Dad Cents

This week's update comes to you from San Diego, CA! Jason chats with one of his analysts on this special edition of our monthly market update. You don't want to miss this one! 

Listen to our monthly market update for insights that may help inform your investment strategy! Dad Cents is a show for family men and women. We're all about family, food, fun, and finance! So, if you're looking to grow your financial future and easily manage your financial present, then you're in the right place.

Dad Cents has come a long way! We've been doing this for three years. Can you believe it? Jason is traveling in California this week, collaborating with other financial advisors. He aims to obtain additional knowledge to add value for his clients - folks like you! We're rewinding to our first episode, where Jason and his wife Amber talk about their adoption. Enjoy, and see you next week!  

Like it or not, taxes are a way of life. They fund great things like roads, libraries, and parks, but nobody wants to pay more than they absolutely have to. At Sage Path, we often get questions like, “How can I balance my tax obligations with my financial goals?” One possible option is a Roth IRA.
 
Roth IRAs are tax-advantaged retirement savings accounts that can be quite useful if you expect your tax obligations will rise as you get older. Because withdrawals from a Roth are tax-free, it’s an especially attractive option for high-earning households. 
 Unfortunately, the US tax code prohibits individuals or households from contributing to a Roth IRA if they earn over a certain annual income. 
 
But there IS a workaround (creatively known as a “backdoor Roth conversion” among tax and financial professionals). And that’s what Jason will cover in today’s episode. 

Some people approach buying a car like they approach marriage, “‘til death do us part.” Others prefer to keep their options open, trading in every few years for the latest make and model, the most cutting-edge technology, or the highest horsepower. 
 
Whichever describes you best, we all face a similar decision when acquiring a car: finance, lease, or pay cash.  From an investment perspective, which choice is best? Well, that’s what Jason will cover in today's episode. 

Nowadays, it’s pretty tricky to define a “traditional” family unit – they come in all shapes and sizes. Economic well-being for these households can often be challenging since the family’s needs fall on the shoulders of only one person. Usually, single parents may feel overwhelmed with paying expenses and managing debt. Even though budgets may feel stretched, financial planning can help single parents more effectively manage their many responsibilities (raising children, handling money, building financial security, and much more). Jason discusses financial planning tips for single parents.

Listen to our monthly market update for insights that may help inform your investment strategy! 

In an unpredictable economy marked by ongoing layoffs and inflation, women across all generations may feel that reaching their financial goals is a journey riddled with roadblocks. However, no matter the kinds of goals women have, the generations they belong to, or the personal situations they are in, women can reach these goals and achieve financial freedom.  

Some steps to get there are tried and true strategies that can help keep budgets and bills in shape. Others depend on sticking to plans and staying accountable. Jason shares steps to save money in 2023 and reach your financial goals.

Many misconceptions and gaps of knowledge about Social Security can prove costly. Today, Jason shares seven things that will help clarify those misconceptions and fill in those gaps. 

We have many excellent female listeners, so we will focus on women in March. Despite progress toward financial planning and saving, women often face challenges regarding their financial security that can impact their retirement investing and saving. 
 
Women need to recognize these barriers to saving and investing and prepare by making informed decisions for themselves. How? Jason shares six essential components to retirement readiness that can help you build a solid foundation as you prepare for retirement. 

You may wonder how the recent collapse of Silicon Valley Bank (SIVB) may impact your investments. Jason shares his thoughts in this special market update. 

Listen to our monthly market update to get insights that may help inform your investment strategy! 

You may have heard of or encountered the term financial literacy as you’ve learned how to navigate finance and make monetary decisions. In today's episode, Jason discusses what financial literacy means and how to achieve it. You know you’ve mastered financial literacy when you’re confident in making informed money decisions!

By the time you’ve reached your forties, you’ve usually hit your stride.  You’re finally established in your career with a couple of promotions under your belt.  If you’re married, you might have a couple of kids, maybe a house with a yard. If you’re single, you’ve got your space precisely how you like it, and you’ve probably figured out how to take lavish vacations. 
 
Forty is when most of us find out who we are and who we want to be, and it’s when we knuckle down to develop a plan to stay on our life’s path. Even when you’ve got it all mapped out, everyone can still benefit from some savvy financial advice. 
 
In today's episode, Jason shares with you Financial Tips for your 40s, simple, helpful ideas to help you make significant decisions in preparation for the rest of the life you’ve worked hard for so far.

Retirement has been portrayed as an ending, a grand exit from your years in the workplace. But we wonder, what are your dreams? What are your passions? What did you maybe not have time to do while you were working, taking care of your kids, and doing all those extracurriculars? What is your life's purpose? 

Maybe you'd like to continue working in retirement, part-time, full-time, or as a volunteer. In today's episode, Jason shares with you five benefits of working in retirement. 

Listen to our monthly market update to get insights that may help inform your investment strategy! 

Who out there is just as excited about taxes as we are? Clearly, we're being sarcastic. But, fewer things, they are more reliable than tax day, even if that deadline has shifted around a bit in recent years. This year, tax day is April 18th for most taxpayers. 

Recent legislation changes include substantial increases to standard deduction amounts, and the IRS has modified itemized deductions. In today's episode, Jason shares last-minute tips before tax time. 

And hey, we're happy to work with you and our tax professional to be sure your financial plan aligns with your tax strategy. So please don't hesitate to contact us. Thanks for listening!

Consider what you would like to do when you retire. If you can't picture it, Jason has a fantastic book that will help. Everyone has a unique vision of retirement that they want. You've been working hard, working diligently toward that day, and hopefully, you've already put some thought into your dream retirement scenario. 

Now is the perfect time to reassess and ensure your financial plan aligns with your goals (your dream retirement scenario). Today, Jason shares with you three financial tips for your sixties. He has six total, but you all are busy, and Jason won't share all of them. If you'd like to see the other three, call or email us, and we'd be happy to send them to you. No strings attached. Seriously.

When you think about important relationships in your life, you probably think of your family, your friends, maybe your work colleagues, and maybe your healthcare professionals, but do you think about your financial advisor?

Jason will share three learning opportunities to help you teach your kids and grandkids to be patient spenders early on and adopt sound money management skills. 

What if we told you that the most valuable legacy you can pass on to your kids and grandkids isn't an object, it's not money, but education about effectively managing money? 

Teaching valuable money skills while kids are young puts them at an advantage. And this is especially true when it comes time to create and live a sustainable lifestyle when they reach adulthood. Without it, any income or inheritance might as well be as good as gone. 

It's easy for young people to grasp the basics of how money in exchange for goods and services works, and you can do that through simple activities like the ones Jason lays out for you today. But it's just as easy for kids to pick up any bad money habits you have as well. 

Welcome to season four of Dad Cents! That's right; we've been doing this for three years. Can you believe it?! It started with our first episode, "Coronavirus and Cupcakes," Jason's favorite. If you haven't heard it, check it out!  

We've grown tremendously, and it's because of you all. We are so grateful that you take the time to listen to our show. Thank you so much! We've got an exciting season in store for you. We're pumped about this year, and 2023 will be a good one! 

Today Jason discusses how you can make 2023 your best year by setting financial resolutions.