Podcasts about HSA

Thanks to our partners Promotive, WickedFile, and OverdryveDid you buy a truck last December just to shrink your tax bill? Is the year-end bonus you pay yourself actually handing the IRS more money?In part two of his tax series, Hunt Demarest, CPA with Paar Melis & Associates, moves from tax planning to the part every shop owner wants to hear about: paying less. He walks through six strategies and flags where owners get each one wrong. A $6,000 compressor saves you $1,500 but leaves you $4,500 poorer, while a $6,000 IRA contribution saves the same $1,500 and you keep every dollar. Hunt also explains why a small 401(k) can cost you thousands a year in fees, how an HSA works like a second retirement account, and why an S corp owner who bonuses profit onto payroll pays more tax. He closes with entity structure, where one election saved a client $25,000 in a year, and a simple rule for equipment: decide what you need first, and let taxes decide only when you buy it.Whether you've never opened a retirement account or you're wondering if your entity setup still fits a shop that has doubled in size, this episode gives you a clear list to take to your accountant before year-end.What You'll Learn…(00:00) Intro(03:39) Hunt's money-back guarantee(05:03) Why a $6,000 compressor is a weak deduction(06:23) Retirement: time beats dollars(07:32) When your 401(k) costs more than it saves(09:11) HSA vs. FSA explained(13:36) The S corp bonus mistake(15:42) The $70K to $80K salary sweet spot(16:59) Why gaming expense timing backfires(18:21) Entity structure: the real found money(20:18) Buying a truck to save taxes? Do the math(21:40) When taxes should change your purchase timingIf you're ready to stop buying equipment just to dodge a tax bill and start paying yourself in a way that keeps more money out of the IRS's hands, this episode is essential listening.Thanks to our partner, PromotivePromotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit https://gopromotive.com/Thanks to our partner, WickedFileTurn chaos into clarity with WickedFile, the AI for auto repair shops. Transform invoices into insights, protect cash flow, and stop losing parts, cores, or credits to maximize your bottom line. visit https://info.wickedfile.com/Thanks to our partner, OverdryveOverdryve is your AI-powered marketing operating system. It predicts slow weeks before they happen, automatically launches revenue-driving campaigns, tracks ROI down to the dollar, and optimizes performance in real time. Demo the Marketing Intelligence Platform at https://getoverdryve.ai/

Saving for retirement is only part of the equation. In this episode of The Budgetdog Breakdown, Brendan answers listener questions about retiring at 50, Roth conversion ladders, tax-efficient investing, asset location, and the HSA's role in retirement planning. The conversation begins with the importance of building flexibility across pretax, Roth, and taxable accounts. Brendan explains how having too much money concentrated in one tax bucket can create challenges when it's time to withdraw, and walks through the concept of Roth conversion ladders for people retiring before traditional retirement age. We also explore why the location of your investments matters, including why interest-producing assets such as bonds can be less tax-efficient in taxable brokerage accounts. Finally, Brendan breaks down the HSA's triple tax benefit and explains why it can function as an additional retirement-planning tool. Money isn't just about how much you accumulate. It's also about how efficiently you can use it. Episode Timeline and Highlights 00:00 Why wealthy people rely on systems 00:18 Retiring at 50 with a pretax-heavy portfolio 01:17 The three investment buckets 02:33 Understanding tax-efficient withdrawals 03:34 How Roth accounts work 04:15 Taxable brokerage accounts and tax flexibility 04:56 Required minimum distributions 05:15 Understanding Roth conversion ladders 06:10 How conversion ladders work 07:11 When Roth conversions may make sense 08:04 Rule 72(t) and Rule of 55 08:57 Tax preparation vs. tax strategy 09:36 Roth conversions after a job loss 10:41 Why asset location matters 13:52 Understanding dividends and taxes 14:12 Why bonds can be tax inefficient 15:46 The HSA triple tax benefit 16:45 Reimbursing yourself for medical expenses 17:44 Why an HSA can function as a retirement account 18:59 What changes at age 65? 19:39 The importance of keeping receipts 20:57 Final thoughts Key Takeaways • Retirement planning requires more than accumulating money • Pretax, Roth, and taxable accounts each provide different forms of flexibility • Roth conversions may be worth considering during lower-income periods • Tax strategy should be based on your individual circumstances • Asset location can affect your after-tax results • Interest income from bonds is generally taxed differently from long-term capital gains • HSAs offer multiple tax advantages • Keeping documentation for qualified medical expenses is important • Planning withdrawals before retirement can help create greater flexibility Quotables "If you only fill up one bucket...it makes your journey much harder." "How you withdraw that money matters." "Your CPA is likely set up to do tax prep...they're not thinking about the strategy." "The HSA is one of my favorite accounts." The goal isn't simply to accumulate as much money as possible. It's to build a financial structure that gives you flexibility when you actually need to use it.

The federal government just split student loan borrowers into two groups: those who borrowed before July 2026 keep access to income-driven repayment and forgiveness strategies, while everyone after gets strict caps, fewer options, and tax bills on forgiven debt. If you're on the wrong side of that line—or helping someone navigate it—the math on graduate school, Parent PLUS loans, and even retirement contributions just changed. The July 2026 Dividing Line – 00:05:30 The One Big Beautiful Bill Act created two distinct classes of borrowers. Pre-July 2026 borrowers retain access to Income-Based Repayment (IBR) with payments at 10-15% of discretionary income and forgiveness after 20-25 years. Post-July 2026 borrowers get the new Repayment Assistance Plan (RAP) with 1-10% payments based on income but forgiveness only after 30 years. Anyone who takes out even one loan after the cutoff loses access to the old system entirely. New Borrowing Limits – 00:12:00 Federal loans are now capped at approximately $65,000 total for undergraduates (via Parent PLUS), $20,500 per year for graduate students, and $50,000 per year for professional programs like medical, dental, and law school—with a $200,000 lifetime cap for professional degrees. These limits fundamentally change which graduate programs remain financially viable without substantial family wealth or private loans. The Death of Parent PLUS Loans – 00:35:00 Parent PLUS loans have become a loan of last resort. They now carry roughly 9% interest rates, offer zero income-driven repayment options, and place all legal responsibility on parents alone. Students are morally but not legally obligated. For parents with good credit, private loans offer better rates and the option to cosign, putting responsibility on both parties. Private Loans About to Surge – 01:10:00 With federal borrowing caps forcing graduate students to seek alternative funding, the private loan market is poised for massive growth. Rate spreads can reach 7 percentage points between best and worst offers. Students should establish credit history at least three years before grad school by opening a credit card early and rate shop aggressively across multiple lenders. IBR vs RAP: Know Your Repayment Plan – 00:18:00 Pre-July 2026 borrowers can access IBR with payments capped at 10% or 15% of discretionary income and forgiveness after 20 years for undergrad debt or 25 years for graduate debt. Post-July 2026 borrowers get RAP, which starts at 1% of income for those earning under $15,000 and scales up to 10% for higher earners, with forgiveness only after 30 years. The difference in both payment structure and timeline is substantial. The Tax Bomb Returns – 00:28:00 Forgiveness through income-driven repayment in the private sector is once again taxable as income starting in 2026, after being tax-free from 2021-2025 under the American Rescue Plan. Public Service Loan Forgiveness (PSLF) remains tax-free. For someone who has $100,000 forgiven while earning $75,000, they could face a tax bill on $175,000 of income in the year of forgiveness. PSLF and Current Litigation – 00:52:00 PSLF remains the strongest forgiveness option for qualifying public service and nonprofit employees, requiring 120 qualifying payments while working full-time. The PSLF Buyback program allows workers to purchase credit for months spent in forbearance or deferment. Current litigation primarily affects niche groups rather than broad populations, though ongoing challenges to Department of Education rules create uncertainty. AGI Manipulation as Tax Strategy – 01:02:00 Since income-driven repayment calculates payments based on Adjusted Gross Income, maximizing pre-tax 401(k) contributions, HSA contributions, and other above-the-line deductions directly reduces required loan payments. For borrowers paying 24% federal tax + 5% state tax + 10% to student loans, that's a 39% effective marginal rate—making traditional pre-tax contributions far more valuable than Roth accoun…

What if the biggest thing standing between you and early retirement isn't your savings... it's your health insurance? Bill and Jackie welcome Lyndia Cunningham of Move Health to tackle the healthcare headache that keeps so many Americans working until 65. From COBRA and short-term medical plans to faith-based health sharing and the Affordable Care Act, Lyndia walks through the options that could change your retirement timeline. Throw in retroactive COBRA, Medicaid, college health plans and direct primary care, and suddenly the path to healthcare freedom looks a lot less mysterious. This episode covers The health insurance options available to early retirees before Medicare at 65 How COBRA, short-term medical insurance, Farm Bureau plans and healthcare-sharing programs compare The important differences between ACA-compliant insurance and other types of coverage How spouses, dependents and college students can access alternative coverage Retroactive COBRA and planning for the transition out of employer-sponsored insurance ACA essential health benefits, provider networks and out-of-state coverage limitations How ACA premium subsidies interact with household income, Roth conversions and HSA contributions Medicaid eligibility and the complications that can arise for early retirees and their families Dental, vision, accident and critical illness coverage beyond a basic health insurance plan How HSAs and direct primary care can fit into a broader retirement healthcare strategy   === SUPPORT  THE  SHOW ===

Somewhere in a committee room right now, lawmakers who've never taken a probiotic in their life aredeciding whether you'll still be able to buy one next year without a permission slip. This hour, Dr. AdamBrockman sits down with Mr. Jim Emme — Chairman of the Natural Products Association and CEO ofNOW Health — for a rare two view of the fight over your access to natural health. We go straight into the policy battles reshaping the supplement aisle: a mandatory listing bill that could bury small brands in compliance costs, a state-by-state patchwork that makes your access depend on your zip code, a push to spend your HSA dollars on the vitamins you actually use, and a quiet FDA rule that can make a natural ingredient vanish from shelves overnight. Then we go behind the label — into the DNA testing, the in- house labs, and the employee-ownership model of a company that's spent fifty years proving quality doesn't need a celebrity endorsement. If you've ever wondered who's actually protecting your right to choose what goes into your body, this is the hour that answers it.

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So you have a large HSA in retirement, but what can you really do with it?HSAs are perhaps the most tax-advantaged account out of them all... Better than IRAs and Roth IRAs because an HSA is triple-tax advantaged. You get to deduct contributions from your income, the account grows tax-free, and you can take money from the account tax-free for qualified medical expenses. But in retirement, there are a few other things that you can use an HSA for and that's what I cover in this episode.

Kelley goes through a list of mistakes to avoid when the market creates that nervous feeling. She warns again panic selling, withdrawing too soon, and trying to “catch up.” She also suggests implementing tax-efficient strategies and a healthcare and long-term care plan. Kelley also discusses the sound strategies to help retirees enter that “decumulation” stage of their life. 800-810-8060 California Wealth AdvisorsSee omnystudio.com/listener for privacy information.

Retirement planning is often about more than reaching a number; it's also about what life looks like once you get there. On this episode of the Retire Sooner Podcast, Wes Moss and Christa DiBiase explore the financial decisions, relationships, and sense of purpose that may factor into retirement life. Explore research on retirement happiness and the factors often associated with well-being as we age. Examine sobering trends involving suicide, overdose deaths, and social isolation among older Americans. Discover how purpose, community, and meaningful connections may relate to retirement well-being. Consider the “friendship recession” and what shrinking social circles may mean for life after work. Start meaningful conversations with loved ones about some of the tougher realities of aging and retirement. Compare the financial considerations of upsizing in retirement versus staying put. Weigh renting versus buying and the financial trade-offs that may come with each option. Review concentrated stock positions, step-up in basis, capital gains, and inheritance considerations. Clarify factors to consider when consolidating multiple 401(k) accounts after changing jobs. Evaluate pension lump sums versus monthly payments, including the 6% test as one way to compare the options. Explore factors to consider when deciding whether to invest HSA assets for potential long-term healthcare expenses. Balance retirement account contributions against the financial trade-offs of paying down a mortgage. Compare target-date funds with customized portfolios during the retirement accumulation and distribution phases. Read Wes's new book, The Retire Sooner Method, and explore the research behind the financial and lifestyle characteristics often associated with a happier retirement. Listen and subscribe to the Retire Sooner Podcast for an engaging, educational conversation about retirement planning, financial independence, and life beyond the paycheck.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, I'm joined by my husband, Chris, to talk about marriage, parenting, and what it's really like to build a life and business together. We cover balancing work and family, raising three boys, making time for each other, kids and sports, and the values we want to teach our children. We also talk about communication, supporting your partner, giving each other space, and what helps a marriage get better over time. → Leave Us A Voice Message!  Topics Discussed: → Balancing Work, Family and Parenting → Raising Three Boys → Kids, Sports and Family Life → Communication and a Stronger Marriage Sponsored By:  → Timeline | Timeline's clinically proven formula is now available at a new, lower price. Mitopure now starts at $79, when you subscribe at https://timeline.com/KELLY → Be Well By Kelly Protein Powder & Essentials | Get $10 off your order with PODCAST10 at https://bewellbykelly.com → OGEE | Thanks to today's sponsor, Ogee: A higher standard for beauty. Go to https://ogee.com/BEWELL and use code BEWELL to get 20% off certified organic makeup that performs like luxury. Or visit Sephora.com, search Ogee, and shop the Crystal Contour Collection today. → Higher Dose | Head to https://Truemed.com/higherdose to explore their infrared sauna blankets, red light devices, and more and use code BEWELL for 15% off. Plus, qualified customers may be able to use HSA or FSA funds through Truemed to save on their purchase. → Function | Check your brain and health the way I do. Function provides 160+ lab tests for $1/day and member pricing on advanced imaging. Join at https://functionhealth.com/bewellbykelly and use code BEWELL25 for a $25 credit. Timestamps:  → 00:00:00 - Introduction → 00:01:50 - Marriage and Parenting Roles → 00:05:52 - Balancing Work and Family → 00:10:28 - Raising Three Boys → 00:18:48 - Teaching Kids Independence → 00:21:48 - The Reality of Their Marriage → 00:26:12 - Working With Your Spouse → 00:34:26 - Supporting Your Partner → 00:41:28 - Finding Time for Creativity → 00:48:18 - Making Time for Your Relationship → 00:53:28 - Letting Kids Follow Their Passions → 00:57:02 - Values to Teach Your Kids → 01:05:24 - Communication in Marriage → 01:13:50 - Raising Respectful Boys → 01:18:30 - How to Build a Stronger Marriage → 01:23:00 - Quick-Fire Questions → 01:26:50 - Final Thoughts Further Listening:  → The Parenting Advice That Could Change Your Child's Future Check Out Kelly: → Instagram → Sweet Deal (Book) → Youtube → Facebook

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On the Money Meets Medicine podcast, Dr. Jimmy Turner and CPA Spencer Carroll of Gelt discuss why physicians should plan taxes before December 31 rather than focusing only on filing in spring, citing Turner's unexpected $36,000 tax bill as a consequence of compliance-only CPA work. They explain year-round tax strategy, the value of Q4 projections to avoid penalties and surprises, and key year-end actions such as paying reasonable S-corp salary by 12/31, making employee solo 401(k) contributions by 12/31 (while some employer contributions and certain plan setups can occur by filing deadlines), HSA timing including the “last month” rule, tax-loss harvesting, managing income/expenses, charitable giving strategies like donor-advised funds, and hiring/payrolling kids or spouses before year-end. Resources:Start your Year-End Tax Review with Gelt and get 10% off as a Money Meets Medicine listener: https://moneymeetsmedicine.com/CPAEvery doctor needs own-occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disabilityWant a free copy of The Physician Philosopher's Guide to Personal Finance? Snag your copy here: https://moneymeetsmedicine.com/freebook Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Send us Fan MailYou get a couple of weeks to make a decision you're stuck with for 12 months. So how do you know you're actually picking the right plan?Rewind: This episode originally aired in fall 2025. Plan details and limits change every year, but the process still works.After watching their own premiums jump 17%, Jessica and Brandon open up their family's open enrollment process. Brandon shares the first thing he checks before comparing any plan, why the most expensive option often isn't the smartest one, and what a surgeon's disability policy taught him about being underinsured. Plus, a real time discovery about their own coverage that caught Brandon completely off guard.In this episode:• Why last year's plan isn't a safe default• The one number to know before you choose• When a pricier plan is worth it• Disability insurance and the 60% gap• HSA, FSA, and dependent care FSA basics• Perks most people never useGet a $5 month for Point.Me our favorite way to find the best flightsGet 50% off of Monarch Money for one year with this linkSubscribe to The Sugar Daddy Podcast newsletterExplore The Sugar Daddy Podcast Stan Store — Downloadables, tools, and more to level up your money game together!Head over to our YouTube channel to catch this episode in full video form.You can also email us at: hello@thesugardaddypodcast.comConnect with us on Instagram We're most active over at @thesugardaddypodcastChat with BrandonWant to work together? Learn more about BrandonBook a free 30-min call to see if it's a fit.Show us some love, hit subscribe, leave a five star rating, and drop a quick review!Money, relationships, and the mindset to master both. Hosted by financial advisor Brandon and his wife Jessica, The Sugar Daddy Podcast breaks down how to build wealth, unpack old money beliefs, and have real conversations...

Looking for a financial planner?  → PlanWithJesse.com Jesse answers a new round of early-retirement questions, beginning with how investors can build a portfolio designed to last through a potentially long retirement. He explains why focusing narrowly on dividends, interest, or other forms of "income generation" can lead retirees toward mathematically suboptimal decisions, and why total return, risk, and diversification provide a better framework for evaluating a retirement portfolio. He then addresses the challenge of retiring before Social Security, when portfolio withdrawal rates may temporarily reach 5% or 6% before falling substantially later, explaining why static rules like the 4% rule cannot capture the lumpy reality of retirement spending and why detailed cash-flow projections, Monte Carlo modeling, and sensitivity analysis can provide a clearer picture. The episode also explores how much cash an early retiree should hold, the trade-off between protecting against sequence-of-returns risk and sacrificing long-term returns, and how a retiree might gradually spend down an oversized cash position rather than trying to time the market. Finally, Jesse provides an early-retirement checklist covering ways to access money before traditional retirement age, including taxable accounts, Roth IRA contributions, Roth conversion ladders, Rule 72(t), the Rule of 55, 457 plans, HSA reimbursements, deferred compensation, lines of credit, and even family financing or early inheritances. Key Takeaways: • Total return matters more than income alone. Interest, dividends, and capital appreciation are different forms of return, and retirees should evaluate investments based on their total return and associated risk rather than fixating on income generation. • The preference for retirement "income" is partly psychological. Paycheck replacement, mental accounting, loss aversion, and a desire for control can all make dividends and interest feel safer than selling investments. • An all-time market high isn't automatically a reason to sell stocks. Markets have repeatedly continued rising after reaching new highs, making "the market is high" an unreliable market-timing signal. • Retirees may rationally prioritise avoiding ruin over maximising wealth. Once someone has accumulated enough for retirement, sacrificing some expected return to protect the plan can be entirely reasonable. • An oversized cash position doesn't necessarily need to be invested all at once. Jesse suggests that a retiree could gradually spend cash while simultaneously taking smaller withdrawals from the investment portfolio. • Early-retirement funding is a toolkit, not a single withdrawal strategy. Taxable investments, Roth assets, 72(t), employer plans, HSAs, deferred compensation, credit facilities, part-time income, rental income, and potentially family financing can all form pieces of an individualised bridge to traditional retirement age. Key Timestamps: (01:16) – Q1: Income Generation from a Sustainable Portfolio (14:21) – Q2: Monte Carlo and Modeling Your Own Lumpy Cash Flow (49:11) – Q3: Should I Use Cash or Sell My Stocks? (30:36) – Q4: Early Asset Access Checklist Key Topics Discussed:The Best Interest, Jesse Cramer, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques Mentions: https://bestinterest.blog/e134/ https://bestinterest.blog/e145/ https://investor.vanguard.com/investor-resources-education/education/model-portfolio-allocation https://bestinterest.blog/roth-conversion-checklist/ https://choosefi.com/listen Die With Zero: Getting All You Can From Your Money And Your Life by Bill Perkins More of The Best Interest: Check out the Best Interest Blog at https://bestinterest.blog/ Contact me at jesse@bestinterest.blog Need a financial planner?  → PlanWithJesse.com  The Best Interest Podcast is a personal podcast meant for education and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

How much have you thought about Health Savings Accounts (HSAs) and what happens to them once you enroll in Medicare? Whether you're nearing age 65, wondering if you can keep contributing to your HSA, or curious about how you can use your HSA funds in retirement, this episode covers it all. I explain the rules around HSA contributions after enrolling in Medicare, the types of medical expenses you can pay for tax-free, and what happens to your HSA if there's still money in it after you pass away.    You will want to hear this episode if you are interested in... [01:51] Ineligibility to contribute to HSAs after enrolling in any part of Medicare  [03:02] When to stop HSA contributions [05:46] Automatic Medicare enrollment when collecting Social Security or some retirement benefits  [08:00] Contrast between using IRA vs HSA to pay medical expenses  [09:39] Using HSA for family expenses [14:27] Using the HSA post-65 for medical or other expenses    What Changes With Medicare?   One of the most important things to keep in mind is that once you enroll in any part of Medicare, you are no longer eligible to make HSA contributions. Continuing to contribute after enrolling in Medicare results in excess contributions, which are subject to a 6% excise tax each year the excess remains in the account. This penalty also applies to any income generated by those excess contributions, so immediate corrective action is necessary if you find yourself in this situation. Importantly, Medicare Part A coverage can be retroactive for up to six months if you delay enrollment. Because of this, it's recommended to stop contributing to your HSA at least six months before signing up for Medicare to avoid accidental over-contributions. Letting your employer know and possibly switching away from a high-deductible health plan before enrolling in Medicare can help prevent mistakes.   Can You Still Contribute If You're Working Past 65?   Some individuals continue working beyond age 65 and may wonder if they can keep adding to their HSA. The answer depends on two main factors: your (or your spouse's) participation in a qualified employer-sponsored health plan, and whether you are receiving Social Security or railroad retirement benefits. If you're still working and covered by a group plan with at least 20 employees, you can delay Medicare enrollment and keep contributing to your HSA. However, as soon as you start receiving Social Security or railroad benefits, you're automatically enrolled in Medicare Part A, meaning you must halt HSA contributions—even if you're still working. Carefully timing your Social Security enrollment can help maximize your HSA benefits. Making Tax-Free Withdrawals: Qualified Expenses After 65   Once you turn 65, your HSA is yours for life, even though contributions must stop. Withdrawals for qualified medical expenses remain tax-free—these include doctor's visits, prescription drugs, dental and vision care, hospital stays, Medicare Part B, Part D, and Medicare Advantage premiums, but not Medigap premiums. For example, if you and your spouse spend $500 monthly on Medicare premiums, you could take $6,000 out of your HSA tax-free each year. Long-term care costs, including insurance premiums and care expenses, can also be paid with HSA funds within certain annual limits based on your age. These limits increase with age, reaching $6,200 per year for those 71 and older as of 2026. What Happens to Your HSA After You Die?   Upon death, if your spouse is the named beneficiary of your HSA, the account simply becomes theirs—with all tax advantages preserved. For any other named beneficiary, the HSA must be cashed in and its balance treated as ordinary income, losing its tax-preferred status. If no beneficiary is named, the HSA passes to your estate, triggering potentially higher taxes and delays in distribution.  Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE    Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact   Subscribe to Retire With Ryan  

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In this episode, Kevin discusses the future of Social Security, Medicare, and the importance of financial planning for retirement. He shares insights on policy changes, personal finance strategies, and how to prepare for potential benefits cuts. 480-406-3396 Silver Leaf FinancialSee omnystudio.com/listener for privacy information.

Professional pilots can accumulate more than just 401(k)s, IRAs, Roth accounts, and brokerage accounts over the course of a career.Airline benefits can also include Health Reimbursement Arrangements, Retiree Health Reimbursement Arrangements, deferred compensation plans, market-based cash balance plans, Employee Stock Purchase Plans, and other employer-linked accounts that work differently from the accounts pilots manage directly.In this episode of Pilot's Portfolio, Timothy P. Pope, CFP® breaks down how these benefits fit into a broader financial plan. He discusses healthcare funding, spill cash, deferred compensation, employer risk, cash balance plans, discounted company stock, and how a small speculative “play account” can be kept separate from the assets doing the heavy lifting.The goal is to help professional pilots better understand what these accounts do, where they may create value, and how they may fit alongside the rest of the household portfolio.Get more insights and takeaways from this episode on our newsletter article!If you're enjoying Pilot's Portfolio and finding these conversations helpful, we'd really appreciate a 5-star review on your podcast platform of choice. It helps more professional pilots and their families discover the show:Apple Podcasts: https://podcasts.apple.com/us/podcast/pilots-portfolio/id1718915375Spotify: https://open.spotify.com/show/5p2Tkf16Q9lV693lHV4Zo9Have a question you'd like Timothy to address, or want to explore how 360 Aviation Advisors helps professional pilots plan around taxes, retirement, investments, and life transitions?Schedule An AppointmentOur Practice's WebsiteContact Us: info@pilotsportfolio.comThis episode is sponsored by: Beacon RelocationBeacon Relocation is a real estate firm helping pilots and air traffic controllers save money on their real estate transactions. By tapping into their network of over 1,500 real estate agents across the country, pilots can save 20% of the real estate agent's commission towards your closing cost on the sale or purchase of your home. Visit https://www.beaconrelocation.com/ to learn more.Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot's Portfolio, in its separate and individual capacity.We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. We assume no responsibility for information contained on this website and disclaim all liability in respect of such information, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements.Links to external websites are provided solely for your convenience. We accept no liability for any linked sites or their content and remind you that we have no control over their content. When visiting external web sites, users should review those websites' privacy policies and other terms of use to learn more about, what, why and how they collect and use any personally identifiable information.Usage of this content constitutes an explicit understanding and acceptance of the terms of this disclaimer. 

Kelley covers mistakes to avoid in retirement planning including thinking you can beat the market, keeping all money in cash, and improper diversification. She also runs down a good list of important considerations to check off before launching retirement and discusses five things everyone needs in a retirement plan. 800-810-8060 California Wealth AdvisorsSee omnystudio.com/listener for privacy information.

À Marseille, la consommation de crack a fortement augmenté ces derniers mois avec de plus en plus de consommateurs dans la rue. Après un été caniculaire, les habitants du Ier arrondissement de la ville sont à bout, tous les jours témoins de prostitution et de consommation de drogue à ciel ouvert. Ils réclament l'ouverture d'une Halte soins addiction (HSA) pour prendre en charge les consommateurs qui vivent dans la rue, deux ans après l'abandon du projet. De notre correspondante à Marseille,  En ce dimanche matin de septembre, les habitants du square Labadié ont décidé d'organiser un vide-greniers sur une place d'ordinaire plus utilisée pour la consommation de crack et le trafic de drogue. « Avec la canicule, on a dû ouvrir nos fenêtres et dormir les fenêtres ouvertes, avec des cris de douleur à toute heure de la nuit, soudains et brusques, des filles qui se font ramasser, qu'on retrouve en sang, sans les dents, des gens qu'on retrouve complètement inanimés sur le pas de nos portes, en plein soleil », déplore Jacques-Antoine, habitant du quartier. Des exemples, Jacques-Antoine en a plein. À son stand d'information, il écoute patiemment les souffrances de ses voisins : « Ça tape aussi sur les nerfs de tout le monde. Je discute avec des gens qui sont au bord du burn-out. » Le Sleep In, qui disposait de 15 places d'hébergement et proposait des consultations médicales dans le quartier de la gare, a fermé en mai pour travaux, sans offrir de solution alternative. Pour Josette, qui habite le quartier depuis 1974, cette fermeture a provoqué un déclic : « C'est le résultat de la fermeture. Donc, pour ceux qui ne veulent pas qu'il y ait des lieux comme ça, ils ont bien tort, parce que ça permet quand même de prendre en charge les personnes en très grande difficulté. Je ne voudrais pas de la répression, mais qu'on s'occupe de ces personnes, qu'on les accompagne, qu'il y ait d'autres Sleep In. » Impuissants face à la situation, les habitants se sentent abandonnés. Ils subissent au quotidien des images violentes, des cris, et voient, sur le pas de leur porte, des personnes à la rue extrêmement vulnérables. Murielle milite pour l'ouverture d'une Halte soins addictions (HSA), une salle de consommation de drogues, et a décidé de s'engager dans une association qui effectue des maraudes : « Il y a un dispositif qui offre quelques logements, quelques hébergements, qui vient d'ouvrir, et on peut observer à quel point ça va vite, beaucoup mieux. J'en connais certains qui, en l'espace d'une semaine, se sont transformés et vont beaucoup mieux. Et ça, ça fait plaisir et ça démontre que l'accès au logement est la priorité. » « Quand on vit dans la rue, consommer une substance qui va nous faire oublier cette situation, c'est une logique de survie » De son côté, Hassin a été cantonnier dans le quartier. Lors de ses tournées, il collectait systématiquement des seringues et d'autres matériels usagés : « Quand j'étais au chômage, je ramassais une moyenne de 10 seringues par jour. C'est une catastrophe. Ce n'est pas passible de ne pas s'en occuper. Il faut protéger nos enfants et nos animaux. » Les consommateurs de crack sont de plus en plus jeunes, avec de plus en plus de femmes, remarque Marianne Poisson, coordinatrice de Tempo pour Médecins du Monde, un dispositif qui vise à réunir et à coordonner toutes les structures d'aide socio-médicale : « La consommation de substances est une échappatoire, c'est une logique de survie, en fait, dans la rue. C'est totalement corrélé à la précarité, à la vulnérabilité croissante des publics concernés. Quand on vit dans la rue, qu'on n'a pas d'autre perspective que la rue, la débrouille, etc., ben honnêtement, consommer une substance qui va nous faire oublier cette situation, c'est une logique de vie. En fait, c'est une logique de survie. » Le maire divers gauche de la ville, Benoît Payan, a saisi le Premier ministre avant l'été pour demander la mise en place d'un plan interministériel dédié à la prise en charge des scènes de consommation à Marseille… Une lettre restée, pour l'instant, sans réponse. À lire aussiDrogue à Marseille, anatomie d'un système urbain

Friday's listener questions cover the kind of decisions that sound simple until the details arrive. Don weighs the ease of Vanguard's total bond fund against building a Treasury ladder, and explains why convenience can be a perfectly sensible investment feature.Then it's overseas: how much international stock exposure belongs in a diversified portfolio, and why no single U.S./international split is scientifically “right.” The show also sorts out HSA investing, beneficiaries, and the rule for holding more than one HSA.Finally, Don explains why a large RMD and tax puzzle needs a real written plan, then helps a listener nearing retirement compare a two-fund portfolio with a Vanguard target-date fund.0:46 Friday Q&A begins2:24 Listener feedback on the show's music4:20 BND versus a Treasury ladder9:01 U.S. versus international stocks12:59 How to invest and inherit an HSA16:24 Preparing a large portfolio for RMDs20:08 Two funds or a target-date fund near retirementQuestions? Comments? Click!

What if some of the most effective retirement strategies are the ones investors ignore? In this episode, Mike Douglas discusses five often-overlooked planning moves that can have a meaningful impact on retirement preparation, including consolidating accounts, capturing the full employer match, evaluating Roth conversions, maximizing HSAs, and planning for long-term care. Mike explains why these strategies may not generate headlines but can play an important role in organizing assets, improving tax efficiency, and preparing for future healthcare and retirement income needs. Schedule your complimentary appointment today: MichigansRetirementCoach.com Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

At 28, Joe has gone from roughly $120,000 in student loan debt to a positive $70,000 net worth—but now he faces a major personal finance decision: should he aggressively pay off student loans or keep investing for retirement? Brian and Bo break down his budget, Roth IRA, HSA, Bitcoin, side hustle income, savings rate, debt avalanche strategy, and Coast FIRE goals to build a financial plan for his 30s. If you're wondering how to pay off student loan debt, whether to invest while paying off debt, or how much you should save in your 20s, Joe's financial journey shows just how powerful intentional money decisions can become.⁠⁠⁠⁠ 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Police are searching for those involved in a knife fight on Canal Drive. The trial of a doctor accused of manslaughter enters its second week. The Premier concludes an OT trip ahead of the BOT Joint Ministerial Council meeting in the UK in November. Plus we learn more about HSA recommendations at the latest PAC hearing and a casting call is looking for a Caymanian girl to join a feature film set to be filmed in Cayman next year.

After surviving five years inside a satanic ritual-abuse trafficking network as a young child, Lynne Scott Haggerman shares the encounters with Jesus and angels that shaped her life, the message she says God gave her as a command to “Heal My People,” and the unshakable truth she shares with Brad that God's children are not for sale. . Now a leading LifeWave distributor donating X₂O systems and X39 wellness patches to organizations helping rescued children heal, Lynne joins Brad Wozny for a powerful conversation about faith, restoration, and the sacred responsibility before us now...to stand for the innocent, restore what darkness tried to destroy, and help ensure every rescued child knows they were never forgotten by God...that there is hope, healing, and an incredible life still waiting to be lived. .

Get your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth   Thinking about retiring in 2027? Before you pick your last day of work, there are several financial planning opportunities worth considering. Your exact retirement date can affect more than just your final paycheck. Bonuses, pension benefits, employer retirement contributions, health insurance, Medicare, taxes, Social Security, and even Roth conversion opportunities can all be influenced by when you leave your employer. In this episode, Tyler Emrick, CFA®, CFP®, walks through seven things to consider before deciding exactly when to retire. In this episode, Tyler covers: Why your retirement date shouldn't be chosen arbitrarily. Bonuses, stock compensation, pension milestones, and other benefits you could leave behind. How your final paychecks can potentially be used to maximize 401(k) and HSA contributions. Why employer matching and true-up provisions matter. How to bridge health insurance between work and Medicare. Why retiring in December versus January or February can produce different tax-planning opportunities. Why retiring from work and starting Social Security or a pension don't have to happen at the same time. How to balance financial optimization with actually being ready to retire. Have questions? Need help making sure your investments and retirement plan are on track? Click to schedule a free 20-minute call with one of True Wealth's CFP® Professionals. http://bit.ly/calltruewealth

A man slaughter trial continues, and HSA doctors take the stand, plus following its loss in the Court of Appeal, C3 Pure Fibre is taking its fight against OfReg to Privy Council. We learn more about the PAC's review of past auditor general reports on Government performance. A man is sentenced after admitting to having a gun, while his girlfriend is freed by the Grand Court.

We're back! We've been gone for months, and a lot of you have asked where we've been. The answer starts with a freak accident at Beau's baseball practice, but that's only the beginning. What followed was surgery, months without being able to walk, a crash course in pain management, caregiving, muscle loss, mental health, and learning the limits of “for better or worse.” Julien starts with his side of the story here. Kiersten joins him in Part 2. In this solo episode, he shares:what happened the day of the accident and why getting his pain under control was more complicated than expectedhow a problem with his IV changed his experience in the hospitalwhat it felt like to suddenly depend on other people for everyday thingshow quickly his body changed after weeks of limited mobilitywhat he learned about managing strong prescription pain medication during recoverythe mental health side of recovery that he completely underestimatedwhat it meant for Kiersten to become his caregiver while still holding everything else downwhy community support became such an important part of getting through ithow different a medical emergency feels when you have the financial room to stop and healwhat using an HSA during a real medical emergency taught him that years of talking about HSAs never couldThis wasn't the break we planned to take, but it gave us plenty to come back and talk about.  Connect with Julien and Kiersten on our website, Instagram, Twitter, and YouTube.Join our email list to get updates from us, opportunities for discounts, freebies and a quick rundown on the relevant financial and career news impacting your life.Get our book Cashing Out: Win the Wealth Game by Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by ForbesIf you would like to learn more about investing, check out our newest class, Making Money Grow

In this episode of Money Meets Medicine, hosts Dr. Jimmy Turner and Justin Harvey tackle three listener questions on personal finance for physicians. They discuss whether HSA-eligible plans make sense during high healthcare-usage periods like pregnancy, charitable giving strategies including donor advised funds and tax-efficient gifting of appreciated securities, and when physicians with significant net worth should consider stopping life and disability insurance premiums. The hosts emphasize personalized decision-making based on individual circumstances, consistently recommending listeners consult qualified financial professionals before making major financial decisions.Resources:Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA Every doctor needs own-occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability Want to get started on your financial literacy journey? Download a free copy of The Physician Philosopher's Guide to Personal Finance. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What if the work of building wealth doesn't start when you make the money, but the second it hits your account?Making a lot of money and building wealth aren't the same thing, and the gap between them is where most entrepreneurs lose what they've earned.In this episode, I walk you through 19 tax strategies and wealth building methods I'm using as a coaching business owner and mom of almost two. I share the exact business structure I operate under, the accounts and deductions I use every year, and how I invest on my kids' behalf so they start adulthood with assets already in their name. I talk about what I'm actively doing, what I'm exploring, and what's on my radar as the business grows, and none of it's complicated. It all comes down to being intentional with money instead of only being good at making it.You'll discover:How the right s corp structure can save seven-figure earners tens of thousands in self-employment taxesWhy putting your family on payroll, with legitimate roles, becomes one of the smartest decisions for their financial futureHow I use retirement contributions to shelter income and build a nest egg at the same timeWhat the Augusta Rule lets you do with your own home for up to 14 tax-free days a yearWhy the HSA is one of the most underrated accounts you own, and how I max mine outHow writing off travel, education, and mentorship adds up more than you'd expectWhy proactive tax planning with your EA beats meeting them once a year and getting surprisedWhy I'm watching real estate as a long-term way to shelter income and build assetsIf you've been searching for tax strategies, wealth building, and a way to turn a growing online coaching business into a financial legacy, this one will help you ask better questions and spot the tax savings you're probably leaving on the table.To being heard and seen, Carly

A jury continues to hear the crowns evidence in the case of a former HSA doctor charged with manslaughter of a patient in his care. A new digital tracking system is being introduced as government works to address delays in responding to Auditor General recommendations. Plus CBC officers complete an intense training in Cayman Brac.

Medical costs can be unpredictable — but how you pay for them doesn't have to be. If you have an HSA or FSA, you may have access to more benefits than you realize. In this episode, discover three surprising ways to make your health care dollars work harder.   To support more content like this, and get valuable benefits and discounts, become an AARP member at aarp.org. And don't forget to subscribe for more tips and tricks to help make your life a little easier — and happier!

Learn how high earners could prioritize their money across seven steps, from income growth to backdoor Roth strategies. Your Next Dollar host Andrew Giancola and NerdWallet Wealth Partners CEO Ryan Sterling walk through the seven-step Your Next Dollar Blueprint — an order of operations high earners could follow to prioritize their savings across accounts, from growing income and building an emergency fund to maxing out an HSA, 401(k), mega backdoor Roth, and more.  Download the Your Next Dollar Blueprint at nerdwalletwealthpartners.com/blueprint  Interested in working with a financial advisor? Visit nerdwalletwealthpartners.com NerdWallet Wealth Partners, LLC (“NWWP”) is an SEC-registered investment adviser. Registration does not imply skill or training nor does it constitute an endorsement by any securities regulator.  The content presented by NWWP is for informational and educational purposes only and is not intended as personalized investment, tax, or legal advice to any person. The views, strategies and examples discussed are intended to be general in nature, may not reflect the experience of any particular client, are subject to change at any time based upon market or other conditions and may not be suitable for every individual. All investments involve risk, including potential loss of principal invested. Investment past performance is not a guarantee of future results. Before making any investment decision seek advice from a qualified investment, legal or tax professional. Subscribe to Smart Money's free email newsletter for bonus content and more from our hosts at https://smartmoney-nerdwallet.beehiiv.com/  To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. *The show notes were created with the assistance of AI. They have been reviewed by our editorial team for accuracy and quality. Learn more about your ad choices. Visit megaphone.fm/adchoices

As pilots move through their careers, financial accounts can start to build up across different stages of life.A current 401(k) or TSP. Old employer plans. Rollover IRAs. Roth accounts. Backdoor Roth opportunities. An HSA. A taxable brokerage account. Spouse accounts. Each one may have been opened for a good reason, but over time the full picture can start to feel scattered.In this episode of Pilot's Portfolio, Timothy P. Pope, CFP® begins a practical account-by-account conversation for professional pilots and their families.Timothy walks through 401(k)s, TSPs, pre-tax and Roth contributions, after-tax contributions, mega backdoor Roth planning, IRAs, rollover IRAs, Roth IRAs, HSAs, and taxable brokerage accounts. He also explains why old IRAs can complicate backdoor Roth contributions, why brokerage accounts can provide flexibility, and why investment placement across account types can matter for taxes.This is the first part of a short account-focused series. Future episodes will continue with employer-sponsored tools such as deferred compensation, market-based cash balance plans, ESPPs, and account strategies for children.Get more insights and takeaways from this episode on our newsletter article!If you're enjoying Pilot's Portfolio and finding these conversations helpful, we'd really appreciate a 5-star review on your podcast platform of choice. It helps more professional pilots and their families discover the show:Apple Podcasts: https://podcasts.apple.com/us/podcast/pilots-portfolio/id1718915375Spotify: https://open.spotify.com/show/5p2Tkf16Q9lV693lHV4Zo9Have a question you'd like Timothy to address, or want to explore how 360 Aviation Advisors helps professional pilots plan around taxes, retirement, investments, and life transitions?Schedule An AppointmentOur Practice's WebsiteContact Us: info@pilotsportfolio.comThis episode is sponsored by: Beacon RelocationBeacon Relocation is a real estate firm helping pilots and air traffic controllers save money on their real estate transactions. By tapping into their network of over 1,500 real estate agents across the country, pilots can save 20% of the real estate agent's commission towards your closing cost on the sale or purchase of your home. Visit https://www.beaconrelocation.com/ to learn more.Timothy P. Pope is a Certified Financial Planner™and principal owner of 360 Aviation Advisors, LLC (“360 Aviation Advisors”), a registered investment advisory firm. Investment advisory services are provided through 360 Aviation Advisors, in its separate and individual capacity as a registered investment adviser. Podcast episodes are provided through Pilot's Portfolio, in its separate and individual capacity.We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. We assume no responsibility for information contained on this website and disclaim all liability in respect of such information, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements.Links to external websites are provided solely for your convenience. We accept no liability for any linked sites or their content and remind you that we have no control over their content. When visiting external web sites, users should review those websites' privacy policies and other terms of use to learn more about, what, why and how they collect and use any personally identifiable information.Usage of this content constitutes an explicit understanding and acceptance of the terms of this disclaimer. 

⁠⁠⁠⁠Retirement planning may need a major rethink as longer lifespans and earlier retirement stretch what was once a standard 30-year retirement into 40 years or more. Rebie and Bo explain how longevity risk, inflation, bear markets, healthcare expenses, required minimum distributions, Social Security taxes, Medicare IRMAA surcharges, and the widow's tax can affect your retirement income. Plus, learn how tax diversification, the three-bucket strategy, HSA investing, and strategic Roth conversions can help create a more resilient retirement plan. If you're wondering how much you need to retire, when to retire, or how to make retirement savings last, this is where to start. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Medicare may be one of the most important—and confusing—financial decisions you make in retirement. Between enrollment deadlines, late penalties, Medicare Advantage, Medigap, prescription coverage, and income-based premiums, there are plenty of decisions to navigate. And because some choices can have long-term financial consequences, understanding the basics before you enroll is an important part of wise stewardship. Eddie Holland, Senior Private Wealth Advisor and Partner at Blue Trust, as well as a CFP®, CPA, and Certified Kingdom Advisor®, recently joined Faith & Finance to help simplify Medicare and explain some of the most important planning considerations. Understanding Medicare Parts A, B, C, and D A good place to begin is with Medicare's different parts. Medicare Part A primarily covers hospital-related care, including inpatient hospital stays, skilled nursing care, and hospice. For people who have accumulated the required work credits through either their own employment or their spouse's, Part A generally does not require a monthly premium. Medicare Part B covers many medical services outside the hospital, including doctor visits, lab work, and outpatient procedures. Unlike Part A, Part B generally carries a monthly premium, and higher-income retirees may pay more. Medicare Part D covers prescription drugs. Those enrolled in Original Medicare—Parts A and B—can generally purchase a separate Part D prescription drug plan. Medicare Part C, better known as Medicare Advantage, is offered through private insurance companies. These plans combine Parts A and B and often include Part D prescription coverage as well. Some plans may also offer additional benefits such as dental or vision coverage. Another option for those using Original Medicare is a Medicare supplement plan, commonly called Medigap. These private plans are designed to help cover some of the deductibles, copayments, and other expenses that Original Medicare does not pay. Pay Close Attention to Enrollment Timing Timing matters when enrolling in Medicare. Your Initial Enrollment Period generally lasts seven months: the three months before the month you turn 65, your birthday month, and the three months afterward. But turning 65 does not always mean you have to immediately leave employer-sponsored health coverage. If you or your spouse are still working and you have qualifying employer coverage, you may have access to a Special Enrollment Period, allowing you to delay certain portions of Medicare without facing a late enrollment penalty. Holland notes that employer size and the nature of the coverage can affect how Medicare coordinates with the employer plan. That makes it important to speak with your employer's benefits or human resources department before making assumptions about which coverage should come first. Employer Size Can Make a Difference If your employer has 20 or more employees, the employer health plan may generally remain the primary payer while you continue working, potentially allowing you to postpone Part B and its monthly premium. With an employer of fewer than 20 employees, Medicare may become the primary payer once you are eligible. In that situation, failing to enroll in Parts A and B could potentially leave gaps in coverage. You should also verify whether your employer's prescription drug coverage is considered creditable coverage for Medicare purposes. That can be especially important if you plan to delay Part D beyond age 65. The larger lesson is simple: Medicare decisions should rarely be made in isolation. Your employer coverage, retirement date, spouse's coverage, prescription needs, and other factors all need to be considered together. What Is IRMAA? For higher-income retirees, another important acronym to know is IRMAA, or the Income-Related Monthly Adjustment Amount. IRMAA is an additional charge added to Medicare Part B and Part D premiums when modified adjusted gross income exceeds certain thresholds. For 2026, Holland notes that IRMAA begins above $109,000 in modified adjusted gross income for single filers and $218,000 for married couples filing jointly. Medicare generally bases the surcharge on the most recent tax information available, which often means looking back two years. So, for example, 2026 Medicare premiums may be based on income reported on a 2024 tax return. That two-year lookback can surprise people whose financial situation has recently changed. If your income has fallen because of certain qualifying life-changing events, such as retirement, marriage, or widowhood, you may be able to request a reconsideration of the surcharge using Social Security Form SSA-44. Roth Conversions Can Affect Medicare Premiums IRMAA can also become an important consideration when planning Roth conversions. Suppose you retire before age 65 and decide to convert a significant amount of traditional IRA money to a Roth IRA. The conversion increases your taxable income for that year. Because Medicare looks back at previous tax returns when determining IRMAA, a large Roth conversion in the years immediately preceding Medicare enrollment could lead to higher Part B and Part D premiums later. That doesn't necessarily mean you shouldn't complete the conversion. It simply means you should include the potential Medicare impact in the calculation. Tax planning, retirement planning, and Medicare planning are often interconnected. A decision that makes sense in one area can create consequences in another. Be Careful With HSA Contributions Health Savings Accounts require special attention as you approach Medicare eligibility. Once you are enrolled in Medicare, you can no longer contribute to an HSA. If you enroll around age 65, you need to coordinate the end of your HSA contributions with the beginning of your Medicare coverage. The issue becomes even more important for those who enroll after age 65 because Medicare Part A coverage can sometimes be applied retroactively, potentially affecting HSA eligibility for previous months. Holland recommends understanding the retroactive period before enrolling so you don't inadvertently make excess HSA contributions. Social Security can complicate matters further. If you begin receiving Social Security benefits, you may automatically be enrolled in Medicare Part A. Anyone who is still contributing to an HSA should account for that before applying for Social Security. The good news is that money already accumulated in an HSA remains tax-advantaged and can still be used for many qualified medical expenses in retirement, including certain Medicare premiums. Holland notes, however, that HSA funds cannot be used tax-free to pay Medigap premiums. What If One Spouse Reaches Medicare Age First? Married couples can face another challenge when one spouse becomes eligible for Medicare while the other is still several years away. If the older spouse continues working, the employer plan may continue covering both spouses. Some companies also provide retiree benefits that extend coverage to a younger spouse after the older spouse retires. If employer coverage isn't available, COBRA may provide temporary coverage, although it can be expensive. Another possibility is purchasing insurance through the federal or state health insurance marketplace, where the younger spouse may qualify for premium subsidies depending on household circumstances. Whatever option you choose, don't overlook the cost. If one spouse retires several years before the other reaches Medicare eligibility, higher healthcare premiums may need to become a deliberate part of the retirement budget. Make Medicare Part of Your Larger Retirement Plan Medicare isn't simply a healthcare decision. It can affect your taxes, retirement income, Social Security strategy, HSA contributions, and monthly spending. That's why careful planning before age 65 can be so valuable. Understand what each part of Medicare covers. Know your enrollment windows. Talk with your employer before leaving workplace coverage. Consider the impact of your income on Medicare premiums. And coordinate decisions involving HSAs, Roth conversions, Social Security, and your spouse's health coverage. Medicare may be complicated, but you don't have to approach it blindly. Taking the time to understand your options can help you avoid costly mistakes, choose coverage that fits your circumstances, and steward the resources God has entrusted to you with greater wisdom and confidence. On Today's Program, Rob Answers Listener Questions: I have a mortgage and a car loan and am considering consolidating them into one payment. Is that a good idea, and what type of loan would make sense? I received a letter saying my student loans were placed in permanent disability status, but I never applied for that. How can I verify whether it's legitimate and correct the situation if needed? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) Blue Trust Christian Healthcare Ministries (CHM) | Healthcare.gov AnnualCreditReport.com FaithFi Field Guide: How Much Money is Enough? Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every weekday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Every lifeguard learns the same thing before they are allowed near the water. You do not swim into someone's arms. A panicking person will climb you, and then there are two people in trouble instead of one, so you bring something that floats and you keep it between you. Nobody watching from the sand thinks the lifeguard is being stingy about it. This week we talk about aging parents who are running out of money, and what a physician's household has to keep standing while it helps. We also answer your colleagues' questions. A Surgeon in Pennsylvania says, “I currently have a HDHP with an HSA and contribute the family amount since my son is also on my insurance. He will drop off mid-year and I will then have single coverage. Does this affect my HSA contributions?” A Urologist in Minnesota wonders, “Our oldest starts college next fall and the 529 has more in it than I expected. How do we actually spend it, and do we tell him what's in there?” A Radiologist in Illinois asks, “I inherited an after-tax retirement annuity from my dad. What is it?” Are you ready to turn worries about taxes and investing into a plan for college and retirement? If you're evaluating your options and want to learn more, visit physicianfamily.com and click 'Get Started' or you can ask a question of your own by emailing podcast@physicianfamily.com. See marketing disclosures at physicianfamily.com/disclosures

This episode brought to you by Abound Wealth. Take the relationship to the next level and become a client: https://moneyguy.com/become-a-client/ At 27 years old, Melissa has already built a $61,000 net worth on a $65,000 salary—proving you don't need a six-figure income to build wealth. Brian and Bo break down her investing strategy, Roth IRA contributions, 401(k), HSA, emergency fund, car loan, and savings rate while showing how small financial decisions compound into long-term financial independence. They also discuss the Financial Order of Operations (FOO), whether to prioritize investing or paying off debt, and how someone earning a moderate income can still become a millionaire through consistent investing and smart money habits. If you're building wealth in your 20s or 30s, this episode offers practical personal finance lessons you can apply today. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode: A retired CPA has one warning for his friends. Greg breaks down why taxes get trickier after you stop working — and where DIY filers tend to slip up. Wall Street has a $3 trillion headache, and it's your cash. Greg unpacks why advisors get uneasy when money moves to the sidelines, and how much risk retirees really need. A listener in Indianapolis has a growing HSA and a big decision. Greg talks through whether to let it compound or put it to work now. A dripping faucet can fill a swimming pool. Greg uses that image to explain how small percentage fees quietly add up, and how a fee analysis reveals what you're paying. Subscribe or follow so you never miss an episode! Check out Fire Your Financial Advisor on YouTube! Learn more at GoldenReserve.com or follow on social: Facebook & LinkedIn.See omnystudio.com/listener for privacy information.

It's Friday Q&A—with a small experiment. Don slips one AI-generated voice among the listener questions and challenges you to identify the robot, with his complete two-book library hanging in the balance.The financial questions are thoroughly human: where to keep a future car fund, whether an $11,000 Roth-conversion program earns its fee, when children can fund Roth IRAs, and what happens when bond holdings move from a traditional IRA into a Roth.Don also tackles the enviable problem of an oversized HSA, its inheritance rules and post-65 flexibility, plus the timing tradeoff for Social Security survivor benefits.0:46 — Friday Q&A and the find-the-robot challenge4:03 — Where should a $70,000 car fund live?7:21 — Is an $11,000 Roth-conversion plan worth it?9:39 — Roth IRAs for children—and newborns11:13 — Bonds that move into a Roth conversion13:54 — The $500,000 HSA problem16:43 — When a surviving spouse should claim Social SecurityQuestions? Comments? Click!

"Retirement investing and general investing are not the same thing, even though most of us use the words interchangeably. A Roth IRA and a 401k get you started, but they only cover one branch of a much bigger system — the money you'll need for health expenses, your kids' future, and the goals that hit before retirement, like a house down payment, a sabbatical, or supporting your parents.This episode breaks down the four branches of investing: retirement, health (HSA), kids (529s, custodial accounts), and general/midterm investing through a brokerage account — plus why the taxes on a brokerage account are actually working in your favor, not against you.✅ Why retirement investing doesn't have to feel until your 40s or 50s✅ How a brokerage account funds midterm goals (house down payment, sabbaticals, supporting your parents) without touching your retirement accounts✅ The tax hack that comes with investing in a brokerage accountLet's stay connected: Website: www.buildinggenwealth.com Instagram: @building.gen.wealth Learn more about 1:1 Money Coaching: www.buildinggenwealth.com/moneycoaching

Dr. Karen Litzy sits down with Jennifer Burnham Grubbs, founder of Ionava, to unpack why traditional health insurance often penalizes healthy people instead of rewarding them. Jennifer draws on 21 years in the insurance industry to explain what she saw, why she built a new financial category, and how Ionava is designed to reward health-conscious behavior with greater flexibility and less friction. We discuss why healthy people often get poor value from insurance, how Ionava differs from HSAs, FSAs, and health sharing ministries, and how its wallet-based model is meant to make health financial preparedness more practical.   Key topics   Jennifer explains why she built Ionava after two decades as an insurance broker and consultant, including seeing denied coverage, surprise billing, and confusing utilization patterns firsthand. The episode explores the idea that healthy people often subsidize the system without getting a meaningful return, even when they follow preventive care recommendations. Karen and Jennifer compare traditional insurance with a "good driver discount" model, highlighting how insurance rarely rewards healthier behavior. Jennifer explains why Ionava is not health insurance or an HSA, but a new financial category built around health, financial preparedness, and wellness spending. The conversation covers how Ionava's wallet works, including how users can spend on qualifying health and wellness expenses, from gym memberships to supplements and cosmetic wellness categories. Jennifer contrasts Ionava with HSAs and FSAs, emphasizing that Ionava is funded through the subscription and is designed to roll over rather than expire. They also discuss health sharing ministries and why Ionava was built to be secular and broadly accessible rather than tied to religious attestation. Jennifer explains the health score quiz, how it helps price vaults, and why Ionava currently starts with the healthiest applicants to maintain actuarial discipline. The episode dives into pre-existing conditions, how current health status affects eligibility, and why some people may be asked to wait as the pool expands. Karen and Jennifer unpack how Ionava avoids the network and contracted-rate limitations that shape traditional insurance, including why cash-based purchasing offers more flexibility across states and even internationally.   Timestamps   00:00 - Why healthy people feel punished by the insurance system 01:13 - Jennifer's 21 years inside insurance and what she saw 02:40 - Denials, surprise bills, and the pain points that shaped Ionava 03:30 - Why there is no "good driver discount" for health 05:01 - Why most people never get their money's worth from insurance 06:18 - Preventive care that still triggers hidden costs 07:16 - The problem with opaque medical pricing 08:38 - Why innovation often falls outside traditional coverage 09:27 - Why Jennifer first tried to fix insurance from the inside 11:43 - The limits of claims help and out-of-network gaps 13:42 - Why the private sector had to build a new answer 14:15 - What "health financial preparedness" means 15:39 - Health as physical, mental, and financial readiness 16:41 - Why people still buy insurance even when they hate it 17:12 - Ionava as an alternative or layered financial strategy 18:28 - How Ionava differs from HSAs 20:20 - Why Ionava is more like a funded debit wallet 21:46 - What counts as a qualified spend 22:10 - Why FSAs can feel like a use-it-or-lose-it trap 23:34 - Why Ionava rolls over and rewards healthy behavior 24:17 - How Ionava differs from health sharing ministries 26:36 - Why the health score exists 27:34 - How vault pricing works and why rates are locked for life 29:01 - Optional biometrics and earning more on your wallet balance 30:29 - How Ionava thinks about pre-existing conditions 31:57 - Why some applicants may be asked to come back later 33:11 - Beauty, fitness, and wellness spending inside the wallet 34:37 - The support system for new users 36:15 - Why Ionava is different from reimbursement-based models 37:37 - How insurance networks and contracted rates really work 41:04 - Why Ionava uses cash pricing worldwide 42:39 - Jennifer's weekly wellness spend: supplements 43:18 - The biggest myth healthy people believe about insurance 43:47 - Why she wants HSAs to fund Ionava vaults 44:18 - Books that shaped her thinking: The Go Giver and Give and Take 46:10 - Gardening, herbs, and staying grounded while building a company 47:18 - Where to learn more about Ionava and reserve a vault   More About Jennifer:   Jennifer (Azar) Burnham-Grubbs, is the Founder and CEO of Quantum Insurance Services and the Founder of ionava. She's spent 21 years inside the insurance industry as a fiduciary broker, managing over $100 million in insurance products for clients ranging from professional athletes and C-suite executives to everyday families. She's also the co-founder of Womxn of Wealth, a nonprofit dedicated to building women's financial acumen. After more than two decades inside the system, she launched ionava — a new financial category built for the healthy consumers the insurance system overcharges and underserves. She's a Princeton grad, based in Los Angeles   Resources from this Episode: Ionava Website Jennifer on LinkedIn The Go Giver (book)   Jane Sponsorship Information: Book a one-on-one demo here Front Desk @ Jane Mention the code LITZY1MO for a free month   Follow Dr. Karen Litzy on Social Media: Karen's Twitter Karen's Instagram Karen's LinkedIn   Subscribe to Healthy, Wealthy & Smart: YouTube Website Apple Podcast Spotify Stitcher iHeart Radio

In this Tax Tuesday replay, Anderson Business Advisors' Barley Bowler, CPA, and Eliot Thomas, Esq. answer real-world tax questions on Roth IRA conversions, investing in real estate with retirement accounts, and depreciation after a 1031 exchange. How can you estimate the tax impact of a Roth IRA conversion before filing your 2026 tax return? Is buying real estate through an HSA, traditional IRA, or Roth IRA a smart investment strategy—and what tax rules, advantages, and potential pitfalls should you understand before moving forward? Plus, how is depreciation calculated after a §1031 exchange when you sell a rental property and acquire a replacement property? Barley and Eliot break down these questions and explain the tax considerations investors and business owners should keep in mind when planning their next move.   Would you like to learn more about passing down your estate? Schedule a free consultation here: https://aba.link/b51702  Register for the next Tax Tuesday webinar to get your questions answered Live: https://aba.link/9e733b  Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/7c2c4d    Show Notes: 0:00 Intro 9:05 When I convert a Roth IRA this year how do I determine the accurate tax impact from the conversion amount before filing the 2026 tax return? 20:18 Is it a good idea to buy real estate using your HSA, IRA, or Roth IRA accounts? What are some pros and cons and how should I proceed? 35:51 How is depreciation calculated going forward after a §1031 exchange following the sale of a rental property and purchase of a new one? 43:41 I am planning to use a HELOC from my personal residence and use the funds for my trading activity. Can I deduct the interest as investment interest under Form 4952 if I loan the money to my LLC, and what counts as "net investment income"? 1:04:05 I will have a tax loss carryforward if I elect to use Section 475(f) mark-to-market accounting method. What types of income can I offset? 1:08:51 I currently have a Living Trust that ABA set up in Wyoming, as well as an LLC. I put all my cryptocurrencies into the LLC. Is this the best way to mitigate my taxes? I paid about $2.00 per share and the value is growing substantially. What other options might be better than the LLC? 1:12:42 Is there a way to organize and structure an entity to trade a taxable account and be able to defer taxes until a cash withdrawal?

Health Savings Accounts are known for their powerful triple tax advantage. But an HSA is not the right choice for every business owner. In this episode, Tiffany explains five situations where an HSA could cost you more than it saves. You'll learn how high deductibles, regular medical bills, account fees, strict withdrawal rules, and unpredictable costs can weaken the benefits. You'll also discover when an HSA can support your tax strategies and long-term wealth planning. The best financial tool is one that fits your health needs, cash flow, and future goals. Before choosing an HSA for the tax savings, make sure you understand the full cost. Next Steps:

1044. Are rising healthcare costs ruining your budget? Laura answers a listener's question about how to maximize every tax advantage available for healthcare costs. You'll learn the rules for deducting them on your tax return or paying them with tax-advantaged savings accounts like HSAs and FSAs. We'll cover which expenses are tax-free and simple strategies to optimize your healthcare spending.Key Takeaways:You can only claim the medical tax deduction if you itemize deductions on Schedule A instead of claiming the standard deduction on your tax return.You can only deduct unreimbursed healthcare expenses that exceed 7.5% of your adjusted gross income (AGI), making the medical deduction best for years with high medical bills.Tax-advantaged medical savings accounts are powerful because they allow you to save 20% to 35% on qualified costs without claiming a medical deduction.Health savings account (HSA) balances roll over forever, can be invested for tax-free growth, and can be withdrawn penalty-free for non-medical expenses after age 65 (subject to ordinary income tax).Flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) are employer-sponsored perks for cutting healthcare costs.You cannot claim an itemized medical deduction on Schedule A for any healthcare expense paid for or reimbursed using pre-tax funds from an HSA, FSA, or HRA.Lawmakers have expanded HSA, FSA, and HRA qualified expenses to cover various over-the-counter (OTC) medications and products.Discover more from Money Girl!FacebookNewsletterTranscripts available at QuickandDirtyTips.com.Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308. Hosted on Acast. See acast.com/privacy for more information.

In today's episode, I sit down with Kashif Khan, founder of The DNA Company and author of The DNA Way, to explore how understanding your genetics can completely change the way you approach your health. Kashif breaks down DNA in a way that actually feels actionable, showing us why the same diet, workout, supplement, or wellness protocol can create completely different outcomes from one person to the next. → The DNA Company | Use code BeWell to get $50 off the DNA test kit  Topics Discussed: → How do your genes affect your health? → Can DNA determine your ideal diet? → How do genetics affect hormones? → Can your genes influence stress and sleep? → Should you test your DNA for health? → Leave Us A Voice Message!  Sponsored By:  → Timeline | Timeline's clinically proven formula is now available at a new, lower price. Mitopure now starts at $79, when you subscribe at https://timeline.com/KELLY → Be Well By Kelly Protein Powder & Essentials | Get $10 off your order with PODCAST10 at https://bewellbykelly.com. → Higher Dose | Head to https://Truemed.com/higherdose to explore their infrared sauna blankets, red light devices, and more and use code BEWELL for 15% off. Plus, qualified customers may be able to use HSA or FSA funds through Truemed to save on their purchase. → LMNT | Get a free 8-count Sample Pack of LMNT's most popular drink mix flavors with any purchase at https://drinklmnt.com/Kelly. Find your favorite LMNT flavor, or share with a friend. → Kosterina | You can shop all my favorites at https://www.kosterina.com/bewell and use code KELLY for 15% off your first order. Timestamps:  → 00:00:00 - Introduction → 00:01:47 - How Do I Take Control? → 00:03:00 - Don't Do Cardiovascular Exercises… → 00:08:29 - How Getting Sick Changed His Life → 00:15:38 - What Is DNA? → 00:19:40 - SNPs, Gene Variants + Missing Genes → 00:29:05 - Dopamine, Stress + Burnout Genetics → 00:34:00 - What Is Your Genetic Superpower? → 00:40:00 - Removing The Toxic Load → 00:45:23 - Why Testing Your Kids' DNA Could Be Helpful → 00:48:55 - ADHD + Genetics in Children → 00:53:40 - PTSD + Trauma Through Genetics → 01:03:08 - Why Kashif Created Signal Health → 01:06:09 - Health Care vs Sick Care → 01:10:26 - Achieving Longevity With Good Health Further Listening:  → Alzheimer's Starts Decades Before Symptoms…Here's Why | David Perlmutter Check Out Kashif: → The DNA Company | Use code BeWell to get $50 off the DNA test kit  → Instagram → YouTube → Facebook Check Out Kelly: → Instagram → Sweet Deal (Book) → Youtube → Facebook

Learn how to save for a home, pursue FIRE, and quiet money anxiety when every goal feels urgent at once. What does it really take to balance saving for a first home, building toward early retirement, and spending without guilt — when every goal feels like it needs to come first? Hosts Sean Pyles, CFP®, and Elizabeth Ayoola sit down with listener Hana from Portland, a super-saver putting away over $4,000 a month who still worries she's falling short. They dig into how much she actually needs for a down payment and closing costs, what makes a home a money pit rather than a sound investment, how to prioritize competing goals like the HSA, 401(k), Roth IRA, and house fund, and what it really takes to hit FIRE in 15–20 years — plus the money anxiety that makes even high savers second-guess every dollar they spend on fun. See how far your homebuying budget could take you with NerdWallet's free home affordability calculator: https://www.nerdwallet.com/mortgages/calculators/how-much-house-can-i-afford  Buying a home? Estimate the closing costs for a house of any value with this calculator: https://www.nerdwallet.com/mortgages/calculators/closing-costs  Mortgage Closing Costs: How Much You'll Pay https://www.nerdwallet.com/mortgages/learn/closing-costs-mortgage-fees-explained  First-Time Home Buyer Loans and Programs: A Beginner's Guide https://www.nerdwallet.com/mortgages/learn/programs-help-first-time-homebuyers  Want us to review your budget? Fill out this form — completely anonymously if you want — and we might feature your budget in a future segment! https://docs.google.com/forms/d/e/1FAIpQLScK53yAufsc4v5UpghhVfxtk2MoyooHzlSIRBnRxUPl3hKBig/viewform?usp=header Smart Money's YouTube Channel: https://youtube.com/@nerdwalletsmartmoney To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend. *The show notes were created with the assistance of AI. They have been reviewed by our editorial team for accuracy and quality. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you spending your time, energy, and attention on financial optimizations that barely move the needle? In this episode, Dr. Jim Dahle and Tyler Scott, President of Planning at White Coat Planning, work through a series of real listener questions, from Trump account contribution rules and gift tax exclusions to HSA family contribution limits and 457 plan quirks, and use each one to illustrate a bigger point. Some financial moves genuinely change your outcome. Others feel productive but barely register. They walk through examples of both. A listener trying to squeeze out a few extra months of tax-free growth by pre-funding a solo 401(k) contribution gets a gentle but clear answer: the impact is measured in hours, not years. Meanwhile, using a mega backdoor Roth option in that same account, or choosing tax-efficient accounts for early retirement withdrawals, can genuinely shift a retirement date by months or years. Tyler also introduces his framework of the four currencies of life, money, time, energy, and attention, and how understanding which one you're actually spending helps clarify which optimizations are worth pursuing. The takeaway is not that details do not matter. It is that knowing which details matter is the real skill. Today's episode is brought to us by SoFi, the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't easy, but that's where SoFi can help — they have exclusive, low rates designed to help medical residents refinance student loans—and that could end up saving you thousands of dollars, helping you get out of student debt sooner. SoFi also offers the ability to lower your payments to just $100 a month* while you're still in residency. And if you're already out of residency, SoFi's got you covered there too. For more information, go to https://www.whitecoatinvestor.com/Sofi SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions apply. NMLS 696891. The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and subscribe today! Host, Dr. Jim Dahle, is a practicing emergency physician and founder of The White Coat Investor blog. Like the blog, The White Coat Investor Podcast is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor-or at least know enough to not get ripped off by a financial advisor. We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, side hustles, and how everyone can be a millionaire by living WCI principles. Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter