SkyBlue Wealth Weekly: Recent Episodes
Eric Powers
Explore financial topics with Financial Advisor Eric Powers
https://www.skybluewealth.com/
Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor.
Private Advisor Group and SkyBlue Wealth Advisors are separate entities from LPL Financial.
The opinions voiced in this show podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision
Living on Social Security alone - relying solely on it to make ends meet during retirement. There was a recent article about it and it was very popular so I figure we need to discuss it.
eric@skybluewealth.com
860-368-0827
www.skybluewealth.com
We’re going to dive head-long into the biggest problems facing small businesses. It’s always something right?… pandemics, inflation, cars crashing through your front door…. trust me that last one happens or businesses wouldn’t bother installing those yellow concrete posts!
eric@skybluewealth.com
860-368-0827
www.skybluewealth.com
How important is human psychology when it comes to managing money? Just as vital as your digestive system is to converting food into energy. Mental health and mind management are as important as physical aspects of our bodies. It’s just that physical issues are harder to ignore, whereas mental issues don’t get dealt with until things get really bad ---- luckily that mindset is changing.
Eric@skybluewealth.com
860-368-0827
www.skybluewealth.com
Today, we’ve got a light-hearted topic but also one that’s serious since so many young people are falling for these get-rich-quick plans. I use the word “plan” loosely here Why not just call them schemes? That’s the interesting part because many of these plans have seeds of truth sprinkled in. And while you may not fall for YouTube videos promising ways to generate thousands of dollars in weekly passive income, your teenage kids or nephews or nieces could.
eric@skybluewealth.com
860-368-0827
www.skybluewealth.com
Today we talk about a recent study showing why younger generations are not setting themselves up for financial success in the future. Procrastination plays a big role - so I’ve got tips for overcoming procrastination - a good idea financially but also, another study links procrastination to poor health outcomes.
eric@skybluewealth.com
860-368-0827
www.skybluewealth.com
Today’s show is going to be a wake-up call for young people - older generations too. I know the information was eye-opening for me even though I constantly see the numbers on how many Americans are not prepared for retirement or not earning enough in their golden years if they’re still working.
We’ve got a great show lined up today as we discuss 8 scenarios when it may be a good idea to sign up for Social Security benefits as soon as you can. You may have heard the advice to wait a few years so you can maximize the amount of those Social Security payments, but there’s more nuance to it, so we will break it all down.
The hidden cost of everything - and if you’ve been on this planet for over 25 years, by now, you know there are hidden costs everywhere you turn. People mainly think about gotchas at a car dealer - kinda of a cliche, but often true. We will touch on those costs but there are a litany of others we are gonna warn you about. I bet we run out of time before we get to all the ones on my list here.
We are going to let you know how to avoid paying a high interest rate on mortgages. It’s true, some Americans are avoiding those 7% mortgage rates through Assumable Mortgages. These home buyers are getting reasonable rates of 3% in many cases. I’ve got the details coming for you home shoppers who are close to giving up due to high interest rates.
eric@skybluewealth,com
860-368-0827
www.skybluewealth.com
Today we discuss the importance of state tax rates and what you can do to protect your hard earned income.
eric@skybluewealth.com
860-368-0827
www.skybluewealth.com
Today we’ll break down all the pros and cons of taking IRA required minimum distributions monthly, quarterly, or annually. Plus, we’ll cover some other popular questions about RMDs along with nuances that could save you money and help you avoid a withdrawal mistake because you didn’t know these obscure rules.
eric@skybluewealth.com
860-368-0827'
www.skybluewealth.com
This is the podcast where you can learn tactics for earning and saving more money so you can invest in a retirement that will get here before you know it. And since we are in holiday mode around here, I figured I’d plow through several holiday shopping statistics and contrast them with financial issues that are a constant here in the U.S.
Today we're going to talk about one of the best wealth habits I know of. Doing the same thing over and over again to get the results you want. You know the old saying that defines insanity as doing the same thing over and over again expecting different results? - that is the key here. Because when you get a positive result, repeating the same steps that produced the result is wise, right?
Today we’re going to break down what the late fees are for income taxes. As you can imagine, the IRS isn’t exactly willy nilly with their rules. They want their payments on time every time. We’ll see what it costs Americans when they file late and send income tax payments late. Not only that, I’ve got new data on how far a hundred dollar bill goes, depending on where you live. You may be floored by the difference between two metros in particular.
eric@skybluewealth.com
860-368-0827
www.skybluewealth.com
What's the real value of $100 in metropolitan areas?
I’ve got great news about Millennials who are doing pretty well with their financial planning… and we’ll break down the not-so-good news these young people need to be aware of too.eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today we are digging into divorce and finances. No one wants to be involved in a divorce but sadly - about half of marriages end up in break-ups. This episode is packed with facts and stats that will help you understand how much can go wrong with your finances during a divorce and afterward.
Today we’ll look at what makes millionaires tick and how they approach life, work, and investing. Maybe even mix in some off-beat quotes from some wealthy folks known for being characters.eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today’s topic is a good one no matter where you’re at - physically and financially. We’re going to break down how much savings it takes to live in certain states across the U.S.eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today we discuss a dark topic,but one we all have to face at some point - the cost of funerals. Be it a family member or when we ourselves clock out for the last time. Death and taxes are certain.Eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today we are going to go over a ton of interesting business statistics and facts -- from startups to traditional businesses.erix@skybluewealth.com860-368-0827www.skybluewealth.com
I spent a couple hours on the app and made two columns of notes. The good financial tips and the bad. We’ll go through them all and you can decide which two or three tips should have gone in the ugly column. I think you’ll be surprised at some of the advice found on an app dominated by the younger generation.
Today’s topic contrasts luck and hard work, because it’s a trending topic and honestly it has always been hotly debated when it comes to what creates success.Eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today’s episode is a big deal… because Americans are suffering major financial losses due to their health insurance claims being denied. But the financial part of this awful situation is only part of the problem and we’re going to dig into it so you and your family can protect yourself, should this happen to you.
Today we’re focusing on women and the unique challenges they face with careers, saving, investing, and ensuring they’re covering all the basis for their golden years.eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today we cover taxable income - specifically the breakdown of where Americans earn their money that is then taxed by Uncle Sam.Sources of Taxable Income - 2020Eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today’s episode is going to take two routes. We’ll talk about passive income ideas and also the number one passive income that is so easy to come by - yet millions of people ignore it all together.Eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today we're talking about credit scores. And this is key… your credit score matters whether you’re 35 or 65. We’ll dig into the details of why and how it affects Americans regardless of age or income or how much money you have saved up.
Eric@skybluewealth.com
860-368-0827
www.skybluewealth.com
Today’s topic is a tough one that is affecting a ton of Americans - nearly half the families in America have no retirement savings at all, according to the Economic Policy Institute. That’s bad news but we are not going to let that determine our future because there are steps you can take today if you’re in that boat.
We are going to cast a wide net today and discuss big money. Big money that you could lose or waste if you fail to watch out for all of the insurance gotchas out there. And believe me - there are a ton of them - from life insurance to health coverage to pet and travel insurance.Eric@skybluewealth.com860-368-0827www.skybluewealth.comHow to Appeal a Denied Medical Claim
Today's topic? Artificial Intelligence - but we’re going beyond the main headlines to look at opportunities with this new technology that everyone else is likely to overlook.
In today’s show we’re going to talk about small business. If you own one or are a key player in a business, you probably get overwhelmed reading about business trends and tactics on a daily basis. It’s a lot, right? Luckily, there are ways to simplify small business success.Eric@skybluewealth.com860-368-0827www.skybluewealth.com/blog
Today we have a cool episode lined up as we dig into a crucial number - the average retirement age in America. We’ll also compare it to other countries just to give you a different perspective. Plus, you’ll want to watch out for one big problem with retirement - that lie that many people tell themselves that just doesn’t work out like they think.
Today - we’re doing a breakdown of income taxes and what Americans really pay - I’ll cover lots of fresh stats for you from the non-profit Tax Foundation.org. Plus at the end of the show - I’ll reveal which states can make your income go farther with the lowest state sales tax rankings.Eric@skybluewealth.com860-368-0827www.skybluewealth.com
We wanted to highlight some of the best places for retirees to check out. Also for those nearing retirement - you might want to check out a city you plan to move to during retirement or just find another spot to add to your regular vacation list.Eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today, we set sail into the exciting world of charitable giving, exploring how to make the most impact while reaping financial benefits.Eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today, we'll be examining strategies for claiming Social Security benefits, discussing the pros and cons, and ultimately guiding you towards the best decision for your retirement needs..Eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today's show is all about money mistakes. We all make them, even when we earn good salaries, even if we keep a tight budget and are super organized. This show will help you learn to avoid them.Eric@skybluewealth.com860-368-0827www.skybluewealth.com
Today we will highlight the best cities to work in if you work remotely. We’ll touch on the worst cities too. Good info whether you’re an IT security expert, cloud engineer, mobile developer, etc.
This is a must-listen episode. Even if you don't, this information will be helpful in your financial journey no matter how far along you are. It’s all about saving for the future - setting our future selves up for success - and why it fails to happen way too often.
We’re digging into the pros and cons of Rent-to-own homes. Relevant information whether you’re a property owner or hope to be one day soon. Rent-to-own is a viable financial option but the devil is in the details so we’ll uncover those details today.Eric@skybluewealth.com860-368-0827www.skybluewealth.com
Healthcare is notoriously expensive. In this episode we discuss some of the ways to address these costs.Eric@skybluewealth.com860-368-0827www.skybluewealth.com
What’s the one thing people never tell you about how to save money? It’s simpler than you think.Eric@skybluewealth.com860-368-0827
Today we’re going to highlight small business deductions and business tax credits you don’t wanna miss out on come tax time.Small Business Tax CreditsSmall Business Tax DeductionsSkyBlue Wealth BlogEric@skybluewealth.com860-368-0827
We're talking taxes - which makes people queasy - especially small business owners. But the facts, stats, and stories we are going to go over, should give you several ways to make sure the Tax Man doesn’t cause you any extra headaches. This episode will get you thinking about tax items that you just never thought of.Eric@skybluewealth.com860-368-0827IRS Website
We’ll look at the fastest growing careers for 2023 and beyond. Most of these we’ll focus on are careers that pay big money. Earning more - makes it easier to invest more.
100 Best Jobs
Blue Collar Jobs
Fastest Growing Fields
www.skybluewealth.com
Eric@skybluewealth.com
860-368-0827
Today we're talking about ways to ramp up your income in 2023 and protect your income even if you do face a lay off.
Eric@skybluewealth.com
860-368-0827
Investing doesn’t have to be complicated in order to be effective. Today we discuss an example of how sometimes the most simple investments are the most profitable.
Eric@skybluewealth.com
860-368-0827
135 Failed Startups
Today we discuss some of the many reasons people believe they can’t or don’t save money.
Eric@skybluewealth.com
860-368-0827
Today’s episode will look at a top-50 list Forbes puts out each year on A.I. technology companies that Forbes sees as shaping the near future.
Forbes AI 50
Eric@skybluewealth.com
860-368-0827
Today's topic is all about tax returns. We'll talk about important dates, and interesting stats from previous tax years.
If you have any tax questions please reach out!
860-368-0827
Eric@skybluewealth.com
IRS Website
Free File
SkyBlue Wealth Blog
We’re gonna mix things up with some commentary on those crazy audit stories plus we’ll mix in some tax and IRS facts to hopefully help you stay between the guidelines on your tax returns.
The 401k topic is always a hot one because if you work for a company or corporation then it’s highly likely you have that type of retirement plan available to you. But the questions people have about their 401k plan change depending on how the stock market is doing. Today we discuss those questions and more.
Sure, lots of people make New Year’s resolutions to do better with their finances and that propels them to review where their money went the past 12 months. But you can do this any month of the year, folks - and should. Regular reviews will help you save lots of money just by taking notice of wasteful spending.
Today we discuss five small business tax credits to discuss that you may not know anything about, including the electric vehicle tax credits.
Work Opportunity Tax Credit
Electric Vehicle Tax Credits
CNBC Article on Electric Vehicle Tax Credits
SkyBlue Wealth Blog Posts
You won’t believe how big a difference small details can make when it comes to how much you get taxed on assets that you sell at a profit. Today we discuss the factors that impact how much you are taxed when you decide to sell.
Today we talk about how adding too much to your IRAs can cause you trouble and cost you money in the form of penalties and taxes, and how you can avoid making these mistakes.
Is a Roth Conversion Right for You?
IRS - Over Contribution Form and FAQ's
Today we give you a heads up about tax changes and things you can do to help make sure you don’t overpay when 2023 rolls around.
2023 Tax Brackets Blog Post
Inflation Calculator
Today we discuss the possible benefits of converting an IRA account to a Roth IRA and whether it could be right for you.
Are you going to have to delay your retirement a few years? Want to find a more enjoyable job for those extra working years? Then you’ve gotta listen to this episode.
Today’s show will focus on the yearly gift limits - looking at how to take advantage of it and save yourself some money in taxes and possiblyprotect your wealth in the future.
https://www.irs.gov/taxtopics/tc313
Today we’re going to cover a boatload of facts about employee happiness and mental health concerns.
https://www.realestatewitch.com/employee-unhappiness-2022/
https://www.sallyspencerthomas.com/guides-tools-and-other-beastly-resources
Today we discuss pivots that businesses have made that impacted the company forever. These changes sometimes save a company in trouble but oftentimes the pivot was just a change that made more money for an already profitable company.
Today’s show is all about finding hope even in gloomy times. A bear market or recession puts the negativity into overdrive online and at every news outlet so we’re going to push back on that. We’re going to talk about success stories that came out of past recessions or even the Great Depression. We’ll also look back at the 1970s -- lessons learned from that intense inflation and recession.
Today we discuss why some high earners are leaving certain states and cities in the US.
Best places to live.
https://www.city-data.com/top44.html
Compare crime rates here.
https://www.bestplaces.net/crime/?city1=51714000&city2=55553000
We all have stress when it comes to finances, however there are ways you can manage these worries.
Today we’ll be breaking down the debate about which stocks are better. Growth or Value - plus we’ll touch on rebalancing your portfolio.
Want to try one of life's toughest challenges? Try living on social security only. Join us as we discuss ways you can make this a reality.
Everyone has a different tolerance to financial risk. There are many factors that can influence this. Join us this week as we discuss why risk tolerance is such an important factor in investing.
In this episode we’ll break down some retirement portfolio examples that show how crushing a down market can be early in retirement and why.
This week, Eric discusses the most common fears of those approaching retirement and how you should address them.
If you have any questions please reach to Eric at Eric@skybluewealth.com
This week Eric discusses many of the most common myths about retirement, and sheds light on the truth behind these myths.
This week Eric discusses a way for retired individuals to use their expertise developed from a long career as a source of additional income during retirement.
A big pile of money sounds good at any point in life, right? But it is possible to leave too much on the table at the end of our retirement. Join Eric in discussing how much of your hard earned money you should be spending during your retirement.
Eric discusses current market volatility, and what you should be doing with your investments in these unsure times.
Join Eric in discussing one of the pit falls of retirement that may come as a shock to people way too late.
Join Eric in discussing ways you can invest in the most important investment in your life.... your health!
Join Eric as he discusses creative ways of saving money to help you reach your retirement sooner.