Shows
The Money Pig PodcastEpisode 96 - Tim Interviews His Kids About Money and GreenlightIn this heartwarming (and hilarious) episode of the Money Pig Podcast, Tim Goodwin is joined by his three amazing daughters—Shiloh, Eden, and Caanan—for a real family conversation about money, giving, saving, investing, and how they use the Greenlight app to learn smart financial habits.From surfing in Hawaii to stock market wins (and a few losses), the Goodwin girls share their unique perspectives on managing money at different ages. Whether it's saving for a car, giving to causes that matter, or investing in companies like NVIDIA and Target, this episode is packed with laughs, lessons, and...
2025-08-1929 minThe Money Pig PodcastEpisode 95 - Business Exit Strategy with Justin PitcockIn this episode of The Money PIG Podcast, Tim Goodwin sits down once again with the one and only Justin Pitcock to dive into the often-overlooked—but massively impactful—topic of business exit planningFrom small business tax strategies (like Section 1202), to donor-advised funds, installment sales, and ESOPs, this episode is packed with real-world advice on how to prepare years in advance to maximize your payout and minimize taxe...
2025-08-0527 minThe Money Pig PodcastEpisode 94 - Interview with Estate Attorney, Sarah WhiteIn this episode of The Money PIG Podcast, we’re thrilled to welcome estate attorney Sarah White. Tim and Sarah dive into all things estate planning—why every family needs it (not just the ultra-wealthy), what essential documents you should have in place, and the real-life messes that happen when you don’t have a plan.Sarah shares stories (including one about a double-wide trailer and a determined client), busts common estate planning myths, and explains how legal planning intersects with your financial goals. Plus, Tim reveals his own experience with estate planning—complete with chicken diapers, dad joke...
2025-07-2228 minThe Money Pig PodcastEpisode 93 - Things You Didn’t Know a Financial Advisor Could Do For YouYou probably know a financial advisor can help with investments… but did you know they might also help you save tens of thousands on taxes, qualify for health insurance subsidies, or optimize your Social Security strategy?In this episode of The Money PIG Podcast, Tim Goodwin and Justin Pitcock dive into the lesser-known ways a financial advisor can serve you—beyond just managing your portfolio.From hunting hogs with hounds (literally) to uncovering $10,000 in tax savings for newlyweds and helping a multimillionaire get an Obamacare subs...
2025-07-0826 minThe Money Pig PodcastEpisode 92 - How we protect our clients’ dataIn this episode of The Money PIG Podcast, Tim Goodwin sits down with advisor Ray Brown (aka Pop Pop) to tackle one of the most important topics in financial planning—data protection. From cybersecurity protocols and password managers to phishing scams, cognitive decline, and the importance of estate planning, this conversation dives deep into how Goodwin Investment Advisory protects what matters most: you and your financial future.We talk about:How we secure your information behind the scenesWhat we do to proactively protect clients experiencing cognitive decline
2025-06-2427 minThe Money Pig PodcastEpisode 91 - Why Our Clients Keep UsIn this heartfelt and light-hearted episode, Tim Goodwin and Joe Beckford (aka "Beckforth") dive into the question: Why do our clients keep choosing Goodwin Investment Advisory—year after year, decade after decade?You’ll hear real feedback from real clients, gathered at our annual celebration event, reflecting on what makes the relationship with GIA feel like more than just business. From building trust and delivering results, to showing up with care, communication, and even champagne—this episode unpacks what turns first impressions into lifelong partne...
2025-06-1033 minThe Money Pig PodcastEpisode 90 - “Helping You Understand the Future of Social Security and Your Retirement”In this episode of The Money PIG Podcast, Tim is joined by the legendary Joe “Beckforth” Beckford to break down one of the biggest retirement questions: Is Social Security running out?They cover:The truth about the 2035 Social Security projectionsWhy Social Security isn’t disappearing—but may be changingHow it’s funded and what that means for future benefitsPotential government fixes (think: taxes, retirement age, benefit cuts)When to claim benefits—62, 67, or wait until 70?The real cost of taking it early (hint: it’s more than just a smaller check)Mistakes people make when claiming (and...
2025-05-2729 minThe Money Pig PodcastEpisode 89 - Welcome Coby "Sully" Sullivan to the GIA Team!In this episode of The Money Pig Podcast, Tim Goodwin sits down with Coby “Sully” Sullivan, GIA’s newest financial advisor, for a conversation full of laughs, leadership lessons, and purpose-driven passion.Coby shares his journey from Army Ranger instructor to financial advisor—including years spent in Alaska, a 100 km/h snowmobile ride, and what it’s like ice fishing on a frozen lake. After serving overseas and leading elite military teams, Coby sought a civilian career that still aligned with his love for service, leadership, and purpose. His transition into finance was inspired by a desire to help ot...
2025-05-1324 minThe Money Pig PodcastEpisode 88 - The Psychology of Money w/ Ray BrownOn this episode of The Money Pig Podcast, Tim Goodwin sits down with the one and only Ray Brown—aka "Pop-Up"—to unpack The Psychology of Money by Morgan Housel. With humor, heart, and a touch of magician flair (yes, Ray used to perform magic with his dachshund sidekick, Mr. Weenie!), the two dive into why emotions play a bigger role in money decisions than most people realize.They explore how behavioral finance influences not just what we invest in—but whether we stay invested. From comparing saving to fitness goals, to the trap of loss aversion, to the...
2025-04-2933 minThe Money Pig PodcastEpisode 87 - 10 Pro Tax Planning Tips for Early Retirees w/ Justin Pitcock (Part 2)In this episode of the Money Pig Podcast, Tim Goodwin and special guest (and outdoorsman extraordinaire) Justin Pickock — aka Elmer Fudd —finish off a two-part series diving into 10 Pro Tax Planning Tips for Early Retirees. — with a special appearance from the Notorious P.I.G. (Peace, Independence, and Generosity).This episode dives deep into advanced strategies to help early retirees maximize tax efficiency and keep more of what they’ve worked for. Whether you're nearing retirement or just want to be better prepared, these tips are gold.
2025-04-1526 minThe Money Pig PodcastEpisode 86 - 10 Pro Tax Planning Tips for Early Retirees w/ Justin Pitcock (Part 1)In this episode of the Money Pig Podcast, Tim Goodwin and special guest (and outdoorsman extraordinaire) Justin Pitcock — aka Elmer Fudd — kick off a two-part series diving into 10 Pro Tax Planning Tips for Early Retirees. Whether you're planning your early exit from the 9-to-5 grind or are already retired, this episode is packed with strategic tax-saving wisdom that can help you keep more of what you've worked so hard to build.They cover the first 5 tax planning tips, including:Understanding the 3 types of tax b...
2025-04-0125 minThe Money Pig PodcastEpisode 85 - Fisher vs Goodwin w/ guests Justin Pitcock & John PrattWelcome back to the Money Pig Podcast! In this episode, we dive into an insightful discussion with Justin Pitcock and John Pratt, one of our valued clients. John shares his journey from growing up on a 500-acre potato farm to working in IBM's service division, and how those experiences shaped his perspective. He mentions how hiring Goodwin Investment Advisory helps him get a good night's sleep, which is a value and benefit beyond the dollars and cents. We also take a deep dive into how Goodwin I...
2025-03-1836 minThe Money Pig PodcastEpisode 84 - The Legacy Will with Guest, Joe BeckfordIn this engaging episode, we welcome Joseph Beckford, who shares his adventurous experience of learning to e-foil at 60—an inspiring reminder that growth and new experiences have no age limit.The core of our discussion revolves around The Legacy Will, a valuable tool designed to help individuals capture and preserve their family’s stories, values, and traditions for future generations. We highlight the importance of estate planning beyond financial assets—focusing on the memories, values, and wisdom that truly define a legacy. From cherished family recipes to life lessons and person...
2025-03-0423 minThe Money Pig PodcastEpisode 83 - Die With Zero: Retirement, Financial Freedom and Making the Most of Your Hard-earned Money with Guest, Joe BeckfordOn this episode of The Money Pig Podcast, host Tim Goodwin welcomes the one and only Joe Beckford for a thought-provoking discussion on retirement, financial freedom, and making the most of your hard-earned wealth.While many retirees worry about not having enough, Tim and Joe flip the script—what if you planned to live fully and maximize your experiences rather than simply hoarding savings for an uncertain future? Inspired by the book Die with Zero by Bill Perkins, they discuss: Why many retirees' assets keep growing despite being...
2025-02-1824 minThe Money Pig PodcastEpisode 82 - Exponential Wealth with Guest, Joe BeckfordWelcome to The Money Pig Podcast! In this episode, Tim Goodwin sits down with Joe Beckford for an engaging conversation filled with financial wisdom, personal stories, and a few dad jokes to keep it fun. Tim dives into his book Exponential Wealth: How to Create Sustainable Income for Life, sharing his inspiration for writing it and practical strategies for building financial independence. From leveraging exponential growth and creating passive income streams to planning for a diversified and sustainable retirement, this episode is packed with actionable insights for anyone looking to secure their financial future.Key...
2025-02-0434 minThe Money Pig PodcastEpisode 81 - The Art of Coziness with Tara BruceIn this heartwarming episode, Tim Goodwin welcomes Tara Bruce, the creative force behind Goodwin Investment Advisory's content, to explore the Danish concept of "hygge" — the art of coziness. The conversation weaves through personal stories, practical tips, and reflections on finding happiness and gratitude in the slower moments of life. You can watch the episode on YouTube as well - https://youtu.be/M1qsqy4VWS8Tara shares her magical experience visiting Copenhagen, where she immersed herself in the wonder of winter, the charm of Christmas markets, and the intentionality of Danish culture. From sipping warm mulled wine in...
2025-01-2123 minThe Money Pig PodcastEpisode 80 - Misconceptions of Fee-only Advisors with Joe BeckfordIn this podcast episode, host Tim Goodwin and guest Joe Beckford (affectionately called "Beckforth") discuss the role and benefits of fee-only financial advisors, addressing common misconceptions. Joe, a senior advisor at Goodwin Investment Advisory, explains that fee-only advisors are compensated solely by client fees, without commissions from third-party products. They delve into the three primary compensation models: Asset Under Management (AUM), which charges a percentage of managed assets; flat fees, which involve fixed payments; and hourly fees, billed for specific advice or services. Goodwin Investment Advisory prefers...
2025-01-0728 minThe Money Pig PodcastEpisode 79 - End of the Year Planning Guide with Justin PitcockIn this episode, Tim Goodwin and Justin Pitcock walk listeners through the Year-End Financial Planning Checklist designed to help you close out the year with a solid financial plan. The conversation covers critical topics like:Estate and Disability PlanningReviewing estate planning documents (wills, trusts, POAs, and healthcare directives).Updating beneficiary designations to ensure alignment with your wishes.Preparing a list of instructions for loved ones in case of death or disability.Exploring the benefits of giving early inheritances within the annual exclusion limit.Retirement PlanningMaximizing 401(k) contributions...
2024-12-2437 minThe Money Pig PodcastEpisode 78 - Executive Insights: Managing Wealth During Major Life Transitions with Herman HugoIn this episode of the Money Pig Podcast, Herman Hugo, a client turned compliance expert at Goodwin Investment Advisory, shares his journey from Silicon Valley to Georgia and the financial strategies he used during major life transitions. The discussion covers navigating job changes, equity compensation, health insurance planning, Roth conversions, and retirement strategies like the Rule of 55.The episode also touches on managing divorce and business sales, emphasizing the importance of expert guidance and collaborative planning to reduce stress and increase financial confidence.If you’re navigating a life transition, schedule a free intro call to...
2024-12-1025 minThe Money Pig PodcastEpisode 77 - Wealthy Woes: 10 mistakes wealthy individuals make in their 50's before retiring Pt. 2In part two of this engaging podcast series, we wrap up our discussion on the 10 most common financial mistakes wealthy individuals make in their 50s before retiring. With guest Joe Beckford IV, we tackle the final four mistakes and dive into actionable strategies to avoid them.The episode highlights:1. Forgoing a Retirement & Financial Plan: Many people excel at wealth accumulation but lack a strategy for how to manage it in retirement. A solid plan, including decisions about Social Security, pensions, and 401(k) rollovers, is critical.2. Emotional Investing: Fear-driven decisions can lead to costly...
2024-11-2626 minThe Money Pig PodcastEpisode 76 - Wealthy Woes: 10 mistakes wealthy individuals make in their 50's before retiringIn this episode, we explore the first six of ten common mistakes that wealthy individuals often make in their 50s as they approach retirement. We discuss the importance of reassessing investment strategies, the risks of not planning for healthcare costs, and the pitfalls of underestimating longevity. We also delve into the consequences of ignoring tax-efficient strategies, the dangers of overconcentration in certain assets, and the oversight of not updating estate plans to reflect current wishes.This is part one of a two-part series aimed at helping you navigate the complexities of retirement planning. To gain deeper insights...
2024-11-1219 minThe Money Pig PodcastEpisode 75 - Exploring healthcare options in early retirement with Merle JabrIn this informative episode, Goodwin Investment Advisory dives into healthcare options for those considering early retirement with guest expert Merle Jabr from Potter Risk Advisors. Many clients wonder if they can afford to retire early, but healthcare costs often stand in the way. Merle breaks down essential options for retirees under 65 who aren’t yet eligible for Medicare, including COBRA, retiree benefits, individual marketplace plans with potential subsidies, and medical bill-sharing programs like Metashare.For business owners, Merle shares the often-overlooked small group plan, where a family LLC may qualify for more affordable healthcare rates. She also st...
2024-10-2926 minThe Money Pig PodcastEpisode 74 - Navigating Medicare options before you retire with Merle JabrThe podcast features a discussion with Merle Jabr, a health insurance expert who has helped many retirees navigate their Medicare options, including group plans for businesses. The host, Tim Goodwin, opens with a light-hearted dad joke but quickly shifts her focus to Medicare, outlining its importance for those nearing age 65 or those with disabilities. Merle explains that while most Americans become eligible for Medicare at age 65, certain individuals can qualify earlier if deemed totally disabled through the Social Security Administration.The conversation covers various Medicare parts:Part A (hospitalization and skilled...
2024-10-1524 minThe Money Pig PodcastEpisode 73 - How to estimate what your expenses will be in retirement with Justin Pitcock, CFP®In this episode, Justin Pitcock, CFP®, shares valuable insights on how to estimate your expenses in retirement. Many individuals find it challenging to figure out how much money they'll need each month after they retire. Justin breaks it down by first reviewing your current cash flow—examining what's coming in each month and subtracting any retirement or non-retirement savings to determine your present cost of living. From there, he accounts for inflation and considers changes in expenses like healthcare, insurance, and taxes. He also highlights the importance of working with a financial advisor to optimize your retirement plan and ens...
2024-10-0117 minThe Money Pig PodcastWhen and why you should consider a refinance on your homeIn this episode, Ray Brown and the Goodwin Investment Advisory team discuss when and why homeowners should consider refinancing their mortgage. They cover topics such as the importance of interest rates, the difference between principle and interest (P&I) and private mortgage insurance (PMI), how to remove PMI, reasons to consider refinancing (such as reducing monthly payments or improving creditworthiness), the impact of closing costs, the pros and cons of fixed-rate and adjustable-rate mortgages, and the importance of considering the long-term implications of refinancing.Chapters00:00Introduction and Dad Joke02:06...
2024-09-1719 minThe Money Pig PodcastWhat is "intentional world domination" planning?In this episode of the Money PIG Podcast, the host, Tim Goodwin, welcomes back Reid Trego for a special discussion. Reid, who is stepping back from regular podcasting due to a new career, shares insights about his intentional approach to life and planning with his wife, Christy. They discuss their "world domination" planning sessions, which cover aspects like finances, fitness, faith, and fun, with a humorous twist on procrastination and reducing stress. The conversation also touches on the importance of setting realistic goals, tracking progress, and maintaining connections within the family. The episode ends with a reflection on gratitude...
2024-09-0322 minThe Money Pig PodcastREBOOT! What Couples Talk About When They Talk About MoneyWhat Couples Talk About When They Talk About MoneyDescriptionMoney PIG Host, Reid Trego is joined by Tim and Maureen Goodwin for insights on discussing finances within couples, focusing on security, stress reduction, and emotional considerations. They emphasized the impact of past experiences on present financial attitudes and the importance of open communication to prevent conflicts and foster trust. Key points included avoiding consumer debt, maintaining an emergency fund for peace of mind, and regular net worth tracking. Practical budgeting advice involved strategies like using YNAB or spreadsheets.Attendees shared personal stories of...
2024-08-2639 minThe Money Pig PodcastREBOOT! Five Common mistakes people make with their financesDescriptionHost Reid Trego, and Financial Planner Joe Beckford discuss a listener question from a woman handling her husband's $28,000 employer-sponsored 401k upon job departure. They stressed not leaving money with an old employer and highlighted options like rolling over your old employer 401k into a new plan or opening IRAs for pre-tax and Roth contributions. They explained retirement plans such as 401k, advising against cashing out for speculative investments. Joe Beckford elaborated on retirement plans like 403b and 457, emphasizing the importance of understanding investment choices within IRA...
2024-08-2132 minThe Money Pig PodcastREBOOT! Social Security's Role in Retirement PlanningThe Money PIG podcast is in transition! Stay tuned for our new and improved version coming soon! In the meantime, enjoy this REBOOT episode!GIA Certified Financial Planner™ PROFESSIONAL, Joe Beckford joins The Money Pig Podcast to discuss Social Security’s role in Financial Planning.Will Social Security be there when you need it? Will Social Security still be available for you when you retire? Check out SSA.gov to find your expected benefits!What ha...
2024-08-0509 minThe Money Pig PodcastDo your values align with your financial advisor?Episode 67 - Do your values align with your financial advisor?DescriptionThe Money Pig Podcast Episode features Tim Goodwin discussing values alignment, investment philosophy, client experience, Inside Out 2 and financial planning, website and marketing. Key points included the importance of aligning values between clients and advisors, personalized financial planning, and addressing financial anxiety.
2024-07-1517 minThe Money Pig PodcastGoodwin Investment Advisory's Services and BenefitsEpisode 66 - Goodwin Investment Advisory's Services and BenefitsDescriptionJoe Beckford joins this episode of The Money PIG to discuss the importance of financial peace, independence, and generosity, with a focus on personal financial planning for retirement. Key points included guidance on investment strategies, Social Security options, donor-advised funds, tax-advantaged strategies, and community involvement. Action items included reminding clients about services, educating on early financial planning, providing guidance on retirement contributions, advising on Social Security and legacy planning, promoting HSAs, assisting with life transitions, and offering tax-advantaged strategies.
2024-07-0829 minThe Money Pig PodcastWhat factors affect the stock market in an election year?Episode 65 - What factors affect the stock market in an election year?DescriptionThe Money Pig Podcast Episode 65 covered a range of topics including Social Security sustainability, GDP growth concerns, McDonald's Economy concept, stock market performance during election years, interest rates impact on investments, policy expectations and market volatility, and the importance of long-term investment strategies. The hosts emphasized the need to focus on long-term financial goals over short-term political outcomes and reminded listeners of personalized financial advisory services offered by Goodwin Investment Advisory. Key action items included recording an episode addressing client concerns about...
2024-06-2434 minThe Money Pig PodcastHow Much Money is enough to Retire?Episode 64 - How Much Money is enough to Retire?In the podcast episode titled "Money Pig Podcast Episode 64," hosted by Reid Trego and Justin Pitcock from Goodwin Investment Advisory, several key topics related to retirement and financial planning were discussed. The episode began with an introduction and welcome, followed by an exploration of different cultural perspectives on retirement and the transition from wealth accumulation to spending it. The hosts introduced the FIRE (Financial Independence, Retire Early) movement and discussed the balance between saving and enjoying life, including the concept of Financial Independence, Next Endeavor (FINE). They detailed...
2024-06-1722 minThe Money Pig PodcastIs renting a home a terrible idea in the current economy?Episode 63 - Is renting a home a terrible idea in the current economy?DescriptionIn this episode of the Money Pig Podcast by Goodwin Investment Advisory, the team delved into the current housing market conditions, highlighting the high 7% mortgage interest rates and limited market inventory. Ray Brown discussed essential financial factors, emphasizing the necessity of having a substantial down payment and keeping mortgage payments under 25% of gross income. The conversation also explored the advantages of renting, such as flexibility, avoidance of major repair costs, and fewer maintenance responsibilities, making it beneficial for those with transient lifestyles...
2024-06-1022 minThe Money Pig PodcastREBOOT! - Pensions - Why are they so complicated?Episode 63 - REBOOT! Pensions - Why are they so complicatedGoodwin Investment Advisory Certified Financial Planner™ PROFESSIONAL, Justin Pitcock, joins The Money Pig Podcast to discuss Pensions - “Why are they so complicated?”Should you take a lump sum payout or the annuitized payments?What are your options for your pension?How can you leave a financial legacy for your heirs?Do you need someone to help you decide how to navigate whether to take a lump s...
2024-06-0308 minThe Money Pig PodcastAll About HSAs! (Health Savings Accounts)Episode 62DescriptionMoney PIG Podcast host Reid Trego was joined by Justin Pitcock to duscuss the topic of Health Savings Accounts (HSAs), outlining their importance, benefits, tax advantages, eligibility criteria, investment strategies, and their role in retirement planning. Key points included the triple tax advantage of HSAs, contribution limits, investment options, Medicare premium usage, reimbursement for medical expenses, and strategic planning for HSA usage. Attendees were advised on the comparison with Flexible Spending Accounts (FSAs), the importance of letting funds grow over time, and investment adjustments as retirement approaches.
2024-05-2726 minThe Money Pig PodcastWhen should I start taking Social Security?Episode 61 - When Should I start taking Social Security?DescriptionThe Money Pig podcast discussed Social Security retirement benefits with Reid Trego and Justin Pitcock, highlighting the importance of determining when to start taking benefits. Concerns were raised about a potential 20% reduction by 2034 due to financial challenges. Strategic planning based on factors like age, health, marital status, and income sources was emphasized to optimize benefits.Complexities of Social Security taxation were explored, where up to 85% of benefits could be taxable. Strategies like delaying benefits or structuring retirement income were advised to minimize tax implications...
2024-05-1327 minThe Money Pig PodcastShould I convert my IRA to a Roth?Episode 60 - Should I convert my IRA to a Roth?DescriptionMoney PIG host Reid Trego was joined by financial advisor Justin Pitcock to discuss the benefits of Roth conversions, focusing on potential high RMDs in retirement, tax-free growth, and managing Social Security income taxation. The discussion showed that converting traditional accounts to Roth can help avoid high RMDs later on and provide withdrawal flexibility, considering different types of money (taxable, tax-deferred, and Roth) based on individual goals for retirement. Strategic management of these accounts can optimize tax implications during retirement, including legacy planning with charitable...
2024-05-0635 minThe Money Pig PodcastHow much money do I need in my emergency fund?Episode 59 - How much money do I need in my emergency fund?DescriptionThe recent episode featuring Joe Beckford, a distinguished CERTIFIED FINANCIAL PLANNER™ Professional, shared the critical importance of establishing emergency funds to safeguard against unforeseen circumstances such as car accidents or home damages. It was underscored that these funds should ideally cover three to six months' worth of expenses, contingent upon individual circumstances.During the discussion, participants explored various strategies for initiating an emergency fund, including starting with a base amount of $1,000 or aligning it with the largest insurance ded...
2024-04-2922 minThe Money Pig PodcastREBOOT! When should I hire a Financial Advisor?Episode 59 - When should I hire a Financial Advisor?GIA Founder Tim Goodwin, CFP®, joins the Money PIG Podcast to talk about when people need to hire a Financial Advisor? Learn about SINKs, DINKs and HENRYs Are you wondering, “When can I retire?” Will I have enough money to retire comfortably? How do I determine the best time to retire? Is there anything else I should know or be doing to better prepare myself and my family for retirement? Are you...
2024-04-2210 minThe Money Pig PodcastWhat do I do with my 401k when I leave my job?Episode 58 - What do I do with my 401k when I leave my job?DescriptionThe meeting with Reid Trego and financial planner Joe Beckford discussed a listener question from a woman handling her husband's $28,000 employer-sponsored 401k upon job departure. They stressed not leaving money with an old employer and highlighted options like rolling over into a new plan or opening IRAs for pre-tax and Roth contributions. They explained retirement plans such as 401k, advising against cashing out for speculative investments.Beckford elaborated on retirement plans like 403b and 457, emphasizing the importance of understanding...
2024-04-1518 minThe Money Pig PodcastREBOOT! How much is too much to pay for Taylor Swift Tickets?Episode 19 - How much is TOO much to pay for Taylor Swift tickets?The Money Pig podcast discusses, “How much is too much to spend on Taylor Swift tickets,” with Wealth Advisor Ray Brown. Reid Trego and Ray explore the topic of spending money on recreational activities and hobbies, such as concerts and travel, and when it's responsible to do so. The conversation covers budgeting for fun while also prioritizing saving and giving. The hosts share personal examples, including planning their honeymoon expenses ahead of time. Overall, the discussion emphasizes the importance of balancing fina...
2024-04-0817 minThe Money Pig PodcastREBOOT! - How to make a career transition?REBOOT - How do I make a career transition?GIA Certified Financial Planner candidate Ray Brown joins The Money Pig Podcast to discuss how to make a career transition.How do I make a career transition?Can I afford to change jobs?What is the Donkey Kong ladder jump?Do you need someone to help you decide if you are in a position to make a career transition? If you would like to connect with an advisor on our wealth m...
2024-04-0119 minThe Money Pig PodcastFive common mistakes people make with their financesEpisode 55 - FIVE COMMON MISTAKES PEOPLE MAKE WITH THEIR FINANCES.DescriptionHost Reid Trego, and Financial Planner Joe Beckford discuss a listener question from a woman handling her husband's $28,000 employer-sponsored 401k upon job departure. They stressed not leaving money with an old employer and highlighted options like rolling over your old employer 401k into a new plan or opening IRAs for pre-tax and Roth contributions. They explained retirement plans such as 401k, advising against cashing out for speculative investments. Joe Beckford elaborated on retirement pla...
2024-03-2532 minThe Money Pig PodcastRetire on Purpose!Episode 54DescriptionThe Retire by Design program aims to address retirement fears and challenges, emphasizing financial security, health care costs, inflation worries, and market volatility. It offers personalized planning with a retirement consultant. Additionally, the program focuses on non-financial issues like social isolation, loss of identity, and finding meaning in retirement.Retire by Design participants discussed the importance of intentional pre-retirement preparation to ensure a smooth transition. They shared experiences of early retirements that lacked proper planning, leading to unexpected challenges such as feeling irrelevant or unprepared financially. To combat loneliness and enhance overall...
2024-03-1820 minThe Money Pig PodcastWhat Couples Talk About When They Talk About MoneyEpisode 53 - What Couples Talk About When They Talk About MoneyDescriptionMoney PIG Host, Reid Trego is joined by Tim and Maureen Goodwin for insights on discussing finances within couples, focusing on security, stress reduction, and emotional considerations. They emphasized the impact of past experiences on present financial attitudes and the importance of open communication to prevent conflicts and foster trust. Key points included avoiding consumer debt, maintaining an emergency fund for peace of mind, and regular net worth tracking. Practical budgeting advice involved strategies like using YNAB or spreadsheets.Attendees shared personal...
2024-03-1139 minThe Money Pig PodcastHappy Anniversary - 20 Years of Goodwin Investment AdvisoryEpisode 52Happy Anniversary - 20 Years of Goodwin Investment Advisory in Woodstock, GAhttps://moneypig.buzzsprout.com/2136084/14624032-happy-anniversary-20-years-of-goodwin-investment-advisoryThe Money Pig podcast celebrates Goodwin Investment Advisory’s 20-year anniversary guiding clients to financial peace, independence, and generosity. The host, Reid Trego, welcomes President and Founder of GIA, Tim Goodwin, to discuss the history of Goodwin Investment Advisory and their journey over the past two decades. Tim talks about the early days of starting the company, the process of hiring employees, and growing the client base. Additionally, they...
2024-03-0440 minThe Money Pig PodcastReboot! What is a fiduciary and why does it matter?Episode 4Certified Financial Planner™ PROFESSIONAL, Joe Beckford, joins The Money Pig Podcast to answer the question: What is a fiduciary and why does that matter?What does it mean to be a fiduciary?. What is a fiduciary? And, why should you make sure your advisor is one?To us at Goodwin Investment Advisory, a fiduciary means you as the client are put first and foremost. The advisor has an integral obligation to make financial decisions and recommendations that are...
2024-02-2606 minThe Money Pig PodcastReboot! Re-introducing Goodwin Investment AdvisoryEpisode 50 - Reboot - Re-Introducing Goodwin Investment AdvisoryGoodwin Investment Advisory founder and President, Tim Goodwin, CFP® joins the Money PIG Podcast to talk about why, when, and how GIA was founded.What is compound interest?When was Goodwin Investment Advisory founded?What is the Goodlife Pyramid?What is Maslow’s Hierarchy of Needs?Download our Investor’s guide to your right-fit advisor, or download Tim’s free book, Expone...
2024-02-1922 minThe Money Pig PodcastHow to pay off your student loansEpisode 49 - How to pay off your student loans with Ray BrownDescriptionRay Brown, an advisor at Goodwin Investment Advisory, joins host Reid Trego on the Money Pig podcast to discuss paying off student loans. Ray shares his personal experience of successfully paying off his own student loans and offers advice on how to tackle student loan debt. They emphasize the importance of avoiding excessive debt in the first place by exploring alternative options like scholarships and grants. However, if someone does have student loan debt, they suggest using a "debt snowball" approach by prioritizing...
2024-02-1222 minThe Money Pig PodcastThings we do NOT recommend - and things we DO! (Part 2)Episode 48 - Things we do NOT recommend (Part 2)DescriptionReid Trego welcomes Justin Pitcock back for part two of the podcast. They discuss what they do not recommend in terms of financial investments, such as annuities, whole life cryptocurrency, and buying gold. Justin explains that while these options might have some merit in certain circumstances, they are often overhyped by ads and salespeople. They also caution listeners about the risks and scams associated with investing in cryptocurrency.The conversation then shifts to reverse mortgages, which they consider a last resort option for homeowners who own...
2024-02-0524 minThe Money Pig PodcastThings we do NOT recommend - and why! (part 1)Episode 47DescriptionThe Money PIG Podcast host, Reid Trego, and CERTIFIED FINANCIAL PLANNER™ professional Justin Pitcock to discuss things that they do not recommend in terms of investments. They specifically focus on annuities and whole life insurance. They explain that annuities can be appropriate for certain individuals, such as widows who are concerned about running out of money in retirement. However, they caution against annuities for most people, as salespeople often push them aggressively and earn high commissions from selling an annuity to them. Additionally, the fees asso...
2024-01-2926 minThe Money Pig PodcastPop Pop's Birthday Freebies!Episode 46 - Pop Pop's Birthday FreebiesDescriptionReid Trego welcomes CERTIFIED FINANCIAL PLANNER™ Professional, Ray Brown, to the Money Pig podcast for a discussion about Poppop’s Birthday Freebies. Ray explains how he earned the nickname "Poppop" and shares how he became known as the birthday guy who collects freebies from various establishments on his special day. He discusses some of his favorite places to redeem birthday offers, including Brookwood Grill, Chick-fil-A, and Starbucks. He also mentions Jenny's Ice Cream as another popular spot.Summary:...
2024-01-2222 minThe Money Pig PodcastGIA's 2024 Retirement & Tax Planning Quick SheetEpisode 45DescriptionReid Trego welcomes CERTIFIED FINANCIAL PLANNER™ professional Justin Pitcock to the Money Pig podcast for a discussion about Goodwin Investment Advisory’s “2024 Retirement and Tax Planning Quick Sheet.” The guide is designed to simplify tax planning, which can be complicated due to inflation and legislation changes. Listeners are encouraged to visit the website to download the guide or sign up for our blog list by texting the word “BLOG” to 66866. T...
2024-01-1523 minThe Money Pig PodcastRetirement Planning: What are you retiring TO and not FROM?Episode 44DescriptionReid Trego and Tara Bruce, Content Creator and Creative Brand Manager at Goodwin Investment Advisory, discuss the importance of retiring to something meaningful rather than simply running away from work. They emphasize the need for purpose and intentionality in retirement, beyond just financial considerations. They also touch on questions about how to manage your time, maintain and create new relationships, find new passions and curiosities, and decide where to live in retirement. The transcript highlights the fear that some people have around retirement due to a lack of ongoing conversations and planning. Click the...
2024-01-0815 minThe Money Pig PodcastGoal Setting in 2024 with Tara BruceEpisode 43 - Goal Setting in 2024 with Tara BruceDescriptionReid Trego, the host of the Money Pig podcast, is joined by Tara Bruce, GIA's Marketing guru. They discuss goal setting in the new year and emphasize the importance of setting financial goals. They recommend reflecting on the previous year's goals and determining whether they were accomplished. Tara shares that writing down your goals increases the likelihood of achieving them by 42%. They also mention evaluating investment performance and considering adjustments if necessary. If your investment accounts are not performing in a way t...
2024-01-0115 minThe Money Pig PodcastHow did the stock market perform in 2023?Episode 42 - How did the stock market perform in 2023?DescriptionThe Money Pig podcast, hosted by Reid Trego, welcomes CERTIFIED FINANCIAL PLANNER™ professional Justin Pitcock to discuss GIA's investment portfolio performance in 2023. They emphasize that past performance does not guarantee future results and that each investor's experience may vary based on timing and market conditions. The S&P 500 has performed exceptionally well this year, with the Dow Jones total US market also showing strong growth. Goodwin Investment Advisory prefers a US-biased approach due to historical data supporting its success and lower vol...
2023-12-2516 minThe Money Pig PodcastIssues to consider in the case of a divorceEpisode 41 - Issues to consider in the case of a divorceDescriptionReid Trego welcomes certified financial planner Joe Beckford, CFP® professional and Wealth Planner, to discuss Goodwin Investment Advisory's guide titled, “2024 Divorce Financial Planning Checklist” In recognizing the sensitivity of this matter and wanting to honor and respect your privacy; Goodwin Investment Advisory does not collect your email, name, or phone number for this guide. Joe and Reid understand that divorce can be overwhelming and that a long l...
2023-12-1820 minThe Money Pig PodcastEnd of Year Tax Savings!Episode 40 - End of Year Tax SavingsDescriptionReid Trego welcomes the audience to the Money Pig podcast, joined by Tim Goodwin, for a discussion on end-of-year planning. Tax Tips:No Wash Sale with Cryptocurrency - If you have a crypto account and unrealized losses... you could save on taxes this year.There’s an extra benefit that cryptocurrency has over stocks and other conventional assets when selling at a loss. The IRS states that for tax purposes, virtual currency should be tre...
2023-12-1130 minThe Money Pig PodcastFREE Second Opinion Retirement Plan AssessmentEpisode 39 - FREE Second Opinion Retirement Plan AssessmentDescriptionReid Trego and Tim Goodwin discuss the Free Second Opinion Retirement Plan Assessment (FSORPA), which is a simple assessment designed for people who are seriously thinking about retiring or have recently retired. Goodwin Investment Advisory is offering a Free Second Opinion Retirement Assessment to anyone with a growing portfolio of $300,000 or more from one of their CFP® professional Advisors. To Schedule your assessment click here. The assessment helps individuals gauge their ability to sav...
2023-12-0423 minThe Money Pig PodcastParents who worry about their kids' debtEpisode 38 - Parents who worry about their kids' debtDescriptionThe podcast episode is about parents who are concerned about their adult children's credit card debt. The host, Reid Trego, is joined by the founder of Goodwin Investment Advisory, Tim Goodwin. They discuss the increase in credit card debt during the pandemic and share statistics on consumer debt. They talk about possible reasons for high credit card debt, such as inflation and using credit cards to cover increased expenses. The hosts also share personal experiences with managing debt and offer advice...
2023-11-2717 minThe Money Pig PodcastGIA's End of 2023 Planning Guide with Justin PitcockEpisode 37 - The End of 2023 Planning GuideDescriptionReid Trego and CFP Justin Pitcock discuss Goodwin Investment Advisory's end-of-year planning guide on the Money PIG podcast. They highlight the importance of tax planning, maximizing employee benefits, understanding capital gains distributions, utilizing donor advised funds for charitable giving, and managing medical expenses. They also mention hobby loss rules for small business owners and paying state taxes through a pass-through entity to maximize deductions.The discussion focuses on tax planning and
2023-11-2036 minThe Money Pig PodcastMeet Financial Advisor Ray BrownEpisode 36 - Meet Financial Advisor Ray BrownDescriptionReid Trego welcomes Ray Brown, a financial advisor at Goodwin Investment Advisory, to the Money Pig podcast. They discuss Ray's background and how he connected with GIA. Ray shares that he joined GIA about a year ago after paying off his student loan debt and wanting to put his good income to work. He reached out to local financial advisors and found GIA's approach different from other Investment firms. He followed our social media for awhile and received our...
2023-11-1319 minThe Money Pig PodcastHow to Start a New Business on Good Financial FootingEpisode 35 - How to Start a New Business on Good Financial Footinghttps://moneypig.buzzsprout.com/2136084/13912828-how-to-start-a-new-business-on-good-financial-footingThe Money Pig Podcast by Goodwin Investment Advisory, is joined by CPA Krista Dempsey to discuss starting a small business on good financial footing. The top five things to consider are:Entity selectionSetting up a bank account separate from personal financesChoosing an accounting software like QuickBooks OnlineUnderstanding the chart of accounts and how i...
2023-11-0618 minThe Money Pig PodcastMeet GIA Financial Advisor Justin PitcockEpisode 34 - Meet Financial Advisor Justin PitcockReid Trego welcomes Justin Pitcock, a wealth advisor GIA, to discuss his background and role as an advisor. Justin shares how he transitioned from being an auditor to becoming a financial advisor and highlights his expertise in tax strategy for business owners and retirement planning. He also mentions his hobbies, such as outdoor activities and cooking on the smoker. The conversation emphasizes the importance of understanding clients' individual goals and building meaningful relationships. If you are looking f...
2023-10-3013 minThe Money Pig PodcastMeet Pantana CPA founder Krista DempseyEpisode 33 - Pantana CPA founder Krista DempseyReid Trego introduces Krista Dempsey, the newest member of Goodwin Investment Advisory’s Investment Committee and founder of Pantana CPA. They discuss her experience as a CPA and her background in accounting. Krista talks about starting her own accounting firm in Woodstock, Georgia, and shares some details about the services they provide to small to medium-sized businesses. She also reveals that she enjoys mowing grass as a hobby and discusses her family life as an empty nester. Finally, they to...
2023-10-2310 minThe Money Pig PodcastMeet Financial Advisor Joe BeckfordEpisode 32 - Meet Financial Advisor Joe BeckfordDescriptionReid Trego welcomes Joe Beckford, a Senior Wealth Advisor at Goodwin Investment Advisory, for a discussion about his background and role. Joe joined GIA in 2008 as a client before becoming an advisor in 2012. He previously worked at Delta Airlines for almost 20 years. As an advisor, Joe's strength lies in meeting clients where they are and helping them move forward financially. He values personal growth and enjoys seeing clients make positive changes based on their conversations with him. To read Joe’s incredibly inspiring an...
2023-10-1612 minThe Money Pig PodcastBook Recommendations and Life Advice with Dale Alexander (part 2)Episode 31 - Book Recommendations and Life Advice with Dale Alexander (part 2)Reid Trego welcomes Dale Alexander, businessman and motivational speaker, to the Money Pig Podcast. They discuss various books in different categories including personal finance (such as "Talk About Money" and "The Wealthy Barber"), business ("Excellence Wins" by Horst Schultze), family ("Most Important Place on Earth" by Robert Wolgamuth), and self-improvement ("Atomic Habits" by James Clear). They emphasize the importance of daily habits and consistency in achieving goals.Dale shares his one-liner best advice for different aspects of life: marriage, parenting, friendship...
2023-10-0918 minThe Money Pig PodcastWhat is the ONE DECISION that changes everything?Episode 30 - "The Talk" (about Money) with Dale AlexanderReid Trego welcomes Dale Alexander, a CERTIFIED FINANCIAL PLANNER™ Professional and the newest member of the Goodwin Investment Advisory Investment Committee, to the Money PIG podcast. Dale is known for his passion project called "The Talk" about Money, aimed at helping young people start their financial lives on solid footing. He authored a book on this topic and has been featured nationally in various media outlets. The talk focuses on the importance of making 70% of one's paycheck the new standard by living within means and investing and gi...
2023-10-0243 minThe Money Pig PodcastHandling Financial Anxiety with Nate MirabellaEpisode 29 - Handling Financial Anxiety with Nate MirabellaReid Trego, Tim Goodwin, and Nate Mirabella discuss financial anxiety on the Money Pig Podcast. They explore the different causes of financial anxiety, including feeling out of control with money as well as societal pressures. They also discuss how uncertainty and market fluctuations contribute to anxiety. They emphasize the importance of making intentional decisions about spending and saving to reduce financial stress. Additionally, they highlight the challenges of navigating finances alone and advocate for ...
2023-09-2538 minThe Money Pig PodcastWhat to do if you receive an InheritanceEpisode 28 - What to do if you receive an Inheritance with Joe BeckfordReid Trego, host of the Money Pig Podcast, is joined by financial advisor Joe Beckford to discuss what to do when receiving an inheritance or windfall. They emphasize the importance of stewarding the money responsibly and recommend prioritizing needs first, such as creating an emergency fund and funding education goals. After addressing needs, they suggest paying off debts and considering wants like paying off a mortgage or investing in real estate or stocks. The approach taken with investing depends...
2023-09-1815 minThe Money Pig PodcastSocial Security for Freelance WorkersEpisode 27 - Social Security for Freelance WorkersThe Money PIG host Reid Trego is joined by Financial Advisor Ray Brown to discuss Social Security for freelance workers. They talk about the impact of being self-employed on retirement and Social Security savings. They explain how taxes work for W-2 employees and highlight that 7.65% of their income goes towards Social Security and Medicare. When someone becomes self-employed, they are responsible for both their own contribution as well as the employer's portion. also mentions deductions for legitimate business expenses and warns against unethical practices to a...
2023-09-1125 minThe Money Pig PodcastThe dream of retiring in an RV. What could go wrong?Episode 26The dream of Retiring in an RV. What could go wrong?Tim Goodwin and GIA's marketing manager Tara Bruce join the Money Pig podcast to discuss retiring in an RV. Tim shares his experiences of renting an RV for trips, with mixed results. Tara talks about her parents who sold their dream house to buy an RV but eventually settled in Gulf Shores and bought a house there. Tim also shares his extensive experience of spending around 150 days in an RV over the past few years, including a recent 28-day road trip where they encountered s...
2023-09-0426 minThe Money Pig PodcastThe Basics. How to buy Stocks.Episode 25Reid Trego, the host of the Money Pig Podcast, is joined by Tim Goodwin, founder of GIA. They discuss investing basics and how to buy stocks. They explain why stocks exist and why some companies decide to go public. They also talk about the risks associated with individual stocks and recommend investing in mutual funds instead. Mutual funds are explained as a pool of money from multiple investors that is managed by professionals to invest in various securities based on specific objectives.Tim discusses the two main types of mutual funds: active and passive. Active mutual...
2023-08-2821 minThe Money Pig PodcastIs now a good time to buy an EV?Episode 24Reid Trego, the host of the Money PIG podcast, is joined by Ray Brown, a financial advisor at Goodwin Investment Advisory. They discuss automobiles and the misconception that cars are investments. They also address listener questions about buying electric vehicles (EVs) and whether it's better to lease or get a car loan in light of rising interest rates. The discussion highlights the availability of tax credits for EV purchases in 2023 and later. It emphasizes that while EV prices have dropped, buyers should consider the true value of the vehicle after accounting for tax credits. Finally, they touch...
2023-08-2116 minThe Money Pig PodcastThe Sandwich Generation, a guide to hard conversationsEpisode 23 - The Sandwich GenerationReid Trego hosts the Money Pig podcast and is joined by Joe Beckford, a certified financial planner. They discuss the Sandwich Generation, which refers to individuals who are taking care of both their children and aging parents. This group faces various challenges such as living options for their parents, healthcare decisions, and the need for important documents like power of attorney. The conversation emphasizes the importance of self-care in order to effectively support loved ones during this phase of life. Financial planning is also highlighted as a way to potentially avoid becoming...
2023-08-1414 minThe Money Pig PodcastWe're newlyweds! Why should we combine our finances?Episode 22 - Combining finances for newly marriedsReid Trego welcomes financial advisor Ray Brown to discuss combining finances as a newly married couple. They both believe that it's better to combine finances, especially for young couples in their first marriage. They reference a bank rate study that shows only 43% of married couples have combined their money. Another Cornell research study supports the idea that combining finances can strengthen relationships and improve satisfaction. They also talk about reasons why some couples choose not to combine finances, such as maintaining independence and self-identity. Reid and Ray suggest designing a...
2023-08-0723 minThe Money Pig PodcastHow small business owners can get paid to start a retirement plan!Episode 21 - How a small business can start a retirement planThe Money Pig podcast, sponsored by Goodwin Investment Advisory, discusses starting a retirement plan for small business owners and their employees. Wealth Advisor Justin Pitcock explains the benefits of offering retirement plans to attract and retain talent while also providing tax advantages for business owners. He explores different types of plans such as Sep IRAs and 401Ks, highlighting the simplicity of setting up a Sep IRA but recommending self-employed 401Ks for higher contributions. The Secure Act 2.0 introduces tax credits to incentivize small businesses to offer retirement...
2023-07-3121 min
Fitness Food Finances58 - Eric Richards (50) How to grow your real estate business. Everything is earnedGet involved with Eric's projectshttps://www.marketdistrictdevelopment.com/eric@md-atl.comfounder of Health Sprout Chiropractic and Wellnesshttp://www.healthsprout.com/easy adventure raceSwamp Fox AR by KanDo Adventures - 3/16/24https://www.kandoadventures.com/swamp-foxStarbucks just north of downtown WoodstockLearn to sit well with riskPay your taxes but understand which you don't have to payUse a third party to do your booksTalk to your tax attorney a LOTWealth planning:Vincent Financial...
2023-07-142h 16The Money Pig PodcastWHY you need a budget. How to get started.Episode 20 - WHY you need a budget. How to get started. Alysia Dicks, certified YNAB coach and budgeting expert, joins the Money PIG Podcast to discuss the topic of budgeting. They explain what YNAB is and how it helps manage finances. YNAB is the budgeting app of choice and the one Goodwin Investment Advisory staff members use as well as recommend to clients. Alysia shares her personal journey with budgeting and how it transformed her own financial situation. Budgeting is seen as a way to align spending with priorities, rather t...
2023-07-0646 minThe Money Pig PodcastHow much is TOO much to spend on Taylor Swift tickets?Episode 19 - How much is TOO much to pay for Taylor Swift tickets?The Money Pig podcast discusses, “How much is too much to spend on Taylor Swift tickets,” with Wealth Advisor Ray Brown. Reid Trego and Ray explore the topic of spending money on recreational activities and hobbies, such as concerts and travel, and when it's responsible to do so. The conversation covers budgeting for fun while also prioritizing saving and giving. The hosts share personal examples, including planning their honeymoon expenses ahead of time. Overall, the discussion emphasizes the importance of balancing fina...
2023-06-2617 minThe Money Pig PodcastWhat can I do now to plan for the next tax season?Episode 17AI meeting summary:Reid Trego hosts the Money Pig podcast with CFP Justin Pitcock discussing tax strategies. Tax deductions are categorized as above the line and below the line, with above-the-line deductions including pre-tax 401k, HSA contributions, and employee component of health insurance that lower AGI. Below-the-line deductions include charity, mortgage interest, state and local tax (capped at $10k), medical expenses exceeding 7.5% of AGI which can be bunched together for itemized deduction along with charitable giving using a donor-advised fund to pre-fund future donations in high-income years before current law sunsets...
2023-06-1921 minThe Money Pig PodcastWhat do retirees say is the best part of retirement?Episode 16At the Goodwin Investment Advisory Client Appreciation Event, retirees Fred and Jill Goodwin share their experiences. They emphasize how having financial peace allows them to focus on enjoying retirement, supporting ministries and traveling. They also mention the importance of investing in grandchildren and finding a pace that works for you. The podcast is hosted by Reid Trego from Goodwin Investment Advisory.
2023-06-1210 minThe Money Pig PodcastMy fiancee thinks After Pay is the devil. Is he right?Episode 15AI meeting summary:The Money Pig Podcast is broadcasting from the 2023 client appreciation event at Rocky's Lake Estate in Georgia. They discuss After Pay, a line of credit that allows consumers to pay for products over time with 0% interest, but caution against committing to purchases they wouldn't have made otherwise. Merchants pay After Pay, and the cost is factored into pricing. The podcast emphasizes the importance of delaying gratification and being aware of advertising tactics when making financial decisions.
2023-06-0506 minThe Money Pig PodcastBONUS!! Live from our 2023 Client Appreciation EventEpisode 14:Title - BONUS! Client Appreciation Event 2023, IRAs and the Boston Bruins*Sorry for any grammatical errors as this description was generated using AIIn this episode of the Money Pig podcast, host Reid Trego is joined by Financial Advisor Rory Glatt at a client appreciation event. They take questions from attendees about investments, including traditional vs Roth accounts and investing in the stock market vs betting on sports. The podcast's mission is to promote financial peace, independence, and generosity through their advice and expertise. The h...
2023-05-2907 minThe Money Pig PodcastSECURE 2.0 Act of 2022 made simpleEpisode 13 -Title - The SECURE 2.0 Act of 2022 made simple*Sorry for any grammatical errors as this description was generated using AIIn this episode of the Money PIG podcast, host Reid Trego and Rory Glatt, CFP® professional, discuss the Secure Act 2.0, a $1.7 trillion omnibus bill that includes changes to retirement accounts and contributions. They specifically focus on changes to Required Minimum Distributions (RMDs), catch-up contributions, and 529 plans. RMD ages have been pushed back, which can potentially put individuals in higher tax br...
2023-05-2915 minThe Money Pig PodcastWhat are Alternative and Interval Funds?Episode 12 - Title - What are alternative investment options including Interval Funds?*Sorry for any grammatical errors as this description was generated using AIReid Trego hosts a discussion with Justin Pitcock, CFP® professional and wealth management advisor at Goodwin Investment Advisory about alternative investment options. They explore ways to diversify portfolios beyond traditional stocks and bonds, including private real estate and debt. They discuss an Interval Fund structure that allows average investors access to these alternative investment fu...
2023-05-2212 minThe Money Pig PodcastBONUS! Special address from Tim Goodwin from Client Appreciation Event April 23, 2023This transcript is from the Money Pig Podcast hosted by Reid Trego, sponsored by Goodwin Investment Advisory. The podcast focuses on financial peace, independence and generosity. In this episode, Tim Goodwin joins as a guest to discuss PPIs (Purpose Performance Indicators) and KPIs (Key Performance Indicators). They break down their BHAGs (Big Hairy Audacious Goals) which center around clients, team members, community and industry as a whole. For clients specifically, they aim to empower families with confidence that their legacy will last for generations and track generational clients along with Net Promoter Score which was 83 in the latest...
2023-05-1920 minThe Money Pig PodcastWhat can I do with cash right now? (April 2023)The Money Pig Podcast, sponsored by Goodwin Investment Advisory, discusses what to do with cash in April 2023. Host Reid Trego interviews Justin Pitcock, a Certified Financial Planner™ PROFESSIONAL. The podcast covers the economics of interest rates and inflation from 2022-early 2023 that caused banks to take too much risk when investing depositors' money. Options for cash include checking accounts, savings accounts, money market accounts paying around four and a half percent right now due to Fed raising rates; CDs ranging from several months to years; and Treasuries backed by the full faith and credit of our government yielding abo...
2023-05-1515 minThe Money Pig PodcastShould I pay cash for a car or finance it?AI meeting summary:Reid Trego hosts the Money Pig podcast and is joined by Ray Brown, an associate wealth advisor, to discuss ways to buy a car. They explore paying cash versus financing or leasing. Ray recommends paying cash as it's cheaper and encourages individuals to build up their savings over time. However, for those who can't save enough money upfront, they suggest putting 20% down and not financing for more than three years using the 20-3-8 Rule. Financing makes it easier to say "yes" to extras like warranties and upgraded features that increase the cost of the...
2023-05-0817 min
The Money Pig PodcastWhen should I hire a Financial Advisor?Episode 9GIA Founder Tim Goodwin, CFP®, joins the Money PIG Podcast to talk about when people need to hire a Financial Advisor? Learn about SINKs, DINKs and HENRYs Are you wondering, “When can I retire?” Will I have enough money to retire comfortably? How do I determine the best time to retire? Is there anything else I should know or be doing to better prepare myself and my family for retirement? Are you frustrated with your current advisor? Do you fe...
2023-05-0210 minThe Money Pig PodcastHow do I make a career transition?Episode 8GIA Certified Financial Planner candidate Ray Brown joins The Money Pig Podcast to discuss how to make a career transition.How do I make a career transition?Can I afford to change jobs?What is the Donkey Kong ladder jump?Do you need someone to help you decide if you are in a position to make a career transition? If you would like to connect with an advisor on our wealth management team please schedule a free ...
2023-04-2419 minThe Money Pig PodcastPensions - why are they so complicated?Episode 7Goodwin Investment Advisory Certified Financial Planner™ PROFESSIONAL, Justin Pitcock, joins The Money Pig Podcast to discuss Pensions - “Why are they so complicated?”Should you take a lump sum payout or the annuitized payments?What are your options for your pension?How can you leave a financial legacy for your heirs?Do you need someone to help you decide how to navigate whether to take a lump sum payout or monthly payments for your p...
2023-04-2108 minThe Money Pig PodcastI have $100,000. What should I do with it?Episode 6Goodwin Investment Advisory’s Certified Financial Planner™ PROFESSIONAL, Rory Glatt, joins The Money Pig Podcast to answer the question: If you have $100,000 to invest, what should you do with it?Should you pay off debt?Should you save in an IRA for retirement?Should you invest in a business?Should you buy a home?Should you buy rental real estate?Should you go back to school?If...
2023-04-1909 minThe Money Pig PodcastSocial Security's role in retirement planningEpisode 5GIA Certified Financial Planner™ PROFESSIONAL, Joe Beckford joins The Money Pig Podcast to discuss Social Security’s role in Financial Planning.Will Social Security be there when you need it? Will Social Security still be available for you when you retire? Check out SSA.gov to find your expected benefits!What happens in the year 2034?Can you live on Social Security alone in retirement? Joe shares a Certified Financial Plann...
2023-04-1709 minThe Money Pig PodcastWhat is a fiduciary and why does it matter?Episode 4Certified Financial Planner™ PROFESSIONAL, Joe Beckford, joins The Money Pig Podcast to answer the question: What is a fiduciary and why does that matter?What does it mean to be a fiduciary?. What is a fiduciary? And, why should you make sure your advisor is one?To us at Goodwin Investment Advisory, a fiduciary means you as the client are put first and foremost. The advisor has an integral obligation to make financial decisions and recommendations that are...
2023-04-1406 minThe Money Pig PodcastIRAs made simple. The difference between Roth and TraditionalEpisode 3Rory Glatt, CFP®, joins The Money Pig Podcast to discuss the difference between a Roth and a Traditional IRA - IRAs made simple! Individual Retirement Accounts (IRAs) provide tax advantages for retirement savings and growth. You can contribute each year up to the maximum amount allowed by the Internal Revenue Service according to your income. Rory shares about tax advantaged growth and how both the Traditional IRA and Roth work for you as if you can contribute and if so how much you can contribute to...
2023-04-1208 minThe Money Pig PodcastWhat do Financial Advisors do?Episode 2Goodwin Investment Advisory’s Certified Financial Planner™ PROFESSIONAL, Justin Pitcock joins The Money PIG podcast to answer the question "What exactly do Financial Advisors do?" What do Registered Investment Advisors do? Do I really need a financial advisor? How are Registered Investment Advisors regulated to keep your money safe? If you are looking for a Registered Investment Advisor to be your financial guide, please reach out and tell us your story by scheduling an intr...
2023-04-1109 minThe Money Pig PodcastIntroduction to Goodwin Investment AdvisoryEpisode 1Goodwin Investment Advisory founder and President, Tim Goodwin, CFP® joins the Money PIG Podcast to talk about why, when, and how GIA was founded.What is compound interest?When was Goodwin Investment Advisory founded?What is the Goodlife Pyramid?What is Maslow’s Hierarchy of Needs?Download our Investor’s guide to your right-fit advisor, or download Tim’s free book, Exponential Wealth. If you want to...
2023-04-1022 min