The Life Money Balance™ Podcast

🚨$250k+ household income and $500k+ assets...? You’re ready for a personalized plan! Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ Want confidence that your retirement plan ACTUALLY works? Get it inside my Financial Harmony™ membership ($115/month) 👉 https://www.concurrentfp.com/financial-harmony-membership/ Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard - You can make six figures, max your 401(k), and still feel broke inside. A 2024 NerdWallet poll found 47% of Americans lack financial confidence — and even high earners say they “should be further along.” But your problem might not be income. It might be alignment. In this episode, Dr. Preston Cherry shares the Five Permissions of Wealth™ — a powerful framework that replaces guilt, comparison, and confusion with clarity, confidence, and control. You’ll learn how to rewrite limiting money beliefs, align your spending with meaning, and plan from your story — not just your spreadsheets. Ready to stop feeling behind and start living your wealth, your way? Take the Retirement Readiness Quiz, join our Financial Harmony™ membership, or schedule your no-cost good fit meeting below. - Ready to align your wealth with your well-being? Here’s where to start: 1️⃣ Take the Financial Harmony™ Quiz - See your Retirement Readiness Scorecard and discover where your plan and purpose meet. https://www.concurrentfp.com/financial-harmony-membership/ 2️⃣ Join the Financial Harmony™ Membership - Go deeper with group-based fiduciary guidance, interactive workshops, and community support built for high-income Gen X professionals. https://www.concurrentfp.com/financial-harmony-membership/ 3️⃣ Explore all-inclusive flat-fee financial planning services - If your needs require customized 1:1 planning, schedule a no-cost good fit meeting to see how Concurrent Wealth Management can help you design a personalized plan aligned with your values and goals. https://www.concurrentfp.com/ 4️⃣ Subscribe & Stay Connected for weekly episodes that help you live your wealth, your way.  @DrPrestonCherry   - TIMECODES: 00:00 - Introduction 00:13 - Feel Guilty About How You Spend Your Money? 00:34 - Why You Don’t Feel Financially Confident 01:05 - Mindset & Money Shifts Which Help You Feel Confident 01:49 - How To Stop Feeling Financially Stuck 04:19 - The Framework That Aligns Your Money With Your Mindset 05:24 -  How to Build True Financial Confidence 06:35 - Align Your Money To Your Purpose 07:20 - Moment to Check In  07:47 - Align Spending With What Actually Matters to You 09:19 - Adapt Your Finances to Life’s Changing Seasons 10:27 - Your Story Shapes Your Financial Strategy 11:51 - Outro  financial harmony, Gen X retirement, money psychology, wealth and well-being, retirement planning, tax planning, investing for gen x, money mindset, financial wellness, personal finance #FinancialHarmony #MoneyMindset #FinancialConfidence #WealthMindset #FinancialTherapy #GenXWealth #BehavioralFinance #MoneyBeliefs #PurposeDrivenWealth #FinancialPlanning

🚨$250k+ household income and $500k+ assets...? You’re ready for a personalized plan! Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ Want confidence that your retirement plan ACTUALLY works? Get it inside my Financial Harmony™ membership ($115/month) 👉 https://www.concurrentfp.com/financial-harmony-membership/ Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard - Most Retirees Are SHOCKED When They Learn This Social Security Tax Trap Up to 85% of your Social Security can be taxed - and it starts at just $32,000 of income for Gen X retirees. In this video, Dr. Preston Cherry (CFP®, Ph.D., Top 10 Investopedia Advisor) explains how IRMAA, RMDs, and Social Security tax rules can blow up your retirement income plan  - unless you coordinate ahead of time. - This isn’t just about saving more - it’s about coordinating smarter. What You’ll Learn in This Video 👇 ✅ Why Social Security isn’t tax-free (for high-income Gen Xers) ✅ What IRMAA is — and how it quietly spikes your Medicare premiums ✅ How Required Minimum Distributions (RMDs) trigger a triple tax hit ✅ How to avoid the most common tax traps in early retirement ✅ The 3-step strategy to lower your lifetime tax bill (and stress) ✅ Smart withdrawal sequencing using Roths, brokerage, and QCDs - Who Is This Video For? 📌 Gen X professionals (50s - early 60s) preparing for retirement 📌 Households earning $200k+ or holding $500k+ in retirement assets 📌 Couples unaware of IRMAA, RMD, and Social Security tax overlaps 📌 Anyone confused about how retirement income is actually taxed - 🚨 Gen X, older millennials & pre/early retirees, with $250k+ household income and $500k+ assets... Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ Want clarity & control without $6K+ annual advisor fees? Join my Financial Harmony™ membership for $115/month 👉 https://www.concurrentfp.com/financial-harmony-membership/ Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard 👉 Subscribe for weekly, values-aligned wealth insights: @DrPrestonCherry - Keywords linking to this topic: social security tax trap, IRMAA 2025, taxed social security benefits, high income retirement planning, RMD tax impact, Medicare surcharge, Roth conversion strategy, Gen X retirement planning, Dr. Preston Cherry, financial harmony, retirement tax planning, withdrawal strategy, life money balance, fiduciary flat-fee advisor, concurrent wealth #SocialSecurityTaxes #IRMAA #RMDstrategy #RetirementPlanning #GenX #TaxTrap #RetireSmart #PrestonCherry #LifeMoneyBalance #FinancialHarmony #FlatFeeFiduciary #TaxSmartRetirement #GenXRetirement #MedicareCosts #RothConversions #WithdrawalStrategy #SmartRetirementPlanning

🚨$250k+ household income and $500k+ assets...? You’re ready for a personalized plan! Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ Want confidence that your retirement plan ACTUALLY works? Get it inside my Financial Harmony™ membership ($115/month) 👉 https://www.concurrentfp.com/financial-harmony-membership/ Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard - Over 50? Watch This — You’ll Catch Up on Your Retirement Starting in 2026, if you earn $145,000 or more, your 401(k) catch-up contributions MUST go into a Roth - not pre-tax like before. That’s not just a big tax change - it’s a huge opportunity for late starters in their 50s and early 60s. If you’re between 50 and 63, this video walks you through the 5 exact steps to turn this new law into a retirement catch-up plan that works - even if you feel behind. You’ll learn how to use super catch-ups (up to $34,750/year!), layer in Roth and brokerage savings, build a “retirement bridge” before Medicare or Social Security kicks in, and invest with confidence - not confusion. Forget feeling late. This is your decade to win. In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, and Founder of Concurrent Wealth Management) breaks down the 2025-2026 contribution limits, smart Roth planning, tax-efficient savings buckets, and how to actually retire on your terms. - What You’ll Learn in This Video 👇 ✅ The 2026 Roth catch-up rule for high earners (and why it matters) ✅ How to contribute up to $34,750/year - even if you’re starting late ✅ How to sequence savings across 401(k), Roth, HSA & brokerage ✅ Why tax diversification beats “just save more” in your 50s ✅ The “brokerage bridge” strategy to retire before Medicare ✅ How to smooth your income in early retirement without tax spikes ✅ How to build a 90-day and annual rhythm that compounds confidence - Who Is This Video For? 📌 Gen X (50s - early 60s) professionals preparing for retirement 📌 High-income households earning $145K+ 📌 Couples wondering if it’s “too late” to catch up 📌 Anyone confused by Roth rules, catch-ups, and tax strategy - 🚨 Gen X, older millennials & pre/early retirees, with $250k+ household income and $500k+ assets... Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ Want clarity & control around your plan - without $6K+ annual advisor fees? Join my Financial Harmony™ membership for $115/month 👉 https://www.concurrentfp.com/financial-harmony-membership/ Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard 👉 Subscribe for weekly, values-aligned wealth insights: @DrPrestonCherry - Keywords linking to this topic: 401(k) catch-up rule 2026, Roth catch-up, Gen X retirement planning, SECURE Act 2.0, high income retirement strategies, Roth 401(k) for high earners, brokerage bridge retirement, tax diversification, retirement sequencing, retirement catch-up plan, Preston Cherry, Concurrent Wealth Management, fiduciary flat-fee planner, retirement clarity, tax planning over 50, financial rhythm, financial harmony, life money balance #Roth401k #RetirementPlanning #GenX #CatchUpContributions #SecureAct2 #PrestonCherry #FlatFeeFiduciary #FinancialHarmony #LifeMoneyBalance #RetirementOver50 #TaxSmartRetirement #BrokerageBridge #RothConversion #TaxBuckets #ClarityConfidenceCadence #SmartRetirementSteps

🚨 Gen X, older millennials & pre/early retirees, with $250k+ household income and $500k+ assets... Are you ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ Want confidence that your retirement plan ACTUALLY works - without paying $6K+ a year? Get it inside my Financial Harmony™ membership for just $115/month 👉 https://www.concurrentfp.com/financial-harmony-membership/ Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard - Most people think retirement plans fail because of the market, taxes, or not saving enough. Those are big - but not the real reason most plans quietly fall apart. In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, and Founder of Concurrent Wealth Management) reveals the real breakdown point in most life and retirement plans: misalignment. When your money no longer supports your actual life - your values, time, and energy - everything starts to fray. You’re doing all the “responsible” things, but feeling stuck in decision fatigue and endless money tweaks that never feel done. This episode shows you how to re-center your plan using Clarity, Confidence, Cadence, and Control - and introduces the 90-second reset that’s already helped dozens of Gen X professionals feel peace around money again. If you’re juggling careers, kids, aging parents, and still trying to “optimize” retirement in the background - this one’s for you. - What You’ll Learn in This Video 👇 ✅ Why most plans fail before the market drops - and what to watch for instead ✅ How financial noise (media, pressure, “rules”) paralyzes decision-making ✅ The silent tax of decision fatigue - and how it shows up in everyday finances ✅ The 3 major drifts that derail your rhythm: cash, calendar, and cognition ✅ A 90-second reset to align your season, values, and spending with zero spreadsheets ✅ Two tiny tweaks that boost clarity & control (fun card + automating the boring) - Who Is This Video For? 📌 Gen X (40s - 50s - early 60s) professionals preparing for retirement 📌 High-achieving households juggling multiple financial priorities 📌 Couples trying to align money conversations with actual life 📌 Anyone tired of advice that feels like pressure instead of peace - 🚨 Gen X, older millennials & pre/early retirees, with $250k+ household income and $500k+ assets... Are you ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ Want confidence that your retirement plan ACTUALLY works - without paying $6K+ a year? Get it inside my Financial Harmony™ membership for just $115/month 👉 https://www.concurrentfp.com/financial-harmony-membership/ Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard 👉 Subscribe for weekly, values-aligned wealth insights: @DrPrestonCherry - Keywords linking to this topic: retirement plan failure, financial alignment, Gen X retirement planning, decision fatigue, cash flow planning, retirement clarity, values-based planning, money mindset, 90-second reset, money cadence, spending buckets, financial harmony, retirement rhythm, financial therapy, retirement stress, automate finances, clarity and control, plan vs real life, fiduciary flat-fee planner #RetirementPlanning #GenX #FinancialHarmony #MoneyMindset #DecisionFatigue #FinancialAlignment #CashFlowPlanning #LifeMoneyBalance #FlatFeePlanner #RetireOnTime #ClarityConfidenceCadence #ValuesBasedPlanning #FinancialTherapist #PrestonCherry #WealthInTheKeyOfLife

Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ Take the Gen X Retirement Readiness Quiz 🚨 https://concurrentfp.typeform.com/genx-scorecard - Healthcare is the sleeper cost that can quietly delay retirement by 3+ years. In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down the real price of healthcare in retirement - and how to plan for it before it hijacks your date. Fidelity’s 2025 estimate puts a 65-year-old’s average lifetime healthcare spend at ~$172,500 after tax (up ~4% YoY), and MarketWatch notes it’s more than doubled since the early 2000s. Meanwhile, Advisor Perspectives highlights Gen X confidence gaps and competing pressures that make this easy to overlook. This video turns those numbers into a clear plan you can use now. This isn’t about fear. It’s about building a healthcare-aware retirement plan - so your life drives your money, not the other way around. -  What You’ll Learn in This Video 👇 ✅ The hidden line items Medicare doesn’t cover (dental, vision, LTC) and why premiums/deductibles still matter ✅ The $172,500 reality: why healthcare inflation outpaces wages/savings - and how to budget it proactively ✅ The costly “62 - 65 bridge”: options (spouse plan, ACA, COBRA, private) and how to avoid subsidy/IRMAA surprises ✅ Five smart Gen X moves: HSA strategy, Roth conversions with IRMAA awareness, catch-ups, stress-testing LTC, annual guardrails ✅ A simple 90-second audit to add a healthcare line to your plan and set annual IRMAA/tax checkpoints - Who Is This Video For? 📌 Gen X (40s - 50s - early 60s) building a healthcare-aware retirement plan 📌 DIY planners who want clear guardrails (IRMAA/ACA/social security tax interactions) 📌 Couples coordinating pre-Medicare coverage and Social Security timing 📌 Professionals who prefer transparent, values-first planning over guesswork - Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/ Subscribe for weekly, data-driven retirement strategies 👇 YouTube: @DrPrestonCherry Take the Gen X Retirement Readiness Quiz 🚨 https://concurrentfp.typeform.com/genx-scorecard - Key Words linking To This Topic: retirement healthcare costs, Fidelity $172,500 estimate, Medicare gaps, IRMAA surcharges, ACA subsidy cliff, pre-Medicare coverage 62 - 65, Gen X retirement planning, long-term care planning, HSA strategy, Roth conversions and Medicare, healthspan vs lifespan, retirement budget healthcare line item, premiums deductibles out-of-pocket, MarketWatch healthcare cost, Advisor Perspectives Gen X confidence, retirement date delay healthcare #RetirementPlanning #GenX #HealthcareCosts #Medicare #IRMAA #ACASubsidies #HSA #RothConversions #LongTermCare #FinancialPlanning #TaxSmartRetirement #PreMedicareBridge #RetireOnTime #WealthInTheKeyOfLife #MoneyMindset

Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ - Roth conversions can be a tax win - or an expensive mistake. In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) shows exactly when conversions work, when they don’t, and how to size yours without tripping Medicare IRMAA, ACA subsidy cliffs, or phaseouts. You’ll learn the “retirement tax valley” timing, how to calculate your conversion room, and the guardrails that keep a smart move from turning costly. This isn’t about hacks. It’s about aligning taxes, timing, and your life- so you build durable, tax-free income with confidence. - What You’ll Learn in This Video👇 ✅ The 3 rules for a winning Roth conversion (rate arbitrage, income smoothing, no surcharge surprises) ✅ “Retirement tax valley”: the window after work, before SS/RMDs when conversions shine ✅ How to calculate this year’s conversion room (“fill, don’t spill”) and pay tax without penalties ✅ Law changes to watch: wider lower brackets vs. hidden phaseouts that raise your effective rate ✅ IRMAA & ACA tripwires: how $1 over a tier can add $3,000 - $6,000 in premiums next year ✅ Pro-rata rule (Form 8606), asset location after you convert, and the Dec 31 hard deadline ✅ Case study: multi-year plan → lower lifetime taxes, fewer surcharges, bigger ending Roth - Who Is This Video For? 📌 Gen X & Boomers in their 50s - 60s eyeing conversions in the gap years 📌 High earners with RSUs/bonuses who don’t want to overpay by converting in peak years 📌 DIY planners who want a clear formula and simple guardrails 📌 Couples planning Social Security/RMD timing and survivor tax exposure -  Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/ Subscribe for weekly, data-driven retirement strategies👇 YouTube: @DrPrestonCherry Take the Gen X Retirement Readiness Quiz 🚨 https://concurrentfp.typeform.com/genx-scorecard - Key Words linking To This Topic: Roth conversion timing, retirement tax valley, IRMAA Medicare surcharge, ACA subsidy cliff, pro rata rule Form 8606, Roth conversion penalties, estimated tax safe harbor, TCJA brackets phaseouts, Social Security timing, RMD planning, asset location Roth vs pre-tax, Gen X retirement planning, tax efficient retirement income, convert to Roth or not, Medicare premiums tiers, lifetime tax planning #RothConversion #TaxFreeRetirement #RetirementPlanning #GenXMoney #IRMAA #MedicarePremiums #TaxStrategy #RMDPlanning #SocialSecurityTiming #ACACliff #Form8606 #BracketManagement #TaxBracketArbitrage #AssetLocation #FinancialPlanning #PersonalFinance #InvestingTips #RetireSmart #AvoidOverpaying #WealthPlanning #TaxTips #MoneyMatters #RetirementStrategy #PortfolioPlanning #CFPAdvice

Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ - Most retirement plans obsess over how long you’ll live (lifespan) and miss the years you’ll live well (healthspan). In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) shows Gen X how to plan for the years you’re healthiest, most active, and most fulfilled - and how to align money to life stages, not just birthdays. You’ll learn a simple framework to fund your “go-go” years, protect the “slow-go,” and prepare for the “no-go” - without oversaving your best years away. This isn’t about perfection. It’s about harmony - so you can live your wealth, your way. - What You’ll Learn in This Video: ✅ Healthspan vs Lifespan: the difference, why it matters, and what the latest stats imply for Gen X ✅ Life-Stage Planning over Age-Based Rules ✅ The Oversaving Trap: how underspending in your prime steals joy - plus a sane spend plan by vitality phase ✅ Practical Healthspan Moves: preventive care cadence, fitness & recovery basics, and long-term care planning while premiums are lower ✅ A Life-Stage Budget Overlay: align cash flow to energy levels, not just actuarial life expectancy ✅ Review Rhythm: quarterly “Health & Wealth” check-ins to adjust spending, travel, care, and coverage as needs change - Who Is This Video For? 📌 Gen X  - within 5–15 years of retirement 📌 High earners/business owners who want freedom without fear 📌 Couples coordinating lifestyle, caregiving, and survivor planning 📌 DIY investors who want a clear, values-first, stage-based plan -  Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/ Subscribe for Weekly, Life-Stage Retirement Strategies👇 YouTube: @DrPrestonCherry Take the Gen X Retirement Readiness Quiz 🚨 https://concurrentfp.typeform.com/genx-scorecard - Key Words linking To This Topic: healthspan vs lifespan, Gen X retirement planning, plan by life stage not age, go go slow go no go, retirement lifestyle design, oversaving underspending retirement, longevity planning, preventive care in retirement, long-term care insurance planning, retirement income buckets, values-based planning, retirement purpose and routine, financial wellness Gen X, retire on your terms, healthspan strategy, Life Money Balance, Dr. Preston Cherry, Concurrent Wealth Management #GenX #Healthspan #RetirementPlanning #Longevity #LifestyleDesign #FinancialWellness #RetireOnYourTerms #RetirementIncome #LongTermCare #GoGoSlowGoNoGo #PurposeInRetirement #LifeMoneyBalance

Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ - Is “wait until 70” always best? Not for every Gen Xer. In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down 3 smart reasons Gen X might want to claim Social Security at 62 - and when it doesn’t make sense. You’ll see how early benefits can protect your portfolio, reduce stress, and align income with the life you actually want to live. This isn’t about chasing a perfect number. It’s about aligning your life and your money - so you can live your wealth, your way. - What You’ll Learn in This Video ✅ The 3 smart reasons to consider claiming at 62 ✅ Why break-even age isn’t the only metric that matters ✅ How early Social Security can reduce sequence-of-returns risk and smooth withdrawals ✅ A simple spouse strategy: lower earner early, higher earner later for a stronger survivor benefit ✅ Key guardrails if you’re still working (Earnings Test), plus taxes on benefits and basic IRMAA timing awareness ✅ How to fit Social Security into an overall retirement income plan (Roth, brokerage, IRA/RMDs) - Who Is This Video For? 📌 Those weighing early retirement or partial work 📌 Couples coordinating benefits and survivor income 📌 DIY investors who want a clear, values-first income plan 📌 Professionals seeking flexibility, not one-size-fits-all rules - Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/ Subscribe For Weekly, Data-Driven Retirement Strategies👇 YouTube:  @DrPrestonCherry   - Key Words linking To This Topic: Social Security at 62, should I take Social Security early, Gen X retirement planning, Social Security claiming strategy, retirement income planning, break-even age Social Security, guaranteed retirement income, claim Social Security early, IRMAA basics, sequence of returns risk, survivor benefits strategy, RMD planning, Roth vs pre-tax withdrawals, Gen X retirement #SocialSecurity #GenX #RetirementPlanning #SocialSecurityAt62 #ClaimEarly #GenXRetirement #RetirementIncome #BreakEvenAge #SpousalBenefits #SurvivorBenefits #IRMAA #RMDPlanning #TaxSmartRetirement #SequenceRisk #RothVsPreTax #RetireOnYourTerms #GuaranteedIncome #MedicarePlanning #SSA #InflationAdjustedIncome #RetireConfident #RetirementStrategy #FinancialFreedom #WealthInTheKeyOfLife #MoneyMindset

In this conversation, Dr. Preston Cherry breaks down a side of retirement most people overlook: the emotional shift. It’s not just about saving enough—it’s about preparing for a whole new identity and way of living. He shares a framework that helps you rethink retirement with tools like identity checks, relationship mapping, and time design. The goal? A life that feels as good as it looks on paper. Takeaways: • Confidence Gap: Gen X isn’t feeling ready • It’s an Identity Shift: Not just a savings goal • First Year Feels: Expect emotional ups and downs • Purpose Matters: Plan more than just finances • Rethink Daily Life: Design your post-retirement days 00:00 Intro 00:47 The Importance of Emotional Preparation for Retirement 01:52 The Retirement Life Readiness Framework 03:00 Designing Your Next Chapter on Purpose Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword Explore award-winning wealth advisory services: https://www.concurrentfp.com/ Read Wealth In The Key of Life by Dr. Preston Cherry: https://drprestoncherry.com/book/ Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

In this episode, Dr. Cherry offers thoughtful guidance on navigating the recent rise in Bitcoin’s price. While market excitement is understandable, he reminds us that disciplined investing is not about reacting to headlines—it’s about following a well-crafted financial plan. Takeaways: • Don’t chase hype • Know your crypto types • Core first, crypto later • Plan before you invest • Taxes still apply 00:00 Intro 00:52 Bitcoin's New High and Market Reactions 01:41 Understanding Crypto Categories 02:32 Investment Strategies for Crypto 03:58 Balancing Crypto in Your Portfolio Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword Explore award-winning wealth advisory services:  https://www.concurrentfp.com/ Read Wealth In The Key of Life by Dr. Preston Cherry:  https://drprestoncherry.com/book/ Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry explains how to take advantage of the new rules that could save you 20% on qualified income every year and unlock up to $10 million in tax-free gains when you sell or exit your business. From avoiding costly timing mistakes to structuring smart early, Dr. Cherry breaks down what it really means to build a tax-smart runway. Takeaways: • 20% income deduction • $10M+ capital gains = 0% tax • QBI = annual savings • QSBS = tax-free exit • Timing = everything 00:00 Intro 01:00 Tax Strategies Simplified 04:51 Optimizing QBI and QSBS Strategies 06:23 Empower Your Growth Journey Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword Explore award-winning wealth advisory services: https://www.concurrentfp.com/ Read Wealth In The Key of Life by Dr. Preston Cherry: https://drprestoncherry.com/book/ Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Are Premium Credit Cards Still Worth It? In this episode, Dr. Preston Cherry breaks down the truth behind those flashy, high-fee credit cards like the Amex Platinum and Chase Sapphire Reserve. Are the perks really that valuable—or are you just paying for status? From overcrowded lounges to scattered benefits, Dr. Cherry reveals what you really need to know before swiping that premium card. He urges listeners to take a closer look at how they’re using their cards, whether the rewards actually match their lifestyle, and how to avoid the trap of chasing points instead of building a smart spending plan. Takeaways: • Perks often overhyped • Lounges = crowded chaos • Spending must be intentional • Points ≠ a good plan • Audit your usage 00:00 Intro 00:53 Understanding Premium Card Perks 02:41 The Reality of Lounge Access 03:59 Intentional Spending Strategies 06:43 Personal Audit for Credit Card Use Get The Wealth Word — our free weekly newsletter on wealth and well-being: https://wealth.concurrentfp.com/thewealthword Explore award-winning wealth advisory services: https://www.concurrentfp.com/ Read Wealth In The Key of Life by Dr. Preston Cherry: https://drprestoncherry.com/book/ Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/

Dr. Preston Cherry explains why many Gen Xers are caught off guard when they find out—yes, your Social Security can be taxed. Up to 85% of your benefits could be taxable if your income crosses certain thresholds—thresholds that haven’t kept up with inflation. If you've saved diligently or have extra income from side gigs or investments, you could be looking at a smaller Social Security check than expected. The surprise? It’s all perfectly legal—and avoidable with the right planning. Takeaways: • Taxed Social Security • IRMAA surprise fees • RMDs raise taxes • Two-year income lag • Plan withdrawals smart 00:00 Intro 01:00 Social Security Isn’t Tax-Free 02:26 IRMAA and RMDs 04:43 What to Do Instead 05:56 Final Thoughts Want to learn more? Connect with us below! Stay informed and inspired! Join our FREE wealth & well-being newsletter Do you want confidence & clarity? Check out our award-winning wealth advice services Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’ Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

Should You Claim Social Security at 62? Dr. Preston Cherry challenges the idea that you have to wait until 70 to claim Social Security. For Gen Xers juggling aging parents and kids, claiming at 62 could offer more than just a check—it could bring peace of mind, flexibility, and better use of your money now. The key? Making the choice that fits your life, not someone else's rule of thumb. Takeaways: • More Flexibility Now • Less Portfolio Stress • Smart Tax Moves • Fits Gen X Life • Your Goals Matter 00:00 Intro 00:59 Should You Really Wait Until 70? 03:52 Claiming Early as a Tax Strategy 06:11 The Trap of Default Advice 07:14 Final Thoughts Want to learn more? Connect with us below! Stay informed and inspired! Join our FREE wealth & well-being newsletter Do you want confidence & clarity? Check out our award-winning wealth advice services Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’ Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry breaks down how Gen X professionals can use a smart tax strategy called Net Unrealized Appreciation (NUA) to turn company stock in their 401(k)s into tax-efficient income. He explains how the right moves can help you retire earlier and keep more of your money—and how one wrong step can cost you big. Takeaways: • Company stock matters • NUA lowers taxes • Don't rush to IRA • Act with a plan • Mistakes are costly Want to learn more? Connect with us below! Stay informed and inspired! Join our FREE wealth & well-being newsletter Do you want confidence & clarity? Check out our award-winning wealth advice services Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’ Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry breaks down the often confusing world of inherited IRAs. He explains how taxes, rules, and recent law changes (like the SECURE Act) can impact your inheritance. Whether you're a spouse or a non-spouse heir, knowing the rules is key to avoiding costly mistakes. With smart planning, an inherited IRA can help grow your wealth and honor your loved one’s legacy. Takeaways: • Know the tax rules • Don’t miss RMDs • SECURE Act changes • Spouses have options • Plan to protect wealth Want to learn more? Connect with us below! Stay informed and inspired! Join our FREE wealth & well-being newsletter Do you want confidence & clarity? Check out our award-winning wealth advice services Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’ Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry talks about why Gen X should focus on health span—how well you live—not just lifespan—how long you live. He explains that many people over-save for retirement and miss out on living fully now. Instead of treating retirement as one big block of time, he encourages planning for different life stages. The key is to spend in ways that match your current life and values—so you can enjoy life while building for the future. Takeaways: • Plan for health span • Spend by life stage • Avoid over-saving trap • Live well now • Retirement has chapters Want to learn more? Connect with us below! Stay informed and inspired! Join our FREE wealth & well-being newsletter Do you want confidence & clarity? Check out our award-winning wealth advice services. Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’ Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry sheds light on why even high-income earners need solid financial education. Earning more doesn’t mean knowing more about money. He explains how true financial literacy helps people make smarter decisions, avoid costly mistakes, and feel more confident. Using real-life examples, he shows that financial wellness is not just about managing money—it’s also about understanding it, emotionally and practically. Takeaways: • Income ≠ Financial smarts • Education boosts confidence • Avoid costly mistakes • Plan with clarity • Money affects emotions Want to learn more? Connect with us below! Stay informed and inspired! Join our FREE wealth & well-being newsletter Do you want confidence & clarity? Check out our award-winning wealth advice services Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’ Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry breaks down this old investing rule and why it might not work anymore. Originally tied to London’s horse racing season, the idea was to cash out in May and return in November. But in today’s fast-paced, data-driven markets, that strategy is losing steam. Dr. Cherry explains why staying invested and using smarter tactics beats trying to time the market. Takeaways: • Old rule, outdated • Timing rarely wins • Stay invested long-term • Use smart rebalancing • Focus beats fear Want to learn more? Connect with us below! Stay informed and inspired! Join our FREE wealth & well-being newsletter Do you want confidence & clarity? Check out our award-winning wealth advice services Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’ Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/

In this episode, Dr. Preston Cherry breaks down why Health Savings Accounts (HSAs) are a powerful tool—not just for today’s medical bills but for building your retirement nest egg. With big tax perks and long-term flexibility, HSAs can do more than you think. Learn how to use them smartly now and in retirement. Takeaways: • Triple Tax Advantage • Max Out Contributions • Invest for Growth • Cover Future Healthcare • No Expiration Date Want to learn more? Connect with us below! Stay informed and inspired! Join our FREE wealth & well-being newsletter Do you want confidence & clarity? Check out our award-winning wealth advice services Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’ Disclosure: episodes are educational only, not advice. Review our disclosures here: https://www.concurrentfp.com/disclosures/