Home
Categories
EXPLORE
True Crime
Comedy
Business
Society & Culture
History
Sports
Health & Fitness
About Us
Contact Us
Copyright
© 2024 PodJoint
00:00 / 00:00
Sign in

or

Don't have an account?
Sign up
Forgot password
https://is1-ssl.mzstatic.com/image/thumb/Podcasts221/v4/3a/da/dd/3adaddd4-050d-fec8-0523-ed0eb032070c/mza_17977210221186648836.jpg/600x600bb.jpg
Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Michael Garry & Madison DeMora
62 episodes
1 week ago
Send us a text In this episode of Not Just Numbers, Mike and Madison break down a costly estate planning mistake that led one family to pay $1.5 million in unnecessary taxes. Using a recent Wall Street Journal case as an example, they explain how filing errors and missed portability elections can erase major tax benefits for heirs. Tune in to learn how to avoid these common estate tax pitfalls, why filing even when no taxes are due matters, and how proper planning can protect your family’s we...
Show more...
Investing
Education,
Business
RSS
All content for Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!) is the property of Michael Garry & Madison DeMora and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Send us a text In this episode of Not Just Numbers, Mike and Madison break down a costly estate planning mistake that led one family to pay $1.5 million in unnecessary taxes. Using a recent Wall Street Journal case as an example, they explain how filing errors and missed portability elections can erase major tax benefits for heirs. Tune in to learn how to avoid these common estate tax pitfalls, why filing even when no taxes are due matters, and how proper planning can protect your family’s we...
Show more...
Investing
Education,
Business
Episodes (20/62)
Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 62 The Hidden Cost of Estate Planning Errors Then Joined by Shellee Howard from College Ready
Send us a text In this episode of Not Just Numbers, Mike and Madison break down a costly estate planning mistake that led one family to pay $1.5 million in unnecessary taxes. Using a recent Wall Street Journal case as an example, they explain how filing errors and missed portability elections can erase major tax benefits for heirs. Tune in to learn how to avoid these common estate tax pitfalls, why filing even when no taxes are due matters, and how proper planning can protect your family’s we...
Show more...
1 week ago
43 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 61 Should You Pay Off Your Mortgage Early? Then joined by Yvonne from The Crossing Animal Society
Send us a text In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Mike and Madison dive into one of the most common financial questions: Should I pay off my mortgage early? They break down the advantages and disadvantages of paying down your mortgage ahead of schedule. From interest savings and peace of mind to opportunity costs and tax considerations, this conversation will help you weigh whether being mortgage-free is the right financial move for ...
Show more...
3 weeks ago
49 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 60 Colleges Fail the Liquidity Test: Lessons for Everyday Investors Then joined by Matt Stout from Stout Organics Turf and Plant Care
Send us a text In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Mike and Madison unpack Jason Zweig’s Wall Street Journal article, “Colleges Fail This Basic Test.” They explore how some of the nation’s wealthiest universities, with billions in endowments, still find themselves scrambling for cash during downturns. Mike explains why liquidity is essential, even for billion-dollar institutions, and how the same principle applies to individual invest...
Show more...
1 month ago
24 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 59 Millennials and Money: Why Financial Anxiety Still Lingers Then joined by Anne Lester
Send us a text Millennials are entering midlife with more wealth than previous generations at the same age, yet many remain anxious about their financial futures. In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike sit down with Maureen to unpack what’s driving this paradox. They explore how economic challenges shaped millennials’ money habits, what today’s numbers really reveal, and what it all means for financial planning moving fo...
Show more...
1 month ago
56 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 58 Breaking Down the One Big Beautiful Bill Act: What You Need to Know
Send us a text In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike break down the sweeping One Big Beautiful Bill Act, a new tax law signed into effect in July. At 887 pages, this legislation makes several provisions of the 2017 Tax Cuts and Jobs Act (TCJA) permanent while introducing new deductions, exemptions, and planning opportunities for individuals, families, and business owners. Mike, a financial advisor, CFP® practitioner, an...
Show more...
2 months ago
10 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 57 Breaking Free from Investing’s Memory Traps Then joined by Joe Dillon from Equitable Mediation
Send us a text In this episode of Not Just Numbers, Madison and Mike explore how our personal financial memories, whether shaped by market crashes, bull runs, or housing booms, can cloud judgment and influence investing decisions. Inspired by Jason Zweig’s Wall Street Journal article, they unpack the dangers of recency bias, the evolving role of cash in portfolios, and the importance of balancing historical perspective with real-time adaptability. Learn how to avoid overreacting to market noi...
Show more...
2 months ago
59 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 56 What You Need to Know About the 2025 Changes to Inherited IRA Rules
Send us a text In this episode of Not Just Numbers, Madison and Mike break down the upcoming 2025 changes to inherited IRA rules, and why beneficiaries and financial planners alike need to pay close attention. They discuss how the SECURE Act has already reshaped the way IRAs are passed on and what’s coming next as the IRS begins enforcing the 10-year distribution rule more strictly. Mike explains who the new rules apply to, what beneficiaries need to prepare for, and how to navigate these cha...
Show more...
3 months ago
12 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 55 Think Twice Before Mailing Retirement Checks
Send us a text In this episode, Madison and Mike break down “Mailed, Stolen, and Cashed,” a New York Times article by Ron Lieber that uncovers a disturbing trend: checks being stolen from the mail, altered, and cashed. Mike shares insight into the systemic issues that make this possible, how consumers are being left in the dark, and what to do if it happens to you. From financial literacy to institutional responsibility, this conversation sheds light on the hidden risks of mailing payments an...
Show more...
3 months ago
9 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 54 Making Sense of Equity Compensation with Maureen Donahue
Send us a text In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike are joined by Certified Financial Planner Practitioner Maureen Donahue to unpack one of the most misunderstood, and potentially most valuable parts of employee compensation: equity. From stock options to RSUs, the team dives into what these benefits actually are, how to evaluate them, and what to consider when they're part of your compensation package. Whether you're ...
Show more...
4 months ago
12 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 53 Turning Retirement Savings into a Steady Income Plan Then joined by Eric from The Garden Artisan
Send us a text In this episode of Not Just Numbers, Madison and Mike dive into one of the most common questions clients ask: How do I turn my retirement savings into reliable income? Mike explains the importance of timing Social Security benefits, strategies for minimizing lifetime taxes through smart withdrawal planning, and how to protect your portfolio against market downturns with proper asset allocation. Whether you’re approaching retirement or advising someone who is, this episode offer...
Show more...
4 months ago
41 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 52 Why Zero Income Tax Doesn’t Mean Zero Financial Surprises
Send us a text In this episode of Not Just Numbers, Madison and Mike break down a recent Wall Street Journal article that challenges the popular belief that moving to a no-income-tax state guarantees retirement savings. From skyrocketing insurance costs to hidden fees and property taxes, Mike explains why retirees need to think beyond just income tax rates when relocating. Learn how financial strategies like Roth conversions can help reduce state-level tax burdens, and why every move should c...
Show more...
5 months ago
11 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 51 Beyond the Numbers: Preparing Mentally and Emotionally for a Fulfilling Retirement
Send us a text In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike dive into a New York Times article about the mental and emotional challenges of retirement. They discuss why thoughtful preparation beyond finances is essential for a successful and fulfilling retirement, the importance of finding purpose after leaving the workforce, and how social engagement, hobbies, and volunteer work can significantly impact retirees' well-being. ...
Show more...
6 months ago
14 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 50 Financial Market Recap with Mike Then Employee Spotlight on Amy Garry
Send us a text In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, hosts Madison Demora and Mike Garry introduce April’s Employee Spotlight, Amy Garry—financial planning associate at Yardley Wealth Management. Amy shares her journey into the industry, her dedication to the firm's mission, and a few fun personal details. Mike also dives into a candid discussion about recent market volatility, offering perspective on long-term investing, stress-testing...
Show more...
6 months ago
15 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 49 The Psychology of Financial Wellness: A Conversation with Dr. Emily Koochel
Send us a text In this episode of Not Just Numbers, hosts Mike Garry and Madison DeMora sit down with Dr. Emily Koochel, a leading expert in financial wellness, behavioral finance, and financial psychology. As the Manager of Financial Wellness at eMoney Advisor, Dr. Koochel shares insights on how our relationship with money is shaped from an early age, the impact of financial transparency on trust, and strategies for navigating financial conflicts in relationships. She also discusses the psyc...
Show more...
7 months ago
43 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 48 Investing Smarter: Strategies for Long-Term Success with Apollo Lupescu
Send us a text In this episode, Mike and Maddie welcome Apollo Lupescu, Vice President at Dimensional Fund Advisors, a premier investment manager with over $800 billion in assets. With a Ph.D. in Economics and Finance from UC Santa Barbara and 21 years at Dimensional, Apollo offers deep insights into the firm’s data-driven approach to investing. He explains key investment concepts, including the differences between mutual funds and ETFs, the benefits of stock ownership, and how bonds serve as...
Show more...
7 months ago
1 hour

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 47 Roth IRA vs. Traditional IRA: Is a Conversion Right for You? Then joined by Tim and Suzanne from T. Foster & Co.
Send us a text In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, hosts Madison Demora and Mike Garry break down everything you need to know about Roth IRA conversions. If you're considering converting your traditional IRA to a Roth IRA but aren’t sure if it’s the right move, this episode is for you. Mike explains the key differences between traditional and Roth IRAs, the tax implications of a conversion, and who should (or shouldn’t) consider makin...
Show more...
8 months ago
48 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 46 Retirement Spending Fears: Why Even Wealthy Retirees Hold Back
Send us a text In this episode of Not Just Numbers, Madison Demora and Mike Garry discuss the surprising trend of wealthy retirees underspending in retirement despite having the financial means to enjoy it. They explore the "retirement consumption puzzle" and the psychological shift from decades of saving to spending. Mike shares insights from client experiences, explains the importance of planning for meaningful spending, and offers strategies to strike the right balance between financial se...
Show more...
8 months ago
16 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 45 Why Paying More Taxes Now Can Be a Smart Move
Send us a text In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison Demora and Mike Garry break down a recent Wall Street Journal article, "Paying More Tax Can Be a Smart Play" by Laura Saunders. They discuss why traditional tax-deferral strategies may backfire, especially for retirees with large tax-deferred accounts like 401(k)s and IRAs. Mike explains how proactive tax planning such as strategic Roth conversions and capital gains management...
Show more...
9 months ago
19 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 44 The Pursuit of a Perfect Credit Score - Is It Worth It? Then joined by Ryan Dittes from RDs Total Lawn
Send us a text In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, Madison and Mike discuss the fascinating story of Steve Mitchell, a Texas engineer who became determined to achieve a perfect 850 credit score. They explore Mitchell's journey, the strategies he used, and whether perfection is truly necessary when it comes to credit scores. Mike shares the importance of responsible credit habits, and when focusing on your score can become counterprodu...
Show more...
9 months ago
55 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Ep. 43 Maximizing Your Stock Awards: A Guide to RSUs and Stock Options
Send us a text In this episode of Not Just Numbers: Honest Conversations with a Financial Advisor and Lawyer, hosts Madison Demora and Mike Garry break down the essentials of employer stock awards, including Restricted Stock Units (RSUs), stock options, and the key financial strategies you need to know. Learn how vesting schedules, strike prices, and cashless exercises work, and discover how to manage tax implications while maximizing your income potential. Whether you're new to stock-based c...
Show more...
10 months ago
17 minutes

Not Just Numbers: Honest Conversations with a Financial Advisor (and Lawyer!)
Send us a text In this episode of Not Just Numbers, Mike and Madison break down a costly estate planning mistake that led one family to pay $1.5 million in unnecessary taxes. Using a recent Wall Street Journal case as an example, they explain how filing errors and missed portability elections can erase major tax benefits for heirs. Tune in to learn how to avoid these common estate tax pitfalls, why filing even when no taxes are due matters, and how proper planning can protect your family’s we...