Retire Early, Retire Now!

Send us a textCan New Doctors Afford a Million Dollar Home? | Retire Early, Retire Now PodcastIn this episode of the 'Retire Early, Retire Now' podcast, host Hunter Kelly of Palm Valley Wealth Management presents a case study featuring Dr. John and Janice Brown. This physician couple, earning a combined income of $625,000, wants to know if they can purchase a million-dollar home while still aiming to retire by age 55. Hunter walks through their financial situation, analyzing their assets, liabilities, savings, and cash flow, and provides valuable insights on budgeting, debt management, and investment strategies. This episode is for educational purposes only and encourages listeners to seek professional financial advice for their personal situations.00:00 Introduction to the Podcast00:57 Meet Dr. John and Janice Brown01:26 Financial Goals and Initial Questions02:12 Investment and Financial Planning03:22 Understanding Net Worth09:18 Five-Year Cash Flow and Savings Strategy11:54 Home Buying Considerations19:45 Conclusion and Final ThoughtsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Retire Now podcast, host Hunter Kelly from Palm Valley Wealth Management dives into all things taxes to help you prepare for the 2024-2025 tax season. Learn how to organize and manage essential tax documents including W2s, 1099s, K1s, and more. Discover common income-related documents, tips for staying organized, and the importance of communication with your CPA and financial advisor. Whether you're a high-income earner with complex tax situations or someone filing simple returns, this episode is packed with valuable insights to minimize errors, avoid penalties, and optimize your financial planning.00:00 Welcome to the Retire Early Podcast01:14 Importance of Tax Organization02:28 Common Income-Related Documents08:50 Business and Real Estate Tax Documents11:52 Tips for Staying Organized14:32 Conclusion and Final AdviceCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly, a certified financial planner and owner of Palm Valley Wealth Management, reintroduces himself and the mission of the podcast. Aimed at simplifying financial planning for high-income earners, especially physicians and attorneys, the episode covers essential financial strategies to undertake at the beginning of the new year. Topics include reassessing financial goals, tracking net worth, adjusting savings rates, optimizing investments, reviewing insurance, and planning for major expenses. Hunter offers practical tips on using technology for better financial management and emphasizes the importance of periodic check-ins to ensure financial goals are met.00:00 Welcome to the Retire Early Podcast00:31 Introduction and Podcast Mission01:53 Five Financial Planning Checklist Items for High Income Earners02:47 Checklist Item 1: Reassess Your Financial Goals12:02 Checklist Item 2: Review Your Tax Strategies14:39 Checklist Item 3: Optimize Your Investments18:24 Checklist Item 4: Review Your Insurance19:14 Checklist Item 5: Plan for Major Expenses23:04 Conclusion and Call to ActionCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textTax-Efficient Charitable Giving Strategies | Retire Early & Maximize ReturnsIn this Christmas Eve episode of the Retire Early Return Out Podcast, hosted by Hunter Kelly of Palm Valley Wealth Management, explore four tax-efficient ways to donate to your favorite charities. Learn about donor-advised funds, qualified charitable distributions (QCDs), donating appreciated assets, and charitable trusts. Discover how these strategies can help you meet your financial goals and maximize your tax deductions. Hunter also invites listeners to share their favorite charities on YouTube. Note: This podcast is for educational purposes only and not a substitute for professional advice.00:00 Welcome to the Retire Early Podcast00:06 Introduction to Tax-Efficient Giving01:13 Donor Advised Funds Explained04:35 Qualified Charitable Distributions (QCDs)07:40 Gifting Appreciated Assets08:47 Understanding Charitable Trusts15:34 Conclusion and Holiday WishesCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textMaximizing Tax Efficiency through Roth ConversionsIn this episode of the Retire Early Retire Now podcast, host Hunter Kelly, owner of Palm Valley Wealth Management, discusses the nuances of Roth conversions as an advanced tax planning tool. The episode covers the importance of timing and strategy in minimizing lifetime tax liabilities, particularly for high-income earners. Key points include understanding the process of converting pre-tax retirement funds to Roth accounts, evaluating tax brackets, and navigating potential pitfalls. Hunter also addresses how Roth conversions can be integrated with other tax strategies and estate planning for optimal financial flexibility. Practical tips for implementation and the role of financial professionals in this process are highlighted.00:00 Introduction to Roth Conversions03:26 Why Consider Roth Conversions?05:56 Key Factors and Considerations09:59 Roth Conversion Scenarios and Strategies20:07 Potential Drawbacks and Pitfalls23:02 Practical Tips for Implementation24:42 Palm Valley Wealth Management Approach27:48 Conclusion and Next StepsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode, we welcome back Danny White for the second part of our discussion on health insurance for business owners. Due to some technical difficulties last week, we're delivering this bonus episode to you. We dive deep into strategies for offering health insurance, from pre-tax contributions to the different types of insurance plans like fully insured, level funding, and self-funding through captives. Danny explains how businesses, especially in Florida, can navigate the health insurance landscape, the role of brokers, and how to maximize employee benefits while managing costs. Essential viewing for business owners looking to enhance their employee benefits packages and improve their bottom line. 00:00 Introduction and Technical Difficulties00:36 Health Insurance for Business Owners01:06 Understanding Employee Benefits Packages02:08 Choosing the Right Health Insurance Plan05:08 Employer Contributions and Cost Management11:11 Level Funding and Claims Data19:59 Self-Funding and Captives27:18 Conclusion and Additional ResourcesCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Return Out podcast, host Hunter Kelly from Palm Valley Wealth Management delves into one of the most common financial questions: 'Should you contribute to a pre-tax or Roth 401k, or a traditional IRA versus a Roth IRA?' Hunter discusses the basics and differences between these contribution types, factors to consider when making a decision, and how your current and future tax brackets impact your choice. Real-world examples and practical steps on evaluating and planning your retirement contributions are provided to help you optimize your financial strategy. Hunter emphasizes the importance of seeking professional financial advice tailored to individual circumstances.00:00 Welcome to the Retire Early Podcast00:27 Understanding Pre-Tax vs. Roth Contributions01:12 Tax Implications and Strategies04:56 Employer Match and Tax Flexibility11:34 Real-World Scenarios and Examples20:20 Practical Steps for Financial Planning22:44 Conclusion and Next StepsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a text5 Essential Tax Basics for High-Income EarnersIn this episode of the Retire Early Retire Now Podcast, host Hunter Kelly, owner of Palm Valley Wealth Management, discusses five key tax concepts every high-income earner should understand. Hunter emphasizes the importance of knowing about marginal and progressive tax rates, capital gains taxation based on holding periods, the difference between deductions and credits, and the taxation of bonuses. The episode aims to help listeners reduce their tax liabilities and better manage their finances as they approach tax season.00:00 Introduction to the Podcast00:27 Sharing and Reviewing the Podcast01:14 Understanding Marginal Taxes06:23 Progressive Tax System Explained07:46 Capital Gains and Tax Timing10:22 Deductions vs. Credits14:04 Taxation of Bonuses15:56 Summary and ConclusionCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly from Palm Valley Wealth Management discusses strategies for closing out the year and reenergizing for 2026. With Thanksgiving and other holidays approaching, it's a good time to focus on essential aspects like gratitude, reconnecting with loved ones, and valuing experiences over material possessions. Hunter emphasizes the importance of reflecting on positive experiences and relationships, highlighting how these elements can provide energy and fulfillment. He encourages listeners to give experiential gifts and spend meaningful time with people they care about. Although guest Danny White could not join due to technical issues, the episode remains timely and relevant.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly of Palm Valley Wealth Management emphasizes that investment and portfolio management, while often perceived as the bulk of a financial advisor's duties, are actually a smaller segment. Key themes include the importance of understanding personal financial goals, cash flow, risk tolerance, tax planning, and asset allocation before constructing a portfolio. Hunter discusses the significance of personal rate of return over arbitrary benchmarks and details how to make investments tax-efficient. He encourages listeners to focus on their unique financial needs rather than market trends or media hype. The episode ends with an invitation for listeners to suggest topics and schedule personalized consultations.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early, Retire Now' podcast, Host Hunter Kelly of Palm Valley Wealth Management converses with attorney Haley Yackey from Coleman Talley, LLP about essential aspects of estate planning. They discuss the importance and intricacies of estate planning, including creating wills, healthcare directives, and power of attorney documents. Haley elaborates on safeguarding wealth through trusts, ensuring minors are cared for, and addressing family disputes over inheritances. They also touch on the upcoming changes in estate tax exemptions and strategies for gifting assets. Haley emphasizes communication and proactive planning to avoid conflicts, and they discuss the option of corporate trustees for managing trusts. The episode concludes with Haley sharing her contact information for those needing estate planning assistance in Georgia and Florida.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textThe podcast features host Hunter Kelly, owner of Palm Valley Wealth Management, and guest Danny White from 212 Benefits. They provide an in-depth discussion on selecting the best health insurance plans during the open enrollment period using Mayo Clinic's open enrollment packet as a reference. They also explain the importance of understanding key health insurance terms like deductible, max out-of-pocket, co-pay, co-insurance, HMO, and PPO. Additionally, they cover voluntary benefits such as critical illness, accident, and hospital insurance, including how these can help offset high medical costs. The episode aims to help listeners make informed decisions about health plans based on their specific situations, including significant life changes. It also touches on strategies for mitigating healthcare costs and the role of benefit brokers for business owners.Danny's Previous EpisodeCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly dives into advanced tax strategies for individuals and business owners, aimed at boosting wealth and financial stability. The episode covers an array of topics including the utilization of 401(k) plans, Health Savings Accounts (HSAs), and donor-advised funds, as well as strategies like tax loss harvesting and qualified charitable distributions for those over 75. Small business owners are advised on the benefits of electing S-corporation status and the Qualified Business Income (QBI) deduction, along with a focus on meticulous documentation and professional advice. The importance of long-term tax planning with the assistance of financial advisors is emphasized throughout. The episode wraps up with a teaser for next week's discussion on investments Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Retire Now podcast, host Hunter Kelly of Palm Valley Wealth Management covers fundamental aspects of the tax code. The discussion spans the progressive nature of income taxation, the roles of marginal and effective tax rates, and the additional costs of Social Security and Medicare taxes. It explains the differences in tax responsibilities between employees and self-employed individuals, emphasizing the importance of accurate tax withholding and the strategic planning of quarterly tax payments. Key tax terminologies, such as gross income, adjusted gross income (AGI), deductions, and credits, are explored alongside common forms like W2s and 1099s. The episode aims to empower listeners with the knowledge to optimize financial management and long-term goal achievement by legally minimizing tax liabilities. Listeners are encouraged to follow and share the podcast to deepen their understanding of these critical financial topics.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textThis Podcast Episode provides a detailed roadmap for retirement planning tailored to different age groups, emphasizing the importance of starting early and adapting strategies over time. For those in their twenties, it highlights building an emergency fund, leveraging employer 401k matches, and choosing Roth contributions for tax benefits. Individuals in their thirties and forties should focus on saving a significant portion of their salary, avoiding lifestyle inflation, and diversifying their investments. The script underscores the need for maximizing retirement contributions and using brokerage accounts for tax efficiency and flexibility before age 59 ½. It offers insights on managing pre-tax, Roth, and after-tax assets while reducing debt and reassessing investment risk tolerance for those nearing retirement. Additionally, it advises on the strategic timing of Social Security benefits and understanding required minimum distributions (RMDs) for individuals in their sixties and beyond.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now' podcast, Hunter Kelly, owner of Palm Valley Wealth Management, discusses crucial financial planning benchmarks. Emphasizing the importance of tracking these metrics, he covers savings rate, liquidity rate, debt-to-income ratio, retirement contributions, net worth growth, tax efficiency, and credit score. Hunter explains how to calculate and improve these metrics, providing practical examples and strategies, such as increasing income, effective budgeting, and optimizing tax efficiency. He also mentions the significance of insurance coverage and offers services to help clients manage and improve their financial health.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now Podcast,' host Hunter Kelly, owner of Palm Valley Wealth Management, introduces the 'Palm Valley Pathway,' his unique financial planning process. He outlines the importance of financial planning awareness, especially during Financial Planning Awareness Month in October. Kelly elaborates on the steps of the Palm Valley Pathway, which includes exploration, organization, optimization, implementation, and review stages to help clients achieve their financial goals. He emphasizes the difference between financial planners and insurance salespeople, reflects on his journey into financial planning, and offers practical tips on organizing financial information using aggregator tools. The episode serves as an educational resource aimed at enhancing listeners' financial situations.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Readout Podcast, host Hunter Kelly discusses how elections influence financial markets and offers education on maintaining investment strategies amidst volatility. Highlighting historical patterns, he explains that markets tend to perform positively during election years despite increased short-term volatility due to policy uncertainties. He advises long-term investors to stay the course and continue regular contributions, while those nearing retirement should consider holding more cash. Additionally, Hunter emphasizes the importance of maintaining a diversified portfolio and seizing investment opportunities that arise during volatile periods. The episode concludes by reminding listeners to avoid emotional investment decisions and to seek professional financial advice if necessary.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the Retire Early Retirement Podcast, host Hunter Kelly, owner of Palm Valley Wealth Management, discusses the implications of the Federal Reserve lowering interest rates. The podcast covers how rate changes affect the economy, markets, personal finances, and investment decisions. Listeners are guided on considerations for refinancing mortgages, evaluating student loans, and adjusting investment portfolios in response to changing rates. The podcast emphasizes the importance of methodical decision-making and consulting financial advisors for personalized advice during these economic shifts.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify

Send us a textIn this episode of the 'Retire Early Retire Now Podcast,' host Hunter Kelly, owner of Palm Valley Wealth Management, aims to debunk common myths about Limited Liability Companies (LLCs). The discussion covers five key myths, including the misconceptions that LLCs offer absolute liability protection, automatically save taxes, are only for small businesses, are complicated to set up, and do not require operating agreements for single-member entities. Kelly emphasizes the need for accurate information and the importance of consulting with legal and tax professionals for personalized advice. The episode includes practical tips on setting up an LLC, such as naming the entity, appointing a registered agent, and obtaining necessary permits and licenses.Check out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify