Aug 27, 2020
Personal money management requires you to focus not only on offense, but also on defense. On this episode of the show, Ty McCormack, Senior Wealth Advisor/401k Plan Practice Expert for Avantax Wealth Management, joins the show to share the 5 lessons he's learned from managing $1 billion. Ty has a great approach when it comes to personal money management and helps his clients put together a truly holistic portfolio that covers all bases. Listen to learn more about some of the great tips he has to share!
In this episode, we cover:
Lesson #1 - Taxes are an unequal partnership with the government
2018 Tax Cuts & Jobs Act
Lesson #2 - Good jobs pay well, great jobs focus on benefits
Lesson #3 - Wealth management needs to be holistic
Lesson #4 - You're only as rich as your ability to budget and save
Lesson #5 - It can be advantageous to work with an advisor
To connect with Ty, check him out on LinkedIn: https://www.linkedin.com/in/tymccormack/
Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188