Podcasts about Roth IRA

Rick Rule taps into his five decades of experience to talk about inflation, interest rates and investments. We find out about water rights and policies, the strength of the dollar, and company valuations. Rule Symposium: Natural Resource Investing https://opptravel.zohobackstage.com/T... Portfolio Rankings: https://ruleinvestmentmedia.com/ Follow us on Social Media! Twitter: https://twitter.com/stevebarton101 Contact Andy Schectman at Miles Franklin to order precious metals. Tell him you heard it on "In it to Win it" and Andy guarantees you the best price on silver and gold in the country. https://www.stevebartonmoney.com/cont...   DISCLAIMER: I am not a financial adviser, do not take this as financial advice. I only express my opinion based on my experience and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. This is just what I am doing. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, the show may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinion. We recommend them because they are helpful and useful, not because we are looking for the small commission. economy forecast 2022, economy, money, investing, finance, poker, dividends, gold, silver, platinum, palladium, precious metals, crazy economic news, high energy costs, economy news, economy collapse, economy about to crash, trade deficit, debt, good debt, bad debt, economic bubble, doge coin, gas prices, stocks, global supply chains, the fed, Jerome Powell, forbearance ending, consumer sentiment, Elon Musk, Jeff Bezos, EV, cargo ship traffic, CPI, new stimulus checks, Bitcoin, Litecoin, Bitcoin Cash, Etherium, Walmart, evictions, Peter Schiff, inflation tax, stagflation, shrinkflation, deflation, disinflation, hyperinflation, retirement, millennial money, supply chain broken, supply chain issues, gas prices, banking playbook, moratorium, international monetary policy, remote workers, trade deficit, jobs numbers, credit lines, inflation pressure, Bank of England, banks closing, credit lines closing, U.K.'s consumer price index, stimulus, stimulus check, nightmare economy, prepping, MBS, mortgage backed security, Roth IRA, pension, housing collapse, housing market

Hello Martinis and Your Money Listeners! As many of you know, I work with a team to produce one new episode a week despite running a business; and around the summertime, I always feel the need to take a little break from the podcast to refuel my creative juices where the show is concerned. So, I take the month of August off from airing new shows, and during this time, I replay some of my favorite episodes from this past year. I hope you enjoy hearing again or for the first time some of my favorite episodes of this past year. I'll be back in September with new shows and hopefully some exciting news about Financial Gym. Until then, I hope you enjoy the rest of your summer and I'll see you in September! I have been working as a financial planner for over 10 years now and while my clients are all unique with different life goals, a common question that comes up repeatedly is how to best save for retirement, specifically, should you utilize a traditional IRA or 401k plan, otherwise known and the pre-tax options or utilize a Roth IRA or Roth 401k plan or the post-tax options. This question has become increasingly important given that the Roth options have appeared in recent legislative bills, so I thought I would bring on the show a good friend of mine and an expert in helping plan for retirement, Michael Kitces. Michael is the Chief Financial Planning Nerd of Kitces.com, which teaches and trains financial advisors, he's Head of Planning Strategy for Buckingham Wealth Partners, which provides wealth management to retirees. And Co-Founder of XY Planning Network, a network of 1,500+ fee-only financial planners who provide advice to consumers in their 30s, 40s, and 50s. Michael joins me today to help answer the question, to Roth or not to Roth.  For more information, visit the show notes at https://www.martinisandyourmoney.com/show-notes/episode433

With $3k each month in surplus cash flow, should we be dumping it all into our employee stock purchase plans?Have a money question? Email us, ask jill [at] jill on money dot comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A few weeks ago, a client mentioned to me that they had an old Roth IRA from years ago that they had lost track of. This reminded me that there is a search that you can do for lost property. So, if you or someone you know ever find yourself in the position of needing to find some kind of property or resource that you lost, this is the episode for you.You can find show notes and more information by clicking here: https://bit.ly/3vO4Mqc

Today's show is an extremely requested episode. My husband, John, is a financial advisor and is here to answer all your money questions. Many of you have emailed and DMed me asking for this episode, so let's jump into it. 3:11 – Why take financial advice from John? John is a financial advisor and owns a media company, Third Wheel Media. He migrated from journalism to interviewing financial advisors. He decided to do the job himself. 5:45 – John's financial lessons Both of John's grandfathers were good with money but in different ways. One grandfather was good at earning money by selling candy for a living. He was also a good investor. His other grandfather was good at not spending money. He didn't make much money but he was a good saver and sent his kids to college. 8:39 – John's first house John bought his first house at age 25 and put 20% down. 11:20 – Question: How to budget on one income and make decisions jointly? This is more of a marriage question. All of the money that comes into the household is joint money, no matter who earned it. With second marriages, spouses often maintain separate financial lives. 19:36 – Question: Do we have an allowance? Yes, we each have our own spending money each month. And yes, we have a monthly budget. If you have a blow money spending category, you can buy whatever you want. 27:05 – Question: Should kids get an allowance, tithe, etc.? Our son is 6½, so he doesn't understand as much about money. Our daughter, who's older, understands more. We have kids' piggy banks – spend (80%), share (10%) and save (10%).  35:15 – Question: What is a good dollar amount for retirement? No offense, but this is a pointless question because it's impossible to answer. John has clients who retired with $175,000 in retirement savings. Most people would say that's not enough, but they don't spend much and are happy that way. John also has clients who aren't getting much of a Social Security benefit. They have almost $2 million in savings, but they spend a lot each month. 42:38 – Question: Where do I start when living paycheck to paycheck? People in this boat are often so stressed that they can't get out of their own way. There is a path out of debt, but it won't happen overnight. Define your priorities (rent, car payment, food, etc.) and increase income. 52:12 – Question: Are you comfortable talking about money with family and friends? We've made money this thing you can't talk about in our culture, but it isn't like that in other cultures. It drives John crazy that families don't talk about money, and children don't know the financial situation of their aging parents. Why can't we have these generational conversations about money? 56:01 – Question: Should I do a 529 or IRA for kids? Do a 529 for kids. A Roth IRA is not the best use of this money. 58:14 – Question: How do you save for a vacation when there are other priorities? You don't have to spend a bunch of money on a vacation. It can be simple. If money is that tight, the vacation probably isn't a priority. 1:04:08 – Question: What to do if my finances feel out of control? If you're in financial despair, you don't have a good command of your numbers. Find out what you spend on groceries and miscellaneous expenses. Spend a couple months and look at every expense. FEATURED QUOTES There's always a way out (of debt). The question is, how disciplined and motivated are you to make it happen? – John If you are in a marriage or partnership … it has to be a mindset shift where this is our money, and not his money and her money. – Molly This is why you need a financial advisor. We can figure this stuff out with you and determine what your life looks like and how much money you need. – John Why can't we have these generational conversations about money? – John CONNECT: https://rosewoodwealthmanagement.com/ Thank you to our partners of the show! Are you looking to clean up your household cleaning products this year? MamaSuds would like to help! The best way is to simply start with one product. Every time you run out of a specific cleaning product, replace it with a non-toxic one. Another tip, purchase a product that has multiple uses. The MamaSuds Collection has many multiple use products (castile soap or the toilet bombs are just a few!). Their blog has lots of great tips and a castile soap recipe that you can print and make a lot of your own effective cleaners! Give them a try at www.mamasuds.com and don't forget to use the coupon code MOLLY for 15% off your order! I'd like to thank our other partner of the show and that's Tradlands. Tradlands is an INCREDIBLE sustainable fashion brand that believes in clothing that you can live in NOW and love forever. Clothing that not only makes you feel like your best self, but also fits in a way that flatters. Their gorgeous dresses, pants, tops, and more are designed to move with you throughout your busy days. Their Nico dress is my dress in a love language —not only does it have sleeves, but also POCKETS and you know how I feel about dresses with pockets. I love how comfortable and stylish each piece - and they come in colors like classic neutrals or vibrant hues. One of the things I love most about Tradlands is their focus on sustainability and creating small batch clothing that lasts… they never over produce what they make and focus on only the highest quality materials. And you know how much I love supporting small businesses, too. Check them out at https://tradlands.com/businesswithpurpose and use the code MOLLY20 for 20% off!

In this episode of the personal finance podcast, we're gonna talk to Lauren from Adulting Is Easy about how to invest in vacation rentals. Connect with Lauren! o Get all of Lauren's Guides and Calculators here: Gumroad: https://adultingiseasy.gumroad.com/ o Twitter @AdultingIsEasy: https://twitter.com/AdultingIsEasy o Podcast: Apple: https://podcasts.apple.com/us/podcast/adulting-is-easy-making- adulting-easier-by-making-money/id1486213364 Spotify: https://open.spotify.com/show/4QV9qt9oBOyIbO4xArED1x?si=b061c73d9f6f4d36 o YouTube: https://www.youtube.com/channel/UCtKGYc18MdUa-sEztHUp9kQ o Instagram: AdultingIsEasyReal: https://www.instagram.com/adultingiseasyreal/ website: Realadultingiseasy.com Checklist of relevant episodes:  How to Negotiate Your Rent Like A Pro (and win the negotiation!) How to Handle The RISING Cost of Rent (And not Panic!) How to Significantly Reduce Your Housing Costs with Live-In Flips Buy VS. Rent: Is Buying a House a Good Investment?   FREE GUIDES: ============== -Check out the free guide on where to put your money in what order!  https://www.mastermoney.co/stairway-to-wealth   -Here is the free How to Ask for A Raise ebook! https://www.mastermoney.co/get-a-raise-ebook   -Get Access to the 75-Day Challenge: https://www.mastermoney.co/75daychallenge    =============   We have a YOUTUBE channel! Check it out here!    Our Latest Videos:  How To Grow A Podcast Organically What Would Happen If You Maxed Out Your Roth IRA By Age?! (These Results Will Amaze You!) How to Become a Millionaire With a Small Amount of Money (Is it Really This Easy!?) Pre-tax moves for high earners   Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get in touch with me.    ============ Sponsors:    Sponsors:  Thanks to Policygenius For Sponsoring the show! Check them out a Policygenius.com Thanks to Mint Mobile for supporting the show! Cut your phone bill to $15 a month by going to https://mintmobile.com/pfp Thanks to Fundrise for Sponsoring the show! Invest in real estate for as little as $10 by going to fundrise.com/personalfinance Thank you to Chime for sponsoring the show! Check them out at chime.com/pfp Thank you to Betterhelp for sponsoring the show! Check them out at http://betterhelp.com/pfp  Thank you to Apple Card for sponsoring the show! Check them out at https://www.apple.com/apple-card/   ============   Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts!   ============   Check out all the Stuff I Recommend!    USEFUL RESOURCES: Best Place to Open a Roth IRA: https://m1finance.8bxp97.net/5vzD1 My Favorite Free Net Worth and Budget Tool: https://fxo.co/905L Best High Yield Savings Account: https://bit.ly/3HpPjAr  Get a $10 Free Bonus with Acorns: https://bit.ly/3lV0LLE Best Bank and Debit Card for Kids: https://bit.ly/3pJeI09  Get $5 Free Bitcoin at Coinbase: https://bit.ly/3oIQOml Best Credit Building Tool: https://bit.ly/3rmBuwZ  Best Personal Finance Books: https://kit.co/MasterMoney/best-personal-finance-books    ============     DISCLAIMER: I am not a financial adviser. This Podcast is for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am sharing my opinion.    AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.   ============     Check us out on social fam!    Twitter   www.thepersonalfinancepodcast.com   www.mastermoney.co Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

With $20,000 tied up in CDs earning next to nothing, is there something better I should be doing with the money, even if it means blowing out of the CDs? Have a money question? Email us, ask jill [at] jill on money dot comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

When you retire and when you actually stop working may be two different things. How can you get a raise when you're working for a startup in retirement? Should you do Roth conversions before or after you quit working? Plus, find out what Joe and Big Al think about a 529 and series I bond gifting strategy, and using whole life insurance to transfer wealth to the kids. Show notes, free financial resources, the YMYW podcast survey, and Ask Joe & Big Al On Air: https://bizlink.to/ymyw-390

Managing Associate Shawna Theriault, CFP®, CDFA®, CPA, and Senior Associate, Melanie Wells, CFP® join Chief Investment Officer Troy Harmon, CFA, CVA, to discuss the many options for parents who are saving for their children's college education. Read the Article: https://www.henssler.com/pieces-of-the-college-planning-puzzle  

We're kicking off the week by answering listener questions! And if you have a question that you'd like for us to answer on the show, we'd love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!   1 - I'm thinking about buying a used car from a rental fleet- what considerations should I keep in mind? 2 - What steps should we take, or not take, as we're getting more serious with our entrepreneurial endeavors? 3 - Is now a good time to roll my 401k over into a Roth IRA? 4 - What factors should I consider as I'm looking for the best rate on my high yield savings account? 5 - My lender says that I have to move into the duplex that I'm trying to purchase as an investment property- what should I do?   Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances: Knowing your ‘money gear' is a crucial part of your personal finance journey. Start here.  Sign up for the weekly HTM newsletter. It's fun, free, & practical. Find a thriving community of fellow money nerds by joining the HTM Facebook group! Maximize your rewards by getting the best credit card for how you spend. Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile. Don't be cheap and forego getting a life insurance policy. Compare rates with Policygenius.   During this episode we enjoyed a Grapefruit Hefeweizen by Schofferhofer! And please help us to spread the word by letting friends and family know about How To Money! Hit the share button, subscribe if you're not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!   Best friends out!See omnystudio.com/listener for privacy information.

In this episode of the personal finance podcast, we're gonna talk about how to manage your paycheck (by age!) Checklist of relevant episodes:  How to Choose The Right Budget for You (Why budgets Create Freedom!) The 4 Life Changing Options to Building Wealth (Level Up Your Money!) How to Negotiate Your Bills (and Save over Six-Figures!) The Stairway to Wealth 2.0 (The Order You Should Put Your Money in!) How To Prevent Lifestyle Creep (Lifestyle Inflation)   FREE GUIDES: ============== -Check out the free guide on where to put your money in what order!  https://www.mastermoney.co/stairway-to-wealth   -Here is the free How to Ask for A Raise ebook! https://www.mastermoney.co/get-a-raise-ebook   -Get Access to the 75-Day Challenge: https://www.mastermoney.co/75daychallenge    =============   We have a YOUTUBE channel! Check it out here!    Our Latest Videos:  How To Grow A Podcast Organically What Would Happen If You Maxed Out Your Roth IRA By Age?! (These Results Will Amaze You!) How to Become a Millionaire With a Small Amount of Money (Is it Really This Easy!?) Pre-tax moves for high earners   Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get in touch with me.    ============ Sponsors:    Thanks to Policygenius For Sponsoring the show! Check them out a Policygenius.com Thanks to Mint Mobile for supporting the show! Cut your phone bill to $15 a month by going to https://mintmobile.com/pfp Thanks to Fundrise for Sponsoring the show! Invest in real estate for as little as $10 by going to fundrise.com/personalfinance Thank you to Hello Fresh for sponsoring the show! Go to Hello Fresh and use code PFP16 for 16 free meals and 3 free gifts. Thanks to Gusto for Sponsoring the Show! Check them out at Gusto.com/pfp. Thank you to Chime for sponsoring the show! Check them out at chime.com/pfp     ============   Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts!   ============   Check out all the Stuff I Recommend!    USEFUL RESOURCES: Best Place to Open a Roth IRA: https://m1finance.8bxp97.net/5vzD1 My Favorite Free Net Worth and Budget Tool: https://fxo.co/905L Best High Yield Savings Account: https://bit.ly/3HpPjAr  Get a $10 Free Bonus with Acorns: https://bit.ly/3lV0LLE Best Bank and Debit Card for Kids: https://bit.ly/3pJeI09  Get $5 Free Bitcoin at Coinbase: https://bit.ly/3oIQOml Best Credit Building Tool: https://bit.ly/3rmBuwZ  Best Personal Finance Books: https://kit.co/MasterMoney/best-personal-finance-books    ============     DISCLAIMER: I am not a financial adviser. This Podcast is for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am sharing my opinion.    AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.   ============     Check us out on social fam!    Twitter   www.thepersonalfinancepodcast.com   www.mastermoney.co Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Getting started investing in entrepreneurs is very similar to investing in real estate. Karen & Heather delve into the innovative ways real estate investors can use different types of funds to get started in investing with a predictable return, and without all the hassles of searching for good real estate investments and managing those assets directly. Karen introduces the conversation reminding listeners of how she discusses this strategy for those getting started with investing in entrepreneurs in her book, Inside Secrets to Angel Investing, and how that relates to investing in real estate. Hear: -The difference in direct investing and investing through a fund -Untapping the financial power of your 401K and/or Roth IRA to invest in real estate Heather Dreves, the Director of Funding at Secured Investment Corp., oversees the management of two funds: High Yield Fund II for Accredited Investors, and the Circle of Wealth Fund III, open to all levels of investors with a minimum in at just $1000. Watching people succeed in their business motivates her, and that's why she and her lending team focus on transparency, mentorship, and making sure their investors make their money back. Secured Investment Corp is one of the fastest growing real estate lenders and fund managers in the US. Get their Fund info pack at http://securedinvestmentcorp.com Karen Rands, is the leader of the Compassionate Capitalist Movement™ and author of the best selling financial investment primer: Inside Secrets to Angel Investing.  She is an authority on creating wealth through investing and building successful businesses that can scale and exit rich.  Visit http://Kugarand.com to learn how to hire her firm to identify the red flags of deal before you invest or try to raise capital. Check out the book and get 12 of the 46 Inside Secrets Free http://InsideSecretsToAngelInvesting.com

In today's episode, we take on listener-submitted questions. We'll discuss calculating cash flow, risk-adjusted returns, getting started without large sums of capital with partnerships, and Michael's personal thoughts on the current housing market. We love hearing from you all and taking on your questions, so please keep them coming. Whether it is through reviews or YouTube comments, we will do our best to get to all relevant questions you all send our way. --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Pierre: Hey, everyone, and welcome to the Remote Real Estate Investor. My name is Pierre Carrillo and today I'm with…   Michael: Michael Albaum   Pierre: and today we're going to go over some more listener submitted questions. So let's jump into it.   Good morning, Michael. How are you today?   Michael: I'm good. I'm good man woke up in Washington State this morning on our way up to the San Juan Islands so couldn't be more excited. How about you? I know it's a big day, couple days coming up for you too.   Pierre: I'm doing good man. It's hard to sleep so excited for the weekend…   Michael: Do you want to give our listeners any insights into why it might be hard for you to sleep?   Pierre: Yeah, keep on having dreams that the day is something that can go wrong on the day. I'm getting married this weekend, so…   Michael: Nice man super excited for you and it's gonna go flawlessly.   Pierre: I'm sure I'm just having these weird dreams that are very, very unlikely about like, completely impossible case scenarios, but…   Michael: Pterodactyls are gonna crash your wedding and…     Pierre: Pterodactyls are gonna come down on the altar and knock over the tables. Oh, man, well, it's really stupid.   Michael: It's gonna be an amazing event, really, congratulations and I can't wait to see pictures after.   Pierre: Thank you, Mike. Cool, so we got a bunch of questions here. Let's see how many we can get through. We're kind of in a rush today. So let's, let's knock out what we can. Alright, let's knock out some of these easier ones real quick. First, is cashflow accounting for all the costs for owning a property?   Michael: Yes, I think it should. You'll get different definitions from different people. Some might say, hey, your cash flow is you take your rent, and you subtract out your PI TI, because that's your principal interest, taxes and insurance. Those are the expenses that they're accounted for everything leftover as cashflow. I'm quite a bit more conservative and I say, hey, yeah, that's a big chunk of what you got to subtract out from the rent but there's also prepared maintenance Property Management expenses, if using a manager capex reserves, things that could go sideways and so you want to have money set aside and earmarked for those expenses for not if but when they show up and then anything above and beyond that is your true, free and clear cash flow is what I would say.   Pierre: Agreed, yeah, should operate on its own as its own business. Next question here, thinking about generating cash flow faster? Does it make sense to purchase a portfolio of single family homes versus one unit generating the same income?   Michael: Hmm, that's a really good question. So I think it comes down to personal risk tolerance and personal investment thesis and strategy. So we could absolutely make the argument that hey, that person that has 10 single family homes, has less risk, from an occupancy standpoint than the person that owns one big single family home that generates the same revenue, let's say, because if one person leaves the person, the guy who are the person who has the portfolio, if one person leaves, they're still 90% occupied, they've only got a 10% vacancy, because they've got 10 folks living there. If, on the other hand, are single portfolio or single house person, if they have that tenant leaves or 100% vacant. Now, we could also make the argument that the person with 10 homes has 10 roofs to maintain, and 10 h facts to worry about and 10 sewer systems to keep track of, versus the person with the one property only has one of each of those things, the knife kind of cuts both ways. What I personally have experienced is that's the reason I went to multifamily is because you get the occupancy and vacancy robustness of having multiple properties but you only have one roof, I still might have 10 H facts if it's 10 unit property or 10, whatever 10 systems to maintain.   But geographically speaking, it's all in one place and so it's a little bit easier to manage. Now, multifamily apartments are going to be very different than a single family from an asset class and you're likely tenant base and the stickiness of a tenant. So that's a whole another conversation for another time. But again, I think the knife cuts both ways, so it's tough to say definitively one or the other.   Pierre: Wouldn't speak to the quality of a property if 10 of them are cash flowing or generating as much revenue as one property, we would be talking about 10 lower quality or lower tier properties, comparing that to one higher tier property.   Michael: Yeah, you probably could get there with logic but I think it's really tough to do in the sense of that's a very unlikely scenario unless you were in two totally separate mark gets in once you kind of leave the bounds of the market, a lot of bets are off anyhow. Yes, real estate is contiguous in the sense of how it's built in a lot of instances and the fundamentals and the mathematics. But the specifics is the specifics is the specifics and the nuances of operating a single family rental in New York is gonna be very different than operating one in California, or in any city that you go into in between. So yeah, it's just it's an unlikely scenario that you would have 10 equaling the gross revenue of one unless that one was like a really big Airbnb or something but again, that's a whole different animal unto itself.   Pierre: All right, what is a risk adjusted cash on cash return?   Michael: That's a really good question. So a risk adjusted cash on cash return is basically taking what institutions it's implementing what institutions do and how they rate properties, and how they think about risk tolerance. So if you can imagine, here, if your buy box is targeting a three, two single family home and a three star neighborhood, and you're targeting an 8% cash on cash return, I'm making up numbers here, right? If you found a property that was in a four star neighborhood was in a better neighborhood, you should be okay accepting a lower return than your targeted 8%. Maybe you're okay with a six and a half percent cash on cash because there's a trade off, right? You were targeting this property for 300, you got something that was better than what you were looking for in one category and so there's this sliding scale and we can see I'm a very visual person, right.   So there's this balance the seesaw, if you will, of usually cashflow versus neighborhood score and so that tends to slide or cash flow and appreciation tends to slide and so we are sliding a little bit more onto the appreciation side, because we're in a better neighborhood, therefore, we should be okay giving up a little bit in terms of our cash flow. Now, that scale should absolutely slide the other way. If you found a property that was in a two star neighborhood, let's say and you were targeting again, three and eight, well, hey, you're giving up a little bit on the potential appreciation, or at least we will expect you to because of the neighborhood rating, as compared to the three therefore you should be demanding a better cash on cash return. It's a way to be dynamic with your Buy Box and adjust to the situation that you find yourself in with regard to the physical properties themselves, as opposed saying, okay, I'm only taking a three star 8% cash on cash like, yeah, you're totally welcome to do that but this gives you a little bit of a wider scope, so to speak.   Pierre: Okay, is there a way to what's Is there a formula to use to calculate what your risk adjusted return should be based on different neighborhood ratings or property ratings?   Michael: There is and so yes, and no. So we built that into the Roofstock Academy calculators that we helped give folks to help evaluate them, help them evaluate properties. So we built that in for some folks, if you're doing it on your own, it just really comes down to what your risk tolerance looks like and so you and I keep looking at the same we can have the same Buy Box three star neighborhood 8% cash on cash and if we both find a property, that's four star neighborhood, I might be okay, accepting a six and a half percent cash on cash, you might only be okay at 7% because of what your investment thesis is, and risk tolerance looks like I might be putting more eggs in the appreciation basket, so to speak, where you might be saying that I don't know if it's gonna appreciate that much. So it's more of a concept than a than a true like mathematical formula. So I think it's just important to be thinking about and be aware of as folks looking at properties in, you know, in neighborhoods in areas and markets outside of their direct scope.   Pierre: Let's stick with the cash on cash topic. Mike, in this question here asks, is 8% a reasonable cash on cash return to seek in this market today?   Michael: So you're using my own number against…   Pierre: …a just happened to be just 8%?...   Michael: Our last example? Yeah, it just happened to screenshare. So it all depends, I think is so often the answer, unfortunately, and it depends on a number of different factors. I just underwrote a property that I purchased as a short term rental, where the projected cash on cash was like 15 16%. So is 8% reasonable, totally doubling that. So it really comes down to what's your strategy is cashflow, and long term rentals what we're talking about here, and I'm gonna assume for a minute that it is. Yeah, I think it's still totally possible. We just have to engineer the return correctly, which is something I think a lot of people aren't familiar with or don't know how to do or aren't willing to do from the standpoint of, I think so many of us are trained to go purchase rentals with 20% down and that's it. That's the deal. Well, that is one way to purchase rentals. But if the returns don't work at that threshold, maybe we tweak it, maybe we need to put 20% down maybe had to put 30 40% down and I think people are listening to this and if they're really familiar with the mathematical equation for cash on cash might be thinking, Michael, that's going to drive your cash on cash down, because we're using less leverage and in a lot of instances, it will, but not all of them and so there are very certain types of properties based on the characteristics of purchase price, what they rent for their expense profiles, and what your what kind of leverage you're using, that all goes into this recipe, so to speak, to bake the end result, which is often cash on cash and cap rate and so we can unequivocally say, less leveraged bad in terms of cash on cash return. So we want to run the numbers and look at putting a larger percent down, because that will often give you a break on the interest rate and the larger the property purchase in terms of purchase price, the more impactful that additional breaking interest rate becomes and so if we're looking at an $80,000 property, for example, we're going to finance it, the difference between a 4% interest rate or a 6% interest rate doesn't move the needle a lot. Of course, 4% is better than 6%, because we're paying less in interest over the life of that loan, our monthly payments are smaller. But if we're purchasing a $250,000 property, the difference between a four and six can be quite significant in terms of actual dollars that you're spending on that monthly payment. So I think we just need to be a little more creative on how we engineer properties in terms of the purchase, are we purchasing them, right? Using the proper amount of leverage? That can that can be all that's needed to dictate what our return looks like.   Pierre: Cool and we did a video on this specifically, using a pro forma template and running the numbers and comparing what kind of property would do better with an all cash offer and what one would do better with leverage. So check that link right above here for seeing like break that all down into detail. Like what is the lowest cash on cash return that you would accept all other factors considered?   Michael: Oh, that's a really good question. For me, personally, I'll probably be in the 5% range because I know that that's a that's a point in time. I think we're all thinking about this point in time right now as kind of the whole picture, and as the movie. But I think if we think about, again, my visual brain coming into play here, if we think about a movie, like a movie reel, it's snippets of pictures, right? That's where we get our motion picture from and so right now we're seeing one of those snippets, tomorrow is going to be different, the day after is going to be different in every moment, every day, going forward is going to be different and so I'm not looking at this point in time as the whole movie and so if I'm getting a 5% cash on cash today, I know at some point down the road, the rents will probably go up, interest rates may come down. They may not but they may and if I'm okay with 5% today, and the interest rates don't ever go down. Well, okay, I bought a deal that I was okay with earning 5% and again, my rent should go up over time. So my return should get better with time and if the interest rates do go down, well just refinance, and get likely better cash on cash. So you know, I was probably 10%. Last year, if you'd asked me that question. This year, I'm probably at 5% for long term, very traditional rentals. But I've also pivoted my strategy quite a bit to be more short term focused and so the returns there tend to be quite a bit better than your traditional long term, at, at whatever percentage you're okay, accepting today.   Pierre: All right, Mike, this next one? Is it better to save cash and buy a home every two years cash or by using loans? I find using cash, I automatically save about $5,000 in closing costs?   Michael: Yes, so I would say the answer can be a little bit of both. You don't have to do one or the other exclusively and so what I've done in the past that I've seen work really well and can be a very powerful tool is to buy the property, all cash, and then turn around and get your refinance and cash out 75% of the dollars that you put into the deal and so yes, you save cash, when you save dollars by going the all cash out because your closing costs, depending on the size of your deal, those closing costs might be negligible, or they might be significant and so if you determine that they're significant for you, maybe you do just hold the thing in cash for two years and then go buy something else. But I like the all cash purchase because you get the benefits of quick close, aggressive offers, you can often get the purchase price lower, and they just turn around and refi and for you at the end of the day, it's like an all cash it was a finance purchase to begin with, except for that hold period and you might only be able to cash out 75% as opposed to the 80% that you can often get financed when you go to purchase the property which that I still don't understand. By the way, why you can only get 70% on the cash out after you already own the thing versus you can get 80% leverage on the purchase but I aggress. So I think you can do both and I think you have to run the numbers and figure out what makes sense for you and also think about the risk tolerance that that you have as an individual. Are you okay? Parking money in a real estate asset and leaving it there? Where if the value changes overnight, like your cash evaporates or would you rather put leverage on it and so if the value changes, you're only getting impacted what your equity is in the property, you're 20% and the bank kind of shares in the pain, so to speak with you. Now, if you let the property go, when you're underwater, you're gonna feel the most pain the bank's gonna make you pay for that. But there's, there's again, there's risks associated with doing it either way and so I think it's important to evaluate and determine and just decide for yourself what makes the most sense.   Pierre: What options exist for first time investors, if saving cash alone will not suffice 20% down?   Michael: Another super good question. I would say you got to figure out who has what it is that you don't and, and partner up. So or think about partnering up, if you don't have the cash, but you've got the deal and you've got the know how or the drive to do the deal. Go find someone that wants to be involved in real estate, but either doesn't know how, or doesn't have the time or the will to get involved but has money. Conversely, if you've got money, and you're looking to get involved in real estate, but don't have the time or don't know how to find someone that has those things and so those kind of two personality types are three character traits of having one of the three things you need to do a deal, you either need the deal, or you need the drive, or you need the money, they'll find he'll have what you're missing and start piecing it together for yourselves and I think you'll be surprised at how many people have like one or two of these three things, but not are missing the third and are looking for that kind of unlock, if you will and so feels like oh, well how am I going to find some of money, post about it on Bigger Pockets comm join the Roofstock Academy and network with our investors around the world who are doing the same exact things and I think you might be pleasantly surprised to see what you find.   Pierre: Yep and I was at the Bigger Pockets conference in Denver earlier this year and one of the activities they did at the very beginning was like who has cash but no time, and that those people stood up and then they asked who has time but no cash and everyone sit up and just go into those meetings like that. It's like they facilitate these meetings between people who have to could have a symbiotic relationship. So go to conferences, sometimes they may seem like a lot of money, you might pay five $600 to go to one of these things, but it could open up a lot of doors for you. So that was a cool part that I saw there.   Michael: That's great. That's great. Yeah, I think that's perfect.   Pierre: That's how I got my start. I didn't have any money to invest. But I've consumed all of the Roofstock Academy hundreds of podcasts by now. So I had a little bit and so I teamed up with my brother and that's how we got started.   Michael: Perfect, love it love it.   Pierre: All right, how much money should I have saved up before I decide to get my first rental property?   Michael: A million billion dollars, I think you want to have your down payment plus several months of expenses bank will often require six months of PTI in cash. It really depends on the property, if you're buying a brand new property, like brand new construction, a lot of this stuff is going to be warranted by the seller or builder hopefully and then the appliances are going to gonna likely come with a one year warranty or a manufacturer's warranty at some point. So I'm less concerned about a brand new property than it would be 1950s built, everything's still original. So you have to evaluate, okay, what's my, what's my risk here and the way that you would quantify risk, which I think a lot of people don't look at is, first and foremost, what's your insurance deductible, if you've got a $5,000 deductible, you should never have less than five grand in your pocket ready to go tomorrow because if a snowstorm caves in your roof, you're on the hook for the first five grand to replace that roof.   Similarly, if you have a home warranty in place, for all the major appliances, you need your trade coffee, which can be 50 to 100 bucks, whatever and then hopefully, they're going to cover the appliance, but just kind of look around the house and say, Okay, what's likely to fail, you know, walls just don't fall down on themselves. Garages don't just collapse usually on their own, unless you're in a sinkhole or earthquake zone, whatever. So there has to be something to cause this stuff to fail, versus like your electronic components or your appliances. One day, they might just stop working, you got to turn on the stove, and it just doesn't work and you gotta go replace that thing. So I think it's important to look around your specific property and figure out okay, well, what's old and what is my what is my risk profile and where do I have the cash or cash equivalents? You know, some people would argue that a Roth IRA that you put a bunch of money into could be considered a cash equivalent because you always could pull out your, your additional contributions. I think it's up to like five years or something. So like, oh, Well, that's access to money that I didn't maybe know I had. So if you're okay with that, think about what that looks like if that's going to be treated as your cash equivalent, but I would say at least several months of reserves, above and beyond the PITI that the bank is going to require you to have.   Pierre: Cool, let's dig down on this a little bit more like going to like a personal finance perspective. At what point, you know, before getting into real estate, should someone have their financial house in order? What is a good place to be financially before you know that is starting to save up this first chunk of money to get into real estate?   Michael: Yeah, I'd say someone should have a pretty good handle on what their spend in terms of income and expenses looks like and so they know how much on an average month they're spending, they know how much they're saving and they are cognizant of, like just where their dollars go, because you're gonna want to do that with real estate investing, you want to keep track of okay, where are the dollars coming in? Where are they going and you want to make sure that you can A) run the numbers, right, I find that to be a big thing for folks, if you can, if you're already doing that, if you're already tracking and budgeting, basically what we built ourselves a pro forma in life, right is what a budget is same thing for real estate investing. So that skill already translates but if you're constantly trying to figure out where am I dollars going, and you know, I'm spending a bunch more than I'm trying, real estate investing could be tough, because now you're adding an additional expense and we're hoping that there's income coming in if you do your homework there should be and if you operate correctly, there should be. But I'd say you want to feel comfortable because there are big expenses that pop up with real estate investing, anyone who's been in this business long enough will tell you that and so if that makes you uneasy or on shaky, or you're not in a financially sound position to be able to absorb those hits or those blows, that can be really scary and I would definitely encourage everyone to think long and hard before getting involved in this business. Are you willing to stomach that and are you in a financially sound position that you can absorb those blows, and those can come in all different sizes and forms and so again, that's why I think it's so important to understand what your risk exposure looks like because the exposure on a $80,000 house, run of the mill 1950s, build whatever is going to be very different than a $500,000 house in Manhattan or condo, whatever. So it's really important to get clear on okay, where is my exposure coming from and then quantify it? How bad could it get if it's gonna go bad?   Pierre: Alright, next question here, Mike, when I previously own property, I hit a limit, because my debt to income ratio, how do I get around this to own 36 houses in 10 years?   Michael: So I think my guess is that question is coming from someone who purchased their primary residence and then went to purchase investment property. So investment property, in theory should actually better your debt to income because if you can imagine you've got debt now in the form of your mortgage payment, but and then your taxes and insurance. But then you also have income and so the income if we're cashflow positive, outweighs the debt and so we often see debt to income ratios decrease with time and so, I mean, there's your answer, if you're if you're buying cash flowing real estate, your debt to income is gonna be better than it was before you own it. Now, a lot of banks might not consider or give you credit for that, until you've owned the property for X amount of time, this has happened to me, I just had a lender tell me, hey, we're not going to consider the cash flow on your primary residence because it hasn't shown up on your tax returns yet. I'm like, yeah, but look, here's the lease, and here's all the deposit into my account and like, we don't care, whatever. So that could be a scenario but that's a very short term problem and I think, too, by the time someone is looking to purchase, I get the question too, hey, I can only have 10 loans. How do I buy 36 properties or how do I buy more than 10 properties. And what I found just personally, is that by the time someone owns, close to 10 properties, they they're finding out a different way to finance the properties anyhow, whether that's going commercial or going hard money or private money, whatever or you just bundle up a bunch of the single families into a portfolio note, put it on a commercial loan. Now you've just freed up a bunch of more conventional conforming loans. You're back in the game. So I think there's a number of different ways to approach it but I think to the original question of the debt to income issue, again, if you're buying cash flowing rental properties, your debt to income is likely going to be getting better with time.   Pierre: What are your thoughts about the upcoming housing correction crash? Is it best to wait for a few months to see how the market behaves to possible recession and interest rates hike interest rate hikes later in the year?   Michael: That's another really good question. So without having a crystal with a very hot topic, so it's interesting because interest rates have already gone up over the past six months drastically and yet demand still seems to be at an all-time high with purchasing rates at an all-time high. So if you're someone that is feeling more calm, trouble to kind of sit and pause and take a break and just see what happens, knowing full well that interest rates may continue to climb, and prices might not drop. That's totally cool. I think it's the person that's like, hey, I want to wait and see what's going on, figure out where this is going, rates continue to go up, prices continue to go up and that's not something we've seen before other than the last six months and then you're gonna be pissed that you missed out. That's where I think I want to encourage you all to think differently. I think you have to understand full stop, what are the implications of me doing nothing today? What could happen, and be okay with that?   So I think just, again, getting straight with yourself getting clear with yourself around, hey, interest rates might continue to go up. That doesn't necessarily mean prices are going to come down as much as maybe we think they are, or necessarily at all, because again, this past six months, they haven't really come down much and again, it's market specific. So in some markets, you might listen to like, yeah, I've seen it come down 10-50%. That's totally fine in your market, I think it's important to understand your market. So that was a kind of roundabout way of saying, get clear on what could happen, the likely the possible scenarios, and then decide and also like, if you go back to fundamentals, and you're looking at a deal today, and it makes sense and hits your Buy Box, like I'm, I'm all for it. I just bought a deal back in May and prices were more expensive than they were a year ago but I was like, you know what the deal still make sense? The numbers don't make sense. So I'm going to proceed and getting back to like we were talking about previously, interest rates change with time and so if it makes sense today, and it rates go down, you only got a better deal down the road and if they don't well, then okay, then you're okay with the deal that you bought today and again, the income should go up with time.   Pierre: And it does seem like we are seeing a drop in prices in markets where the tech industry is most concentrated. But you're right. It is not global, that it doesn't happen everywhere all at once but it's happening and anecdotally, I'm we're looking at homes right now and see price cuts on so many houses. So it's not a statistic, but I'm seeing it happen…   Michael: But you're seeing it.   Pierre: Yeah. Have you been looking at all Mike for you? You've been in an acquisition mode at all lately?   Michael: No, not since that last one in May. We've been just trying to get the short term rentals humming along nicely and smoothly. So we've just been focused on that and then also my development project getting that over the finish line, which I am so so close, which I'm very excited about.   Pierre: Awesome. Well, that is it for the questions today. Thanks, Mike for sharing.   Michael: You got it.   Pierre: It's got to go.   Michael: Sweet.   Pierre: Thanks, everyone for tuning into the podcast. Please leave us your questions as YouTube comments or on the podcast app. We love hearing from you all. We will catch you on the next episode. Thanks so much for listening.   Michael: Happy investing…

This week, Farnoosh unveils The Recession Help Desk, a new Friday feature tied to helping the So Money audience with current economic challenges. On today's show: Is it better to pay off debt or add to savings, as we head into a recession? Is it OK to tap a Roth IRA to supplement emergency savings? What are the pros and cons of physician mortgages? And more. Send your questions to RecessionHelp@CNET.com. Sign up for Farnoosh's weekly newsletter and receive a free copy of So Money Secrets, a compilation of the best advice shared on the podcast. Watch this episode on YouTube! Learn more about your ad choices. Visit megaphone.fm/adchoices

The ROTH IRA is an amazing retirement tool that offers tax-free options as our money grows. Galia answers all of your questions regarding ROTH IRAs and why they are so beneficial for your portfolio.     Who can open one? Can you do so if you are self employed or work for a company? Can your teen open a ROTH? How should you pick investments for your ROTH IRA and where is best to open one? Hey - who created the Roth?   Susan reveals how easily seduced she is by safe deposit boxes and their hidden secrets. Hint: million dollar jade, trench coats and cigarettes may be involved.

Today's Flashback Friday is from episode 542 published last July 15, 2015. The world of long term financial savings plans can leave you dizzy. The paperwork can be pages and pages of jargon which make plans hard to distinguish and administer. Jason's guest Edwin Kelly from Specialized IRA Services breaks down the Self Directed IRA, the solo 401k and Health Savings Account or HSA. Arming you with the setup cost and annual fee's to help you make educated decisions about your investment future. You'll hear solutions to creating wealth and obtaining more passive income through smart investing with a little help from people in the know.  Key Takeaways: Jason's Editorial: 2:15 Self directed IRA investing 4:32 Nathan asks about out of state rental properties  5:32 Have at least 4% of the properties value in the bank as an emergency fund 7:35 Steve asks about Jason's foundation 9:38 Steve also asks about credit history and bankruptcy 12:32 Asset based financing; a hard money loan Edwin Kelly Interview: 14:55 Would Donald Trump be a good president? 16:30 Invitation for Warren to be on the show 17:24 IRA Custodians, Administrators what's the difference? 18:27 What are the fee's of self-directed IRA's 19:48 There is no fee sharing or back end money 21:06 A customized approach to IRA's 25:34 People need passive income  26:13 An everyday example of buy and hold real estate investing 30:37 Solo 401k or Individual 401k 35:12 Solo k paperwork was cumbersome and complex  36:21 $400 annually for a self directed IRA and $700 for a 401K 38:58 HSA - Health Saving Account  40:19 An HSA works by marrying the tax benefits of the traditional and Roth IRA's  41:48 Are you able to pay for proactive executive health physicals via an HSA? 43:17 Breast Augmentation for medical reasons is a qualified medical expense 45:43 An HSA is not a Flexible Saving Account 46:21 Investing in buy and hold real estate from the HSA 48:01 HSA and IRA are fairly easy to administer 48:46 An LLC inside of an IRA?  51:34 Multiple LLC's for asset protection Mentions: Specialized IRA Services    Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

Welcome to the fifty seventh episode of #Expatchat where we discuss the latest tax and financial issues affecting an #Australianexpat. In today's Expat Chat we talk about the key issues surrounding US retirement accounts that Australian expats who move to the US need to consider and understand. Many Australian expat destinations offer their own version of a retirement account and the US is no different. Whether its a 401k, ROTH IRA, or a Back Door IRA Australian expats will be offered to participate in these when they are employed by a US company. Whilst there maybe a number of financial and tax incentives in the US to participate in these retirement plans its important that Australian expats understand how they work, and if you are considering cashing them in when you are leaving the US, what are the considerations. In this episode we run through the following topics: • What is a IRA? • How does a 401k differ from a ROTH IRA? • How does the taxing element differ from the traditional Australian super funds? • Are you better off redeeming the 401k/IRA whilst you are a US resident or a Australian tax resident? Links that we discussed in this episode include: • Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/ • Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/ If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below. Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat. Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community. Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas. To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com. Make sure you connect with us on our respective social media channels: Facebook: www.facebook.com/atlaswealthmgmt LinkedIn: www.linkedin.com/company/atlas-wealth-management Twitter: www.twitter.com/atlaswealthmgmt Instagram: www.instagram.com/atlaswealthmgmt

I left my financial advisor several months ago and have a variety of retirement accounts and I'm not sure if I should consolidate and if my mix of assets is ideal.Have a money question? Email us, ask jill [at] jill on money dot comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode of the personal finance podcast, we're gonna talk about how you can negotiate your rent, like a pro.  Checklist of what we talk about: . Step by step guide on how to negotiate your rent. How to keep your housing expenses below 30% of your net income How to build wealth Checklist of relevant episodes:  How to Choose The Right Budget for You (Why budgets Create Freedom!) The 4 Life Changing Options to Building Wealth (Level Up Your Money!) How to Negotiate Your Bills (and Save over Six-Figures!)   FREE GUIDES: ============== -Check out the free guide on where to put your money in what order!  https://www.mastermoney.co/stairway-to-wealth   -Here is the free How to Ask for A Raise ebook! https://www.mastermoney.co/get-a-raise-ebook   -Get Access to the 75-Day Challenge: https://www.mastermoney.co/75daychallenge    =============   We have a YOUTUBE channel! Check it out here!    Our Latest Videos:  How To Grow A Podcast Organically What Would Happen If You Maxed Out Your Roth IRA By Age?! (These Results Will Amaze You!) How to Become a Millionaire With a Small Amount of Money (Is it Really This Easy!?) Pre-tax moves for high earners   ============   Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get in touch with me.    ============ Sponsors:    Thanks to Policygenius For Sponsoring the show! Check them out a Policygenius.com Thanks to Mint Mobile for supporting the show! Cut your phone bill to $15 a month by going to https://mintmobile.com/pfp Thanks to Fundrise for Sponsoring the show! Invest in real estate for as little as $10 by going to fundrise.com/personalfinance Thank you to Hello Fresh for sponsoring the show! Go to Hello Fresh and use code PFP16 for 16 free meals and 3 free gifts. Thanks to Gusto for Sponsoring the Show! Check them out at Gusto.com/pfp. Thank you to Chime for sponsoring the show! Check them out at chime.com/pfp     ============   Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts! ============   More Episodes You Will Love:    The Stairway to Wealth 2.0 (The Order You Should Put Your Money in!) How to Track Your Net Worth How to Set Money Goals You Will Actually Achieve How To Prevent Lifestyle Creep (Lifestyle Inflation) 7 Ways to Pay Down Your Student Loans Faster How You Can Have a Free Car for Life (It's True!) Why Your Savings Rate Matters    ============   Check out all the Stuff I Recommend!    USEFUL RESOURCES: Best Place to Open a Roth IRA: https://m1finance.8bxp97.net/5vzD1 My Favorite Free Net Worth and Budget Tool: https://fxo.co/905L Best High Yield Savings Account: https://bit.ly/3HpPjAr  Get a $10 Free Bonus with Acorns: https://bit.ly/3lV0LLE Best Bank and Debit Card for Kids: https://bit.ly/3pJeI09  Get $5 Free Bitcoin at Coinbase: https://bit.ly/3oIQOml Best Credit Building Tool: https://bit.ly/3rmBuwZ  Best Personal Finance Books: https://kit.co/MasterMoney/best-personal-finance-books    ============     DISCLAIMER: I am not a financial adviser. This Podcast is for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am sharing my opinion.    AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.   ============     Check us out on social fam!    Twitter   www.thepersonalfinancepodcast.com   www.mastermoney.co Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Justin Huhn, our show's favorite expert on uranium predicts a bull market of epic proportions in the next one to three years. Follow us on Social Media! Twitter: https://twitter.com/stevebarton101 Contact Andy Schectman at Miles Franklin to order precious metals. Tell him you heard it on "In it to Win it" and Andy guarantees you the best price on silver and gold in the country. https://www.stevebartonmoney.com/contact-2 DISCLAIMER: I am not a financial adviser, do not take this as financial advice. I only express my opinion based on my experience and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. This is just what I am doing. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, the show may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinion. We recommend them because they are helpful and useful, not because we are looking for the small commission. economy forecast 2022, economy, money, investing, finance, poker, dividends, gold, silver, platinum, palladium, precious metals, crazy economic news, high energy costs, economy news, economy collapse, economy about to crash, trade deficit, debt, good debt, bad debt, economic bubble, doge coin, gas prices, stocks, global supply chains, the fed, Jerome Powell, forbearance ending, consumer sentiment, Elon Musk, Jeff Bezos, EV, cargo ship traffic, CPI, new stimulus checks, Bitcoin, Litecoin, Bitcoin Cash, Etherium, Walmart, evictions, Peter Schiff, inflation tax, stagflation, shrinkflation, deflation, disinflation, hyperinflation, retirement, millennial money, supply chain broken, supply chain issues, gas prices, banking playbook, moratorium, international monetary policy, remote workers, trade deficit, jobs numbers, credit lines, inflation pressure, Bank of England, banks closing, credit lines closing, U.K.'s consumer price index, stimulus, stimulus check, nightmare economy, prepping, MBS, mortgage backed security, Roth IRA, pension, housing collapse, housing market

Planning for retirement can be a complex process. There are so many things to do that it's easy to forget common pitfalls to a successful retirement strategy. On this episode, I'm going to go over the Top 5 Retirement mistakes that I see regularly, how to avoid them, and resources to make sure you're on the right track. You will want to hear this episode if you are interested in... Are you paying too much in taxes? [1:31]  How soon is too soon to collect social security? [8:04]  Do you have an investor policy statement? [10:23]  How much money do you need to retire well? [11:45]  Don't get ripped off by people or products [13:19] Keep your money in your pocket The number one retirement planning mistake I see is people paying too much in taxes during pre and post-retirement. This happens most often in pre-retirement through missed deductions. Future retirees want to find out if their employers match 401k and 403b contributions and if they contribute enough to earn their companies maximum match. Those on high deductible health plans should also take advantage of a health savings account (HSA) if it's availab. These two deductions alone can set you up for success in pre-retirement. On the post-retirement side, you want to develop a strategy around your taxable income. Traditional retirement accounts allow you to take deductions upfront and pay taxes later. This could potentially create an issue in retirement because with various forms of retirement income like Social Security and a pension, retirement account distributions could put you in a similar tax bracket as when you were working. Not to mention mandatory distributions kick in when you turn 72. One way to tackle this problem is to take the money out now at a lower and predictable tax rate and put it into a Roth IRA where the money can be withdrawn tax-free at a later date.  Fail to plan, plan to fail You would never plan a trip without knowing where your starting point is. So why do that when it comes to retirement planning and investments? A recent study showed that out of 6,300 Americans, half simply guessed a dollar amount when it came to knowing how much money they'll need for retirement. Only seven percent of the study participants opted to use a retirement calculator. For whatever reason, many future retirees put off doing the math on how much they'll need to live comfortably in retirement. Perhaps out of fear that the end goal is unattainable? But ignorance is not bliss! You have no chance of knowing where you stand without running the numbers and clearly planning for your future. A great way to start the retirement planning process is through an investor policy statement. This guide establishes a framework for your portfolio by detailing your target asset allocation, which assets you're investing in, the investment timeframe, cash flow needs, and your system for maintaining these investments. Without an investor policy statement, you're essentially winging it. Buying and selling based purely on emotion rather than strategy. That will turn you into a collector of investments rather than a profitable investor. Having an investor policy statement means having a clear direction that helps you stick to your investments long-term. Listen to this episode for more retirement planning pitfalls to avoid! Resources Mentioned How Does Medicare Enrollment Impact HSA Contributions, #91  TCRS Annual Retirement Survey  How to Avoid Being Ripped Off By Your Financial Advisor, Ep #10  BrokerCheck Investment Adviser Public Disclosure Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact

Should you save for a house down payment or invest for retirement? How much long term capital gains tax do you pay on a rental property when you sell it after 20 years, and how does a 1031 exchange work? Also, opening a Roth IRA with the Backdoor Roth strategy, and the 5 year Roth withdrawal rules explained. Plus, a couple retirement spitball analyses: are you saving too aggressively for retirement? Can you avoid the Medicare IRMAA, or income related monthly adjustment amount, and high taxes from required minimum distributions? Show notes with annual podcast survey, free financial resources, and Ask Joe & Big Al On Air: https://bizlink.to/ymyw-389

Episode 189 - While Roth IRAs are very attractive because of tax-free growth and tax-free qualified distributions, there are many considerations when deciding to convert a Traditional IRA to a Roth IRA.

Even though I'm only in my 20s, I feel like I'm in need of a financial checkup, especially regarding a gifted mutual fund account. Have a money question? Email us, ask jill [at] jill on money dot comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Taxes are still relatively low, but that can change at any time.  An article in U.S. News & World Report says that makes this an opportune time to consider converting a traditional individual retirement account into a Roth IRA.  But this might not be right for everyone.  What instances could make this a good move or maybe not?    

In this episode of the personal finance podcast, we're gonna talk about how to handle the rising cost of rent. Checklist of what we talk about: How to handle your financial situation How to negotiate your rent Why is rent increasing How much should you spend on housing Where rent increases are the highest and lowest Checklist of relevant episodes:  How to Build Wealth (Even on a Low Income!) With Joshua Mayo How to Significantly Reduce Your Housing Costs with Live-In Flips How to Buy a House with Only 3.5% Down! (The FHA Loan Explained)   FREE GUIDES: ============== -Check out the free guide on where to put your money in what order!  https://www.mastermoney.co/stairway-to-wealth   -Here is the free How to Ask for A Raise ebook! https://www.mastermoney.co/get-a-raise-ebook   -Get Access to the 75-Day Challenge: https://www.mastermoney.co/75daychallenge    =============   We have a YOUTUBE channel! Check it out here!    Our Latest Videos:  How To Grow A Podcast Organically What Would Happen If You Maxed Out Your Roth IRA By Age?! (These Results Will Amaze You!) How to Become a Millionaire With a Small Amount of Money (Is it Really This Easy!?) Pre-tax moves for high earners   ============   Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get in touch with me.    ============ Sponsors:    Thanks to Policygenius For Sponsoring the show! Check them out a Policygenius.com Thanks to Mint Mobile for supporting the show! Cut your phone bill to $15 a month by going to https://mintmobile.com/pfp Thanks to Fundrise for Sponsoring the show! Invest in real estate for as little as $10 by going to fundrise.com/personalfinance Thank you to Better Help for sponsoring the show! Go to Betterhelp.com/PFP for 10% off! Thank you to Chime for sponsoring the show! Check them out at chime.com/pfp     ============   Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts! ============   More Episodes You Will Love:    The Stairway to Wealth 2.0 (The Order You Should Put Your Money in!) How to Track Your Net Worth How to Set Money Goals You Will Actually Achieve How To Prevent Lifestyle Creep (Lifestyle Inflation) 7 Ways to Pay Down Your Student Loans Faster How You Can Have a Free Car for Life (It's True!) Why Your Savings Rate Matters    ============   Check out all the Stuff I Recommend!    USEFUL RESOURCES: Best Place to Open a Roth IRA: https://m1finance.8bxp97.net/5vzD1 My Favorite Free Net Worth and Budget Tool: https://fxo.co/905L Best High Yield Savings Account: https://bit.ly/3HpPjAr  Get a $10 Free Bonus with Acorns: https://bit.ly/3lV0LLE Best Bank and Debit Card for Kids: https://bit.ly/3pJeI09  Get $5 Free Bitcoin at Coinbase: https://bit.ly/3oIQOml Best Credit Building Tool: https://bit.ly/3rmBuwZ  Best Personal Finance Books: https://kit.co/MasterMoney/best-personal-finance-books    ============     DISCLAIMER: I am not a financial adviser. This Podcast is for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am sharing my opinion.    AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.   ============     Check us out on social fam!    Twitter   www.thepersonalfinancepodcast.com   www.mastermoney.co Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

During this episode, we'll first examine some of the ways that Roth IRAs may be a good fit for certain financial strategies before pivoting to discussing some of the prominent financial scams that are currently making the rounds.

We talk a lot about investment accounts like your 401(k) and Roth IRA, but people ask us all the time for our advice on real estate. So we put together a compilation of some of our favorite advice on all things real estate - when should you start investing in real estate; and how exactly should you do it? You won't want to miss this one! Timestamps: 0:37 - 3 Big Myths About Real Estate Investing 5:01 -This is What Makes Real Estate Investing So Powerful 07:46 - How to Get Started in Real Estate Investing 31:02 - Is Real Estate a Great Hedge Against Inflation? 34:28 - When Should You Start Investing in Real Estate? 40:06 - Should You Save Up For Real Estate Using Index Funds? 43:58 - How Much Should You Spend on a Home Remodel? 49:54 - Is Buying a Duplex as a First Home a Good Idea? 52:38 - Should I Sell or Rent My Condo When I Move? 57:30 - What Should We Do With the Extra Money After Selling Our Home? Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok

There are many factors to consider when determining the best time to do Roth conversions. Whether you're considering a Roth conversion to meet your future financial goals or simply want to reduce some of your taxable income, here are new episodes that can help you make an informed decision. In this Podcast, Dave talks about… Why are Roth conversions an excellent thing to do? When is the optimal time to do a Roth conversion? Reasons you are probably not a good fit to convert the IRA money Know more about cases based on the tax brackets The difference between pre-tax and Roth Why converting pre-tax 401K IRA dollars to Roth IRAs powerful? Resources Mentioned: Contact: What's My Number? - (612) 284-2409 Blogs The best time to do Roth Conversion What is the super back door Roth Ira? Should I Wait for a Dip?   For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com ----more--------more--------more---- Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm's views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

My mother is on the verge of full retirement, and over the last year, I've been trying to help her consolidate several accounts into Vanguard. Are we moving in the right direction? Have a money question? Email us, ask jill [at] jill on money dot comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wondering what you need to know about a bear market, a mutual fund, or a recession? David tackles these sometimes confusing topics and shares the essentials you should know.   What we discuss on this episode: 0:46 - The Chiefs are getting up and running again! 1:20 - Let's talk about some financial jargon. 2:05 - What should you know about bear and bull markets?  6:07 - Why is diversification important? 12:10 - A lot of people are talking about a recession. 15:13 - What's the difference between mutual funds, ETFs, and target date funds? 20:17 - 401(k) vs. Roth IRA vs. IRA?   Get additional financial resources here: https://www.coveryourassetskc.com/podcasts

Today Kate chats with Clark Kendall, CEO of Kendall Capital. Clark offers his views on portfolio management during the downturn, with some very practical steps to allocate your money, as well as invest for tax advantages. Investors and traders sometimes overlook the tax consequences of their decisions, but tax strategies - or lack thereof - can mean a significant difference when it comes to your bottom line. A bear market is a great time to review your holdings and optimize your account to preserve capital and take advantage of tax strategies. -Why Clark says investors should remain calm through the bear market -How investors can manage their holdings right now to realize losses for tax purposes -How to do a Roth IRA conversion, paying taxes in a year when the market is down, and have a tax advantage going forward -Why Clark advises using dollar-cost average to get a discount on funding your retirement account -Why it's unlikely you can call the bottom of the market -The two biggest mistakes individual investors make -How Clark views fixed-income investing in this market -Why Clark likes dividend-paying stocks -An alternative way to invest in crypto -Pros and cons about using mutual funds -How to handle individual stocks for appreciation as well as tax management -How does Clark approach portfolio diversification? What types of vehicles does he suggest using within a portfolio? -How to plan for a retirement that may last 20 or 30 years- so you can maintain purchasing power and avoid running out of money in your golden years -What inflation rate and real rate of return should retirement investors be using right now? How can you do that calculation? kendallcapital.com Links mentioned in this episode: https://www.marketbeat.com/all-access/ This podcast is hosted by ZenCast.fm

In this episode of the personal finance podcast, we're gonna talk about how to build wealth, even if you don't make a ton of money with Joshua Mayo. Connect with Joshua: Joshua's Youtube Channel Joshua's Instagram How to Build Wealth from $0 Video Joshua's Blog Checklist of what we talk about: . How do you start to build wealth if you have a low salary. Reasons why you need to increase your income. How to get to million-dollar net worth. The power of the savings rate and why it's so important. Checklist of relevant episodes:  From Graduate to Millionaire By Age! (High School and College!) Should You Invest All Your Money at Once or a Little Each Month? (Dollar-Cost Averaging vs. Lump Sum Investing!) How to Become a Millionaire (By Age)!   FREE GUIDES: ============== -Check out the free guide on where to put your money in what order!  https://www.mastermoney.co/stairway-to-wealth   -Here is the free How to Ask for A Raise ebook! https://www.mastermoney.co/get-a-raise-ebook   -Get Access to the 75-Day Challenge: https://www.mastermoney.co/75daychallenge    =============   We have a YOUTUBE channel! Check it out here!    Our Latest Videos:  How To Grow A Podcast Organically What Would Happen If You Maxed Out Your Roth IRA By Age?! (These Results Will Amaze You!) How to Become a Millionaire With a Small Amount of Money (Is it Really This Easy!?) Pre-tax moves for high earners   ============   Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get in touch with me.    ============ Sponsors:    Thanks to Policygenius For Sponsoring the show! Check them out a Policygenius.com Thanks to Mint Mobile for supporting the show! Cut your phone bill to $15 a month by going to https://mintmobile.com/pfp Thanks to Fundrise for Sponsoring the show! Invest in real estate for as little as $10 by going to fundrise.com/personalfinance Thank you to Hello Fresh for sponsoring the show! Go to Hello Fresh and use code PFP16 for 16 free meals and 3 free gifts. Thanks to Gusto for Sponsoring the Show! Check them out at Gusto.com/pfp. Thank you to Chime for sponsoring the show! Check them out at chime.com/pfp     ============   Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts! ============   More Episodes You Will Love:    The Stairway to Wealth 2.0 (The Order You Should Put Your Money in!) How to Track Your Net Worth How to Set Money Goals You Will Actually Achieve ============   Check out all the Stuff I Recommend!    USEFUL RESOURCES: Best Place to Open a Roth IRA: https://m1finance.8bxp97.net/5vzD1 My Favorite Free Net Worth and Budget Tool: https://fxo.co/905L Best High Yield Savings Account: https://bit.ly/3HpPjAr  Get a $10 Free Bonus with Acorns: https://bit.ly/3lV0LLE Best Bank and Debit Card for Kids: https://bit.ly/3pJeI09  Get $5 Free Bitcoin at Coinbase: https://bit.ly/3oIQOml Best Credit Building Tool: https://bit.ly/3rmBuwZ  Best Personal Finance Books: https://kit.co/MasterMoney/best-personal-finance-books    ============     DISCLAIMER: I am not a financial adviser. This Podcast is for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am sharing my opinion.    AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.   ============     Check us out on social fam!    Twitter   www.thepersonalfinancepodcast.com   www.mastermoney.co Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

With a large raise on the horizon, and a huge pension at retirement, I'm not quite sure how much and where we should be investing. Have a money question? Email us, ask jill [at] jill on money dot comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The time may be right for a giant Roth IRA conversion, especially now while the market is down, to potentially give you more money to spend in retirement. How does that work with long-term capital gains and dividends, and how much should you convert to Roth, and when, and how? Plus, deciding how to invest 529 plan college savings, whether to save to pre-tax or post-tax retirement accounts, and the ever-popular Backdoor Roth strategy. Show notes, free financial resources, Ask Joe & Big Al On Air: https://bizlink.to/ymyw-388

In this episode learn why Chloe is obsessed with Roth IRA's, what they are, how they work, and why it is an important part of investing.Investing Bundle (Investing 101 and Investing 201):  https://www.deeperthanmoney.com/investing-masterclasses Free Roth IRA Training: https://www.deeperthanmoney.com/opt-in-443ec994-b6ca-4a28-a1c4-2c3555f37650 

Nic explains the rules to Custodial Minor Roth IRAs and the benefits that they can have for minors. If your child is under 18 and has earned income, this can be the perfect way to teach them about tax-free growth and the importance of saving money for retirement!   Nic Daniels BFA™, Financial Advisor https://www.therealmoneypros.com https://www.treecityadvisors.com

Long gone are the days of company pensions, so what does our retirement income look like now? Coach Pete D'Arruda is in the studio, analyzing the benefits of the Roth IRA. If you have questions about taxes in retirement, or if you want a second opinion on your retirement plan, contact Coach Pete and the team at Capital Financial at (800) 661-7383. See omnystudio.com/listener for privacy information.

The economy has upended the best laid retirement plans of many Americans. So what do you do right now if you are in this situation? Clark discusses a reasonable compromise to help maintain financial security. Also - Every grocery dollar is basically buying 10% less these days - UNLESS you shop differently. Clark shares his base strategies, plus - looks at a cash back app that can help you save.  Delaying Retirement: Segment 1 Ask Clark: Segment 2 SAVE on Groceries: Segment 3 Ask Clark: Segment 4 Mentioned on the show: What Is a 403(b) and How Does It Work? What Are Index Funds? 5 Things To Know About Series I Savings Bonds Major Tax-Reporting Change for Users of Venmo, PayPal and Others 8 Things To Know Before Your First Trip to Aldi Ibotta Review: 4 Things To Know Before Earning Cash Back SuperCook - Zero Waste Recipe Generator Ask Clark: Should I Convert a Traditional IRA to a Roth IRA? Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices