The Wealth Fix

Are you facing the challenge of managing a concentrated stock position? Today, we delve into the world of concentrated stock and provide you with expert strategies to effectively navigate and safeguard your wealth. Whether you've acquired a significant amount of stock through company options, inheritance, or other means, it's crucial to have a solid plan in place to optimize your financial future. Never let concentrated stock keep you awake at night with these 5 management strategies.

The IRS Tax Code can be overwhelming, but don't miss out on incredibles tax savings strategies! In this video, we reveal four amazing tax loopholes that can help you save big on taxes. Learn about the Augusta Rule (IRS Section 280A) that allows you to rent out your home tax-free, even to your own business. Discover how income shifting by employing your children can lower your tax bracket and enable them to invest in a tax-free Roth IRA. Uncover the backdoor Roth IRA strategy for high-income earners and the mega backdoor Roth for 401(k) contributions. Lastly, optimize yourHealth Savings Account (HSA) to turn it into a tax-efficient investment account. Watch Now and take advantage of these powerful tax strategies!

Resources mentioned in the video: 

Article on Backdoor Roth IRA and Mega Backdoor Roth:https://bulloakcapital.com/blog/how-mega-backdoor-roth-iras-work/ 

Discover the 3 biggest risks that can jeopardize your retirement and learn how to protect your future. In this video, we explore the three major risks to retirement and provide practical strategies to mitigate them. From outliving your savings to sequence of returns risk and the psychological challenges of lack of purpose, we cover it all. Join us to ensure a secure and fulfilling retirement by navigating these risks effectively.

Nvidia is one of the single most valuable companies in the world with a value of $1 TRILLION. You read that right, 1 trillion. With stock skyrocketing by 170% year to date and shows no signs of slowing down. That being said, is Nvidia the next stock bubble? We take a look at the 4 biggest risks facing Nvidia and break down what you need to know before investing. Don’t get caught in the next stock bubble pop with this can’t miss Wealth Fix advice!

I Bonds interest rate 2023 update. The interest rate for I Bonds purchased between May 2023 and October 31, 2023 is 4.3%. This is made up of a variable interest rate of 3.8%,and a fixed rate of 0.9%. This I Bond fixed rate of 0.9% is the highest fixed rate for I Bonds in 15 years. In this video we breakdown what I Bonds are, the new rate, how the interest works, how I Bonds are taxed, the restrictions, and purchasing limits. Finally, we discuss who should buy I bonds and who shouldn't.

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What are bonds? Are they similar to stocks or a completely different investment? What is the price for a bond? Is a bond a good long term investment? Find out in all these answers and more with your Bonds 101 guide! we'll dive into what bonds are, where they come from, how bonds can help your financial future. Take your first step towards financial freedom with this can't miss Wealth Fix!

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New to investing? Dive into Stocks 101: What Are Stocks and Why You Should Invest! In this beginner-friendly guide, we break down the basics of stocks and explain how investing in them can transform your financial future. Uncover the potential of stocks and learn the essential strategies to start building wealth today. Subscribe for more investing tips and tricks! #Stocks101#InvestingBasics #FinancialFreedom

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Embark on your investing journey with our Beginner's Guide to Warren Buffett's 7 Investing Rules! This video is specifically designed for those new to the world of investing, offering valuable insights from the legendary Oracle of Omaha. Learn the fundamental principles that have driven Buffett's unparalleled success and how you can apply them to your own financial growth.

In this episode, we break down:

1 The power of long-term thinking in investing 🕰️

2 The importance of understanding businesses 📚

3 How to approach market fluctuations with confidence 📉

4 The value of patience in wealth creation ⌛

5 Diversification vs. concentration in your portfolio 🎯

6 The significance of investing in yourself 🧠

7 Why integrity matters in business and investing 💼

Don't let your lack of experience hold you back from achieving financial success. Subscribe to our channel and hit the notification bell to stay updated on more beginner-friendly investing advice. Be sure to like, comment, and share this video to help others kickstart their investing journey too! #WarrenBuffett #InvestingForBeginners #BeginnersGuide

If you have a mortgage and positive cash flow, you're likely asking yourself whether you should pay off your mortgage or invest. In this video, we'll explore the common belief that if you have a low mortgage rate, you should invest instead, while a high mortgage rate means you should pay it off as soon as possible.

We'll examine the assumption that stock market returns are linear and explore how they can vary greatly. You can even experience an entire decade of zero returns while making mortgage payments.

Age also plays a role in this decision. We'll discuss where to dedicate your cash when you're 33 vs. 53 and why paying off your mortgage is ideal for those above mid-40s. We'll also touch on why the best money decision isn't always the best personal decision and the benefits of having no mortgage when entering retirement or starting your own business.

Ultimately, the decision comes down to opportunity cost. We'll explore what else you could do with that money, including investing in stocks or cash. We'll discuss what your time horizon should be when investing in stocks and why investing in cash is a straightforward situation.

Other factors to consider include having low debt costs during times of high inflation and not having too much of your net worth tied up in your home going into retirement.

Join us for this informative video and learn the surprising answer to whether you should pay off your mortgage or invest.

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What are the best questions to ask a financial advisor? If you're thinking about hiring a financial advisor, it's essential to ask the right questions to make sure you find someone who understands your financial goals and can help you achieve them. 

First, we'll cover the basics, such as their experience and qualifications. Then, we'll dive into more specific questions, like how they plan to invest your money, how they charge for their services, and how they'll work with you to develop a personalized financial plan.

We'll also cover some red flags to watch out for, such as advisors who promise unrealistic returns or who don't have your best interests at heart.

At the end of this video, you'll have a clear understanding of what to look for in a financial advisor and how to choose the best one for your needs.

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How do Millionaires invest? We break down exactly how millionaires invest their money, their strategy for investing in the stock market, and what you need to know to invest like a millionaire yourself.

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

How much house can I afford in 2023? Calculating how much house you can afford is one of the most important financial decisions you will ever make.

First, understand your income and expenses to get a realistic budget. Then you can use your gross income to determine two important ratios, known as the 28/36 rule. The 28 refers to your home payments in that your all-in-home costs should not exceed 28% of your gross monthly income. The 36 refers to your debt-to-income ratio. Your DTI is a target that the total of your monthly debt payments (including potential mortgage payments) should be less than 36% of your gross monthly income.

Mortgage lenders use these two ratios as benchmarks to determine how much loan you can qualify for. 

Additionally, you should look at the down payment you can make, as this will affect the total amount of your mortgage. By taking into consideration all of these factors, you can get a better understanding of how much house you can afford.

Want more financial planning tips and strategies? 

Bad money habits are keeping you from building wealth. Being aware of your money habits will help you get on track to build wealth and reach your financial goals. In this video, we break down 7 major money habits to avoid, and share personal finance and investing tips to fix them.

Should you listen to Dave Ramsey? Dave Ramsey is one of the biggest names in personal finance? He popularized the debt snowball method and has helped millions of people get out of debt and improve their money habits. When it comes to investing in the stock market, his investment advice should be avoided. He ignores data and relies on investment myths. In this episode, we break down the good and the bad of Dave Ramsey.

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

Links and resources: https://thewealthfix.com/?p=383

What are the best steps to prepare for the 2023 recession? We break down what you can do to prepare for the next recession. We discuss the importance of an emergency fund, paying off debts, understanding your spending, and continuing to invest and diversify your investments.  Let us guide you in long-term thinking so you can feel prepared with the best steps to prepare for the 2023 recession.

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

Links and resources: https://thewealthfix.com/7-steps-to-prepare-for-the-2023-recession/

What are the best high yield savings accounts? Which banks offer the best high yield savings accounts in 2023? What are the current interest rates of the best high yield savings accounts? In this video, we discuss everything you need to know about the best banks to use for your own high yield savings account, how to get a better cash yield, and how to make your savings work for you.

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

We discuss the best way to pay off debt using the debt snowball and debt avalanche methods. From credit card debt to auto loans to student debt, we discuss the best ways to pay off high-interest loans and the fastest way to get out of debt. Ryan A. Hughes and Peter Campbell break down Dave Ramsey's Debt Snowball Method and compare it to the popular Debt Avalanche Method to determine the best way to pay off debt.  

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

TikTok is always a great place to receive terrible financial advice. A trading strategy yielding better results than Warren Buffett? Establish an LLC to save on taxes? Take out a short-term loan to fund an investment property portfolio? We break down all of these videos in our latest Youtube video.

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

The 2023 stock market predictions are here…and they are likely to be completely wrong. Each year, the biggest firms on Wall St. issue their S&P 500 price target, and each year, they are off. For 2022, not one firm was within 10% of the actual price. On average, Wall St. was 23% off target.

Does this mean that you should not read these reports? No, these reports are often quite insightful. Though, we suggest that you kindly ignore the price targets. We discuss why stock market predictions are notoriously off-target and why Wall St. continues to make them.

#personalfinance #investing #stockmarket #stocks

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

Links and resources: https://thewealthfix.com/why-the-2023-stock-market-predictions-are-wrong/

Should you buy stocks and invest during a recession? Is it safe to invest when the unemployment rate is high and the economy is weak? Or should you wait to invest when the economy is stronger and the unemployment rate is low. Waiting until the labor market is strong again may make one feel better about investing, but the data is pretty straightforward; deferring your investments until the storm clouds have passed is a pretty lousy strategy. This may seem counterintuitive, but stock returns are far greater following record-high unemployment than following record-low unemployment.

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

It’s often said that cash is king, but why is this? Cash savings is the best investment you can make to protect yourself and reduce financial stress. But how much cash should you hold? Where should you be saving your cash? From treasury bonds and I bonds to the best banks for high yield saving accounts, We cover everything you need to know. Learn how to make the most of your cash in this episode of The Wealth Fix!

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial advisors Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

We discuss how tax-loss harvesting can save you on taxes and how it can be used to offset investment gains and personal income. We also discuss what the Wash Sale Rule is and how crypto is exempt from this. Ryan A. Hughes and Peter Campbell also provide an example of how to implement tax-loss harvesting in an investment portfolio and where this strategy shouldn't be used. 

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial experts Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

TikTok has tons of financial advice so it must be a goldmine, right? Before you decide to take that advice, maybe you should consult with a financial expert. Luckily, the hosts of the Wealth Fix, Ryan A. Hughes & Peter Campbell, are ready to take on TikTok. Just because it sounds like miracle financial advice, doesn’t mean it is. Let Pete & Ryan use their financial knowledge & be your guides as they navigate the world of TikTok finance!

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial experts Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

Links and resources: https://thewealthfix.com/?p=325

Wonder why you never seem to have enough money? Let me ask you this, are you budgeting? 75% of Americans have no budget plan leaving the door open to numerous financial problems. Don’t worry, financial experts Ryan A. Hughes & Peter Campbell are here to provide you with must know budgeting tips. Learn how to budget, budgeting strategies, & the questions you need to ask yourself. If you want to acquisition wealth, it all begins with a proper budget. You will not want to miss this episode of the Wealth Fix!

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial experts Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

Links and resources: https://thewealthfix.com/?p=315

We also write a weekly newsletter covering topics like this and more. Seriously, we write these ourselves. Sign up here: https://bulloakcapital.com/blog/

Nothing here should be considered personalized financial advice or solicitation to buy or sell securities. We are here to educate and invite you into the conversation. Please see our disclosures here: https://thewealthfix.com/disclaimer/

Learn more about The Wealth Fix: https://thewealthfix.com/

Learn more about our fiduciary financial advisor firm, Bull Oak Capital: https://bulloakcapital.com

What are you doing with your Exchange Traded Funds (ETF)? If your answer is, “what’s an ETF”, financial experts Ryan A. Hughes & Peter Campbell are here to educate you. Today, Ryan & Peter give you your ETF & stock market intervention! The Wealth Fix hosts breakdown what is an ETF, how do they compare to mutual funds, what kind of taxes does an ETF have, & more can’t miss information on the stock market! If you ever dreamed of living as a day trader or investing in ETFs, this is the Wealth Fix episode for you!

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial experts Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

When will inflation begin to fall? Sooner than you might believe! Financial Experts Ryan Hughes & Peter Campbell dive into 5 factors that influence inflation in the US and what the fallout could be. Will housing prices fall as we enter a recession? Will the supply chain hold? What’s happening with the money supply? You won’t want to miss this episode of The Wealth Fix podcast as Peter & Ryan break down why inflation will fall sooner rather than later!

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial experts Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

It’s the moment you’ve been waiting! Ryan and Peter sit down to answer your burning financial questions! These financial experts take to the Personal Finance subreddit & offer a unique Q&A experience. Traditional IRAs, emergency funds, mortgages, investing and more are broken down by Peter & Ryan as they go through your financial questions!  From the perspective of financial experts these are the financial tips everyone needs to know. This is an episode of The Wealth Fix you won’t want to miss!

Unsure how to create a financial plan? Nervous about how far your savings will go? Want to make your money work for you? All this and more is covered by The Wealth Fix podcast! Financial experts Ryan A. Hughes & Peter Campbell dissect the world of finance, financial planning, and everything you need to know to make smart financial decisions. With successful careers as finance professionals at Bull Oak Capital, an investment advisory firm located in San Diego, Ryan & Peter are the experts to listen to. Learn how to take your finances to the next level with The Wealth Fix!

The housing market IS going to crash! Not only that but, the housing market is going to see a correction. Average home prices are at an all time high with mortgages sky rocketing. How can you survive in such a versatile market? The Wealth Fix financial experts, Ryan A. Hughes & Peter Campbell, dive into the current state of buying and selling homes & take a look at where the housing market is going. Don’t miss this episode of The Wealth Fix, there’s never been a better housing market breakdown for buyers & sellers!

As financial planners, The Wealth Fix has received bad money advice over the years. In this episode, we share the worst investment advice ever given to The Wealth Fix.

Learn more about our show, The Wealth Fix:https://thewealthfix.com/

Links and resources: https://thewealthfix.com/we-got-bad-money-advice/

Ryan A. Hughes and Peter Campbell are financial professionals at a fiduciary financial advisory firm, Bull Oak Capital, that provides wealth management services to retirees, working professionals, and business owners across the United States. 

Learn more about Bull Oak Capital:https://bulloakcapital.com

Want to know where your income and net worth stand compared to others in your age range? Use our free calculator and download our free report PDF:https://bulloakcapital.com/where-do-you-stand-calculator-report/

An HSA (Health Savings Account) is the most tax-efficient account on the planet, even more so than the Traditional IRA and the Roth IRA. Yet, most people do not take advantage of this account. Ryan A. Hughes and Peter Campbell discuss how HSAs work, how to use them optimally for the biggest tax break, and pitfalls to avoid.

We think it is safe to say that TikTok's financial advice can be pretty awful. Put all your savings into Bitcoin because it is going to be $1,000,000? Buy an Indexed Universal Life Insurance policy for your 16-day-old baby? Cash Value Life Insurance is "off the radar" of the IRS? Ryan and Peter react to some outrageous and terrible financial advice on TikTok.  

For the first time in recorded history, California's population has declined. Perhaps you have moved or are considering moving out of the state. If so, it is extremely important to change your residency correctly to avoid California state income tax.

The Federal Reserve is crushing stocks. And bonds. And gold. And just about every other asset class out there. Inflation is raging and the Fed is doing everything it can to bring it under control. We discuss how the Fed accomplishes this and what it means for your portfolio. 

Have you ever wondered where you should be saving your money first? In this episode, we break down where to save your money first to ensure that you maximize each dollar.