S2 EP7 - How To Turn A Cash Bonus Into Lasting Wealth

Cody Stansell |

We share an eight-step plan to turn a cash bonus into lasting progress, from tax clarity to smart spending, debt payoff, savings, and flexible investing. Along the way we bust withholding myths and show how to align your mortgage with your retirement date.

• checking bonus tax withholding to avoid surprises
• spending 10% to boost satisfaction and reduce regret
• clearing credit cards, personal loans, small auto balances
• building a three to twelve month emergency fund
• confirming retirement savings targets and account choices
• modeling college costs and picking funding levels
• timing mortgage payoff for day-one retirement freedom
• using a brokerage account for flexible investing

To learn more about Stansell Wealth Planning visit:
https://www.StansellWealth.com
Stansell Wealth Planning
5550 Granite Pkwy, STE 270
Plano, TX 75024
469-606-2040