Podcasts about individual retirement accounts

Investors are missing out on billions of dollars when they switch jobs. The reason is that many end up pulling their retirement savings out of the stock market—often without meaning to.This was the subject of a recent Wall Street Journal article which I think is important to talk about today.Many workers, when changing jobs, roll their 401k balances out of the employer plan and into an Individual Retirement Account. Many also, unwittingly, leave the balance in cash, which is a very costly mistake.Hi, I'm John Gigliello and you are listening to Invest in Knowledge, a podcast about all things financial. After a life-altering health issue at age 39, my calling in life became clear: To share my knowledge of personal finance with PEOPLE who are looking to make smart and responsible choices with their money. Only through education, action and accountability can YOU build the confidence and security YOU need to live a SATISFYING life.Today, I want to talk about the options workers have for their retirement savings when changing jobs and how to avoid costly mistakes.

What is an IRA? At what age do we need to start becoming familiar with the term? It's our first day of class, welcome to Finance 101 on the Decision Day Podcast! These bonus episodes will provide you with basic financial knowledge and terminology to help prepare you for life after high school. Honestly... we believe it's smart to open an Individual Retirement Account as soon as possible so you can start accumulating wealth to access when you're retired! (basically, the sooner the better.) In this episode my grandpa and I discuss: - How/When to open an IRA - The differences between Traditional and Roth IRAs - How to manage your money once it's in an IRA Submit your anonymous questions here: ⁠⁠⁠Google Forms⁠ Send us more money topics/questions that you'd like to understand further! Reach out to decisiondaypodcast@gmail.com or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@decisiondaypodcast⁠⁠⁠⁠⁠⁠⁠ For more: ⁠⁠⁠⁠⁠⁠⁠LeahLeverich.com⁠⁠⁠⁠⁠⁠ Thank you for listening! I can't wait to share a new perspective with you in the next episode.

Hello Grown-ups! We're taking a quick summer break before our season two finale, but while we're gone we wanted to reshare one of our favorite episodes from Season 1 of “Grown-Up Stuff: How to Adult.” It's a great companion episode to our previous episode about budgeting. So sit back, grill up some hot dogs, watch the fireworks and revisit planning and saving for retirement with our guest, CPA and Asset and Wealth Management Assurance Senior Manager, Jonah Batista from Episode 1 of Season 1 of the podcast.     See omnystudio.com/listener for privacy information.

This episode of The Angel Next Door podcast is a special edition of Minutes with Marcia. In this episode, Marcia shares a detailed behind-the-scenes look into her journey of writing the upcoming book, "Do Good While Doing Well," slated for release in September 2024. Pre-order link here.The day this episode is releasing is June 27th, which also happens to be Marcia's birthday. She is sharing her journey since so many have been asking as the book is getting ready to make it's debut. In this quick episode, she candidly discusses her unexpected plunge into the world of writing. Despite her comfort zone being more in numbers and spreadsheets, Marcia was inspired by the feedback from her TEDx Charlotte speech in 2022 and decided to extend her impact by authoring a book.This episode, the first in a two-part series titled "Minutes with Marcia Book Part 1," provides a high-level overview of Marcia's journey from speech to manuscript. She gives us a look into her process, guided by AJ Harper's extensive workshop, and discusses how she developed the book's core message and structured her content. For anyone curious about the intersection of entrepreneurship, angel investing, and philanthropy, this episode is a must-listen. Marcia shares insights on making impactful investments accessible to more people, debunking the myth that angel investing is only for the rich and well-connected. Whether you're an aspiring author, a budding entrepreneur, or someone looking to make a real difference, this episode is packed with invaluable takeaways and inspiration. Sign up for Marcia's newsletter to receive tips and the latest on Angel Investing!Website: www.marciadawood.comLearn more about the documentary Show Her the Money: www.showherthemoneymovie.comAnd don't forget to follow us wherever you are!Apple Podcasts: https://pod.link/1586445642.appleSpotify: https://pod.link/1586445642.spotifyLinkedIn: https://www.linkedin.com/company/angel-next-door-podcast/Instagram: https://www.instagram.com/theangelnextdoorpodcast/TikTok: https://www.tiktok.com/@marciadawood

Dive into an enriching conversation with Tess Waresmith as she tackles common financial myths and opens the door to investment strategies that are accessible to all. Learn how understanding and overcoming these misconceptions can lead you to a path of financial freedom.If you have any questions about this episode or want to get some of the resources we mentioned, head over to LesleyLogan.co/podcast. If you have any comments or questions about the Be It pod shoot us a message at beit@lesleylogan.co. And as always, if you're enjoying the show please share it with someone who you think would enjoy it as well. It is your continued support that will help us continue to help others. Thank you so much! Never miss another show by subscribing at LesleyLogan.co/subscribe.In this episode you will learn about:Why mastering money management is a skill you can develop regardless of your financial background.How Tess's financial missteps became her greatest lessons in achieving financial expertise.Why financial literacy and investing are crucial tools for women's financial empowerment.How to use 529 plans and Roth IRAs for smarter investing and future financial security.Understand why knowing your investment fees can significantly impact your financial growth.Episode References/Links:Wealth with Tess InstagramWealth with Tess TikTokWealth with Tess websiteSavvy Investor Starter Pack529 Plans (SEC: Updated Investor Bulletin: An Introduction to 529 Plans)The Psychology of Money by Morgan HouselGuest Bio:Tess is a financial coach and the founder of Wealth with Tess, a financial education community that helps women in their 30's and 40's learn how to grow their money using simple investing strategies so that they can retire comfortably, chase their dreams, and live life on their terms. After losing 80k in bad investments in her twenties, Tess learned everything she could about wealth building and built her net worth to 1 million as a single 35 year old woman. Now she's helped thousands of women learn how to grow their money using simple investing strategies anyone can do (even if you're short-on-time or a total newbie investor). Thousands of women have attended her free investing workshops, hundreds of women have joined her small group coaching programs, and she regularly shares simple money tips for free on instagram.  If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox. DEALS! Check out all our Preferred Vendors & Special Deals from Clair Sparrow, Sensate, Lyfefuel BeeKeeper's Naturals, Sauna Space, HigherDose, AG1 and ToeSox Be in the know with all the workshops at OPCBe It Till You See It Podcast SurveyBe a part of Lesley's Pilates MentorshipFREE Ditching Busy Webinar  Resources:Watch the Be It Till You See It podcast on YouTube!Lesley Logan websiteBe It Till You See It PodcastOnline Pilates Classes by Lesley LoganOnline Pilates Classes by Lesley Logan on YouTubeProfitable Pilates Follow Us on Social Media:InstagramFacebookLinkedIn  Episode Transcript:Tess Waresmith 0:00  Investing is one of those things that feels really complicated and out of the realm of possibility for us sometimes. But that is just because of the financial jargon. It's because of limiting beliefs. It's because of messaging. Once you actually get a basic education, you realize it's not that complicated, but I definitely did not start out that way and in my 20s actually made a whole lot of big, big investing mistakes. And that's actually why I learned what I learned now. Lesley Logan 0:27  Welcome to the Be It Till You See It podcast where we talk about taking messy action, knowing that perfect is boring. I'm Lesley Logan, Pilates instructor and fitness business coach. I've trained thousands of people around the world and the number one thing I see stopping people from achieving anything is self-doubt. My friends, action brings clarity and it's the antidote to fear. Each week, my guest will bring bold, executable, intrinsic and targeted steps that you can use to put yourself first and Be It Till You See It. It's a practice, not a perfect. Let's get started. All right, Be It babe, we are going to talk about money today. And it's so, so important I do not want you to go I'm gonna skip this one money scares me. No, no, no, this is like you'll be so amazed, so fired up. I'm so excited about what I learned on this episode like so, so excited. I'm immediately, after this, signing up for just at least what Tess just guide us, because y'all one of the reasons I love having her on, and one of the reasons I wanted to have her on is that she is really passionate about normalizing money conversations, especially for women, and investing. And I believe in being it till you see it and I believe in every single one of you having exactly what you want in this minute. And I also believe that there's a security that is needed. And a lot of times we think we're not good with money because we told ourselves a story, or we've been told a story or family told us a story and you're just gonna love Tess, you're gonna love her advice. She's brilliant. She's amazing. And she's going to help you understand how simple it can be to invest. So here is Tess Waresmith. All right, Be It babe, this is gonna be a thrilling conversation. I'm really, really excited to talk about all the things that Tess Waresmith is an expert at. So Tess, thank you for being a guest to us today and can you tell everyone who you are and what you rock at? Tess Waresmith 2:22  Sure. So my name is Tess. I am a financial educator and I rock at helping women make the most of their hard-earned money by teaching them super, super simple investing strategies and ways to grow their money, even if you're totally new to investing, totally intimidated, have little time, like so many people, and just want to learn how to make sure your money is working for you. So that's what I do. I do that through coaching, teaching, workshops, and I'll always trying to normalize money conversations as much as possible. I love that so much. On many episodes, I've been like, we have to talk about how much money we make ladies, otherwise you don't know how much money you can make at things like if we don't, we've got to normalize that conversation. So I think it's really, really important. Before we get into all that, though, I do. Because I do think that something like oh my God, investing that scares me, this is going to be above my like, level of understanding. Don't turn this off. I really want you to hear it. Can you, have you always just been amazing at money or is it just something that came natural? Were your parents like super good about telling you how to balance a checkbook? Like how did you get to be an expert?The short answer is no to all of the above. I did not learn how to manage money as a kid, I was not taught by my parents. In fact, my father was horrible with money and spent a lot of it and now is months behind on mortgage payments. So no, I did not grow up with a deep understanding of money. And I think it's important to realize that most people don't. I feel like we have this misconception around money where you're either good at it or you're not. And I hear so many people say I'm not good at money like it's a skill that you're born with. But just like anything else, it's a skill that you develop that you have to learn. And thankfully, and I'm glad you said not to turn it off when it comes to investing because investing is one of those things that feels really complicated and out of the realm of possibility for us sometimes. But that is just because of the financial jargon. It's because of limiting beliefs. It's because of messaging, once you actually get a basic education, you realize it's not that complicated, but I definitely did not start out that way. And in my 20s actually made a whole lot of big, big investing mistakes. And that's actually why I've learned what I learned now I was sort of forced to because I realized how much money I was losing by doing the wrong things that I went in a deep dive, did all this research and then I realized this crazy truth that it's actually not that hard. And so now I feel honestly morally obligated to do this work because it is so accessible to everyone, especially these days. There's so much great education. There's so many easy ways to invest. You don't have to be good at math. You don't have to be rich already. You don't have to have a ton of money to get started. You don't even need to be totally out of debt. Lesley Logan 5:01  Yes, I love that you said that. Tess Waresmith 5:05  So I'm really trying to demystify a lot of the myths around investing because there's so many and at the end of the day, we need this skill to make sure that we can unlock our full potential, chase our dreams, retire comfortably, have safety and security like that is really critical to your well being. So investing is not an optional thing. I think every woman needs to learn it. And we need to have more people providing digestible, relatable, no judgement, education. And that's what I'm trying to do.Lesley Logan 5:34  I really love that because I also love you said, you don't have to be out of debt. I think that's really important. A lot of women I talked to like, I'm almost out of debt. I don't want to, like they're not investing in their business yet because they want to be out of debt first. And I'm like, for just so I what I have learned is that they really care if you are in debt, like no one's giving you money if you can't show that you manage debt, so like, there's this like, really weird thing that we're supposed to be out of debt, when really the way your credit score works is based on how you manage debt, which is this really backed up weird thing in the US, if you're my European listeners, you're like what I just don't know what you're talking about. But can you, also I'm impressed that you were investing any money in your 20s. I was, like, desperately trying to pay rent, and my student loans up. So I feel like I, I feel like I was really late to the game and started like a 401k. I was like, at least I'm doing this I'm like at least I'm doing this. And then I talked to someone who's like you can do an IRA. And I'm like, okay, I don't know what that means. But here you go. So I feel like I am one of those people who's gonna learn a lot today because I don't even know that I'm investing as well as I could be and I definitely wish I was. So what are some of your common myths, you hear that we should just be like busting right now off the top of the show?Tess Waresmith 6:44  Well, the one common myth that you mentioned is that it's too late or you feel like you're late. And I think regardless of what age we start at, and this is like the most common belief, I feel, when it comes to investing that I talk to every woman about regardless of whether they're 25 or 50 is that they're behind and that they're too late to catch up and they've already like made some mistakes that are too hard to come back from, and that is a huge myth. Because one, if you're having these conversations and you're focusing on your money in your 20s, 30s or 40s, even if you haven't done anything yet, if you're starting to take action, you still have time to make a massive difference in what the rest of your life looks. So I think that's a huge mistake is that people feel like they're so far behind that they become paralyzed. And they're like, well, it doesn't really matter now, because I'm already so far behind, when in reality, you're not as far behind as you think I guarantee that if you're sitting there listening to this thinking, like I'm really behind, I bet you're not as far as you think, first of all, and second of all, every year, month that you wait to take control of your money, you are jeopardizing your financial future. So in the same breath, you're not too late. But the longer you wait, the harder it's going to be to reach your financial goals. And I have never worked with a woman that said, oh, man, I really like wish I waited to start investing until I understood every piece of this, like no one's ever said that. So that's the first one. The second one, I say, I'll come back to the debt one, because I think that's pretty important. A lot of people feel like they have to pay off all their debt, even their mortgages or their student loans. And while yes, you do want to pay off high-interest debt, and I would say that's, you know, debt over seven-ish percent, like that's the kind of debt you want to pay off quickly, because you're just going to be hemorrhaging any wins you have in the stock market, if you're paying down if you're still paying interest on high interest debt. But if you have just student loans under 7%, if you have a mortgage under 7%, the average return in the stock market is roughly 10%. You subtract for inflation 8%. So, in many cases, when I work with people that are paying extra money towards their student loans or extra money to their mortgages, and they're paying down loans that have relatively low interest rates, if they stopped doing that and started investing that money instead, they would have the ability to build more wealth compared to the money they would save by paying down their mortgage or their loan faster. So it's important to understand the basic math of that. And so 7% is a good percentage to start evaluating and to really be thinking about how you're spending your money because at that point, if you're paying the minimums on your loans, you might actually be doing better and build faster wealth if you are investing. The other thing I'll comment on because I know you have a lot of entrepreneurs listening to this is there is something to be said also for investing in your business. If you are paying down debt and you don't have high-interest debt, again, if you have high-interest credit card debt that's something you got to get rid of because that's just going to become a deeper, deeper hole. So that's something that you got to focus on first before you start investing. But when it comes to your business, if you have lower-interest debt you absolutely should be finding ways to invest in your business provided that you're thinking through the ROI because that's eventually going to help you create more money to invest. And at the end of the day, your income does matter when it comes to investing because that's going to impact how much you can invest and how much your money compounds. So those are a couple of myths. And then I mean, there are so many, which is why this is such a, this is such a meaty topic and why I love talking about investing, because I love busting these myths but the last one I will say is that good investing strategies are complex. And that is a huge, huge myth, because actually, the best investors are people that create really, really simple investment portfolios. And I teach people how to do this all the time, in a matter of like hours, it doesn't take years, it doesn't take an economics Ph.D. or a series six or finance degrees, you just need a little bit of time and an open mind. And you can learn how to create very, very simple investment portfolios that you buy and hold. You don't have to learn how to pick stocks, you don't have to learn how to time the market. And in fact, people that do those things end up getting much, much lower returns. So investing is one of the few things in life, like actually, the less you work at it, if you set up something simple, the better your returns can be. So those are just some investing myths, but we could go on forever. Lesley Logan 11:13  Oh my gosh, okay, you said a lot of words that I think, I know portfolio, like the series, all those things. I'm like, I feel like my tax accountant is wanting to know if I have anything like that. I felt like I want to know all these things. But I do love that you're like you can learn it in a few hours. And also, I read The Psychology of Money a couple of years ago, Tess Waresmith 11:32  Great book. Lesley Logan 11:33  It's such a good book, it's really worth reading because it explains the type of emotions that some people need to get, to gain a ton of wealth are different than the type of emotions you need to keep wealth, which is a whole interesting phenomenon. But he was talking about the people who do those, like short sells and all that stuff and how it's actually quite stressful. And it's almost more of an addiction of like the dopamine rush than if they just let it sit there. It's fascinating. Okay, so let's go back a little bit, though, you mentioned like you learned all the hard ways. And I think a lot of my listeners, including, like I grew up hearing we're just not good with money and so I just kind of have that story. And one of the things that I love about the show is that like, I feel like you can change your story with just a mantra, you feel like, I know, people are crazy but I really do think that we can act as if, what was it like for you to go from making mistakes? What did you have to do that you have to tell yourself to kind of become the person who is like sitting here, you're so knowledgeable, I can't even imagine you didn't know how to invest money at a time. So like how did you bridge that gap? Tess Waresmith 12:38  Yeah, so I'll tell you a little bit about the story of what happened and how and why that was a catalyst for me bridging the gap. So I have to say that I have to owe some of this to the universe, setting me off in the right direction and kicking me down so far that I was so pissed that I had to learn. But basically what happened was, in my mid-20s, I was very privileged to get a full athletic scholarship to college. So I will say that, you know, a lot of my financial success, I got to start from a place most people don't, most people have some kind of debt. So I was able to get my first job, which was actually as an aerial acrobat on a cruise ship. And I promise this is relevant to money in a moment. And so that job was really interesting, because I worked on a cruise ship, and everything was paid for. So my food was paid for, accommodations, I didn't ever, I didn't have any of these things. So I was able to save a lot of money and I grew up with a huge fear of money because I grew up being told like we don't have enough money for that, you have to be careful about that, over and over and over. So money was always a scarce, fearful thing for me. So that's why to answer your question about investing in your 20s, I knew enough to know that I should be doing that because I was afraid enough of not having enough money that I knew that that was a thing I needed to do. But I didn't know how to do it. And so once I saved some money working on the cruise ship, I ended up trying to read some books about investing. They were really overcomplicated. And so very quickly, I was like, you know what, of course I'm not smart enough to do this myself I'm gonna hire a financial advisor to do it for me. And this was somebody I trusted somebody I grew up with that was a few years older than me. And the long story short is that I gave that person my money. And over a few years time I started realizing that my returns weren't that good. I started looking at what I was invested in and saw that some stuff looked very similar. And what I ended up discovering is that they'd sold me financial products that were better suited for people in their 50s, that there were duplicate investments in my accounts that were basically stacking fees and that the fees that I was paying her were astronomical that were costing me thousands of dollars a year and I didn't even realize it because it's built in to the way that you invest with some financial advisors. What they do is they charge what's called AUM, assets under management, which basically means they take a percentage of the money you're investing with them, regardless of what happens in the stock market. And so at that point, I had started investing all my money from the cruise ship. And years later realized that I was hemorrhaging money in fees. But it's not easy to see that because it doesn't come up in the statement, it doesn't really, it's not easy to see if you're working with a financial advisor, you're listening to this, you're like, am I paying fees like don't feel bad, no shame, because this information is so hard to find. And the industry is built in such a way where it doesn't make it easy to understand, which is good for them. Because they want you to feel like it's complicated so you don't learn how to do it yourself and you pay someone else to do it. That's part of the whole game. So and I will say, by the way, not all financial advisors are crooks, there's some great ones out there. But either way, you still need to learn the basics, because otherwise, what happened to me could happen to you. So after all of that happened and I went in a shame spiral, and I was super, super upset. I went back to my core values. And something I did years ago, was create a list of core values of values that I wanted to live by. And one of them was everything is figureoutable. And I realized and Marie Forleo says, I can't steal, I can't I have to give her full credit for that one. But I love that one. Because it's really true, right? Especially with the internet, resources, good people that want to help you, there's always a way to figure out something. So I was sitting there going like there has to be a way for me to invest without spending thousands of dollars to pay somebody else to get me average returns. And so I did all this research, and I talked to millionaires. That's a key one, I talked to people that were already doing it. And I asked him like, how do you invest? And a lot of them are like, Oh, it's really simple. I just invest in like these funds that hold a bunch of stocks and I leave it alone. And I'm like, that, that's it? That's, that's the whole thing? And I kept hearing the same message. And then I read books, and I took courses. And I looked at data. And then what I realized, after all this research, and I kept trying to prove myself wrong, I'm like, there's no way it can be this straightforward. And it is. Because at the end of the day, the stock market is too complex to try to time there's no crystal ball of what's going to happen. So the best strategies are really to oversimplify this, to buy a bunch of it, put your eggs in a bunch of different baskets and buy and hold. And there's easy ways to do that. There's easy investments you can buy that hold hundreds or thousands of stocks at once, you don't have to stock pick and you hold them over time. And that's pretty much it. Like obviously, there's a little more detail to get started. But that's the strategy. It's buying and holding funds over a long period of time. So that's really it. Lesley Logan 17:28  That's what I learned in that book that we were talking about earlier. He's like, if you can just like, let it live there, what it has proven is if you let it live there for 10, 15, 20 years, everything eventually, like even if it goes up and down, up and down, it always sort of ends up.Tess Waresmith 17:42  Exactly. No, it's that, you nailed it, right? Like it's not more complicated than that. So that's really what happened. So I think being so committed to the idea that there has to be a way to figure it out, led me to the right information. And now I'm just so jazzed to share it with people. And the hardest part is not teaching people how to invest, it's getting them to believe that they can do it and it's not going to be that hard, and it's not going to be as complicated as they think. But that's the biggest hurdle for me as an educator.Lesley Logan 18:09  You know, you're 100%, right? Because I'm sitting here and you're like saying how simple it is, I'm like, oh my gosh, like maybe I should be moving that $500 investment into this account. And I should be doing it over here. And then next notice, do I even know how to do that? Do I have the time? I'm not sure. Maybe it's not safe to move it? Maybe I should just leave it because just that like, I've already talked myself in and out of it. So I do, I do agree like it's getting us to believe it's possible, and that we should be part of it. And I find like, you know, when I was in a mastermind and we brought someone in who was talking about wealth, and it was a husband and wife and they're talking about how they built wealth, how they invest in their wealth, how simple it is, like she, the wife even creates a group or they bring people in and talk about what you can invest in. And then you're like, one of these special people who can be one of the first people to invest and I was like, oh, I want to be in that group. And one of the girls sitting next to me, she's like, oh, I don't deal with any of this. I just let my husband do it. And I was like, what if your husband dies? What if he loses his job? What if like, he leaves you for someone younger? Like I just, like my head went like, you know what I mean? So I said, I'm feeling very hypocritical because I'm not actually doing a lot of investment myself. But like, I, if you're listening to this, and you're like, oh, my partner takes care of it, there's just this like fear inside my body for you. You do need to be part of that conversation. You do need to know and I find like, I coach a lot of women, and we have several of them that their husbands have said hey, I'm gonna end this marriage and they're having to start from scratch and everything and I'm like, and they, there just isn't enough awareness around that financial stuff that I'm like, ah, that's, that is like, I don't ever want to end up in that space either. Tess Waresmith 19:56  Lesley, I don't even know if we're on each other's email list, but I literally wrote an email today that said, when she told me my husband when my husband discouraged her to start investing, and I wrote an email literally today went out this morning, about how many conversations I've had with women over the last few weeks that are around this theme of saying, like, either their partners, like I don't need to learn that we have an advisor, or oh, you don't need to learn that I know how to do it. And by the way, like no shade, but a lot of times, men have pressure to know this stuff, but they might not actually know as much as you think. So no one should ever discourage you from learning this stuff for yourself because exactly what you said, Lesley, the majority of women I work with, and I'm super sad to say this are women that are going through some kind of separation or trauma or their husband is sick, and that's when, you know, shit hits the fan, and they're like, oh, crap, now I have to learn this, and my heart breaks for them because the last thing I want for any woman is to on top of the grief and depression, whatever, like other challenge in life, things they're going through, is then having to spend time figuring out how to manage their money and investments. So I'm so glad you brought this up because it is a real problem. I hear it a lot. And even from women that are motivated to learn, well, they'll be discouraged and, you know, the uncomfortable thing that I don't want to say is, to me, it feels like either an unconscious or some subconscious form of control. And I hate that. So you know, if you have any desire to learn, one, you're totally capable of it. And it's not as hard as you think. And I'll say that, and I will, I will do everything I can to prove it to you that that is true. But also, that's a massive red flag. And if anything, if you are partnered and your partner knows more than you, if you learn more together, you can make more intelligent financial decisions, you can reach your goals faster together, it'll be more fun. There's so many benefits of learning. And I end up working with a lot of couples. My coaching is I do focus on women because I want to create safe spaces for women to feel comfortable talking about money. But a lot of times husbands will join, I'll ask the group is it okay if we have somebody join and those couples love it because then they're on the same page, they're speaking the same language, it's a really powerful thing to do with your partner, to really get a handle on what your financial goals are, and learn together, it can change everything.Lesley Logan 22:21  Yeah. Yeah, it's, it's really true, like one of my dear friends, she actually decided to leave in her partnership and it's because of the investments she made that she could afford to make those decisions, too. So she wasn't stuck in a relationship that wasn't serving her or him, you know, so I think like, the more educated you can be, and I love that you said like, if you're a couple, I'm not saying everyone's gonna end their marriage, guys, I fully believe them. We have mine forever and ever. Not always. But also, like, it's true, it can be more fun, and you can grow it together. And there can be even more that you give. And I find like so many people want to give their children everything that they didn't have. And there's a lot of extra parenting and (inaudible) that's going on there but if you can actually, like have more fun building wealth, and you can pass it off to your children, that's even, that's a big, that's huge.Tess Waresmith 23:08  It's massive.Lesley Logan 23:09  Oh my gosh, I like so look at my friend's wedding. Oh, my God, you do have? Can you like throw a girl a bone? You know, but like, so we, one of the things, one of my biggest goals was like buying this house, because there's a couple things that I wanted to invest in. I had some money that I could invest, but I had, they're like, you have to be a homeowner. And I was like, oh, another obstacle, I just want to invest in this thing. But now we're homeowners officially. So now I'm like, okay, I can belong to the big girls club over here.Tess Waresmith 23:39  Yeah, yeah. And I think the point about learning so that you can teach your kids or even your friends' kids, I you know, I don't have kids yet. But I just yesterday, there's a lot of good things it's been a good week of money wins. But yesterday, I helped a good friend of mine open a 529, which is an investing account that you can open for your kids that helps you save and invest money for college. And what's cool about it now is that the rules have changed. Even if you don't if your kid doesn't use that money for college, you can actually roll it over to a retirement account for them to get a jumpstart. So that's super cool tool. It's called a 529. I'm happy to share a link of where you can learn a little bit more about that. Lesley Logan 24:19  That's cool. That's so fun. That's really awesome, I have nieces and nephews. I'm like, hold on. Well, I need to send them because like, I love that also, they don't have to go to school because like to get it like you could put it into a retirement account and stuff like what a, because also we've learned, like, do you need a college degree anymore and we don't know.Tess Waresmith 24:38  And so what was cool is that I told her she was like, oh, I don't want to do that because I don't know if my daughter is gonna go to college. I said no worries. If you don't, you can up rollover up to $35,000 of this money into a Roth IRA, which is an IRA stands for Individual Retirement Account. And it's that's a great investment plan for retirement. And so we opened it, and she told her daughter about it. And within a half an hour her daughter came running back to her and was like, I have $13, can I add this to my money in that account? And that almost made me cry, because like that small, like behavior change of understanding, like, oh, instead of like spending this money, I can put it in this thing that's gonna make more money. She's eight years old, like, that's awesome that she's getting that messaging now. And that could change her life. So I always tell people too, even if you're not interested in investing, you need to be investing to help the next generation of girls, because just a very small piece of information or a small gesture. You know, I just opened that account and I put 100 bucks in it for, not, you know it took me 15 minutes but that could change the direction of her life not because of the money, but because she understands the concept of investing to make her money work for her. So that's so powerful and those are the types of tools that are so worth learning.Lesley Logan 25:55  I have so many chills, I have so many chills. Okay, so one of the things that you like you, you said, is like helping women believe in that they can invest? What are some of the things that you, that, how do you work with women? Like, is this like, do we read your email and do like a blog is or like, how do we learn more with you? Because obviously, like, I'm wanting to sign up. Like, what is? What does it look like? And like, what if someone is like, I'm so nervous, like, what's the bare, you know, like, I know, for my listeners, like some of those, like, I just want to like, be it till I see it a little bit like what's the, how do we start, like a little baby, dip our toe into it? Tess Waresmith 26:35  Sure. So I'll give you a few options, depending on if you want to dip your toe or jump in the deep end. So if you want to dip your toe, I share a ton of free investing information on Instagram and Tiktok @wealthwithTess, one word, @wealthwithTess. So on Instagram, I share a lot of stuff, I also have a free and this is my favorite guide I've ever created. It's a free savvy investor starter pack. So it's just a guide that you can download. It's a PDF download. But in the starter pack, I have four steps that you can walk through to start to figure out how you're going to invest and to break down some of the concepts that are most confusing because the most common question I get is, where do I start? So I created this guide to help you with that. So the guide walks through four different steps, including how to figure out how much money you might want to have in retirement, how to think about your expenses to start creating a gap for investing, you know, a gap between your income and your expenses to start investing, because obviously, you need some money consistently. And then in there, I also talk about high-level, what types of accounts are out there for you and then what types of investments you can start looking into that are really simple. So that is all in that guide that's at moneyconfidentcoach.com/savvy and in the savvy investor starter pack, I also have a video of the eight common investing mistakes I see people make and I made all of them. So if you want to avoid all the mistakes I made that guide is going to be the best place to start. So both of those are totally easy ways to learn. And then from there, I host free free investing workshops all the time. So there's tons of information that you can get for free. If you follow on Instagram or download that free guide. Those are the two best places to start if you just want to dip your toe. But then the way that I work with women is mostly in a small group setting, which is my favorite way to work with women, I have a small group coaching setting that includes a online program. And what I love about the small group is that everyone realizes they're all in the same boat, that everyone feels behind, that everyone feels overwhelmed by the jargon, and it creates just this awesome vibe of learning and a safe space. And it's awesome. And so that program goes for about a month. And by the end, you know the basics of how to open your own accounts and how to choose investments. It doesn't take long, it doesn't take months or years. We're talking one month, the program right now is four weeks long. And by the end, women are part of a great group, and they know how to choose their own investments. So it's pretty cool. And yeah, I'm just super, I feel super grateful to be doing this work because it's awesome to be able to make an impact in that short amount of time. Lesley Logan 29:16  Yeah, that's huge. Okay. So I have one more question before we do the Be It Action Items and it's more a little selfish, but also like just something that's like still rolling in my head I felt I felt like maybe some of our listeners the same way. So I have a Roth IRA. I have it with some person I met, and it just is money that goes out the 18th every month. And I'm one of those people who like doesn't really log into my statement that often because I don't know. It just feels a little depressing. Sometimes. It's like, you want to see it grow faster than it is. A. you said like there's a certain fee that you were getting that you weren't aware of how do I find out if this person is actually like the best for me and if I figure out like if I do an interview with them. I don't know if that's a thing. And if they're not like, do I keep the Roth IRA with them? Do I stop and put the money on that? Like, what do you think is the best for people who are like, I'm afraid that the person who's doing my thing is not as good as I want them to be?Tess Waresmith 30:12  Yeah, so there's two directions, you can go here. But the first direction I would say, is and, unfortunately, this takes a little bit of time, but not a lot of time, is to get a basic education yourself, like either work with somebody like me, that's going to teach you the basics of investing so you can actually understand how they're investing your money, that's the best route to go. Because then you can really vet if they are actually, once you understand how the stock market works, what the basic returns are, and simple ways to invest that you could do on your own, then you can evaluate that against what they are doing for you. But there's a few things I would want to know right away, you know, regard if you don't have time to take that route, for whatever reason, what I would say is things you want to understand are number one, what is the fee, so what is the percentage, they're charging you assets under management. So most financial advisors work on this basis. And so whatever you're investing, they're taking out a fee. 1% is pretty standard and 1% sounds innocuous, but over time, 1% can be thousands and thousands of dollars. So for example, I just ran this math, and I'll try not to try not, to exploit everyone's brain here with math, but just to like hammer this home about how small fees can make such an impact. The basic tenets of investing are you invest, your money grows and then that larger amount compounds, and it's that snowball effect, right, that's the goal of investing is to you know, create the snowball effect with your money growing. Unfortunately, fees, do the exact same thing. So I did the math for someone the other day they had about, I think they had about 50,000 in their investing account. And they were maxing out there Roth every year at 6500, the max for to invest in a Roth IRA now is 7000. But the time we were talking it was 6500. And so we did the math, if they did that for 30 years, if they just maxed out their Roth with this 1% fee, they would end up paying the advisor $250,000 in fees over the lifetime of 30 years. 250,000 is worth a lot of money. It's a lot. So that's the first thing I would want to know is what the percentage fee is. And when they say 1% or more, that is a lot that is going to add up over time. So that's the first thing. I would also want to know if there's a platform fee. So sometimes there's another fee for using whatever platform they're investing in, I would also want to understand what type of investments they're in. So most people have heard of mutual funds. Mutual funds are, simply put, are an investment that holds a bunch of stocks. So instead of buying just Apple, you're buying Apple and Microsoft and Uber and Tesla and all these big companies in one fund. So all of those funds have fees and it's important to understand the basic fees of what those investments are. So you could ask your advisor, I want to know what your fee is, if there's a platform fee and I also want to know what the fees are for my investments. And to give you a benchmark, you can get a lot of wonderful, easy investments funds that hold, for example, the entire stock market, like you can buy a mutual fund that holds every single stock in the entire stock market. And you could just like leave it alone, that's a way to invest. That's not a bad strategy. So those funds, those have fees of like, point, 0.2%, whereas a lot of the funds I see with people that work with financial advisors can be close to a percent. So if you think about (inaudible).Lesley Logan 33:46  So my little, my little $500, my 7,000 a year is being like compounded. So it's a point where I might not be getting any money. Tess Waresmith 33:57  I mean, no, you'll, you'll definitely get some money, but your returns will be significantly impacted. So then if you're thinking, okay, well, shoot, like, I want to dive into that, but I don't know, I'm nervous about learning myself. There are a lot of other wonderful tools to invest. There are advisors that charge flat fees. So it's a one-time fee or yearly fee that's flat amount. So that's very transparent. There are robo-advisors, which are investment tools where you can put in your information and it'll automatically choose a very simple, low-fee portfolio for you. That's great. Those are companies like Ellevest does that, that's an awesome like badass women's company that helps people create their own, like automated portfolios for them. So you don't need to know anything about investing. You can just open it, they charge you like a quarter of the fees of a financial advisor. You put in your info, your birthday, your goals, and they pick a very simple low-fee portfolio for you. That's a great option. That's called a robo-advisor. And then the other option is to learn how to do it yourself and so where I fit in this ecosystem is to help you make that decision. Like, that's why I teach people the basics of how the stock market works, what your options are, and how your money can grow in simple ways, because then once you understand that, most of the time, people want to either invest on their own, or, you know, they choose a robo-advisor, that's lower fee, and they call it a day. And the type of investing that I'm talking about, which is, you know, buying and holding funds for a long period of time, you're not having to go in there and check like Lesley, you said, you don't really want to go in there, that's actually good. For most people, that's the problem is they go in and they check in and they move things around, like the type of investing that's the best is when you buy some stuff, and you hold it for a long time and you like forget it's there. Like, that's usually the best strategy.Lesley Logan 35:48  The natural way of doing it is gonna be the best way I'm in. Tess Waresmith 35:50  Yeah, totally. Lesley Logan 35:52  You are awesome. Thank you so much for all this, we're gonna put all those links in the show notes, including your guide. But before I let you go, you've given us so, so many great things. I could talk to you for a couple more hours, but bold, executable, intrinsic, targeted steps we can take to be it till we see it. What do you have for us?Tess Waresmith 36:11  So the first thing that I really want to make sure that everyone does is journal on your relationship with money. So before we even get into investing and the tactical stuff, if you're sitting here being like, this all sounds great, Lesley and Tess, but I don't feel like I can do that. The first thing I want you to do is think about your relationship with money. And you can ask yourself questions like how do I feel when I transact money? Do I feel like there's a limit on how much money I can make? Do I feel like there is an opportunity for me to make more money or not, you know, those kinds of questions are really important. Do I think I'm capable of learning how to invest? If the answer is no, shoot me a DM and I want to talk to you because you're absolutely capable of it. But that is honestly the most important thing that I want you to do is to think about your relationship with money. And if somebody has told you some things about money, or you believe it or you're sitting there saying I don't think I'm good with money, are you not good with money? Or have you just not learned anything about money yet? Because those are two very different things.Lesley Logan 37:13  I love this extra juice. You all have to do it because I think it was at the end of the last year Brad and I we were doing a thing and the guy was like your homework today is to write a letter to money and maybe an apology letter maybe it's hey longtime friend, it's been a while, maybe, maybe you're angry and you never told money how angry you are, like you got and I wrote this letter it was the craziest thing that came out of my like head about money and there was like things I was mad about but then there's things I was like sorry about it was a whole thing. And it truly was like a load off. And I didn't think I had a bad, like I love money, like I do. There's a money rampage I listen to, Abraham Hicks, you guys, like every day, like I, it's my favorite. Five minutes on like getting my money mindset, right. But it was really interesting how like, I like push it away. (inaudible) Like it's not like it's like gets to be my best friend at lunch. And so it's I love this action. And I'm so excited for you all to do it. And you have to tell Tess and I how it goes because we want to know. So share this episode, y'all. I'm really, this is really important. If we could all if every listener shared this with a female friend, can you imagine like the power that the change that would have would have on just the family members of the women around not alone the domino effect will have in this country and around the world because I do think that there has been a lot of generations of like, ladies don't have to learn about money. And it is it is a problem. It's why we have a wage gap. It's why we have wealth gaps. And it's and if we can actually change that then we don't need to lean on people who know more than us. And air quotes we can actually like make decisions for ourselves and we can go after things we've always wanted to. So Tess, thank you for opening our eyes. We're gonna talk to you again, I'm sure because I'm obsessed already. And until next time, everyone, Be It Till You See It.That's all I got for this episode of the Be It Till You See It Podcast. One thing that would help both myself and future listeners is for you to rate the show and leave a review and follow or subscribe for free wherever you listen to your podcast. Also, make sure to introduce yourself over at the Be It Pod on Instagram. I would love to know more about you. Share this episode with whoever you think needs to hear it. Help us and others Be It Till You See It. Have an awesome day. Be It Till You See It is a production of The Bloom Podcast Network. If you want to leave us a message or a question that we might read on another episode, you can text us at +1-310-905-5534 or send a DM on Instagram @BeItPod. Brad Crowell 39:49  It's written, filmed, and recorded by your host, Lesley Logan, and me, Brad Crowell. Lesley Logan 39:54  It is transcribed, produced and edited by the epic team at Disenyo.co. Brad Crowell 39:58  Our theme music is by Ali at Apex Production Music and our branding by designer and artist, Gianfranco Cioffi. Lesley Logan 40:05  Special thanks to Melissa Solomon for creating our visuals. Brad Crowell 40:09  Also to Angelina Herico for adding all of our content to our website. And finally to Meridith Root for keeping us all on point and on time.Support this podcast at — https://redcircle.com/be-it-till-you-see-it/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this week's episode, hosts Mike Morton and Matt Robison discuss IRA Beneficiaries. They delve into the critical decision of choosing a beneficiary for your Individual Retirement Account(s) (IRA) and its financial ramifications. Through a real-life example, you will see how one of Mike's clients' strategic maneuver saved her family $150k in taxes by spreading the withdrawal of her spouse's $500k IRA over a longer period of time.They also explore the workings of beneficiaries for IRAs, 401(k)s, and 403(b)s, emphasizing the importance of proper estate planning to avoid tying assets up for long periods in probate court. Use the handy checklist provided by the hosts to review your beneficiary designations. Take proactive steps in securing your financial legacy for your loved ones' benefit, potentially saving them significant tax burdens in the future.Are you ready to create your ideal lifestyle? Let's Connect.Learn more about Mike and my services at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/

In this episode, The Annuity Man discussed:  The best inflation annuity on the planet.  The second annuity you already own  RMDs are an annuity payment    Key Takeaways:  Annuities that adjust for inflation offered by the private sector have their initial payments drastically lowered to make up for the index increase. You don't need to get that because you already own the best inflation annuity on the planet: Social Security.  The second annuity you might already own is attached to your Individual Retirement Account. A 401k, 403b, or 457 are tax-deferred types that you're eventually going to roll into an individual IRA.  Your Required Minimum Distribution is also an annuity.  It creates an annual lifetime income stream. As long as you have IRA assets, you're going to have to take RMDs.    "You definitely own one [annuity], you most likely own two and you could own three - so what does that mean to you? That income floor takes you through chapter two of your life." —  Stan The Annuity Man.    Connect with The Annuity Man:  Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com  Book: Owner's Manuals: https://www.stantheannuityman.com/how-do-annuities-work YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g  Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator! 

Federal and state tax returns are due in a little more than a month, and for people with retirement accounts, such as a traditional IRA or a Roth IRA, it also means a deadline is approaching for making contributions that count for the 2023 tax year.It also means, for some, a deadline to start taking money out. The heads up comes from Haverhill Bank Assistant Vice President and Mortgage Officer and Originator Sherry L. Temple Pruyn, who stopped by WHAV's “Win for Breakfast” program. She spoke about people with a traditional Individual Retirement Account. The traditional IRA is funded with pre-tax money, unlike the Roth IRA which is funded with money already taxed, and the federal government requires taking distributions by a certain age.“Essentially the deadline to take your first required minimum distribution, which is often known as an RMD, is usually April 1 of the year after you turn 73, and then Dec. 31 each year after that, your RMD for the account balance as of the end of that prior calendar year. It is a big deal because if you don't do this the IRS does penalize you, and the penalty is steep, it's 25% of your balance,” she explains.Individuals have until the tax deadline to make contributions to their IRA. For people under the age of 50, they can contribute up to $6,500 and for people 50 years of age and older, the amount is $7,500.“I always advise people to either go to the IRS website, IRS.gov, take a look at the calculator to see how much they need to take for their minimum distribution. Reach out to a financial advisor because these are personal decisions based on your own balances in your 401Ks. You can't just do carte blanche, okay I'm only going to do ‘X.' You really do have to take in consideration the calculator based on how much money you do have,” Pruyn says.This year, the deadline for filing 2023 taxes in Massachusetts is Wednesday, April 17 because April 15 is observed as Patriots Day in Massachusetts and April 16 is observed as Emancipation Day in Washington, D.C.Support the show

Watch The X22 Report On Video No videos found Click On Picture To See Larger Picture The [CB]/[DS] are trying to explain away inflation, it is not working, the people know. Banks are in trouble because of commercial real estate, this will not end well. [CB] wants more from the people, they are going after the 401ks now. Bezos, Meta, Diamond and Gates all selling stocks. Trump mentions Bitcoin, slow drips. The [DS] runs deep and wide, they never expected [HRC] to lose, now they are exposed to the people and the people want them out. This is not another 4 year election, we are at a crossroads, do the people take back the country or does the [DS] win. The people are winning and they will take it back. Scavino sent a warning about phone not connected, couple of days later the cell system had outages. Right on schedule, the Patriots are pushing the [DS] down the path.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/TheRabbitHole84/status/1760891285530112217?s=20 https://twitter.com/WallStreetSilv/status/1760722138267283583?s=20  up a third of smaller, regional bank assets. In many cities, they're collapsing because of work-from-home, the slowing economy, and the “urban doom loop” as criminals take over American cities. We already saw another bank crash a few weeks ago on commercial real estate loans. Expect a lot more. And expect that taxpayers, as always, will foot the bill when Wall Street screws up.  With a yearly deficit in the trillions, government looks to go after 401(k) accounts for new revenue  A majority of Americans are living paycheck-to-paycheck. A majority don't have enough money to pay for a thousand-dollar emergency. Home ownership is a rapidly dissipating aspect of the American dream. Americans' credit card debt is at a record high because of high inflation and the cost-of-living, and they're falling behind on debt payments. People don't have enough money for retirement. So what is the solution? Well for some economists, it's time to take away the tax benefit for 401(k) plans because the government is short of revenue to pay for their exorbitant spending; see here, from USA Today: What if the government abolished your 401(k)? Economists say accounts aren't worth it The federal government should stop allowing pre-tax contributions to retirement savings, abolishing the 401(k) and Individual Retirement Account, two economists from opposing ideological camps argued in a research brief in January. Allowing people to shelter their retirement money from taxes is a policy that largely favors the well-heeled, they said. Congress could use that money, nearly $200 billion a year in lost tax dollars…. Oh, Congress could use that money? Yeah, well so could we, and we're the ones who earned it. And $200 billion a year? This is a pittance toward covering the $2 trillion yearly deficit the federal government is running in a supposedly great economy. source: americanthinker.com If the gov does not have enough money we need to go to the source of the problem https://twitter.com/profstonge/status/1761019288406642868?s=20   from the socialist union-run opposition. If he succeeds, he'll be a role model for radically slashing government. Not just in Latin America but the entire world. Including -- dare we dream -- the alleged small-government champions in Washington. https://twitter.com/GRDecter/status/1761046897261695209?s=20 https://twitter.com/realDonaldTrump/status/1149472282584072192?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1149472282584072192%7Ctwgr%5E7fe9387e4bd3e1ba71226cfe9f656799ddb9ef86%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2...

Goldstone Financial Group (630-620-9300) in St. Charles has the best team of financial advisors in Illinois, and, now, the state's leading Individual Retirement Account and retirement planning services. Go to https://goldstonefinancialgroup.com/ to find out more. Goldstone Financial Group City: Oakbrook Terrace Address: 18W140 Butterfield Road Website https://goldstonefinancialgroup.com/ Phone +1-630-620-9300 Email contactus@goldstonefinancialgroup.com

Discover the secrets to supercharge your retirement savings structure with our in-depth podcast episode on moving your IRA offshore. Join us as we demystify the benefits and intricacies of offshore IRA investing, showcasing how to diversify your portfolio and secure your financial future. In this comprehensive episode, our team delves into the opportunities that are opened to you when moving your Individual Retirement Account (IRA) offshore. We'll discuss the advantages of offshore IRAs, the various investment options available, and essential factors to consider when making this strategic financial move.Learn about offshore investment vehicles, tax optimization, asset protection, and more. Whether you're an experienced investor or new to the world of offshore IRAs, our podcast offers valuable insights to help you make informed decisions about your financial future. Don't miss out on the chance to secure your financial future - listen to ur podcast episode now and embark on your journey to offshore IRA success! Appearances (from left to right): Jess Roberson, Executive Assistant Urs Vrijhof-Droese, Managing Partner Jamie Vrijhof-Droese, Managing Partner Contact WHVP: Website: https://whvp.ch/ Email: info@whvp.ch Telephone: +41 44 315 77 77 Disclaimer: All posts and publications are for your information only and are not intended as an offer, promotion, or solicitation to buy or sell any financial instrument or perform any other financial transactions. All information and opinions expressed in posts and publications reflect our current views as of the date of the publication and may be liable to change without notice.

One of the best opportunities to prepare assets for retirement occurs when we have the opportunity to access retirement accounts at 591/2. First, at age 591/2 you have the ability to pull from retirement accounts without the additional 10% penalty. If you need income to support yourself, this is the traditional milestone that allows you to utilize tax-deferred accounts like 401(k)'s and IRA's. Additionally, more and more employer sponsored retirement plans are allowing participant employees to remove funds from the employer's plan and reposition them to their own Individual Retirement Accounts, while still continuing to work and participate in future and on-going contributions, as well as continue to capture any company matching. This can be advantageous in offering the ability for a wider range and selection of investment options and selecting vehicles more appropriate for retirement goals. It also can allow for greater flexibility for things like the consideration of Roth conversions to manage taxes in retirement. For more information contact Ron Courser, CFP® from Cornerstone Retirement Partners at (616) 301-2581 and visit the website at https://www.cornerstone-rp.com/.

Goldstone Financial Group (630-620-9300), Chicago's leading investment advisors, are helping their clients to bolster their retirement savings with an IRA. Read on to see how you can benefit from their expert advice. Go to https://goldstonefinancialgroup.com/ to find out more. Goldstone Financial Group City: Oakbrook Terrace Address: 18W140 Butterfield Road Website https://goldstonefinancialgroup.com/ Phone +1-630-620-9300 Email contactus@goldstonefinancialgroup.com

By law you can't call Pringles a chip. By law financial advisors must call themselves a fiduciary. At Golden Reserve neither one of these statements make any sense.See omnystudio.com/listener for privacy information.

Die Amerikaner haben keine staatliche Pensionsvorsorge? Das stimmt so nicht. Das gesetzliche Rentenalter liegt in den USA aktuell bei 67 Jahren. Jeder amerikanische Arbeitgeber und -nehmer zahlt bis zu einer Höchstbemessungsgrundlage von rund 140.000 US-Dollar im Jahr jeweils 6,2 Prozent vom Bruttolohn in die staatliche Pensionsversicherung ein. Selbständige und Freiberufler zahlen die ganzen 12,4 Prozent. Das reicht aber nur für eine Grundsicherung. Darüber hinaus gibt´s in den USA aber noch spannende steuerliche Anreize für die Eigenvorsorge. Am beliebtesten ist der 401(k)-Plan: Man kann einen bestimmten Teil der Jahresbezüge steuerfrei in private Investmentfonds stecken. Das können ETFS ebenso wie gemanagte Fonds sein. Anleihen-, Aktien- oder auch Mischfonds kommen in Frage. Meist beteiligen sich auch US-Arbeitgeber an den Einzahlungen. Zusätzlich gibt es noch die Individual Retirement Accounts, kurz IRA. Einen solchen IRA kann man bei einer Bank oder einem Broker eröffnen und so mit Steuervorteilen für das Alter vorsorgen. Und was gibt es bei uns für Steuerzuckerl? Für Selbständige gibt es in Österreich die § 14 Fonds, in die man bis Jahresende investieren kann und so den Gewinnfreibetrag nutzen kann. Für Gewinne bis 30.000 Euro kann man mit Investments in diese Fonds den zu versteuernden Gewinn um bis zu 15 Prozent reduzieren. In Deutschland kann man Beiträge für private Lebens- und Rentenversicherungen bis zu einem Höchstbetrag von 1.900 Euro für Arbeitnehmer bzw. 2.800 Euro für Selbstständige als Altersvorsorgeaufwendungen absetzen. Zusätzlich lassen sich Beiträge zur Riester-Rente bis zu 2.100 Euro pro Jahr als Sonderausgaben absetzen. Doch Achtung: Steuervorteile kann der Staat auch von heute auf morgen wieder reduzieren. So geschehen in Österreich beim Bausparer und der Zukunftsvorsorge. Oder Steuervorteile kann die nächste Regierung auch zur Gänze streichen: Das war bei den Investitionsfreibeträgen so, die wieder eingeführt wurden. Steuervorteile sind das eine, man sollte sich in erster Linie aber anschauen, wie ertragreich die Veranlagungen auch sind. Wer Steuervorteile noch heuer nutzen will, tut jedenfalls gut daran, sich jetzt schon rechtzeitig nach geeigneten Finanzprodukten umzuschauen… Rechtshinweis: Dies ist die Meinunung der Autorin und keine Anlageempfehlung. Was ihr daraus macht ist Eure Sache, Julia Kistner übernimmt hierfür keine Haftung. #Börse #investment #TAX #Ertrag #Podcast Foto: Unsplash

Individual Retirement Accounts. How much do you really know? Did you know that investing in real estate through an IRA doesn't require paying taxes or penalties on rollovers? This makes IRAs a very attractive option. But you need to stay educated and understand the rules and regulations associated with these types of investments to avoid potential issues with the IRS.   Leave a positive rating and review of this with just one click WHAT TO LISTEN FOR4:48 The history of self-directed IRAs14:34 Alternative investments are not inherently risky17:12 Real estate investments through IRAs27:07 Solo 401k tax exemption ABOUT ALEX PERNYAlex is a business development specialist and host of Advanta IRA's podcast, the Alternative Investment Advantage. He holds the designation of Certified IRA Services Professional (CISP) from the American Bankers Association and loves diving deep to learn about the rules, regulations, and technical aspects of self-directed IRAs, employer plans, and IRS regulations. He believes so strongly using retirement plans to invest outside the stock market he has self-directed his retirement and health savings plan and invest in real estate and private equity. CONNECT WITH ALEXWebsite | Email CONNECT WITH US Facebook | Instagram | LinkedIn | Email Greg | Email TimTo learn more about investment opportunities, join the Cityside Capital Investor Club. Follow so you never miss a NEW episode! 

Cash is trash or cash is king. Which is it? Can you go through retirement with all your money in a 401(k)? A shocking revelation from the world's biggest investment company. Uncle Sam says you have to take money out of your IRAs at age 73. What if you don't need the money to live? What are your options? See omnystudio.com/listener for privacy information.

If you don't know what an IRA is and how it can completely change your financial plans, Goldstone Financial Group (630-620-9300) in Brentwood, Tennessee does. Speak to them today to guarantee a golden future. Go to https://goldstonefinancialgroup.com to find out more. Goldstone Financial Group City: Oakbrook Terrace Address: 18W140 Butterfield Road Website https://goldstonefinancialgroup.com/ Phone +1-630-620-9300 Email contactus@goldstonefinancialgroup.com

Northbrook's Goldstone Financial Group (630-620-9300) has the best investment advisors in Chicago, and they are here to show you how an IRA can ensure you a secure retirement. Go to https://goldstonefinancialgroup.com/ to find out more. Goldstone Financial Group City: Oakbrook Terrace Address: 18W140 Butterfield Road Website https://goldstonefinancialgroup.com/ Phone +1-630-620-9300 Email contactus@goldstonefinancialgroup.com

Goldstone Financial Group (630-620-9300) in Chicago can help you set up a tax-minimizing and income-maximizing IRA. If your only retirement plan is your 401(k), you should speak to them today. Go to https://goldstonefinancialgroup.com/ to find out more. Goldstone Financial Group City: Oakbrook Terrace Address: 18W140 Butterfield Road Website https://goldstonefinancialgroup.com/ Phone +1-630-620-9300 Email contactus@goldstonefinancialgroup.com

Goldstone Financial Group (630-620-9300) wants the people of Nashville to start using Traditional IRAs and Roth IRAs to reduce their taxes both now and in the future. Go to https://goldstonefinancialgroup.com/ to find out more. Goldstone Financial Group City: Oakbrook Terrace Address: 18W140 Butterfield Road Website https://goldstonefinancialgroup.com/ Phone +1-630-620-9300 Email contactus@goldstonefinancialgroup.com

Goldstone Financial Group (630-620-9300) can help you maximize your retirement income so you can maintain a comfortable lifestyle even after the "paycheck gap." Call them today to explore your options or visit https://www.goldstonefinancialgroup.com Goldstone Financial Group 18W140 Butterfield Road 16th Floor, Oakbrook Terrace, IL 60181, United States Website https://goldstonefinancialgroup.com/ Phone +1-630-620-9300 Email contactus@goldstonefinancialgroup.com

This episode focuses on financial independence. My guest, Taji White, a financial advisor, stopped by to talk with me about the tips to gaining and sustaining financial independence and wealth. He spoke about how his story started back when he was a kid, learning to manage other people's money and not focused on spending his own money the minute he received his allowance from his parents. His first job in the financial field was doing taxes to gain extra money. He spoke about investing in indexes, stocks, ETFs, and establishing 401k, making sure that employers match the amount of money you put in because their money is used as insurance to your money. He spoke about roth IRAs, which is Individual Retirement Account, and how to enrolling in a traditional IRA is important when it comes to investing early into your retirement to where you can receive a fixed income from your retirement tax free, depending on how you set it up. As a financial advisor, in his line of work, he helps his clients by mitigating the amount they're being taxed upfront which saves you more money, legally. He spoke about his book that he wrote called "The 4 Pillars of Financial Independence" where in his book, he spoke about how important a financial roadmap which is broken into his acronym B.I.T.E, which stands for Business formation, Investments, Tax prep/tax planning, and Estate planning. He spoke about the importance of life insurance, the difference between a revocable trust and an irrevocable trust, and how its best to have a trust vs having a living will which consists of having to pay the courts, lawyers, and the judge to mitigate and finalize the assets you leave behind to your family and the pay comes from your assets or the values of it. Having a will will still go through probate court, but having a revocable trust is done through a 1-time rate that you can add more assets to as time goes on. It was a pleasure speaking with this black man about how important it is to be intuned with our finances in all aspects so that we're not left in the dark about how to go about gaining financial independence and literacy. For more information or inquiries, visit his website at www.truebluefinancials.com on all social media platforms @truebluefinancials.

So you think you know everything about your IRA? Well, get ready for a pop quiz. Whether you already have an IRA, or you're thinking about opening one, there are several things you should know. And what better way to measure the depth of your knowledge with a little test.First a little inspiration from Proverbs 18:15 - “An intelligent heart acquires knowledge, and the ear of the wise seeks knowledge” so let's SEEK SOME KNOWLEDGE about IRAs!Here's our little quiz... just to make it easy, these will all be true or false questions.1 - You can't open an Individual Retirement Account if you already have a qualified retirement plan with your employer. True or false?FALSE - An IRA can be a great way to supplement your retirement savings, even if you have a 401k or 403b with your employer. In 2023, you can contribute up to $6,500 to a traditional or Roth IRA, or $7,500 if you're 50 or older. You can even have a traditional and a Roth IRA, but the combined contributions must not exceed those limits.2- You can invest in anything in an IRA. True or false?FALSE - Your IRA isn't an investment in itself; it's more like a bucket that holds your investments, which are managed by the account's custodian. That custodian will offer you a WIDE VARIETY of investing options, like bonds, money market funds, stocks, and mutual funds.But THERE ARE LIMITS. You can't invest in things like whole life insurance policies, antiques, or physical precious metals. That last one requires a different thing - a self-directed IRA, which is a topic for another time.3 - If you should die, your IRA must go through probate and be distributed to your heirs according to your will. True or false?FALSE - Like many financial accounts, your IRA allows you to name one or more beneficiaries to receive those funds in the event of your untimely death. The beneficiary designation supersedes anything specified in a will and prevents the IRA from going through the sometimes lengthy probate process.You do, however, have to keep the beneficiary designation up to date if you go through a major life change, like the death of a spouse. The custodian can't read your mind, so making your intentions known with a new beneficiary designation is vital.4 - At some point, you have to take money out of your IRA. True or False?TRUE - Traditional IRAs come with Required Minimum Distributions or RMDs. When you retire, you may not need the income generated by your IRA, and you'd be perfectly content to just let those assets accumulate but Uncle Sam sees it differently, wanting his cut and only willing to wait so long.  You'll have to start taking money out of your traditional IRA by April 1st of the year after the year you turn 73 and a half. In 2033, the age for RMDs will be extended to 75.If you're worried that you'll need a calculator and calendar to figure all that out, don't worry. IRA custodians are required to send you an RMD notice by January 31 each year.PAY ATTENTION TO THOSE NOTICES because if you fail to take an RMD on time, the penalty is a whopping 25% of every dollar you failed to withdraw. Here's where a Roth IRA is a better alternative, since it's funded with after-tax dollars and has NO REQUIRED MINIMUM DISTRIBUTIONS.5 - You can't borrow from your traditional IRA. True or False?TRUE - While you may be allowed to borrow from a 401k or 403b, (not advisable, by the way) you can't borrow from an IRA even for a good cause like buying a house or sending your kid to college. If you withdraw funds from your traditional IRA, the money will be added to your adjusted gross income and taxed at your income tax rate … and it's possible that the withdrawal could push some of your income into an even higher tax rate. So you don't want to do that.Those are some of the things you may not have known about an IRA. We hope you did well on our pop quiz.Next, Rob answers these questions at 800-525-7000 or via email at askrob@FaithFi.com:If you have some cash that you've been holding onto, is it idea to put it into a Money Market right now?If you're 63 and retired and your husband is 12 years old and not in good health, will taking your benefits first affect the survivor's benefits from his Social Security later?If you and your husband have very few deductions which left you, this year with a much higher tax payment, instead of raising your W4 withholding, would it be better to put more into contributing to an IRA?If you're considering turning your garage into a AirBnb room for rent, how should you finance this?Be sure to check out the rest of FaithFi.com to access our books and our many free helpful resources. You can also find us on Facebook Faith and Finance (Live) and join the conversation. Thanks for your prayerful and financial support that helps keep Faith and Finance (Live) on the air. And if you'd like to help, just click the Give button.

Whether you already have an Individual Retirement Account—more commonly known as an IRA—or you’re thinking about opening one, there are several things you should know about them. On today's Faith & Finance Live, host Rob West will explain some facts you may not know about IRAs. Then he’ll answer your calls on various financial topics. See omnystudio.com/listener for privacy information.

Small business owners have much to consider to maximize their tax savings. In this episode of the One for the Money podcast, I share strategies that small business owners can consider to save on taxes. As there are many strategies to consider, this will be the first of two episodes on the subject. In the tips, tricks, and strategies portion, I share an additional business tax strategy utilizing the home office deduction.In this episode...Small businesses and the economy [01:10]What are payroll taxes? [03:20]Saving for retirement as a business owner [04:58]Personal Defined Benefit Plans[10:29]The home office tax deduction [13:37]The importance of small businessesMost of us are familiar with prominent companies here in the United States, but the majority of companies in the U.S. are much smaller. In fact, 99.9% of businesses across the country are small businesses. Despite their minimal size, their importance cannot be understated. Over the past 25 years, small businesses have added nearly two out of every three jobs to the economy. Because of the incredible importance of such businesses, I want to share some provisions the tax code has that small businesses should know. Taxes for the self-employedNearly eight in ten businesses have no employees besides the owner. Often individuals are paid as independent contractors or 1099s. However, these individuals may want to add themselves to the ranks of business owners and incorporate instead of being paid as a 1099 employee. Being a corporation can save money on payroll taxes. Social Security and Medicare are the two most common examples of these taxes paid to the government for social programs. Collectively, they are called your FICA taxes. Employees contribute 6.2% to Social Security, and employers make a matching contribution. Employees also make a 1.45% contribution towards Medicare, which employers also match. Altogether that's 15.3% of a person's income being contributed before any state and federal income taxes.Taxes are even more expensive for the self-employed because they must pay both the employee and the employer contributions. Individuals who receive a W2 pay a total of only 7.65%, while sole proprietors pay double that. But, self-employed individuals can form a corporation, and the IRS allows corporations to pay employees a reasonable wage. The rest of the funds can be transferred as a quarterly distribution instead. There are expenses to consider and rules on reasonable wages and distributions, so you would want to enlist the work of accounting professionals with this area of expertise.Retirement plans for business ownersAs the business owner, you are solely responsible for saving for your retirement as there isn't a company making a matching contribution from your employer. Many business owners reinvest much of their money into their businesses but miss out on years of investments compounding in the stock market. Diversifying investments outside of your business is critical, and doing so early, even in small amounts. The best thing you can do to increase your investment returns is to increase your time horizon. Small amounts can grow to enormous sums given a lot of time. A self-employed individual has several options for saving for retirement, and choosing the right one ultimately depends on income. The simplest option is an Individual Retirement Account, either Traditional or Roth. These types of accounts are only taxed once with ordinary income taxes. You decide when. With a traditional IRA, taxes are applied in retirement. With a Roth, taxes are applied now. There are many factors to consider, so it's recommended that you check with a certified financial planner.Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.Resources &

Did you know you can invest using your retirement plan? Listen to John Bowens as he elaborates on the power of Individual Retirement Arrangements (IRAs) to raise capital and make tax-free returns. We'll also cover utilizing its benefits to earn more while keeping your retirement money from stagnation, so be sure to check this out!WHAT TO LISTEN FORWhat is a retirement account and how to leverage it for better returnsThe process of converting your self-directed IRA into a real estate-backed IRACommon pitfalls and limitations of using self-directed IRAsTypes of asset classes where you can invest your IRAThe Unrelated Business Income Tax in the context of real estate purchasesRESOURCE/LINK MENTIONEDInternal Revenue Service https://www.irs.gov/To get a copy of Persistence, Pivots, and Game Changers for FREE, go to https://investonmainstreet.com/book and use the code “Passive Income Brothers.”ABOUT JOHN BOWENSJohn Bowens is one of the most sought-after and respected educators in the self-directed IRA industry. As Director, Head of Education and Investor Success at Equity Trust Company, John draws from his 20 years in the real estate industry and his experience as an active real estate investor. In his travels across the U.S. and virtually, he has trained 60,000 investors during more than 400 workshops and classes, spreading the message about the power of building tax-free wealth and leaving a lasting legacy by investing in what investors know best. In addition to thought leadership in the industry, John has also directed teams in both the front-office and back-office operations with Equity Trust, focusing on the custody of various alternative assets, including but not limited to, real estate, notes, private equity, precious metals, and much more.  John contributed to the book “Self-Directed IRAs: Building Retirement Wealth Through Alternative Investing” with Equity Trust Company Founder Richard Desich, Sr., and has appeared on several national real estate and finance-related radio shows, including the Rich Dad Radio Show. He received his bachelor's degree in Finance from Ohio University. CONNECT WITH JOHNWebsite: Equity Trust https://www.trustetc.com/Youtube: Equity Trust Company https://www.youtube.com/@equitytrustcompanyCONNECT WITH USTo learn more about investment opportunities, join the Cityside Capital Investor Club.Follow us on Facebook: Cityside CapitalFollow us on Instagram: @citysidecapital_tim_lyonsConnect with us on LinkedIn: Tim LyonsConnect with us via Email: greg@citysidecap.com | tim@citysidecap.com

We'd all like to have more money, and there's nothing wrong with that if we have the right motivation. We'll talk about that today on Faith and Finance. Every few weeks on our Monday program, we revisit the five things you can do with money. Here they are: You can earn it, live on it, give it away, owe it to someone, or save/invest it. Earn, live, give, owe, and grow. Today, our focus is on the last of those: growing your money for the future by investing MOTIVATION Let's talk first about motivation. If your reason for investing is to get rich quick, we have a warning for you. Actually, Jesus has a warning for you. He said in Luke 12:15 to be on guard against every form of greed. Greed takes our eyes off God and puts them on ourselves, which is spiritually dangerous. And it's a recipe for unhappiness. Ecclesiastes 5:10 says, Anyone who loves money never has enough. Anyone who loves wealth is never satisfied with what he gets. That said, investing for the future if you have the right motivation is commended in Scripture. Proverbs 21:20 says, There is precious treasure and oil in the home of the wise, but a foolish person swallows it up or as The Living Bible puts it: The wise man saves for the future, but the foolish man spends whatever he gets. So this is the right motivation the desire to be a good steward, preparing today as best you can for the needs of days and years to come. So, how do you prepare? Well, you could stash money in a savings account and you should, for shorter-term needs and for an emergency fund. But savings accounts, even the highest-paying ones, will not keep up with inflation. Money put in a savings account will lose value over time. To keep pace with inflation, or to outdistance it, requires putting your money in things that tend to grow as the economy grows. For most of us, that means investing in the stock market, and you can do that in a way that is balanced, not reckless. That brings us to learning WHAT YOU NEED TO KNOW ABOUT INVESTING We have guests on this program regularly who talk about wise approaches to investing, so we won't go into detail about that now, except to say that it's essential that you have a long-term plan and a set of guidelines that inform your decision-making. In other words, think long-term, not get-rich-quick, and don't make decisions based on hot tips or financial talk shows. Now, to be a good steward, you also need to understand the various investment vehicles that may be available to you, such as a tax-advantaged 401(k) or 403(b) at your workplace. You also should learn about Individual Retirement Accounts and how those can help you save for the future in a tax-smart way. A great resource that explains such accounts and many other things about being a good steward as an investor is The Sound Mind Investing Handbook by Austin Pryor. One more thing: Making your money grow for the future will involve some risk that is the nature of investing. So the actual investments you choose should be appropriate for someone of your age and overall financial situation. Younger people can afford to take higher levels of risk than older people because younger folks have a lot of time to recover from market downturns. So to sum it up: invest with the motivation of being a good steward and take the time to learn what you need to know to invest wisely for the years to come. On today's program, Rob also answers listener questions: ● How do minimum required distributions work? ● When does it make sense to adjust payroll withholdings to cover expenses? ● How do you determine if you need life insurance? ● How much can you contribute to a 401k account and a Roth IRA without tax penalties? ● When is a Medicare Advantage plan a wise purchase? ● How are assets distributed upon the death of a parent without a will? Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at FaithFi.com where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app. To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

A good quote says, "the only person who will take care of the older you someday is the younger you today." When we are young, we frequently put off thinking about retirement and prefer to worry about it later. However, our strength will not forever serve us well. Nevertheless, if we desire our future to be more promising, we must thoughtfully prepare for it.    Moreover, a self-directed IRA is a recommended type of individual retirement account that allows you to save for retirement with assets that are off-limits for conventional IRAs. Thus, we must seek a more profound knowledge of it since many individuals who don't utilize self-directed IRAs are unaware of it. We must also surround ourselves with like-minded people who are willing to share their failures and successes.  Their journey can teach us vicariously to learn and grow in life, knowledge, and skills. As our guest speaker says, "financial literacy is not taught in schools, but our future depends on understanding it."   Kaaren Hall is a single mother, Certified IRA Services Professional (CISP), Self-Directed IRA Professional (SDIP), CA Real Estate License, founder of Orange County Real Estate Investors Association, and the CEO of UDirect IRA Services. These services help thousands of Americans invest their IRA outside the stock market into real estate, land, private notes & more to improve their financial future. Kaaren discovered a strategic way to put her 20+ years in mortgage banking, real estate, and property management to use. Hall brings her full passion to educating Americans about the little-known investment vehicle. She has educated tens of thousands of investors and professionals on building wealth by taking control of self-directed IRAs. Through UDirect IRA, she has guided thousands of Americans through diversifying their investments using self-directed IRAs.   In this special episode with Kaaren Hall, we'll learn about the things concerning Individual Retirement Accounts. Tune in today as we discover how important it is to understand where to correctly put the hard-earned money that can better serve you in the future.    "The retirement account is for later; it's not for now. So, everything you do in this retirement account is to save for your future self." – Kaaren Hall   Topics Covered: (00:00:00) Introduction + Episode Snippet (00:00:13) Introducing our special guest, Kaaren Hall (00:00:33) Advertisement: Obtain financial freedom with passive income! TimeOut with the SportsDr. teams up with Dr. Ronnie Shalev of Shalwin Properties to discuss things finance! Join Dr. Shalev's webinar or set up a 1-on-1 call; go to https://www.drderrickthesportsdr.com/sponsors. (00:02:22) The long journey: How Kaaren become the CEO of uDirect IRA Services (00:03:47) The best time to open a self-directed IRA company (00:05:18) 2009: A big financial downturn (00:06:58) How does a self-directed IRA differ from a traditional IRA? (00:08:08) Rules for investing money into a solo 401k account: Where to use and not use your money? (00:09:07) Prohibited transaction: Who are the disallowed individuals to benefit from your IRA? (00:10:33) What is the best way to learn about prohibited transactions?  (00:11:15) What are the different kinds of accounts? (00:13:02) Self-directed IRA is always your money. (00:13:34) Why does self-directed 401k seem to be a well-kept secret? (00:15:05) Advertisement: Sabre Bats, the training bat that will take you to your next swing. Go to https://www.sabrebats.net to know more. (00:15:54) Text free vs. Text deferred. (00:17:30) Health Savings Account: How can we utilize HSA? (00:20:21) How should young entrepreneurs be investing for retirement? (00:21:48) How much money should a person have for retirement? (00:22:57) The process of investing (00:24:02) Make a diligent study on where to put your money. (00:25:27) More freedom, more risk (00:26:44) Final TimeOut with Kaaren Hall: Why is it imperative to invest and plan for the future? (00:28:19) Community is essential: Surround yourself with like-minded people. (00:28:55) Connect with Kaaren Hall.   Key Takeaways:  "The self-directed IRA is tied to alternative assets. IRA is an IRA but what makes it truly self-directed is when you're investing outside of Wall Street." – Kaaren Hall   "So, to get tax protection, you have to follow certain rules and avoid the prohibited transaction." – Kaaren Hall   "Your IRA isn't going to lend money to your spouse, so they can open a business because that's a disallowed person receiving a present benefit from your retirement account." – Kaaren Hall   "Don't just pick any asset. You have to understand the assets and risks." – Kaaren Hall   "With more freedom, there's more risk." – Kaaren Hall   "Community is important. It's one way to learn and grow together by surrounding yourself with like-minded people who are willing to share their failures and successes." – Dr. Derrick Burgess   Connect with Kaaren Hall:   Website: https://udirectira.com/ YouTube: https://www.youtube.com/@uDirectIRA/ LinkedIn: https://www.linkedin.com/in/KaarenHall/ Twitter: https://twitter.com/udirectira   Connect with Dr. Derrick Burgess: Website: https://www.drderrickthesportsdr.com/ Instagram: https://www.instagram.com/drderrickthesportsdr/ Facebook: https://www.facebook.com/TimeOut.SportsDr LinkedIn: https://www.linkedin.com/in/derrick-burgess-72047b246/ YouTube: https://www.youtube.com/channel/UCHGDu1zT4K_X6PnYELu8weg Email: thesportsdoctr@gmail.com   This episode of TimeOut with the SportsDr. is produced by Podcast VAs Philippines - the team that helps podcasters effectively launch and manage their podcasts, so we don't have to. Record, share, and repeat! Podcast VAs PH gives me back my time so that I can focus on the core functions of my business. Need expert help with your podcast? Go to www.podcastvasph.com.

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Copyright 2022 - The Energy Show, Barry Cinnamon I was recently a guest on the Rob Black Show. Rob is a popular TV, radio and podcast financial expert. So in a twist, we talk about leveraging the savings from the Inflation Reduction Act to maximize your Individual Retirement Account. There's been lots of news coverage about homeowner's saving money from the solar, battery, heat pump and energy efficiency incentives in the Inflation Reduction Act. What is less apparent is that, as the IRA spurs adoption of new energy technologies, the companies that provide these technologies will also see rapid growth in their businesses. Please tune into this week's Energy Show — courtesy of Rob Black — to learn about the impact that the Inflation Reduction Act will have on both homes reducing their energy costs as well as businesses that provide these benefits.

What's in a name? On Tuesday, President Biden signed the Inflation Reduction Act (IRA) into law (and let's not confuse this IRA with the older “IRA” as in Individual Retirement Account). That's certainly less of a mouthful than, say, the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 and its proposed sequel. But will the IRA actually have an impact on inflation? Will it change how IRAs work? And what's this carried interest tax loophole that everyone was so worked up about? These are just some of the questions that we've been fielding about the IRA at Keen Wealth. On today's show, we answer these questions and discuss five major bullet points about the new law.

A military spouse's retirement is an important part of a military family's retirement planning. Thankfully more and more military spouses are taking advantage of using Individual Retirement Accounts or employer 401ks to save for their future. The challenge for military spouses is to decide what to do in situations where you have multiple 401k accounts because of your many job changes due to PCSing. In this episode, I talk with Patrick Ortman, a military spouse and a Certified Financial Planner on best practices military spouses can use to help them make decisions and manage multiple 401ks. Patrick founded Ortman Financial Planning in 2016, a financial planning and investment management firm located in Bethesda, MD. He has a strong focus on his clients' overall financial well-being and recognizes that money is only a tool to help achieve the vision each person has for their life. Show notes can be found here: https://laceylangford.com/podcast/multiple-401ks/

On this episode of DIY Money, Logan and Daniel discuss when to invest individual retirement accounts. 

In this episode we breakdown Individual Retirement Accounts and non-employer sponsored retirement accounts After creating and executing your debt freedom plan the next step is to put some kind of savings into an investing plan specifically for retirement. The most important thing to remember is that it takes Age to retire not money. Thank you so much for listening. If you like the podcast, please rate it 5 stars on Apple Podcast! Much love and appreciation and have a great day. Follow Us The Young Millionaire In Training Brand for daily financial tips and motivation *Follow us: Instagram: @The_YMIT_podcast | Facebook: The Young Millionaire In Training Podcast |Youtube: The Young Millionaire In Training | Join our Free Facebook group: Young Millionaire In Training Financial Tips. * The Goal of the platform is to help those that are moving slow financially get up to speed as well as become a safe space that can open up a healthy conversation about money and finances In a realistic way. We will discuss investing in businesses, the stock market, real estate, crypto as well as other avenues. All while addressing the financial mindsets that stop us from creating and maintaining a budget and take the risk necessary to properly set and accomplish goals. If you know anyone that could benefit from the podcast share it with him or her! * This is not financial advice and any companies discussed on this show are for illustration purposes only. *Please discuss all investment decisions with a licensed professional* --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/warren-ganues7/support

A listener asks: "I was reviewing my Individual Retirement Account with my advisor and he said that there was a .25% maintenance fee, which is the lowest around. I was confused about what this meant since you have talked about expense ratios in the past. Can you explain?" Matt and I discuss what this fee is, but more importantly what does this mean for you? You might be losing out of tens of thousands or even hundreds of thousands of dollars that could be in your pocket. I'm certainly not saying that financial advisors shouldn't be paid or don't provide value - I'm one! But I do want you to understand what you are paying because so many times the fees are completely hidden.  An account maintenance fee is an amount that you pay based on multiplying a small percentage times your account balance. That could add up quickly depending on the balance! And what's more, that small percentage could mean many thousands of dollars lost from compounding in your favor. But worse, the investments inside your account could be costing you even more on top of that fee! Find out more about Mike athttps://www.mortonfinancialadvice.com/ ( https://www.mortonfinancialadvice.com) and connect athttps://www.linkedin.com/in/mwsmorton/ ( https://www.linkedin.com/in/mwsmorton/)

How much do you know about Individual Retirement Accounts? How do you contribute? How much can you contribute? What's the difference between traditional and roth? How do Self-Directed's work? What are ways to pull money out without getting penalized? There's a lot of complicated in's and outs when it comes to it and your wealth is at stake. That's where we come in. The whole focus of the NoBS Wealth podcast will be changing your money mindset and building wealth. We will also be talking about markets, news updates, business planning, employee benefits, 401k's, benefits and much, much more with a No BS approach. 

Scott discusses one of the factors contributing to whether you should invest in a Roth IRA or a Traditional IRA.

In this episode, the Huddle Guys kick us off with sports shout outs that span the MLB, NBA, and NFL. They then welcome Rob Santos. Rob is currently the CEO of Arrowroot Family Office and Arrowroot Partners, after spending many years with Wall Street investment firms. Rob is an expert in a variety of investment tools, including Self-Directed Individual Retirement Accounts (IRAs). By definition, Self-Directed IRAs are a type of Individual Retirement Account that can hold a variety of alternative investments not allowed by regular IRAs, like real estate, limited partnerships, revenue and royalty streams. Listen as the Huddle Guys and Rob discuss the benefits of Self-Directed IRAs and some things to watch out for as these investment tools come under greater scrutiny. This is a topic that you will want to have professional help and guidance to navigate. You can always contact the Huddle Guys for additional support and services. www.pierreaccounting.com www.iljcpa.com It's time to huddle up!

Neighborhood Money is back to talk about retirement for the second week straight - specifically on Individual Retirement Accounts! What the heck is an IRA? Traditional or Roth what?? Listen in for an in depth conversation on what all this means and how you can use it to set yourself up for a financially free retirement! Oh...and stay tuned to hear all about a kitchen demo and how Murphy's Law has entered the Neighborhood.

Listen as host David Jean and ARB Principal Dan Doiron dive into the second episode of our retirement series, discussing the ins and outs of individual retirement accounts.

Today's episode of the Equity Compensation Guidebook is the start of another mini-series. I did one before and the responses were positive so I thought I would do another. Plus, this is a great way for me to dive deeper into an equity compensation-related topic. These can be complex topics and my choices are to do a long episode or break the topic into manageable parts. My philosophy is to keep these episodes well under 30 minutes. Why? As a child of the '80s, I learned everything can be solved in a 30min sitcom episode. I figure that applies to podcasts too, right? I covered the generalities of what net unrealized appreciation or NUA is in episode 28 so if you haven't already, go check that one out! And if you have, thanks! You will want to hear this episode if you are interested in... Don't be an NUA guinea pig [1:30] The rollover Individual Retirement Account [2:55] The lump-sum [4:08] When to consider an NUA [5:33] Saving big when you utilize an NUA [6:14] This week's FLASHBACK [8:51]  Connect With Dan Johnson https://forwardthinkingwm.com  Subscribe on Youtube Follow on Linkedin

Are you afraid to talk about your finances? We get that. Sometimes we are embarrassed about where we are financially. In this short 5 minute session we talk about making new decisions based on new information. Understanding who you are. Our guiding principle comes from 1 Samuel 16:7Looking for a Christian Financial Advisor? Schedule a no obligation free consultation: www.abrwealthmanagement.com/consultationJoin our mailing list to receive more Christian Resources:http://eepurl.com/hnxGcDSubscribe on your favorite platforms:Apple Podcast:https://podcasts.apple.com/us/podcast/financial-advisors-say-the-darndest-things/id1546970147Spotify:https://open.spotify.com/show/0nkiUkwoJalvgFhZnsIbkkGoogle Podcast:https://podcasts.google.com/search/financial%20advisors%20sayFind us on LinkedIn:https://www.linkedin.com/company/abrwmToday we are going open up the discussion around one of our guiding principles. This is going to be ideas that you can share and pray over as you make your financial decisions. As a firm we use them to help our clients through challenging financial decisions. Whether it is from marriage, divorce, the birth of a child, the passing of a loved one, or even a major purchase. These guiding principles help us stay grounded and focused on God when the world wants to pull us away. I think every one's favorite quote is “Money is the root of all evil”. But we all know that money is not evil, but it is saying that if you look at the motivation for the evil, at the core, you will see a monetary gain.So let's dive into today's guiding principles. This is one that is on our website. It isKnow ThyselfGIVING PEOPLE THE FREEDOM TO BE WHO THEY ARE1 Samuel 16:7- For the Lord sees not as man sees: man looks on the outward appearance, but the Lord looks on the heart.”We encourage everyone to be open and fear not judgement for being who they want to be. Because God loves all of his children. But in order for us to help you. You must be honest with yourself. Just as the scripture says. We look on the outside but the Lord can look on the heart. And who knows the heart better than you? When you are making financial decisions, those who are helping you needs to know your heart. In today's society it is a little scary to expose yourself. We tend to put up this image of who we want people to see us as, as opposed to who we truly are out of fear of judgment. Because if they critique the image, our egos are protected because we feel that was not us in the first place. That is why we give people the freedom to be who they are. And this guiding principle is important because the moment our clients are not who they truly are, all of the other numbers go out of the window. If you tell me you save $400/month and I calculate that based on that total, you save $3600/year and a percentage of it can go into your contribution into your Individual Retirement Account for some tax deduction to your adjusted gross income…guess what?

Are you afraid to talk about your finances? We get that. Sometimes we are embarrassed about where we are financially. In this short 5 minute session we talk about making new decisions based on new information. Understanding who you are. Our guiding principle comes from 1 Samuel 16:7Looking for a Christian Financial Advisor? Schedule a no obligation free consultation: www.abrwealthmanagement.com/consultationJoin our mailing list to receive more Christian Resources:http://eepurl.com/hnxGcDSubscribe on your favorite platforms:Apple Podcast:https://podcasts.apple.com/us/podcast/financial-advisors-say-the-darndest-things/id1546970147Spotify:https://open.spotify.com/show/0nkiUkwoJalvgFhZnsIbkkGoogle Podcast:https://podcasts.google.com/search/financial%20advisors%20sayFind us on LinkedIn:https://www.linkedin.com/company/abrwmToday we are going open up the discussion around one of our guiding principles. This is going to be ideas that you can share and pray over as you make your financial decisions. As a firm we use them to help our clients through challenging financial decisions. Whether it is from marriage, divorce, the birth of a child, the passing of a loved one, or even a major purchase. These guiding principles help us stay grounded and focused on God when the world wants to pull us away. I think every one's favorite quote is “Money is the root of all evil”. But we all know that money is not evil, but it is saying that if you look at the motivation for the evil, at the core, you will see a monetary gain.So let's dive into today's guiding principles. This is one that is on our website. It isKnow ThyselfGIVING PEOPLE THE FREEDOM TO BE WHO THEY ARE1 Samuel 16:7- For the Lord sees not as man sees: man looks on the outward appearance, but the Lord looks on the heart.”We encourage everyone to be open and fear not judgement for being who they want to be. Because God loves all of his children. But in order for us to help you. You must be honest with yourself. Just as the scripture says. We look on the outside but the Lord can look on the heart. And who knows the heart better than you? When you are making financial decisions, those who are helping you needs to know your heart. In today's society it is a little scary to expose yourself. We tend to put up this image of who we want people to see us as, as opposed to who we truly are out of fear of judgment. Because if they critique the image, our egos are protected because we feel that was not us in the first place. That is why we give people the freedom to be who they are. And this guiding principle is important because the moment our clients are not who they truly are, all of the other numbers go out of the window. If you tell me you save $400/month and I calculate that based on that total, you save $3600/year and a percentage of it can go into your contribution into your Individual Retirement Account for some tax deduction to your adjusted gross income…guess what?

Today on the Finance Flash Go! podcast, the topic is Traditional IRAs! A Traditional IRA or Individual Retirement Account is an investment account available to any individual. You can contribute up to $6000 yearly (as of 2020) to a Traditional IRA. Money put into this account is not taxed. Again, the money grows and then is taxed upon withdrawal (when your effective tax rate is likely lower). Money can be withdrawn without a 10% penalty beginning at age 70½. The main issue with a Traditional IRA is that the initial tax deduction upon contributing money is phased out for individuals making more than $75,000 or married couples making more than $125,000 in 2020. Physicians will be above this income limit and therefore, their contributions will be taxed twice – once at contribution and once at withdrawal! Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to financeflashgo@gmail.com, and please be sure to check out Jordan Frey's blog prudentplasticsurgeon.com where he gives great financial advice. A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner's responsibility to due their due diligence before making important financial decisions. We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!

In today's episode, I'm interviewed by Matt Robison in his on-air radio show Your Money - where we discuss Traditional IRA vs Roth IRA.  Where should you invest your money?  Which one makes more sense?  And be sure to listen to the end where we talk about Roth Conversions and Back-Door strategies.  We cover topics such as: What is an IRA? What is the difference between a Traditional IRA and a Roth IRA? Which type of account is best? If I'm young and starting my career, should I use a Roth? What if I'm in the middle of my career or about to retire? What is a Roth Conversion and when should I do that? What is a Backdoor Roth? Find out more about Mike at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/

Traditional. Roth. Conversions. Everything you need to know to get started in thinking about Individual Retirement Accounts from financial advisor Mike Morton.

We've all heard the acronym, but how do we best utilize Individual Retirement Accounts? Host Conner Combs tackles the differences, the rules, and a couple real life examples of properly using each kind of IRA.

Are you familiar with an IRA? An IRA is an Individual Retirement Account. It is another vehicle that can be used to help save for retirement and it provides beneficial tax incentives. Many 401ks are lacking when it comes to investment selection, not everyone is offered a 401k and those that are aren't always offered a match, so these are just a few reasons why one might choose to set up an IRA. In this episode, I discuss the differences between an IRA and a 401k, the two primary types of IRAs, the differences between them, the tax rules associated with them and how they can be a beneficial investment strategy. Enjoy! Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188 

When it comes to wealth-building for retirement, there are few better options to invest your money in than IRAs. Though some may say it stands for “Individual Retirement Accounts”, the IRS defines IRA as “Individual Retirement Arrangements”. Either way, these are the topic of today's video. We will discuss: 1. IRA 101: A guide to investing with IRAs 2. How IRAs are distinctly different from employer sponsored plans 3. How rolling funds into an IRA works