Podcasts about IRS

Thinking about turning your primary residence into a rental property? Before you hand over the keys to a tenant, there are important tax rules every homeowner and real estate investor should understand. In this episode of Tax Tuesday, Anderson Advisors attorneys Eliot Thomas, Esq. and Amanda Wynalda, Esq. answer listener questions about converting a personal residence into a rental, including one of the biggest areas of confusion: What happens to your property's tax basis when you start renting it? If you bought your home years ago for $300,000 and it's now worth $1 million, can you depreciate the property based on its current value—or does the IRS look at something else? Eliot and Amanda break down how basis and depreciation work when converting a home to a rental and why understanding these rules can make a major difference in your tax strategy. They also cover selling a former rental after converting it into a primary residence, Section 121 capital gains exclusions, 1031 exchanges across state lines, installment sales, oil and gas deductions, business expenses, and IRMAA income thresholds. Whether you're a homeowner considering becoming a landlord or an experienced real estate investor looking for smarter ways to manage taxes, this episode covers important tax concepts to understand before making your next move. Would you like to learn more about passing down your estate? Schedule a free consultation here: https://aba.link/5b425e Register for the next Tax Tuesday webinar to get your questions answered Live: https://aba.link/rapa  Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/e4ab1e  What You'll Learn What happens to your tax basis when you convert your home into a rental How depreciation works when a home's value has increased significantly Tax considerations when selling a rental that later became your primary residence How the Section 121 capital gains exclusion applies to converted rental properties Whether a 1031 exchange replacement property needs to stay in the same LLC How installment sale treatment works under IRC §453 Tax considerations for oil and gas working interest investments How to handle personal purchases accidentally charged to a business credit card When a new business is considered a legitimate business for tax purposes How income can affect IRMAA Medicare premiums Show Notes & Chapters 0:00 – Intro Eliot Thomas, Esq. and Amanda Wynalda, Esq. introduce today's Tax Tuesday and the listener tax questions they'll be answering. 9:24 – Oil & Gas Working Interest Tax Deductions How do first-year deductions for tangible and intangible drilling costs work with an oil and gas working interest, and does holding the investment through a disregarded LLC affect the tax treatment? 17:39 – Can a Lump-Sum Payment Qualify as an Installment Sale? Under IRC §453, can a property sale qualify for installment sale treatment when the transaction closes in one year but the seller receives the entire payment the following year without seller financing or a promissory note? 24:25 – Turning Your Home Into a Rental: What Happens to Your Tax Basis? A homeowner purchased a house for $300,000 approximately 20 years ago, but today the property is worth roughly $1 million. If the homeowner converts the property into a rental in 2026, what basis should be used for tax and depreciation purposes? 28:05 – Selling a Former Rental After Making It Your Primary Residence What happens when you convert a long-term rental property into your primary residence and later sell it? Eliot and Amanda discuss the potential capital gains consequences and how the Section 121 exclusion can come into play. 38:46 – Using an LLC for a 1031 Exchange Across State Lines If a Washington LLC sells California investment property and completes a 1031 exchange into an Alaska property, does the replacement property have to remain in the same LLC—or can the investor create a new entity? 46:04 – Does Your Business Have to Make a Profit to Be a Business? Can a newly launched consulting business still qualify as a legitimate business if it has generated very little revenue? Learn what business owners should understand about profitability and operating a new venture. 51:45 – Accidentally Using Your Business Credit Card for Personal Expenses What happens if you accidentally—or intentionally for the rewards points—put a personal purchase on your business credit card? Can your accountant simply exclude the purchase from deductible business expenses? 57:35 – IRMAA Income Limits & Social Security How does a higher adjusted gross income affect IRMAA for a married couple receiving Social Security? Eliot and Amanda discuss how income levels can influence Medicare-related costs. About Tax Tuesday Tax Tuesday helps real estate investors, business owners, and taxpayers better understand complex tax rules and strategies through real-world questions answered by Anderson Advisors professionals. In this episode, Eliot Thomas, Esq. and Amanda Wynalda, Esq. break down practical tax questions involving rental real estate, capital gains, 1031 exchanges, business deductions, investment strategies, and retirement-related tax considerations.

Here's how door-to-door reps legally pay less tax and keep more of every commission they earn.Grab the free Business Playbook to structure and run your income like a real business: https://ownersos.com/business-playbook?utm_source=youtube&utm_medium=description&utm_campaign=ownersos&utm_content=how-door-to-door-reps-legally-pay-less-tax-playbookSean Finnegan built Tax Hive to give 1099 earners and small business owners the kind of tax strategy the big firms usually reserve for their biggest clients. He breaks down the moves that actually move the needle: setting up an LLC and electing S-corp status to cut self-employment tax, stacking from up to 1,400 available deductions, using the Augusta rule to rent your home to your business tax-free, and writing off the interest on a made-in-USA vehicle. He also tells the raw story of raising 1.5 million, losing all of it, and clawing his way back through relationships.Sean Finnegan is the founder of Tax Hive, a partner of Kevin O'Leary, and the creator of the X Room networking community. He sat down with D2D Experts' James Edwards to unpack tax strategy for the door-to-door world.What you'll learn in this episode:Why an LLC plus an S-corp election cuts your self-employment taxHow to stack from up to 1,400 business deductionsThe Augusta rule: renting your home to your business tax-freeWriting off car-loan interest on a made-in-USA vehicleHow Sean came back from losing 1.5 millionHere's the truth nobody tells you when you go 1099. It's not what you make, it's what you keep. Most reps hand the IRS thousands of dollars they never had to. Set up your structure, learn the deductions, and build the relationships that actually scale you. Don't leave money on the table.His show is brought to you in partnership with Forge and D2D Experts. If you're ready to run your income like a real company, Owner's OS is the operating system built for it: the org chart, role clarity, KPIs, and one-on-one system that let the business run without you. Get the Owner's OS operating system: https://ownersos.com/?utm_source=youtube&utm_medium=description&utm_campaign=ownersos&utm_content=how-door-to-door-reps-legally-pay-less-tax-osThank you for listening! Don't miss out on future episodes! Subscribe to The D2D Podcast on Apple Podcasts and Spotify.Follow us on Facebook and Instagram. You may also watch this podcast on YouTube!You may also follow Sam Taggart on Facebook, Instagram, and TikTok for more nuggets on D2D and Sales Tips.

BREAKING: The Trump administration has unveiled a sweeping new proposal that could put the federal tax-exempt status of as many as 18,000 private schools, colleges, universities, professional schools, and trade schools on the line.Under the proposed Treasury Department and IRS regulations, private educational institutions could lose their 501(c)(3) tax-exempt status if they maintain policies or programs that discriminate or provide preferences based on race, color, or national or ethnic origin.The proposal reaches far beyond college admissions. It could apply to scholarships, financial assistance, athletics, educational programs, facilities, and other school-supported activities.The administration says this is about enforcing one uniform standard: racial discrimination does not become acceptable simply because it is called diversity, equity, or inclusion.Schools would still be allowed to help disadvantaged students using race-neutral criteria—including family income, geography, first-generation status, individual hardship, military-family status, and academic achievement.But there is an important distinction: this is currently a proposed regulation, not a completed mass revocation of schools' tax exemptions. If finalized, it would apply to tax years beginning on or after May 31, 2027.In this episode of The Nez Report, Professor Nez breaks down what Trump has proposed, why tax-exempt status gives the administration enormous leverage, which institutions could be affected, and what happens next.Do you support ending tax-exempt status for schools that use race-based preferences? Let me know in the comments.Subscribe and turn on notifications for breaking political news, America First commentary, and straightforward analysis without the mainstream-media spin.Sources:U.S. Treasury: https://home.treasury.gov/news/press-releases/sb0621Associated Press: https://apnews.com/article/tax-exempt-status-colleges-schools-trump-f8556ba3d94099df3c8aaa06fc13105fWATCH THIS NEXT: https://youtube.com/live/4NLWhCT1bKkFor free and unbiased Medicare help, dial (656) 218-0931 to speak with my trusted partner, Chapter, or go to https://askchapter.org/nez✅ Reach out to me: https://bio.site/professornez✅ ORIGINAL MADE IN U.S.A 250TH AMERICA DESIGNS: https://professornez.myspreadshop.com/✅ Check out our Official Clips Channel: https://www.youtube.com/@professornezclips▶ Support the Channel and Buy us a Coffee: https://buymeacoffee.com/professornez

This week's episode covers a few things you might not think about until they directly affect you.

This week we look at: Federal Circuit Bars Treaty FTCs Against the NIIT -- Bruyea and Christensen Financial Disability Tolling and Third-Party Authorization -- Goldman v. United States OIC Public-Policy Rejections Upheld -- Filipowski v. Commissioner Substantiation and Alter-Ego Doctrine -- Hank Risan v. Commissioner Codifying Racial Nondiscrimination for Private Schools -- Proposed Section 1.501(c)(3)-2 IRS's Certified-Mailing Burden of Proof -- Wales v. Commissioner Automatic Accounting Method Changes for R&E and Construction -- Rev. Proc. 2026-32  

It's Labor Day, and coming up today on the Best of "The Federal Drive with Terry Gerton" One taxpayer's effort to solve an IRS problem led to a much larger question about how the agency is functioning today The Postal Service has long delivered ballots. Increasingly, policymakers want it to play a larger role in how ballots are validated and counted Military housing has been under scrutiny for years, yet many of the same complaints continue to surface. A closer look suggests the challenge may be bigger than any one landlord or property Questions about institutional capacity aren't new. Some of the federal government's oldest obligations have long faced a gap between commitment and executionSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We received a flurry of e-mails with questions regarding the footage we showed showing a backpack flying out of the trunk of Charlie's SUV, we also received e-mails asking for clarification on who fell out of the SUV, I'll address those emails and the text message that my debate opponent released that alleges Charlie said we was afraid "The Left" was going to kill him. 00:00 - Start. 01:33 - Updates on Charlie's security team members. 06:17 - The mystery of the key to Charlie's SUV. 13:09 - Who and what fell out of the trunk? 16:06 - Exclusive new footage of the mysterious "Chris." 22:19 - A major problem with Charlie's alleged text on 9/9. 44:29 - Final thoughts and comments. PDS Debt​ ​ Get your free, personalized assessment TODAY at http://pdsdebt.com/candace #PDSdebt #PDSpartner Nimi Skincare​ ​ Get 10% off your order with promo code CANDACE10 at http://www.NimiSkincare.com Tax Network USA​ ​ Do not wait for another IRS letter or a frozen bank account. Call 866-686-1651 or visit http://tnusa.com/candace  ZeroGhost​ ​​​​​​​​​​​​​​​​​ Visit http://www.ZeroGhost.com/Candace and use code CANDACE for $50 off your order. American Financing​​​​​​​​​​​​​​​​​ NMLS 182334, http://www.nmlsconsumeraccess.org. APR for rates in the 5s start at 6.327% for well qualified borrowers. Call 800-795-1210 for details about credit costs and terms. Visit http://www.AmericanFinancing.net/Owens. Average savings based on borrowers who save over $199.99. Candace Clips Channel: https://www.youtube.com/@ClipsCandaceOwens Candace Official Website: https://candaceowens.com Candace Merch: https://shop.candaceowens.com Candace on Apple Podcasts: https://t.co/Pp5VZiLXbq Candace on Spotify: https://t.co/16pMuADXuT Candace on Rumble: https://rumble.com/c/RealCandaceO Candace en Español: https://www.youtube.com/@CandaceOwensEnEspanol Candace Owens em Português: https://www.youtube.com/@CandaceOwensemPortugues Candace Owens en Français: https://www.youtube.com/@CandaceOwensEnFrançais Learn more about your ad choices. Visit megaphone.fm/adchoices

Man, some companies just don't know how to take care of people anymore. Is word of mouth not worth anything anymore? I guess these big companies don't feel they need things like "customers."Do you want some cool merch? Check out the store here- https://www.niceguysonbusiness.com/merch Need podcast production? We've got your back. https://turnkeypodcast.com/contact Your Voice, your message, fully produced. Leave a voice mail for the Nice Guys: 424-2DJ-DOUG – (424) 235-3684Join our Nice Guys Community. http://www.NiceShortCut.com No time to get to this, but you can read the blog here: 12 Worries Every Entrepreneur Has (or they are lying) Show notes written lovingly by the most anonymous man (or woman) in the world. Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. Discover how you can look 'poor' to the IRS and rich to a lender. Check out my sponsor, GTG Tax Planning, at gtgtax.com to book a short discovery call.

From the civil-rights struggle to voting access and ICE, the show exposes democracy's thousand cuts—and a reported Trump plan to use the IRS against dissenting nonprofits.Subscribe to our Newsletter:https://politicsdoneright.com/newsletterPurchase our Books: As I See It: https://amzn.to/3XpvW5o How To Make AmericaUtopia: https://amzn.to/3VKVFnG It's Worth It: https://amzn.to/3VFByXP Lose Weight And BeFit Now: https://amzn.to/3xiQK3K Tribulations of anAfro-Latino Caribbean man: https://amzn.to/4c09rbE

Tax Notes Capitol Hill reporter Cady Stanton previews what to expect from Congress this fall, from IRS funding to the possibility of a lame-duck tax package. For more, read the following in Tax Notes:House Sends Stopgap Funding Bill to Trump's DeskSenate May Act on Chief Counsel, Tax Court Nominees After RecessAll Eyes on Lame Duck for Last-Chance Tax Package in 2026**CreditsHost: David D. StewartExecutive Producers: Jeanne Rauch-Zender, Paige JonesProducer: Jordan ParrishAudio Editor: Laura Kondourajian

Things start surprisingly deep when Lern talks about listening to Rafe's appearance on The HoneyDew, where he discussed difficult experiences from childhood and finding comedy in darker moments. He explains the idea of turning life's lowlights into highlights, everybody agrees that nobody escapes childhood completely unscathed, and for one fleeting moment this sounds like a mature conversation between emotionally intelligent adults.Then Moon asks what everyone puts in their coffee.So much for that.Turns out King Scott likes his coffee like he likes his women... According to former Starbucks professionals, black-coffee drinkers might enjoy torturing themselves, caramel macchiato fans barely want coffee at all, vanilla-latte people play it safe, Frappuccino drinkers are basically ordering milkshakes, matcha people might be doing it for the aesthetic, and macchiato drinkers know exactly what they want—and apparently want the barista to know that they know.Then Rafe introduces the concept of a “bro drive-thru” serving pre-workout instead of coffee, because apparently this funny podcast is also an incubator for business ideas nobody should finance.Speaking of decisions nobody should finance, Shake Shack has a limited-edition Reese's Peanut Butter Cup shake featuring vanilla custard, peanut butter, fudge, a crackable chocolate shell, whipped cream, Reese's cups and Reese's Pieces. The damage? A completely reasonable and emotionally stable 1,900 calories with 158 grams of sugar.That sends the crew spiraling into their own hall of fame of caloric atrocities. Moon remembers casually annihilating an entire package of Double Stuf Oreos during his gaming days—potentially somewhere around 2,700 to 3,500 calories. Lern admits she could take down an entire gooey butter cake. And suddenly everyone is remembering the beautiful years when metabolism was magic and nutritional labels were merely decorative stickers.From there, Domino's new Detroit-style pizza promotion sparks the important question our Founding Fathers were apparently too cowardly to answer: What belongs on the Mount Rushmore of fast food?McDonald's fries enter the conversation. So does the Wendy's Frosty, Taco Bell's spicy potato soft taco, the Frisco Melt, Lion's Choice, Dairy Queen onion rings, Rally's fries, Del Taco, Freddy's and more. Nobody reaches a universal consensus because democracy has failed once again.Things somehow become less appetizing when the crew discovers a Walgreens three-in-one product described as a douche, enema and water-bottle combination system. There are some household products where “multipurpose” is a selling point. This may not be one of them.The show then gets into a study suggesting men have a complicated relationship with dieting, including the idea that some men may respond better to “goals” and “challenges” than the word “diet.” Rafe offers his own theory after seeing wildly confident dudes criticize women online while looking, in his words, like a thumb melting into a suit. Poetry remains alive in St. Louis.And because the current calendar apparently isn't irritating enough, Moon brings up a viral proposal to replace our 12 months with five beautiful 73-day monstrosities: Jebruary, Maple, Jaugust, Socktober and Nissember. Is a 73-day Jaugust horrifying? Absolutely. Are we intrigued by Socktober? Unfortunately, yes.We also discover that plenty of Americans apparently aren't sure what Labor Day celebrates, leading to the much more useful Rizz Show explanation that it exists so all pregnant women can give birth on the same day. Please do not cite us in an academic paper.Then Tupac conspiracy content leads into a survey asking whether Americans believe they could successfully fake their own deaths. Younger adults are more confident. Older adults have apparently lived long enough to understand that the IRS, prescription refills and bill collectors are undefeated.Finally, a high-school football season gets canceled amid an investigation into alleged misconduct at a football camp, leaving Moon to read a phrase from the reports on morning radio enough times that everyone involved should probably receive hazard pay.Coffee psychology. Childhood trauma. Reese's shakes. Oreos. Fast-food Mount Rushmore. Dieting. Socktober. Labor Day. Fake deaths. High-school football chaos.That is Episode 101 of The Rizzuto Show—and somehow the funny podcast survived all of it.Follow The Rizzuto Show → linktr.ee/rizzshow for more from your favorite daily comedy show.Connect with The Rizzuto Show Comedy Podcast online → 1057thepoint.com/RizzShow.Hear The Rizz Show daily on the radio at 105.7 The Point | Hubbard Radio in St. Louis, MO.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Things start surprisingly deep when Lern talks about listening to Rafe's appearance on The HoneyDew, where he discussed difficult experiences from childhood and finding comedy in darker moments. He explains the idea of turning life's lowlights into highlights, everybody agrees that nobody escapes childhood completely unscathed, and for one fleeting moment this sounds like a mature conversation between emotionally intelligent adults.Turns out King Scott likes his coffee like he likes his women... According to former Starbucks professionals, black-coffee drinkers might enjoy torturing themselves, caramel macchiato fans barely want coffee at all, vanilla-latte people play it safe, Frappuccino drinkers are basically ordering milkshakes, matcha people might be doing it for the aesthetic, and macchiato drinkers know exactly what they want—and apparently want the barista to know that they know.McDonald's fries enter the conversation. So does the Wendy's Frosty, Taco Bell's spicy potato soft taco, the Frisco Melt, Lion's Choice, Dairy Queen onion rings, Rally's fries, Del Taco, Freddy's and more. Nobody reaches a universal consensus because democracy has failed once again.Things somehow become less appetizing when the crew discovers a Walgreens three-in-one product described as a douche, enema and water-bottle combination system. There are some household products where “multipurpose” is a selling point. This may not be one of them.The show then gets into a study suggesting men have a complicated relationship with dieting, including the idea that some men may respond better to “goals” and “challenges” than the word “diet.” Rafe offers his own theory after seeing wildly confident dudes criticize women online while looking, in his words, like a thumb melting into a suit. Poetry remains alive in St. Louis.And because the current calendar apparently isn't irritating enough, Moon brings up a viral proposal to replace our 12 months with five beautiful 73-day monstrosities: Jebruary, Maple, Jaugust, Soctober and Nissember. Is a 73-day Jaugust horrifying? Absolutely. Are we intrigued by Soctober? Unfortunately, yes.Then Tupac conspiracy content leads into a survey asking whether Americans believe they could successfully fake their own deaths. Younger adults are more confident. Older adults have apparently lived long enough to understand that the IRS, prescription refills and bill collectors are undefeated.Du Quoin, Illinois is having a rough week, and this one hits close to home.Massive downtown fire in Du Quoin. Multiple businesses were destroyed, including Home Lumber Company, BJ's Garden Inn and other properties along the downtown business district. Making an already difficult situation even worse, the fire happened during the Du Quoin State Fair, one of the biggest economic weeks of the year for the small Southern Illinois community.From there, September 3rd's collection of completely necessary national holidays introduces National Welsh Rarebit Day, which briefly causes confusion over whether anyone is eating a rabbit. They're not. It's cheese. That discovery leads directly to Worcestershire sauce, pork-steak marinades and the shocking revelation that Rafe doesn't own a grill.After talking with Tim Virgin, she introduces a potential reality-dating concept called Rock Hard Island. The premise involves eligible bachelors from St. Louis rock radio, women applying to date them and enough trash-TV energy to immediately attract hypothetical sponsors. There isn't actually an island involved, but that's apparently a minor logistical concern. Even more alarming: sales is interested.Then Lern takes over for Crap on Celebrities with a packed entertainment rundown. There's a documentary about late Rush drummer Neil Peart featuring Geddy Lee, Alex Lifeson and fellow drummers including Stewart Copeland, Chad Smith and Danny Carey. Rush is also headed back to St. Louis, giving Moon another chance to see a band he thought he'd never get to experience after Peart's death.The crew runs through villains ranging from Cruella de Vil and Scar to Patrick Bateman, Magneto, John Doe and Dr. Evil, proving once again that this daily comedy show can turn almost any entertainment list into an argument.Finally, Moon breaks down which music genres are supposedly most popular in different states based on search trends, with pop leading the country, metal putting up an impressive fight and Sleep Token emerging as a heavily searched metal act.We ask one of the great questions of our time: why is everybody bringing their dog to the airport now? After seeing dogs everywhere at LAX—and hearing two cats meow their way through an entire flight—the crew falls directly into a pet-themed rabbit hole that somehow gets stranger from there.The crew admits to giving pets updates before leaving the house, whispering compliments to one dog so the other one doesn't hear, telling cats “I love you,” debating which pet is secretly the favorite, asking dogs what they want to watch on TV, and generally treating animals like tiny roommates who contribute absolutely nothing financially.That sends the crew back to 1993's The Three Musketeers, Tim Curry as Cardinal Richelieu, Charlie Sheen, Kiefer Sutherland, Chris O'Donnell, Oliver Platt, and the gloriously over-the-top “All for Love” combination of Bryan Adams, Rod Stewart, and Sting. This funny podcast briefly becomes a 1990s movie-and-music appreciation society nobody asked to join.Finally, a listener asks a dangerous question for people who have spent years working in radio: what song have you heard so many times that you never need to hear it again?In other words, another perfectly normal episode of daily comedy from The Rizzuto Show.Follow The Rizzuto Show → linktr.ee/rizzshow for more from your favorite daily comedy show.Connect with The Rizzuto Show Comedy Podcast online → 1057thepoint.com/RizzShow.Hear The Rizz Show daily on the radio at 105.7 The Point | Hubbard Radio in St. Louis, MO.Baristas Are Revealing The Coffee Orders They Associate With Super Specific StereotypesHigh school's entire football season canceled amid developing criminal investigationFire destroys three downtown Du Quoin businessesKirkwood City Council considers Walmart drone deliverySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

I've been through a lot in my life.    Adoption.    Prison.    Divorce.    As an entrepreneur, you're going to go through some stress.    Everything that happened to me prepared me to be an entrepreneur.     I've had slow months.    Been audited by the IRS.    And have been hit with things I didn't plan on.    Entrepreneurs are often overweight, out of shape, and have health issues.    The amount of cortisol created from the stress would kill most people.    Remember, it's just business.    This may help........don't take it personal.    Find solutions.    Get focused on those.    Take action and watch your stress levels decrease and your ability to manage it much easier.      About the ReWire Podcast   The ReWire Podcast with Ryan Stewman – Dive into powerful insights as Ryan Stewman, the HardCore Closer, breaks down mental barriers and shares actionable steps to rewire your thoughts. Each episode is a fast-paced journey designed to reshape your mindset, align your actions, and guide you toward becoming the best version of yourself. Join in for a daily dose of real talk that empowers you to embrace change and unlock your full potential.    Learn how you can become a member of a powerful community consistently rewiring itself for success at https://www.jointheapex.com/   Rise Above 

On today's episode of the podcast I chat with my friend, and HR specialist, Kira La Forgia about how to legally protect yourself when having employees on your team. About Kira Kira is the founder of Paradigm Consulting which serves small business owners and founder-led teams with accessible outsourced HR and growth strategy services. Kira started Paradigm in 2020 after 11 years working in operations and partnering with a lot of attorneys and accounting firms that couldn't speak to the laws in all 50 states. In HR, it is the primary expectation to understand the labor laws in all 50 states, so Paradigm offers not only on the compliance side but also on the education side and the strategic way they build out structures of small businesses for efficacy and profitability. The goal is to create systems and foundations for HR compliance that last through the duration of your business with minimal maintenance. So you don't have to have an in-house HR person. Why the HR/Hiring Topic is Important Even If You Aren't Ready to Hire It doesn't matter how much money you're making, you're not qualified to do all the things your business needs you to do, you'll need to bring in support from other people, especially as you grow. And whether that initial hire is a bookkeeper or an assistant or your friend's son who helps you on the weekend, it's important to know the laws on how to treat them without going into a category of misclassification or even exploitation. Understanding what you need before you need it is the best way to confidently move forward, which you may need to do at a moment's notice if your business grows rapidly. What Major Employment Laws Have Changed Since 2020 We had Trump in office 2016 to 2020. A big tax law passed in 2017 and then Biden got in office after the COVID pandemic had already kind of started. Now Trump is in office again. We're talking about laws, laws are passed by politicians and congress members so it has a great deal to do with who's in office at any particular time. Whoever's in office does influence how things are enforced, even at the granular level. The caveat is that when we're talking about the administration that's in office at a federal level, that still isn't really talking about the individual state laws, which most of our companies are going to be a little bit more focused on on the day-to-day. When it comes to your employees, you have to follow three different sets of rules: the IRS, so the tax stuff that comes into play,, the federal laws, and how those things are kind of enforced and not enforced, and then the state laws which are actually going to govern more a lot of your policies inhouse within your business. HR is based on a federal ruling that came out decades ago, and there is a National Labor Relations Board (NLRB) which enforces all the rules from the Labor Relations Act. At a federal level, this is the major piece of legislation that helps us make decisions about what is legal and what isn't along the way. When the NLRB decides that they are going to enforce certain rules or not that's when you start to see uptick in legal cases. There's another entity that we really want to pay attention to, the Equal Employment Opportunity Commission (EEOC). Both of these are independent of the federal government, but the EEOC is going to be a little bit more dictated by what the person in charge is deciding what's important. So with when it comes down to the NLRB, they're going to be enforcing this ruling as a standard legal proceeding. The way it works a lot of the time is the federal law sets the floor and then states have their own. For example, minimum wage. What that looks like in action for small businesses is that some of your handbooks are going to have the federal minimum wage as the requirement that's noted while other handbooks will have amendments based on the states that their people live in. You can't just go by one document. You have to make sure that you're keeping track of what happens in other states and industries, too. The states have enforcement within the state with their own labor boards. What To Look At If You're Hiring Worker Misclassification The back-and-forthness of misclassification of 1099s to W2s is one of the biggest risks for small businesses. It is really important to make sure that you're auditing that year-over-year based on the location of where that person lives, how you're functioning within the business with that person, and also what's right when it comes to how people are behaving and how we are making sure we're not exploiting other people or other small business owners. If you get audited and your hire was classified incorrectly, that comes around to bite you in the ass because you'll owe back taxes, penalties, and interest on it Employment Verification I-9s and employment verification is another area that is being influenced by politics. It's the bare minimum of hiring employees, making sure that you're following the I-9 process, which is basically documenting and checking to make sure that they're a US citizen which is required within 72 hours of your employee's first day. The lowest risk is classifying them as an employee and making sure you're educated on how to handle the I-9 process because then you're protected to get them started to work. You cannot rely on your payroll company to do this because they will not assume the risk. You are probably not qualified to go through the E-Verify system which is another reason that you need to have an HR partner on your side to run those checks for you. Your I-9s need to be stored separately from the rest of the documents that you're storing for your employees. If someone were to come in and audit your employment, it would be a discriminatory tactic to have their immigration information in their file. Pay Transparency Depending on the state you're in, you have to show the range that you're hiring someone for. If you're hiring for multiple states, you need to make sure it's posted publicly when you post the job. If there is any kind of role that you're looking to fill that is remote role eligible to anyone in the US then that means it has to follow all the laws of how you post jobs in the US which primarily comes down to pay transparency because you're required to have a salary range posted in many states. Anyone can file a complaint with the EEOC, not just the people who work for you, so you need to have everything together when you post a job listing. Bias We have our conscious and unconscious bias. As business owners we're trained to look for the ideal candidate, but applying your ideal client avatar to your hiring process is a no go. What candidates do with their time and their work outside of working with us is none of our business. What is our business is their level of qualification, how well you hit it off with them, what your priorities are. Paradigm makes rubrics in order to measure and make sure to reduce unconscious bias. The Stages of Hiring Hiring is a multi-phase process. You first make your business ready-to-hire by building foundation on which people are going to work. Make it a profitable hire. Go through the hiring process. Set the standard and tone for who you're bringing in with an organized, clear, direct, and legal hiring process. And then onboarding them. How we can avoid disgruntled employee issues starts with how we onboard them because it answers their questions right out the gate without leaving them confused. Employee Classification Classification varies state by state. Some basics when it comes to the federal law is there are six different factors that go into this but this most common factor to look out for first is that whatever service that your business provides, if this person is delivering on that service, then they need to be an employee. For example, a copywriting agency hiring a copywriter. These laws are trying to prevent larger businesses from exploiting smaller businesses and individuals. For example, if someone is acting as an employee and controlled by the person that employs them, then they do deserve the benefit of getting unemployment if they get let go. This law is trying to prevent that and create competition between businesses so there are fewer monopolies to avoid large businesses buying everything and then the small businesses have to go work for them. Legally Protecting Your Business Kira recommends handling your basic legal first before hiring employees. You don't need to be expanding and scaling your business if you don't have good contracts or a trademarked business because they are the things that you're protecting when it comes to your employees too and we talk about your handbook, protecting the assets you create, etc. Get in Touch with Kira La Forgia Follow Kira on Instagram @theparadigmm Connect with Kira on LinkedInListen to Kira's podcast, People on Purpose

The worst tax stories aren't about criminals, they're about ordinary people doing what they thought was allowed and stepping into a trap. Bri Conn, CFP® reads a string of real-world cautionary tales while Maddy Roche reacts and Dr. Jay Zigmont, CFP® explains what actually went wrong, from the influencer myth that your whole life becomes a write-off, to the unpaid tax bill that can revoke your passport at the airport, to the rent your unmarried partner pays you that the IRS counts as income. The throughline is one every Childfree person building a life outside the standard script needs to hear: the tax code has sharp edges around staying single, filing unmarried, and living abroad, and ignorance of the rules is the one excuse the IRS will never accept.In This Episode, You'll Learn:Why "I post about my life, so my life is a write-off" is a myth, how the IRS separates a real business with a profit motive from a hobby, and what actually happens when you never show a profitHow unpaid taxes can get your passport revoked, why the IRS can lien your home or garnish wages after the fact, and why a payment plan keeps you current and protectedWhy chasing a lower tax bill by moving states or obsessing over brackets can cost you far more in happiness than it saves, and how to weigh the real tradeoffsWhy getting legally married often works against Childfree couples on taxes and student loans, and how filing unmarried, gift-tax limits, and estate-tax cliffs quietly reshape the mathHow an ordinary foreign bank account can trigger FBAR reporting and life-altering penalties, and why your CPA and financial planner can only protect you if you tell them everythingEpisode Hosts:Bri Conn, CFP® is a Childfree Wealth Specialist® at Childfree Wealth® and Customer Experience Manager at Childfree Trust®. She specializes in financial management, life design, and estate planning, with particular focus on LGBTQ+ individuals and couples, drawing on her own early financial challenges and recovery to fuel her work in personal finance education.Dr. Jay Zigmont, CFP® is the Founder of Childfree Wealth®, a life and financial planning firm dedicated to helping Childfree and permanently Childless people, and Childfree Trust®, the first of its kind next of kin representation service for Childfree people. He is also the author of The Childfree Guide to Life and Money.Maddy Roche is the Chief Growth Officer at Childfree Trust®, where she leads all sales, marketing, and partnership initiatives and brings sharp insight to estate planning, LGBTQ+ legacy considerations, and Childfree financial decision making.About Childfree Insights:Childfree Insights delivers education for financial and estate planning without children. It supports people with no kids in making informed decisions about retirement, legacy planning, beneficiaries, and long-term care. Home of Childfree Wealth® and Childfree Trust®.Connect with Us:Ready to work on building better financial habits? Connect with our financial planning team at childfreewealth.com or learn more about estate planning at childfreetrust.com.Follow Childfree Life by Design on your favorite podcast platform and join the conversation on social media:Instagram: https://www.instagram.com/childfreeinsightsFacebook: https://www.facebook.com/ChildfreeInsights/LinkedIn: https://www.linkedin.com/company/childfreeinsightsYouTube: https://www.youtube.com/@ChildfreeInsightsDisclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast.

Could your tax return trigger a closer look from the IRS?In this episode of the Know Your Numbers REI Podcast, Chris McCormack breaks down 5 IRS audit red flags that business owners, entrepreneurs, and real estate investors should understand.The goal isn't to scare you—it's to equip you with knowledge so you can better understand what the IRS looks for, properly document your deductions, and make sure your tax strategy is both legal and defensible.Chris explains how today's technology allows the IRS to compare information across tax returns and third-party reports, making accurate reporting and proper documentation more important than ever.Chris also explains why proper bookkeeping, documentation, tax planning, and working with a knowledgeable CPA can give you greater confidence if the IRS ever asks questions about your return.If you found this episode valuable, like, follow, leave a review, and share it with another business owner or real estate investor.••••••••••••••••••••••••••••••••••••••••••••➤➤➤ To become a client, schedule a call with our team➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation••••••••••••••••••••••••••••••••••••••••••••Connect with Better Books on Social MediaFacebook: https://www.facebook.com/betterbooksaccounting.coInstagram: https://www.instagram.com/betterbooksaccounting.co→ → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ← https://www.youtube.com/@betterbooksaccountingThe Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

On the Money Meets Medicine podcast, Dr. Jimmy Turner and Justin Harvey answer three listener questions. First, they discuss 457 plans and how to determine if you should be participating in yours, including the three questions to answer to figure it out in your situation. They alos discuss if doctors should have emergency funds and, if so, how large they should be. Finally, they chat about investing bonus money: invest it all in at once? Or let it trickle in through dollar-cost averaging (DCA)?Resources for this episode: Every doctor needs own-occupation disability insurance. Get a quote from Money Meets Medicine Disability Insurance, co-founded by host Dr. Jimmy Turner. Are you looking for a new accountant? Check out Gelt, the tax strategy team that Jimmy Turner personally uses. Use this link to get 10% off Gelt's services the first year you work with them. Looking to increase your financial literacy, but not sure where to start? Get a free copy of Dr. Jimmy Turner's best-selling book, The Physician Philosopher's Guide to Personal Finance. IRS guide on differences between governmental and non-governmental 457 can be found here. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The biggest tax-saving opportunities often disappear long before your return is due. In this episode of the Registered Investment Advisor Podcast, Seth Greene interviews Jake Birnberg, Chief Tax Strategist of Deduction Detectives, Inc., who shares why proactive tax planning can be especially important for business owners, property sellers, retirees, and others facing significant tax liabilities. He explains why December 31 can matter more than April 15 for planning purposes, how waiting too long can eliminate available strategies, and why tax decisions should be coordinated with both financial and life goals. Jake also discusses combining multiple tax strategies, using cash flow mapping to improve outcomes, and the importance of getting tax advice from someone who can defend that advice before the IRS. Key Takeaways:→ Tax planning is most effective when it happens before a major financial transaction rather than after the tax year has already closed.→ December 31 can be more important than April 15 because many planning opportunities disappear once the tax year ends.→ Selling a business, selling appreciated property, retiring with significant pretax assets, or earning substantial business income can create major tax-planning needs.→ Waiting until after a property is listed or sold can eliminate strategies that might otherwise have been available.→ Tax advice is more valuable when it comes from a professional who understands how to defend the strategy if the IRS challenges it. Jake Birnberg, EA, graduated with a degree in finance from UC Berkeley in 1988. His career has spanned investment banking, retirement planning/wealth management, and tax planning/representation at firms such as Dean Witter, Shearson Lehman, and Hambrecht & Quist. As an IRS Enrolled Agent (EA), he is licensed to prepare taxes in all 50 states and to represent people before the IRS. He builds systems that integrate tax and financial planning to minimize taxes over his clients' lifetimes and maximize the retirement income available for spending. Connect With Jake:Website: https://deductiondetectives.com/LinkedIn: https://www.linkedin.com/in/jakebirnberg/

Working in coalition is one of the nonprofit sector's greatest strengths and can be especially powerful during election season. With the midterm elections around the corner, now is a good time for organizations to revisit their plans for election-related advocacy, including voter engagement, candidate education, and issue advocacy. A 501(c)(3) can collaborate with a 501(c)(4) and other nonprofits to advance common goals, pool resources, and build momentum. The key is knowing where collaboration ends and organizational boundaries begin, so allocate resources fairly, document cost-sharing agreements, and make sure each organization operates within the rules that apply to it.  In this episode, we'll explore best practices for 501(c)(3)s collaborating and sharing resources with organizations operating under different tax rules during election season, including how to keep coalition work effective, compliant, and nonpartisan.  Attorneys for this Episode:   Maggie Ellinger-Locke   Sarah Efthymiou  Monika Graham   501(c)(3)s Must Remain Nonpartisan   Internal Revenue Code: 501(c)(3) organizations are prohibited from directly or indirectly participating in partisan political activity on behalf of, or in opposition to, any candidate for public office.   The Facts & Circumstances Analysis  The IRS uses a "facts and circumstances" analysis to determine whether a 501(c)(3)'s communication about an issue is genuinely nonpartisan or is a veiled attempt to influence the outcome of an election. Factors include whether the communication mentions or evaluates candidates, references a candidate or election, occurs close to an election, or addresses an issue that distinguishes the candidates. The IRS also considers the broader context, including the timing, targeted audience, relationship to candidates' or political parties' communications, and whether the organization has a history of discussing the issue outside election periods. No single factor is determinative for the IRS looks at the full picture.  What are some best practices for engaging in coalition work during election season?   Build out the coalition's structure in advance.   Develop a memorandum of understanding (MOU) with coalition partners outlining shared goals, decision-making processes, communications, roles, and responsibilities.  Establish written cost-sharing agreements in advance to specify how shared costs will be allocated.  Clarify who is responsible for particular communications, activities, and resources.  Have a clear plan for keeping the 501(c)(3)'s work completely independent from partisan coalition work.  Questions to ask in advance:   What are your shared goals as a coalition?   Are you time-limited, meaning you plan to disband after the election, or do you plan to continue working together toward a shared policy goal?   Who is a member of the coalition?   How will you communicate?   How will decisions get made?   How formal or informal do you want the coalition to be?  What are some best practices for sharing resources?   What can organizations actually pool to increase their collective impact? Staff, volunteers, office space, equipment, communications, educational resources, and other shared assets can expand a coalition's reach and strengthen collaborative power. Organizations can share tools and capacity so long as they adhere to the rules that apply to each entity.  Things to Consider:   501(c)(3) resources and funds cannot be used to subsidize partisan political activity.  Manage the expectations and agreements before you get going.  Questions to ask:   How will the organization share those resources?  What are you going to share?   Who owns or controls the resource?   Which organization is using it, and for what purpose?   How will costs be allocated?   What happens if the use of that resource changes during the campaign?   Best Practices:   Know the Rules & Maintain Clear Boundaries: Understand each organization's tax status; keep governance, finances, and branding separate; and ensure there is a method for preventing the (c)(3)'s work from becoming intertwined with partisan activity.   Document & Allocate Resources Fairly: Use written agreements, allocate shared costs using a reasonable method, track staff time accordingly; and maintain records of expenses, reimbursements, and resource-sharing arrangements.   Don't Blur Organizational Lines: Use separate websites, social media accounts, and email addresses; clarify roles and responsibilities for each activity and/or communication; and make sure (c)(3) staff, volunteers, and resources are used only for activities it can legally undertake.  Avoid Free or Below-Market Resource Sharing: If a resource has value—such as email lists, mailing lists, or voter registration files —it generally should be reimbursed at fair market value or through a reasonable cost-allocation agreement.  Best practice is to use a list broker.  Renting or exchanging lists can raise other legal and/or tax questions. For example, while list rental income is generally considered royalty income (and exempt from UBIT), if rented to a campaign, this exception does not apply to rentals made to political campaigns or PACs (the IRS does consider this to be UBI and therefore subject to tax.   Nonpartisan voter registration files may only be rented to a 501(c)(4) or 527 at fair market value or exchanged for data of equal value. Even then, the circumstances in which these agreements can be made are complex, so it's wise to get legal advice.  What's the bottom line?  Sharing resources can strengthen partnerships, reduce costs, and advance meaningful change. Coalition building is literally solidarity in action—organizations coming together to advance joint goals. And we know we are stronger together, so establish agreements upfront, allocate costs fairly, keep good records, and maintain clear organizational boundaries. When done thoughtfully, collaboration can amplify a unified voice and build momentum while protecting each organization's tax-exempt status.  Resources  The Connection  501(c)(3) & 501(c)(4) Collaboration  Sample Allocation of Costs Agreement   Rules of the Game: Can We Rent (Or Share) That?  Comparison of 501(c)(3) & 501(c)(4) Permissible Activities  Rules of the Game: A Guide to Election Related Activities for 501(c)(3)s 

"It's not how much money you make that matters. It's how much money you keep."   This episode covers the newest updates to the tax overhaul President Trump signed in 2025, including how the IRS is now interpreting rules on overtime pay, tips, and the $1,000 Trump accounts for kids. He breaks down the actual 2026 marginal tax brackets, the higher standard deduction, and the new senior deduction, and notes that about a third of IRS auditors have recently been let go.   Jaspreet Singh walks through four assets wealthy people use to legally reduce how much they pay in taxes: the Roth IRA, real estate, oil, and business ownership. He explains strategies like the backdoor Roth IRA, real estate depreciation and the 1031 exchange, and the deductions available to business owners, drawing on conversations with Ken McElroy and Robert Kiyosaki to illustrate how each works in practice.   In this episode, you'll learn: The updated 2026 marginal tax brackets under the One Big Beautiful Bill Act, and the new rules on tax free overtime pay and tip income, including the income phase out limits The increased standard deduction and the new $6,000 senior deduction for people over 65 How a backdoor Roth IRA works for high earners who exceed the income limits Real estate depreciation, accelerated depreciation, and the 1031 exchange Ken McElroy's example of using bonus depreciation on a billboard investment, and Robert Kiyosaki's approach to reducing his tax bill through oil well investments The qualified business income deduction and other common business write offs   Keywords: tax planning, tax brackets, One Big Beautiful Bill Act, Roth IRA, real estate depreciation, 1031 exchange, standard deduction, qualified business income, tax deductions, wealth building   ✅ Grab a FREE copy of my ebook ABB: Always Be Buying here: https://go.briefs.co/abb-ebook/?utm_campaign=tof_content&utm_medium=organic&utm_source=podbean&utm_placement=podbean_description&utm_term=mm&utm_content=the_irs_is_disappearing_and_the_rich_know_it&utm_category=null&utm_headline=null&utm_copy=null&utm_hook=null&utm_media=null&utm_funnel_type=ap2vsl&utm_audience=null&utm_owner=as   Welcome to the Minority Mindset Show! Want more financial news? Join Market Briefs, my free daily financial newsletter: https://link2.briefs.co/gie Below are my recommended tools! Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or podcast). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------

IRS audit revenue plunges after Trump-era staffing cuts; Rahm Emanuel attacks DSA; Sanders fights a mail-voting power grab; Trump distorts Medicare for All costs. Subscribe to our Newsletter:https://politicsdoneright.com/newsletterPurchase our Books: As I See It: https://amzn.to/3XpvW5o How To Make AmericaUtopia: https://amzn.to/3VKVFnG It's Worth It: https://amzn.to/3VFByXP Lose Weight And BeFit Now: https://amzn.to/3xiQK3K Tribulations of anAfro-Latino Caribbean man: https://amzn.to/4c09rbE

We've launched Minimum Competence CLE, and our first course is now available completely free. Researching Federal Tax Issues After Loper Brightlooks at how the Supreme Court's decision ending Chevron deference changes the way lawyers should research and evaluate Treasury regulations, IRS guidance, and other federal tax authorities.Take the course and earn CLE credit at cle.minimumcomp.com.This Day in Legal History: The Treasury Department Is CreatedOn September 2, 1789, Congress passed the act establishing the Department of the Treasury—the third executive department created under the new Constitution, after Foreign Affairs and War, both of which we've marked on this show. A week or so later, President Washington would name Alexander Hamilton its first Secretary, and with that appointment, one of the most consequential careers in American governance began.The Treasury Department was, in a real sense, where the abstract new government became a functioning state. Hamilton inherited a country drowning in Revolutionary War debt, with no reliable revenue, no national bank, and shaky credit at home and abroad. Over the next few years, from that department, he engineered the financial architecture of the United States: the federal assumption of state debts, a system of customs duties and excise taxes to actually bring in revenue, the First Bank of the United States, and the establishment of public credit as a national asset. His conviction—captured in today's opening quote—was that a manageable national debt, properly serviced, would knit the country's creditors to its success and give the young republic financial standing in the world.The significance of September 2, 1789 is that the Treasury became, and remains, one of the most powerful institutions in American life. It runs the IRS, manages the public debt, enforces sanctions, and shapes economic policy in ways that touch every person in the country. The debates Hamilton started—about debt, about taxation, about how much the federal government should do with its fiscal power—are debates we are still having, quite literally, in every episode where we cover a tax question. And it's a fitting anniversary for today, because our final segment is a tax story—a reminder that the unglamorous machinery of how governments raise revenue, which Hamilton built, is where an enormous amount of real policy actually happens.A Utah judge has ruled that there is enough evidence to send Tyler Robinson to trial for the assassination of conservative activist Charlie Kirk—and, critically, that prosecutors may seek the death penalty. We covered the prosecution's theory of this case back in July; now it has cleared its first major legal hurdle. At a preliminary hearing, Judge Tony Graf found the state had met the probable-cause standard on all seven counts, including aggravated murder, concluding that the evidence was “sufficient at this stage to support a reasonable belief that the defendant is the individual who shot and killed Charlie Kirk.” A word on that standard, because it matters: a preliminary hearing is a low bar. The state doesn't have to prove guilt beyond a reasonable doubt—that's for the trial. It only has to show probable cause, a reasonable belief that a crime occurred and this defendant committed it. So this ruling isn't a verdict; it's a green light to proceed. The most consequential fight at the hearing was over whether this qualifies as aggravated murder, the charge that makes the death penalty available. Under Utah law, that generally requires an aggravating circumstance—and here prosecutors argued that Robinson, by allegedly firing a rifle from a rooftop toward Kirk near a crowd at Utah Valley University, knowingly created a great risk of death to people other than his target. The prosecutor called it “common sense” that shooting into a crowd endangers others; the defense contested it. The judge sided with the state, keeping capital punishment in play. The significance is that this now becomes a death-penalty trial in a case already saturated with political meaning, and everything—the evidence, the alleged motive, the aggravating circumstances—will now be tested under the far more demanding standard of a jury trial. Utah judge rules accused killer of Charlie Kirk will stand trial, face death penalty | ReutersNPR · CNNNow for something lighter, though still a real lesson in criminal procedure: Tiger Woods has reached a plea deal in his Florida impaired-driving case, and will lose his driver's license for five years. Woods was arrested in March after a rollover crash on Jupiter Island; no one was hurt. Under the plea agreement, prosecutors amended the charges—the first count down to reckless driving as a second offense, and the second to a careless-driving citation—and Woods agreed to the five-year license suspension plus a $1,500 fine, avoiding jail time. This is a textbook illustration of how plea bargaining actually works: the vast majority of criminal cases never go to trial, and instead resolve through negotiated pleas in which the defendant accepts responsibility for a reduced charge in exchange for a lighter, more certain outcome, and the state secures a conviction without the cost and risk of trial. Two details are worth flagging. First, “second offense”—Woods had a prior reckless-driving plea back in 2017, and repeat offenses generally carry stiffer consequences, which is part of why the license suspension is so long. Second, the judge was pointed about that suspension, saying it's “for the safety of the public” and that there are “no exceptions”—drive for any reason at all, the judge warned, and Woods goes straight to jail. The significance, beyond the celebrity, is a clean look at how the system handles impaired driving for someone who isn't a first-timer: not incarceration, but a charge reduction paired with a long, strictly-enforced license suspension aimed squarely at keeping him off the road. It's the everyday machinery of criminal justice, applied to an extraordinarily famous defendant. Woods gets 5-year license suspension in plea deal | ReutersABC News · CNNAnd finally, in my column for Bloomberg Tax this week, I take on a delightfully wonky problem with a real-world bite: the way Massachusetts taxes interstate trucks. My argument is that the state's rolling-stock tax is backward—it functions, weirdly, as a reverse carbon tax and a hidden tax on consumers—and that the fix isn't simply to exempt trucks, but to redesign the tax around where the trucks are actually used.Here's the problem. Massachusetts applies its sales and use tax to the full purchase price of an interstate truck, even if only a sliver of that truck's miles are logged in Massachusetts. Under state guidelines, a truck basically escapes the tax only if it spends six or fewer days in the state over a year—spend a week, and you can owe tax on the vehicle's entire price. Now layer on a perverse consequence: newer, cleaner trucks cost more money, so a tax based on purchase price falls hardest on the newest, most efficient, lowest-emission equipment. That gives carriers an obvious incentive to keep their clean new trucks out of Massachusetts and send in their older, dirtier ones. A state that says it cares about emissions has built a tax that literally rewards operating older, more polluting trucks within its borders. And because this is a tax on a business input, it doesn't stay with the trucking companies—it gets baked into freight costs and shows up in the price of groceries, medicine, and building materials, a phenomenon economists call tax pyramiding and the rest of us call higher prices.So what should Massachusetts do? There's a House bill to exempt qualifying interstate rolling stock, and I say that moves in the right direction—but the state shouldn't stop at a blanket exemption. The cleaner solution is apportionment: tax the Massachusetts share of the truck's use, based on in-state mileage, the same way states already apportion other business activity. Massachusetts taxes the Massachusetts piece, New York the New York piece, and so on. That six-day threshold is a lousy proxy—the seventh day a truck rolls through the state doesn't magically make the other 358 days of interstate driving Massachusetts activity. I also argue the state should make sure that upgrading to a cleaner fleet never increases a carrier's tax bill—give newer, higher-emissions-standard vehicles a credit or adjustment. And because no carrier should face a different tax regime every time it crosses a state line, I think the right long-term answer is a uniform, mileage-based model rule developed through something like the Multistate Tax Commission. The bumper-sticker version of my argument: removing this distortion is environmental policy, even though it looks like a tax break—because sometimes the cheapest, smartest thing a government can do is just stop taxing the very behavior it claims to want. Massachusetts Truck Taxes Need Revamp Beyond Adding an Exemption | Bloomberg Tax This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Thank you PJ Schuster, Under the Golden Boot, Cheryl

Seven Life Insurance Tax Benefits Many People Are Unaware Of Episode 398 – It's not always easy to understand how life insurance works. But there are some unique tax advantages that often get overlooked. Here are seven of them. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 398 Hello, this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode: seven life insurance tax benefits many people are unaware of. Is there really such a thing as a simple financial product? Maybe. But in many—if not most— cases, tax law introduces complications that can make some products difficult for the typical consumer to understand. But with that comes opportunity. You're going to pay taxes anyway, but along the way, you might as well make an effort to minimize them. Life insurance, particularly permanent life insurance, offers its share of tax complexities. But many of these, if you truly understand them, can help produce advantageous after-tax results. Here are seven tax benefits you might not be aware of: 1) In most cases, the life insurance death benefit is income tax-free. This is probably the biggest, and most well-known, tax advantage of life insurance. When you receive a large sum of cash after someone dies, the taxation depends on where the money comes from. For example, if you inherit an individual retirement account or IRA, you are likely to be facing a significant income tax bill. Not so with a life insurance death benefit. We must caveat, that we are referring to typical lump-sum payouts directly to a named person that are generally income tax-free. Exceptions can occur due to interest earnings, estate size, policy transfers, or complex ownership structures. These are not typical scenarios, however. Using the typical scenario, the difference is potentially huge. If you're in a 32 percent tax bracket for example, your $1,000,000 of pre-tax cash will only be worth $680,000 after tax. But with the few exceptions already referenced, a $1,000,000 of life insurance death benefit is worth the full $1,000,000 after tax. 2) Tax-deferred growth of cash value. In most circumstances, a permanent life insurance policy will generate a cash value, which is also the amount you would receive if you surrendered the policy. Note that a term life insurance policy generally does not have any cash value.The cash value within a permanent policy—in most but not all cases—grows on a tax-deferred basis, unlike, say, a mutual fund or a stock that pays a dividend. The gains within the policy are not taxed from year to year. Gains only become taxable in certain circumstances, such as a cash surrender of the policy, certain withdrawals above your taxable basis, or if the policy lapses. 3) Tax-free borrowing via policy loans. You have the ability to borrow against your policy's cash value on a tax-free basis, within limits, as long as the policy stays in force. Tax-wise, loans are treated as debt, not income. As with most types of loans other than home mortgages, interest payments are not deductible. But unlike a bank loan, the loan decision is entirely yours. You don't have to ask anyone else to approve your application, and while you will continue to accrue interest, you are not required to pay the loan back at any particular time. 4) Receiving an “accelerated death benefit” that is generally tax-free. If you are chronically or terminally ill, you may be able to access a portion of the policy's death benefit while you are still living if the policy includes a chronic or terminal illness accelerated death benefit provision. From a tax perspective, assuming certain conditions are met, the distribution would be treated as an income tax-free acceleration of the eventual death benefit payment. 5) Tax-free exchanges via IRC Section 1035. You can also exchange one life insurance policy for another without being immediately taxed on any gains. There are, of course, some rules you'll need to follow. When the first policy is transferred, the money needs to go directly from the original transferring insurance company to the new insurance company. Of course, if the original company is also issuing the new policy then there is no physical transfer. The main thing is that you can't take receipt of the policy proceeds yourself during the exchange. Also, the new policy must have the same owner and insured as the old one. No material changes may occur but if you follow the rules, a Section 1035 exchange can be an opportunity to improve the life insurance benefits over the ones in your original transferred policy. The new policy may have a higher or less expensive death benefit, performance implications, or riders that may not have existed before or are better, all without any current tax implications. 6) A life insurance policy can help with estate taxes. Not many people think about this one. After all, federal estate tax law, as of 2026, allows you to leave up to $15 million to your heirs ($30 million for a married couple) before any federal estate tax is assessed.[1] But state estate tax laws are different. If you live in certain states, such as New York, Maryland or Massachusetts, the threshold is much lower.[2] Estate tax rates can be high, and an Irrevocable Life Insurance Trust (ILIT) can help ensure the associated life insurance proceeds are not included in your taxable estate, thus minimizing or helping to avoid a potentially significant estate tax. If this sounds like something you'd be interested in, it is recommended to consult with a qualified life insurance professional. 7) In a business situation, life insurance can potentially have tax advantages. Businesses can find ways to use life insurance in a tax-efficient manner. This might include buy-sell agreements, key-person insurance, split-dollar arrangements, or executive benefit plans. Premiums paid are generally not deductible for the business, but these strategies can still provide significant tax advantages to both the business and the insured individual(s). And here's a bonus tax-advantaged use of life insurance: 8) Potential retirement income. If the circumstances are right, a cash value life insurance policy can be used to supplement retirement income. This doesn't happen overnight; it's a strategy that generally needs to be planned out well in advance. Once a life insurance policy has been well-capitalized (and this usually takes someone many years) it is possible to access cash value through periodic tax-free loans and withdrawals to the policy's tax basis. This strategy can provide retirement income that is both tax-free and not subject to Required Minimum Distributions or RMDs. Such loans and withdrawals are generally not guaranteed. As is always the case with taxation, things can become very complicated, and there are some pitfalls to watch out for. One of the most notable is something called a “modified endowment contract.” The IRS specifies how much money can be paid into a life insurance contract, and if you exceed those limits, many of the tax advantages could be lost. It's too complicated to discuss in detail here, but it's a good illustration of why you need the help of a qualified life insurance professional. Interested in pursuing some of the special tax advantages discussed here? Your Security Mutual Life insurance agent can help. Your Security Mutual Life insurance agent can augment or help assemble your financial team and coordinate with your attorneys and tax professionals to review your situation, and to determine the insurance plan that will best suit your needs and objectives. [1] Internal Revenue Service. “Estate Tax.” IRS.gov. https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax (accessed August 6, 2026). [2] Loughead, Katherine. “Estate and Inheritance Taxes by State, 2025.” Taxfoundation.org. https://taxfoundation.org/data/all/state/estate-inheritance-taxes/ (accessed August 6, 2026). More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. We encourage individuals to seek personalized advice from a qualified Security Mutual life insurance advisor regarding their personal needs, objectives, and financial circumstances. Insurance products are issued by Security Mutual Life Insurance Company of New York, Binghamton, New York. Product availability and features may vary by state.​ SubscribeApple PodcastsSpotifyAndroidPandoraby EmailTuneInDeezerRSSMore Subscribe Options

I'm back from my trip to Iceland and you'll never guess who I ran into. Also, it was revealed that the Department of War has people on the payroll attacking me for my investigation into Charlie Kirk's assassination. And, TPUSA drops the lineup for their new tour... 00:00 - Start. 02:20 - My unbelievable encounter in Iceland & why it matters. 27:30 - The Department of War declares war with me. 37:32 - TPUSA announces their Daily Wire tour. 43:00 - Final thoughts & comments. PreBorn​! ​ To donate, dial #250 and say they keyword “BABY" or by visiting https://preborn.com/candace 1stHour​ ​​​​ Get 60% off by scanning the QR code on the screen. Visit http://www.1stHour.com for more information. Tax Network USA​ ​​​​​​​​​​​​​​​ Do not wait for another IRS letter or a frozen bank account. Call 866-686-1651 or visit http://tnusa.com/candace  American Financing​​​​​​​​​​​​​​​ NMLS 182334, http://www.nmlsconsumeraccess.org. APR for rates in the 5s start at 6.327% for well qualified borrowers. Call 800-795-1210 for details about credit costs and terms. Visit http://www.AmericanFinancing.net/Owens. Average savings based on borrowers who save over $199.99. Candace Clips Channel: https://www.youtube.com/@ClipsCandaceOwens Candace Official Website: https://candaceowens.com Candace Merch: https://shop.candaceowens.com Candace on Apple Podcasts: https://t.co/Pp5VZiLXbq Candace on Spotify: https://t.co/16pMuADXuT Candace on Rumble: https://rumble.com/c/RealCandaceO Candace en Español: https://www.youtube.com/@CandaceOwensEnEspanol Candace Owens em Português: https://www.youtube.com/@CandaceOwensemPortugues Candace Owens en Français: https://www.youtube.com/@CandaceOwensEnFrançais Learn more about your ad choices. Visit megaphone.fm/adchoices

Wes Moss is a Managing Partner and Chief Investment Strategist at Capital Investment Advisors (CIA), where he leads a team dedicated to helping individuals and families achieve financial independence. A CERTIFIED FINANCIAL PLANNER™ and prominent money educator, Wes is the author of What The Happiest Retirees Know and You Can Retire Sooner Than You Think, and hosts the nationally recognized Retire Sooner Podcast alongside his weekly call-in radio show, Money Matters. Recognized nationally by Barron's, Forbes, and Investopedia for his expertise in income investing and retirement lifestyle planning, he holds a degree in economics from the University of North Carolina at Chapel Hill and lives in Atlanta with his family.Connect with Wes Moss:Website: https://www.wesmoss.com/ The Retire Sooner Method: The 5 Secrets Behind America's Happiest (and Unhappiest) Retirees. https://a.co/d/00AA74b0 Need expert tax planning? Visit GTG Tax to learn how to make your taxes work for your goals: https://gtgtax.com/ TurnKey Podcast Productions Important Links:Guest to Gold Video Series: www.TurnkeyPodcast.com/gold The Ultimate Podcast Launch Formula- www.TurnkeyPodcast.com/UPLFplusFREE workshop on how to "Be A Great Guest."Free E-Book 5 Ways to Make Money Podcasting at www.Turnkeypodcast.com/gift Ready to earn 6-figures with your podcast? See if you've got what it takes at TurnkeyPodcast.com/quizSales Training for Podcasters: https://podcasts.apple.com/us/podcast/sales-training-for-podcasters/id1540644376Nice Guys on Business: http://www.niceguysonbusiness.com/subscribe/The Turnkey Podcast: https://podcasts.apple.com/us/podcast/turnkey-podcast/id1485077152 Discover how you can look 'poor' to the IRS and rich to a lender. Check out my sponsor, GTG Tax Planning, at gtgtax.com to book a short discovery call.

(Short episode) One small assumption can turn a routine Required Minimum Distribution (RMD) into an IRS penalty, and it happens to smart retirees all the time. We walk through the real-world RMD mistakes we see most often, using simple examples that make the rules stick without the jargon overload.The “married filing jointly” trap: Why you still cannot satisfy two spouses' IRA RMDs from one person's account, even if the household withdraws the right total. Then we get practical about aggregation rules, because not every retirement account plays by the same combining logic. Traditional IRA RMDs can be aggregated across multiple IRAs, but 401(k) RMDs generally cannot. We also explain the 403(b) exception, and why mixing up IRA, 401(k), and 403(b) rules can create an accidental shortfall on the account you never touched.We cover the rollover mistake that surprises people consolidating an old 401(k) into an IRA after reaching RMD age. RMDs cannot be rolled over, and skipping that step can lead to an excess IRA contribution and an ongoing penalty until it is fixed. If you care about retirement tax planning, RMD rules, and avoiding unnecessary IRS penalties, this is a quick listen that can save real money.

If you enjoy watching the episodes on video, please check out my YouTube Channel. - https://www.youtube.com/@DebiRoncaOfficial The message today from my guest, Cathy Bass, is both personal and practical for anyone who experiences the devastating transition in life where we sadly lose our spouse. After losing her husband, she experienced firsthand how grief can shut down decision-making, especially when paperwork, deadlines, and IRS letters keep coming. Today, she speaks to widows about the “financial fog” after loss and the simple, steady steps that create stability and financial peace. Cathy is an Enrolled Agent, a federally licensed tax professional who has over 25 years of experience in tax preparation and tax resolution and has helped thousands of individuals and business owners make sense of complex tax issues. Connect with Cathy: Website - www.basstaxservice.comCONNECT WITH DEBI Website – https://www.debironca.com Instagram - @debironca Email – info@debironca.com Free Group Coaching - https://debi.sequoiatransitioncoaching.com/group-coaching YouTube - https://www.youtube.com/@DebiRoncaOfficial Check out my online course! Your Story's Changing, Finding Purpose in Life's Transitionshttps://course.sequoiatransitioncoaching.com/8-week-program The Family Letter by Debi Ronca – International Best Sellerhttps://www.amazon.com/dp/B07SSJFXBD Free Clarity Call: https://calendly.com/debironca/free-clarity-call

Daniel Riley is a combat veteran, former SWAT operator, and the CEO of Legacy Stronghold, a multi-family office focused on advanced tax strategy and generational wealth protection.A Texas A&M Aggie and Corps of Cadets graduate, Daniel completed multiple deployments in Afghanistan before transitioning into law enforcement, where he founded a narcotics unit and led high-stakes operations. After a career-ending injury and a profound personal redirection, he now helps entrepreneurs and families build tax-efficient structures that turn temporary success into lasting, multi-generational legacies. Husband, father, and man of faith, Daniel is driven by a mission to protect and multiply wealth for the long haul, by eliminating the IRS's stake in personal wealth and multiplying the positive impact on communities.Webpage: https://thelegacystronghold.com/Connect and tag me at:https://www.instagram.com/realangelabradford/You can subscribe to my YouTube Channel herehttps://www.youtube.com/channel/UCDU9L55higX03TQgq1IT_qQFeel free to leave a review on all major platforms to help get the word out and change more lives!

We've launched Minimum Competence CLE, and our first course is now available completely free. Researching Federal Tax Issues After Loper Brightlooks at how the Supreme Court's decision ending Chevron deference changes the way lawyers should research and evaluate Treasury regulations, IRS guidance, and other federal tax authorities.Take the course and earn CLE credit at cle.minimumcomp.com.This Day in Legal History: The Neutrality Act of 1935On August 31, 1935, President Franklin Roosevelt signed the first of what would become a series of Neutrality Acts—laws designed to keep the United States out of the wars gathering in Europe and Asia. This first act imposed a mandatory embargo on shipping arms and ammunition to any nation the president declared to be at war, and it put America's armaments industry under a measure of federal control. It was a legal expression of the deep isolationism that gripped the country between the world wars.Here's the constitutional wrinkle that makes it interesting, and that Roosevelt himself chafed against. FDR wanted flexibility—he asked Congress for a law that would let him embargo arms to an aggressor nation while still selling weapons to its victim. Congress refused. Instead, it wrote a rigid, evenhanded rule: once the president declared that a state of war existed, he had to embargo arms to all sides, aggressor and victim alike. That was a deliberate congressional choice to tie the executive's hands in foreign affairs, to prevent a president from drawing the country toward one belligerent or another. Roosevelt signed it reluctantly, believing he could get it revised—and over the next several years, as the threat from fascism grew undeniable, the Neutrality Acts were indeed loosened, culminating in Lend-Lease and, ultimately, American entry into the war.The significance of August 31, 1935 is as a case study in the perennial struggle between Congress and the president over foreign affairs, and in the moral limits of legal neutrality. The mandatory embargo's great flaw was exactly its neutrality: by treating aggressor and victim the same, it arguably aided aggressors, who were already armed, against victims who were not. That's the tension in today's opening quote from Desmond Tutu—the idea that neutrality in the face of injustice is not really neutral at all. It's a fitting backdrop for a day that includes a story about the government's power over foreign companies, and one about whether the state can suppress speech it dislikes.A federal judge has dealt a significant blow to the administration's campaign to deport noncitizen students over pro-Palestinian activism, ruling that the effort is unconstitutional. In a lengthy 90-page opinion, U.S. District Judge Noël Wise in San Jose found that the administration's use of existing immigration law to cancel foreign students' visas and put them into deportation proceedings—based on their campus advocacy and criticism of Israel—violates the First Amendment right to free speech. The ruling traces the policy back to March 2025, when the government began revoking visas and detaining noncitizens for pro-Palestinian advocacy, starting with the high-profile arrest of Columbia graduate Mahmoud Khalil. The lawsuit was brought, notably, by the Stanford Daily, Stanford's student newspaper. Here's the core legal principle, and it's an important one that surprises people: noncitizens physically present in the United States have First Amendment rights. The government has broad power over immigration, but the judge found it can't use that power as a pretext to punish people for protected speech—that would be viewpoint discrimination, targeting people precisely because of the ideas they express. Judge Wise sharply criticized the State Department and Homeland Security for deploying immigration law to suppress views they didn't like. The significance connects to threads we've followed all summer—the pressure on universities, the Comey prosecution, the fights over dissent. This is a court drawing a hard line: the immigration system is not a loophole around the First Amendment, and the government cannot deport people for saying things it wishes they hadn't. Expect an appeal, but as a statement of principle, it's a forceful one. Judge deals blow to Trump moves to deport pro-Palestinian activists | ReutersAl Jazeera · The HillNow a story about the business of law: U.S. law firm office leasing surged 17% in the first half of 2026, with firms signing leases for nearly 12.2 million square feet, according to Cushman & Wakefield—and the second quarter was up a striking 27% over the same period last year. This is a boom, concentrated in the big legal markets of New York, Chicago, and Washington, and it includes some eye-popping deals, like Simpson Thacher's roughly 916,000-square-foot Manhattan lease—the same firm we discussed back in July over its rare malpractice trial. What's driving it is worth unpacking, because it contains a real paradox. Firms say their caseloads are exploding under a combination of forces: rising regulatory uncertainty, a more litigious business climate, and—here's the twist—the surge in artificial intelligence. AI adoption in law has rocketed, with something like 62% of firms now using it, up from just 17% a few years ago. And here's the paradox worth sitting with: we covered, a few weeks ago, how AI is thinning out entry-level hiring by automating the document review and first drafts that junior associates used to do. So how are firms leasing more space while hiring fewer juniors? The answer seems to be that the high end of legal work is booming—more complex, higher-stakes matters that generate demand for experienced lawyers and premium space—even as the bottom of the pyramid gets automated. The significance is a snapshot of a profession in transition: Big Law is physically expanding and financially thriving at the top, while the traditional on-ramp for young lawyers narrows. The office towers are filling up; it's just less clear who will be sitting in the entry-level offices a decade from now. US law firm leasing jumped 17% in first half, report says | ReutersCushman & Wakefield · Law360And finally, China's largest memory chipmaker, ChangXin Memory Technologies—CXMT—has sued the Pentagon to get itself off a U.S. government blacklist of companies it says are tied to China's military. The list in question is the Defense Department's roster of “Chinese military companies,” maintained under a provision of federal defense law, and landing on it carries real consequences: restrictions on government contracting and significant reputational damage that can spook customers and partners worldwide. CXMT's argument is straightforward—it says it's not affiliated with the Chinese military at all, and that it designs and sells its DRAM memory chips purely for civilian and commercial use. The most interesting piece of the lawsuit, legally, is a procedural one. CXMT alleges that the Pentagon actually published a notice in February saying the company would be removed from the list—then withdrew that notice the very same day, and later relisted the company in June without adequately explaining why it reversed course. That's the heart of an administrative-law claim: under the standards that govern federal agency action, the government generally can't act arbitrarily or capriciously, and a sudden, unexplained reversal is exactly the kind of thing courts scrutinize. And CXMT isn't alone—Alibaba filed a similar suit in June, and Xiaomi actually won removal from the list through U.S. litigation back in 2021. The significance is a reminder that even in the highly deferential arena of national security, designations like this are reviewable in American courts—foreign companies can, and increasingly do, use U.S. administrative law to challenge being branded a security threat, and sometimes they win. CXMT sues Pentagon over inclusion on list of companies tied to China's military | ReutersUS News · Benzinga This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Ben Carlson, CFA, author of Risk & Reward, joins the podcast to discuss why successful investing is often less about finding the perfect strategy and more about keeping things simple and sticking with a plan. We discuss the challenges of private equity, bonds and TIPS, inflation hedges, investor behavior, and why portfolio changes should generally be driven by life changes rather than market headlines. Ben also shares how his investing philosophy has evolved, including his thoughts on factor investing, momentum, and using a little “fun money” as a behavioral release valve. Finally, we dig into increasingly popular tax-aware strategies such as direct indexing and long-short tax-loss harvesting, including whether the potential tax savings are worth the added costs and complexity. Ben sums up much of the conversation with three words: “Less is more.” • • • Jon Luskin, CFP®, a long-time Boglehead and financial planner, hosts this episode of the podcast. The Bogleheads® are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki. Since 2000, the Bogleheads® have held national conferences in major cities across the country. In addition, local Chapters and foreign Chapters meet regularly, and new Chapters form periodically. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated. Show Notes: Ben Felix on Simplicity, Private Equity, Factor Investing, & Living a Good Life: Bogleheads® on Investing Episode 95 https://boglecenter.net/ben-felix-simple-investing/ Financial Historian Mark Higgins in Fireside Chat with Bill Bernstein https://youtu.be/tFeHc_tGh88 You Can Spend More in Retirement with Bill Bengen: Bogleheads® on Investing Episode 92 https://boglecenter.net/bill-bengen-spend-more-money-in-retirement/ TIPS Ladders with Kevin Esler https://youtu.be/FOKg3OmIHAI Owning Individual Bonds vs. Owning a Bond Fund https://awealthofcommonsense.com/2022/11/owning-individual-bonds-vs-owning-a-bond-fund/ Bogleheads®  Live with J.L. Collins: Episode 19 https://boglecenter.net/bogleheads-live-with-j-l-collins-episode-19/ 2025 Bogleheads Conference Recordings https://boglecenter.net/2025conference/ 2026 Bogleheads Conference https://boglecenter.net/2026conference/    

What would a Libertarian actually do if elected to Congress? Brian Lambert says Washington needs less power, Americans need more freedom, and the government needs to get out of your wallet. Josh Martens sits down with Brian Lambert, a Navy veteran and Libertarian candidate for Florida's 14th Congressional District, to break down his campaign and political philosophy. Lambert explains why he left the Republican Party, why his campaign centers on "your money, your freedom, your vote," and how he approaches federal spending, veterans' care, healthcare, war, surveillance, small business, and taxes. They dig into some of the biggest libertarian fights in American politics: • Cutting federal spending and returning education to local control • Protecting veterans while questioning America's military interventions • Getting government and insurance bureaucracies out of healthcare decisions • Ending warrantless mass surveillance and pushing back on Flock cameras Plus, Lambert explains why constitutional limits should come before political convenience and why reducing the IRS could give Americans more financial freedom. Subscribe or follow Good Morning Liberty, like the show, comment with your biggest disagreement, and share this conversation with someone tired of the two-party system. If you listen on a podcast app, leave us a rating and review.   https://www.brianlambertforcongress.com/   00:00 Meet Brian Lambert 00:45 From the Navy and GOP to Libertarianism 03:30 Your Money, Your Freedom, Your Vote 06:45 $40 Trillion in Debt and Federal Spending 10:45 Veterans, the VA, and Alternative Care 14:15 War, Congress, and the Constitution 19:15 Getting Government Out of Healthcare 24:45 Breaking the Two-Party Mindset 26:30 Flock Cameras and Government Surveillance 29:45 Small Business and Federal Regulation 31:45 The Constitution-First Test 32:00 Taxes, the IRS, and Financial Freedom   LINKS Join GML: https://www.joingml.com GML Bio Link: https://gml.bio.link All GML Links: https://www.goodmorningliberty.us/links Watch All Episodes: https://www.youtube.com/playlist?list=PLi78svKlBr_8o0dDOX8DxO_Wwxu6WYhhA Watch Host Favorites: https://www.youtube.com/playlist?list=PLi78svKlBr__Zu40RL7mWxCuOOe54zgy2 Join the Fed Haters Club: https://www.goodmorningliberty.us/fedhatersclub Martens Minute: https://martensminute.podbean.com/ Brian Lambert for Congress: https://brianlambertforcongress.com  

You won't find a more comprehensive resource on the topic of 72(t) plans and substantially equal periodic payments (SEPP). This little-known IRS provision gives you a perfectly legal way to access your retirement money before 59½ without the 10% penalty… and almost nobody in finance wants to touch it! So, Jackie brings back the one expert that lives and breathes 72(t)s, William (Bill) Stecker, CPA and founder of 72tcalc.com. Bill picks up where he left off when he last appeared on the show in 2025. He further explains the nuances of 72(t) plans and how to avoid common mistakes. Hear how 72(t)s can be incredibly powerful tools for early retirees, laid-off workers, and anyone ready to leave the traditional "hours-for-dollars" trade. This episode covers What a 72(t) or SEPP plan actually is Access to retirement accounts before age 59½ without the 10% penalty tax Why so many financial professionals hesitate to work with 72(t) plans  The minimum plan period and why modifying a SEPP can become extremely expensive  How to determine how much early retirement income you actually need The differences between the Rule of 55 and a 72(t) strategy  Why Bill usually prefers moving money from employer "plan land" into "IRA land"  How brokerage accounts, Roth contributions, part-time work, and SEPPs can work together  Why inflation and unexpected expenses need to be built into an early-retirement income plan  How splitting an IRA into separate accounts can create flexibility and isolate potential mistakes This is the first part of a 2-part episode. Be sure to follow the show and catch part 2 next week (9/6/26). . === SUPPORT  THE  SHOW ===

Burnham: Playing Russian Roulette With Your Life! (Part 2) Black Spy Podcast number 261 Season 26, Episode 0010 In this week's Black Spy Podcast, Carlton King continues to articulate that Prime Minister Andy Burnham has not shifted the UK's Ukraine War policy vis-à-vis Russia after succeeding Keir Starmer, but has instead increased military support for Ukraine via long range drone and missile strikes into Russia cities. Carlton contends that President Putin has explicitly warned that states enabling long-range strikes into Russia towns and cities will be regarded as participants and will be responded to accordingly. The podcast questions whether the UK's involvement, including IRS to target and direct advanced long range weapons makes Britain an active participant in those operations. Carlton also argues that the British government has not sufficiently prepared the country for the potential consequences of this support to Ukraine, noting the UK's limited ability to defend against advanced Russian missile threats. Drawing on his intelligence and national security background, King invites listeners to examine the evidence and consider whether the UK is accepting strategic risks with serious potential implications for British citizens. Finally, he invites listeners to hear the thoughts of other prominent Britons with intelligence and military backgrounds on the subject, as well as US and other western experts. So listen now to The Black Spy Podcast to be educted in a manner that the mainstream media is failing to do regarding this subject. If you wish to discuss this episode or any other with Carlton, or other regular members of the Black Spy Podcast team, feel free to do so. And please don't forget to subscribe in order to never miss another episode. To contact Firgas Esack of the DAPS Agency go to Linked In To contact Dr Rchel Taylor go to Substack account To contact Carlton King utilise any of the following: Patreon.com/TheBlackSpyPodcast Email: carltonking2003@gmail.com Facebook: The Black Spy Podcast Facebook: Carlton King Author Twitter@Carlton_King Instagram@carltonkingauthor To read Carlton's latest biographical memoir: Seeking Jerry The Untold Story Of Scotland Yard's Secret Mission To Baghdad, During The 2003 US Led Invasion Of Iraq Go to Amazon:  https://www.amazon.co.uk/SEEKING-JERRY-Scotland-mission-invasion/dp/B0H9CJ21XC/ref=tmm_pap_swatch_0#detailBullets_feature_div  ISBN-13           979-8196219863 To read Carlton's full autobiography: "Black Ops – The incredible true story of a (Black) British secret agent" Click the link below: https://www.amazon.co.uk/dp/BO1MTV2GDF/ref=cm_sw_r_cp_awdb_WNZ5MT89T9C14CB53651  If you are interested to know about the Male Menopause or fear you or a loved one is suffering for unknown reasons please consider reading Dr Rachel's & Carlton's book on the how the Menopause effects men - search Amazon Books for:  The Male Menopause - The Hidden Crisis  (ASIN: B0G5M78PSZ)

IRS Letter 11 is one notice you—and your client—cannot afford to ignore.In this episode of the Tax Rep Network Podcast, Attorney Eric Green breaks down exactly what to do when a client receives an IRS Letter 11, the Final Notice of Intent to Levy and Notice of Your Right to a Collection Due Process Hearing. With automated IRS enforcement ramping up, understanding this notice—and acting before the deadline—is critical.Eric walks through the 30-day deadline for requesting a Collection Due Process (CDP) hearing, how to properly file Form 12153, and why being able to prove timely filing matters. He also explains what happens if the 30-day deadline is missed and when an Equivalent Hearing may still be available.You'll also learn why taxpayer compliance is essential, what to request on Form 12153 when you haven't yet determined the best resolution strategy, and how to prepare for Appeals. Eric explains the practical differences between Forms 433-A, 433-F, and 433-H, including which financial statement to use when dealing with ACS.Letter 11 means the clock is running. This episode gives tax professionals a practical roadmap for protecting their clients from levies, preserving appeal rights, and moving the case toward resolution.The same procedures generally apply to CP90 and Letter 1058.Want to master IRS representation and build your tax resolution practice? Visit Tax Rep Network and join the growing community of tax professionals mastering IRS representation: https://TaxRepLLC.com

Welcome to “People in Transition”.  I'm your host, Bob Gerst.Today, we're talking about career change, uncertainty, and how to navigate that space between where you've been and where you're going. My guest is Geralda Larkins, SPHR, a transformational HR executive and strategic advisor with more than 25 years of experience across federal and municipal government and other organizations. She has held senior leadership roles with the IRS and the City of North Miami. She has built her career helping leaders and organizations navigate change, accountability, and complex workplace issues.Geralda brings a powerful framework to the transition process: Train, Transform, and Transition. Here's a quick look at what we discussed:TRAIN·        Recognize the skills and experience you already have - you may be more prepared for your next chapter than you think.·        If you're moving from the public sector to the private sector, learn to translate your experience into the language of your new marketplace.TRANSFORM·        Embrace the “messy middle” -  that uncomfortable space between where you've been and where you're going.·        Don't rush through it. This is where reflection, growth, and change happen. You're not behind.TRANSITION·        Don't land in panic - land on purpose.·        Be intentional about what comes next and choose an opportunity that aligns with your values. I think you'll find Geralda's perspective both practical and inspiring. So let's get into it. Here's my conversation with Geralda Larkins.To learn more about Geralda, visit geraldalarkins.com or connect with her on LinkedIn at linkedin.com/in/geraldalarkins.And if you enjoy this episode, please listen, share it, and pass it along to someone who may be navigating a transition of their own. Send us Fan Mail

Trigger Warning- "Incredulous Strickland" comes out strong today. If you haven't listened to the show a lot, it may sound like he's pretty mad at Doug, their client, probably the whole world, but rest assured he's actually a really nice guy and no matter how much he raises his voice, it's all in good fun. Also, you finally get to listen to their very first voicemail! Doug never throws anything away. He still has his 3rd grade art project that his teacher gave him a gold star on. Do you want some cool merch? Check out the store here- https://www.niceguysonbusiness.com/merch Need podcast production? We've got your back. https://turnkeypodcast.com/contact Your Voice, your message, fully produced. Leave a voice mail for the Nice Guys: 424-2DJ-DOUG – (424) 235-3684Join our Nice Guys Community. http://www.NiceShortCut.com No time to get to this, but you can read the blog here: 12 Worries Every Entrepreneur Has (or they are lying) Show notes written lovingly by the most anonymous man (or woman) in the world. Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. Discover how you can look 'poor' to the IRS and rich to a lender. Check out my sponsor, GTG Tax Planning, at gtgtax.com to book a short discovery call.

Who inherits your IRA could matter just as much as what's in it. The SECURE Act changed the rules for inherited retirement accounts, while newer IRS regulations created additional planning opportunities for trusts and multiple beneficiaries. Richard Rosso & Jonathan McCarty break down IRA beneficiary designations, the 10-year distribution rule, trusts as retirement account beneficiaries, and why outdated estate plans can create unintended tax consequences. Plus, we explain how properly structured trusts and subtrusts may provide greater flexibility for spouses, children, and other heirs. Before assuming your will or trust has your retirement accounts covered, make sure your beneficiary strategy actually works the way you intend. 0:00 INTRO 0:20 - Nana Nun, teaser: Designating Beneficiaries Can Become a Nightmare 2:03 - Uber & Zipline drone delivery; Why the Young "have no money" 9:23 - Account Titling and Probate Avoidance 14:00 - Revocable Living Trusts 15:57 - Setting Beneficiaries on Assets 18:31 - How to Use TOD (Transfer on Death) 20:10 - Mistakes w IRA Beneficiaries 25:39 - The Benefits of Online Savings (adding/subtracting beneficiaries) 27:47 - Best Practices for Titling: Be Specific 29:46 - Naming Contingent Beneficiaries Hosted by RIA Advisors' Director of Financial Planning, Richard Rosso, CFP, w Senior Investment Advisor, Jonathan McCarty, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/GpH7q-IgPXs?feature=share -------- Watch our previous show, "Watch our previous show, "Nvidia Says the AI Boom Is Just Getting Started, " https://youtube.com/live/lGSWXLw9dPY " ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Dynamic Learning Series, "The Smart Way to Pay for College," Thursday, September 3, 2026: https://streamyard.com/watch/mcE7YgphgMns --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #EstatePlanning #InheritedIRA #RetirementPlanning #IRA #FinancialPlanning

Who inherits your IRA could matter just as much as what's in it. The SECURE Act changed the rules for inherited retirement accounts, while newer IRS regulations created additional planning opportunities for trusts and multiple beneficiaries. Richard Rosso & Jonathan McCarty break down IRA beneficiary designations, the 10-year distribution rule, trusts as retirement account beneficiaries, and why outdated estate plans can create unintended tax consequences. Plus, we explain how properly structured trusts and subtrusts may provide greater flexibility for spouses, children, and other heirs. Before assuming your will or trust has your retirement accounts covered, make sure your beneficiary strategy actually works the way you intend. 0:00 INTRO 0:20 - Nana Nun, teaser: Designating Beneficiaries Can Become a Nightmare 2:03 - Uber & Zipline drone delivery; Why the Young "have no money" 9:23 - Account Titling and Probate Avoidance 14:00 - Revocable Living Trusts 15:57 - Setting Beneficiaries on Assets 18:31 - How to Use TOD (Transfer on Death) 20:10 - Mistakes w IRA Beneficiaries 25:39 - The Benefits of Online Savings (adding/subtracting beneficiaries) 27:47 - Best Practices for Titling: Be Specific 29:46 - Naming Contingent Beneficiaries Hosted by RIA Advisors' Director of Financial Planning, Richard Rosso, CFP, w Senior Investment Advisor, Jonathan McCarty, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/GpH7q-IgPXs?feature=share -------- Watch our previous show, "Nvidia Says the AI Boom Is Just Getting Started, " https://youtube.com/live/lGSWXLw9dPY ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Dynamic Learning Series, "The Smart Way to Pay for College," Thursday, September 3, 2026: https://streamyard.com/watch/mcE7YgphgMns --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #EstatePlanning #InheritedIRA #RetirementPlanning #IRA #FinancialPlanning

 EPISODE DESCRIPTION I sit down with Berken, CMO of CoinTracking, the world's first crypto tax platform founded all the way back in 2012 when Bitcoin was under $100. We dig into how they bootstrapped their way to 2.2 million users, why authentic education beats paid placements every time, and how they're navigating AI in a space where a single wrong number could land you in trouble with the IRS. Berken shares what channels are actually moving the needle, why they turned down the idea of launching their own token, and what their upcoming MCP integration means for connecting your Claude or ChatGPT directly to your tax data. Whether you're a crypto trader trying to avoid overpaying taxes, a founder looking for growth lessons, or someone curious about how a SaaS company stays relevant in a fast-moving space, this episode is packed with practical insights. DISCLAIMERNothing mentioned in this podcast is investment advice and please do your own research. It would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend. Be a guest on the podcast or contact us - https://www.web3pod.xyz/ CONNECT CoinTracking Website: https://cointracking.info/ CoinTracking Twitter/X:https://x.com/Coin_Tracking Berken LinkedIn: https://www.linkedin.com/in/berken-mengesWeb3 with Sam Kamani: https://www.web3pod.xyz/ KEY POINTS WITH TIMESTAMPS • [00:01] Sam introduces Berken, CMO of CoinTracking, and frames the episode around crypto taxes, AI, and startup growth• [02:12] Berken shares his journey from personal crypto investor in 2019 to CMO, starting as an affiliate marketing manager• [03:56] CoinTracking overview: 2.2 million users, 400+ exchange integrations, portfolio tracking and one-click tax reports• [06:32] CoinTracking was the world's first crypto tax tool, founded in 2012 by Dario Kachel who built it for himself• [08:00] The bootstrapped, organic growth story: users gave feedback, helped translate, and shaped the product over 13 years• [10:20] Sam and Berken discuss how fragmented the crypto landscape is across DeFi wallets, CEXs, and blockchains• [13:11] Why CoinTracking is a SaaS and not a crypto asset service provider, and how that makes compliance and partnerships simpler• [14:58] How CoinTracking is approaching AI: an MCP integration coming soon to connect Claude or ChatGPT to your tax data• [17:27] Why they are not allowing AI to edit tax data yet , reproducibility and accuracy are non-negotiable for tax filings• [21:43] Berken's biggest CMO challenge: navigating daily shifts in regulation, exchange strategies, and market conditions• [23:07] Business model breakdown: mostly B2C, but growing B2B with CPAs, funds, and a new white-label solution for exchanges• [24:18] North star metrics: user growth and retention, with a focus on making CoinTracking a daily portfolio tool, not just a tax tool• [26:08] The most common mistake people make: filing taxes with missing wallets or transactions, which can result in overpaying• [29:08] What marketing channel works best: long-form YouTube content, authentic KOL partnerships, and connecting KOLs with CPAs• [34:58] CoinTracking has been profitable since day one and is not looking for funding, but actively seeking exchange partnerships• [36:09] Why they decided against launching their own token: sentiment risk, distraction, and wrong-type user acquisition• [39:00] Sam draws a parallel to Xero's accountant-led growth strategy and how CoinTracking could follow a similar path

Visit http://keet.io/saltycracker - Download it free, invite one person you trust, and start a conversation that belongs to you!Do not wait for another IRS letter or a frozen bank account.Call 866-409-5069 or visit http://tnusa.com/saltyWebsite: https://saltmustflow.comOTHER PLATFORMSRumble: https://rumble.com/c/SaltyCrackerYouTube: https://www.youtube.com/@SaltyCrackerTikTok: https://www.tiktok.com/@salty_cracker_76Twitter/X: https://x.com/SaltyCracker9Locals: https://saltycracker.locals.com/TikTok: https://www.tiktok.com/@salty_cracker_76SUPPORT SALTYWebsite: https://saltmustflow.com/support/SubscribeStar: https://www.subscribestar.com/salty-crackerCash App: https://cash.app/$saltmustflowMerchandise: https://saltmustflow.com/shop/Mrs. Salty's Channel: https://www.youtube.com/channel/UChnZMOno3rthe1LHvcxufdwMusic by: https://incompetech.com/ Crinoline Dreams In Your Arms--Disclaimer-- These are the opinions and ramblings of a foul-mouthed lunatic. They are for entertainment purposes only and are probably wrong. You listen at your own risk.

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Episode 365 of the Independent Advisors Podcast. Aaron Cramer and Nick Whitaker cover a lot of ground this week, including the bond market, Treasury yields, and the Treasury Department's decision to double its bond buyback program after 30-year yields hit their highest level since 2007.Also covered: why more companies raising guidance than lowering it is a bullish signal, how 2026 compares to past midterm election years, and whether the "US debt crisis" headlines are overblown.Plus, a look back at the history of the 401(k), including how stock ownership among Americans has grown from less than 20% in 1983 to over 60% today, and proposed IRS and Treasury guidance that could modernize retirement account rollovers.If you've been enjoying The Independent Advisors podcast for a while now and want to take the next step in your financial journey, I'd encourage you to head to our website, jessupwealthmanagement.com. Matt offers a 15-minute initial call where you can discuss your financial goals and see if JWM is a good fit for your needs.Scheduling is easy, once you land at jessupwealthmanagement.com just click "Schedule Initial Call" and select a time that works best for you! There's a quick survey to fill out that will help guide the conversation and ensure your time is used efficiently.If you're ready to learn more, visit jessupwealthmanagement.com and book your call today!Blog Post from Charlie Vilello on August 18th - https://bilello.blog/2026/the-week-in-charts-8-18-26Post on X from Ben Carlson on August 19th - https://x.com/awealthofcs/status/2090190352745447726?s=12&t=Godkt5FzuqWcmpmvo2G5JgPost on X from Astra Insights on August 13th - https://x.com/AstraInsights/status/2087985036348059822?s=20Saving for RetirementThe Thrift Savings Plan

Most mainstream tax advice runs on autopilot, and the autopilot assumes you're married with kids, funding a 529, and leaving an inheritance behind. When none of that describes your life, following it can cost you a fortune. Dr. Jay Zigmont, CFP® and Scott Barnes, CFP®, TPCP®, CLTC start from a blunter premise: the tax code is built to reward having children, so Childfree people are never going to get those breaks, and the smarter move is to design your own. The throughline is the opposite of chasing a lower bill this year. It's using taxes as one more tool to fund the life you actually want, paying the IRS what's owed without leaving a tip, and knowing when the strategy some influencer swears by simply doesn't fit a life without kids.In This Episode, You'll Learn:Why the tax system is intentionally pronatalist, how that shapes everything from the child tax credit to head-of-household status, and why designing your own tax breaks matters when the built-in ones were never meant for youWhy the popular "become a landlord for passive income" advice often breaks down for Childfree people once you factor in the lost step-up in basis, and how a charitable remainder unitrust can turn an appreciated property into lifetime income plus a charitable benefitHow to think through the pre-tax versus Roth 401(k) decision, why your tax bracket, your state's income tax, your student loans, and any dream of moving abroad all change the answerWhy the Roth conversion and backdoor Roth strategies the financial press pushes every November are so easy to get wrong, and when the paperwork simply isn't worth itWhy paying zero tax in a given year is not always the win it looks like, how donor-advised funds let you time your giving for maximum benefit, and why coordinating a CFP® professional and a CPA protects you over a lifetime rather than a single AprilResources Mentioned in this Episode:Early Retirement Tax Planning with Cody Garrett, CFP®, Ep 166: : https://childfreeinsights.com/resources/podcast/episode-166Get Dr. Jay's book "The Childfree Guide to Life and Money" here: https://childfreewealth.com/childfree-guide/Learn more about Childfree Wealth:  www.childfreewealth.comLearn more about Childfree Trust: https://www.childfreetrust.com Episode Hosts:Dr. Jay Zigmont, CFP® is the Founder of Childfree Wealth®, a life and financial planning firm dedicated to helping Childfree and permanently Childless people, and Childfree Trust®, the first of its kind next of kin representation service for Childfree people. He is also the author of The Childfree Guide to Life and Money.Scott Barnes, CFP®, TPCP®, CLTC is an Associate Advisor at Childfree Wealth® and the go-to expert for long-term care strategies and tax planning questions.About Childfree Insights:Childfree Insights is a trusted resource for life planning without children. It explores financial planning, estate planning, relationships, and long-term decisions for adults building a future without kids. Home of Childfree Wealth® and Childfree Trust®.Connect with Us:Ready to work on building better financial habits? Connect with our financial planning team at childfreewealth.com or learn more about estate planning at childfreetrust.com.Follow Childfree Life by Design on your favorite podcast platform and join the conversation on social media:Instagram: https://www.instagram.com/childfreeinsightsFacebook: https://www.facebook.com/ChildfreeInsights/LinkedIn: https://www.linkedin.com/company/childfreeinsightsYouTube: https://www.youtube.com/@ChildfreeInsightsDisclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast.

Jep Robertson's surprising new chapter has Al reflecting on how far his youngest brother has come, from a season marked by drugs and fear to using his story to encourage others. Zach gets a bizarre notice from the IRS, and Jase and Al revisit their sketchiest childhood job that put them face-to-face with black widows, ant beds, and more danger than most kids ever face. The guys dig into James and Proverbs to make the case that biblical wisdom is something you live, not just something you know, and that God's jealousy is rooted in covenant love, grace, and a desire for our full loyalty. In this episode: Matthew 28; Revelation 21:8; Hebrews 4:15-16; Hebrews 2:17; James 1; James 4:4-6; Proverbs 1:1-7, 20-33; Proverbs 2:9, 12, 16-18; Proverbs 3:5-6, 13-18, 34; Proverbs 4:5-9; Proverbs 5:1-5; Proverbs 6:16-19; Proverbs 7:4-27; Proverbs 8; Proverbs 9; Matthew 7; John 8; Revelation 22 “Unashamed” Episode 1407 is sponsored by: https://homechef.com/unashamed - Get 50% off and free shipping on your first box plus free dessert for life! https://duckstamp.com/unashamed - Get your digital duck stamp online and keep it right on your phone! https://myphdweightloss.com - Find out how Al lost 80+ pounds. Visit the website or call 864-644-1900 and mention "Al Robertson" to get 2 weeks free in the program! http://unashamedforhillsdale.com/ - Sign up now for free, and join the Unashamed hosts every Friday for Unashamed Academy Powered by Hillsdale College Check out At Home with Phil Robertson, nearly 800 episodes of Phil's unfiltered wisdom, humor, and biblical truth, available for free for the first time! Get it on Apple, Spotify, Amazon, and anywhere you listen to podcasts! https://podcasts.apple.com/us/podcast/at-home-with-phil-robertson/id1835224621 Listen to Not Yet Now with Zach Dasher on Apple, Spotify, iHeart, or anywhere you get podcasts. Chapters 00:00 Zach's IRS Surprise & Robertson Argument Style 05:04 Jep Overcomes His Fear of Public Speaking 09:02 Jase Teases a Future Guest 14:21 Al & Jase's Childhood Water-Meter Job 20:35 The Robertsons' Outrageous Water Bills 26:09 Jesus Faced Every Temptation We Do 32:46 Wisdom Is Something You Live Out 38:25 The Fear of God That Removes Fear 43:18 Two Kinds of Wisdom 48:05 What It Means That God Is Jealous 53:08 The Controversial Meaning of James 4:5 56:15 God's Grace After Unfaithfulness - Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Catrina M. Craft shares expert insights on tax strategies, entity structures, and deductions for entrepreneurs, emphasizing proactive planning and the importance of working with a strategist to optimize wealth building."Start planning now before it's too late."Chapters:00:00 Introduction to Proactive Tax Planning02:05 Introduction of Catrina M. Craft and Episode Context04:06 Using an Accountability Plan for Reimbursements06:26 Starting Tax Strategies Before Making Six Figures09:02 Risks of Not Having an Accountability Plan12:11 The Complexity of the Tax Code15:13 Difference Between Bookkeepers, Accountants, and CPAs16:21 The Value of Working with a Tax Strategist17:18 Upcoming Topics on Charitable Donations18:33 Encouragement to Follow and Learn MoreMore Key Takeaways:*Tax strategy importance for entrepreneurs*Entity structures and their impact on taxes*How to properly reimburse business expenses*Timing for tax season"It's just like a doctor, you have specialists."EPISODE #1/10: Unlocking Tax Strategies for Entrepreneurs: January 26, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18570362-unlocking-tax-strategies-for-entrepreneursEPISODE #2/10: Unlocking Home Office Deductions February 9, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18646020-unlocking-home-office-deductionsEPISODE #3/10: Hidden Tax Strategies Revealed: March 9, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18814431-hidden-tax-strategies-revealedEPISODE #4/10: Strategic Family Travel & Tax Benefits: June 10, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/18814431-hidden-tax-strategies-revealedEPISODE #5/10: The Top 3 Tax Mistakes Entrepreneurs Make: July 29, 2026: https://thatentrepreneurshow.buzzsprout.com/737252/episodes/19565414-the-top-3-tax-mistakes-entrepreneurs-makeSend us Fan MailSupport the showRemember to subscribe for the next episode. Show Partner: ComingAlive PodcastProduction.comMusic Credits: Copyright Free Music from Adventure by MusicbyAden.

Could your business structure be costing you tens of thousands of dollars each year? In this episode, Tiffany explains how a consultant earning $1.5 million faced nearly $74,000 in self-employment and Medicare taxes. After modeling an S-Corp election and a reasonable salary, the gross employment-tax difference was about $50,000. You'll learn how S-Corps work, why owner salary matters, and which IRS rules you cannot ignore. Tiffany also covers QBI, payroll costs, state fees, and other details that can change your true savings. This is practical CPA advice for owners who want smarter tax planning, better business finance, and legal tax reduction. Before you file another Schedule C, listen now and find out whether your business structure needs a second look. Next Steps:

What if the biggest threat to your wealth isn't how much you make—but what you were never taught about keeping, protecting, and multiplying it?Marvin Mitchell returns to Inside the Vault with Ash Cash to break down the wealth strategies most people never learn in school, at work, or from the traditional financial system.After more than 20 years as a financial advisor, Marvin says the biggest shift is not always learning something new—it's unlearning the financial habits that keep people retirement rich but cash poor.In this episode, Marvin breaks down the difference between a debtor, saver, and wealth creator; why your money can't grow beyond your mindset; how wealthy people use leverage instead of constantly liquidating assets; and why high earners can still struggle with lifestyle creep.He also opens up about receiving a $1.3 million tax bill and says that after investing in high-level tax expertise, he was able to reduce the bill to under $200,000. Then the conversation turns to AI.Marvin says his coaching business generated $12 million without a single U.S. employee—using AI and overseas team members to keep payroll low while scaling operations. He explains why entrepreneurs should learn tools like ChatGPT, Grok and Perplexity, and why AI should be treated as an amplifier for your knowledge instead of just a shortcut. Marvin and Ash also discuss mentorship, real estate tax strategies, trusts, estate planning, infinite banking, protecting wealth across generations, and why the answer to your next level may not be “how”—it may be “who.”Learn more from Marvin: Instagram: @marvinmitchellofficial TransformYourWealthChallenge.comInside the Vault: @insidethevault InsideTheVaultShow.comHost: @iamashcash IAmAshCash.comABUNDANCE IS YOUR BIRTHRIGHT.Join Ash Cash and a community focused on building wealth, increasing income, strengthening your mindset, and creating a more abundant life:TheAbundanceCommunity.comTIMESTAMPS00:00 – AI, leverage & the wealth rules nobody teaches 02:17 – Welcome to Inside the Vault 03:23 – Marvin returns after the viral infinite banking episode 04:50 – Who is Marvin Mitchell? 05:48 – What people need to unlearn about money 07:13 – Retirement rich but cash poor 09:01 – Debtor, saver or wealth creator? 10:06 – The 3 money identities 11:05 – Opportunity cost & making money work multiple times 12:06 – Lifestyle creep 12:30 – Budget vs. spending plan 13:14 – Foundation, core & speculative wealth 13:48 – Emergency funds, insurance & protection 14:17 – Building the “boring” core 15:02 – Why YOU are the best investment 16:21 – Can you inherit wealth and keep it? 17:01 – Your money cannot grow beyond your mindset 18:35 – “If you want more, be more” 19:27 – How the IRS can destroy wealth 20:18 – Marvin's $1.3M tax bill 21:41 – Cutting $1.3M to under $200K 22:17 – What schools and jobs don't teach you 23:30 – Why Marvin believes in investing in mentorship 24:00 – The $80 paycheck that changed his thinking 25:10 – $100K mentorships and million-dollar returns 26:03 – The parable of the talents 27:23 – Why the master was the real wealth creator 28:27 – The answer isn't “how”—it's “who” 29:18 – How to avoid fake gurus 30:29 – Look at the fruit AND the infrastructure 31:59 – Should you pay for mentorship? 33:00 – Marvin's mission to become the “Black Dave Ramsey” 33:58 – The Transform Your Wealth Challenge 34:13 – Wealthy people leverage instead of liquidate 34:34 – Real estate tax strategies & cost segregation 35:16 – How the 5-day challenge works 42:54 – Giraffes, turtles & protecting big dreams 44:24 – How to take advantage of the wealth transfer 44:32 – Learn AI 45:02 – Using AI as employees 45:20 – $12M business with no U.S. employees 45:43 – “AI is not here to take your job” 46:42 – AI is an amplifier 47:07 – Marvin's AI business-planning prompt 48:08 – Is becoming your own bank still relevant? 48:49 – Revocable vs. irrevocable trusts 50:11 – Spendthrift, special needs & charitable trusts 54:05 – Why Compass Retirement is becoming Compass Wealth 55:05 – “Abundance is your birthright” 55:55 – Connect with Marvin 56:23 – Join the Transform Your Wealth Challenge 57:04 – Closing the VaultAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Join our upcoming live event at GREwebinars.com. It's called "The Seven Figure Solution" on August 27th at 8 PM Eastern. After listening to me for 12 years, learn how to finally put it all together for a coordinated, tax-efficient retirement and wealth plan.  Keith debunks alarmist predictions of an 80–95% housing crash and explains why inflation, constrained supply, and strong demand continue to put upward pressure on home prices.  He breaks down key trends in renter mobility, highlights how the AI boom is driving record-breaking rents in San Francisco, and contrasts "dopamine culture" and money maxing with GRE's philosophy of growing one's means through income property and leverage.  Keith also discusses how the Seven-Figure Solution framework helps real estate investors more effectively integrate properties, taxes, insurance, and retirement planning.  Episode Page: GetRichEducation.com/620 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Join Mid South Home Buyers' one-time, free live webinar featuring Keith Weinhold on September 30 at GetRichEducation.com/MidSouth to learn how Memphis' economic expansion could create new real estate investment opportunities, and have your questions answered in real time. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host Keith Weinhold. An alarmist calls for a housing price crash of 80 to 95 percent. We'll listen to it. This city's rents are up 26 percent annually. The rise of dopamine culture and money maxing has made its way into personal finance. Then an invitation to join us for a special event today on Get Rich Education.   Keith Weinhold  0:29   What if I told you that one of America's strongest cash flow real estate markets is also becoming the new brains and brawn behind AI? That city is Memphis, believe it or not. In September 30th, we're going to show you why the smart money is paying attention now, along with an investing opportunity you won't want to miss. Join me, Terry Kerr and Matthew Van Horn of Mid South Homebuyers, the largest turnkey company in Memphis with more than 6,000 homes under management, for a free live webinar, the likes of which I've never done before. We're going to look at what billions in new investment could mean for jobs, housing demand, neighborhood appreciation, and your portfolio. Everyone who attends live will also get exclusive access to the best deal terms MidSeal has ever offered. Reserve your free seat at getricheducation.com/midsouth. Again, that september 30. Don't say we didn't tell you. Save your spot at getricheducation.com/midsouth.   Speaker 1  1:35   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  1:51   Welcome to GRE from Naples, Italy, to Naples, Florida, and across 188 nations worldwide. You're listening to one of America's longest-running and most listened-to shows in the real estate world. This is Get Rich Education, and I'm Keith Weinhold. Yes, the very founder of this snaggle-toothed operation right here. I'm a longtime real estate investor myself, erstwhile writer for both Forbes and the Rich Dad Advisors, serving on the Forbes Real Estate Council, you can also see my work in the USA Today and Business Insider. I'm the creator of Real Estate Pays Five Ways and the Inflation Triple Crown. Oh, after all that, really, I'm just a shaved mammal with slack jaw, a highly leveraged hominid of the landed gentry, right before I discuss the housing price crash of 80 to 95% you know, keep in mind that most people think that if you're in real estate, then you've got to be either a realtor or a landlord. I am neither a realtor nor a landlord. People also think that it takes tons of money. It does not. Now you could pursue no money down strategies, but that takes some time to learn and skill to develop. Now I was a landlord in the early years of my real estate investing, but after about six years of that, I hired a property manager and never looked back. Therefore, keeping this mostly passive, a 20 to 25 percent down payment on a carefully selected residential rental property includes ones that today can still have purchase prices below 200k. That's purchased in a geographically investor advantaged market. Okay, that is the center of what we do here because when you own property this way, now you've got the margin where you can pay a property manager to enjoy the five ways that you're paid mostly passively. Be a savvy borrower.   Keith Weinhold  4:02   Now, when you're between deals and accumulating capital to add the next piece of property to your rental portfolio, that's where you can flip and do the opposite in the short term and be a real estate lender for perhaps an eight to 10% stable return. That's what I do, rather than getting three and a half percent, which is the going rate today in a high yield savings account. So be a lender between deals in the short term, or you're a savvy borrower long term. Now the late analyst at Housing Wire, and he was also a past guest here on the show, Logan Modashami, he brought this 80 to 95% housing price crash media piece to my attention. It's in the form of a meta reel that got a lot of attention. Let's play it. I mean, this type of nonsense circulates out. It's not founded on anything substantive, and this just absolutely does not serve anybody. You've got to take this type of thing as entertainment, but it's being presented in a serious, informative way, and just listen to the basis for the claim.    Hayden Weston  5:19   The United States housing market is about to collapse 80 to 95 percent, which means that homes that were worth 1.5 million are going to be worth 300,000. The reason is simple: the U.S. housing market has reached its most unaffordable level in history. People cannot afford to buy homes, and if people cannot buy homes, the market must correct. The question is how hard the market is going to crash, not if it will. According to CPI and price history data, this is predicted to be worse than the 2008 housing bubble. We are going to see prices drop 80 to 95 percent.   Keith Weinhold  6:02   A housing price collapse of 80 to 95 percent. This is from a platform called Hayden Trades. It has got to be the worst example of trying to steal attention rather than serving people. Gosh, don't even make 20% or 50% crash predictions anymore go for far higher, I guess. He says it is according to the CPI and price history data. This doesn't even make sense. Now the low affordability mentioned that part is true, and this is what's slowed home price appreciation. But here in the late 2020s, there was more upward pressure on home prices, not downward inflationary pressure, which is rampant. That is poised to raise replacement cost because a home is a bundle of land, labor, lumber, concrete, copper, and energy. America's best job markets face land and regulatory constraints that pressures prices upward, and regulations are not easily repealed either. There's a large reservoir of sideline buyers that still want to own, and single-family home construction is woefully insufficient, keeping the supply down. Indeed, there is more upward pressure on home prices, not downward. This coming inflation wave, that's exacerbated by war, is unfortunately, or fortunately, if you're positioned, it's poised to widen the K-shaped economy where winners win bigger and losers lose more. The boat is leaving the dock. Are you on it?   Keith Weinhold  7:54   The distance between the boat and the dock just keeps increasing, and eventually you won't be able to make the leap, the jump from the boat to the dock. Now, in the near term, because we're approaching the fall season, when you hear stats about median home prices, note that prices are lower in autumn and winter than they are in spring and summer. It happens pretty much every year. Now, why is this? Well, one reason is that a lot of people don't think about is simply the fact that smaller houses get sold in the winter compared to the summer. And why would this be? This is because families with school-age children who need larger homes get their deals done in summer months before school starts. That is one reason why median home prices are higher in the summer than they are in the winter. When you look at a long-term price chart of homes, this is why you see peaks each summer and dips each winter. Now, investors like us. Now we're not buying so much for school-age children considerations, but this phenomenon affects the median prices that you see quoted in most any market. That is how that works, and why homes present better in the summer too. Green lawns, Leaves, flowers, and natural light improve curb appeal. Some say buy when the snow is flying, sell when the flowers are blooming.   Keith Weinhold  9:32   Shortly, I want to tell you about the city with rents that are up 26% year over year, and there's no end in sight to those rent increases, either. But first, there's a significant national real estate trend. Now, a lot of times, the discussion about the rental market centers around the level of rents or the vacancy rate, and those metrics sure do matter. But what about tenant retention? That is. Renter mobility rate. How long do residents stay? Well, renter mobility is down, down, down. They are not moving around. That's the big trend. Tenants are staying longer. Renters are waiting longer to buy homes than prior generations did. I mean a lot of people are beginning to wonder if their starter home will arrive before their first social security check does? The share of renters planning to move within three years that has plunged since 2019 from 57% then down to just 37% now. This is according to a national survey from the New York Fed. 57 down to 37% that plan to move within three years. Yes, this means that even after the pandemic waned, renters plan to stay in place longer. Everyone is staying put longer, and what exactly is keeping all of those moving boxes in storage? You guessed it. Buying their own home is more difficult to afford. It's kind of like an obstacle course where the down payment is waiting at the finish line, which is a long ways away. It's like an ultra marathon. This decline in renter mobility. This is obviously good news for income property owners and landlords because vacancy and turnover are our greatest expenses. People are paying more.   Keith Weinhold  11:39   You know, it's interesting that many are staying and put because a lot of renters often pay three to 5% annual renewal increases, especially in single-family rentals. Among apartment dwellers, there are currently more move-ups than move downs. People willing to spend a little more, and part of this is because a lot of people have just simply given up, completely given up on buying a home, choosing instead to fritter away their money on DraftKings parlays, couchie predictions, meme coins, burritos whose delivery fees cost more than the burrito, and a dozen forgotten subscriptions quietly feeding on their checking account. Yeah, a lot of people have just given in. Besides falling renter mobility, there is also falling homeowner mobility. One reason it has fallen is due to the well-documented mortgage rate lock-in effect. But mobility is down among both groups, among renters and homeowners, for a few different reasons. Like I've mentioned in previous shows, America is aging, and older people move less. Remote work means people don't have to move for a job, and housing inventory remains limited. This means that there are few attractive alternatives to move into, whether you're a homeowner or a renter. Those are some reasons as to why mobility is down for both groups. And the New York Fed analysis shows that renter mobility it is especially weak among that subgroup that believes that they will never own a home. I mean, this group of people really isn't moving. They are staying in place even longer. This group that believes that they will never own a home, and this is a skew toward lower income renters for sure, but even upper income renters are staying longer. You know, I own a lot of single family rental homes myself, and I'm just thinking now, I can't even remember the last time someone's moved out. It might be over a year since anyone has moved. The average renter's perceived chance of ever owning a home that has fallen, and this is significant for investors. Okay, that percent of renters that ever hope to own a home has fallen from 52% back in 2015 down to just 35% last year. 52% down to 35% The amount of renters that think they'll ever own a home. Both single-family rental and apartment renters are staying longer. This is both types, and it's not because these renters stop wanting homes. About two-thirds say that they would prefer to own if they had the money to do so. This is substantial. The drop in American mobility rate. I mean, that part is actually decades long, and this seems to catch people off guard. A lot of people falsely believe that people are moving more often, and that's something I've touched on before. This deeply hurts.   Keith Weinhold  15:00   Certain industries like moving companies, furniture stores, and yes, real estate agents—all these groups of people have got to be wondering where did everybody go? The answer is nowhere. Apparently, they are not going anywhere. So the bottom line here, with this lack of mobility, is that renters feel locked out, owners feel locked in, and landlords feel locked up with their tenants staying longer. Although this is good news for landlords and investment property owners, you know there is one thing to be careful of amidst these longer tenant stays, and that is, well, say you buy a rental property with an existing tenant in place that's been there for a while, it's more likely then that that tenant is paying below market rent, and why would that be? Well, because generally, the longer a tenant stays, the more likely it is that the previous landlord gave them a break on the rent. Now, why does that happen? Well, landlords can get lazy about bumping up the rent, and see what's really going on is that the previous landlord, perhaps the person you bought the property from, they themselves bought the property at a much lower price years ago than you did today, and therefore their mortgage payment is lower, and therefore the lower rent was able to cover their mortgage payment. So they weren't too worried about it. But if you're buying at today's prices, well, then you cannot stand for yesterday's rent amount, and that's why it's more likely that you need to bump up the rent to market rent. Although national rent growth is pretty flat, San Francisco continues to rewrite its record book per Zumper's national rent report.San Francisco's one-bedroom rent is up 23% year-over-year to 4,180 bucks, and two-bedroom rent is up 26% to over 6K, 6,020 dollars for the median rent in a two-bedroom San Francisco apartment-the first time they've ever topped 6K there. Yes, the city continues to lead the nation in annual rent growth, and even ahead of New York City for two bedrooms. That's because this is where the growth of the AI industry has collided with a supply-constrained housing market, high demand over low supply. I mean, you might remember that San Francisco was hit especially hard by the pandemic, but its bounce back has been amazing. Even beleaguered San Francisco office buildings are filling up again amidst the AI boom. Now, the Bay Area's previous tech boom back a while ago that was led by tech giants like Facebook, Apple, and Google. All right, that boom was largely concentrated in these sprawling suburban office parks in Silicon Valley. Now Silicon Valley is not in San Francisco. It is depending on just where you're going, perhaps 60 minutes south of San Francisco proper. But see, this time the city limits San Francisco finds itself as the epicenter because a lot of the newest, biggest names in tech like Anthropic and OpenAI, they are headquartered in the very same city neighborhoods that were struggling with occupancy just a few years ago, and see a big part of what's going on, and there's a lesson in this for you as when a lot of other cities built like Phoenix and Austin did, San Francisco did not, and what's interesting is that the publication, the San Francisco Standard, it reported that get this last November a two-bedroom apartment overlooking Alamo Square was advertised for $5,000 per month. That was already 30% above San Fran's median two-bedroom rent at the time, but despite that fact, so many people attended the open house that the property manager had to divide them into two touring groups. Qualified applicants were then emailed and told to submit their best offer of rent. Okay, basically an invitation to a bidding war here. One tech worker and her roommate bid $5,100. Management responded that they had reached the second round and invited them to increase their bid again, and they declined to increase their bid and they lost the apartment. Those. Same article reported that an even more extreme marina neighborhood example, the winning renter offered substantially above asking price, six months upfront rent, and twice monthly professional cleaning. What kind of prospective tenant offers their landlord professional cleaning? I've surely never had it happen. That and bidding wars are now taking place for San Francisco rentals. Could an AI surge and a lack of supply make anything like that happen in your rental market? That remains to be seen, and probably not to that extent. I've got more for you straight ahead, including the trend of money maxing. I'm Keith Weinhold. You're listening to episode 620 of Get Rich Education. What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group NMLS 42056. They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Chaley Ridge while it's on your mind. Start at RidgeLendingGroup.com. That's ridgelendinggroup.com. Let me ask you something: If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed. But with a track record of consistent, on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family to 66866. That's family 266866.   Keith Weinhold  17:22   Although national rent growth is pretty flat, San Francisco continues to rewrite its record book per Zumper's national rent report. San Francisco's one-bedroom rent is up 23% year-over-year to 4,180 bucks, and two-bedroom rent is up 26% to over 6K, $6,020 for the median rent in a two-bedroom San Francisco apartment-the first time they've ever topped 6K there. Yes, the city continues to lead the nation in annual rent growth, and even ahead of New York City for two bedrooms. That's because this is where the growth of the AI industry has collided with a supply-constrained housing market, high demand over low supply. I mean, you might remember that San Francisco was hit especially hard by the pandemic, but its bounce back has been amazing. Even beleaguered San Francisco office buildings are filling up again amidst the AI boom. Now, the Bay Area's previous tech boom back a while ago that was led by tech giants like Facebook, Apple, and Google. All right, that boom was largely concentrated in these sprawling suburban office parks in Silicon Valley. Now Silicon Valley is not in San Francisco. It is depending on just where you're going, perhaps 60 minutes south of San Francisco proper. But see, this time the city limits San Francisco finds itself as the epicenter because a lot of the newest, biggest names in tech like Anthropic and OpenAI, they are headquartered in the very same city neighborhoods that were struggling with occupancy just a few years ago, and see a big part of what's going on, and there's a lesson in this for you as when a lot of other cities built like Phoenix and Austin did, San Francisco did not, and what's interesting is that the publication, the San Francisco Standard, it reported that get this last November a two-bedroom apartment overlooking Alamo Square was advertised for $5,000 per month. That was already 30% above San Fran's median two-bedroom rent at the time, but despite that fact, so many people attended the open house that the property manager had to divide them into two touring groups. Qualified applicants were then emailed and told to submit their best offer of rent. Okay, basically an invitation to a bidding war here. One tech worker and her roommate bid $5,100. Management responded that they had reached the second round and invited them to increase their bid again, and they declined to increase their bid and they lost the apartment. Those. Same article reported that an even more extreme marina neighborhood example, the winning renter offered substantially above asking price, six months upfront rent, and twice monthly professional cleaning. What kind of prospective tenant offers their landlord professional cleaning? I've surely never had it happen. That and bidding wars are now taking place for San Francisco rentals. Could an AI surge and a lack of supply make anything like that happen in your rental market? That remains to be seen, and probably not to that extent. I've got more for you straight ahead, including the trend of money maxing.   Keith Weinhold  20:46   I'm Keith Weinhold. You're listening to episode 620 of Get Rich Education. What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group NMLS 42056. They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Caeli Ridge while it's on your mind. Start at ridgelendinggroup.com. That's ridgelendinggroup.com.   Keith Weinhold  21:23   Let me ask you something: If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed. But with a track record of consistent, on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family to 66866. That's family 266866.   Robert Kiyosaki  22:26   This is our rich dad, poor dad author Robert Kiyosaki. Listen to Get Rich Education with Keith Weinhold, and there is I respect Keith. He's a very strong, smart, bright young man.   Keith Weinhold  22:47   Welcome back to Get Rich Education. I'm your host Keith Weinhold. The rise of quick hit dopamine culture has definitely hit the personal finance world, and this is not a good trend for a lot of Gen Zers, who are those age 14 to 29, sports gambling is increasingly a part of what they think is financial planning. A recent survey from the wealth management platform Betterment shows that 26% of Gen Zers, more than one in four, then consider sports gambling as part of a deliberate long-term financial strategy. If you think that's bad, more than half of Gen Zers, 52% say they've rerouted funds from investment over to sports betting in the past year, and that's versus just 24% of all Americans. Yes, the rapid legalization of sports gambling means it's never been easier to bet your whole paycheck that the Mets are going to lose 100 games this season. When a prediction market or a sports book starts to feel like a retirement strategy, we have a problem, and this is congruent with the rise of dopamine culture across all of society, where we've gone from playing sports, then to watching sports, and now to gambling on sports. In the kitchen, it's where we've gone from home cooking to leaving and getting fast food, to ordering Uber Eats, it's where media has gone from film and TV to streaming shows, and now with dopamine culture, it is watching reels. It's how shopping has gone from first high street shopping, then to Amazon and now to the TikTok shop. It's how communicating with people. It's gone from handwritten letters to sending emails to Snapchats. It's how we've gone from newspapers to breaking news to rage bait. As far as what we listen to for music, this rise of dopamine culture-it used to be vinyl records, and then Spotify playlists, and now it's trending sounds.   Keith Weinhold  25:11   It's gone from finding love to casual dating to infinite swiping. How about the way we look at and share photos? It's gone from photo albums to camera rolls to Instagram stories, and how about the way we access information with this rise of dopamine culture? It's gone from libraries to Google to Chat GPT, and that brings us to money maxing. Okay, yes, here in our finance world, the rise of dopamine culture has led to this. Yes, that is apparently a word now. Money maxing-it's all one word with 2x's. It sounds like something invented by a 22-year-old who's got three credit cards, three hoodies, and one fork. Okay, but money maxing-that is one of the newest personal finance trends spreading across social media. Now, the maxing stuff in that whole suffix that first became popular through terms like looks maxing, which means trying to maximize your physical appearance, whether you're male or female, and now people are sleep maxing, health maxing, career maxing, and I guess it was just inevitable until they were money maxing. And what it really means is optimizing your financial life so that every dollar works harder for you. That could include using a high yield savings account, earning credit card points and rewards, automating your investments, negotiating bills, and eliminating wasteful spending-eh, in other words, it's just another internet reinvention of financial responsibility. I mean, your grandparents just called it being sensible.   Keith Weinhold  26:58   Now, I do like the fact that young people are talking about money. I mean, as we've covered before, financial education is desperately needed. Schools will teach you about the parts of a biological cell, but surely not how to read a mortgage statement. So you can graduate knowing that mitochondria are the powerhouse of the cell, while believing that a tax refund is free money from the government. So you know, directionally, money maxing is good, but see, it usually only focuses on one side of the equation. That's the problem with money maxing. It only focuses on spending less. And here at GRE we take a different approach. The old financial advice is live below your means, and GRE's philosophy is grow your means. You should only live below your means earlier in your financial life when you sort of have to and you need to form capital for investments. But grow your means so that you can have the means to do things. I mean, that is the point of financial betterment.   Keith Weinhold  28:09   Long term, financial betterment is certainly not sustainable by saving money by getting a haircut at home, only watching men's fast pitch softball at the Moose Lodge because it's free instead of going to a Major League Baseball game, saving $120 on air tickets by adding an extra layover on your trip itinerary, or a buy one get one free deal on Hillshire Farm Bacon. Now, of course, you shouldn't waste money if you're paying for six streaming services and you're only watching one. Well, cancel the others. If you carry a credit card balance at 24% surely extinguish that financial dumpster fire. But you cannot shrink your way to an extraordinary life. There is a floor beneath how little you can spend, there is no ceiling above how much value you can create for others. You can cancel your coffee, you can stop eating out, you can turn down the thermostat until your living room feels like a meat locker, but eventually there is nothing meaningful left to cut. That is the weakness in traditional money advice. It treats personal finance like a sinking ship, and it just hands you a bucket. Growing your means is building a bigger ship. The most powerful form of money maxing is not squeezing another 2% off your grocery bill. It is increasing your income. It is acquiring productive assets and creating systems that pay you repeatedly. I mean, saving 20 bucks is fine. Creating another income stream can continue for. Years. This is the difference between subtraction and multiplication. Most money-maxing advice really isn't different than that conventional advice. It's living in the world of subtraction. Cut this. Cancel that. Buy the generic cereal. Drive across town to save 12 cents per gallon. Hey, congratulations! You just spent 40 minutes of your finite life to save $2.80. Real wealth is built through multiplication. Multiply your income, multiply your skills, multiply your relationships, learn a new system, multiply the number of people you serve with rental property, and then multiply your money through productive assets. Now, this does not mean to spend recklessly. Growing means is not permission to inflate your lifestyle every single time your income rises, but it means directing more attention toward expansion than deprivation.   Keith Weinhold  30:59   Ask yourself a better question. Instead of asking how can I save another $100 this month, ask how can I create another $1,000 of monthly income. That very question activates a completely different part of your brain. Now maybe you develop a valuable skill. Maybe you negotiate your compensation. Maybe you start a business. Maybe you acquire an income property. Maybe you turn knowledge, intellectual property, or an audience into a recurring revenue stream. You start looking for leverage rather than looking for coupons and leverage, that is the real engine of what money maxing ought to be. Leverage means accomplishing more with less of your personal effort, and there sure are a lot of forms you can leverage other people's time. You can leverage systems and technology. We're going to talk about a system later here. You can leverage media where one message reaches 1000s or millions of people, and in real estate, you can leverage other people's money. You can scale. A few weeks ago, here I discussed four different types of scale. Real estate investors can get them all at the same time. If you remember, they are financial leverage, like with the five ways. There's operational leverage, there's geographic leverage, and finally replication. You use a relatively small down payment to control a much larger asset while your tenant pays you rent, that income helps cover the property's expenses and mortgage, and over time, inflation tends to lift rents and property values. While your fixed rate debt becomes easier to repay with diminished dollars, I mean that is real money maxing right there. In fact, GRE's real estate pays five ways framework might be the ultimate money maxing system. One property can produce cash flow; it can appreciate. Your tenant can gradually amortize your loan for you. You get the tax benefits, and inflation can transfer wealth from the lender to you through your fixed rate debt, five simultaneous financial benefits attached to one asset. Oh, and we're going to take that and compare that with saving 50 cents on toothpaste. Now, both things technically do improve your finances, but they don't even belong in the same zip code.   Keith Weinhold  33:41   Now, none of this means that every leveraged property is a good investment. In fact, leverage amplifies outcomes. A well-selected, properly financed property is going to accelerate your wealth creation. But a bad deal with thin reserves-hey, that can accelerate your introduction to an attorney. Money maxing still requires judgment. You want durable income, adequate liquidity, responsible underwriting, and you want to have enough reserves to withstand the inevitable surprise. Because every rental property eventually introduces you to something that is leaking, squeaking, or perhaps refusing to pay. The goal is not to optimize every dollar so aggressively that your financial life becomes fragile. And really, that is an important warning about all forms of maxing. Optimization can go too far. Someone might transfer money among five banks to chase these tiny promotional yields, and open 12 credit cards for bonus points, and then monitor every purchase with the intensity of airport security. Okay, I mean technically they're optimization. Their money, but they're also turning their life into like an unpaid accounting internship. Your money should create freedom, not become another demanding employer. Effective money maxing focuses on the big levers first. Get some big wins. Increase your earned income. Own those productive assets. Use good debt prudently. Reduce taxes legally. Protect yourself against catastrophic losses. Maintain liquidity, and then optimize the smaller expenses. Do not spend three hours clipping coupons while ignoring a poorly structured $400,000 mortgage. You do not congratulate yourself on saving $9 on lunch while leaving 50k idle in an account that earns almost nothing. So we don't obsess over credit card points while carrying a balance because paying 24% interest to earn 2% cash back is not money maxing. That is like arithmetic getting mugged in an alley. And there's also an important difference between looking rich and becoming wealthy. Social media rewards visible consumption on things like cars, watches, first-class seats, rooftop dinners, actual wealth-that's something that's often invisible. It is the rental property quietly producing income. It is the ownership stake compounding in the background. It is the tax strategy that's never going to appear in a photograph, and it is the growing gap between what you earn and what you need to live.   Keith Weinhold  36:46   The person displaying the most wealth can have the least. The person saying very little might own the building. So yes, embrace money maxing. Know where your money goes. Eliminate the waste. Negotiate recurring expenses, automate your good decisions, and make your dollar purposeful. Each dollar, but don't stop with living below your means because that is only financial defense. Growing your means is financial offense. Saving money can make you more secure. Owning productive assets-that's what can make you free. The highest form of money maxing is not becoming the world's most efficient consumer. It is making the transition from consumer to owner. Own businesses, own equities, own real estate, own assets that produce value while you sleep, travel, or spend time with the people that matter to you. Because your time is limited, and yet your appetite for generic cereal is also limited. But your ability to create value, acquire assets, and grow your means. That is far less limited. Live below your means if you must, but don't stay there. Grow your means. That is true money maxing. And the number one reason that people don't acquire wealth. Do you know what it is? It's that it simply does not occur to them that they can.    Keith Weinhold  38:24   That is what Brian Tracy said. That is so incredibly simple, and it's true. If you want a money max, you need to have a great system. Let me tell you about a system called the Seven Figure Solution. Now you've been listening to me weekly for almost 12 years here, which I'm immensely grateful for. You've been earning money, investing well, and here with the seven-figure solution, you're going to be able to finally see how it all goes together. It's about making sure that your real estate and other assets appropriately fund your retirement in a way that gives you protection against market downturns, a tax advantage pool of liquidity, the death benefit of a life insurance policy, and actually introduces you to a new form of leverage all at the same time, the liquidity is key because this is where a 401(k) or IRA limit you. Those vehicles have taxes and penalties if you want to use those funds early, and this does not.   Keith Weinhold  39:34   But the seven-figure solution-it's not just for retirees. In fact, our own in-house investment coach here, Naresh uses something like this, and he's in his 30s. It also gives you a significant tailwind during your investing career. Integrate the seven-figure solution the GRE way, where we have a conscientiousness about leverage in cash flow, and in this case, part of it is how to prove. Leverage a life insurance policy. When it's time to tap that policy's cash value, you take what is a policy loan, not a withdrawal, because you're borrowing against your cash value, and therefore you're using the funds in more than one place. That's the leverage, and then the IRS does not tax loan proceeds, and this reminds me of a billionaire borrowing against the value of their stock rather than having to sell any of those assets. And yet, this can be done tax-free. It's similar to what you can do with the seven-figure solution, even for non-billionaires, it is buy, borrow, die. This leverages an indexed universal life policy, and there is the right way to do this and the wrong way to do it. Part of the seven-figure solution is that your cash value can have an upside ceiling and loss protection on the downside. That's really something that you only care about more as you're closer to retirement. And there are some mistakes to avoid here. You don't just want to set up the seven-figure solution off of a website, and it's based on products that you might have heard of from companies like Nationwide and mass mutual. I strongly encourage you to learn more, see how it all goes together, and learn how the seven-figure solution compares to other vehicles like a Roth IRA, 401k, and even a 721 and 1031 exchange. This is very much about you being able to picture your future, you've been building your real estate portfolio either from your investment coach or on your own. This is how the puzzle pieces finally are all going to go together. I am cordially inviting you to join us for a special live event, the Seven Figure Solution. It is co-hosted by our own GRE investment coach Naresh and Haven Bridges Jared, who you heard from on the show with me last week. By attending live from the comfort of your own home or from anywhere, you can have your questions answered in real time. It is this Thursday, the 27th, at 8 p.m. Eastern, 5 p.m. Pacific.   Keith Weinhold  42:23   Most people spend decades building wealth, and then they lose far too much of it because the retirement pieces were never designed to work with each other. So you're going to see how real estate, taxes, insurance, and retirement income can fit into one coordinated strategy, helping you grow and protect your wealth, access capital without immediately selling your assets, and potentially avoid losing hundreds of thousands of dollars to taxes unnecessarily. So it's not just another collection of disconnected financial tips. Really, it's your opportunity to finally see the entire retirement picture and understand what might be missing from yours. It's complimentary to attend. The longer you wait, the fewer options you could have. Decisions made today can affect your wealth for decades. Don't wait until retirement day to discover that your plan had expensive holes in it. There are some moving pieces here, so it's especially helpful that you attend this one live, and that way you can have any questions answered in real time, so that you really understand. And you might have been one of thousands of listeners that have attended our property webinars before, and they are important to building your portfolio. But this one could very well be more important in seeing your big picture, seeing your retirement, and seeing that your heirs aren't left with a giant tax bill too. You can reserve your seat now for the seven-figure solution at grewebinars.com again. That's grewebinars.com. Until next week, I'm your host Keith Weinhold. Don't quit your daydream.   Speaker 2  44:14   Nothing on this show should be considered specific, personal, or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Keith Weinhold  44:42   The preceding program was brought to you by your home for wealth building. getricheducation.com.