Wealth Builders - A StatonWalsh Podcast

This episode of Wealth Builders delves into the recently announced IRS updates for the 2024 tax year, offering listeners an in-depth understanding of the new tax brackets, standard deductions, and retirement plan contribution limits. Designed to assist taxpayers in proactive financial planning, this episode breaks down complex tax changes into easily digestible insights.

Key Segments:

1. Understanding the Tax Bracket Inflation Adjustment:
   • Analysis of the 5.4% increase in tax brackets for 2024.
   • Discussion on how these adjustments may affect individual tax liabilities.
2. Navigating the Increased Standard Deductions:
   • Overview of the raised standard deductions to $29,200 for married couples and $14,600 for single filers.
   • Expert advice on whether to itemize deductions or opt for the standard deduction.
3. Maximizing Retirement Savings:
   • Insights into the increased IRA contribution limits, now at $7,000, and catch-up contributions for those aged 50+.
   • Strategies for leveraging workplace retirement accounts like 401(k)s.
4. Estate Planning with Updated Gift Tax Exclusion:
   • Explanation of the raised annual gift tax exclusion to $18,000.
   • Tips on estate planning and gifting strategies under the new rules.

Make sure to like and subscribe if you enjoyed the show!
For more information on StatonWalsh please visit, StatonWalsh
This podcast is for informational purposes only. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. StatonWalsh and Founder’s Financial Securities do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
Ryan Staton is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Devin Walsh is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Check the background of this firm on http://brokercheck.finra.org/

Plan on Your Plan Not Going According to Plan- The Most Overlooked Variable in Financial Planning

As we unveil our newest WealthBuilders episode: "Plan on Your Plan not Going According to Plan" it might prompt you to question the use of "plan" in the title three times . And just like that, you’re engaged — because indeed, in the realm of financial planning, redundancy isn’t just a concept; it’s a critical strategy.

In this episode, we deconstruct the conventional disdain for redundancy and highlight its pivotal role in safeguarding your financial journey. Airplanes are the perfect metaphor here — with multiple fail-safes to protect against the unforeseen, they represent the epitome of meticulous planning. Similarly, in finance, creating redundancy means crafting a buffer against life's unpredictable nature.

We dive into the art and science of financial planning, balancing precise calculations with the flexibility to manage life's inevitable uncertainties. With discussions on the practicality of emergency funds, the wisdom of diversification, and the power of saving without a fixed purpose, this episode is a comprehensive guide to incorporating room for error into your financial strategy.

Here's a glimpse of the rich insights this episode offers:

1. 🛫 The Wisdom of Redundancy: Why planning for the unexpected isn't pessimistic, it's pragmatic.
2. 🛡️ Room for Error: How a buffer can transform uncertainty from a threat into an opportunity.
3. 🔄 Mitigate Stress: The psychological benefits of having a financial cushion.
4. 📈 Avoid High-Risk Pitfalls: Steering clear of strategies that promise the moon but could land you in the dust.
5. 🚀 Incorporating Room for Error: Actionable steps to build resilience into your financial plan.

The path to financial freedom isn't a sprint; it's a marathon with its own set of hurdles. This episode is your playbook for enduring and thriving amidst the financial race of life.

Make sure to like and subscribe if you enjoyed the show!
For more information on StatonWalsh please visit, StatonWalsh
This podcast is for informational purposes only. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. StatonWalsh and Founder’s Financial Securities do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
Ryan Staton is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Devin Walsh is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Check the background of this firm on http://brokercheck.finra.org/

Are you tired of the same old financial planning advice? It's time to tune into our latest podcast episode: "The Art of Financial Planning".

In this episode, we dive deep into the world where finance meets creativity. Discover why financial planning isn't just about numbers and spreadsheets – it's an art form that blends science with imagination. 💡🎨

What's Inside:

• 🌐 The Intersection of Art and Science: Explore how blending analytical rigor with creative thinking can revolutionize your financial strategy.
• 🧩 Customized Solutions for Real People: Hear about unique financial plans that bring dreams to life, tailored just for you.
• 💭 Creative Problem Solving: Learn how thinking outside the box solves financial puzzles
• 🔄 Adaptability in a Dynamic World: Stay ahead in the ever-changing financial landscape
• 🎯 Visualization and Goal Achievement: See how envisioning your financial goals can make them more achievable than ever.
• 🛡️ Risk Management Redefined: Find out how a dash of optimism can transform the way you manage financial risks.

Every financial journey is unique, and this episode is your compass to navigate it with creativity and confidence. Whether you're planning retirement, managing investments, or just curious about financial planning – there's something here for everyone!

Make sure to like and subscribe if you enjoyed the show!
For more information on StatonWalsh please visit, StatonWalsh
This podcast is for informational purposes only. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. StatonWalsh and Founder’s Financial Securities do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
Ryan Staton is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Devin Walsh is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Check the background of this firm on http://brokercheck.finra.org/

It's Life Insurance Awareness Month! Evan Roberts joins us on the podcast this week to discuss how life insurance works and when the right time to own it is. No one really wants to talk or think about life insurance, but if someone depends on you financially, it's a topic you can't avoid. Evan breaks down the the different stages of life where it may be beneficial to own a policy from just getting married to owning a business.
This podcast is for informational purposes only. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. StatonWalsh and Founder’s Financial Securities do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
Ryan Staton is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Devin Walsh is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Check the background of this firm on http://brokercheck.finra.org/

Make sure to like and subscribe if you enjoyed the show!
For more information on StatonWalsh please visit, StatonWalsh
This podcast is for informational purposes only. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. StatonWalsh and Founder’s Financial Securities do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
Ryan Staton is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Devin Walsh is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Check the background of this firm on http://brokercheck.finra.org/

Top Gun and Bonds, what could they have in common? Make sure to listen in on this weeks episode to find out as we are joined by a very special guest, Kevin Flanagan. Kevin is the Head of Fixed Income Strategy at Wisdom Tree Asset Management. One of the topics we continue to see in the headlines is the talk around rising interest rates. We also talk about inflation and the strategies investors can use in the fixed income portion of their portfolios moving forward.
This podcast is for informational purposes only. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. StatonWalsh and Founder’s Financial Securities do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
Ryan Staton is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Devin Walsh is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Check the background of this firm on http://brokercheck.finra.org/

Make sure to like and subscribe if you enjoyed the show!
For more information on StatonWalsh please visit, StatonWalsh
This podcast is for informational purposes only. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. StatonWalsh and Founder’s Financial Securities do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.
Ryan Staton is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Devin Walsh is an Investment Advisor of, and securities offered through, Founders Financial Securities, LLCMember FINRA/SIPC and Registered Investment Advisor.
Check the background of this firm on http://brokercheck.finra.org/