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Episode 182. The things that was push on us since we where kids are all wrong. We where told to live curtain lifestyle. What to eat, where to work and who to love. Everything was a damn lie. But the good thing is, it's not too late to make it right. Subscribe To LRPodTV On Patreon https://www.patreon.com/lrpod
How can you course-correct after taking out a 401(k) loan for a down payment? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.
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This podcast features Jamie Raskulinecz Jamie is the founder and CEO of Next Generation Trust Company, and discusses the self-directed retirement plan industry and the founding of her company. She also explains how Next Generation Trust Company helps investors invest in non-publicly traded alternatives using their retirement plans. -------------------------------------------------------------- Starting a Self-Directed Retirement Plan [00:00:00] The Difference Between Servicing and Trust Companies [00:02:29] Importance of Customer Experience [00:06:45] The Importance of Self-Directed Retirement Plans [00:08:00] Marketing to Self-Directed Account Holders [00:09:33] Prohibited Transactions in Self-Directed IRAs [00:12:42] Prohibited transactions [00:16:28] Types of accounts: Solo 401k vs IRA [00:17:37] Deploying small balance IRAs [00:23:03] Investing in Personal Loans [00:23:59] Investing in Startups [00:25:19] Contacting Next Generation Trust Company [00:25:48] -------------------------------------------------------------- Connect with Jamie: Facebook: https://www.facebook.com/NextGenerationTrust/ LinkedIn:https://www.linkedin.com/company/next-generation-trust-company/mycompany/?viewAsMember=true Web: https://nextgenerationtrust.com Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Jaime Raskulinecz (00:00:00) - . So when you're looking for investors, one of the objections you might get is, you know, all of my money is tied up in the stock market and things are really bad right now, and I can't really liquidate anything because, you know, everything has lost a lot of money, so I gotta stay there and make up for it. So the answer to that objection that I like to tell sponsors to give is, that's really great, and I, I absolutely understand that, but did you know that you're able to use your retirement plan, which, whatever kind you have to make these same investments into non-publicly traded alternatives? Intro (00:00:37) - Welcome to the How to Scale commercial real Estate Show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Sam Wilson (00:00:50) - Jamie Rascal Linens is the founder and CEO o of Next Generation Trust Company. They are custodians for sale directed retirement plans, specializing in the custody and administration of non-publicly traded alternative assets. Jamie, I got all that out in one sentence without messing it up. Thank you so much for coming on the show today. Jaime Raskulinecz (00:01:07) - Thank you so much for having me. That was a mouthful, wasn't it? Betwe, between my name, pronunciation, and the, and the intro. Wow. , Sam Wilson (00:01:15) - It's a lot of big words all crammed into one. Thank you very much. I appreciate that. I've got three questions that I ask every guest who comes on the show in 90 seconds or less. Can you tell me where did you start? Where are you now, and how did you get there? Jaime Raskulinecz (00:01:28) - Interesting. Um, yes, I can tell you. So, uh, my, my prior business to this was a property management company and I was looking for an additional revenue stream, and I happened to meet someone in this business who, uh, introduced me to it. I thought it was one of the greatest things I had ever heard, because I was also interested in putting real estate in my retirement plan. And so, kind of the rest is history. We started, uh, the servicing company in 2004, the Trust company, um, about seven years ago. And here we are today with, uh, almost 700 million in assets under custody, and, um, you know, still going strong working with real estate investors, fund managers. Sam Wilson (00:02:16) - That's awesome. That's awesome. You, it, it's keeping you busy. You mentioned a couple of things there. Uh, you, you said, you mentioned you that you had started a servicing company in 2004 and then seven years ago started the trust company. I don't even know what the difference is Jaime Raskulinecz (00:02:29) - . So, um, back in 2004, next Generation Services was formed. We have two companies, next Generation Services and Next Generation Trust company. And so the services company all by itself, always needed to have a licensed, uh, or chartered financial institution to act as custodian for all the assets. Okay. And without me having that partnership, next Generation Services would be unable to do business. Hmm. So you can only imagine that that was the nightmare that kept me up every night. And I was looking for ways to have both sides of that equation so that we had control of both sides. And so about seven years ago, we formed, the Trust company was chartered in South Dakota, and so the trust company is the custodian for all the assets, and the servicing company is in North Jersey and still does all of the sales, uh, transaction report and other types of reporting. And, uh, the trust company is really the chartered custodian for all of the assets. Sam Wilson (00:03:38) - So yeah, I mean, that, that's is are all self-directed custodian set up in a similar, uh, kind of arrangement there? Jaime Raskulinecz (00:03:45) - A lot of them are okay, but, uh, a lot of them are, but some of them use the trust company completely for both sides of that business. And so for me, because the servicing company came first, and because we're located in two different states and the regulations vary, it made more sense to keep them both separate for, um, you know, uh, trust company regulation purposes and other business considerations. Sam Wilson (00:04:17) - It sounds, I mean, it sounds like this is, uh, is just not obstacles, but just kind of overcoming the legal hurdles required to do business the way you guys wanna do business. Jaime Raskulinecz (00:04:28) - Yeah, there's, there's a lot of, as you can imagine, there's a lot of regulation, uh, governing these types of businesses and plans, right? So we have to worry about the division of banking in South Dakota because we have an office in New Jersey. We also have to register with the banking commission in New Jersey. We've got i r s and Department of Labor Regulation. So it's really, uh, it's really a lot of fun. Sam Wilson (00:04:55) - Yeah, I guess so. I guess, so how did, what, what gave you the confidence to enter this space? Knowing all of the regulatory hurdles? And I know some of those may be, maybe they have, maybe they haven't lessened here in the last 10 years, but, um, how did, how did you have the confidence to move forward in that? I mean, that's, that's a lot to swallow all at once, even just thinking about it. Jaime Raskulinecz (00:05:16) - Well, um, one of the biggest reasons is I think that, um, ignorance is bliss in the beginning. So you really, uh, you know, I didn't have any idea about a lot of what was gonna happen with this, especially the trust company didn't come until many years later. Yeah. So, and, and that's sort of been the story of my life, right? One of my other businesses is property management and we specialize in affordable housing and talk about regulations, right? Right. And so there's that, and my, uh, my prior life, my career was healthcare. So I've been in a heavily regulated environment, uh, pretty much since birth. Sam Wilson (00:06:01) - Wow. Yeah, I guess, I guess, uh, if you're used to it, you know, and in its own right, you know, those regulations, uh, prevent competition, which I'm not gonna say is a good thing, but, um, they certainly, once you understand it, it's like, well, it's confusing and it's hard and lots of paperwork. So, you know, in its own right. Once you, once you kind of have the inside know-how it's probably, uh, it's probably okay, just getting through that initial hurdle I think would be, would be a little bit challenging. What do you feel like when you formed this company, and you guys have been, I guess now around it's 2023, so that's 19 years, like, what do you feel like you do differently or that was missing in the space? Because I think you saw opportunity there. What was that opportunity? Jaime Raskulinecz (00:06:45) - Well, for me, regardless of whatever business I was in, what was always top of mind for me was the customer or the client experience. Hmm. And whether that was way back when in healthcare or in property management with tenants, or I've owned rental real estate myself. Yeah. You, you want to provide the best experience to people that you can. And in my industry, as you know, there are small boutique firms like mine, and then there are those giant companies that have been around since the seventies. And really our goal was not to become a giant company, like the ones that have been around since the seventies. I liked being a boutique firm because we can pivot easily and we can make accommodations for our referral sources and for our clients easily. And it was also easy for me to instill that, um, you know, that feeling with all of our staff members. We've done Ritz Carlton training. So, um, you know, that's kind of the level of service that I want us to be known for, and we are actually known for our customer experience in the industry. Sam Wilson (00:08:00) - No, I think that's great. That's absolutely great. And yeah, I mean, as a, as a deal sponsor, I have, uh, interacted with all of the different, you know, uh, I guess variations of the types of firms out there. And certainly the smaller the firms and the more personalized that experience is, the easier it is for us as sponsors to bring our investors on that have self-directed accounts. And the larger the companies get, the, uh, the more cumbersome and less responsive it tends to be. So I certainly, sure. Jaime Raskulinecz (00:08:30) - And, and what's our job? It's to make life easier for our client when they wanna make investments. Right. And on the other side, you know, of course, you know, we're not allowed to partner or directly refer, but we wanna make it a seamless process for all the parties concerned in the transaction, otherwise why would they come to me? Right, Sam Wilson (00:08:49) - Right. Absolutely. Absolutely. I understand there's statistics that are out there and, and I'm not gonna butcher whichever ones they are. Uh, but in short, and I'm guilty of this too, so tell me what the opportunity is and maybe, maybe we could even talk about how deal sponsors can be effectively marketing to the self-directed account holder crowd. Because what I understand is that there's a lot, a lot, a lot of money in self-directed accounts, and again, myself included, especially small balance accounts that is doing absolutely nothing other than sitting in a trust account. How, how, how do we get in front of self-directed account holders and let them know what opportunities we have? Jaime Raskulinecz (00:09:33) - That is such a great question. So let me, let me start at the beginning. There's almost 12 trillion in IRAs in the United States right now. Uh, it's really boomed because of much more contributions and a lot more gain in the investment. Yeah. Uh, in the last year that may not be so the canon investment, but about 12 trillion. And so we get this question a lot from fund managers and other people who are looking to raise those funds. And you know, my answer to them is because I know some of the objections that you get. So when you're looking for investors, one of the objections you might get is, you know, all of my money is tied up in the stock market and things are really bad right now, and I can't really liquidate anything because, you know, everything has lost a lot of money, so I gotta stay there and make up for it. Jaime Raskulinecz (00:10:29) - So the answer to that objection that I like to tell sponsors to give is, that's really great, and I, I absolutely understand that, but did you know that you're able to use your retirement plan, which whatever kind you have to make these same investments into non-publicly traded alternatives? And one of the best things to ask, especially now with, um, the layoffs that there have been in the last couple years, is they're an old employer 401K somewhere that you can roll over. Uh, I am not allowed to give people advice, but personally I like to tell people that I can think of only one real specific reason to ever keep your old employer 401K active. And that's if you have stock in that company, you may wanna keep it in that old 401k, but anything other than that, you wanna really roll it over so that you have more control over the investments that you can make and the fees that are involved because 401ks have higher fees, uh, with employers. So that's one strategy to even start talking about, do you have old employer 401ks? What, what are your IRAs doing? Uh, you can also self-direct education savings accounts and HSAs, and a lot of people take advantage of those contributions and use those to self-direct as well. Sam Wilson (00:11:57) - I think that's, that, that's really cool. Um, and, and most people don't, most people don't know even about self-directed IRAs. Even inside of my own family, I've had to educate a lot of my own siblings like, Hey, you know, you can move this into an accountant and tell, tell 'em what to do with it. Like that, that's, that's, and, and, and so if they don't know about that in the self-directed IRA space, then you start getting, you know, further down the rabbit hole into self-directed HSAs and things like that. And that's, that's mind blowing I think for a lot of people. Let's talk a little bit about maybe the transaction types, prohibited transactions, things like that, that go into self-directed IRAs. I know there's all kinds of confusion on this, and so I'm hoping maybe you can kind of just boil this down so a simpleton like me can understand Jaime Raskulinecz (00:12:42) - Well, it took a simpleton like me to figure it out and figure it out quickly too when I first started the business. Right. Okay. So the easiest thing to remember is not what type of investments am I allowed to do within a self-directed ira because they're, you know, it's a huge number. What is best to remember is what am I not allowed to do? And the only things that are not allowed investment in self-directed IRAs are life insurance policies and collectibles. And so, uh, that means that if somebody says to you, gee, I wanna invest in a racehorse, can I do that? You absolutely can. So, and we've had people do that. Um, you know, I wanna invest in oil and gas interest or lease rights for mineral rights. Can I do that? Absolutely, you can. Uh, another interesting one was several years ago they purchased licenses to, uh, purchase feet at national sports stadium games. I never even knew that was a thing. Sam Wilson (00:13:50) - Oh. So, Jaime Raskulinecz (00:13:52) - Um, so the possibilities really are endless. You may invest in, you know, anything except for those two things. Um, I have people, you know, real estate investors are mostly creative thinkers, right? So real estate investors are, uh, a real fun and interesting group for me to work with because I'm always getting calls with creative ideas to try to do something that's not allowed. So, , how about if I structure it this way? Yeah, no, it's still not good. You can't, you know, you can't get around the rules, right? But, you know, we, we have great discussions with people, but the structure, as you say is important. If you have family members or if you have business partners that you are associated with, you're unable to really do transactions between you and them. So a great example, you and your wife own property personally, and you wanna get it into your ira. Jaime Raskulinecz (00:14:54) - You can't sell it into either one of your IRAs because it's self-dealing. You can't purchase or sell anything that you already owned personally. If you and your wife had separate IRAs and you wanted to invest in a property together, uh, this requires some thought about this. You may invest in a property together and you may partner together, but the percentages that you start out investing must remain the same throughout the entire investment. So if you purchase a property, 50, 50, 50% of the investment money must come from each ira and all of the income must come back to the IRAs in those same percentages. So 50% of the rent, 50% of expenses from either ira, and those percentages can never change because then that's actually doing transactions with disqualified people. That's why the percentages must stay the same, but there is a lot of flexibility to partner with others, even though they may ordinarily be disqualified from doing a transaction between you. Sam Wilson (00:16:05) - Right. The way I've, I, the way I've understood disqualified, uh, uh, people, it would be more of a, a linearal, no linearal, gosh, can't even speak today, but just direct descendants. Like, my mom can invest with me in a deal that I am a general partner on, but my siblings can. Is that right? Correct. Jaime Raskulinecz (00:16:28) - Yeah. But you have to be careful. If your siblings invest, then you have to be sure that it's a market rate transaction and that your siblings IRAs are not getting special treatment because of the relation, right. Or your fund, or your deal isn't getting special consideration. Like if they're giving you a loan, maybe they're giving you half of the normal interest rate that's market that's wouldn't be allowable. So you also have to keep some good records to prove that everything was market rate. Sam Wilson (00:17:02) - Right. Right. Yeah. Which, I mean, market rate four years ago might, might have been three to 5% market rate today might be 10 or 15. So , right, Jaime Raskulinecz (00:17:12) - You're Sam Wilson (00:17:13) - Gonna, you're gonna need the, uh, need that good record keeping there. Okay. Awesome. So we've talked a little bit about prohibited transactions. We've talked about how to market to, uh, self-directed account holders. What, and we've talked a little bit about the types of accounts. I think we mentioned self-directed IRAs, we mentioned, uh, self-directed HSAs and self-directed. What was the other one you threw in there that was a Jaime Raskulinecz (00:17:36) - Little bit? Education savings, account Sam Wilson (00:17:37) - Education savings account. One that I don't hear a lot of press coverage on, because I think everybody, I think IRAs for whatever reason tend to be more, just more people know about 'em. But solo 401ks, what is to walk us through that benefits, maybe if you're considering opening accounts, why one versus the other? I don't even, not even sure. I understand why one is better than the other. So maybe you can kind of talk to us about those. Jaime Raskulinecz (00:18:04) - Well, on a solo k there, there can be no common law employees of the company if you have a solo K but you can have partners or spouses that can, uh, be included in the plan. And so why some people see benefits to using a solo K first thing is the contribution limits to a solo K are much higher than you could put into an ira. So for 2023, and I have some cheat notes for myself cause uh, my memory is bad, but for 2023 and a solo, okay, you can, um, you can contribute up to 25% of your compensation to a maximum of about, uh, 22,500. And if you're 50 and above this year, there's a $7,500 catch up contribution. So the contribution limits are a lot higher. If you mortgage a property in a solo k, it's a little bit, it's, it's a little bit easier to mortgage a property in a solo k um, there are some benefits to that, but the disadvantages to a solo K or that most people don't really understand them, uh, there are companies that specialize in self-directed solo Ks, and that might be all they do is qualified plans for non-publicly traded alternatives. Jaime Raskulinecz (00:19:38) - We offer solo Ks as well, but we require folk to have a third party administrator to advise them on the setup of the plan, the ongoing reporting and maintenance of the plan, because that's, that's a whole separate field, uh, qualified plan administration, and that's really not our thing. So en to, to enable somebody to do it, they really have to have someone to advise them. Sam Wilson (00:20:03) - Right. Yeah. It sound, it sounds like there's, there's, uh, maybe some flexibility benefits that come with it, but then also some reporting and, um, just some rules to that game maybe that are sounds really nuanced. Jaime Raskulinecz (00:20:19) - Yeah, and a little more of an expense too, right? Because you actually need to have somebody advise you on that. So, uh, it it's a little more expensive to do if you think you're gonna make all of those. Uh, if you're gonna maximize the contributions and perhaps you have an old employer 401K that you wanna roll into this plan, so you have a lot of funds, then it kind of makes sense, right? You've got a lot of money in there and you wanna be able to put it to maximum use for your investments, and then it pays to pay all of those professionals to advise you, right? If, if you, if you have $10,000 in that plan, um, you know, why would you wanna spend money on the advisors, you know, makes more sense to use an IRA simpler, Sam Wilson (00:21:01) - Right? Yeah, absolutely. Are there things that we should be doing on the IRA side of things to, I mean, are there, are there advantages or, or, uh, is there any capability of putting in more than maybe what the contribution limits that are published? Are there, are there kind of some catch up provisions or anything like that that we should be thinking about? Jaime Raskulinecz (00:21:21) - Yeah, there are, uh, catch up contributions for, uh, traditional and Ross, although not as generous as, uh, the 401k. So it's only a thousand dollars catch up contribution for both of those, and the contribution limits are 6,500 for this year. But you know, what people don't realize is with those old employer 401ks, um, you know, as I keep saying, there's not too many reasons to keep all your money over there. You can roll those into an IRA and have a nice balance to enable you to do some creative investing. Sam Wilson (00:21:58) - Yeah, no, that's cool that I didn't realize that, that you could roll old 401K funds into an ira. What, what do you advise? This is a personal question because I see, I see both in my investor pool and me personally inside of my self-directed ira, you get distributions. Maybe they're monthly, maybe they're quarterly, but you know, so let's say we put 50 grand in a deal and you know, it's throwing off 8% a year, whatever that comes out to be, what is that? 4,000 bucks a year? Yeah, it's really hard, especially when that 4,000 bucks dribble dribbles in $1,000 at a time throughout the year to do anything meaningful with that. What do, what do you see some people doing to kind of overcome that hurdle of small accounts, especially investments that produce cash flow, but then, I mean, it's gonna take 12 years to have another $48,000 to invest into anything at 4,000 bucks a year. If that's all that account had was 50 grand, then I'm not saying that's what it is, but if that were the case, so what are people doing right now to kind of deploy small balance IRAs in a meaningful way? Jaime Raskulinecz (00:23:03) - Uh, good question. And so don't forget, even though you have a small balance, um, IRA, you probably can make contributions every year to boost up that balance, right? So you have to watch your income limits and, and what other contributions you're making. Yeah. But you can add to it that way. But a favorite method, uh, or a favorite investment in our office of small balance accounts, especially with some young people who might just be starting out, they may look at their balance and say, especially in this interest rate environment, I have a friend who has credit card bills or whatever, and they're paying, what is it now, 30%? I'm afraid to look at my statement. So I don't even know what credit card interest is these days, but it's, it's, you know, really high. Sure. So, um, they're paying this off and maybe it's 30% interest. Jaime Raskulinecz (00:23:59) - I can get maybe four and a half percent in a treasury fund right now because interest rates are going up so much. But if I offer that person a personal loan, and it could be collateralized by something, it doesn't have to be an unsecured note, but I'm gonna lend this person $5,000 to pay off some credit card debt, and instead of them paying 30% and me getting four and a half, maybe I'll get 10, right? Or 12 if it's not collateralized by anything, maybe even 15, because there's no collateral, right? You have to look at what your user, uh, laws are in each state, but I'm going to get a much higher interest rate, you're gonna get a much lower interest rate, and I still have recourse against you if you don't pay me, uh, or if you don't pay my ira. So that's a good way to do it. There are some other companies that take smaller investments into some startups, so I don't, there's so many out there crowdfunding sites and startups, but you can use your IRA or other money to do smaller investments in some of these platforms that do investments in startup companies, and they're small minimums, right? So those are two of the most popular ones that I see. Sam Wilson (00:25:19) - Yeah, I would, I would, I would think a reggae fund of some sort where you could, especially if you can, you know, continuously invest those distributions that are coming to your account, would be a good way to, a good way to deploy that as well. I hadn't, hadn't, uh, considered that, uh, on that front. So, no, those are, those are great. Two very great suggestions there. Jamie. I know we're over time. I certainly appreciate you coming on the show today. This was a blast. Learned a ton from you. If our listeners want to get in touch with you or your company, what is the best way to do that? Jaime Raskulinecz (00:25:48) - Well, we, our website is next generation trust.com. That's probably the best way. There are several ways to reach us there. We have, uh, a chat spot on that website. We have a form on the website to contact us. There's a ton of educational resources there. We have, uh, pre-recorded webinars and other videos. We have white papers that they can download to see the different investment types. And there's also, uh, a listing of our staff and ways to contact them if you want to talk to a live person. Fantastic. We have a live, live person answering the phone during business hours, so you, you will always get a person at my office. Sam Wilson (00:26:30) - Awesome. Awesome. Thank you Jamie, so much for that. I do appreciate it. Thanks so much for coming on the show. Have a great rest Jaime Raskulinecz (00:26:35) - Of your day. Thanks so much for having me. Sam Wilson (00:26:37) - Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can, do me a favor and subscribe and leave us a review on Apple Podcast, Spotify, Google Podcast, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank hire on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.
I'm thinking of transitioning to a new job with more manageable hours, but such a move will likely come with a pay cut. Can we afford to do it?Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode, Malcolm Ethridge shares the reasons why he believes it's (almost) always a good idea to take your 401(k) with you whenever you change jobs or retire. He also shares some of the potential pitfalls to be aware of, as well as some helpful insights about a little known option available to those who own substantial shares of their company's stock inside the plan. Resources:Changing Jobs? You May Want to Take Your 401(k) With You Own Company Stock Inside Your 401(k)? Here's Something to Be Aware OfHow to Avoid an IRA Rollover MistakeMalcolm Ethridge Discusses:Why he believes you should always take your 401(k) with you when you change jobs (with one exception)The difference between a direct vs an indirect rolloverSomething to consider if you own company stock inside your 401(k)What can happen to the after-tax money you've contributed to your plan if you're not careful.Connect with Malcolm:The Tech Money Podcast LinkedIn: Malcolm EthridgeConnect with Malcolm @MalcolmOnMoney
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This week's retirement reading is part 2 of our discussion on the post from FAmag.com titled, Similarities Between Roth IRAs And Non-Dividend Paying Stocks. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting RetireWithPurpose.com/363. Show Notes: RetireWithPurpose.com/363 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading
When it comes to paying for some home improvements, I'm trying to decide whether to use a HELOC or sell the investments in my brokerage account. What do you think?Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ditch the Suits - Financial, Investment, & Retirement Planning
In this episode, "The Secret to Winning in the Stock Market" podcast, we uncover the truth about owning stocks and how it can lead to significant financial gains.Are you tired of relying on financial advisors, money managers, or investment managers to pick stocks for you? Do you want to take control of your investments and potentially earn more significant returns? If so, then this episode is for you.We will guide you through the process of owning individual stocks and why it is one of the best ways to invest your money. We will show you how owning stocks of good companies can lead to long-term wealth and financial independence.We will also debunk the myth that hiring a financial advisor with impressive credentials guarantees success in the stock market. Instead, we will show you how you can become a savvy investor by learning to pick stocks yourself.We will discuss the pros and cons of owning mutual funds and ETFs versus individual stocks and why owning stocks can be a more profitable choice.If you're ready to take your investing skills to the next level, then tune in to "The Secret to Winning in the Stock Market" and start owning stocks today.Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, Client Relationship Manager—Retirement Services, Justin Wagner, AIF®, and Associate Peter Lynch discuss the situation of an investor who wants to borrow from his 401(k) for an emergency. Read the Article: https://www.henssler.com/when-emergency-strikes-should-you-tap-into-your-401k
Would it be wise to pay off my mortgage with my 401(k)? Or should I stay the course and continue to use my mortgage interest as a tax deduction? Have a money question? Email us here Subscribe to Jill on Money LIVE YouTube: @jillonmoney Instagram: @jillonmoney Twitter: @jillonmoney "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
With a lot of retirement money already saved in pre-tax accounts, at what point should we consider using the Roth options available to us?Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Damon Roberts and Matt Deaton explain the power and importance of getting a second opinion when you feel like your needs are not being met by a current advisor. Plus, the pros and cons of using your 401k for emergencies. For more information or to schedule a consultation call 480-680-6868 or visit www.successinthenewretirement.com
The sentiment “the smaller the gap between your expectations and reality, the happier your life will be” is true of investing. This week, John examines how to manage money-related expectations and find greater satisfaction with your wealth (1:26). Plus, learn how the definition of retirement is changing (24:35) and why the best returns you'll get may come from the times you invest in yourself (46:10).Presented by Creative Planning, each week Host and Managing Director John Hagensen cuts through the headlines and loud takes to challenge the advice you may have been given and reaffirm what you know to be true. Plus, don't miss his weekly interviews with Creative Planning specialists as they cover investing, taxes, estate planning and many other areas that impact your financial life! Important Legal Disclosure: creativeplanning.com/important-disclosure-information/ Have questions or topic suggestions? Email us @ podcasts@creativeplanning.com
Why Financial Advisors Need Personal Branding: Sheri FittsAnyone who attends a retirement industry event knows there's a pretty good chance Sheri Fitts is speaking at it. Today we've got the well-known branding consultant and founder of Sheri Fitts & Co. with us to talk about the need for and importance of personal branding among 401(k)-focused financial advisors.Sheri also tells us about an all-new industry branding and marketing event she is launching this August in San Diego called “SWAY| LIVE,” along with why such a focused event is needed in the retirement industry.
Jackie Campbell discusses the pitfalls of using your 401k in an emergency situation and what could be a better option. For more information on Campbell and Company or to schedule a consultation, call 727-334-0024 or visit www.mycampbellandco.com
Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies
What key metrics are you tracking for your agency? Do you know which KPIs are crucial for making proactive decisions to benefit your agency? There are 4 key metrics that enable you to see into your agency's future and make smarter growth decisions. Today's guest runs a CPA advisory firm that provides agencies with the tools they need to come up with original solutions for their unique challenges. He shares the four key metrics every agency should be tracking to predict their future moves. Jody Grunden is the founder of Anders CPAs + Advisors, a virtual CFO group focused on the creative agency space. His team serves as a catalyst for those striving to achieve their highest potential and carry this mentality on to their clients and community. In this episode, we'll discuss: Crucial metrics to track for your agency. The target average utilization rate for agencies. Assessing profitability and gross margin to make adjustments to your prices or staff. Subscribe Apple | Spotify | iHeart Radio | Stitcher | Radio FM Sponsors and Resources Dot & Co: Today's episode of the Smart Agency Masterclass is sponsored by Dot & Co, client management specialists that will help digital marketing agencies keep their clients happy. With the help of their knowledgeable account managers, agency owners can step away from the day-to-day and focus on driving results. Check out dotandcompany.co/smartagency and get 20% off your first month working with them. The 4 Crucial Financial Metrics You Should Be Tracking for Your Agency Jody and his team help their clients focus on their goals and achieve their highest potential. They help improve their client's business by teaching them to focus on four main metrics: Cash metrics Production metrics Financial metrics Pipeline metrics Keeping track of these metrics makes a huge impact on your agency allowing you to predict your cash position every month and make key decisions ahead of time rather than being reactionary. 1. Cash Metrics This is annualized revenue; something all agency owners should have knowledge and control over. Keeping track of how much cash you have in the bank determines your next steps in the business. The goal is to have at least 10% of your annualized revenue in the bank at all times. So if you have a $3 million agency, you should have $300,000 in the bank. Why ten percent? This amount covers 2 months' worth of expenses for a service-based business. Of course, this is the minimum. It's better to strive for 30% or six months' worth of expenses. There's no right or wrong answer. Some agencies are fine with 4 months' worth of expenses in the bank, some need less. How do you decide on the percentage your agency requires? Just look at your different risk factors. Are you focusing most of your resources on just one client? Do you have older, retiring partners? In those cases, there is high risk and you need a higher percentage. Do you have high recurring revenue? If so then 10% is fine. Anything over 6 months might be overkill and money you could be using to reinvest in the agency. Why You'll Need at Least Three Different Bank Accounts Jody usually advises clients to have three different bank accounts; a tax account (for 40% of net income); an operating account (money to pay bills), and a cash reserve account (a money market account or a high-interest savings account). Just keep in mind that if that money is sitting in your operating account, you'll be losing opportunities. The name of the game is making money on your money. Jason and Jody agree that you should also get a line of credit when you don't need it. Treat it as a safety guard and preferably have it renewed every two years instead of annually. It's not designed to be used on a daily basis. That's what your cash reserve is for. 2. Production Metrics This is the metric agencies use to build a solid forecast. This forecast should be dialed into your non-financial metrics and may change every month. There are two very important metrics to getting that forecast right: Utilization Rate - what your team is working on and the percentage of their total hours spent on billable work. Average Build Rate - which is not what you're charging clients but rather the work being done. If you charge by the hour and you're not accurately tracking the time spent working that reduces your average build rate. These two metrics will help build a dynamic forecast because it's all based on people. You'll be able to build a month-by-month forecast and break down exactly what your agency should do on a monthly basis to achieve your revenue goals. Average Utilization Rate for Agencies How many hours does an agency typically work? This varies from agency to agency but on average they expect to work 30-32 (billable) hours per week. This is a benchmark of the number of hours you expect your workers to put in each week. Basically, the number of billable hours (work hours minus culture hours) divided into the number of available hours will give you your utilization rate. The average utilization rate for agencies is around 60%. However, your agency should strive to achieve your forecast projections. 3. Financial Metrics Assessing profitability and gross margin. Compare your agency to the competition and to your forecast. Comparing to everyone else will give you an idea of whether you're in the ballpark but more importantly, how well you're forecasting. To assess your overall profitability, first look at your net revenue. This is basically revenue minus hard costs. Once you have that, subtract all costs associated with production (anyone who works in the business), including fully-burdened costs like 401K and health insurance. Your goal as an agency should be about 50% net revenue. Additionally, your overhead costs like marketing expenses, business development, and facility costs should be no more than 35%. So, net revenue (50%) minus overhead (35%) = a gross margin bottom line (15%). Ideally, you'll want to get gross margin up from 15% closer to 25%. Try to focus not only on things you can cut back but also if it's time to increase prices. Planning to increase staff by 5%? Then you should probably also raise your prices or your margin percentage will shrink. 4. Pipeline Metrics The cash, production, and financial metrics will help you build a great model to predict exactly how much you'll hit each month. However, it can all crumble pretty quickly without the pipeline metric. This metric helps keep an eye on what you have under contract for the next three months and when you'll need to make adjustments according to the amount of work. For instance, if you have 65% under contract for the next three months that's fine and it's the typical number for your agency. However, if you're at 80% or 20% capacity then you'll need to make some adjustments. Do You Want to Transform Your Agency from a Liability to an Asset? If you want to be around amazing agency owners that can see what you may not be able to see and help you grow your agency, go to Agency Mastery 360. Our agency growth program helps you take a 360-degree view of your agency and gain mastery of the 3 pillar systems (attract, convert, scale) so you can create predictability, wealth, and freedom.
Plan Today Own Tomorrow with Garry Thurman and Tyde McIntosh
On this week's show we will hear from the streets. Where are you in your planning process? Annuities just being mentioned sparks a reaction and we will discuss. We will go over strategies for regular dependable income in retirement. After the strategy you need a retirement budget/spending plan to keep you on track. If you have any questions call Guardian Investment Advisors 800-517-1575. Retirement, Plan, Planning, Annuity, 401K, TSP, Roth, IRASee omnystudio.com/listener for privacy information.
Investing Skeptically:what is a 401k and how does it work.Invesco closed a bunch of ETFs and severalfundsCommodities - Are they a hedge against inflation?TDA to Schwab update
This week's theme on the Retirement Quick Tips Podcast is: Top 5 Money Traps To Avoid Today, I'm talking about a money trap that may not seem like a money trap at first glance: the 401k loan. The 401k loan is essentially a loan you take from yourself. You're borrowing from your own 401k balance, and then when you re-pay the loan, you'll pay interest, but that interest on the 401k loan, you're paying to yourself. So it sounds like the loan is free and low risk. But here's why 401k loans are money traps: They're tempting for the reasons I just mentioned. For this reason, people who use 401k loans tend to view their 401k as a piggy bank to tap into whenever they need, not as an account set aside for retirement. Viewing it this way causes many borrowers to tap into their 401k more often and borrow at higher amounts. When you borrow money from your 401k, you're losing out on the investment earnings you otherwise would have had if they money stayed in hte account and stayed invested. That wouldn't have been a problem in 2022 when your 401k went down in value, but what if you had a 401k loan outstanding in 2019-2021. The S&P 500 was up 29% in 2019, 16% in 2020, and 27% in 2021. The cost of the loan is essentially equal to those returns you missed out on while your money wasnt invested, making the real cost quite significant. You repay your loan using after-tax money. That's a horrible financial tradeoff when most of the time, your original contributions were made on a pre-tax basis. Think of it this way: if you're in the 24% tax bracket, you now have to work about 1/4 more to get the money back into your 401k, compared to when you made the original contributions. I work with a lot of 401k plans, so I see firsthand what people tend to do when they take a loan. And very often, they stop contributing to their 401k while they're repaying the loan. We're talking potentially tens of thousands if not more in a lower 401k balance because of lower or no contributions while repaying the loan. All kinds of problems if you change jobs or get laid off or fired. The loan becomes due by the time you file for your next tax return. And if you default, you're looking at taxes and penalties on the loan. So despite seeming attractive on the surface, a 401k loan is definitely a big money trap, and should only be used for a true emergency, and paid back as soon as possible. That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/ ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance
This week's retirement reading is from FAmag.com titled, Similarities Between Roth IRAs And Non-Dividend Paying Stocks. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting RetireWithPurpose.com/362. Show Notes: RetireWithPurpose.com/362 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading
The average cost for a gallon of gas as of this recording is $4.22 according to AAA. Not to mention that this has been going on for weeks and it may stay this way for several more cycles.So what can we do to get more out of our tanks of gas?#1 Use apps such as GasBuddy which is our PFT #23 to find the lowest costs in your area. I always go to Costco.#2 Keep your speed in check. According to Consumer Reports, driving 65 mph instead of 75 mph on the highway can increase fuel efficiency by 7 mpg for a mid-sized sedan and 6 mpg for a small SUV.In addition, our crack staff performed so math using the Distance = Speed * Time formula and for 60 mph that says when drive 70 mph vs 80 mph over the course of 60 miles you only save 6.4 minutes.#3 Each month your tires lose approximately one 1 psi, and low tire pressure negatively affects fuel economy.#4 You do not have to purchase premium gas. According to Edmunds.com even if the owner's manual recommends premium gasoline, the car will typically run on regular without issue and it will not damage the engine in any way. #5 Avoid hard acceleration and excessive braking and try to keep a steady pace, and remove bike, kayak and cargo racks as this creates a drag on your vehicle. The bottom line is that these tips are valuable at any time in life; however, most people are reactive rather than proactive. So take your time out there and you may be able to get a few more gallons between fill-ups.The new social and etiquette rules for 2023Social Media https://www.instagram.com/somm.podcast/https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDwhttps://www.tiktok.com/@somm.podcast?lang=enhttps://www.facebook.com/somm.podcasthttps://twitter.com/Somm_podcast
Esther Kuznetz and Kerry Lutz discussed financial health, which Esther defined as not having to worry about bills and having money in the bank for emergencies. They discussed how to measure financial health and how Esther helps her clients build their financial health. They also discussed how some people are in denial about their financial situation and how living beneath your means is the best way to build wealth. Esther Kuznetz advises her clients to live beneath their means and save money for the future. She also warns against taking money out of 401Ks and suggests investing in stocks and bonds. She recommends being careful when investing and to look out for banks that may be at risk of collapse. Finally, she invites listeners to visit her website for more information. https://StarFinancialSolutions.com https://FinancialSurvivalNetwork.com
I'm 100% debt-free and have been working my butt off since I was 19 with a plan to retire in the next 10 years at age 44. Am I crazy?Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneyPlease leave us a rating or review in Apple Podcasts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The debt ceiling conversation always seems to be on the news rotation. Although there will be rhetoric and brinksmanship attached to these headlines, there is always more to the story. In today's episode, Brad gives a short history lesson on debt and shares an in depth look of what is really going on. Listen now. Show Highlights Include: When Debt Did Not Exist. (2:16) Paying Off The Mortgage May Not Be The Best idea. (5:08) We are Not Interested In A Company Without Debt. (9:12) The Trillion Dollar Question. (13.58) Debt Is The Symptom Of The Disease. (16:45) To schedule your complimentary retirement track review, head to https://onecapital.com. You can also call us at 805-410-5454 or text the word ‘TRACK' and we'll reach out to you. SUBSCRIBE to our YouTube Channel here: The Make Your Money Matter YouTube Show
The debt ceiling conversation always seems to be on the news rotation. Although there will be rhetoric and brinksmanship attached to these headlines, there is always more to the story. In today's episode, Brad gives a short history lesson on debt and shares an in depth look of what is really going on. Listen now. Show Highlights Include: When Debt Did Not Exist. (2:16) Paying Off The Mortgage May Not Be The Best idea. (5:08) We are Not Interested In A Company Without Debt. (9:12) The Trillion Dollar Question. (13.58) Debt Is The Symptom Of The Disease. (16:45) To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
In today's episode of Adam Talks, Adam Bergman, Esq. discusses qualified small business stock and how you can receive a $10+ million tax exclusion when you sell your business.
Uno de los primeros libros que compré en mis años de universidad así se titulaba. El Valor del trabajo, de momento es un tema agridulce porque es muy fácil decir o sugerir, pero a veces ni tu mismo te lanzas, y por mi parte, tengo en defensa que he intentado una diversidad de emprendimientos como trabajos alternos y eso me cuenta. y esta semana lo recordé porque cuando estás en un ambiente laboral, tienes diversidad en los compañeros que laboran a tu lado. Es marcado el comportamiento de las nuevas generaciones, en el área de trabajo. El sentido de urgencia, de pertenencia, la interacción con la tecnología, etc. y en mi caso, Yo soy de las primeras que llega a trabajar, por el turno que tengo asignado, tengo la oportunidad y soy observadora de mirarlo todo. Así que veo entrar a los empleados felices y entusiasmados, veo entrar a los que saludan y a los que no saludan, veo a los que llegan de prisa y los llegan arrastrando los pies, a los que parecen tener el alma apenas arreguindada del cuerpo y los que llegan dispuestos a darlo todo con su sonrisa desde que entran por la puerta. Y me imagino, que mientras menciono todo esto, ubicas algunos rostros y te ubicas entre los personajes también. A decir verdad, en este momento no recuerdo mucho del libro, solo sé que desde adolescente trabajé en jornadas cortas después de la escuela superior, y siempre mientras estudié, el grado universitario, también. Yo valoraba ese lugar, y a ese patrono que me permitía ejercer para ganar dinero y pagar mis cosas. Tú puedes decir que en tu vida laboral ya sea, si es por tu cuenta, o en tu trabajo permanente en la empresa pública o privada, has estado bien, has estado motivado, pero de seguro has pasado por etapas diferentes y sí, has llegado allí, sin el deseo de trabajar, si, en ocasiones puede que detestes el ambiente, y también, has querido salir de allí y no regresar jamás. Pero escucha esto: el trabajo, es un intercambio de valores y es el auspiciador de tus sueños. Percíbelo así, por un momento. De ahí, pagas tus bienes muebles, comes, viajas, haces más planes, te das tus cuidados de salud, cenas en aquel restaurante especial, aunque sea una vez cada 3 meses y todo eso que te viene en mente, lo has podido hacer en gran parte, por ese trabajo. Quizás, puedes cambiar, sí, buscar una mejor oportunidad, con más dinero o beneficios…bueno pues, cuando encuentres eso, cambias. Pero si no encuentras algo que sea una verdadera mejora, quédate quieto o quieta. Yo con mucha probabilidad, haga un cambio, quiero un mejor ambiente de trabajo. Y tu puedes querer hacer un cambio y es perfectamente válido hacerlo, porque no estamos para quedarnos en ambientes nocivos a nuestra salud; pero entonces, muévete, busca bien y hazlo lo mejor que se pueda, no sin antes evaluar los pros y contras y mirar de forma transparente y sin prejuicios, mira lo que tienes para que no dar un paso a la ligera que te perjudique. Pero piénsalo, busca, pídelo, proyéctate. ¿Me hago entender? O, ¿Qué tal si exploras la opción de escalar una posición en tu misma empresa? Conozco una amiga que lo hizo, y se renovó totalmente al tener un nuevo rol, mejor salario y conservó sus años en la empresa. No perdió nada y obtuvo además el beneficio de un reto que la sacaría de su zona a desarrollar otros talentos. Yo te quiero contar, que hace unos años yo inicié un negocio y de cierta forma estaba obsesionada, con provocar resultados, para que ese fuera un ingreso que pudiera suplementar mi 401K al momento del retiro. Invertí dinero, me eduqué, me gustó, todo lo que hice, tomé varias clases para el manejo del negocio y trabajé duro en eso. Al final, terminé cerrando el proyecto, la tienda en línea, de joyería y carteras que había trabajado desde cero. Dio frutos, pero no me satisfizo como pensaba y los números no fueron suficiente, no compensaban el esfuerzo. Ese proyecto fue mi segundo empleo. Y te lo cuento porque realmente desde muy joven amo trabajar, lo valoro y esa es la razón por la que naturalmente minimizo muchos las fallas que hay tanto en los ambientes laborales como los tropiezos del camino. Entonces tengo varios elementos aquí: el valor que le doy al trabajo, que hoy lo catalogo como auspiciador de mis sueños, le aplico amor y le agradezco la oportunidad de llegar a tantas cosas. Es uno de los mejores intercambios que hago ¿Tú lo puedes ver un poco así? Ir a trabajar no es un fastidio, no puede ser un fastidio. ¿Cuánto daño te haces viéndolo así?, si es tu caso tienes dos opciones, comenzar a verlo como el auspiciador de tus sueños, ver su valor y agradecerle…o comenzar a buscar un nuevo lugar para Ti, donde no solo sientas que es el auspiciador de tus sueños, sino que estés a gusto, o retirarte si puedes hacerlo. Yo he sentido malestar por reportarme al lugar de trabajo, estuve un tiempo en que me sentía bien molesta por tener que ir a trabajar, en la empresa habían hecho cambios que no me convencían, y fue un tiempo de una especie de tortura, de mi para mí, porque en las empresas grandes, aunque te permiten opinar no escalan tu opinión, si te escuchan, pero no pasa nada. Así que hoy te invito a no torturarte en ese empleo, míralo desde otra perspectiva, puedes hacerlo; en realidad el trabajo es un intercambio de tus talentos por dinero, pero la perspectiva se la das tu, y si después de tratarlo, aún no encuentras paz en ese lugar, busca un mejor lugar para Ti, o un nuevo reto en esa empresa, de forma planificada y da un paso desde tu corazón a buscar una nueva experiencia laboral que te satisfaga y libere. Hubo un episodio a principios de año, donde te invité a escoger una palabra, era como un valor que tu quisieras desarrollar u optimizar durante este año, 2023. Fue el episodio #21 si no me equivoco, es de enero 8. Y en mi caso, yo te conté que escogí la palabra ALEGRIA, y la escribí en mi agenda…para recordar, fomentar, convivir y dispersar alegría. En la descripción de este episodio está el enlace de ese tema de principio de año que titulé, Activa tu mejor Versión, en el 2023 ¡ok! ¿Cuál fue tu palabra? Paz, Compromiso, Felicidad, Sinceridad, Fidelidad a tus creencias y valores, Perseverancia, Optimismo, Superación, Amor…la que sea, aplícasela a tu trabajo, suponiendo que escogiste como yo, ALEGRIA, aplicarlo en tu día a día puede que sea lo único que necesites, esa pieza clave para quedarte ahí con gozo o para asumir el reto de moverte a un mejor lugar. En medio de todo, yo también siempre ando en busca de subir de nivel, ando en busca de trabajar mas desde casa y por mi cuenta y de no sentir que hay que esforzarse tanto para lograr las metas y concretar sueños. ¿Y tu, que andas buscando? ¿Qué te parece este tema? Si te ha servido este episodio, compártelo con tus familiares y amigos y dame tu valoración de 5 estrellas en la plataforma donde me escuchas para que pueda llegar a más personas. Sentirte en tranquilidad es la mayor felicidad que puedas experimentar y excelente medicina para superar la diabetes. ¿Nos vamos por encima del diagnóstico? ¡Claro que sí! Sígueme en IG como @hola.vidaenpositivo www.instagram.com/hola.vidaenpositivo Te comparto el enlace del episodio #21 https://traffic.libsyn.com/45684077-d271-475c-a0ea-09742157cfaa/E21_New_Version_finished.mp3
Know where your money is going is one of the top ways to be financially healthy. That's according to Christine Channels, head of community banking with Bank of America. She says you need to get educated about personal finances. She also discusses how to know if your bank is secure and why using one that states they are FDIC Insured is so important. You can learn more about your own financial health at Better Money Habits. You can follow this show on Instagram and on Facebook. And to see what Heather does when she's not talking money, go to her personal Twitter page. Be sure to email Heather your questions and request topics you'd like her to cover here.See omnystudio.com/listener for privacy information.
This episode marks the return of Rich Wright the financial advisor of the hood. We we will be discussing everything from ways to use your credit card to fund your vacation, to savings and high yield accounts, and everything in between. ENJOY!!
My next guest left his career as a financial planner and created a company that helps others achieve financial independence. In this episode we talk about the top ways to create passive income, why debt freedom does not equal financial freedom, why a 401K is holding you back, what infinite banking is, and the #1 biggest obstacle to achieving financial independence. Please welcome Russ Morgan. Key Timecodes (00:44) - Show intro and background history (01:48) - Deeper into his background and career path (03:22) - What is the "investor DNA." (05:53) - What types of investments does he focus on (08:10) - How to achieve financial independence (09:58) - Understanding his business model in deep (11:15) - One of his home run investments over the last ten years (12:21) - Debt freedom is not financial freedom (15:16) - What is infinite banking (21:02) - Why 401k is the worst vehicle for financial freedom (26:03) - Why a 401k is a money jail (27:41) - Cash is king, but it needs a new throne (30:45) - Is it worth paying off your home or investing the money? (34:46) - What is the biggest obstacle to achieving financial freedom (36:59) - A key takeaway from the guest (38:52) - What is the worst advice he ever received (39:19) - What is the best advice he ever received (40:10) - Guest contacts Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.
Is it worth electing a high-deductible health plan to take advantage of HSA investing, or will the upfront medical expenses with a higher deductible negate any future returns?Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneyPlease leave us a rating or review in Apple Podcasts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you worried about how the looming recession may impact your 401(k) as you get ready for retirement? You're not alone! Will you be living off your 401(k) when you retire? Do you know how much you're paying in fees for your plan? There are several questions to ask yourself before hitting the reset button on your retirement plan. Find out those questions—and answers—in this episode of Protect Your Assets with David Hollander. You can send your questions to questions@pyaradio.com for a chance to be answered on air. Catch up on past episodes: http://pyaradio.com Liberty Group website: https://libertygroupllc.com/ Attend an event: www.pyaevents.com Schedule a complimentary 15-minute consultation: https://calendly.com/libertygroupllc/scheduleacall/See omnystudio.com/listener for privacy information.
Are you worried about how the looming recession may impact your 401(k) as you get ready for retirement? You're not alone! Will you be living off your 401(k) when you retire? Do you know how much you're paying in fees for your plan? There are several questions to ask yourself before hitting the reset button on your retirement plan. Find out those questions—and answers—in this episode of Protect Your Assets with David Hollander. You can send your questions to questions@pyaradio.com for a chance to be answered on air. Catch up on past episodes: http://pyaradio.com Liberty Group website: https://libertygroupllc.com/ Attend an event: www.pyaevents.com Schedule a complimentary 15-minute consultation: https://calendly.com/libertygroupllc/scheduleacall/See omnystudio.com/listener for privacy information.
Investing your IRA into a Small Business is HUGE for getting the ball rolling and staying ahead while avoiding a bank loan. Diversify your investments and start looking into using your IRA or 401K to fund your business and get it off the ground!. Small businesses might need your money. Learn how to take control of your retirement - https://directedira.com/Self-directed IRA Podcast - https://matsorensen.com/podcast/Be an expert/shop my products - https://shop.matsorensen.com/Blog & Articles - https://matsorensen.com/blog/
With the first quarter of 2023 under our belts, we're checking in with our buds Eric & Tony and seeing how everything is going in our respective markets, and where we see the rest of the year going. Topics of discussion include: Squeegee washers, spiders, Taylor Swift's merch disaster, hiring, social media, hypotheticals, 401Ks & IRAs, overtime, breaking rules, culture shift, manufacturer selling direct to customer, and we answer questions from the Shirt Show discord.
We don't need to find the next Apple stock to hit it big when it comes to our investments. In fact, studies show the best blueprint for growth is simply diversification. Find out why — and how you can maximize this strategy — on this week's episode (2:39). Plus, learn how knowing and owning your money story is one of the more liberating things you can do (10:46). Finally, John answers whether a quirk in the payment formula for Social Security will negatively impact recipients born in 1960 (42:14).Presented by Creative Planning, each week Host and Managing Director John Hagensen cuts through the headlines and loud takes to challenge the advice you may have been given and reaffirm what you know to be true. Plus, don't miss his weekly interviews with Creative Planning specialists as they cover investing, taxes, estate planning and many other areas that impact your financial life! Important Legal Disclosure: creativeplanning.com/important-disclosure-information/ Have questions or topic suggestions? Email us @ podcasts@creativeplanning.com
(4/28/23) With the apparent, increasing socialization of banks and markets, what's the best play for investors? Preview of our upcoming Lunch & Learn, "Transitioning to Medicare:" Medigap vs Medicare Advantage; implications of early retirement on your Medicare plan. Powerball Lottery winner lifestyle: What would you do first? Poking Lance; 10 Mistakes you should avoid in your 401k; why a Roth 401k is better for younger savers; the problem with target dated funds. SEG-1: Socialization of Banks & Markets SEG-2: Transitioning to Medicare: Medigap vs Medicare Advantage SEG-3: Powerball Winning Lifestyles SEG-4: Poking Lance & 10-mistakes in Your 401k Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=VuAw1b9QEmE&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell | "Microsoft & Apple to Expand Stock Buy-backs?" is here: https://www.youtube.com/watch?v=LbOzeDAnOYc&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 -------- Here are articles mentioned in today's show: "Sell May In April And Go Away?" https://realinvestmentadvice.com/sell-may-in-april-and-go-away/ ------- Our previous show is here: "Using Good Credit to Subsidize Poor Credit" https://www.youtube.com/watch?v=Q35KIBS8AJg&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Register for our next Lunch & Learn: "Transitioning to Medicare" https://us06web.zoom.us/webinar/register/7516747839784/WN_yEQ0iBgwQ2WdIexCLAdpPQ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #401k #Roth401k #Medicare #Medigap #PowerballLottery #Markets #Money #Investing
(4/28/23) With the apparent, increasing socialization of banks and markets, what's the best play for investors? Preview of our upcoming Lunch & Learn, "Transitioning to Medicare:" Medigap vs Medicare Advantage; implications of early retirement on your Medicare plan. Powerball Lottery winner lifestyle: What would you do first? Poking Lance; 10 Mistakes you should avoid in your 401k; why a Roth 401k is better for younger savers; the problem with target dated funds. SEG-1: Socialization of Banks & Markets SEG-2: Transitioning to Medicare: Medigap vs Medicare Advantage SEG-3: Powerball Winning Lifestyles SEG-4: Poking Lance & 10-mistakes in Your 401k Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=VuAw1b9QEmE&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- The latest installment of our new feature, Before the Bell | "Microsoft & Apple to Expand Stock Buy-backs?" is here: https://www.youtube.com/watch?v=LbOzeDAnOYc&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 -------- Here are articles mentioned in today's show: "Sell May In April And Go Away?" https://realinvestmentadvice.com/sell-may-in-april-and-go-away/ ------- Our previous show is here: "Using Good Credit to Subsidize Poor Credit" https://www.youtube.com/watch?v=Q35KIBS8AJg&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Register for our next Lunch & Learn: "Transitioning to Medicare" https://us06web.zoom.us/webinar/register/7516747839784/WN_yEQ0iBgwQ2WdIexCLAdpPQ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #401k #Roth401k #Medicare #Medigap #PowerballLottery #Markets #Money #Investing
Gold prices have been climbing higher in recent months as economic concerns are on the minds of many people. Stone X analyst Rhona O'Connell told Reuters news agency that stresses in the US banking system are helping gold prices. She told Reuters: "All the current elements of uncertainty are supportive for gold. If they are resolved then a record high for gold is not in sight. But bank stresses do tend to linger and that points to fresh highs.”Meanwhile, the Wall Street Journal reported that the number of Google searches for the phrase “how to buy gold” has reached the highest recorded level in the 20-year history of Google Trends. If people search the Internet for how to buy gold, they'll probably see the website for the Genesis Gold Group. The founder and President of Genesis Gold Group is Mr. Jonathan Rose. He is with us today from his office in southern California. His website is GenesisGoldGroup.com.Rick Wiles, Doc Burkhart. Airdate 4/28/23 You can partner with us by visiting TruNews.com/donate, calling 1-800-576-2116, or by mail at PO Box 690069 Vero Beach, FL 32969. The Fauci Elf is a hilarious gift guaranteed to make your friends laugh! Order yours today! https://tru.news/faucielf It's the Final Day! The day Jesus Christ bursts into our dimension of time, space, and matter. You can order the second edition of Rick's book, Final Day. https://www.rickwiles.com/final-day