Dollars&Sense Nelson Financial Planning

🎙️📈 Join Joel in a deep dive into the potential impact of the current political climate on tax and retirement changes. With expert insight and astute analysis, we explore what the recent election results mean for your finances, empowering you to make informed decisions for your future.   But that's not all – we also explore the fascinating world of cognitive biases and how they can influence our financial decision-making. Discover actionable strategies to overcome these biases and achieve your investment goals with confidence and clarity. And as if that wasn't enough, we unveil legislative changes on the horizon for 2025, including the exciting realm of catch-up contributions. Joel leaves no stone unturned as he paints a comprehensive picture of what's to come and how you can prepare. With topics ranging from the presidential election to federal reserve meetings, this episode is a not-to-be-missed treasure trove of knowledge and actionable insights. Lean in as we uncover the dynamics shaping your financial landscape and equip you with the tools to navigate it skillfully. Tune in now to gain a competitive edge in your financial journey and set the stage for a prosperous future. Let's make informed decisions and unlock our full financial potential together! 📈💼

🚀🎙️ New Episode Alert! 🎙️🚀 In this special Election Edition of Dollars & Sense, Joel reviews his 2025 predictions and shares insights on how the upcoming election might shape up. 🗳️✨ 👀 What to expect: 1️⃣ How did Joel’s 2024 predictions hold up? 📅 2️⃣ The impact of politics on markets and investing tips during election uncertainty 📉💡 3️⃣ IRS updates on tax brackets and upcoming tax changes 💰📝 Get ready for a deep dive into the history of election years, market trends, and important tax updates. Tune in now to stay informed and make savvy financial decisions! 🎧💼 #DollarsAndSense #Election2025 #MarketTrends #InvestSmart #TaxUpdates #FinancialWisdom #JoelSpeaks #PodcastAlert #StayInformed

🎙️Join us on this episode of Dollars & Sense as Zach Keister and Joel Garris dive into the crucial questions every couple should ask about their finances. 💑💸 Plus, uncover the risks of storing your money in cash apps and gift cards, especially with the holiday season around the corner. 🎁📱 Don't miss out on essential tips to keep your estate plan up-to-date with the latest laws. 🏠📜 #NelsonFinancialValues #FinancialPlanning #EstatePlanning #HolidaySpending #DollarsAndSense #Podcast

📈✨ In this week's episode, Joel recaps some of the latest investment insights fresh from his Los Angeles trip, where he met with top institutional investors. 🌟 Plus, get Joel's top tips on balancing your investments while being an effective caregiver—a must-hear for many in their 50s! 💡 And don't miss the three essential steps to boost your investment performance and close that pesky performance gap. Tune in now for insights that can transform your financial future! 🎧💰#NelsonFinancialValues #InvestSmart #CaregiverTips #FinancialFreedom

Joel delves into the complexities of passing assets from one generation to the next and emphasizes the importance of good estate planning to mitigate these issues with 4 essential questions needed to kickstart a successful estate plan. He also highlights the staggering number of forgotten 401(k) accounts, estimated to be around 24 million, and outlines steps to track down and take control of these accounts, ensuring that no retirement funds are left behind. Joel addresses the issue of IRS refund checks being stolen in the mail and provides tips on how to avoid this problem with a small but impactful choice that can streamline your financial transactions and bring ease to your financial life. #NelsonFinancialValues #IRSRefund #EstatePlanning #TaxTips #FinancialSecurity #401k

In this episode, our hosts, Christina Lamb and Joel Garris, dive deep into a troubling study that sheds light on a common financial pitfall – the cycle of rolling over investments without realizing they often end up stagnating in cash. In addition, Joel and Christina recap the market’s performance for the first three quarters of the year plus talk about some of the core beliefs people have about money and how they can impact some of your financial decisions -- how to identify and resolve your unhealthy financial behaviors. #NelsonFinancialValues #StockMarket #Investing #MoneyManagement

🎙️💡 In this episode of Dollars & Sense, Joel delves into the concept of reinvestment risk with CDs ahead of the "maturity tsunami" over the next year. 🌊💰 He also sheds light on how potential changes in tax policies under the next president could add further complexity to our tax system. 🏛️💸 Additionally, Joel shares three practical steps to help you catch up if you feel behind in your retirement planning, providing a roadmap to secure your financial future. 🛤️🌟 #FinancialPlanning #TaxPolicy #RetirementPreparedness #ExpertAdvice #DollarsAndSense

Check out the latest episode of Dollars & Sense! 🎧💰 Joel Garris dives into four key investment themes set to drive results over the next decade, offering valuable insights for long-term success in your portfolio. 📈 In this episode, Joel also analyzes the impact of the recent Federal Reserve rate cut and unpacks new research from Morningstar that sheds light on investor underperformance when utilizing ETFs as their primary investment vehicle. 📊 Tune in to learn how these developments in the market could influence your investment strategy and gain a deeper understanding of effective wealth-building approaches. Don't miss this enlightening episode! 💡🔍

On this episode, Joel Garris is joined by Rob Field to go over steps to protect yourself if you are victim of a data breach, discuss a few of September’s major headlines, and celebrate the 89th anniversary of Social Security. These topics and more on this week's radio show/podcast.

On this podcast Joel Garris outlines the five key ways that you improve your ability to save money immediately. Plus, he provides some practical non-financial things you can do a year or two prior to retirement to help improve the quality of your transition. These topics and more on this week's radio show/podcast.originally aired 9/8/24

Did you know scammers are targeting your retirement savings and leaving you with massive tax bills? 😱 Learn how these clever fraudsters exploit recent tax law changes to steal from unsuspecting victims and leave them with IRS nightmares! Discover how you can protect yourself and your loved ones from falling prey to these devastating scams. In this episode, Joel Garris and Kristin Kalley-Castello dive deep into the alarming rise of scams that drain retirement accounts and lead to hefty IRS penalties. They cover the most common signs of a scam, like urgent demands for payment and confidential information, and explain how to safeguard your financial future. 🛡️ Plus, learn about the ongoing crackdown on ERC (Employee Retention Credit) fraud and what you need to know before the IRS deadline! Key Highlights: 🔍 Signs of a Scam: Learn the red flags like requests for wire transfers, threats to "act immediately," and demands for personal information. 🚨 The IRS Crackdown: Hear about the IRS's pursuit of fraudulent ERC claims and the criminal investigations that could lead to jail time. 💡 How to Protect Yourself: Get actionable advice on avoiding scams and steps to take if you've been targeted. ⏳ Important Deadlines: Don't miss the critical dates for resolving potential ERC fraud before penalties increase. 🔄 Retirement Changes: A look at the Secure 2.0 Act and how it impacts Roth IRAs, 401(k)s, and your future retirement strategy. Chapters: 0:00 - 🔔 Introduction: The Rising Threat of Retirement Scams 1:35 - 💸 How Scammers Target Your Retirement Savings 4:00 - 😱 Real Stories of Financial Devastation 6:45 - 🕵️‍♂️ Understanding the IRS's Role in Scam Prevention 9:20 - 🚨 Employee Retention Credit (ERC) Fraud Explained 13:05 - 🔍 How to Spot a Scammer: Common Tactics Revealed 16:00 - 🛡️ Protecting Yourself: Steps to Take if Targeted 19:30 - ⏰ Key Deadlines: Don't Miss This IRS Date! 22:15 - 📜 Secure 2.0 Act: What It Means for Your Retirement 25:00 - 📊 Lesser-Known Changes to Retirement Accounts 28:35 - 🧠 Final Thoughts: Stay Informed, Stay Safe 💵 About Dollars & Sense: 💵 Hosted by Joel Garris, a Certified Financial Planner and Fiduciary at Nelson Financial Planning, Dollars & Sense is one of Central Florida’s longest-running radio programs and a top 25 financial planning podcast. Each week, Joel and his team provide expert insights to help you make sense of all your financial decisions. 💥 Subscribe Now! Make sure you subscribe to our channel and hit the notification bell so you never miss an update. If you have trouble finding us on your favorite podcast platform, visit our website at Nelson Financial Planning and click on the icons to get connected. 👉 Visit our website: nelsonfinancialplanning.com for more resources and to connect with our team of Certified Financial Fiduciaries. About Joel Garris: Joel Garris is a Certified Financial Planner and Fiduciary at Nelson Financial Planning. He’s dedicated to providing comprehensive financial advice to help you achieve your retirement goals. With a team of expert advisors, Nelson Financial Planning is committed to delivering personalized and effective retirement and financial planning solutions. ➡️ CONNECT WITH US: Website: nelsonfinancialplanning.com Facebook: https://www.facebook.com/NelsonFinancialPlanning Twitter: https://x.com/nelsonfinplan Spotify Podcast – Dollars & Sense: https://open.spotify.com/show/79mlYYSsAEbST4tyi6Bg2x

On this podcast Joel Garris is joined by Chet Cowart to discuss how to help your finances survive political volatility. Plus, tips to help volatile in you spending habits. These topics and more on this week's radio show/podcast.originally aired 8/25/24

In light of recent market volatility this week Joel Garris discusses what he believes the root cause of it is and two things you need to do now with your investments. He also talks about three different strategies to take advantage of the market decline. These topics and more on this week's radio show/podcast. originally aired 8/11/24

On this podcast Joel Garris is joined by Zach Keister to discuss the importance of being goal oriented with financial questions rather than product oriented. Plus, what you can do to avoid the 401k rollover mistake that’s costing retirees billions of dollars each year. Finally, they celebrate the 100th anniversary of the mutual fund and its roll in America.  These topics and more on this week's radio show/ podcast. originally aired 8/5/24

On this podcast Joel Garris is joined by Christina Lamb to discuss the importance of credit scores when it comes to purchasing a car. Plus, the latest final rules issued by the IRS in regard to inherited retirement accounts. Finally, the incredible value of a Health Savings Account. These topics and more on this week's radio show/podcast.originally aired 7/29/24

On this podcast Joel Garris discusses four major items to consider when assisting a loved one or spouse move to a retirement care facility. Plus, what investors need to do with their portfolio in light of the market hitting record highs. These topics and more on this week's radio show/podcast.originally aired 7/21/24

On this podcast Joel Garris is joined by Rob Field to discuss perception vs reality involving current economic climate. Also, three major tools and two considerations involving estate planning blended families.  These topics and more on this week's radio show/podcast.originally aired 7/14/24

On this podcast Joel Garris is joined by Chet Cowart to discuss the benefits of using a 529 savings plan to help pay for education. Plus, Joel shares his personal interaction with alternative investments and what the real investor rate of return is. These topics and more on this week's radio show/podcast.originally aired 7/1/24

On this podcast Joel Garris is joined by Zach Keister to discuss the importance of starting to save early and the power of compounding and its impact on your retirement. Also they discuss the role of private equity within pensions and individual investor portfolios in reference to poor performance and limitations.  These topics and more on this week's radio show/podcast.originally aired 6/23/24

On this podcast Joel Garris is joined by Kristin Castello to discuss the rising amount of IRS scams and how to avoid them. Joel and Kristin provide three key take aways to help protect yourself from said scams. Plus, they discuss real property scams and what you can do to avoid them. These topics and more on this week's radio show/podcast.originally aired 2/18/24