Tag Archives: Cost

Avoiding Lifestyle Drift (Ep. 9)

February 28, 2022Financial Planning, Money Advisor, Retirement, Risk Management, WealthBudgeting, Control, Cost, Financial Planning, Michael Labos, Retirement Planning, Spending, Subscriptions, The Gen X Money Advisor, WasteThe-Gen-X

Many people want to put off budgeting, complaining about how boring or depressing it is.

What many don’t consider are the gains granted from understanding your spending habits.

In this episode, Michael Labos discusses the importance of creating a budget, understanding your financial goals and avoiding lifestyle drift. He reveals the wasted financial opportunities through unnecessary spending and unused subscriptions, diving into control and monetary gains from creating a budget.

Michael discusses:

The importance of understanding what you will be spending in retirement
The different types of budgets
How taking control of the budget saves money
Why budgeting is important for financial and retirement planning
And more!

Resources:

YouTube: The Gen X Money Advisor Podcast

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4. The Season Of Open Enrollment — Part 2

December 13, 2021Financial Planning, Money Advisor, Retirement, Risk Management, Wealth401k, Benefits, Cost, Financial Planning, Health Coverage, Health Insurance, Michael Labos, Miniseries, Open Enrollment Season, Retirement Planning, Self Employed, The Gen X Money AdvisorThe-Gen-X

Open enrollment can provide great options at a low cost for employees at large companies.

But, how can smaller companies and those who are self-employed also gain a deduction?

In the second part of this open enrollment miniseries, Michael Labos explains the importance of taking the time to focus on all things open enrollment, 401k planning, and health insurance. Michael also reveals how he pays for health insurance as a self-employed business owner and the importance of everyone looking into options with their employers.

Michael discusses:

The different types of 401k and retirement plans employees can have access to
How family leave differentiates between large and small companies
The benefits of working from home
How self-employed businesses deduct from their health insurance
And more!

Resources:

3. The Season Of Open Enrollment — Part 1

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3. The Season Of Open Enrollment — Part 1

November 29, 2021Financial Planning, Money Advisor, Retirement, Risk Management, Uncategorized, WealthCost, Financial Planning, Health Care, Health Coverage, Health Insurance, Michael Labos, Open Enrollment Season, The Gen X Money AdvisorThe-Gen-X

Holiday season, sports season — everyone loves the different seasons of the year. But open enrollment season doesn’t get the same kind of love.

In this episode, Michael Labos explains open enrollment for employee benefits. He shares the importance of taking the time to review your options and how to optimize these benefits for your personal care. Michael reveals how term insurance turns premiums into death benefits and why you need to update them as life evolves.