Episodes

  • #40 Securing Your Estate: An In-Depth Look at Probate and Wills

    #40 Securing Your Estate: An In-Depth Look at Probate and Wills
    Oct 1 2024

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    What happens to your assets after you're gone? Join us for our 40th milestone episode of the Fiscal Physical Podcast, where Aaron Hoisington and Ryan Nelson guide you through the essential aspects of wills and the probate process. We'll cut through the legal jargon to provide a clear understanding of how a last will and testament can safeguard your wishes, and explain the often confusing probate procedure. Dive into why consulting an estate planning attorney is crucial for either setting up a will or a trust, potentially sparing your loved ones from a drawn-out probate process.

    Navigating multiple marriages and blended families in estate planning can be a minefield, but we've got you covered. Ryan Nelson shares his personal strategies for setting up beneficiaries and transfer of death designations, even touching on the creation of holographic wills as a stopgap measure. Plus, we indulge in a lighter conversation about our love for sports—from the Green Bay Packers to local college teams, capturing the excitement of live events. Remember, while our insights are invaluable, they're for informational and entertainment purposes; always seek personalized advice from qualified professionals tailored to your financial needs.

    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!
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    16 mins
  • #39 Preparing for Tomorrow: The Ins and Outs of Long-Term Care

    #39 Preparing for Tomorrow: The Ins and Outs of Long-Term Care
    Sep 24 2024

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    How prepared are you for the inevitable complexities of aging? We kick off this episode by confronting a common oversight: long-term care needs, particularly among individuals in their mid-30s. Ryan Nelson joins us to emphasize the critical importance of early planning. From understanding what Activities of Daily Living (ADLs) entail to recognizing that regular insurance often doesn't cover long-term care services, we break down why this aspect of financial planning should be a priority. Licensed insurance professionals can offer invaluable guidance, and Ryan underscores the importance of differentiating between insurance and investments in a well-rounded financial strategy.

    Planning for the future can be daunting, especially when it involves predicting long-term care costs. Did you know that around 70% of people over 65 may require long-term care? We dive into scenarios where substantial savings might allow one to self-insure versus relying on federal resources like Medicaid. Evaluating your personal financial situation is crucial in determining whether purchasing long-term care insurance is the right move for you. We explore the benefits and drawbacks of self-insuring versus opting for external insurance policies, offering insights to help you make an informed decision.

    Fascinated by demographics? You'll love our trivia segment on the median age in the United States and Japan. Discover why the median age in the U.S. is 38.9 years and why it's significantly higher in Japan at 49.9 years. We also clarify the difference between median and average, explaining why the median is often more useful in financial contexts. As always, we encourage you to subscribe, leave ratings, and explore additional resources like the Alchemy Wealth Management website and the book "Fiscal Physical." Join us as we stay informed and prepared for the financial aspects of aging.

    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!
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    27 mins
  • #38 Paying Off Your House: Should You Do It, How to Decide, and Pros vs Cons

    #38 Paying Off Your House: Should You Do It, How to Decide, and Pros vs Cons
    Sep 17 2024

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    Have you ever wondered whether paying off your house early is the smartest financial move? Join us on the Fiscal Physical Podcast as we sit down with Ryan Nelson, founder of Alchemy Wealth Management, to unravel this age-old dilemma. Through a riveting discussion, Ryan guides us on a journey of assessing personal goals, risk tolerance, and the potential returns on investment. With a hypothetical scenario involving a 3% mortgage and an unexpected $100,000 inheritance, we explore the complex factors that influence such a pivotal financial decision.

    But the conversation doesn't stop there. We dive into the nuances of financial priorities and future planning, drawing from personal experiences and professional insights. Have you ever considered that your home isn't truly an asset until it's sold? Learn how extra mortgage payments could affect your investment opportunities in tax-advantaged accounts like Roth IRAs. And for a fun twist, we indulge in a light-hearted contemplation of winning a $70 million lottery, exploring the excitement and family dynamics that come with such a windfall.

    In the final segment, we tackle the challenges of managing large sums of money, using Shaquille O'Neal's early career spending spree as a cautionary tale. Discover how quickly fortunes can be depleted if not managed wisely, and the importance of prudent financial decisions. We also introduce a quirky website that lets you try to spend Bill Gates's $100 billion fortune, shedding light on the staggering difference between millions and billions. Tune in for a compelling episode that blends practical financial advice with thought-provoking discussions on wealth and responsibility.

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

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

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    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!
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    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

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    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!
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    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

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    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!
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    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

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    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!
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    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

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    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!
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    25 mins