Wealth Redefined®

Jan 08 2025 244 ep. 20 mins 14

Wealth Redefined® Podcast artwork

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

Business Education

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E243: My Three Words for 2025 – Setting Intentions for the New Year

Jan 08 2025 8 mins

I love this exercise because it avoids the head trash that can result from the pass/fail nature of goal-setting. Don’t get me wrong, there is a time and place for setting goals. But for me, setting three words is much more effective when defining a theme for an entire year.

E242: How to Create Retirement Income From Your Investments – Three Popular Strategies

Oct 30 2024 22 mins

Here’s a look at three common retirement income strategies—Systematic Withdrawals (Total Return with Rebalancing), the Bucket Strategy, and the Guardrails approach. Each one has its own strengths and challenges, depending on your goals, risk tolerance, and personal style.

E241: Why Shouldn’t I Just Invest in the S&P 500?

Oct 16 2024 10 mins

While the S&P 500 can be a great foundation for a portfolio, investing solely in this one segment of the market may not always be the best approach. We'll explore several reasons why relying solely on the S&P 500 might not be the ideal strategy.

E240: What to Do if You Lose Your Job

Oct 09 2024 15 mins

Losing your job is never easy, whether you saw it coming or it took you by surprise. Beyond the emotional toll, the financial uncertainty can be overwhelming. However, with thoughtful planning and strategic actions, you can protect your financial future and manage the transition to your next chapter with confidence.

E239: 5 Myths About 401(k) Plans That Need to Be Debunked

Oct 02 2024 9 mins

The truth is, a 401(k) can be a powerful tool for building a secure retirement if you know how to use it wisely. We'll dive into five of the most common myths about 401(k) plans, debunk them, and provide clarity so you can make the most of your retirement savings strategy.

E238: How Do Presidential Elections Affect the Stock Market?

Sep 25 2024 8 mins

Presidential elections often bring a heightened sense of uncertainty to the stock market, but historical data suggests that the impact is not as significant or predictable as many might believe. Here are some key points to consider.

E237: Navigating Your Child’s Transition to Independence – Key Considerations for Parents

Sep 18 2024 11 mins

As your child becomes independent, there are a multitude of factors to consider. From health care access and insurance coverage to tax strategies and estate planning, it’s a significant transition for both you and your child. By proactively addressing these issues, you can ensure a smoother path toward your child's independence while safeguarding your family's financial well-bein

E236: The Right Way to Set Up (and Use) YNAB for Budgeting

Sep 11 2024 27 mins

You Need a Budget (YNAB) is a powerful tool that can help you manage your cash flow, save with intention, and spend with confidence. I'm going to walk you through the "right" way to set it up and use it. Or at least, MY way.

E235: How to Freeze Your Credit (And Why You Might Want To)

Aug 28 2024 9 mins

One tool in your fight against identity theft is a credit freeze. But what exactly is a credit freeze, and why should you consider implementing one?

E234: The Psychology Behind Overspending

Aug 21 2024 12 mins

Overspending is a common financial challenge that affects millions of people, regardless of income level or financial knowledge.