Podcast
Retirement Planning - Money Not Math
Hosted by Drew Erickson · EN
I love to help people have more confidence in their financial future.
My mission is to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to 100 active clients or less at all times that I have a fiduciary responsibility to.
If you are interested in scheduling a 15-minute call to ask questions and determine if it might make sense for us to work together, please use this link to do so at your convenience, https://form.jotform.com/240425716309151
My core Values are Family, Faith, Finances, Fitness, Friends and Fun.
39episodes
Episodes
Newest firstAll episodes
Unlock Tax Savings: Top Deductions for Homeowners in Money Not Math Episode #157
Feb 3, 202500:02:39Tap to summarizeHello everyone! 🌟 In today’s Money Not Math episode #157, we review key tax deductions that can help you save money and make the most of your home investment. 🏡💰 I recently came across an insightful article on Yahoo Finance about tax deductions for homeowners, highlighting eight valuable deductions that can lower your income tax. Let's break them down: 1. Mortgage Interest Deduction: Deduct the interest paid on your mortgage if you itemize your deductions. 2. Interest on Home Equity Loans and HELOCs: Deductible if used to buy, build, or improve your home, within certain limits. 3. Discount Points: Prepaid interest points that can be deducted in the year you pay them or spread out over the life of the loan. 4. Property Taxes: Deduct the amount you pay in property taxes each year. 5. Home Office Deduction: Deduct a portion of your home office expenses, including mortgage interest, utilities, and HOA fees if you meet certain criteria. 6. HOA Fees: Generally not deductible, but exceptions exist if you rent out your property or use part of your home for business. 7. Home Improvements: Certain improvements can be deductible, especially if medically necessary or improve energy efficiency. These deductions can significantly impact your tax bill and help you save more for retirement. Be sure to consult with a tax professional to maximize your benefits. Even if you don’t itemize your tax deductions, tax planning around your retirement income is crucial for maximizing your income in retirement while minimizing your social security taxes and Medicare costs. Thanks for watching Money Not Math episode #157! If you found this video helpful, please share it with a friend or on your social media page, follow my page, comment with your thoughts or questions, or like this post to help me provide more value to more good people like you. Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your personal situation. Article Referenced: https://finance.yahoo.com/personal-finance/taxes/article/tax-deductions-for-homeowners-164247589.html #MoneyNotMath #TaxDeductions #HomeInvestment #SaveMoney #RetirementPlanning #Homeowners #TaxTips #FinancialAdvice #Podcast #Finance
Transcribe →Double Taxation on Social Security and How It May Hurt Your Retirement! 🗓️ 1.30.25 Retirement Planning Coffee Talk clip
Jan 30, 202500:00:59Tap to summarizeHere's a clip of, 🌟 Retirement Planning Insights: Watch or Listen Now! 🌟 Hey everyone! 🎥🎙️ I just recorded a video and podcast diving into some crucial retirement planning topics inspired by three insightful articles. Here's a sneak peek: 1. Double Taxation on Social Security: Many older Americans are feeling the pinch as Uncle Sam claws back their Social Security benefits. Learn how this "double taxation" impacts your retirement and what you can do about it. 2. Turbocharging Your Retirement Savings: Are you between 60 and 63? Discover how you can take advantage of "super catch-up" contributions to boost your retirement savings and secure your financial future. 3. Warren Buffett's Advice: Thinking about mimicking Warren Buffett's investment moves? Find out why this strategy might not be as foolproof as it seems and get tips on making smarter investment choices. 📺 Watch the full video or 🎧 listen to the podcast now to get the insights you need to make informed decisions for a comfortable retirement. Don't forget to like, share, and subscribe for more financial tips! Full Podcast: https://creators.spotify.com/pod/show/drew-erickson7/episodes/Double-Taxation-on-Social-Security-and-How-It-May-Hurt-Your-Retirement---1-30-25-Retirement-Planning-Coffee-Talk-e2u6s4i Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this is a live session, I may occasionally make a mistake. Articles Referenced: https://finance.yahoo.com/news/double-taxation-older-americans-increasingly-140800773.html https://www.morningstar.com/retirement/should-you-turbocharge-your-retirement-savings?utm_source=eloqua&utm_medium=email&utm_campaign=MorningDigest&utm_content=None_60327&utm_id=31161 https://finance.yahoo.com/news/warren-buffett-advice-people-trying-144516366.html?guccounter=1 #RetirementPlanning #FinancialFreedom #InvestSmart #SocialSecurity #WarrenBuffett #RetirementSavings #MoneyNotMath #5StoneFinancialGroup #Money #Retirement #EmptyNesters
Transcribe →Double Taxation on Social Security and How It May Hurt Your Retirement! 🗓️ 1.30.25 Retirement Planning Coffee Talk
Jan 30, 202500:30:24Tap to summarize🌟 Retirement Planning Insights: Watch or Listen Now! 🌟 Hey everyone! 🎥🎙️ I just recorded a video and podcast diving into some crucial retirement planning topics inspired by three insightful articles. Here's a sneak peek: 1. Double Taxation on Social Security: Many older Americans are feeling the pinch as Uncle Sam claws back their Social Security benefits. Learn how this "double taxation" impacts your retirement and what you can do about it. 2. Turbocharging Your Retirement Savings: Are you between 60 and 63? Discover how you can take advantage of "super catch-up" contributions to boost your retirement savings and secure your financial future. 3. Warren Buffett's Advice: Thinking about mimicking Warren Buffett's investment moves? Find out why this strategy might not be as foolproof as it seems and get tips on making smarter investment choices. 📺 Watch the full video or 🎧 listen to the podcast now to get the insights you need to make informed decisions for a comfortable retirement. Don't forget to like, share, and subscribe for more financial tips! Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this is a live session, I may occasionally make a mistake. Articles Referenced: https://finance.yahoo.com/news/double-taxation-older-americans-increasingly-140800773.html https://www.morningstar.com/retirement/should-you-turbocharge-your-retirement-savings?utm_source=eloqua&utm_medium=email&utm_campaign=MorningDigest&utm_content=None_60327&utm_id=31161 https://finance.yahoo.com/news/warren-buffett-advice-people-trying-144516366.html?guccounter=1 #RetirementPlanning #FinancialFreedom #InvestSmart #SocialSecurity #WarrenBuffett #RetirementSavings #MoneyNotMath #5StoneFinancialGroup #Money #Retirement #EmptyNesters
Transcribe →Ever wondered if 401(k) withdrawals before age 73 count toward your Required Minimum Distributions (RMDs)? 🤔 clip
Jan 27, 202500:00:57Tap to summarizeDid you know the government decides when you must start spending your 401(k) and IRA money in retirement? 🎙️ Welcome to Money Not Math 156! 🎙️ Tune in to learn more about: 🔹 RMD Essentials: Understand that taxes are only delayed, not avoided. 🔹 Strategies: Discover ways to delay or avoid RMDs. 🔹 Retirement Planning Tips: Get expert advice to secure your financial future. Don't miss out! Share this podcast with friends, comment with your questions and thoughts, like this post to help me provide value to more people, or contact me privately for a personalized retirement planning conversation. Full Podcast: https://creators.spotify.com/pod/show/drew-erickson7/episodes/Ever-wondered-if-401k-withdrawals-before-age-73-count-toward-your-Required-Minimum-Distributions-RMDs-e2u2aco Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional for your personal situation. #RetirementPlanning #401k #RMDs #FinancialAdvice #MoneyNotMath #Podcast #InvestSmart #SecureFuture #5StoneFinancialGroup Article referenced: https://finance.yahoo.com/news/401-k-withdrawals-turn-73-142043461.html
Transcribe →Ever wondered if 401(k) withdrawals before age 73 count toward your Required Minimum Distributions (RMDs)? 🤔
Jan 27, 202500:11:55Tap to summarizeEver wondered if 401(k) withdrawals before age 73 count toward your Required Minimum Distributions (RMDs)? 🤔 Did you know the government decides when you must start spending your 401(k) and IRA money in retirement? 🎙️ Welcome to Money Not Math 156! 🎙️ Tune in to learn more about: 🔹 RMD Essentials: Understand that taxes are only delayed, not avoided. 🔹 Strategies: Discover ways to delay or avoid RMDs. 🔹 Retirement Planning Tips: Get expert advice to secure your financial future. Don't miss out! Share this podcast with friends, comment with your questions and thoughts, like this post to help me provide value to more people, or contact me privately for a personalized retirement planning conversation. Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional for your personal situation. #RetirementPlanning #401k #RMDs #FinancialAdvice #MoneyNotMath #Podcast #InvestSmart #SecureFuture Article referenced: https://finance.yahoo.com/news/401-k-withdrawals-turn-73-142043461.html
Transcribe →What do people regret the most when they retire? 1.23.25 Retirement Planning Coffee Talk clip
Jan 23, 202500:00:57Tap to summarize“More than 8 in 10 workers over 45 regret not taking retirement saving more seriously when they were younger.” “More than half of those surveyed by EBRI retired earlier than expected due to reasons beyond their control, such as health problems or disability, or changes at their company, like downsizing, closure, or reorganization.” Only 19% of retirees have a written plan, she added. “But just because you’re already retired doesn’t mean you can’t do some retirement planning to know where you stand and give yourself a boost.” Full podcast: https://creators.spotify.com/pod/show/drew-erickson7/episodes/What-do-people-regret-the-most-when-they-retire--1-23-25-Retirement-Planning-Coffee-Talk-e2tsuvn Article referenced: https://finance.yahoo.com/news/what-do-people-regret-the-most-when-they-retire-143035482.html Here’s the link to schedule a call with me if you want to ask questions privately: https://outlook.office365.com/owa/calendar/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/bookings/s/ytXDEtRh0E-29mrENW6_Uw2 Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this is a live session, I may occasionally make a mistake. #RetirementPlanning #MoneyNotMath #EmptyNesters #5StoneFinancialGroup #Investing #Money #FinancialEducation #Retirement #Coffee
Transcribe →What do people regret the most when they retire? 1.23.25 Retirement Planning Coffee Talk
Jan 23, 202500:20:32Tap to summarizeWhat do people regret the most when they retire? 1.23.25 Retirement Planning Coffee Talk “More than 8 in 10 workers over 45 regret not taking retirement saving more seriously when they were younger.” “More than half of those surveyed by EBRI retired earlier than expected due to reasons beyond their control, such as health problems or disability, or changes at their company, like downsizing, closure, or reorganization.” Only 19% of retirees have a written plan, she added. “But just because you’re already retired doesn’t mean you can’t do some retirement planning to know where you stand and give yourself a boost.” Article referenced: https://finance.yahoo.com/news/what-do-people-regret-the-most-when-they-retire-143035482.html Here’s the link to schedule a call with me if you want to ask questions privately: https://outlook.office365.com/owa/calendar/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/bookings/s/ytXDEtRh0E-29mrENW6_Uw2 Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this is a live session, I may occasionally make a mistake. #RetirementPlanning #MoneyNotMath #EmptyNesters #5StoneFinancialGroup #Investing #Money #FinancialEducation #Retirement #Coffee
Transcribe →5 Mistakes to Avoid with Your Investment Portfolio | 1.16.25 Retirement Planning Coffee Talk ☕🎥🎙️clip
Jan 16, 202500:00:56Tap to summarizeIn our latest Coffee Talk video/podcast, we dive into smart retirement planning tips: 1. 5 Mistakes to Avoid with Your Investment Portfolio. 2. How inflation affects your stocks and bonds 📉🏦 3. 4 purchases keeping the middle class from retiring early 💡💰 Full podcast: https://creators.spotify.com/pod/show/drew-erickson7/episodes/5-Mistakes-to-Avoid-with-Your-Investment-Portfolio--1-16-25-Retirement-Planning-Coffee-Talk-e2tj8q1 Join us for these weekly Coffee Talks to connect and get valuable advice—even if you're not a client. Whether you join us on Facebook Live or drop by my office for a free coffee, there's no pressure to become a client. Feel free to message me directly if you prefer to ask questions privately. My mission is to provide high-quality advice and service to my 100 active clients, but I'm dedicated to sharing valuable information with as many people as possible through these Coffee Talks. 👉 Schedule a private call if you have questions! https://outlook.office365.com/owa/calendar/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/bookings/s/ytXDEtRh0E-29mrENW6_Uw2 Disclaimer: This content is not legal, tax, or investment advice. Consult a qualified professional regarding your own situation. Since this is a live session, I may occasionally make a mistake. Articles referenced: https://www.morningstar.com/portfolios/5-mistakes-avoid-with-your-investment-portfolio-2025?utm_source=eloqua&utm_medium=email&utm_campaign=MorningDigest&utm_content=None_60248&utm_id=31092 https://www.morningstar.com/markets/is-inflation-really-what-ails-stocks-bonds?utm_source=eloqua&utm_medium=email&utm_campaign=SmartInvestor&utm_content=None_60263&utm_id=31107 https://finance.yahoo.com/news/4-purchases-keeping-middle-class-140016805.html #RetirementPlanning #EmptyNesters #InvestmentTips #Inflation #EarlyRetirement #FinancialAdvice #Coffee
Transcribe →5 Mistakes to Avoid with Your Investment Portfolio | 1.16.25 Retirement Planning Coffee Talk ☕🎥🎙️
Jan 16, 202500:20:20Tap to summarizeIn our latest Coffee Talk video/podcast, we dive into smart retirement planning tips: 1. 5 Mistakes to Avoid with Your Investment Portfolio. 2. How inflation affects your stocks and bonds 📉🏦 3. 4 purchases keeping the middle class from retiring early 💡💰 Join us for these weekly Coffee Talks to connect and get valuable advice—even if you're not a client. Whether you join us on Facebook Live or drop by my office for a free coffee, there's no pressure to become a client. Feel free to message me directly if you prefer to ask questions privately. My mission is to provide high-quality advice and service to my 100 active clients, but I'm dedicated to sharing valuable information with as many people as possible through these Coffee Talks. 👉 Schedule a private call if you have questions! https://outlook.office365.com/owa/calendar/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/bookings/s/ytXDEtRh0E-29mrENW6_Uw2 Disclaimer: This content is not legal, tax, or investment advice. Consult a qualified professional regarding your own situation. Since this is a live session, I may occasionally make a mistake. Articles referenced: https://www.morningstar.com/portfolios/5-mistakes-avoid-with-your-investment-portfolio-2025?utm_source=eloqua&utm_medium=email&utm_campaign=MorningDigest&utm_content=None_60248&utm_id=31092 https://www.morningstar.com/markets/is-inflation-really-what-ails-stocks-bonds?utm_source=eloqua&utm_medium=email&utm_campaign=SmartInvestor&utm_content=None_60263&utm_id=31107 https://finance.yahoo.com/news/4-purchases-keeping-middle-class-140016805.html #RetirementPlanning #EmptyNesters #InvestmentTips #Inflation #EarlyRetirement #FinancialAdvice #Coffee
Transcribe →