The Financial Harmony™ Podcast

EXPLORE

Society & Culture

© 2024 PodJoint

https://is1-ssl.mzstatic.com/image/thumb/Podcasts221/v4/43/02/37/430237ee-f1db-5e37-c0e8-c23fba703109/mza_8840408333742918745.jpg/600x600bb.jpg

The Financial Harmony™ Podcast

Dr. Preston Cherry

104 episodes

1 week ago

🚨$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 Securit...

Show more...

Self-Improvement

All content for The Financial Harmony™ Podcast is the property of Dr. Preston Cherry 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.

🚨$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 Securit...

Show more...

Self-Improvement

Episodes (20/104)

The Financial Harmony™ Podcast

Most Retirees Are SHOCKED When They Learn This Social Security Tax Trap

🚨$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 Securit...

1 month ago

5 minutes

The Financial Harmony™ Podcast

Over 50? Watch This — You’ll Catch Up on Your Retirement

🚨$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 Sta...

1 month ago

8 minutes

The Financial Harmony™ Podcast

Where Most Retirement Plans Secretly FAIL (And You Won’t See It Coming)

🚨 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...

1 month ago

10 minutes

The Financial Harmony™ Podcast

This Secret Retirement Cost Could DELAY Your Retirement By 3+ Years

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 ...

1 month ago

7 minutes

The Financial Harmony™ Podcast

Stop! Don’t Convert to Roth Until You Watch This (or you’ll overpay)

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” timi...

2 months ago

11 minutes

The Financial Harmony™ Podcast

My Honest Thoughts To Anyone Working Past 59... RETIRE ASAP

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 ...

2 months ago

5 minutes

The Financial Harmony™ Podcast

57% of Retirees Regret Not Doing These 5 Things Earlier

Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/ - 57% of Gen Xers regret not starting retirement savings earlier - but that’s not the only miss. In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down the 5 most common money regrets derailing Gen X - and shows you a simple 4R Framework to realign fast. This isn’t about shame. It’s abou...

2 months ago

4 minutes

The Financial Harmony™ Podcast

Why Smart Retirees Claim Social Security at 62 (Not 70)

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 inc...

2 months ago

7 minutes

The Financial Harmony™ Podcast

Can You REALLY Retire at 50 vs 60 With $1.5M? | CFP Case Study

Want a clear answer on retiring at 50 vs 60 with $1.5M? Book a free retirement readiness call 👉 https://www.concurrentfp.com/ - Is $1.5M enough? In this data-driven case study, Dr. Preston Cherry (Financial Planning Ph.D., Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down two real scenarios: retiring at 50 and at 60 - using realistic spending, taxes, and market assumptions. You’ll see how sequence-of-returns risk, Social Security timing, and a Guardrails-based...

3 months ago

5 minutes

The Financial Harmony™ Podcast

Most People Miss This Before Retiring

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 sa...

3 months ago

5 minutes

The Financial Harmony™ Podcast

Top 5 Gen X Money Regrets (And How to Fix Them)

Gen X’s Biggest Money Regrets—And How to Fix Them Dr. Preston Cherry opens up about the top financial regrets Gen X faces—from late retirement saving to piling on debt. The good news? It’s not too late to turn things around. In this eye-opening conversation, Dr. Cherry shares how Gen Xers can shift from regret to resilience with simple mindset changes and a values-based wealth plan. Whether it’s saving more, cutting debt, or protecting your legacy—small steps today can lead to big changes t...

3 months ago

5 minutes

The Financial Harmony™ Podcast

What a TOD Deed Can Do for Your Estate Plan

Inheriting a Home Shouldn’t Be This Hard… In this episode, Dr. Preston Cherry breaks down why so many families run into legal trouble when passing down their home—and how a Transfer on Death Deed (TODD) can make things much easier. Takeaways: • Avoid probate delays • Keep control while alive • Name your home’s heir • Protect emotional legacy • Pair with a trust 00:00 Intro 00:58 The Importance of Transfer on Death Deeds 01:25 Steps to Implement a TOD Deed 03:01 Limitations and Consideratio...

3 months ago

5 minutes

The Financial Harmony™ Podcast

Does Crypto Belong in Your Investing Portfolio?

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 Categor...

4 months ago

7 minutes

The Financial Harmony™ Podcast

The Big Beautiful Bill Could Save Business Owners 6 Figures in Taxes

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 0...

4 months ago

6 minutes

The Financial Harmony™ Podcast

Big Fees: Are You Overpaying for Amex Platinum or Chase Sapphire?

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 actuall...

4 months ago

8 minutes

The Financial Harmony™ Podcast

Are Social Security Benefits Taxable? Gen X Are Shocked About the Tax Traps

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. Takeaway...

4 months ago

6 minutes

The Financial Harmony™ Podcast

Should Gen X Take Social Security at 62? Smart or Risky?

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 Goa...

4 months ago

8 minutes

The Financial Harmony™ Podcast

Why High Earners Still Feel Stuck Financially

In this episode, Dr. Preston Cherry breaks down why many high-income Gen Xers still feel stuck financially. Even with good paychecks, lifestyle creep and unclear goals can cause stress. Dr. Cherry explains how aligning your money with your values—not just chasing more—can lead to real peace and freedom. It's not about starving your present for your future. It’s about balance. Takeaways: • Lifestyle creep adds stress • Align money with values • Spending shows priorities • Net worth ≠ freedom ...

5 months ago

6 minutes

The Financial Harmony™ Podcast

NUA Tax Strategy: The Secret to Saving BIG on Company Stock

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! ...

5 months ago

7 minutes

The Financial Harmony™ Podcast

Inherited IRAs Explained: What Heirs Need to Know to Avoid Costly Mistakes

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...

5 months ago

4 minutes