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Tom Sullivan Financial Friday

Tom Sullivan
Roth IRA
Private Credit
Federal Reserve
529 Plan
Custodial Account
Spacex
Municipal Bonds
CD Ladder
Dollar Cost Averaging
S&P 500
Annuities
Index Funds
Minimum Required Distribution
Roth Conversion Calculator
IRMAA (income-Related Monthly Adjustment Amount)
Structured Notes
Secured Notes
Reverse Mortgage
HELOC
Capital Gains Tax

Financial Friday is listener's calls about money and investing. Tom Sullivan began with one of the Big Four accounting firms in the audit and tax departments. He was in the investment business for 30 years rising to managing director of investments for a major Wall Street firm. He was also one of the original anchors that launched Fox Business interviewing business and political leaders for ten ye... more

PublishesWeeklyEpisodes8Founded2 months ago
Number of ListenersCategories
InvestingBusinessEntrepreneurship

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Artwork for Tom Sullivan Financial Friday

Latest Episodes

This week on Financial Friday — a caller owns a small piece of land completely surrounded by commercial development, just like the house in Up, and wants to know how to sell it for what it's actually worth. Another caller is trying to get out of a RE... more

This week on Financial Friday — what taxes you'll owe when you sell your home and how to shield most of the gain. Should you ever cash in your 401k to pay off the mortgage? We break down the real math. What tax deductions can rental property owners a... more

This week on Financial Friday — a nervous investor gets two solid alternatives, a CD ladder for guaranteed returns or dollar cost averaging to ease into the market without the stress of timing it. Reverse mortgages get real skepticism today and I exp... more

Roth rules, paying down primary home vs rentals, investing and education for minors, etc.

Call with your money questions 855-295-6600

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Recent Guests

Greg Gullum
Listener from Portland, Oregon
Guest on Financial Friday
Episode: Financial Friday — You Don't Need to Be Rich to Start Investing. Primary vs Secondary Markets, the Wash Sale Rule, Tax-Free Income Ideas & P

Host

Tom Sullivan
Host of Financial Friday, guiding listener questions on money and investing.

Reviews

5.0 out of 5 stars from 8 ratings
  • Love/Hate relationship

    Hey Tom, just found you on a friend’s recommendation. You are genuinely offering a wide breadth of financial literacy and education that I don’t run into on my other shows.

    However, your show is painful to listen to. Please get a sound engineer to balance your lows and highs. Additionally, there is a ton of distracting chatter and background noise in your content. The callers questions are cutting in and out and all over the place.

    Again, love your content, please upgrade your audio to a prof... more

    Apple Podcasts
    5
    drewfactor
    United States2 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Caller questions can be hard to follow due to interruptions and chatter.
Audio quality and balance could be improved for a more professional listening experience.
Practical, real-world guidance is a strong point for the host.
Broad financial literacy coverage is appreciated by listeners.
The show covers a wide range of personal finance topics that are useful for near-term decisions.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#39
Russia/Business/Investing
Apple Podcasts
#249
Russia/Business

Talking Points

Recent interactions between the hosts and their guests.

Financial Friday — Taxes on Selling Your Home, Cashing In a 401k to Pay Off Your Mortgage, Rental Property Deductions, Investing in Space &
Q: What should listeners keep in mind about the Fed, inflation, and rate policy given the latest jobs data and market moves?
The Fed's path is influenced by inflation and labor market dynamics; a rate cut is unlikely in the near term, with some expectations tilting toward potential rate hikes depending on data. Stay diversified and avoid reacting to short-term volatility.
Financial Friday — Taxes on Selling Your Home, Cashing In a 401k to Pay Off Your Mortgage, Rental Property Deductions, Investing in Space &
Q: Are there good options for saving for a child's education that still offer tax advantages beyond 529 plans?
Custodial Roth accounts are a viable option for younger savers if the child has earned income, and they provide tax-free growth on qualified withdrawals. 529 plans remain a strong, flexible choice for education funding with tax-free withdrawals for qualified expenses.
Financial Friday — Taxes on Selling Your Home, Cashing In a 401k to Pay Off Your Mortgage, Rental Property Deductions, Investing in Space &
Q: What diversification strategies would you suggest for someone worried about tech-heavy indices and a potential downturn?
Diversify beyond the S&P 500 by including bond index funds, international developed markets, and small-cap funds like the Russell 2000 to balance risk and reduce volatility during downturns.
Financial Friday — Taxes on Selling Your Home, Cashing In a 401k to Pay Off Your Mortgage, Rental Property Deductions, Investing in Space &
Q: What is your take on taking money from a 401(k) after age 59.5 to pay off a mortgage, and how should one mitigate the tax implications?
Avoid taking a large lump sum from a 401(k) because it is taxable income and can trigger Medicare IRMA increases and higher Social Security taxes. If you must do it, spread withdrawals over several years to limit tax impact and consider keeping the mortgage if the rate is competitive with expected investment returns.
Financial Friday — Taxes on Selling Your Home, Cashing In a 401k to Pay Off Your Mortgage, Rental Property Deductions, Investing in Space &
Q: If you downsize from a million-dollar home, how does the $500,000 gain exclusion apply to a married couple, and are there recent changes to these rules I should know about?
Up to $500,000 of gain can be excluded for a married couple if the home is used as a primary residence for at least two of the last five years. The rules changed years ago to de-emphasize reinvestment in a new home, so the exclusion applies independent of buy-back strategies. If the gain exceeds that threshold, it's taxed as capital gains at long-term rates depending on income.

Audience Metrics

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Frequently Asked Questions About Tom Sullivan Financial Friday

What is Tom Sullivan Financial Friday about and what kind of topics does it cover?

A practical, listener-driven finance show focused on everyday money decisions—from investing basics like CDs, dollar-cost averaging, and index funds to retirement planning, tax-advantaged accounts, and debt strategies. Episodes frequently feature caller questions that drive real-world guidance on topics such as Roth IRAs, private credit, 529 plans, and education funding, with occasional guest insights and current market context. The host emphasizes long-term investing, due diligence on products like structured and secured notes, and cautious approaches to complex issues like reverse mortgages and annuities. Notable strengths include a wealth of actionable steps for near-term financial decisions and a preference for clear, experience-backed ... more

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Which podcasts are similar to Tom Sullivan Financial Friday?

These podcasts share a similar audience with Tom Sullivan Financial Friday:

1. The Tom Sullivan Show
2. Money Matters by Allworth Financial
3. The Trey Gowdy Podcast
4. The Way I Heard It with Mike Rowe
5. Armstrong & Getty On Demand

How many episodes of Tom Sullivan Financial Friday are there?

Tom Sullivan Financial Friday launched 2 months ago and published 8 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Tom Sullivan Financial Friday?

Recent guests on Tom Sullivan Financial Friday include:

1. Greg Gullum

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