Maxed out your 401k? Learn what to do next to keep your investments growing with tax-efficient strategies and flexible account options. Full show notes: https://www.bonfirefinancial.com/maxing-out-401k To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure...
Thinking about investing in CDs but not sure if they’re worth it? In this episode, we break down what CDs are, how they work, and how strategies like laddering can help you stay flexible while growing your money with less risk. Full show notes: https://www.bonfirefinancial.com/investing-in-cds To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure...
Life insurance can feel a bit overwhelming, and honestly, a little shady. Brian dives into the real difference between permanent life insurance and term life insurance, why term often makes more sense, and how to avoid getting sold on fear instead of facts. Full show notes: https://www.bonfirefinancial.com/permanent-vs-term-life-insurance To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure...
In this episode, Medicare specialist Andrew Mersereau breaks down the critical decisions around Medicare enrollment, including why your initial choice could be permanent, and how to avoid costly mistakes. Whether you're nearing 65 or helping a loved one, this is a must-listen. Full show notes: https://www.bonfirefinancial.com/medicare-choice To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure...
You work hard, but are you enjoying the payoff? Today we are talking about how to spend with intention, save smart, and make room for the moments that matter most. Full show notes: https://www.bonfirefinancial.com/living-for-today To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure...
Think Social Security doesn’t matter if you’re wealthy? In this episode, Brian explains why it does, and how to maximize your Social Security benefits so your kids or favorite charity will thank you. Full show notes: https://www.bonfirefinancial.com/maximize-your-social-security-benefits Get your Social Security Cheat Sheet: https://www.bonfire.financial/social-security-medicare-cheat-sheet To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://...
Most people think Roth conversions are just a retirement tax move. In reality, they can be one of the most powerful estate planning tools available. In this episode, we break down how a well-timed Roth conversion can help your family avoid a massive tax bill, and why paying a little now could save your family a lot later. If you’re serious about leaving a legacy (not a tax mess), this one’s for you. Full show notes: https://www.bonfirefinancial.com/roth-conversion-strategies To learn more about ...
The word gets thrown around a lot. But what does it really mean to work with a fiduciary? In this episode, Brian breaks down what a fiduciary is, why it matters, and how it impacts your financial life. He shares real-life examples and explains how to tell whether your advisor is truly putting your interests first. Full show notes: https://www.bonfirefinancial.com/fiduciary-financial-advisor To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://...
Most investors think they understand their risk tolerance until markets drop or an opportunity knocks. In this episode, Brian breaks down why risk tolerance is more art than science, how asymmetric risk fits into a smart investment strategy, and how to take calculated risks without putting your long-term goals at risk. Full show notes: https://www.bonfirefinancial.com/asymmetric-risk To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bon...
What's actually in your mutual fund? Most people don't know. In this episode, we break down mutual funds and EFTs and clear up common misconceptions. Full show notes: https://www.bonfirefinancial.com/mutual-funds-explained To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure...
Want to give more and pay less in taxes? Brian reveals how donor-advised funds help you do both, plus the strategy smart givers use to maximize deductions and impact. Full show notes: https://www.bonfirefinancial.com/donor-advised-funds To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure...
In this episode of The Field Guide , Brian breaks down the basics of private equity and why it can be a smart move for business owner. From common misconceptions to different ways to invest (without running a company yourself), he covers how private equity works, who it’s suited for, and how it can play a meaningful role in your long-term wealth strategy. Full show notes: https://www.bonfirefinancial.com/investing-in-private-equity To learn more about Bonfire Financial, please visit: https://www...
It’s not flashy. It’s not fun. But it works. Brian dives into the boring strategy that could be the difference between a smooth retirement and a financial freakout. Spoiler: it’s diversification, and it matters way more than you think. Full show notes: https://www.bonfirefinancial.com/diversification To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure...
Markets are down, nerves are up, but this isn’t the time to panic. In this episode, Brian shares why the dollar-cost averaging investment strategy isn't so average. Tune in to learn how a steady hand and a solid plan can turn market dips into long-term wins. Full show notes: https://www.bonfirefinancial.com/dollar-cost-averaging-in-down-markets To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure...
In this episode of The Field Guide , Brian Colvert sits down with Jacob Morgan—owner of a top 1% Farmers Insurance agency—to unpack the surprising risks wealthy homeowners face today. From rising premiums in high-risk areas to common mistakes in luxury coverage, Jacob shares expert insights on how high-net-worth individuals can better protect their homes, cars, and assets in a rapidly changing insurance landscape. Full show notes: https://www.bonfirefinancial.com/insurance-for-high-net-worth-ind...
Market downturns can feel unsettling, but they also present unique opportunities—especially for Roth conversions. In this episode we break down why converting to a Roth during a dip can set you up for tax-free growth and long-term financial advantages. Learn how to maximize your investments when prices are low and make downturns work in your favor. Full show notes: https://www.bonfirefinancial.com/roth-conversion To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.c...
Can physicians truly retire early, or is it just a dream? In this episode, we explore the hidden challenges of physician retirement and the surprising strategies that can make early retirement a reality. Full show notes: https://www.bonfirefinancial.com/physician-retirement To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure...
Ready to sell your business but not sure where to start? In this episode Brian Colvert chats with Chris Blees, CPA, a leading expert in M&A, valuations, and business exits. From maximizing your sale price to avoiding costly mistakes, Chris shares secrets to selling smarter. Whether you're planning years ahead or considering an offer right now, this episode is packed with game-changing insights. Full show notes: https://www.bonfirefinancial.com/selling-your-business To learn more about Bonfir...
Even with millions in the bank, a financial plan is the key to growing and protecting your wealth. Learn how high-net-worth individuals can optimize investments, minimize taxes, and stay on track with a financial plan. Full show notes: https://www.bonfirefinancial.com/high-net-worth-financial-planning To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure/...
Earning a high income doesn’t automatically make you wealthy. In this episode, we break down the key strategies high earners need to grow their money, invest wisely, and avoid common pitfalls. Tune in now! Full show notes: https://www.bonfirefinancial.com/strategies-for-high-earners To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure/...
Nothing says “I love you” like making sure your beneficiaries are up-to-date! In this episode we dive into why reviewing and updating your beneficiaries is one of the most important (and often overlooked) financial to-dos. Full show notes: https://www.bonfirefinancial.com/beneficiaries To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure/...
What do tariffs really mean for you? Are they a smart negotiation tool, a hidden tax, or just another political buzzword? In this episode, we break down how tariffs affect everything from the price of your morning coffee to the stock market. Are they driving inflation or keeping businesses in check? And most importantly—what should investors be watching? Tune in for a clear, no-nonsense look at tariffs and their real impact on your financial future. Full show notes: https://www.bonfirefinancial....
Think Medicare will cover all your healthcare costs in retirement? Think again. From unexpected premiums to skyrocketing long-term care expenses, failing to plan ahead can wreck even the best retirement strategies. In this episode, we uncover the biggest healthcare pitfalls, smart ways to prepare, and how to keep medical expenses from draining your savings. Don’t let healthcare costs take you by surprise—tune in now. Full show notes: https://www.bonfirefinancial.com/healthcare-in-retirement/ To ...
From cutting-edge hardware to innovative platforms and software, discover how AI is shaping industries, creating opportunities, and redefining the future of technology. Learn practical insights to adapt, invest wisely, and embrace this rapidly evolving landscape. Full show notes: https://www.bonfirefinancial.com/investing-in-ai To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure/...
Join host Brian Colvert as he interviews Max Pollack, CPA, to explore how strategic tax planning goes beyond preparation to elevate your wealth. Learn actionable tips for maximizing deductions, managing capital gains, and aligning your tax strategy with your financial goals. Full show notes: https://www.bonfirefinancial.com/strategic-tax-planning/ To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com To learn about Max Pollack and his firm: https://setacpa.com/ Di...
Estate planning might not top your list of fun dinner topics, but let’s face it—neither does “who’s going to water the plants when I’m gone?” The truth is, getting your ducks in a row now means less chaos for your loved ones later. Think of it as future-you doing future-them a solid. Without a plan, Uncle Sam (or worse, Cousin Eddie) might end up with more of your hard-earned wealth than you’d like. And trust us, Cousin Eddie does not need a new jet ski. Estate planning doesn’t have to be overwh...
Let’s kick off 2025 with the financial updates you need to know. From higher contribution limits for 401(k)s, IRAs, and HSAs to new tax rules and expanded catch-up opportunities, we’ll cover what’s changing and how it impacts you. We’ll also share practical strategies to make the most of these updates, prepare for potential tax law shifts, and position yourself for financial success this year. Consider it your guide to starting 2025 on solid financial footing— with clear and actionable insights....
In this episode of The Field Guide, we explore how real estate can play a crucial role in building income during retirement. From REITs to outright ownership, we break down the pros, cons, and key considerations for each type of real estate investment. Whether you're looking for a hands-off approach or eager to dive into managing properties, this episode will help you understand your options and make informed decisions. Full show notes: https://www.bonfirefinancial.com/real-estate-investing/ To ...
Curious about boosting your retirement income while staying invested? In this episode we reveal how dividend-paying stocks can provide steady income, potential growth, and portfolio stability. Discover the pros, the pitfalls, and insider tips to make these stocks work for you. Full show notes: https://www.bonfirefinancial.com/dividend-paying-stocks/ To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://www.bonfirefinancial.com/disclosure/...
In this episode, we dive deep into the world of annuities – exploring the good, the bad, and the ugly. Are annuities a safe haven for your retirement or a costly mistake in disguise? We'll break down the different types of annuities, their pros and cons, and help you understand when (and if) they make sense for you. Full show notes: https://www.bonfirefinancial.com/should-i-buy-an-annuity/ To learn more about Bonfire Financial, please visit: https://www.bonfirefinancial.com Disclosure: https://w...
