The Psychology of Money! (continued)

FPTP Episode 16: Tax Withholding

Are you unknowingly giving Uncle Sam thousands of dollars in interest-free loans each year? If you're like 70% of Americans who celebrate receiving a tax refund, you might be missing a crucial financial opportunity. Tax withholding—that mysterious process where money disappears from your paycheck before it even reaches your bank account—is rarely understood. But mastering this concept could put thousands of dollars back in your pocket throughout the year instead of waiting for a refund. Think of your tax obligation like filling a bathtub: you want it just right. Too much water (overwithholding) means you've loaned the government your money interest-free. Too little (underwithholding) means a painful bill in April. The key to perfect withholding lies in your W-4 form, which most people complete once when starting a job and promptly forget about. Major life events like marriage, having children, or buying a home should trigger a W-4 review. We also tackle common misconceptions about bonuses. Contrary to popular belief, bonuses aren't taxed higher than regular income—they're just subject to different withholding rules. For self-employed folks and contractors, we explore the importance of quarterly payments and dedicated tax savings accounts to avoid April surprises. Ready to stop giving Uncle Sam an interest-free loan? Listen now to learn how updating your tax withholding could be one of the simplest yet most effective financial moves you make this year. Subscribe for more financial insights that transform complicated money concepts into practical, actionable advice. This episode's pizza and score: Pizza Hut - https://www.pizzahut.com/deals?gclsrc=aw.ds&ds_rl=1149043&gad_source=1&gad_campaignid=122485240&gbraid=0AAAAADyJNr0l7T4I2Ob8ukhN5_aPac8wS&gclid=CjwKCAjw1ozEBhAdEiwAn9qbzaXTAPRiAcPY-mRDHHvfxLTs5MJ1xdnD_AlomiWkbro6jroX1Q5fIhoC4zQQAvD_BwE [https://www.pizzahut.com/deals?gclsrc=aw.ds&ds_rl=1149043&gad_source=1&gad_campaignid=122485240&gbraid=0AAAAADyJNr0l7T4I2Ob8ukhN5_aPac8wS&gclid=CjwKCAjw1ozEBhAdEiwAn9qbzaXTAPRiAcPY-mRDHHvfxLTs5MJ1xdnD_AlomiWkbro6jroX1Q5fIhoC4zQQAvD_BwE] Cooper's Score: 6.4 Corinne's Score: 8.8 From Pie's to Prosperity is an educational podcast geared towards helping you navigate life's financial obstacles, one slice at a time. Hosted by Cooper Casillas, this podcast will feature special guests, industry professionals, and topic summaries to help simplify complex financial decisions. To view past FPTP episodes click here: https://www.buzzsprout.com/2100362/episodes [https://www.buzzsprout.com/2100362/episodes] Make sure to hit that subscribe button to keep up with episodes and subscribe to our YouTube channel below to stay up to date with all the things Cooper and his team are working on! Website: https://rayolson.net [https://rayolson.net/] Email: cooper@rayolson.net Phone: 804-379-0316 YouTube: https://www.youtube.com/@rayolsonfamilyfinancialpla2161 [https://www.youtube.com/@rayolsonfamilyfinancialpla2161] This information provided is strictly for educational purposes only and does not constitute financial, investment, tax, or legal advice. Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Ray Olson, LLC is not affiliated with Kestra IS Thank you for listening!

FPTP Episode 15: Evidence-based Investing!

Investing can be confusing, especially when there are so many different options out there. In today's episode we try to demystify and explain what evidence-based investing is in comparison to the other strategies out there. Keep it simple, invest for the long term, tilt the odds into your favor, diversify, and you'll be well on your way to a successful investing journey! Evidence-based investing microsite: https://invest.focuspartners.com/ [https://invest.focuspartners.com/] This episode's pizza and score: Homemade Picken! (chicken pizza) - https://basicswithbails.com/ingredients/chicken/chicken-crust-pizza/ [https://basicswithbails.com/ingredients/chicken/chicken-crust-pizza/] Cooper's Score: 6.3 Corinne's Score: 9.0 for chicken pizza, 2.0 for actual pizza From Pie's to Prosperity is an educational podcast geared towards helping you navigate life's financial obstacles, one slice at a time. Hosted by Cooper Casillas, this podcast will feature special guests, industry professionals, and topic summaries to help simplify complex financial decisions. To view past FPTP episodes click here: https://www.buzzsprout.com/2100362/episodes [https://www.buzzsprout.com/2100362/episodes] Make sure to hit that subscribe button to keep up with episodes and subscribe to our YouTube channel below to stay up to date with all the things Cooper and his team are working on! Website: https://rayolson.net [https://rayolson.net/] Email: cooper@rayolson.net Phone: 804-379-0316 YouTube: https://www.youtube.com/@rayolsonfamilyfinancialpla2161 [https://www.youtube.com/@rayolsonfamilyfinancialpla2161] This information provided is strictly for educational purposes only and does not constitute financial, investment, tax, or legal advice. Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Ray Olson, LLC is not affiliated with Kestra IS Thank you for listening!

FPTP Episode 14: 401(k) Plans!

Make sure to listen to this month's episode and learn the in's and out's of 401(k) plans and why they are the most popular vehicle to successfully grow your wealth! This episode's pizza spot and score: Redemption BBQ in the West End - https://redemptionbbq.com/ [https://redemptionbbq.com/] Cooper's Score: 9.1 Corinne's Score: 9.0 From Pie's to Prosperity is an educational podcast geared towards helping you navigate life's financial obstacles, one slice at a time. Hosted by Cooper Casillas, this podcast will feature special guests, industry professionals, and topic summaries to help simplify complex financial decisions. To view past FPTP episodes click here: https://www.buzzsprout.com/2100362/episodes [https://www.buzzsprout.com/2100362/episodes] Make sure to hit that subscribe button to keep up with episodes and subscribe to our YouTube channel below to stay up to date with all the things Cooper and his team are working on! Website: https://rayolson.net [https://rayolson.net/] Email: cooper@rayolson.net Phone: 804-379-0316 YouTube: https://www.youtube.com/@rayolsonfamilyfinancialpla2161 [https://www.youtube.com/@rayolsonfamilyfinancialpla2161] This information provided is strictly for educational purposes only and does not constitute financial, investment, tax, or legal advice. Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Ray Olson, LLC is not affiliated with Kestra IS Thank you for listening!

We're Getting Married! (Why are Weddings so Expensive?)

Today's episode has little educational content but lot's of fun! We are officially engaged and wanted to share the story for you all to enjoy. We appreciate you and promise to get back into the educational format next month! This episode's Pizza spot and score: Fire & Hops Pizza in the Museum District  - https://fireandhopsrva.com/ [https://fireandhopsrva.com/] Cooper's Score: 7.7 Corinne's Score: 6.8 From Pie's to Prosperity is an educational podcast geared towards helping you navigate life's financial obstacles, one slice at a time. Hosted by Cooper Casillas, this podcast will feature special guests, industry professionals, and topic summaries to help simplify complex financial decisions. To view past FPTP episodes click here: https://www.buzzsprout.com/2100362/episodes [https://www.buzzsprout.com/2100362/episodes] Make sure to hit that subscribe button to keep up with episodes and subscribe to our YouTube channel below to stay up to date with all the things Cooper and his team are working on! Website: https://rayolson.net [https://rayolson.net/] Email: cooper@rayolson.net Phone: 804-379-0316 YouTube: https://www.youtube.com/@rayolsonfamilyfinancialpla2161 [https://www.youtube.com/@rayolsonfamilyfinancialpla2161] This information provided is strictly for educational purposes only and does not constitute financial, investment, tax, or legal advice. Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Ray Olson, LLC is not affiliated with Kestra IS Thank you for listening!

The Psychology of Money! (continued)

You wanted more money psychology talk so you got it! In today's episode Cooper and Corinne dive into the fascinating psychology of money—how emotions, biases, and beliefs shape our financial decisions; learning practical strategies to build a healthier mindset around money and make more confident financial choices. We hope you enjoy this one! This episode's Pizza spot and score: Belmont Pizzeria in the Museum District  - https://belmontpizzeria.com [https://belmontpizzeria.com] Cooper's Score: 6.7 Corinne's Score: 8.0 From Pie's to Prosperity is an educational podcast geared towards helping you navigate life's financial obstacles, one slice at a time. Hosted by Cooper Casillas, this podcast will feature special guests, industry professionals, and topic summaries to help simplify complex financial decisions. To view past FPTP episodes click here: https://www.buzzsprout.com/2100362/episodes [https://www.buzzsprout.com/2100362/episodes] Make sure to hit that subscribe button to keep up with episodes and subscribe to our YouTube channel below to stay up to date with all the things Cooper and his team are working on! Website: https://rayolson.net [https://rayolson.net/] Email: cooper@rayolson.net Phone: 804-379-0316 YouTube: https://www.youtube.com/@rayolsonfamilyfinancialpla2161 [https://www.youtube.com/@rayolsonfamilyfinancialpla2161] This information provided is strictly for educational purposes only and does not constitute financial, investment, tax, or legal advice. Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Ray Olson, LLC is not affiliated with Kestra IS Thank you for listening!