Today’s Smart Money Question:
(Click the featured times below to jump forward in the episode)
Here Are Just A Handful Of Things You’ll Learn:
A client came into the office recently and told us about an article he read in a financial publication. In it, they suggested going to your financial advisor and asking them how they invest their money.
It made a lot of sense. You work with an advisor to grow your money, but rarely do you get to see how they are investing their money. Do the two strategies line up?
That got us thinking about transparency, so we decided to pull back the curtain on this episode of Smart Money Questions. Let’s take a comprehensive look at how we manage all of our assets for the three businesses we run. Everything we discuss on this podcast each month is applied to our own accounts as well.
You’ll find out about our emergency funds, both personal and business, tax planning, health savings accounts, our after-tax brokerage investments, legal documents, and more. Even if you aren’t a business owner or don’t have as many accounts to manage, we hope this look at how we operate financially will help you see that we believe in everything we talk about on this podcast and in our offices.
Check out the show and utilize the timestamps below to skip ahead to a specific topic in the show.
0:34 – What we’re doing on today’s show.
1:10 – In the news: Local Pennsylvania couple facing a felony charge after spending more than $100,000 that was accidentally deposited into their bank account.
1:59 – This came up in my office recently from a client: I read an article that suggested I ask my advisor what they invest in.
2:47 – So today, I want to go through this question and discuss everything we are involved with in our office.
5:56 – Where is our emergency fund.
6:44 – Our tax money is also sitting in another bank account.
7:17 – We also have money invested in our three companies.
8:54 – Let’s talk about investable assets. First our Health Savings Account.
10:55 – Maggie and I also put money away into an after-tax brokerage account that is invested in the same funds that I advise clients to invest in.
13:01 – We have established a company 401k plan, both traditional and Roth.
15:27 – After investable assets, here’s what else we have. Our legal documents are in place and recently updated.
18:18 – On a quarterly basis, we review the financials of each firm.
18:56 – Looking at tax-planning opportunities as well.
19:58 – This is a look at what we’re doing and how we’re doing it.
21:23 – You might not be a business owner but hopefully you can get a better idea of what you should be considering.
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The host: Matt Hausman – Contact – Resources – Call: 610-719-3003
