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Wealth Redefined®

Michael Reynolds, CFP®

Practical insights on money with a modern approach to building wealth. Hosted by Michael Reynolds, CERTIFIED FINANCIAL PLANNER™ (CFP®) and Principal of Elevation Financial.

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20 episodes
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Avg 13 min
English

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#319
Wednesday · 16 min
E319: The Pros and Cons of Using Your Brokerage Account as an Emergency Fund
Can your brokerage account double as an emergency fund? Learn the pros, cons, tax impact, and how to use it as a backup to your cash reserve.
#318
October 21 · 20 min
E318: Open Enrollment Checklist – How to Review Your Employee Benefits
Open enrollment is your yearly chance to fix your benefits. Learn how to review health insurance, HSAs, FSAs, your 401(k), life and disability insurance, and more.
#317
October 14 · 6 min
E317: How "Passive Budgeting" Can Help You Even if You Don't Want to Budget
If you hate the idea of budgeting but you don't want to leave everything to chance, is there a middle ground? You're in luck. There is a path that may appeal to you, and I call it "passive budgeting."
#316
October 7 · 11 min
E316: What Is a Trusted Contact on Your Investment Account, and Why Should You Name One?
What is a trusted contact person on your brokerage account? See why it exists, what your firm can share, and when naming one could protect your savings.
#315
September 16 · 11 min
E315: How to Implement Reverse Budgeting
The best cash flow system is the one you'll actually keep using. For a lot of people, that system is reverse budgeting.
#314
September 2 · 10 min
E314: How Do You Know When You're Ready to Buy a House?
It's okay to get excited about the thought of buying a house. It's definitely an emotional experience. But base it on a solid financial foundation and make sure you're ready before making the largest purchase of your life.
#313
August 26 · 12 min
E313: What to Do If You Don’t Have a 401(k)
Don't let lack of access to a 401(k) keep you from saving and investing for retirement. You've got plenty of options to fill the gap.
#312
August 19 · 10 min
E312: Should You Buy Life Insurance Before You Need It?
There's a guidelines that says you don't need life insurance until someone depends on you financially. That sounds obvious. But there's a real case for buying a policy before anyone relies on your income, and a lot of people never consider it.
#311
August 5 · 10 min
E311: Is It OK to Get a Big Tax Refund?
Planning for a large tax refund can make sense in a lot of cases. Just because it's not financially optimal doesn't make it wrong.
#310
July 29 · 15 min
E310: How to Build a Business You Can Sell
Not everyone starts a business planning to sell it. Some of you have no interest in an exit at all, and that's fine. But stick with me, because the work that makes a business sellable is the same work that makes it healthier, calmer, and more...
#309
July 22 · 14 min
E309: Five Ways to Simplify Your Money (and How It Helps)
Many people assume that managing money well requires complexity. More accounts, more spreadsheets, more strategies, more monitoring. The opposite is usually true.
#308
July 15 · 12 min
E308: Can I Afford a House Even If I Can't Put 20% Down?
Understanding where the 20% number comes from, and what your actual options are, can help you make a decision based on your finances instead of someone else's rule of thumb.
#307
July 8 · 12 min
E307: Why We Avoid Looking at Our Finances (And What It Costs)
Financial avoidance is very common, but if you learn to recognize it and manage it, you can get better at overcoming these tendencies.
#306
July 1 · 21 min
E306: How to Protect Your Money From Crypto "Pig Butchering" Scams
What is a pig butchering scam? Learn how this crypto fraud works, the warning signs to watch for, and how to protect your money.
#305
June 17 · 14 min
E305: Am I at Risk of Having My Identity Stolen or Being a Victim of Fraud?
Identity theft and financial fraud are not abstract problems that happen to other people. They happen to people who are careful, educated, and financially stable. The good news is that most identity theft and fraud can be prevented with a few...
#305
June 10 · 8 min
E304: What Is a 5498 Tax Form and What Should You Do With It?
You did everything right. You gathered your tax documents, filed your return on time, and finally felt that satisfying sense of closure. Then, sometime in May or June, an envelope shows up with yet another tax form inside.
#303
June 3 · 14 min
E303: The Truth About IPOs – What Wall Street Doesn't Tell The Average Investor
With all the hype around IPOs, it's easy to see why people tend to get excited about getting in on the action. But what does the historical performance data show? And how can everyday investors participate?
#302
May 20 · 11 min
E302: Powers of Attorney – The Estate Planning Documents Almost Nobody Has
There are two documents that belong in almost everyone's hands, and most people don't have them.
#301
May 13 · 12 min
E301: Are 529 Plans Still Worth It? Why I Think the Answer Is Yes (Probably)
The question I keep hearing from parents right now is some version of this: "Is it even worth funding a 529 plan anymore?"
#300
May 6 · 12 min
E300: Why Market Downturns Could Be an Opportunity (And How to Stop Letting Fear Rob You)
Pausing your investments during a market downturn is one of the most common and costly mistakes everyday investors make. In reality, this behavior can rob you of the opportunity for growth.

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