Podcast
The Money Pig Podcast
Hosted by www.goodwininvestment.com · EN
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
22episodes
Episodes
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Is Your Financial Advisor Saving You Enough in Taxes?
1w ago00:26:37Tap to summarizeMaximize Your Tax Savings with Strategies You Need to KnowUnderstanding how to manage taxes efficiently is crucial to growing wealth—whether you're investing, planning for retirement, or managing distribution strategies. In this episode, Justin Pitcock shares actionable insights into tax loss harvesting, tax gain harvesting, and how sophisticated tools like SMAs can help you keep more of your money.In this episode:What is tax loss harvesting and how can it be automated in your investment strategyThe concept of tax gain harvesting and how to leverage your low-tax bracketsThe benefits of using Separately Managed Accounts (SMAs) for tax efficiencyHow to optimize your retirement distributions to avoid Medicare surcharges and maximize subsidiesPractical examples illustrating how these strategies can save you thousands annuallyKey Insights and TakeawaysTax loss harvesting involves selling investments at a loss to offset gains, with the ability to carry losses forward indefinitely—this requires intentional management, not just luck.The wash sale rule disallows repurchasing the same or substantially similar investments within 30 days to preserve tax-loss benefits, but strategic proxies (like ETFs) can be used effectively.Tax gain harvesting makes sense when your realized gains are within your 0% capital gains tax bracket, particularly for retirees. It’s about turning gains into tax-free opportunities.Unpackaged stock holdings through SMAs unlock more tax loss harvesting in diversified portfolios, especially when individual securities fluctuate independently.Using SMAs, including long-short strategies like AQR, can potentially increase tax loss harvesting opportunities by 30% or more during volatile markets.An intentional distribution strategy can reduce Medicare IRMA surcharges and maximize Obamacare subsidies—by carefully managing withdrawals from taxable and tax-advantaged accounts.Goodwin Investment Tax Planning Services https://www.goodwininvestment.com/services/tax-planningAdditional Resources:https://www.goodwininvestment.com/10-pro-tax-planning-tips-for-early-retirees-w-justin-pitcock-part-1/https://www.goodwininvestment.com/10-pro-tax-planning-tips-for-early-retirees-w-justin-pitcock-part-2/ For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →You Don’t Need More Advice — You Need This
1w ago00:22:18Tap to summarizeWhy Human Behavior and Accountability Drive Lasting ChangeIn this episode of the Money PIG podcast, co-hosts Tim Goodwin and Joe Beckford explore why information alone is insufficient for driving change, especially in finance and personal habits. They delve into the importance of accountability, trust, and behavioral psychology as the true catalysts for sustainable transformation.Key insights include the understanding that human resistance to change is often due to the path of least resistance and the lure of immediate gratification. Information can be overwhelming and dull, which diminishes motivation to act. However, sharing goals with trusted individuals creates accountability and increases commitment. External expectations, such as those from a spouse or mentor, can make change less painful by applying social pressure.The episode highlights that humans are more motivated by pain avoidance than pleasure, and accountability taps into this tendency. Thoughtful, slow decision-making fosters better long-term habits, and successful clients often possess a "how" mindset—willing to learn, adapt, and collaborate. Regular financial check-ins with significant others and accountability partners are emphasized as crucial for strengthening results. The hosts also note that the most resilient investment accounts are those left untouched, underscoring the power of patience and gradual change. Real change involves a mindset shift from "fire" to "aim," with deliberate reflection.Resources & Links:The Psychology of Money by Morgan HouselGoodwin Investment AdvisorsSchedule a ConsultationAdditional Resources:https://www.goodwininvestment.com/lessons-learned-from-people-20-years-ahead-of-you/https://www.goodwininvestment.com/book-recommendations-and-life-advice-with-dale-alexander-part-2/ https://www.goodwininvestment.com/why-ai-isnt-your-life-coach-the-power-of-real-mentors/ For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →Why AI isn't Your Life Coach
1w ago00:17:25Tap to summarizeIn this episode, we explore the limitations of AI as a life coach and highlight the irreplaceable value of human mentorship. While AI tools like ChatGPT can assist with decision-making and emotional regulation, they lack the depth of understanding, empathy, and accountability that come from real relationships. Discover why genuine mentors are crucial for personal growth, decision clarity, and long-term success.Key topics:The practical use of AI for navigating conversations and emotional responsesWhy AI cannot replace the emotional intelligence of mentors or therapistsThe critical role of human mentors in providing context, accountability, and personalized adviceHow trusted guides influence decision-making and long-term goalsThe risks of relying solely on AI for personal and relational developmentHow technology can complement, but not substitute, human connection and wisdomResources & Links:Book: The Gift of Mentoring by Malcolm S. Knowles — For insights on mentoring relationshipsHow to Build Trust and Influence Mentors — Article on cultivating meaningful mentorshipDave Ramsey — Financial mentorship inspirationThe Power of Human Mentors — Harvard Business Review piece on mentorship importanceConnect with Tim & Joe:Tim Goodwin - LinkedInJoe Beckford - LinkedInIn a world increasingly powered by AI, remember that human connection, experience, and wisdom remain the foundation of meaningful growth. Use technology to assist, but never replace the mentors who truly see and understand you.Additional Resources:https://www.goodwininvestment.com/why-ai-isnt-your-life-coach-the-power-of-real-mentors/https://www.goodwininvestment.com/white-water-rafting-guides-are-like-good-financial-advisors/ https://www.goodwininvestment.com/get-your-end-of-the-year-planning-guide/ For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia To learn more about the benefits and services we offer click here.
Transcribe →You’re Not Behind — You’re Just Playing the Wrong Financial Game
1w ago00:24:33Tap to summarizeIn Episode 112 of the Money PIG Podcast presented by Goodwin Investment Advisory, Tim Goodwin is joined by his newly promoted co-host Joe Beckford. This episode blends practical wisdom with a friendly, approachable tone as they explore the quiet financial costs that can sneak up on high-net-worth families if planning is left on autopilotRather than focusing on market predictions, Tim and Joe encourage listeners to be intentional in 2026 by paying attention to patterns, missed opportunities, and the cost of waiting. In this episode, they coverWhy missed planning opportunities can quietly cost more than market swingsCommonly overlooked strategies like Roth conversions, backdoor Roths, and QCDs (qualified charitable distributions).How giving appreciated securities or using a donor-advised fund can be more effective than giving cashWhere money often leaks out through taxes, disorganization, and unaligned advisorsWhy your financial advisor, CPA, and estate attorney need to work togetherHow assumptions about last year can lead to surprises in the next oneThe real cost of waiting includes penalties, missed tax savings, and outdated estate documentsOne key area to review in 2026 is the different tax types your money is invested in and why having a mix matters. The big takeawayBe intentional, not accidental. Have a plan, update it often, and do not do it alone. Resources and next steps:Blog Post: How Financial Planning Can Help you Reach Your Long-Term GoalsBlog Post: Things You Didn’t Know a Financial Advisor Could Do For YouPodcast: Things You Didn’t Know a Financial Advisor Could Do For YouFor personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →What Could Cost You More Than You Expect in 2026
1w ago00:26:25Tap to summarizeMoney PIG Podcast Episode 111What could cost you more than you expect in 2026In Episode 111 of the Money PIG Podcast, host Tim Goodwin and co-host Joe Beckford talk about the “quiet costs” that can sneak up on high net worth families in 2026 — not from the market, but from missed planning, unaligned professionals, and waiting too long to act. Their core message: be intentional, not accidental with your financial decisions.They walk through common planning opportunities people often miss, like Roth conversions, backdoor Roth contributions, Qualified Charitable Distributions (QCDs), and more strategic charitable giving using donor-advised funds and appreciated securities instead of cash. They also explain how money “leaks” out through tax drag and simple oversights — like not telling your CPA about a QCD, or creating a trust but never actually funding it.A major theme is how costly assumptions can be. Many people expect the next year to look like the last, but Tim and Joe remind listeners that change is the only constant — especially when laws and tax rules shift. They discuss how proactive planning helps families adapt rather than react.They also highlight the cost of waiting: procrastinating on estate documents, delaying estimated tax payments, or putting off strategic adjustments can lead to real penalties, missed opportunities, and long-term tax consequences.To close, they encourage listeners to review one key area in 2026: the tax “types” of your money. If most of your wealth is concentrated in pre-tax accounts like 401(k)s, it may be time to intentionally build a healthier mix of Roth (tax-free), after-tax, and pre-tax assets — creating more flexibility and tax control in retirement.Bottom line: Don’t do this alone. Coordinate your advisor, CPA, and estate attorney, keep your plan updated, and revisit your “why” so your money supports the life you actually want to live.Resources and next steps:Podcast: Things we do not recommend and why, Part IPodcast: Things we do not recommend and why, Part II Like, subscribe, and enjoy the episode? Leave us a review if this resonated with you!For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →The Real Cost of Divorce and Why You Don’t Have to Face It Alone
1w ago00:21:39Tap to summarizeEpisode 110: The Real Cost of Divorce — And Why You Don’t Have to Face It Alone(The Financial Side of Divorce—Because Someone Has to Talk About It)Divorce carries costs far beyond legal fees and spreadsheets. In this episode, we talk openly about the emotional and financial weight people carry—but rarely say out loud—after a major life transition. From the fear of “Is it too late for me?” to the quiet shame of “I don’t even know what I’m entitled to,” this conversation is designed to normalize uncertainty and offer reassurance to anyone feeling overwhelmed, behind, or unsure where to begin.Our advisors share what they see every day: how common it is for one spouse to have handled the finances, why that’s nothing to be ashamed of, and how rebuilding doesn’t start with knowing everything—it starts with having a calm, trusted guide. This episode is about slowing decisions down, creating clarity without panic, and helping people move from fear to confidence, one step at a time. Because rebuilding after divorce isn’t about perfection—it’s about support, perspective, and peace.Resources & Next StepsDownload our divorce planning checklist/guideSchedule a conversation with Joe, who has guided countless individuals through the financial side of divorceAdditional support for women navigating divorce: You don’t have to do this alone—and you don’t have to have it all figured out to take the first step.For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia. Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here. Enjoy the episode?Subscribe, share it, and leave us a review on Apple, Spotify, or Buzzsprout! Like, subscribe, and leave us a review on YouTube if this resonated with you!
Transcribe →Lessons learned from people 20 years ahead of you
2w ago00:29:38Tap to summarizeIn this episode of the Money PIG Podcast, host Tim Goodwin (https://www.goodwininvestment.com/team-profiles/tim-goodwin/) sits down with Joe Beckford (https://www.goodwininvestment.com/team-profiles/joe-beckford/) to explore one of the most clarifying questions in financial planning: What do people who are 20 years ahead of you wish they had done sooner? Drawing from nearly 15 years as a financial advisor, Joe shares a recurring theme he hears from retirees who have both financial stability and inner peace: don’t sweat the small stuff—by getting the small stuff handled early. In other words, when debt, cash flow, saving, taxes, and planning are organized, people are freed up to focus on what actually matters most—purpose, relationships, legacy, meaningful experiences, travel, and time with the people they love.Joe and Tim unpack the habits they consistently see in retirees who feel calm and confident: living below their means, avoiding unnecessary debt, and regularly reassessing what truly brings happiness (not just what looks impressive). They also address the most common regret Joe hears from people in their 60s and 70s: working too long and not retiring sooner. Often, this is because health or energy didn’t cooperate when the retirement they meticulously planned for finally arrived. The encouragement for younger listeners is simple but powerful: make smart choices now so you can move your retirement date up—and protect your freedom while you still have your time and health.The episode closes with two practical takeaways: avoid debt whenever possible (because it makes life harder to “weather storms”), and pursue the passions and work that genuinely matter to you—because life is too short to stay stuck in something that drains your relationships, health, and joy. Joe also recommends Die With Zero (https://www.diewithzerobook.com/welcome) and Choosing to Cheat (Andy Stanley) (https://www.amazon.com/Choosing-Cheat-Wins-Family-Collide/dp/1590523296) , and Tim shares how listeners can learn more or schedule a short introductory call (https://www.goodwininvestment.com/contact/) at Goodwin Investment Advisory.If you’d like more insight, read this blog post: https://www.goodwininvestment.com/the-talk-on-money/For personalized financial guidance, schedule an intro call (https://www.goodwininvestment.com/contact/) with our team at Goodwin Investment Advisory in Woodstock, Georgia (https://www.goodwininvestment.com/financial-advisor-woodstock-ga/) . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here (https://www.goodwininvestment.com/services-and-benefits/) .
Transcribe →Episode #113 - Why AI Isn't Your Life Coach.
Apr 1400:17:24Tap to summarizeWhy AI Isn't Your Life Coach — The Power of Real Mentors. In this episode, we explore the limitations of AI as a life coach and highlight the irreplaceable value of human mentorship. While AI tools like ChatGPT can assist with decision-making and emotional regulation, they lack the depth of understanding, empathy, and accountability that come from real relationships. Discover why genuine mentors are crucial for personal growth, decision clarity, and long-term success.Key topics:The practical use of AI for navigating conversations and emotional responsesWhy AI cannot replace the emotional intelligence of mentors or therapistsThe critical role of human mentors in providing context, accountability, and personalized adviceHow trusted guides influence decision-making and long-term goalsThe risks of relying solely on AI for personal and relational developmentHow technology can complement, but not substitute, human connection and wisdomConnect with Tim & Joe:Tim Goodwin - LinkedInJoe Beckford - LinkedInIn a world increasingly powered by AI, remember that human connection, experience, and wisdom remain the foundation of meaningful growth. Use technology to assist, but never replace the mentors who truly see and understand you.Additional Resources:https://www.goodwininvestment.com/why-ai-isnt-your-life-coach-the-power-of-real-mentors/https://www.goodwininvestment.com/white-water-rafting-guides-are-like-good-financial-advisors/ https://www.goodwininvestment.com/get-your-end-of-the-year-planning-guide/ Host Bio’sJoe https://www.goodwininvestment.com/team-profiles/joe-beckford/Tim https://www.goodwininvestment.com/team-profiles/tim-goodwin/ Enjoy the episode?Subscribe, share it, and leave us a review on Apple, Spotify, or Buzzsprout!Like, subscribe, and leave us a review on YouTube if this resonated with you!For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →Episode #112 You’re Not Behind — You’re Just Playing the Wrong Financial Game
Mar 3100:24:26Tap to summarizeEpisode 112: What could cost you more than you expect in 2026In Episode 112 of the Money PIG Podcast presented by Goodwin Investment Advisory, Tim Goodwin is joined by his newly promoted co-host Joe Beckford. This episode blends practical wisdom with a friendly, approachable tone as they explore the quiet financial costs that can sneak up on high-net-worth families if planning is left on autopilotRather than focusing on market predictions, Tim and Joe encourage listeners to be intentional in 2026 by paying attention to patterns, missed opportunities, and the cost of waiting. In this episode, they coverWhy missed planning opportunities can quietly cost more than market swingsCommonly overlooked strategies like Roth conversions, backdoor Roths, and QCDs (qualified charitable distributions).How giving appreciated securities or using a donor-advised fund can be more effective than giving cashWhere money often leaks out through taxes, disorganization, and unaligned advisorsWhy your financial advisor, CPA, and estate attorney need to work togetherHow assumptions about last year can lead to surprises in the next oneThe real cost of waiting includes penalties, missed tax savings, and outdated estate documentsOne key area to review in 2026 is the different tax types your money is invested in and why having a mix matters. The big takeawayBe intentional, not accidental. Have a plan, update it often, and do not do it alone. Resources and next steps:Blog Post: How Financial Planning Can Help you Reach Your Long-Term GoalsBlog Post: Things You Didn’t Know a Financial Advisor Could Do For YouPodcast: Things You Didn’t Know a Financial Advisor Could Do For YouEnjoy the episode?Subscribe, share it, and leave us a review on Apple, Spotify, or Buzzsprout!For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →Episode #111 What Could Cost You More Than You Expect in 2026
Mar 1700:25:29Tap to summarizeIn Episode 111 of the Money PIG Podcast, host Tim Goodwin and co-host Joe Beckford talk about the “quiet costs” that can sneak up on high net worth families in 2026 — not from the market, but from missed planning, unaligned professionals, and waiting too long to act. Their core message: be intentional, not accidental with your financial decisions.They walk through common planning opportunities people often miss, like Roth conversions, backdoor Roth contributions, Qualified Charitable Distributions (QCDs), and more strategic charitable giving using donor-advised funds and appreciated securities instead of cash. They also explain how money “leaks” out through tax drag and simple oversights — like not telling your CPA about a QCD, or creating a trust but never actually funding it.A major theme is how costly assumptions can be. Many people expect the next year to look like the last, but Tim and Joe remind listeners that change is the only constant — especially when laws and tax rules shift. They discuss how proactive planning helps families adapt rather than react.They also highlight the cost of waiting: procrastinating on estate documents, delaying estimated tax payments, or putting off strategic adjustments can lead to real penalties, missed opportunities, and long-term tax consequences.To close, they encourage listeners to review one key area in 2026: the tax “types” of your money. If most of your wealth is concentrated in pre-tax accounts like 401(k)s, it may be time to intentionally build a healthier mix of Roth (tax-free), after-tax, and pre-tax assets — creating more flexibility and tax control in retirement.Bottom line: Don’t do this alone. Coordinate your advisor, CPA, and estate attorney, keep your plan updated, and revisit your “why” so your money supports the life you actually want to live.Resources and next steps:Podcast: Things we do not recommend and why, Part IPodcast: Things we do not recommend and why, Part II Like, subscribe, and enjoy the episode? Leave us a review if this resonated with you!For personalized financial guidance, schedule an intro call with our team at Goodwin Investment Advisory in Woodstock, Georgia . Our CFP® professionals can provide advice and help you navigate how to invest your wealth and plan for your retirement. We’d love to help you live out your legacy! To learn more about the benefits and services we offer click here.
Transcribe →