessible and actionable.

    But it’s not all about numbers and tax codes. We also get personal, exploring those moments that make us feel like we've truly "made it." Ryan reflects on his own journey, sharing how a series of small victories led to his success as a financial advisor. Meanwhile, our co-host offers a heartwarming story about the life-changing moment when his son finally started sleeping through the night. These milestones, both professional and personal, remind us of the varied paths to fulfillment. We wrap up by inviting you, our listeners, to share your own stories and questions, ensuring that your voices shape the future of our podcast. Don’t miss this enriching blend of financial wisdom and personal triumphs!

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
    Show more Show less
    16 mins
  • #36 Tax Loss Harvesting: What It Is, How It Works, and Benefits for Investors

    #36 Tax Loss Harvesting: What It Is, How It Works, and Benefits for Investors
    Sep 3 2024

    Send us a text

    What if you could save a significant amount on your taxes simply by managing your investments more strategically? On this week's episode of the Fiscal Physical Podcast, we welcome Ryan Nelson, founder of Alchemy Wealth Management, to enlighten us about tax loss harvesting—a powerful tool that can help reduce your tax liabilities. Ryan unpacks the strategy of selling underperforming stocks to offset gains from profitable ones, ultimately leading to a net zero gain and no tax liability. He also shares actionable tips on how excess losses can be rolled over to offset ordinary income, making this episode a must-listen for anyone looking to optimize their financial portfolio.

    But it's not all about finances; there's a heartwarming and humorous twist to the episode as Ryan reveals the charming story of how he met his fiancée, Katie, at a charity dodgeball tournament. Enjoy the laughter and competitive spirit as we recount their first encounter and draw parallels to my own story of meeting my wife in a bowling league. We conclude with a heartfelt thank you to all our listeners, a reminder to stay committed to your financial journey, and an invitation to subscribe, leave a rating, and share your thoughts and questions for future episodes.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
    Show more Show less
    16 mins
  • #35 Inverted Yield Curves: What Inversion Means, How It Happens, and Its Economic Implications

    #35 Inverted Yield Curves: What Inversion Means, How It Happens, and Its Economic Implications
    Aug 27 2024

    Send us a text

    Can an inverted yield curve truly predict a recession? This week on the Fiscal Physical Podcast, we address one of the most debated topics in economics with clarity and insight. We kick things off with a recap of last week’s discussion on yield curves before diving deep into the phenomenon of inverted yield curves. Using concrete examples of bond interest rates, we dismantle the common misconceptions surrounding this economic indicator and clarify its actual significance. While an inverted yield curve is often highlighted as a harbinger of economic downturns, we explain why it should not be treated as the sole predictor of a recession. We also break down what constitutes a recession, emphasizing that it is a complex interplay of various economic factors.

    Then, we shift focus to the art of time management with expert advice from Ryan Nelson. Ryan reveals his method of time blocking, a strategy that transforms chaotic schedules into organized and productive days. By breaking tasks into manageable segments and utilizing tools like Google Calendar, Ryan shows how anyone can maximize their efficiency and maintain balance in both professional and personal spheres. As we conclude the episode, we remind our listeners to subscribe, leave reviews, and explore the wealth of resources available on Alchemy Wealth Management's website. Don’t miss out on Ryan's book, "Your Fiscal Physical," now available on Amazon. Tune in every Tuesday and remember, stay the course!

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
    Show more Show less
    22 mins
  • #34 Yield Curves: Understanding Yield Curves, Their Functions, and Implications for Investors

    #34 Yield Curves: Understanding Yield Curves, Their Functions, and Implications for Investors
    Aug 20 2024

    Send us a text

    Unlock the secrets of the yield curve with financial expert Ryan Nelson, founder of Alchemy Wealth Management and author of "Your Fiscal Physical." Ever wondered why the yield curve is such a hot topic among investors and economists? This episode will clear up the confusion, presenting the yield curve as a straightforward graphical representation of interest rates over different time periods. Learn how equal credit quality helps ensure a fair comparison, and discover why yield curves are often associated with U.S. Treasuries. Ryan breaks down these complex ideas into easy-to-grasp concepts that will forever change how you view the financial landscape.

    In our discussion, we delve into where to find the most reliable yield curve data, with a special focus on the U.S. Department of Treasury's daily updates. Ryan also walks us through what a normal yield curve looks like and what it signifies for investors. Plus, we get into the nitty-gritty of yield curve inversions and what they could mean for future interest rates. Whether you're a seasoned investor or just starting, this episode is packed with invaluable insights that will enhance your financial literacy and investment strategies. Join us for an essential guide to mastering the yield curve and making more informed investment decisions.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
    Show more Show less
    16 mins
  • #33 - The 4% Rule: What is the 4% Rule, who should follow it, and what are the advantages vs risks?

    #33 - The 4% Rule: What is the 4% Rule, who should follow it, and what are the advantages vs risks?
    Aug 13 2024

    Send us a text

    Can you really retire without ever running out of money? Discover the magic behind the 4% rule, a fundamental concept in retirement planning, that's stood the test of time since its inception by Bill Benjen. This episode unpacks the origins and practical uses of the 4% rule, transforming it from a mere withdrawal strategy for retirees into a powerful tool for pre-retirees aiming to set realistic savings goals. We dive into the historical context, analyzing its development and effectiveness even during severe market downturns, ensuring you have all the insights to make informed decisions.

    Ever wondered how much you need to save monthly to hit your retirement target? We break down the numbers for you, illustrating with examples like saving $2,510 a month to amass $5 million over 36 years. This knowledge empowers you to critically evaluate financial products and advice, making you less vulnerable to misleading pitches and more confident in your retirement planning. By promoting self-awareness and financial literacy, we arm you with the tools to navigate your financial journey with clarity and confidence.

    Lastly, we underscore how financial education can significantly impact your long-term goals. For example, understanding the 4% rule can help a 30-year-old make smarter financial decisions, like evaluating the implications of purchasing a new car on their retirement plans. As we wrap up, we extend our heartfelt thanks to our loyal listeners and invite you to subscribe, rate, and review our podcast. Remember, our advice is for informational purposes only and should not be taken as personalized financial advice. Stay informed, stay proactive, and continue your journey towards financial empowerment with the Fiscal Physical Podcast.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
    Show more Show less
    25 mins
  • #32 - The Rule of 72: What is it, and how can you use it?

    #32 - The Rule of 72: What is it, and how can you use it?
    Aug 6 2024

    Send us a text

    Can you really double your investment by simply knowing a single number? On this week's Fiscal Physical Podcast, we unravel the mysteries of the Rule of 72 – a surprisingly straightforward tool that helps you estimate how long it will take for your investments to double, based on the annual rate of return. Last week we tackled the complexities of compound interest, and now we build on that foundation, showing you how a 7.2% return can transform $100,000 into approximately $800,000 over 30 years. This episode is a must-listen for anyone looking to make sense of investment growth without getting bogged down in complicated math.

    But it’s not all about numbers. We also explore personal finance strategies that contribute to a balanced, stress-free lifestyle. From asset allocation to risk assessment, we highlight the importance of calculating your portfolio's rate of return accurately, using a general 7% return as a benchmark while emphasizing the need for professional guidance. Plus, Ryan Nelson and I share our personal relaxation techniques, from exercise and healthy eating to maintaining consistent sleep schedules. Reflect on your own habits and find solace as we merge financial wisdom with well-being advice. Tune in for a holistic approach to financial planning and personal health.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
    Show more Show less
    15 mins
  • #31 - Compound Interest: What is Compound Interest, how does it works, and how does it compare to simple interest?

    #31 - Compound Interest: What is Compound Interest, how does it works, and how does it compare to simple interest?
    Jul 30 2024

    Send us a text

    Unlock the secrets to financial growth with Ryan Nelson, founder of Alchemy Wealth Management and author of "Your Fiscal Physical." Ryan breaks down the concept of compound interest through straightforward examples, like how a $10,000 investment at a 10% return can snowball into significant wealth over time. By tuning in, you'll gain a foundational understanding of how compound interest works and why it's a game-changer for long-term financial planning and investment strategies.

    We'll also dive into the compelling comparison of two hypothetical investors, Ben and Joey, showcasing the monumental benefits of starting early. Ryan shares nuggets of wisdom from Albert Einstein, who famously called compound interest the "eighth wonder of the world." On a more personal note, we reflect on our proudest accomplishments and even have some fun with trivia about Warren Buffett's incredible net worth. This episode is packed with valuable insights and practical tips to help you master financial literacy and harness the power of compound interest.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
    Show more Show less
    27 mins
  • #30 - Time in the Market vs. Timing of the Market: Which is more impactful for your long term investing goals?

    #30 - Time in the Market vs. Timing of the Market: Which is more impactful for your long term investing goals?
    Jul 23 2024

    Send us a text

    Staying invested over the long haul isn't just smart—it's essential. This episode breaks down the critical difference between "time in the market" versus "timing the market" through a fascinating case study from Charles Schwab. Meet Peter Perfect, Ashley Action, Rosie Rotten, and Larry Linger—four hypothetical investors whose outcomes over 20 years reveal that consistent investing frequently outperforms even the best-timed trades.

    Using real historical data from the S&P 500 between 2002 and 2022, we highlight the surprising reality that the difference between perfect and terrible market timing is smaller than you might think. Larry's decision to keep his money in cash serves as a cautionary tale, illustrating the significant opportunity cost of not being invested at all. Through these examples, we underscore a crucial point: the power of staying the course and keeping your money in the market.

    For a lighter twist, we share our dream dinner guests—an eclectic mix that spans history, science, and comedy. Imagine the insights from Benjamin Franklin, the humor of Will Ferrell, or the cosmic perspectives of Neil deGrasse Tyson. While considering practical aspects like language barriers and the meal itself, we reflect on the unique contributions these figures would bring to the table. Wrapping up, we remind you that personal finance is deeply personal and encourage consulting with qualified professionals for tailored advice. Join us as we express our gratitude for your engagement and urge you to stay committed to your financial journey.

    Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk

    If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com

    And, as always, STAY THE COURSE!
    Show more Show less
    24 mins