David Baker - Phoenix Private Wealth

David Baker - Phoenix Private Wealth Currently a CERTIFIED FINANCIAL PLANNER™ professional and Senior Partner of Phoenix Private Wealth, I Equal Opportunity Employer M/F/D/V.

Phoenix Private Wealth is not owned or operated by Equitable Advisors or Equitable Network

NOTE - All InMail, e-mail and other electronic individual and group communications sent to and received from this SOCIAL MEDIA page are subject to capture, review and archive by Equitable Advisors, LLC and to possible production upon regulator request for review. Duly registered and licensed representatives

offer securities through Equitable Advisors, LLC (NY, NY (212) 314- 4600), member FINRA, SIPC (Equitable Financial Advisors in MI & TN), offer investment advisory products and services through Equitable Advisors, LLC, an SEC-registered investment advisor, and offer annuities and insurance through Equitable Network, LLC, (Equitable Network Insurance Agency of California, LLC; Equitable Network Insurance Agency of Utah, LLC; Equitable Network of Puerto Rico, LLC). All companies are affiliated and do not provide tax or legal advice. For financial professionals conducting business in the state of New York who hold one or more of the following designations and title respectively, please see Important Information Disclosures in the link below: CASL, RICP, and CRPC professional designations, and RETIREMENT PLANNING SPECIALIST title. Important Information Disclosures: http://bit.ly/2f98X9d

Retirement is a new job. Are you ready for the vacancy? 🤝We spend decades preparing our money for retirement, but rarely...
06/24/2026

Retirement is a new job. Are you ready for the vacancy? 🤝

We spend decades preparing our money for retirement, but rarely prepare our minds.
Transitioning into retirement isn't just a financial event; it's an identity shift. You are moving from "accumulation" (saving, working, building) to "distribution" (spending, enjoying, giving).

The happiest retirees I know didn’t just retire from a career; they retired to something else. Whether it's travel, mentorship, consulting, or family, your money is simply the fuel for that new purpose.

My job is to handle the math so you can focus on the meaning. What are you retiring to?

06/22/2026

🚨 Not all financial advisors are created equal.

And if you’ve spent years building wealth…that should concern you.

In our next episode of Overtime Earnings, available this Friday, we break down the key characteristics you should be looking for in an advisor.

🏆 Real planning vs. product-focused recommendations
📊 Strategy vs. standardized model portfolios
🧠 Credentials vs. real expertise
📈 Long-term thinking vs. short-term narratives

Here’s the truth:

If your plan feels generic, it may be worth asking about a more personalized approach. We can help with that!

🎙️ Listen to Part 1, and all of our other episodes, using the links below.⬇️

Apple Podcast 🔗 - https://podcasts.apple.com/us/podcast/overtime-earnings/id1874054220

Spotify 🔗- https://open.spotify.com/show/4Bu8IcKnBqRz1x6wpYjRwb?si=1y8Nt3HJTiWEbJ056kh3Pw

Don't Miss the Magic While You're Waiting for the Miracle. ✨I was sitting outside this weekend, just listening to the ne...
06/21/2026

Don't Miss the Magic While You're Waiting for the Miracle. ✨

I was sitting outside this weekend, just listening to the neighborhood sounds—kids laughing a few yards over, birds chirping, the wind in the trees. It’s getting warmer, the days are getting longer, and the world feels a little more alive.

We spend so much time planning for the future (it's human nature), but I caught myself thinking: "These are the good old days." We are living in them right now.

Whatever season of life you are in, take a beat this week to just look around and soak it in. The big milestones are great, but the quiet, random Tuesday evenings are where the real life happens.

06/19/2026

Business owners: what happens if you don’t show up tomorrow?

Not something we like to think about, but it’s critical.

In today's episode of Overtime Earnings, estate planning attorney Kristen Lohmeyer shared real-world scenarios that happen more often than you’d expect:

😢 Business partners unexpectedly passing away
🤔 Spouses inheriting businesses they don’t understand
😬 No agreements in place which can lead to disputes, lawsuits, and chaos

Here’s what smart planning looks like:

✅ Buy-sell agreements funded properly
✅ Clear succession strategy
✅ Defined valuation methods
✅ Separation of personal & business assets

If you own a business, this episode is a must-listen.

🎧 Check it out⬇️

Apple Podcast 🔗 - https://podcasts.apple.com/us/podcast/overtime-earnings/id1874054220

Spotify 🔗- https://open.spotify.com/show/4Bu8IcKnBqRz1x6wpYjRwb?si=1y8Nt3HJTiWEbJ056kh3Pw

It’s Halftime. What’s the Score? ⏱️We just hit June, which means 2026 is officially halfway over. This is the perfect ti...
06/19/2026

It’s Halftime. What’s the Score? ⏱️

We just hit June, which means 2026 is officially halfway over. This is the perfect time for a "Mid-Year Review."

If you plan to retire in the next few years, use this month to check your progress on three things:

1️⃣ Catch-up Contributions: Are you on track to max out your 401(k) or IRA by December?
2️⃣ Expense Audit: Have your living expenses crept up due to inflation this year?
3️⃣ Cash Reserves: Do you have enough liquidity if you decided to hang up the cleats tomorrow?

Don't wait until December to find out you're off track. Let's review the game plan now while there is still time on the clock.

06/15/2026

🚨 Estate planning isn’t just for the wealthy… it’s for everyone 18+

We recently sat down with Estate Attorney Kristen Lohmeyer on the Overtime Earnings Podcast and one message stood out loud and clear:

👉 Estate planning is protection while you're living, not just after you're gone.

Here are a few eye-opening takeaways:

✅ Your will DOES NOT control everything
✅ Beneficiary designations can override your plan
✅ Without documents, your family may need court approval for basic decisions
✅ Even 18-year-olds should have key protections in place

This important topic will be available this Friday, June 19th! We continue to thank you for listening and being part of this journey!

🎧 Listen to all episodes ⬇️

Apple Podcast 🔗 - https://podcasts.apple.com/us/podcast/overtime-earnings/id1874054220

Spotify 🔗- https://open.spotify.com/show/4Bu8IcKnBqRz1x6wpYjRwb?si=1y8Nt3HJTiWEbJ056kh3Pw

Replacing Your Paycheck (Without the Stress). 💸The hardest mental hurdle in retirement is losing the steady bi-weekly pa...
06/15/2026

Replacing Your Paycheck (Without the Stress). 💸

The hardest mental hurdle in retirement is losing the steady bi-weekly paycheck. Suddenly, you are your own payroll department.

One strategy I often discuss with clients is "Bucketing."
🔹 Bucket 1 (Now): Cash and short-term equivalents for immediate expenses (1–2 years).
🔹 Bucket 2 (Soon): Conservative fixed income for years 3–10.
🔹 Bucket 3 (Later): Equities for long-term growth (10+ years out) to fight inflation.

By segmenting your money, you don’t have to worry about what the S&P 500 does today, because your "Today Money" isn't in the stock market.

Does your current portfolio look like a strategy, or just a collection of mutual funds?

Why the "When" Matters Just as Much as the "How Much." 📉📈In the financial world, we talk a lot about "Sequence of Return...
06/10/2026

Why the "When" Matters Just as Much as the "How Much." 📉📈

In the financial world, we talk a lot about "Sequence of Returns Risk." It sounds technical, but the concept is simple: A market downturn right when you retire hurts your portfolio far more than a downturn later in life.

If you are forced to sell investments to pay for living expenses while the market is down, you are locking in those losses permanently. You deplete your nest egg faster than it can recover.

This is why "transitioning investments" is critical. We need to build a buffer—a defensive moat around your income needs— so if the market drops in your first year of retirement, your lifestyle doesn’t have to drop with it.

Are your investments allocated to weather a storm in year one?

06/08/2026

Financial planning for families with special needs requires a different playbook.

A well-intended gift, inheritance, or beneficiary designation can unintentionally create issues when a loved one relies on means-tested benefits like SSI or Medicaid.

We have a new episode of Overtime Earnings this week and we discuss:

✅ ABLE accounts
✅ Special needs trusts
✅ Beneficiary designations
✅ Letters of intent

This topic is personal for myself and my co-host Ken Handy as our own families have been impacted by special needs planning.

The goal is simple: protect your loved one’s benefits, dignity, quality of life, and future.
Listen to the episode beginning this Friday, June 12th. ⬇️

Apple Podcast 🔗 - https://podcasts.apple.com/us/podcast/overtime-earnings/id1874054220

Spotify 🔗- https://open.spotify.com/show/4Bu8IcKnBqRz1x6wpYjRwb?si=1y8Nt3HJTiWEbJ056kh3Pw

06/05/2026

🎙️The newest episode of Overtime Earnings is now available!

Will Social Security change in the future? No one knows exactly what Congress may do, but retirees and pre-retirees can still plan for uncertainty.

In the episode, we discuss potential Social Security reductions, survivor income planning, and why flexibility is critical in retirement.

A strong retirement income plan should have many considerations including:
🛡️ Survivor income needs
🧾 Tax filing changes
🏛️ Estate planning coordination

You cannot control future policy, but you can build a plan designed to adapt. Reach out when you need to chat!

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