Podcasts about Roth IRA

  • 1,556PODCASTS
  • 5,344EPISODES
  • 33mAVG DURATION
  • 3DAILY NEW EPISODES
  • Nov 30, 2023LATEST
Roth IRA

POPULARITY

20162017201820192020202120222023

Categories



Best podcasts about Roth IRA

Show all podcasts related to roth ira

Latest podcast episodes about Roth IRA

Coin Stories
Ella Hough: Gen Z Will Build and Preserve Wealth in Bitcoin

Coin Stories

Play Episode Listen Later Nov 30, 2023 35:33


Ella believes the 21,000,000 bitcoin are humanity's, and Gen Z's, tools for the 21st century. Pursuing a degree in Cognitive Science at Cornell University, she studies the dynamics of Bitcoin's diffusion through society. Outside of school, Ella is the Project Lead at Generation Bitcoin, co-founder of the Bitcoin Students Network, and author of the Bitcoin “quick start” blog, Sats Chats. Previously, Ellaworked at IBM, where she managed STEM learning experiences for 75k+ students.  -- Links: Ella's Linktree: https://linktr.ee/ellahough (this includes links to my website, socials, writings) Ella's Twitter: @21MMforthe21st https://twitter.com/21MMforthe21st Generation Bitcoin Website: https://www.genbitcoin.org/ Generation Bitcoin Twitter: @GenBitcoiners https://twitter.com/GenBitcoiners Bitcoin Students Network Website: https://www.bitcoinstudentsnetwork.org/ Bitcoin Students Network Twitter: @BTCStudents https://twitter.com/BTCStudents -- Promotional Links: Bitcoin Nashville is July 25-27, 2024: Get 10% off your passes using the code HODL at  https://b.tc/conference CrowdHealth offers the Bitcoin community alternative to health insurance. I now spend just ~$100 a month on my health care. Sign up: https://www.joincrowdhealth.com/natalie  Coinkite is your go-to tech company for top-notch Bitcoin custody solutions, including the cold card wallet. Get 5% off using my link: https://store.coinkite.com/promo/COINSTORIES Buy vaulted gold, silver, and platinum in seconds with OneGold: https://onegold.me/3s6cGg4. Use code COINSTORIESAU for gold and COINSTORIESAG for silver. Fold is the best Bitcoin rewards debit card and shopping app in the world. Get 10,000 satoshis when you sign up and spend $20 on the card:  https://www.foldapp.com/natalie The Orange Pill App is building the social layer for Bitcoin:https://signup.theorangepillapp.com/opa/natbrunell Invest in Bitcoin for your retirement at iTrust Capital with a Roth IRA or Crypto IRA: itrust.capital/nataliebrunell.  If you're looking for the highest-quality sustainable pork, steak and seafood products, look no further than Campo Grande. For $20 off use code HODL: https://eatcampogrande.com/HODL This podcast is for educational purposes and should not be construed as official investment advice. -- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories   #money #Bitcoin #investing

CBS Eye on Money
Cash or Loan for New Car?

CBS Eye on Money

Play Episode Listen Later Nov 30, 2023 13:39


I'm thinking about buying a car, and my dad has suggested that even if I can pay cash for the car, getting a loan would help build my credit score. Is he right?Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Be Wealthy & Smart
Stock Market Breakout Ahead?

Be Wealthy & Smart

Play Episode Listen Later Nov 29, 2023 7:04


Discover why a there may be a stock market breakout ahead. As adults, we also can carry worries around that are similarly not logical, but we believe them. We get strange ideas and beliefs about money, some come from stories and beliefs our parents had. "Money doesn't grow on trees ya know" or "Do I look like I'm made of money?" Yet there's nowhere simple to turn to find the right way to think about money. You can try to figure it out on your own by reading magazines and books, but who has time to sort through all of the boring content to get to what you need? That's why it is more important than ever that you have a place to ask questions and be given a simple recipe to follow, where you can just plug in all of the ingredients for success. Gone are the days of being kept in the dark, not understanding how to grow your money or where advisors were making mistakes. Now it is easier than ever to take control of your money, gain confidence and have a real understanding of what to do and how to do it. Because the difference between earning 10% a year in your investments or 0.5% in a savings account, is the difference between having a winter home and a summer home or being a burden on your kids (no one wants that, but sometimes it becomes necessary for people who never were able to compound their money well0. For example: "If you contribute $5,000 to a Roth IRA every year for forty years and earn 10 percent, you will end up with $2,660,555..." - You're Already a Wealth Heiress, p. 48. No, it is not guaranteed, but it is learnable. Remember, wealth is about knowledge. I want you to move forward into a more prosperous 2024. To loosely quote Einstein, the same thinking that got you here isn't going to get you to where you want to go. The thinking has to be different. Now is a good time to start making plans for what you need to do to get where you want to go. ⠀⠀⠀ That's why for a limited time, I am offering a 50% savings on the Be Wealthy & Smart VIP Experience. When you become part of my exclusive inner investing circle you will receive: A monthly webinar where I share forecasts about our stocks, crypto and other investments, performance, and provide time for live Q & A with me Specific ETF ticker symbols so you know exactly where to invest and in what percentages Cryptocurrency recommendations and instructions how to invest plus FAQ's "You're Already a Wealth Heiress" book Access to a video vault with short videos with my favorite investment opportunities No minimum investment $ amount required (you can use this for your 401(k), IRA, HSA or other investment accounts) No additional cost - pay once and done Lifetime access - webinars, videos, ticker symbols, recommendations, group, Q & A time, etc. 30-day money-back guarantee This is all valuable, but what is the most valuable is the peace of mind you get because my forecasts have been on point. What is your plan to achieve financial freedom and make positive progress in 2024? To get your plan for financial freedom, join the Be Wealthy & Smart VIP Experience. For the 50% savings, be sure to use code "SAVE50" at checkout. You can sign up here. WANT TO BUY STOCK PRE-IPO? #Ad Linqto has removed all the barriers so now everyday investors can invest. Sign up to receive a $500 credit toward your next investment from Linqto, click here:  https://www.linqto.com/signup?r=e9tdhbl49v   PLEASE REVIEW THE PODCAST ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus WANT MORE FROM LINDA? Check out her program: https://www.lindapjones.com/why-join-the-vip-experience/ Follow her on Twitter: https://twitter.com/LindaPJones WEALTH MENTORING LIBRARY OF PODCASTS Listen to the full Wealth Mentoring Library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics: https://www.lindapjones.com/podcasts/ Sign up for my weekly wealth newsletter at www.lindapjones.com Be Wealthy & Smart, is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor™. Learn simple steps that make a big difference to your financial freedom.  (Some links are affiliate links. There is no additional cost to you.)      

The Real Investment Show Podcast
If You Think You Made Too Much Money this Year... (11/28/23)

The Real Investment Show Podcast

Play Episode Listen Later Nov 28, 2023 46:04


(11/28/23) After a protracted Thanksgiving break, Danny and Jonathan preview markets and economic releases this week, along with Fed minutes & holiday spending trends: Thanksgiving wasn't cheap, and Christmas is going on credit cards. The rate of inflation may be lower, but prices are still going up. Holiday chaos, hippie cookies (sorry, Michelle), and what to do with extra cash? Will rates be lower next year? Defining the Yield Curve (and wy it matters); The Hierarchy of Savings; what's your number? Taxes are about to change (revert higher) in 2025; What's the difference between a Roth IRA & Roth 401k?  SEG-1: Market Review, Economic Preview, Christmas on Credit SEG-2: Holiday Chaos, Hippie Cookies, & Extra Cash SEG-3: Defining the Yield Curve; What's Your Number? SEG-4: Roth IRA vs Roth 401k: What's the Difference? Hosted by RIA Advisors' Senior Financial Advisors Danny Ratliff, CFP, & Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=mn5EV_97zQk&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s -------- The latest installment of our new feature, Before the Bell, "Markets Need a Breather" is here: https://www.youtube.com/watch?v=ZMOtmA1IJ8w&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Why the S&P is Up 17% and You're Not" https://www.youtube.com/watch?v=Xfns3GpZZ2Q&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=12s -------- Articles Mentioned in this Show: "S&P 500 Market Returns And Why Your Performance Is Worse" https://realinvestmentadvice.com/sp-500-market-returns-and-why-your-performance-is-worse/ "Complacency Seems Overly Complacent" https://realinvestmentadvice.com/complacency-seems-overly-complacent/ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- 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/ #InvestingAdvice #HolidaySpending #ChristmasCredit #Inflation #YieldCurve #RothIRA #Roth401k #Markets #Money #Investing

Your Money, Your Wealth
How to Cut Your Taxes Before Year-End - 457

Your Money, Your Wealth

Play Episode Listen Later Nov 28, 2023 49:41


Last-minute tax questions answered: should Brad in Wahoo, NE save to his regular 401(k) instead of his Roth 401(k) so he can claim the American Opportunity Tax Credit? Should Jennifer and Zeke in NY set up a Roth IRA and file taxes for their 13-year-old that's got some earned income? Does Cindy in San Diego have to report her Medicare Advantage over-the-counter medication benefit on her taxes? And should our buddy Carl Spackler wait until the new year to deposit his rollover check? Plus, Em in FL needs ideas for moving her Mom from a low-cost-of-living area to a high-cost-of-living area, Wannabe Landlord wonders about creating an LLC for his real estate, and can CJ in FL and IN report pro-rated real estate expenses on schedule E? Finally, the 5-year rule on Roth withdrawals once again, this time for Brutus Buckeye, and Bruce from Joisey is back, this time he wants to pay cash for a car.  Timestamps: 01:08 - American Opportunity Tax Credit and Other Tax Strategies (Brad, Wahoo, NE) 05:07 - Tax Filing for 13-Year-Old With Earned Income (Jennifer & Zeke, NY state) 09:47 - HSA: The Last Month Rule for Health Savings Accounts (JZ, New York) 13:01 - Income Tax and Sales Tax Explained (Cindy, San Diego - North County) 16:23 - Deposit Rollover Check After New Year to Avoid the Pro-Rata Rule? (Carl Spackler, FL) 21:12 - Strategies for Mom to Move from LCOL to HCOL Area (Em, FL) 26:28 - LLC For Real Estate Investment Properties? (Wannabe Landlord) 28:28 - How to Report Pro-Rated Real Estate Expenses on Taxes (CJ, Florida & Indiana) 32:22 - 5-Year Roth IRA Withdrawal Rule - Sigh (Brutus Buckeye, Columbus, OH) 37:41 - Should I Pay Cash for a Car? (Bruce, Joisey) 43:15 - The Derails Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-457  Reduce Your 2023 Taxes With These End-of-Year Tax Planning Strategies (free on-demand webinar) End-of-Year Tax Strategies Guide DIY Retirement Guide (LIMITED TIME OFFER! Download by Friday, Dec. 1, 2023!) Episode Transcript Ask Joe & Big Al On Air for your Retirement Spitball Analysis

365 Driven
Maximize Year-End Tax Savings with Tyler McBroom - EP 331

365 Driven

Play Episode Listen Later Nov 28, 2023 56:52


The countdown to year-end has begun! Tyler McBroom is back on the 365 Driven Podcast to discuss some killer tax strategies to maximize your year-end tax savings. Are you leaving money on the table? Tyler McBroom is a CPA and tax strategist, and he explains the significance of precise bookkeeping and dives into the critical distinction between a tax preparer and a tax strategist - it's all about proactive advice and maximized savings. Tyler lends his expertise, sharing a plethora of tax-saving maneuvers that can be implemented before the year ends. From the benefits of prepaying for services, setting up retirement plans, to the little-known Augusta rule, this episode is full of tax wisdom, but Tyler breaks it down in an easy-to-understand way. Tyler unravels the complex world of taxes by explaining deductions for business vehicles and real estate professionals. Tyler warns against the common pitfall of purchasing a vehicle solely for the tax deduction, stressing the importance of factoring in certain aspects. Real estate professionals, on the other hand, can harness the power of accelerated depreciation on qualified improvements for substantial savings.  Switching gears, Tyler dives into tax planning benefits for individuals and families. Did you know that even children and pets could be part of your tax-saving strategy? Tyler explores these unconventional (and completely legal) ideas along with more traditional ones like the standard deductions. Lastly, he delves into tax-free and investing strategies for small business owners. With an explanation on defined benefit plans, cash balance plans, profit sharing plans, and setting up a Roth IRA, this episode promises to offer a wealth of knowledge. So, don't miss the chance to keep more money before 2023 is over! Key highlights: Tax Planning Strategies for Business Owners Understanding Tax Deductions for Vehicle Purchases Real Estate and Business Tax Strategies Tax Planning and Deductions for Children Tax-Free Accounts and Investing Strategies Connect with Tyler McBroom: Get a FREE copy of Tyler's book: Cash Flow and Grow Instagram: @tylermcbroom Connect with Tony Whatley: Instagram: @365driven Facebook: 365 Driven LinkedIn: Tony Whatley

Lance Roberts' Real Investment Hour
If You Think You Made Too Much Money this Year... (11/28/23)

Lance Roberts' Real Investment Hour

Play Episode Listen Later Nov 28, 2023 46:03


(11/28/23) After a protracted Thanksgiving break, Danny and Jonathan preview markets and economic releases this week, along with Fed minutes & holiday spending trends: Thanksgiving wasn't cheap, and Christmas is going on credit cards. The rate of inflation may be lower, but prices are still going up. Holiday chaos, hippie cookies (sorry, Michelle), and what to do with extra cash? Will rates be lower next year? Defining the Yield Curve (and wy it matters); The Hierarchy of Savings; what's your number? Taxes are about to change (revert higher) in 2025; What's the difference between a Roth IRA & Roth 401k? SEG-1: Market Review, Economic Preview, Christmas on Credit SEG-2: Holiday Chaos, Hippie Cookies, & Extra Cash SEG-3: Defining the Yield Curve; What's Your Number? SEG-4: Roth IRA vs Roth 401k: What's the Difference? Hosted by RIA Advisors' Senior Financial Advisors Danny Ratliff, CFP, & Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=mn5EV_97zQk&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=3s -------- The latest installment of our new feature, Before the Bell, "Markets Need a Breather" is here: https://www.youtube.com/watch?v=ZMOtmA1IJ8w&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Why the S&P is Up 17% and You're Not" https://www.youtube.com/watch?v=Xfns3GpZZ2Q&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=12s -------- Articles Mentioned in this Show: "S&P 500 Market Returns And Why Your Performance Is Worse" https://realinvestmentadvice.com/sp-500-market-returns-and-why-your-performance-is-worse/ "Complacency Seems Overly Complacent" https://realinvestmentadvice.com/complacency-seems-overly-complacent/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- 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/ #InvestingAdvice #HolidaySpending #ChristmasCredit #Inflation #YieldCurve #RothIRA #Roth401k #Markets #Money #Investing

CBS Eye on Money
Life Insurance for Son

CBS Eye on Money

Play Episode Listen Later Nov 28, 2023 18:15


Is there any reason why we should keep a whole life insurance policy for my son? Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Finding True Wealth Podcast with Nick Hopwood, CFP
EP 204: Maximum Benefits and Contribution Limits for 2024

Finding True Wealth Podcast with Nick Hopwood, CFP

Play Episode Listen Later Nov 27, 2023 7:40


In this episode of the Trust the Plan Podcast, Nick Hopwood, CFP® and Jim Pilat, CFP® share updates regarding maximum benefits and contribution limits for 2024. The IRS announced adjustments for various retirement plans, including 401(k), IRA, and Roth IRA accounts. These updates mean that you now have even more opportunities to maximize your contributions towards your retirement accounts, ensuring a brighter financial future. Plan ahead for 2024 - This is an episode you won't want to miss!  Listen to our podcast or watch our video below to learn more. For those joining us on YouTube, subscribe to our channel to be notified when a new video is launched.  — Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind. Stay Connected With Us: Podbean: findingtruewealth.podbean.com YouTube: / @peakwealthmgmt Apple: rb.gy/1jqp6 (Trust the Plan Podcast) Facebook: Facebook.com/PeakWealthManagement Twitter: Twitter.com/nhopwood1 www.peakwm.com

More Than Money
Episode 216 | Can My Toddler Save For Retirement With A Roth IRA?

More Than Money

Play Episode Listen Later Nov 27, 2023 30:51


Can my baby really start saving for retirement with a Roth IRA? We have two Roth IRA questions in this episode. One is about a Custodial IRA, and the other is about using a Roth IRA for college expenses. Plus, we introduce the “A Generous December' calendar!Resources:Money in the Light of EternityFree Resources from Christian Money SolutionsAsk a Money Question!

Be Wealthy & Smart
Why Home Prices Are the Highest in Any October

Be Wealthy & Smart

Play Episode Listen Later Nov 27, 2023 6:38


Discover why home prices are the highest in any October. As adults, we also can carry worries around that are similarly not logical, but we believe them. We get strange ideas and beliefs about money, some come from stories and beliefs our parents had. "Money doesn't grow on trees ya know" or "Do I look like I'm made of money?" Yet there's nowhere simple to turn to find the right way to think about money. You can try to figure it out on your own by reading magazines and books, but who has time to sort through all of the boring content to get to what you need? That's why it is more important than ever that you have a place to ask questions and be given a simple recipe to follow, where you can just plug in all of the ingredients for success. Gone are the days of being kept in the dark, not understanding how to grow your money or where advisors were making mistakes. Now it is easier than ever to take control of your money, gain confidence and have a real understanding of what to do and how to do it. Because the difference between earning 10% a year in your investments or 0.5% in a savings account, is the difference between having a winter home and a summer home or being a burden on your kids (no one wants that, but sometimes it becomes necessary for people who never were able to compound their money well0. For example: "If you contribute $5,000 to a Roth IRA every year for forty years and earn 10 percent, you will end up with $2,660,555..." - You're Already a Wealth Heiress, p. 48. No, it is not guaranteed, but it is learnable. Remember, wealth is about knowledge. I want you to move forward into a more prosperous 2024. To loosely quote Einstein, the same thinking that got you here isn't going to get you to where you want to go. The thinking has to be different. Now is a good time to start making plans for what you need to do to get where you want to go. ⠀⠀⠀ That's why for a limited time, I am offering a 50% savings on the Be Wealthy & Smart VIP Experience. When you become part of my exclusive inner investing circle you will receive: A monthly webinar where I share forecasts about our stocks, crypto and other investments, performance, and provide time for live Q & A with me Specific ETF ticker symbols so you know exactly where to invest and in what percentages Cryptocurrency recommendations and instructions how to invest plus FAQ's "You're Already a Wealth Heiress" book Access to a video vault with short videos with my favorite investment opportunities No minimum investment $ amount required (you can use this for your 401(k), IRA, HSA or other investment accounts) No additional cost - pay once and done Lifetime access - webinars, videos, ticker symbols, recommendations, group, Q & A time, etc. 30-day money-back guarantee This is all valuable, but what is the most valuable is the peace of mind you get because my forecasts have been on point. During the year, some of the comments from members were: I allocated my finances based on your asset allocation model, identified the 5 areas where I want to spend and have been noticing the amazing growth in my investments. Super exciting to see my investments grow with a higher compounding rate. THANK YOU!!! You are a God-send! I started researching you and listening to your podcasts. I listened long enough that I trusted you, but it was still a BIG leap of faith to jump into the VIP experience. It is one of the best decisions I have ever made. I am forever grateful I met you. You helped me take the next HUGE step in my finance/investing journey. Even though times are so very uncertain, I know the future ahead will be prosperous. As you can see, they are thrilled to be a part of this exclusive group, are learning a lot and making headway toward their goal of financial freedom. What is your plan to achieve financial freedom and make positive progress in 2024? To get your plan for financial freedom, join the Be Wealthy & Smart VIP Experience. For the 50% savings, be sure to use code "SAVE50" at checkout. You can sign up here.   PLEASE REVIEW THE PODCAST ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus PLEASE LEAVE A BOOK REVIEW FOR THE WEALTH HEIRESS BOOK Get my book, “You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) WANT MORE FROM LINDA? Check out her program: https://www.lindapjones.com/why-join-the-vip-experience/ Follow her on Twitter: https://twitter.com/LindaPJones WEALTH MENTORING LIBRARY OF PODCASTS Listen to the full Wealth Mentoring Library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics: https://www.lindapjones.com/podcasts/ Sign up for my weekly wealth newsletter at www.lindapjones.com Be Wealthy & Smart, is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor™. Learn simple steps that make a big difference to your financial freedom.  (Some links are affiliate links. There is no additional cost to you.)    

Jill on Money with Jill Schlesinger
Roth 403(b) Contribution Dilemma

Jill on Money with Jill Schlesinger

Play Episode Listen Later Nov 24, 2023 15:25


How can I get my original contributions out of my 403(b) and into my personal Roth IRA while still working at a non-profit? Have a money question? Email us here Subscribe to Jill on Money LIVE YouTube: @jillonmoney Instagram: @jillonmoney Twitter: @jillonmoney "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

CBS Eye on Money
Happy Thanksgiving!

CBS Eye on Money

Play Episode Listen Later Nov 23, 2023 3:51


Gobble, gobble! Happy Thanksgiving from Jill and Mark. Talk to you next week! Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Planned Solutions
October Inflation Report Social Security COLA 3.2% For 2024 401k Contributions Help FAFSA

Planned Solutions

Play Episode Listen Later Nov 23, 2023 27:10


In this episode of the Planned Solutions Incorporated Podcast, The official inflation rate ticked down to 3.2%, the same level as the July report, and the lowest inflation rate in several years. All the major categories, including food, energy, and shelter declined over the past twelve months creating hope that inflation will now continue its downward trend that started over a year ago. This is also positive news for the Federal Reserve which now may be able to hold interest rates steady next meeting. Also, The Social Security Administration announced good news for people collecting benefits and bad news for some people still paying into the system. The good news is that the Social Security benefit will increase by 3.2% in 2024. The bad news is that the wage limit which is subject to Social Security taxes on earned income will increase by 5.24% in 2024. Plus, In the past, the Free Application for Federal Student Aid (FAFSA) used a parent or guardian's gross wage income to determine a student's eligibility for federal financial aid. Now, the FAFSA will use taxable income, which is the income after any tax-deferred retirement contributions are subtracted from the gross income. This will provide some flexibility in planning for retirement and education funding going forward. Plus a look at the Planned Solutions Incorporated Office Bulletin Board - the annual contribution limit for employees who participate in 401k, 403b, and 457 type plans will increase to $23,000 in 2024, which is a $500 increase from 2023. In addition, the catch-up provision that employees aged 50 and over can contribute will be an additional $7,500 (no change from the prior year), bringing the total employee deferrals to $30,500 for 2024. The limit on annual contributions to an IRA or ROTH IRA will increase to $7,000 in 2024, up from $6,500 in 2023. The catch-up contribution for those aged 50 and older remains the same at $1,000, bringing the total to $8,000. Limits on other small business retirement plans have also increased along with the income phase-outs for ROTH IRA eligibility. With the larger increases coming in 2024, especially with the ROTH IRA eligibility, taxpayers may want to review their overall finances to determine if they need to make any adjustments, including increasing their salary deferrals or incorporating direct ROTH contributions, if they are eligible based on the higher income thresholds. Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Planned Solutions, Inc.

Quiet Wealth
Investing Wisdom: Navigating the World of Self-Directed IRAs with Maggie Polisano | Episode 97

Quiet Wealth

Play Episode Listen Later Nov 23, 2023 34:02


Unlock the potential of self-directed Individual Retirement Accounts (IRAs) for real estate investments in the latest episode of the Quiet Wealth podcast. Join host Camilla Jeffs as she sits down with Maggie Polisano, the founder of CamaPlan, to unveil the benefits, tax advantages, and process of investing through self-directed retirement accounts.In this episode, Camilla and Maggie explore the world of self-directed IRAs, discussing the tax advantages that come with these accounts and offering valuable insights into the investment process. They highlight the significant role of financial education and emphasize the importance of diversifying investments for long-term wealth creation.What makes this episode truly fascinating is Maggie's personal journey of launching CamaPlan, a company that facilitates real estate investments through retirement plans. Her experiences and expertise provide listeners with a unique perspective on navigating the realm of self-directed IRAs.Don't miss out on this episode filled with investing wisdom. Learn how to leverage self-directed IRAs for real estate investments and secure your financial future. Tune in to the Quiet Wealth podcast with Camilla Jeffs and Maggie Polisano now!In this episode, we talk about:[01:56] Maggie's experience of launching her business, CamaPlan, with her brother and how they navigated working together as a family.[09:52] The benefits of using self-directed retirement accounts for investing and how it can be a powerful tool for estate planning and raising capital.[11:09] Tax advantages of investing in real estate within retirement accounts and the importance of utilizing self-directed accounts[12:00] Eligibility and benefits of opening a Roth IRA for children, including tax-free earnings and passing on a legacy[14:49] The need to continually learn and adapt in investing, as rules change and new opportunities arise, particularly in utilizing retirement accounts for real estate investments[20:28] Using self-directed accounts for real estate investments and the benefits it offers[21:10] Teaching kids about money, consumerism, and the importance of understanding the value of purchases[29:53] The benefits of using self-directed retirement accounts for real estate investments and the streamlined process of investing in real estate through retirement plansConnect with Maggie PolisanoCamaPlan - https://www.camaplan.com/about-us/===Shout out to my podcast manager, Abby! If you're ready to take your podcast to the next level, contact her today productions@abbyguaki.com and start the conversation. She's not just your podcast manager; she's your partner in success!Get ready to hit record, and let Abby take care of the rest.===Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! https://steadystreaminvestments.com/masterclass/ Follow us at https://www.facebook.com/steadystreaminvestments https://www.instagram.com/quietwealthcommunity/ https://www.tiktok.com/@quietwealth https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ https://www.linkedin.com/company/steady-stream-investments

Behind The Wealth with Roger Abel
Answering The Internet's Most Searched Questions

Behind The Wealth with Roger Abel

Play Episode Listen Later Nov 22, 2023 35:28


On this week's episode, Roger and Elias answer the internet's most searched personal finance questions.  Follow Us on Facebook.com/BTWealthShow  Subscribe to the Podcast https://linktr.ee/BehindTheWealth Hosted By: Roger Abel Guest Host: Elias Randel Produced By: Molly Nordlocken Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC.  The opinions voiced in this show are for general information purposes only and are not intended to provide specific advice or recommendations for  any individual. To determine which investments may be appropriate for  you, consult with your attorney, accountant, and financial or tax advisor prior to investing.   All performance referenced is historical and is not a guarantee of future results. All indices are unmanaged and cannot be invested into directly.  Premier Investments of Iowa, Inc. and LPL Financial do not provide tax advice, please consult your tax professional.  Dollar cost averaging involves continuous investment in securities  regardless of fluctuation in price levels of such securities.  An investor should consider their ability to continue purchasing through fluctuating price levels. Such a plan does not assure profit and does not  protect against loss.  Economic forecasts set forth may not develop as predicted and there  can be no guarantee that strategies promoted will be successful.  There is no assurance that the techniques and strategies discussed are  suitable for all investors or will yield positive outcomes.  The purchase of certain securities may be required to effect some of the strategies. Investing involves risks including possible loss of principal. Consult your tax professional about eligibility to Roth and Traditional IRA  contributions. Contributions and earnings in a Roth IRA can be withdrawn  without paying taxes and penalties if the account owner is at least 59 ½  and has held their Roth IRA for at least five years. Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of the conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult your tax advisor before investing.  Data Sources:  Google Trends Experian Personal Capital Agricultural Marketing Service

Retire With Ryan
7 Backdoor Roth IRA Mistakes to Avoid, #176

Retire With Ryan

Play Episode Listen Later Nov 22, 2023 13:49


Want to make a Roth IRA contribution, but you earn over the adjusted gross income limit? Never fear, the backdoor Roth conversion is here! On this episode, I'm doing a deep dive into backdoor Roth conversions and the seven mistakes most people make when attempting this financial maneuver. You will want to hear this episode if you are interested in... What is a backdoor Roth IRA? [1:44] The Pro-Rata rule [3:49] Keeping IRA costs down [6:36] Completing the necessary paperwork [8:02] Why you need to invest [9:40] Reconciling your IRA providers [11:07] Making sure you have the correct retirement plan [11:34] Understanding the Backdoor Roth A backdoor Roth IRA conversion offers a workaround for contributing to a Roth IRA when your income surpasses the set limits. Typically, direct contributions to a Roth IRA have income thresholds. If you earn more than the specified modified adjusted gross income for your filing status, you're restricted from contributing directly. However, with the backdoor Roth, you can sidestep this limitation. The process involves making a non-deductible contribution to a traditional IRA and then converting that amount into a Roth IRA. This method allows contributions regardless of income, but it's crucial to follow specific procedures to avoid potentially costly errors. Mistakes in the process could lead to tax liabilities or complications, so careful attention to the conversion steps is essential to make the most of this strategy. Avoiding Pro-Rata One of the easiest mistakes when using a backdoor Roth conversion is forgetting the Pro-Rata rule. If you've got other IRAs—SEP, SIMPLE, or traditional—those sums factor into your conversion calculation. Imagine intending to move $6,500 from a traditional IRA to a Roth, thinking it's tax-free. But if that $6,500 is only a fraction of a larger total, say $100,000, only 6.5% of your conversion is tax-exempt. You end up paying tax twice! First for the non-deductible IRA contribution, then for the conversion. To avoid this, you want to clear out those IRAs before the year's end. The trick lies in removing any other IRA funds from your name before the backdoor Roth maneuver. You could shuffle the money into an employer's 401k if you have one or create a self-employed 401k if applicable. Surprisingly, even starting a small business could qualify you to set up a 401k plan, allowing you to move those funds out of your name easily. Just remember if you plan to contribute to this new plan, it should match your earnings from that business. But if your goal is to simply clear the path for a backdoor Roth IRA, this method can do the trick. Listen to this episode for more backdoor Roth conversion tips! Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact

AdMail
Investing in an S Corp, Rolling Over a Roth 401(k), and more | Client Q&A

AdMail

Play Episode Listen Later Nov 22, 2023 9:39


In this week's episode, IRA Financial's Adam Bergman Esq. answers questions about investing in an S Corp with a Roth IRA, rolling a Roth 401(k) into a Solo 401(k), and using a trust with an Health Savings Account.

Small Business Tax Savings Podcast | JETRO
Expert Tips on Year-End Tax Strategies for Small Business Owners

Small Business Tax Savings Podcast | JETRO

Play Episode Listen Later Nov 22, 2023 19:34


Before you know it, 12/31/23 will be gone, and we will be in 2024. In this episode, Mike focuses on year-end tax strategies for businesses. He emphasizes the importance of timely action for implementing various tax-saving measures before the end of the year. Key topics include prepaying expenses, managing income and deductions, using business credit cards for immediate deductions, and considering Roth conversions in low-income years. Mike also discusses strategies for supporting family members in lower tax brackets and making charitable contributions before year-end. Leverage existing tax laws and opportunities to optimize financial outcomes by tuning in![02:11] Prepaying ExpensesIRS regulations contain a safe-harbor rule that allows cash-basis taxpayers to prepay and deduct qualifying expenses up to 12 months in advance without challenge, adjustment, or change by the IRS[03:52] Stop Billing your Customers, Clients, and PatientsCustomers, clients, patients, and insurance companies oftentimes don't pay until billedNot billing customers and patients is a time-tested tax-planning strategy that business owners have used successfully for years[05:30] Buying Office EquipmentBonus depreciation in 2023 is at 80%, but that will be reduced each year[07:40] Use Your Business Credit CardYou get a deduction when that item gets put on that credit cardThe day you charge a purchase to your business or personal credit card is the day you deduct the expense[08:22] Don't Assume You Are Taking Too Many DeductionsIf your business deductions exceed your business income, you have a tax loss for the yearIf you are starting your business, you could very possibly have an NOL[10:11] Convert to a Roth IRAConsider converting your 401(k) or traditional IRA to a Roth IRA, especially if you are in a down income year.[13:34] Charitable ContributionsTo get an advantage for charitable contributions, you need to be taking itemized deductionsThe Time Is NOW To Start Paying Less In Taxes. Join Our Tax Minimization Program (with Stress-Free Bookkeeping Training)! Join Our Tax Minimization Program Today!Key Quotes:"If you're running at a loss, you can carry forward those losses to offset future income." - Mike Jesowshek, CPA"If you know you're going to pay something, rent's a great example, insurance a great example, you're going to need accurate bookkeeping no matter what." - Mike Jesowshek, CPA"Do not buy things you don't need just to get a tax deduction. That is a lose-lose-lose situation." - Mike Jesowshek, CPA______Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastJoin TaxElm: https://taxelm.com/IncSight Packages (Full-Service): https://incsight.net/pricing/Book an Initial Consultation (IncSight): https://app.simplymeet.me/o/incsight/sale-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook Group: https://www.facebook.com/groups/taxsavings/--------To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. 

CBS Eye on Money
Financially Unequal Partnership

CBS Eye on Money

Play Episode Listen Later Nov 21, 2023 25:11


I am in a five year unmarried relationship and my partner makes quite a bit more money than I do, so I want to make sure I am making financial choices that are in my own best interest.Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

UBC News World
Up-To-Date Roth IRA Advice In Hoffman Estates: Top Financial Advisory Service

UBC News World

Play Episode Listen Later Nov 21, 2023 2:36


If you're struggling to make sense of retirement planning in Hoffman Estates, the team of senior advisors at Goldstone Financial Group (630-620-9300) offers up-to-date guidance designed to securwe your financial future. Go to https://goldstonefinancialgroup.com/ for more information. Goldstone Financial Group City: Oakbrook Terrace Address: 18W140 Butterfield Road Website https://goldstonefinancialgroup.com/ Phone +1-630-620-9300 Email contactus@goldstonefinancialgroup.com

Jay Tyner Show
Interview with Bestselling Author Emily Guy Birken (The Five Years Before You Retire)

Jay Tyner Show

Play Episode Listen Later Nov 20, 2023 67:13


Renowned author Emily Guy Birken, known for bestsellers like The Five Years Before You Retire and Stacked, engages in a captivating conversation with Semmax Way host Matt Landon. They delve into a spectrum of finance-related subjects, covering the nuances of the progressive tax code, challenges encountered by the middle class, and the crucial role of tax-efficient financial planning. This dynamic exchange is enriched by compelling insights and even humorous anecdotes from their personal experiences, creating an engaging and informative dialogue that goes beyond conventional finance discussions.  Visit Emily Guy Birken's official website at www.emilyguybirken.com. Still have questions? Contact us using the link to set up a 15-minute call with one of Semmax's fiduciary advisors: https://semmax.com/contact-us.

Millennial Money
Dave Ramsey's Terrible Retirement Advice with Paula Pant and Joe Saul-Sehy

Millennial Money

Play Episode Listen Later Nov 20, 2023 46:56


In this episode, we're talking about Dave Ramsey's terrible retirement advice. Let me put myself in your shoes. No matter how old you are, you're probably saving for retirement. You're trying to figure out how much you need to save and what retirement accounts are best - do you go 401K or Roth IRA, etc? And the biggest question is, how much money can you take out each year for retirement? And, you're hoping, fingers crossed, you're saving enough. Then, the biggest voice in money, Dave Ramsey, comes along and says it's simple, if you earn 12% each year in your investments, you can safely take out 8% for retirement each year and leave 4% in your account for inflation. Simple, according to his “math.” But it's not that simple, and it's mathematically wrong advice - damaging advice if you ask me. Why? Because of pure facts, the stock market's average 30-year return is 9.9% and just 7.3% adjusted for inflation - far less than the 12% return he spouts. His latest rant in response to a caller who wanted to know how much he could take out for retirement each year is the reason for this episode. I called in my two money expert friends, Paula Pant from Afford Anything and Joe Saul-Sehy from Stacking Benjamins, to talk through why this advice is wrong, what moral obligation money experts have to their listeners to get things right, and what you need to know to figure out how much money you should be saving and what a good retirement withdrawal rate really is. Links Afford Anything https://affordanything.com/ Stacking Benjamins https://www.stackingbenjamins.com/ Average Stock Market Return article Supernerds United Against Dave Ramsey's 8% Safe Withdraw Rate Guidance article SPONSORS Thanks to Monarch for sponsoring the show. ​​After trying out Monarch for myself, I understand why it's the top-rated personal finance app. And now through Cyber Monday listeners of this show will get an extended thirty-day free trial and 50% off your first year on the annual plan if you're switching from Mint when you go to www.monarchmoney.com/ETM.  Thanks to Uncommon Goods for sponsoring the show. Get 15% off your next gift by going to www.uncommongoods.com/ETM.  Thanks to EarnIn for sponsoring the show. Just download the EarnIn app in Google Play of the Apple App store and use code Talkin Money under Podcast. Thanks to Noom for sponsoring the show. Start taking control of your weight management and join the millions who have lost weight with Noom. Sign up for your TRIAL today at www.noom.com.   Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. How To Connect with Shannah: Download 10 Money Questions to Ask Yourself Free Money Guide https://etmpod.link/10moneyq  Ask Shannah a question on Instagram https://www.instagram.com/shannahgame/  Submit a money question for Shannah to answer in an upcoming episode https://tinyurl.com/askshannahq  Leave a 5-star Review here https://ratethispodcast.com/etm Learn more about your ad choices. Visit megaphone.fm/adchoices

New Focus on Wealth with Chad Burton
Market Updates & Strategies For Funding Charities During The Month Of Giving

New Focus on Wealth with Chad Burton

Play Episode Listen Later Nov 17, 2023 55:01


In this episode of the podcast "New Focus on Wealth," host Chad Burton, a certified financial planner, discusses various topics related to personal finance, wealth management, and the economy. The episode begins with a disclaimer that the views and opinions expressed are not necessarily those of the radio station or its sponsors, and should not be taken as legal, tax, or investment advice. Listeners are encouraged to consult with an appropriate advisor before making any financial decisions. Chad Burton starts by introducing himself as a certified financial planner and invites listeners to send in their money-related questions. He mentions that the episode will cover the current state of the market, IRA to Roth conversions, and strategies for funding charities during the month of giving. The discussion on the market begins with an overview of the S&P 500 and its tech-heavy composition. Chad explains that the market has experienced a rally in recent weeks due to the Federal Reserve signaling a pause in interest rate hikes. He emphasizes the importance of not trying to time the market and highlights the need for a long-term perspective when investing. The conversation then shifts to IRA to Roth conversions, which are particularly relevant for retirees. Chad explains that November is an ideal time for year-end planning, as individuals have a good idea of their tax situation for the year. He emphasizes the benefits of Roth conversions in retirement planning, such as maximizing tax savings and creating a tax-free growth account. However, he cautions that careful analysis and consultation with a financial planner and tax advisor are necessary to navigate potential pitfalls, such as the impact on premium tax credits and Medicare premiums. Lastly, Chad discusses strategies for funding charities during the month of giving. He encourages listeners to consider their tax brackets and the potential benefits of donating appreciated assets, such as stocks or real estate, to minimize taxes and maximize charitable impact. Overall, this episode provides valuable insights into the current market conditions, retirement planning strategies, and charitable giving considerations. Chad Burton's expertise as a certified financial planner shines through as he offers practical advice and encourages listeners to take a long-term perspective in their financial decisions. Timestamps: [00:01:19] Retirement readiness and planning. [00:04:14] The impact of rising interest rates. [00:09:36] The broad market performance. [00:12:28] Bond market rally and rates. [00:16:37] Real estate investment trusts. [00:20:05] REITs and Small Caps Performance. [00:23:16] IRA to Roth conversions [00:35:00] Roth IRA conversions and taxes. [00:38:09] Capital gains tax brackets. [00:44:06] Moving money from an IRA to a Roth. [00:45:52] Charitable giving strategies. [00:49:48] Donor advised funds. [00:52:26] Qualified charitable distribution. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

Powerful Business Podcast
How To Make Your Kids Rich with Candy Valentino

Powerful Business Podcast

Play Episode Listen Later Nov 16, 2023 20:07


Welcome to The Candy Valentino Show! In this episode, 'How To Make Your Kids Rich,' I explore the unconventional yet essential ways to set your kids up for financial success. It's more than giving them more; it's about teaching them the value of less. Tune in for actionable advice and strategies that go beyond the basics.00:00: Introduction to the episode00:33: Why giving kids less can be more03:05: The importance of a custodial Roth IRA for kids06:48: Building financial intelligence in children07:38: The 50-25-25 rule for financial responsibility15:25: The value of allowing kids to struggle18:09: Teaching kids to overcome obstacles19:07: Strategies for setting up family wealthConnect With Me:Facebook: https://www.facebook.com/candyvalentinoofficial/Instagram: https://www.instagram.com/candyvalentino/LinkedIn:  https://www.linkedin.com/in/candyvalentino/Twitter: https://twitter.com/candydvalentinoTikTok: https://www.tiktok.com/@candyvalentinoYouTube: https://www.youtube.com/channel/UCigB0JiMAnkyrN5auGcsVVASubscribe To The Podcast Here:Apple: https://podcasts.apple.com/us/podcast/generation-wealth/id1497337778Spotify: https://open.spotify.com/show/0BX6WSAqBCUkhnRNxqaPAH?si=dHR7kSlnTtyIkVcionQ2fQ&nd=1YouTube:https://www.youtube.com/channel/UCigB0JiMAnkyrN5auGcsVVAOrder My #1 Bestselling Book “WEALTH HABITS” Here: https://wealthhabitsbook.com/

CBS Eye on Money
Rollover and Investing Help

CBS Eye on Money

Play Episode Listen Later Nov 16, 2023 21:44


I recently started a new position and I'm trying to figure out what to do with my old 401(a), Roth 403(b) and defined benefit accounts.Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Adam Bergman Talks
Episode 414 - Starting A Business - The Secret Silicon Valley Way

Adam Bergman Talks

Play Episode Listen Later Nov 16, 2023 20:52


In this episode of Adam Talks, Adam Bergman, Esq. discusses the Peter Thiel strategy of using Roth IRA funds to invest in founder's stock for your new business.

Behind The Wealth with Roger Abel
Millionaires Are...

Behind The Wealth with Roger Abel

Play Episode Listen Later Nov 15, 2023 46:39


Roger and Elias look at Ramsey Solution's National Survey of Millionaires. Plus a discussion on Social Security, why American's don't feel financially secure, and how Gen Z compares to past generations when it comes to debt. Follow Us on Facebook.com/BTWealthShow  Subscribe to the Podcast https://linktr.ee/BehindTheWealth Hosted By: Roger Abel Guest Host: Elias Randel Produced By: Molly Nordlocken Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC.  The opinions voiced in this show are for general information purposes only and are not intended to provide specific advice or recommendations for  any individual. To determine which investments may be appropriate for  you, consult with your attorney, accountant, and financial or tax advisor prior to investing.   All performance referenced is historical and is not a guarantee of future results. All indices are unmanaged and cannot be invested into directly.  Premier Investments of Iowa, Inc. and LPL Financial do not provide tax advice, please consult your tax professional.  Dollar cost averaging involves continuous investment in securities  regardless of fluctuation in price levels of such securities.  An investor should consider their ability to continue purchasing through fluctuating price levels. Such a plan does not assure profit and does not  protect against loss.  Economic forecasts set forth may not develop as predicted and there  can be no guarantee that strategies promoted will be successful.  There is no assurance that the techniques and strategies discussed are  suitable for all investors or will yield positive outcomes.  The purchase of certain securities may be required to effect some of the strategies. Investing involves risks including possible loss of principal. Consult your tax professional about eligibility to Roth and Traditional IRA  contributions. Contributions and earnings in a Roth IRA can be withdrawn  without paying taxes and penalties if the account owner is at least 59 ½  and has held their Roth IRA for at least five years. Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of the conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult your tax advisor before investing.  Data Sources:  Morningstar Ramsey Solutions "Unmasking Financial Struggles: Insights on Diverse Challenges Americans Face”, Atticus Law Firm The Senior Citizens League

Inside The Plan With The 401(k) Brothers
Planning Ahead for 2024

Inside The Plan With The 401(k) Brothers

Play Episode Listen Later Nov 15, 2023 17:26


In this episode of "Inside the Plan with the 401(k) Brothers", hosted by Bill and Andy Bush, the hosts provide insight about the contribution limits of 2024 to know what you're getting into for the upcoming year which IRS announce every year around this time.   Episode Highlights: ·         01:04 Discussion on inflation-indexed contribution limits, highlighting that most plans saw an approximate $500 increase from 2023 to 2024, with 401K plans moving from $22,500 to $23,000. ·         02:13 No change in catch-up contributions for 2023 and 2024, remaining at $7,500, leading to a total limit of $30,500 for eligible participants in 401K, 457, and certain 403 B plans. ·         04:10 Individual IRA limits also rose by $500 to $7,000 for 2024, and the catch-up contribution remained at $1,000, totaling an $8,000 potential contribution for those turning 50. ·         05:08 Eligibility for contributing to a Roth IRA in addition to a 401K depends on modified adjusted gross income (AGI). In 2024, single individuals earning less than $146,000 or married couples filing jointly earning less than $230,000 can contribute to both. ·         06:49 For traditional IRAs, if you're covered by a retirement plan at work, the deductible contribution income limits are lower: less than $77,000 for singles and less than $123,000 for married filing jointly. ·         07:23 Contributions to a traditional IRA without tax deductions must be tracked as after-tax contributions to ensure taxes are not paid upon withdrawal for the contribution amount. ·         08:52 The hosts reflect on the tendency of individuals to focus on financial planning towards the end of the year, emphasizing the importance of progress towards a secure financial life. ·         11:22 The hosts suggest stepping back to gain perspective on one's financial journey and the importance of planning, rather than only dealing with day-to-day needs. ·         12:53 The hosts discuss the passport package for self-assessment, highlighting different mindsets between those under and over 45 years of age. The assessments are based on the work of Carol Dweck on growth versus fixed mindsets. ·         14:22 They introduce the Horizon Financial Group's website where listeners can take the passport assessments – 'Expansion Passport' for those under 45 and 'Walkaway Passport' for those over 45. ·         15:56 The hosts encourage listeners to step back from daily life and evaluate their mindsets, suggesting this tool can aid in identifying areas for growth.     Key Points: 1.    For 2024, the contribution limits for 401K plans have increased by $500 from the previous year, now standing at $23,000, with the catch-up contribution remaining at $7,500, making a total of $30,500 possible for those eligible. 2.    Individuals with a modified AGI below specific thresholds can contribute to a Roth IRA in addition to their 401K. 3.    The hosts emphasize the importance of assessing one's financial mindset and introduce a self-assessment tool called the passport package, which helps individuals gauge their financial health and progress towards goals, with distinct versions for those under and over 45 years of age.     Tweetable Quotes: ·         "Get ready for 2024! Most 401(k) plans are upping the ante with contribution limits increasing by about $500. Time to max out your financial growth!” ·         "Whether you're aiming for a Roth IRA or sticking to traditional, knowing your AGI can unlock new opportunities for your retirement contributions in 2024.” ·         "End the year strong by reflecting on your financial journey. Take the 'passport' to assess your mindset – are you growing or just going with the flow?”     Resources Mentioned ·         Horizon Financial Group

Retire With Ryan
7 Year-End Tax Moves to Consider for 2023, #175

Retire With Ryan

Play Episode Listen Later Nov 15, 2023 12:58


As the clock runs out for 2023, now is the time to consider your final tax moves of the year. On this episode, I'm breaking down seven tax reduction strategies for 2023 and beyond. Five of these tips need to be executed before the ball drops on New Year's, so hit play now and start strategizing! You will want to hear this episode if you are interested in... Contribute to a state-sponsored 529 Plan [1:47] Take a tax loss [4:13] Perform a Roth conversion on your retirement account [4:58] Set up a 401k or profit-sharing plan as a small business [8:18] Purchase a vehicle for your business [9:36] Contribute to a traditional IRA [10:39] Fully fund your HSA [11:14] Contribute to education and save on taxes As this year draws to a close, one savvy tax move is contributing to a state-sponsored 529 plan. With over 30 states offering tax deductions for such contributions, it's a strategy worth exploring. In my home state of Connecticut I can deduct up to $5,000 per person annually on my state income tax, potentially saving a couple up to $10,000. What's interesting is that even if I plan to use the funds shortly thereafter, I can still take advantage of the tax deduction without a mandatory holding period.  Moreover, exploring other states' plans is an option, especially for those residing in Arizona, Alaska, Kansas, Minnesota, Missouri, Montana, and Pennsylvania, where deductions are allowed regardless of the chosen state plan. It's a smart financial move that not only supports education savings but also maximizes tax benefits. Considerable savings with Roth conversions Roth conversions are another strategic move to reduce taxes as you save for retirement. Starting at age 73 (or 75 as of 2033) retirees are obligated to take out a required minimum distribution (RMD), a percentage of their account set by the IRS. To proactively manage this, you can explore a Roth conversion. This is where money is withdrawn from a pre-tax retirement account, taxed at the current rate, and then transferred to a Roth IRA or Roth 401k.  Timing is crucial, and opportune moments include years of lower income, such as during job transitions or early retirement before reaching the RMD age. Converting at the 12% tax bracket, which applies to taxable income up to $45,000 for singles or $90,000 for married couples filing jointly, allows for significant tax savings. This strategy is particularly beneficial for those with sizable IRAs not planned for immediate use, offering a way to strategically navigate future tax implications. Listen to this episode for more year-end tax-saving tips! Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel How To Turn Your Investment Losers Into Winners With Tax Loss Harvesting, #174 Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact

CFO at Home
144. Saving for College and Retirement (at the same time)!

CFO at Home

Play Episode Listen Later Nov 15, 2023 41:22


Saving for your kid's College education. Saving for your own retirement. Which should you do first? Which is more important? Do you really have to choose between one or the other? Or is there a way to work towards both goals simultaneously? That's the topic Vince discusses on this episode of CFO at Home with Dan Cieniewicz, Certified Financial Planner with Hyperion Financial. You can learn more about Dan and Hyperion Financial by going to hyperionfp.com Key Topics: (01:38) It's all about saving for college and retirement in that intersection (08:12) College savings and retirement planning are foundational (14:07) The 529 plan can be a great tax planning tool (25:09) 401Ks and the IRAs (33:01) Saving in a Roth IRA for college Ways to contact/follow: Hyperion Financial  thecollegedude.com dan@hyperionfp.com Contact the Host - vince@thecfoathome.com  

Directed IRA Podcast
Solo 401K - The Ins and Outs

Directed IRA Podcast

Play Episode Listen Later Nov 15, 2023 64:34


In this webinar, Mat Sorensen, CEO, and Aaron Halderman, COO of Directed IRA discuss everything you need to know about Solo 401(k)s We cover the following topics:-New Roth Rules for 2023 and Beyond-Contributing 10 times more annually than an IRA-Understanding the necessity of an LLC for a Solo 401(k)-Qualification criteria-Avoiding common mistakes-Exploring the increased contribution limits for 2023 ($66k) and 2024Learn how to take control of your retirement - https://directedira.com/Self-directed IRA Podcast - https://matsorensen.com/podcast/Shop my products - https://shop.matsorensen.com/ Blog & Articles - https://matsorensen.com/blog/ Connect with Mat online:Instagram: https://www.instagram.com/matsorensen/Facebook: https://www.facebook.com/mat.sorensen.1LinkedIn: https://www.linkedin.com/in/matsorensen/Twitter: https://twitter.com/matsorensen YouTube: https://www.youtube.com/@MatSorensen

UBC News World
Roth & Traditional IRA Contributions & Income Limits In Post-Retirement Years

UBC News World

Play Episode Listen Later Nov 14, 2023 2:23


If you're concerned about financial security during your golden years, Assets guides you through the process of managing traditional and Roth IRA investment accounts. Visit https://assets.net/financial-advice-for-what-to-do-with-ira-after-retirement for more details. Assets City: New York Address: 60 W 23rd St Website https://assets.net/ Phone +1-877-675-4340 Email scott.hall@betteronlineinfo.com

Your Money, Your Wealth
Can High Earners Fund a Roth IRA Without Paying More Tax? - 455

Your Money, Your Wealth

Play Episode Listen Later Nov 14, 2023 53:52


Steve & Sharon in Minnesota are high earners - can they get more money into their Roth IRA without paying more tax? Should Fred in western New York do Roth conversions before required minimum distributions kick in? If Mike in Utah saves on healthcare premiums now, will that mean large RMDs and tax bills for him later? Should Mark in Maryland do a backdoor Roth after maxing out his 401(k)? And should Joseph in Kansas contribute to his new employer's traditional or Roth 401(k)?  Timestamps: 00:49 - Should We Do Roth Conversions Before RMDs Kick In? (Fred, western NY) 10:22 - Will Saving on Healthcare Premiums Now Mean Large RMDs and Tax Bills Later? (Mike, UT) 19:36 - Where to Invest After Maxing Out 401(k)? Backdoor Roth? (Mark, MD) 28:04 - How to Get More into Roth Without Paying More Tax? (Steve & Sharon, Roseville, MN) 39:24 - Roth 401(k) or Traditional 401(k) With New Employer? (Joseph from Wichita, KS) 47:08 - The Derails Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-455  End-of-Year Tax Planning Webinar - live and free, tomorrow Nov 15, 2023, 12pm Pacific, 3pm Eastern - register now!  How to Build a Recession-Proof Portfolio - YMYW TV Recession Protection Guide - free download Episode Transcript Ask Joe & Big Al On Air for your Retirement Spitball Analysis

CBS Eye on Money
Reset or Regret?

CBS Eye on Money

Play Episode Listen Later Nov 14, 2023 16:12


I'm thinking of a making a move that is probably not financially astute. Is it a ridiculous idea?Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

2025 The Final Drive Podcast
2025 the Final Drive S1: E51 - Conversion Consideration

2025 The Final Drive Podcast

Play Episode Listen Later Nov 13, 2023 13:03


With the end of 2023 just weeks away, many people are looking to pay the taxes on a Roth IRA conversion… but what is the best way to do so?  This week David will offer some different ideas, including paying out-of-pocket or taking a 401k loan. Listen in to hear some options on minimizing the pain of paying those taxes now… and remember the pain later could be a lot worse. https://www.cfci.us/2025-the-final-drive

Common Sense Medicine
#77 - Why physicians so bad at managing their personal finances?

Common Sense Medicine

Play Episode Listen Later Nov 10, 2023 52:32


Welcome back to Common Sense Medicine! In this episode, we're joined by Dr. Jimmy Turner, an academic anesthesiologist, self-proclaimed money nerd, and host of "Money Meets Medicine" podcast. He's also the author of "The Physician Philosopher's Guide to Personal Finance" Dr. Turner's mission is to empower doctors to find work-life balance and financial freedom. We delve into his journey from burnout to empowerment and discuss his involvement with Attend, a groundbreaking startup that redefines how physicians navigate financial challenges. For more insightful discussions, be sure to follow him on Twitter (@TPP_MD) and check out his book, and visit Attend's website for valuable resources and support. Join me as I explore the intersection of medicine and finance and discover practical solutions for physicians seeking a better quality of life.Again, if you've been forwarded this email and are just getting this for the first time— thanks for reading! I publish podcasts monthly and I'd love for you to subscribe using the link below. Video version[0:00] Introduction[0:34] Jimmy's story and learning more about the startup world* He did anesthesiology residency and fellowship at Wake Forest, and stayed on faculty there * Really started getting involved in learning about how to manage his money during fellowship — read the blogs, the books, and dove deep into the podcasts around personal finance* He really liked teaching others and he stayed in academic medicine and students, residents, and fellows used to ask his tips about money management* He married burnout with financial wellness, and his first business, The Physician's Philosopher (TPP) was around combating this idea about financial wellness* There is an intrinsic link between financial wellness and specialty choice / when you start a family / how you practice* He started a couple of podcasts, wrote a book, and became a top 5 name for physician blogger with TPP* That led to him starting a business with his co-host for Money Meets Medicine podcast, Dr. Lisha Taylor* Attend's north star - “Legitimately do what's good for doctors using technology”* Jimmy's mission is trying to put people over profit, and Attend's mission of being the comprehensive solution which is best for doctor's financial wellness was too good to pass up and was highly appealing to him [5:00] How do financial incentives impact physicians? * Jimmy would get told not to make a formal curriculum for students and residents around personal finance, both of which he does now* Nobody wanted to talk about money because they didn't want to cause any trouble * In fact, higher student loan burdens are linked with lower in-training exam scores. In-training exams in an internal medicine cohort (n = 16,394) showed that scores decreased as educational debt increased, with a mean difference of 5 points (IM-ITEs are scored as a percentage of total questions answered, only 260 out of the 300 items are scored).* This suggested to Jimmy that as a residency program, they should be ethically bound to teach their residents the ins and outs of personal finance wellness * Conflicts of interests are important to consider, but physicians already have conflicts when they have relationships with device manufacturers[07:15] Jimmy's experience with entrepreneurship and lessons learned* There are 2 schools of thought around entrepreneurship — (1) hustle as hard as you can or (2) take some time for yourself and make sure you can have a sustainable life outside of your business* He started out on the first camp, and now he's squarely on the second. He first started out with 60 hours / week with his main job as an anesthesiologist, and 20 hours / week on the business. It transitioned to more hours in the busines and less hours in anesthesiology until he arrived at his current split of 2 days / week as an anesthesiologist and the rest is on the business.* By the end of the first year, he hadn't made any money. By month eighteen, he might have broken even in the $5,000 he put in to make the website* He realized that in order to help people, he had to make his business grow, which in turn required revenue* He sold the personal finance business of TPP to Attend, where he became the Chief Medical OfficerFear is by far and the way the biggest lesson. Doctors are usually afraid of failure, and we haven't experienced much of it. However, in entrepreneurship, you're going to have a product, or a service line, which doesn't bring any profit to you. And you're going to have to take those learnings and improve. [11:12] How does Attend make money? * Attend makes money on consults for student loans / disability insurance. From their website, they can work with you in defining a plan for you post medical school how to manage your loans and how to pick a good disability insurance* Jimmy said that their consults usually cost around $200-500 per consult, and they are framing it as a way to save hundreds of thousands of dollars in the long term with your student loan burden* Jimmy mentions that his friend decided to refinance his student loans with a private loan lender, and it cost him $400,000 in student loans because he doesn't qualify for the public loan forgiveness program (PSLF)* Shree's research: I found that their products include $199.00 per student loan consult and can split it up over a few months, and they serve as a point person for good insurance disability quotes. I think that they have some sort of relationship with the brokers that they use for disability insurance, to either get a flat fee paid out to be part of their “trusted broker” list or some other revenue sharing arrangement. * Jimmy mentions that all of their employees earn a flat salary so they are not incentivized to push any larger policies to earn a larger commission; they are trying to design incentives so they don't screw people over by preventing them from being eligible for disability insurance[13:38] Jimmy's story about disability insurance / his journey to personal finance * When Jimmy was a fourth-year medical student, he had his first child, and wanted to get life insurance* He sat with a brother of a friend who was an insurance salesman and bought a private disability insurance policy which was fully underwritten and involved a deep dive into his medical history* Jimmy takes propranolol for essential tremor and has an ADHD diagnosis which he takes medication for, and this prevented him from getting disability insurance* Most residency programs have a Guaranteed Standard Issue (GSI) policy which is available to trainees if they haven't been denied or haven't been disabled. If you don't have an income, this none of the rest of personal finance matters* He thinks that disability insurance is the #1 financial task for physicians in residency because you'll never be more insurable than you are now* You have to be able to tell the insurance agent everything, because they can't go to the medical boards. If they find something in the medical underwriting piece, you're toast * Most insurance agents won't tell you about the GSI plan* GSI plan is only available during training and three months, usually, out of training. It locks in your rate in training and then, when you're out of training, allows you to buy more insurance as your income increases* A fully underwritten policy isn't bad if you're healthy, but make sure that you get a benefits rider to make sure your health history is “locked-in” at this current time because most people develop a medical problem during residency[18:53] What are some financial lessons which residents and students should know as they're starting their career? * When you're graduating medical school, the name of the game is preventing debt* When you get to residency, get disability insurance and make a student loan plan and see how you're going to join PSLF. Avoid revolving credit card debt like the plague* Work on the smaller tasks during residency — make an emergency fund ($1,000 as a resident, 3-6 months of living expenses as an attending physician)* Doctors are really bad at backcasting, and don't reverse engineer when they want to retire * The Diderot Effect, AKA lifestyle creep - obtaining a new possession often creates a spiral of consumption which leads you to acquire more new things. As a result, we end up buying things that our previous selves never needed* If you have extra money, you will spend that money. You have to know that it is coming as an attending physician[22:05] Discussion around Roth IRA / 401K and investing* You would rather pay the taxes and then invest as a Resident in a Roth IRA, and when you're in your Peak earning years, you put it in a Pre-tax vehicle (401K) (RR, PP)* The only caveat is that as a trainee, in an income-driven repayment program, your loan payments are based on your post-tax income (Adjusted gross income - discretionary income). If you contribute to a 401K, your student loan payments will be smaller* If you have a 401K match in residency, then you should definitely use it (“It's free money!”), but be careful about the vesting period — you don't want the money that you earned during the match to evaporate if you sign a job offer at a different institution[26:09] Refinancing student loans — why are doctors so bad at decision making? * The savings from Attend are often immediate — long term, there is always a return for these consults* When refinancing, you don't want to do it with a private lender. Jimmy thinks that every single company should have the disclaimer that “If you refinance your student loans, then you can never do PSLF ever!” * Every company which recommends a particular lender to refinance with gets a kickback to do so* PSLF is public service loan forgiveness program, which is a program which lets you get your loans forgiven tax-free. * In order to qualify for this program, you have to be enrolled in an income-driven repayment program (IDR) administered by the federal government, where loan payments are driven by your income* The two IDR programs are SAVE (formerly REPAYE) and IBR (income-based repayment). SAVE is a great plan for a majority of people — it allows for a cap on interest for your loans and can exclude your spouse's income. * Right now, there are four IDR programs, but they are consolidating into two (SAVE and IBR) in 15 months and you have to be in one of them to get PSLF* You have to make 120 non-consecutive qualifying payments on a federal loan, have to be in an income-driven repayment program (IDR) and work at least 30 hours a week for a qualifying employer (80% of hospitals are qualified state organization, federal organization, non-profits which allow for this) to get your loans forgiven. Residency payments which are low qualify for this program[33:10] Non-clinical careers — what do you tell people about making the switch?* You can still be an entrepreneur in medicine — a private practice doc, etc. Entrepreneurship allows for autonomy and allows Jimmy to control his schedule in a holistic way, more than medicine does * Also, burnout is a big problem for physicians and people are tired of it* If you can find a coach who can accelerate your journey for what you want to do, it's easier to achieve your goals. It is an uphill battle to found your own practice, but lean on people who have done the work before[40:11] Jimmy reflects on the most valuable advice he was given* He had a coach walk him through the process of why his business was failing. He wasn't trained as well to manage a business. The coach mentioned that he didn't have to do it all by himself* He was initially worried about the cost of running a business, but bringing more people into the business was helped him to improve the business * The best process improvement that happened during his business-building experience was the onboarding process for customers and building out the customer relationship management (CRM) system[43:40] What are the biggest failures that you've faced? * Ryan Holiday's “Obstacle is the Way” really helped him contextualize the process of failure into a stepping stone rather than a final destination* You have to experience the failure in order to learn the lesson* He was scared of offending people, and he had to realize that he was going to offend someone when he picked up a mic or typed something on a keyboard* Getting over the fear of being perceived as a failure was a big hurdle for him as well, and he was scared of being judged* Jimmy thinks that sales is a service, and it's not sleazy. You're trying to provide them a service which makes that [47:29] What's Jimmy's favorite car? * It would have to have manual transmission, and it would have to have a lot of horsepower * There aren't that many cars left like this: You have the CT4 Blackwing (which he drives), or a CT5, or the M3 / M5 BMWs [49:23] Which books would you recommend? * From a business perspective, “Never Split the Difference” by Chris Voss, “Think Again” by Adam Grant, “Leaders eat Last” by Simon Sinek, and “The Hard Thing about Hard Things” by Ben Horowitz This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.shreenadkarni.com

Talking Real Money
Four Q Day

Talking Real Money

Play Episode Listen Later Nov 10, 2023 19:36


This Friday, Don answers questions about: How many beneficiaries of a 529 plan can transfer $35,000 into a Roth IRA? Does a micro-cap fund have a place in a portfolio? Should a retirement lump sum be investing in rolling maturity fixed annuities? Is there any reason to NOT fund a 457 plan? Learn more about your ad choices. Visit megaphone.fm/adchoices

CBS Eye on Money
How to Consolidate Funds

CBS Eye on Money

Play Episode Listen Later Nov 9, 2023 14:58


With over 20 funds in one account, how do I go about consolidating them into just a few?Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Money You Should Ask
Building Wealth Across Generations. Acquania Escarne

Money You Should Ask

Play Episode Listen Later Nov 8, 2023 40:05


What dreams do you have for your family's generational wealth and financial freedom? Entrepreneur, wealth strategist, and personal finance content creator, Acquania Escarne joined me at FinCon 23 and shared her life lessons in building wealth for herself and her family.   After watching loved ones and close friends struggle around financial security, Acquania was inspired to take control of her financial future. At just 16 years old, she opened a Roth IRA - taking the first step into understanding her own ability to build wealth.   Aquania runs the financial literacy platform The Purpose Of Money, focused on helping women of color Build Generational Wealth One Dollar at a Time. Discover Acquania's inspirational path to building generational wealth through education, investing, entrepreneurship, and protective assets. Learn practical tips and mindset shifts that allow you to earn more, budget better, teach your kids about money, and protect your assets through any life transition.   Resources Mentioned: Acquania's Website - https://thepurposeofmoney.com Acquania's Podcast - The Purpose of Money Podcast Could one dollar change your financial story? - https://go2.money/book-deal More on this episode - https://go2.money/generations        

Directed IRA Podcast
Open Forum: 2024 Contribution Limits and Answering your Self-Directed IRA Questions!

Directed IRA Podcast

Play Episode Listen Later Nov 8, 2023 42:13


Join Mat & Mark in this open forum as they answer your difficult Self-Directed retirement plan questions. Diving deep into all of your questions on Self Directing your Roth IRA, 401(k), Traditional IRA, Coverdale, HSA, and more. To submit your questions, listen, search for prior episodes, or sign up for their Weekly Free Newsletter, visit https://directedira.com/podcastLearn how to take control of your retirement - https://directedira.com/Self-directed IRA Podcast - https://matsorensen.com/podcast/Shop my products - https://shop.matsorensen.com/ Blog & Articles - https://matsorensen.com/blog/ Connect with Mat online:Instagram: https://www.instagram.com/matsorensen/Facebook: https://www.facebook.com/mat.sorensen.1LinkedIn: https://www.linkedin.com/in/matsorensen/Twitter: https://twitter.com/matsorensen YouTube: https://www.youtube.com/@MatSorensen

CBS Eye on Money
Financial Path for Newlyweds

CBS Eye on Money

Play Episode Listen Later Nov 7, 2023 16:38


My husband and I recently got married and we want to make sure we're on the right path as we start our financial journey together.Have a money question? Email us hereSubscribe to Jill on Money LIVEYouTube: @jillonmoneyInstagram: @jillonmoneyTwitter: @jillonmoneySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.