Uncommon Cents with Bowman Financial Strategies
Welcome to Uncommon Cents, your go-to podcast for financial education and retirement planning. Hosted by Erik Bowman of Bowman Financial Strategies in Englewood, Colorado, this series offers clear explanations, honest advice, and expert guidance to help you navigate the complexities of financial planning. Tune in for the latest commentary on investment, retirement, and insurance topics and trends. Discover the 80/20 Retirement Formula, focusing on three key areas: Clear Explanations, Honest Advice, and Expert Guidance. Our mission is to empower you to confidently manage your finances and achieve your retirement goals. Prepare for your financial future with helpful tools and actionable ideas to live a better life in retirement. Whether you're climbing the financial mountain or standing at the summit, Bowman Financial Strategies provides personalized roadmaps to simplify complex financial terms and investment options. We help retirees across the country reach their goals, ensuring you live well in retirement. Join us on Uncommon Cents for wealth management and retirement planning made simple. Subscribe now and let us help you reach the summit of financial success. Visit us online at https://www.bowmanfinancialstrategies.com/ or call 303-222-8034. You can also find the video version of the podcast on YouTube at https://www.youtube.com/channel/UCRlMIf7b7rcOxboPiwq5AGg
Episodes
Today we’re going to dive into the intricacies of tax planning for small business owners facing a major transition: the sale of their business. This episode is particularly relevant for those in the midst of a liquidation event, where understanding the tax implications can make a significant difference in financial outcomes.
Here’s what we discuss in this episode:
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Everyone loves a good game show. Whether it’s spinning the big wheel or hitting the buzzer with all the right answers. But what happens when people turn their retirement planning into a game? Spoiler alert: it’s not always a win!
In this episode, we tackle the risky moves people make when they treat their finances like a game of chance. Instead of gambling with your retirement, let's ...
If you find yourself newly single, it can be an incredibly difficult time emotionally. Add in the major financial changes that happen during this transition and it becomes overwhelming for anyone to try to navigate on their own. Today, we are going to be talking about three things that a divorcee or widow can do to get a hold on their finances during this tumultuous time.
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Are you looking for ways to make the most of your retirement savings while also supporting a cause you care about? In this episode, Erik dives into the ins and outs of Qualified Charitable Distributions (QCDs), a smart financial strategy that allows retirees to fulfill required minimum distributions (RMDs) while reducing taxable income. You'll learn exactly how QCDs work, who they’re best suited for, and the...
If you could save tens of thousands of dollars in taxes every year, you’d have more freedom to pursue what truly matters- whether it's travel, hobbies, or leaving a financial legacy. In this episode, Erik explains how diversifying your retirement accounts by taxability can help you do just that. By building a mix of IRAs, 401(k)s, Roth IRAs, and non-qualified brokerage accounts, you gain more control over ho...
People talk all the time about tax efficiency in retirement, but what does that truly mean and why does it matter? It’s much more than a buzzword; it’s a vital strategy for preserving more of your money in retirement.
Today we’re going to explain why tax efficiency matters, the risks of not being tax efficient, and strategies f...
Are you nearing retirement or thinking about changing jobs? One of the most common questions people face is what to do with their 401(k). Should you keep it where it is, or roll it over into an IRA? In this video, we’re going to discuss the reasons you might want to rollover your old 401k today.
Here’s what we discuss in this episode:
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One of the most common questions we get is about Social Security and whether it’s going to run out. If you only read headlines, it seems to be a valid concern. But what’s the reality of the situation and how does it impact you when it’s time to file for Social Security?
Here’s what we discuss in this episode:
0:00 – Intro
Recent rule changes have made it more crucial than ever to understand the tax implications and distribution timelines associated with inherited IRAs. Listen in as Erik and Ben break down the latest IRS rule changes affecting inherited IRAs, including the newly condensed 10-year distribution timeline. They explore the implications of these rules for both spousal and non-spousal ...
Very often, we see people who know that the financial decisions that they’re making aren’t the best decisions, but they try to create excuses or explanations for why they’re doing what they’re doing. Let’s talk about why these excuses usually don’t hold water. Whether it’s procrastination, fear of market crashes, or misunderstanding Social Security, these common excuses can hav...
Retirement planning doesn’t have to be overwhelmingly complicated. It certainly doesn’t have to be as complicated as some people make it. So, in today’s episode, we’ll talk about the beauty of straightforward financial planning.
Here’s what we discuss in this episode:
Welcome back to Uncommon Cents, where Eric Bowman of Bowman Financial Strategies brings clarity to the world of financial planning. We're back with a revamped version of the show on YouTube and all your favorite podcast streaming platforms. We have a lot of exciting content coming your way- but first, let’s get to know your host!
This episode of Uncommon Cents focuses on Required Minimum Distributions, or RMDs.
Erik (00:06):
You're listening to uncommon sense, a podcast by Bowman Financial Strategies. I'm your host, Erik Bowman and thank you for joining me today. Hi everyone. This is Erik Bowman, your host and it's January 22nd, 2020.
Erik (00:27):
One of the highest priorities we have is providing our clients accurate information to allow them to make informed decisions relating to their retirement income. Taxation is probably the bigges...
Erik: (00:06)
You're listening to uncommon sense, a podcast by Bowman Financial Strategies. I'm your host, Erik Bowman, and thank you for joining me today. Hi everyone and thank you for joining me today. This is Erik Bowman, owner of Bowman Financial Strategies. Our topic today is required minimum distributions or more commonly known as RMDs.
Erik: (00:32)
To some of you, it may come as a shock that you cannot keep your retireme...
Erik: 00:06 You're listening to uncommon sense, a podcast by Bowman financial strategies. I'm your host, Erik Bowman, and thank you for joining me today. Hi everyone. My name is Erik Bowman and I am the owner and founder of Bowman financial strategies. Thanks for taking the time to listen to this podcast. Today, I'm going to be di...
Erik: 00:00 You're listening to Uncommon Cents, a podcast by Bowman Financial Strategies. I'm your host, Erik Bowman and thank you for joining me today. Hi everyone. Today we're going to be discussing common beneficiary mistakes and how to prevent them. It is June 20th, 2019. Thanks for joining me today.
Erik: 00:32 Bef...
Erik: 00:00 You're listening to Uncommon Cents, a podcast by Bowman Financial Strategies. I'm your host, Erik Bowman and thank you for joining me today. Hi everyone. This is Erik Bowman, your host for Uncommon Cents and today we're going to be talking about the Colorado retirement income tax exemptions. Before I get into the details of these specific exemptions that can help ...
Erik: 00:06 You're listening to uncommon sense, a podcast by Bowman Financial Strategies. I'm your host Erik Bowman, and thank you for joining me today. Hi everyone. Erik Bowman here, the owner of Bowman financial strategies in Englewood, Colorado. I appreciate you listening today. Today's podcast is going to be discussing something that we work on every single day in our fir...
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