Podcasts about Roth IRA

Jim and Chris discuss listener questions on Social Security COLA timing, spousal claiming strategy, IRMAA tax treatment, Roth IRA rollovers from 529 plans, and a listener PSA on deferred annuity RMD rules. (8:00) Georgette asks whether her initial Social Security benefit—approved in September for a December start—will reflect the January COLA increase. (15:30) A listener […] The post Social Security, IRMAA Taxation, 529 Rollover, Deferred Annuities: Q&A #2544 appeared first on The Retirement and IRA Show.

Episode SummaryIn this episode of One for the Money, we explore a common misconception that holds too many people back from reaching their full financial potential: believing that having accounts equals having a financial plan.I share my personal financial journey — including real-life challenges, eye-opening lessons, and hard-won insights — to demonstrate why a collection of IRAs, 401(k)s, and 529s doesn't constitute a plan.You'll also learn about the five essential domains of financial planning, and why aligning these with your ideal life is the key to long-term success and fulfillment.Whether you're nearing retirement, building wealth, or just starting out, this episode will challenge the way you think about your money and help you take the first steps toward better planning and a better life.What You'll Learn in This EpisodeWhy most Americans mistake accounts for a financial plan — and the risks of doing soThe five critical areas every true financial plan must addressHow to align your money with your life's most important goalsReal client stories that reveal costly — and avoidable — financial mistakesHow to avoid being among the 60% of retirees who wish they could do it overOne actionable strategy to kick-start your personal planning journey todayTips, Tricks & Strategies SegmentThis week's actionable strategy:Envision your ideal life, then build your financial plan around it.Learn how to prioritize your goals, assess alignment with your current financial picture, and determine whether you're on the most efficient path to achieving what matters most. Spoiler alert: It starts with clarity and ends with intentional planning.The 5 Domains of a Complete Financial PlanIncome – Your cash flow strategy (now and in retirement)Investments – Your portfolio allocation and growth strategyInsurance – Risk management and protection for your familyTaxes – Lifetime tax planning to maximize after-tax wealthEstate Planning – Directing your legacy with wills, trusts, and powers of attorneyMemorable Quotes“We don't rise to the level of our dreams — we fall to the level of our planning.”“A 401(k) is not a plan. A Roth IRA is not a plan. A bunch of accounts is not a plan.”“Better planning leads to a better life. Especially when it's based on your best life.”Want More?Subscribe to One for the Money on your favorite podcast platform.Ready to plan your ideal retirement? Schedule a free consultation with our team.https://BetterPlanningBetterLife.com Connect with Jonny on LinkedIn

Financial fear is common and quite frankly, normal. In this episode, Farnoosh breaks down some of the pivotal financial moments in her life where the underpinning emotion was fear. Starting all the way back in her early childhood. Then we hit the mail bag and answer questions about life insurance for kids, using a Roth IRA as an emergency account and where to allocate charitable giving this year. Hosted on Acast. See acast.com/privacy for more information.

This week's blogpost - https://bahnsen.co/48Xhibo Mastering Year-End Financial Planning: Contributions, Tax Strategies, and Generosity In this episode of the Thoughts on Money Podcast, hosts Trevor Cummings and Sean Ullrich dive into year-end financial planning strategies. They discuss the importance of being proactive with financial and tax planning as the year closes, including various Roth IRA strategies, tax planning measures, and charitable giving options. Trevor and Sean highlight the necessity of preparing for the end of the year well in advance to avoid bottlenecks and maximize benefits. Additionally, they emphasize proper portfolio management, especially given recent strong market performance, and encourage reviewing previous tax returns for further planning insights. From maximizing 401k contributions to exploring donor-advised funds, they offer listeners actionable advice to improve their financial standing while concluding the year on a generous note. 00:00 Introduction and Guest Introduction 00:53 Discussing the Importance of Proactive Financial Planning 02:03 Analogies Between Sports and Financial Planning 04:25 Key Financial Planning Strategies 14:20 Tax Planning Insights and Strategies 27:15 Charitable Giving Strategies 34:11 Investment Strategy and Market Performance 39:21 Conclusion and Listener Engagement Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com

In this episode of Kelley's Bull Market News, Kelley Slaught discusses essential strategies for retirement planning, focusing on business succession, financial legacy, and income generation. She emphasizes the importance of having a clear exit strategy for business owners, getting one's financial house in order, and planning for long-term care. The conversation also covers the significance of creating a personalized income plan, addressing debt management, and the risks associated with holding cash. Listener questions provide further insights into practical retirement strategies. Reach Kelley at 800-810-8060. California Wealth Advisors www.californiawealthadvisors.com See omnystudio.com/listener for privacy information.

Marty breaks down the five pillars of retirement that every retiree should have in their plan. They are the income, tax. Investment, healthcare, and estate plan pillars. He also reviews some tax changes that are coming in 2026 and discusses the transition from accumulation to decumulation in retirement. Reach Marty at 888-519-9096. Smart Money Solutions www.smartmoneysolutionsmn.com See omnystudio.com/listener for privacy information.

The most generous people give something money can't buy—their time, their presence, and their love.Generosity reaches far beyond finances. It shapes hearts, strengthens families, and builds communities of grace. Today, Sharon Epps joins us to talk about the long-term impact of generous living.Sharon Epps is the President of Kingdom Advisors, FaithFi's parent organization. Kingdom Advisors serves the broad Christian financial industry by educating and equipping professionals to integrate biblical wisdom and financial expertise.A Simple Question That Changes EverythingIf you've ever wondered what true generosity looks like, it's often simpler—and closer to home—than we think. Generosity isn't measured by dollar amounts or estate plans; it's written on the faces and in the actions of people who live with open hearts.In fact, if you ask someone a simple question like this, you will move their hearts more than you know:“Think about the most generous person you know. What do they look like? What's their countenance? Their posture?”Take a moment to picture them. Chances are, their face lights up your mind's eye. They're probably joyful, peaceful, genuine—and not necessarily wealthy. That's because generosity is about heart, not income. It's about presence, not possessions.When we make generosity personal, it changes us. We stop thinking in abstract ideas and start remembering real people who gave freely of themselves—and in doing so, reflected the heart of Christ.When this question is asked, the answers are often the same: a grandparent, an aunt, an uncle—someone who gave of themselves through love, laughter, and listening. These aren't people who built foundations or donated millions. They modeled generosity through steady love and consistency.That's what long-term generosity looks like. It starts at home and grows outward.Redefining Long-Term ImpactWhen we hear “long-term impact,” our minds often jump to wills, trusts, or endowments. Those are important tools, but they're not the whole story. True long-term impact happens when we invest our lives, not just our assets.Every day, we have the chance to sow generosity through acts of service, hospitality, and encouragement. These simple seeds—when planted faithfully—bear fruit that outlasts any financial gift because they grow in people's hearts.If you long to leave a legacy of generosity, start small.Serve one person this week. Ask God to show you where you can listen, encourage, or help.Be steady and intentional. Generosity grows through daily habits, not grand gestures.Practice generosity with time and words. The way you invest relationally today can change someone's tomorrow.Over time, those small acts of faithfulness will shape the kind of life others remember as generous.Generosity is most powerful when it's shared. Families that give together cultivate hearts that reflect God's heart. Take your children with you when you serve at a food pantry. Let them see generosity in action. Talk about giving not as an obligation but as a joyful response to God's grace.A Practical Tool for GivingOne practical way to make giving intentional is through a donor-advised fund—or what our friends at the National Christian Foundation call a Giving Fund. It's like a charitable checking account where you can deposit money now and prayerfully decide later how to distribute it.Opening one is quick and easy, and it's a great way to involve your children or grandchildren in deciding where to give. You can learn more or start one in under five minutes at FaithFi.com/NCF.Generosity Flows Toward PeopleIn the end, generosity isn't about how much we give—it's about who we're becoming. It's not just an act; it's a lifestyle. When our generosity flows toward people instead of possessions, we participate in God's ongoing story of redemption.That's the kind of impact that lasts far beyond our lifetime.On Today's Program, Rob Answers Listener Questions:I really want to honor God with my giving. I've been thinking about donating to St. Jude Children's Research Hospital and to my local church. Should I split my giving between the two, or focus everything on my church?I called about Qualified Charitable Distributions before, and your explanation helped—but I'm still not sure I understand them. At age 70, it seems like you lose out on any interest or growth from that money, and you can't take a tax deduction. So why would anyone do a QCD at that age? Would it ever make sense to take money from a Roth IRA instead? And are there income levels where a QCD just doesn't make sense?How can I strike the right balance between managing my money wisely and living with radical generosity?I have about $100,000 invested across the S&P 500, NASDAQ, and Dow, but I'm wondering if that's too risky. Would it be safer to put everything into the S&P 500, or is there a better approach? At 76, should I shift more into bonds—and if so, what kind would you recommend?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)National Christian Foundation (NCF)Redeeming Money: How God Reveals and Reorients Our Hearts by Paul David TrippWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions every workday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Make your money work while you sleep. In this episode, Andrew Nida and Moise Piram from Asset Management Group, Inc. walk through five practical passive income ideas for high earners. We cover dividend growth investing, covered call strategies, real estate options, private income opportunities for accredited investors, and tax advantaged vehicles that can help keep more of what you earn. Expect clear frameworks, simple math, and guardrails so you can decide what fits your plan.What you will learn• How dividend income and covered call ETFs can support cash flow for high earners• Real estate choices, direct ownership, syndications, and REITs, plus where taxes may be reduced• Business ownership as a semi passive cash flow source once systems are in place• Private credit and other alternative income funds for accredited investors, including distribution mechanics• Tax advantaged tools such as municipal bonds and Roth strategies that can reduce your tax drag• A sample high earner passive income blueprint to think through allocation and riskChaptersHook and setupDividends and covered callsReal estate income and tax considerationsBusiness ownership and equity cash flowPrivate investments and income distribution typesTax advantaged vehicles to lower tax dragPutting the blueprint togetherKey takeaways and next stepsFollow us onX.com: https://x.com/AMGinc_ATLInstagram: https://www.instagram.com/assetmanagementgroupinc/LinkedIn: https://www.linkedin.com/company/amgincatl/Facebook : https://www.facebook.com/beyondtomorrowpodcastWebsite: https://www.assetmg-inc.com/YouTube: https://www.youtube.com/@assetmanagementgroupincTikTok : https://www.tiktok.com/@assetmanagementgroupincBlog: https://www.assetmg-inc.com/blogDisclosureEducational content only. Not tax, legal, or investment advice. Tax laws can change. Consult your CPA or advisor about your specific situation.Asset Management Group Inc, Andrew Nida, Moise Piram, passive income, dividend investing, covered call ETFs, JEPI, QYLD, XYLD, real estate investing, REITs, rental property, syndications, private credit, accredited investor, tax advantaged investing, municipal bonds, Roth IRA strategy, retirement income, high earner strategies, wealth management, financial planning, portfolio income, business ownership, franchise investing, cash flow, Atlanta financial advisor, fiduciary advisor, tax strategyYouTube Keywordspassive income for high earners, dividend growth strategy, covered call income, real estate cash flow, REIT dividends, private credit funds, accredited investor income, municipal bond tax free income, Roth IRA for high earners, backdoor Roth strategy, defined benefit plan for business owners, portfolio income planning, retirement income blueprint, tax efficient investing, wealth preservation strategies#PassiveIncome#DividendInvesting#CoveredCalls#RealEstateInvesting#REITs#CashFlow#HighEarners#WealthManagement#TaxPlanning#FinancialFreedom#RothIRA#AccreditedInvestor#PrivateCredit#EstatePlanning#RetirementIncome#InvestingTips#ETFInvesting#IncomeInvesting#BusinessOwnership#Franchise#Syndications#MunicipalBonds#BackdoorRoth#DefinedBenefitPlan#PortfolioStrategy#FinancialEducation#Atlanta#PodcastAsset Management Group,passive income ideas,passive income,how to,financial planning,how to earn money online,how to make money,how to make money online,Earn Money,earn money online,how to get rich,personal finance,Entrepreneurship,make money online,Stock Market,work from home,real estate,Online Business,Real Estate Investing,Financial Freedom,ali abdaal,youtube automation,mark tilbury,business ideas,investing,investing for beginners,ali abdal

In this episode of Behind the Wealth, Roger and Elias unpack two hot topics for retirees and pre-retirees: why some Baby Boomers may be off track for retirement — and how to decide the right time to claim Social Security. Get started on your path to financial freedom. www.premieriwm.com  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. Premier Investments & Wealth Management and LPL Financial do not provide tax advice, please consult your tax professional. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. All performance referenced All performance referenced is historical and is not a guarantee of future results. All indices are unmanaged and cannot be invested into directly. 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.

Why does the end of the year always feel like a race against the clock—and what does that mean for your finances? Mike Douglas dives into the essential year-end financial checklist, from maximizing retirement contributions and health savings accounts to the power of quarterly goals and charitable giving. Discover practical strategies to declutter your financial life, make smarter decisions, and end the year with gratitude and purpose. Schedule your complimentary appointment today: MichigansRetirementCoach.com Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

What if you could make more money… and keep more of it?In this episode, Todd Toback reveals one of the smartest (and most overlooked) strategies wholesalers can use to grow their wealth — the IRA loophole. From tax-free gains to investing in other people's deals, Todd breaks down how to turn your wholesale profits into long-term, generational wealth.You'll learn the real difference between a Roth IRA and a Traditional IRA, why self-directed IRAs are game-changers, and how to make your money work even while you sleep.---------Show notes:(0:59) Beginning of today's episode(1:24) How to invest your money using and IRA(2:20) How to make more money and keep all your money(4:19) Benefits of a Roth IRA (money can grow tax free)(6:18) Difference between a Roth IRA and a traditional IRA?(7:38) Why should you invest in a traditional IRA vs a Roth IRA?(8:55) Self directed IRA(9:22) Invest funds in other people's deals(12:24) Active management----------Resources:To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the TribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community are endless, what are you waiting for?

Tom Cock and Apella Wealth advisor Roxy Butner team up for a lively listener Q&A episode covering everything from the new wave of penny-stock IPOs to retirement readiness and tax traps. Tom opens with a warning about the surge in risky penny-stock offerings, then the two dive into listener questions about annuity sales pressure at Fidelity, portfolio diversification mistakes, CD taxation myths, Roth conversions, and one standout 21-year-old listener getting her financial life off to a stellar start. 0:05 Tom opens with a warning about the explosion in penny-stock IPOs 1:26 Why “lottery-ticket” stocks nearly always burn investors 2:21 Diversify, stay tax-efficient, and skip the hype 2:30 Roxy joins for listener Q&A 3:38 Fidelity's annuity pitch — a listener wonders if it's time to leave 5:05 Who's truly fiduciary: Fidelity vs. Vanguard vs. Apella 6:14 Vanguard dipping a toe into crypto 6:51 Quabina from Ohio: $2.2M at 47 — diversified enough to retire at 55? 8:14 Missing global diversification and bonds in an all-U.S. portfolio 9:57 Early-retirement planning challenges and healthcare costs 10:20 How to design the right stock-bond-international mix 11:36 Daniel from California: Are long CDs taxed as capital gains? 13:04 Why CD interest is always ordinary income — and muni bond alternatives 13:29 Year-end planning: RMDs, Roth conversions, and tax optimization 14:45 Common tax mistakes and mis-placed assets 15:19 Emily from Ohio: “Young and Dumb” — a 21-year-old investing the smart way 18:51 Building a first Roth IRA and why bonds don't belong yet 20:00 One-fund simplicity: AVGE vs. VOO 21:41 Long-term mindset: global diversification and patience pay off Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode features Gregory Ricks and Dwayne Stein of Mortgage Gumbo discussing new opportunities within the housing market. Then Jude Heath of J. Heath and Company joins the show with outlook on the upcoming 2026 tax season. For financial news talk radio, tune into "Winning at Life with Gregory Ricks" on Saturday Mornings on:WRNO-News Talk 99.5 FM New Orleans - 10 am - 1 pmWBUV-News Talk 104.9 FM Biloxi - 10 am - 1 pmORFor financial news talk ON DEMAND, tune into the Ask Gregory Podcast for more financial topics that may interest you! Visit: https://gregoryricks.com/podcast/Download the Winning at Life app to never miss a replay!Investment Advisory products and services made available through AE Wealth Management, LLC or registered investment advisor, insurance products are offered through the insurance business Gregory Ricks and Associates, Incorporated AE wealth management does not offer insurance products, the insurance products offered by Gregory Ricks and Associates incorporated are not subject to investment advisor requirements. Investing involves risk, including the potential loss of principal, any references to protection, safety or lifetime income generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying ability of the issuing Carrier. This radio show was intended for informational purposes only. It is not intended to be used as the sole basis for a financial decision, nor should it be construed as advice designed to meet the particular needs of an individual situation. Gregory Ricks and Associates is not permitted to offer and no statement made during the show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the US government or any governmental agency. The Information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Gregory Ricks and Associates. Please remember that converting an employer plan account to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences, including, but not limited to a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits and higher taxes on Social Security benefits and higher Medicare premiums. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA. Neither AE Wealth Management nor advisors providing investment advisory services through AE Wealth Management recommend or facilitate the buying or selling of cryptocurrencies. Third parties and guests of the show are not affiliated with nor do their opinions reflect those of Gregory Ricks and associates or AE wealth management. Ae Wealth Management provides services without regard to political affiliation. And the views of individual advisors are not necessarily the views of AE Wealth Management.

Clark looks at how HSA ‘s (that's Health Savings Accounts) can be a great savings resource for your benefits package – maybe even better than a Roth IRA!

The calendar is winding down, and while most people are focused on the holidays coming up, the smart ones know this is also crunch time for tax planning. Once December 31st hits, many of your opportunities to save on taxes disappear, so now is the moment to act. In today's episode, I'm walking you through eight smart, year-end strategies that can help lower your tax bill and keep more of your hard-earned money where it belongs - with you. Here's what we'll dig into: - How to make the most of retirement account contributions before the deadline - When it makes sense to do a Roth IRA conversion before year-end - Smart decisions around Required Minimum Distributions - Ways to give strategically and reduce your tax burden through charitable giving - Why deferring income could drop you into a lower tax bracket - The benefits of accelerating deductions before year-end - Harnessing the triple-tax advantages of Health Savings Accounts - And thoughtful gifting strategies that can help you and your loved ones If you want to finish 2025 stronger (and smarter) financially, this episode is for you. Listen in. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>  LET'S CONNECT Show website: https://www.providencefinancialpodcast.com Find us at: https://www.providencefinancialinc.com Get to know Anthony: https://anthonysaccaro.com Anthony's book: https://morelifethanmoneybook.com Amazon Author Page: https://amazon/author/anthonysaccaro YouTube: https://www.youtube.com/c/AnthonySaccaro/featured Radio: https://www.providencefinancialradio.com Yelp: https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills Facebook: https://www.facebook.com/Providence.FinancialInc/ Twitter: https://twitter.com/AnthonySaccaro LinkedIN: https://www.linkedin.com/in/anthonysaccaro/  

Did you know some investments can generate income without triggering a big tax bill? From municipal bonds to tax-advantaged accounts, there are several smart ways to keep more of what you earn. In this interview, Peter with Richon Planning and Erin Kennedy walk through:  Municipal Bonds — why their interest is federally tax-free  Tax-Exempt Money Market Funds — and how they work  Series I & EE Bonds — interest that's free from state and local taxes  Treasury Bills — federal tax applies, but no state or local taxes And Why a Roth IRA might provide the biggest tax advantage of all Investing isn't just about growth, it's about keeping more in your pocket. If you'd like to learn how to pay less to Uncle Sam (while still following the law!), give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com

When you buy something, it's a simple transaction—money goes out, and something tangible comes back in. But giving is different. Scripture tells us that when we give, we also receive—but not always in the way we expect. The return God promises isn't measured in bank balances or possessions. It's measured in freedom, joy, and purpose.Many people hear the phrase “give to receive” and imagine a divine transaction: give to God or others, and blessings—perhaps even financial—will return. But biblically, generosity is never a get-rich scheme. It's an invitation to live the kind of life God designed for us—a life marked by open hands and open hearts.God's Kingdom Is Not a Vending MachineSome interpret verses like Luke 6:38 (“Give, and it will be given to you”) as a spiritual formula: “If I give, God owes me something.” But this is a distortion of Jesus' teaching. God isn't running a cosmic vending machine where our dollars purchase His favor.Instead, He invites us to live differently—to find life not in what we keep but in what we release. If money itself were the ultimate reward, God would be reinforcing the very idol He seeks to break in our hearts. Jesus reminds us in Luke 12:15, “One's life does not consist in the abundance of possessions.” That truth echoes through every page of Scripture: generosity is not about loss—it's about liberation.What We Actually Receive When We GiveSo, if giving isn't transactional, what does Scripture say we receive in return? The Bible highlights three beautiful gifts that generosity brings.1. We Receive FreedomMoney has a unique power to capture our hearts. Jesus warned, “You cannot serve God and money” (Matthew 6:24). Every act of generosity is a declaration of allegiance: we are not owned by our wealth. Giving loosens money's grip and frees us to serve a greater Master.2. We Receive JoyIn Acts 20:35, Paul quotes Jesus saying, “It is more blessed to give than to receive.” True joy doesn't come from what we accumulate—it comes from participating in God's generosity. John Bunyan put it this way: “You have not lived today until you have done something for someone who can never repay you.”3. We Receive PurposeWhen we give, we join God's mission in the world. Paul writes in 2 Corinthians 9:11, “You will be enriched in every way to be generous in every way.” The goal isn't self-enrichment—it's being a conduit of blessing. Generosity connects our story to God's story, reminding us that every resource we have is meant to reflect His generous heart.Giving Flows from GraceIf we're honest, our motives for giving can become mixed. We might give to feel good, earn approval, or to gain favor with God. But the gospel frees us from all of that. Ephesians 2:8–10 makes it clear: we're saved by grace, not by works. Our generosity is not a means of earning God's love—it's a response to already having it.Once we understand that truth, giving transforms from obligation into worship. We don't give to get something back. We give because we've already received everything in Christ.At the center of our faith stands Jesus—the One who gave everything. Paul captures it beautifully in 2 Corinthians 8:9:“For you know the grace of our Lord Jesus Christ, that though He was rich, yet for your sake He became poor, so that you by His poverty might become rich.”Jesus didn't give to gain something for Himself. He gave because of love. Through His sacrifice, we received reconciliation with God and eternal life in His Kingdom—riches far beyond material wealth.When our giving mirrors His, our motivation becomes love, not return. And in that kind of giving, we experience the true riches of life in Christ.Living With Open HandsEven when generosity brings blessing, the return is never shallow or predictable. We don't give to multiply our possessions—we give to multiply love, freedom, and trust.Every act of giving draws us deeper into God's life—freeing us from greed, filling us with joy, anchoring us in purpose, and reminding us that He is our ultimate treasure.The world says, “Give so you can get.” The gospel says, “Give because you've already been given everything.”When we live with open hands, we discover that the richest life is the one fully surrendered to God.On Today's Program, Rob Answers Listener Questions:My wife had student loans before we got married, and the balance has now grown to about $65,000. I didn't realize how much debt she had until recently, and it's been hard to manage on our income—especially since her payments are currently set to $0 through an income-based repayment plan. How should we approach this situation, and what can we do to manage or reduce this debt given our financial limitations?I've been giving to my church using funds from my Required Minimum Distribution, even though I'm still working. Someone recently asked why I'm taking RMDs if I'm not yet required to. Do I have to take RMDs from my retirement plan while I'm still employed, or do the rules only apply to my IRA?I have both a Roth IRA and a brokerage account that I'd like to transfer to a new investment firm. The accounts have been open for more than five years. If I move my Roth IRA, does that five-year clock restart, or does the time I've already had it stay intact?I recently received an inheritance of about $200,000 after my father's passing. My mortgage balance is around $175,000. I don't have any other debt, but I do have five kids at different stages of life, including some in college, and I haven't saved much for retirement. Should I use the inheritance to pay off the mortgage and invest the remaining amount, or keep the mortgage and invest the entire amount for the future? What's the best move for my family right now?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)Wisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today we are answering a handful of tax questions. We start out talking about how to help your kids do their taxes and how to educate them along the way. We also discuss how much they can put into a Roth IRA. We talk about mitigating capital gains taxes when selling stocks and also discuss how to simplify your portfolio when moving away from individual stocks and into index funds. We also answer a question about how to decide between an LLC and a Sole Proprietorship for your business and what the impact of that choice may have on your taxes. Article from Mike Piper on Contribution Limits: https://obliviousinvestor.com/can-you-double-count-earnings-for-ira-and-401k-contributions  Today's episode is brought to us by SoFi, the folks who help you get your money right. Paying off student debt quickly and getting your finances back on track isn't easy, but that's where SoFi can help — they have exclusive, low rates designed to help medical residents refinance student loans—and that could end up saving you thousands of dollars, helping you get out of student debt sooner. SoFi also offers the ability to lower your payments to just $100 a month* while you're still in residency. And if you're already out of residency, SoFi's got you covered there too. For more information, go to https://www.whitecoatinvestor.com/Sofi SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions apply. NMLS 696891. The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com  Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube  Student Loan Advice for all your student loan needs: https://studentloanadvice.com  Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor  Join the community on Twitter: https://twitter.com/WCInvestor  Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor  Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor  Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com  Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter  00:00 WCI Podcast #442 08:50 Exchange/Swap Funds 19:15 LLC vs. Sole Proprietor 26:08 Invest vs. Partnership Buy-In 33:30 White Coat Financial Planning 43:40 Revenue Credits 46:04 Undoing Direct Indexing

This week, Todd Lutsky explains federal and state level estate taxes and how to navigate around them to lower your tax bill. Todd also takes a call from a listener about moving retirement funds to a Roth IRA.

In this episode of Behind the Wealth, Roger and Elias break down recent trends showing more 401(k) investors shifting toward cash and bonds — and what that might signal about market sentiment heading into year-end. They also discuss a new report showing record-high credit card debt among Gen X and Millennials, and how rising balances could affect financial freedom down the road. Then, listener Jason asks: “We're 45, debt-free, and investing heavily in our 401(k)s — should we put our extra savings into a taxable account or boost our contributions?” The team explores how tax diversification, accessibility, and flexibility all play a role — especially for anyone eyeing early retirement before age 59½. Tune in to learn how to balance security and opportunity, avoid emotional moves, and keep your wealth strategy adaptable for whatever comes next. Get started on your path to financial freedom. www.premieriwm.com  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. Premier Investments & Wealth Management and LPL Financial do not provide tax advice, please consult your tax professional. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. All performance referenced All performance referenced is historical and is not a guarantee of future results. All indices are unmanaged and cannot be invested into directly. 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.

In this episode, Dr. Jackie Meyer and Acen Hansen discuss the intricacies of the Backdoor Roth IRA and the Mega Backdoor Roth strategy, emphasizing the importance of tax-free growth for wealth accumulation. They explore common misconceptions about Roth IRAs, the mechanics of contributions and conversions, and the significance of legacy planning. The conversation also touches on financial myths and offers insights into effective tax strategies for high-income earners.

There are all sorts of headlines telling us we need to have 1.8 million dollars to retire. That is turning out not to be true. Like this episode? Hit that Follow button and never miss an episode!

Real money talk - student loans, $600 car payments, and the trap of “saving” without investing. We react to YouTube advice about how simple choices (Roth IRA, index funds, and automatic contributions) turn $10k into real progress, why “always be buying” beats timing the market, and how to build a wealth force field that buys time, options, and peace of mind. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠NordVPN.com/MONEYGUY⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Join the community built to help you master your money, stay accountable, and reach financial freedom.

Jackie joins our friends to the north in Canada for a live taping of TD Direct Investing's 'Inside Investing', turning her late-starter playbook into a friendly masterclass for Canadians and Americans alike. Host Rob Moysey tees up her arc—divorce in her 30s with ~$20k in retirement savings, millionaire a decade later, retired at 49. Jackie fills in the human bits: purpose after FI, why 'precision is not required,' and how a BetterInvesting club cured her market fear.  She also walks through:  The simple engine that did the work: Maxing out an employer retirement plan, Roth IRA, and HSA in low-cost index funds The math behind her Financial Independence target (25× annual expenses ≈ $1M on ~$40k/yr) How she kept joy in the journey while saving ~$3k/month The kicker: despite five years of withdrawals in retirement, her net worth rose from $1.3M (Dec 2019) to ~$2.1M (July 2025). The message lands like a hug and a nudge—know your numbers, automate the boring stuff, and retire TO something.  

Jim and Chris discuss listener questions on spousal Roth IRA eligibility, backdoor Roth contributions using a solo 401k, Social Security timing, post-tax contributions to an IRA and 401k , and an HSA strategy coordinating withdrawals with Roth conversions.(9:30) George asks whether he can contribute to a spousal Roth IRA after his retirement if his wife […] The post Spousal Roth, Backdoor Roth, Social Security, Post-Tax Contributions, HSA Strategy: Q&A #2542 appeared first on The Retirement and IRA Show.

Don answers six listener questions covering CD ladders vs. bond funds, global diversification for young investors, allocation shifts for early retirees, HSA documentation rules, 529 plan comparisons, and whether Dave Ramsey-style portfolios need bonds. He closes with practical guidance on holding cash for opportunities and a reminder about the value of disciplined, evidence-based investing. 0:10 Friday Q&A intro and how to send in questions 1:51 Are CD ladders a good replacement for bond funds? 3:37 How to build a disciplined CD ladder and avoid rate-timing mistakes 3:41 A father asks how to diversify his daughter's Roth IRA beyond VTI 5:48 Couple planning early retirement—asset allocation and 72(t) options 9:41 Why bonds exist: emotional stability vs. return chasing 11:29 The case for international diversification 11:29 Long-term HSA strategy and what to do without old receipts 14:32 How to recreate expense records and save PDFs going forward 15:26 Which 529 plans are best for kids aged 2–12? (Utah vs. Schwab) 17:28 Dave Ramsey investing myths and the real purpose of bonds 20:36 When to start adding bonds—take the Talking Real Money risk quiz 21:00 Where to park six-figure cash for car or property purchases 22:46 Short-term safety vs. yield trade-off Learn more about your ad choices. Visit megaphone.fm/adchoices

Will gold hit $5000 an ounce? With all the excitement surrounding the run up in gold this year it seems to be an easy target. However, as investors pour money into precious metals, such as gold, people have to remember that President Trump has pledged to stimulate the economy through tax cuts. The run up in gold has been due to investors that worry about the future of the dollar and other major currencies. Wall Street has labeled this the debasement trade. The dollar did decline in the first six months of 2025, but it has since stabilized. September saw a record $33 billion invested in exchange traded funds tied to physical gold. The excitement continues for gold buyers, but it is important to remember that normally during uncertain times investors will find safety in dollar denominated assets like treasuries that can push-up the dollar's value. The danger for gold investors is if the narrative shifts, gold could have a major decline. If you look back 165 years to 1860, you will see that gold has other multi-year runs but has consistently had a major bust after those run ups. Investors in gold should also look at what happened in 1979 with a major rally in gold but 3 1/2 years later all the gains accumulated had disappeared. Investors may want to take some of their profits because the higher gold climbs, the bigger the fall could be. In my view, $5000 per ounce for gold is a big gamble.   Great news, more working-class Americans than ever before are in the stock market. That does sound like good news, but then when you dig a little deeper, it is rather scary! 54% of Americans with incomes between $30,000 and $80,000 have taxable investment accounts. There are several reasons for this like no more commissions for trading stocks, the excitement of investing on certain social media sites, and it's so easy to trade stocks now as anyone who has a cell phone can pretty much trade stocks instantaneously. I remember an old saying from years ago that when your barber starts talking to you about stock tips that is the peak of the market. This seems to be where we're at today and unfortunately, these investors have only been investing for probably the last five years and have not experienced any long, lasting declines or turmoil in the markets. Many of these investors are simply trading stocks and don't understand the fundamentals of investing for the long-term. Some of them have experienced very good returns, not because of any specialized knowledge but because of the luck of picking some highflyers that have done well for them in the short term. In many cases, they do not believe it's luck and they feel they now know what they're doing. These investors probably have no idea what the earnings or debt is for the stocks they are trading. They just see that they continue to make money as they buy and sell. It is a shame because many of them are young investors from 25 to 45 years old and a big mistake could cost them years of compounding. Over my 40+ years of working in the investment industry I've heard the same story many times, and it never turns out well. When you try to help them understand how things really work in the investment world, they justify what they're doing with such statements as “this time it is different”. I wish these young investors would understand that investing in stocks and earning a 10% annual return per year is very good. I'm sure many who read this or hear the words I speak think I have no clue what they're doing, and they have a specialized technique that can't fail. When the day comes,  which it will, these investors will be left with a small amount of capital and not much time left to invest because they are now older and closer to retirement. Only then will they realize that their risky trading strategy proved to be nothing more than gambling!   Lower end consumers are having a hard time making their car payments With the rising cost of cars and higher interest rates, lower end consumers are falling behind on their car payments, and the numbers are starting to get a little scary. 14% of new cars that were sold to people had a credit score under 650, this is the highest percent going back to 2016. People seem to be getting in over their head as subprime loans that are 60 days or more overdue are at a record 6% this year. The number of repossessed vehicles is also climbing to a record not seen in 16 years to an estimated 17.3 million repossessed vehicles. Some consumers overbought a car probably due to a good salesperson and that new car smell that sometimes is hard to resist. Some consumers are starting to regret their new car purchase considering the average car payment is around $750 and 20% of loans and new leases are over $1000 a month. We will continue to watch this indicator along with others to verify that we are only seeing a slowdown of growth in the economy, rather than a declining economy. It's important to remember to be careful where you invest. It appears that some of these subprime loans for cars ended up in private loan deals that were sold as low risk because of no market fluctuation. The problem here is we are starting to see write-downs from publicly traded banks for bad loans and with private credit you might not know there is a problem until it's too late since they don't have to disclose the same info as these publicly traded companies.    Financial Planning: Upgrade Your Emergency Fund to an Emergency Plan When paychecks stop, as many federal employees are currently experiencing, having an emergency plan with multiple layers of liquidity is essential. The first line of defense is your credit card. When used strategically, it can buy you up to two months of interest-free spending since no interest accrues until after the statement due date. However, you don't want to carry a balance beyond that point. Next comes cash reserves, ideally kept in a high-yield Treasury bill money market fund, where your money earns competitive interest while avoiding state tax. Beyond cash, having credit lines such as a HELOC provides deeper, low-cost access to capital without forcing you to liquidate investments. These can take a couple of months to establish, and since they generally don't have origination fees, it's best to set them up before you need them. After that, investment accounts can serve as a secondary safety net. Taxable accounts may generate capital gains, but withdrawals are unrestricted. Roth IRA contributions can be withdrawn tax- and penalty-free at any age, and HSA accounts can issue reimbursements for qualified medical expenses incurred in prior years. In a true last-resort scenario, you can even access retirement funds through a 60-day rollover, temporarily using the cash before redepositing it. By layering these tools, from credit to cash to credit lines to investments, you build a structured, flexible liquidity plan that can withstand extended income disruptions and operate far more efficiently than simply keeping 12 months of expenses in a savings account. Companies Discussed: Ferrari (RACE), Papa John's International, Inc. (PZZA) Salesforce, Inc. (CRM) & Eli Lilly and Company (LLY)  

John asks if taking larger IRA withdrawals beyond his RMD to fund his daughter's Roth IRA makes sense as a strategy to reduce future RMDs, lower estate taxes, and pass on tax-free assets. Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms. 

In this episode, we discuss a tweak you can make to your investing strategy to (hopefully) improve your long-term financial outcomes. If you have a Roth IRA or Roth 401(k), this episode is for you. To book a free breakthrough session with Bill, visit https://pacesetterplanning.com/contact

Year-end can either drain your wallet or sharpen your plan. We chose the latter and mapped out a clear, 15-minute money tune-up you can run before the holidays hit full speed. We start with practical steps to tame seasonal spending—set a simple gift cap, try a family name-draw, coordinate with grandparents, and lock in travel numbers—so December doesn't turn into a last-minute splurge-fest. With your holiday budget set, we pivot to boosting savings the smart way: adjust 401(k) contributions after pay changes, consider Roth options for tax flexibility, and automate a Roth IRA so you're not scrambling at tax time.Markets have been strong, which makes rebalancing more important, not less. If large-cap growth has crept beyond your target, we explain how to trim gains and add to value or international to keep risk in check. Nearing retirement? Bonds aren't just ballast anymore. With yields back, fixed income can provide income and act as a shock absorber when stocks get jittery. We share a practical guideline for increasing bond exposure as retirement approaches and how to tailor it to your timeline and withdrawals.Open enrollment is your once-a-year chance to upgrade benefits. We break down the high-deductible health plan plus Health Savings Account combo, the triple tax advantages, and a strategy to invest HSA dollars for those expensive pre-Medicare years if you want to retire early. We also cover using up FSA balances on preventive care you might be delaying. To wrap, we streamline your financial footprint: consolidate old 401(k)s, reduce logins, and manage every account under one unified allocation so your portfolio works as a single, coherent plan.If this helped you steady your year-end money plan, follow the show, share it with a friend who needs a nudge, and leave a quick review—tell us the first task you're tackling today. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Could a reverse mortgage be a widow's best friend?Since women typically outlive men, many will one day carry the financial load alone. Today, Harlan Accola joins us to explain how reverse mortgages have changed and why they can offer widows stability, dignity, and confidence for the years ahead.Harlan Accola is the National Reverse Mortgage Director at Movement Mortgage, an underwriter of Faith and Finance. He is also the author of Home Equity and Reverse Mortgages: The Cinderella of the Baby Boomer Retirement.The Longevity ChallengeMany people still carry outdated assumptions about reverse mortgages. Some believe they're risky or predatory—especially for widows. However, over the years, these products have undergone significant evolution, incorporating new safeguards that make them a secure and compassionate option for many older adults, particularly surviving spouses.Women tend to outlive their husbands, often by several years. That creates what financial professionals call longevity risk—the challenge of stretching resources over a longer life. Couples frequently plan their finances assuming they'll live out retirement together, but the reality is that many widows face 2–10 years of life on their own, often with reduced income.For many, a reverse mortgage can bridge that gap. By allowing homeowners age 62 and older to access the equity in their homes without monthly payments, it provides a steady income—especially for those who want to remain in their homes.The reputation of reverse mortgages has improved dramatically since the early days. When the FHA introduced the program in 1988, some borrowers made unwise choices—like removing their spouse from the home title—which left surviving spouses vulnerable.Thankfully, that changed in 2013. Federal law now requires that both spouses be listed on the loan and protected by it. This safeguard ensures that a widow can remain in her home for as long as she wishes, without fear of foreclosure or forced sale.Dignity and Security for the Years AheadWhen a husband passes, household income often drops by around 40%. If a traditional mortgage payment remains, that financial burden can force a widow to sell her home. A reverse mortgage eliminates that risk by converting home equity into income—allowing her to stay in the place she loves, surrounded by memories, with dignity and financial stability.For widows, that security is invaluable. It turns a house into a lasting home, ensuring that the twilight years can be lived not in fear, but in peace.To learn more about whether a reverse mortgage could benefit your situation, visit Movement.com/Faith.On Today's Program, Rob Answers Listener Questions:I'm trying to find information about a Christian savings and loan, but I haven't been able to get the contact details. Can you point me in the right direction?I don't feel like I have enough savings to handle a real emergency. I'm working both full-time and part-time jobs just to keep up with bills, plus I'm trying to pay off student loans and credit cards. I feel stretched thin and don't know what to do next.I called before about my advisor and wanted to give you an update. Now I have a question: I have a 401(k), a traditional IRA, and a Roth IRA—each with about $100,000. When I retire, do I need to withdraw from one before the others, or is there a better strategy for taking distributions?I recently changed jobs and left my 401(k) with my former employer, which is now closing its doors. Should I roll that money into my new job's plan or transfer it elsewhere? I'm not very familiar with managing investments myself.I currently have a moderate growth account with a steady income, but I'm considering withdrawing the funds. Would CDs be a safe place to move that money, or do you have other suggestions?I need help finding affordable health insurance on a limited income. I have some past health issues, and I'm worried about being penalized. Where should I start looking?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)Movement MortgageChristian Community Credit Union (CCCU)HealthMarkets | Healthcare.gov | eHealth | HealthSherpaWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Send us a textWe break down how high earners can legally fund a Roth IRA using the backdoor method, why it matters for business owners with variable income, and where people go wrong. We share the exact steps, the pro rata trap, and the one IRS form you must not miss.• difference between Roth and traditional IRA and why Roth can be better for many• who needs a backdoor Roth due to income thresholds and phaseouts• step-by-step process to contribute and convert quickly• role of advisors and importance of coordinating with a CPA• risks of direct Roth contributions when over the limit• business owner income swings and AGI versus take-home pay• the pro rata rule if you hold pre-tax IRA balances• filing Form 8606 to track non-deductible basis and conversions• the value of proactive planning before year-endWe created a monthly accounting program where you hop on a one-hour call with us every month to tackle bookkeeping, tax planning, business decisions, basically anything you need… or just email us at carson@sandsco.netSupport the showCreate a STAN Store - Click here to try it out!Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!Shop our business guides!Our Instagram PageOur family page

David McKnight addresses something that can make or break your Roth conversion strategy: how you actually pay the tax. David kicks things off by sharing that Federal and state estimated tax payments are usually made in four equal installments: April 15th, June 15th, September 15th, and January 15th of the following year.  Did you know that doing a Roth conversion in December, like many people do, will lead to the IRS pretending that income was earned evenly throughout the year? If you don't account for that, you could get hit with an underpayment penalty (8% of the underpaid amount). David goes over different ways you can handle the tax payment.  The first way is to pay it using cash or a taxable brokerage account – this allows the full conversion amount to move from IRA to Roth IRA. By doing that, you're essentially using your least efficient dollars, from a tax efficiency perspective, to catapult 100% of the converted amount into the Roth IRA. David touches upon the IRS Form 2210 Schedule AI, which informs the IRS of the fact that your income was uneven and it can wipe out the penalty for the first three quarters of a year. The second way is to withhold the tax at the time of conversion. While this method helps prevent the risk of penalty (and you don't have to file extra forms) it comes with a downside: less money ends up in the Roth IRA. Thirdly, you could make a second IRA distribution and withhold 100% for taxes. David shares a word of caution: when using this approach, you don't want to bump up into a higher tax bracket, especially if it's a jump from the 24 to the dreaded 32% bracket.     Mentioned in this episode: David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track DavidMcKnight.com DavidMcKnightBooks.com PowerOfZero.com (free video series) @mcknightandco on Twitter  @davidcmcknight on Instagram David McKnight on YouTube Get David's Tax-free Tool Kit at taxfreetoolkit.com

Today on the podcast, the 4-week entrepreneur series where I dive into the entrepreneur's biggest business lesson continues. We're joined by Brooke Busi, Certified Financial Educator and founder of Brooke Builds Wealth, a company dedicated to making financial literacy simple, accessible, and empowering (especially for women). Brooke's story is one of resilience and reinvention. From navigating a life-changing injury to transforming her background as a teacher into a thriving financial education business, she's proof that it's never too late to start building wealth intentionally. In this conversation, we talk about:

Investing isn't just about returns—it's about reflecting what we truly value.Our faith is meant to guide every area of life, including how we invest. When our hearts are set on God, our investing reflects His priorities—caring for creation, serving our neighbor, and letting what we treasure shape how we steward His resources. Tim Macready joins us today to talk about a “theology of investing.”Tim Macready is Head of Global Advisory at BrightLight, a division of EverSource Wealth Advisors. A Theology of Investing: Bringing Faith to Financial DecisionsMost people view investing as a financial act—an attempt to grow wealth, manage risk, or secure a comfortable future. Yet Scripture invites us to see investing as something much deeper: a spiritual act rooted in stewardship, love, and worship.A theology of investing reimagines financial activity not as separate from faith but as an expression of it. It calls believers to bring their heart, head, and hands together, transforming investing from a pursuit of profit into a practice of discipleship.Theology simply means the study of God and how what we learn about Him shapes the way we live. Applied to investing, it means aligning financial decisions with biblical truths about creation, stewardship, and love for neighbor.Faith is not only a matter of belief—it's a matter of lived action. When we view investing through this lens, we begin to see it as part of our calling to manage God's resources wisely and to use them in ways that bring about human flourishing and reflect His goodness.The Creation Mandate and the Purpose of InvestingThe story begins in Genesis 1–2. Out of His divine goodness, God creates a world filled with potential and beauty, then entrusts humanity with the task of cultivating and developing what He made.Investing participates in that same creation mandate. It takes the resources God has provided and reallocates them so that they become productive—fueling innovation, creating jobs, and contributing to the flourishing of communities. Financial returns become a byproduct of faithful stewardship rather than the sole objective.Through investing, believers join God in bringing order, beauty, and abundance to His creation.Some assume investing is little more than glorified gambling, but the two could not be more different. Gambling is speculation—a zero-sum pursuit driven by chance. Investing, on the other hand, is a form of stewardship. It seeks to grow what God has entrusted by putting resources to work productively in the service of others.Faithful investing recognizes that capital is not an end in itself but a tool for participating in God's creative and redemptive work in the world.Loving God and Neighbor Through InvestmentWhen Jesus summarized the law, He tied together two inseparable commands: love God and love your neighbor (Matthew 22:37–39). Investing offers a tangible way to live out both.By directing capital toward enterprises that meet real needs, create employment, and improve lives, investors can participate in the biblical call to love their neighbor. Investing becomes a form of generosity—an intentional choice to place capital at risk so that others may benefit and communities may thrive.When guided by love, investing ceases to be a self-focused pursuit and becomes a practice of service and shared flourishing.In Matthew 6, Jesus teaches that “where your treasure is, there your heart will be also.” That truth reveals not only that our spending reflects what we love, but also that our hearts are shaped by where we invest.Our financial choices form us. Every investment helps build something—industries, technologies, and cultures. Those choices shape what we value and the kind of world we participate in creating.If the heart is anchored in Christ, investing becomes a means to align one's desires with discipleship, ensuring that financial growth serves God's purposes and the good of others.In modern markets, investing often feels impersonal. Index funds and digital platforms can make financial activity seem detached from real lives. Yet every investment still represents a relationship—people on both sides working, creating, and depending on one another.Recovering this relational awareness reminds believers that investing is not merely an economic transaction. It's a moral and spiritual act that affects individuals and communities made in God's image.From Portfolio to WorshipScripture consistently warns of wealth's dangers—not because money itself is evil, but because it so easily tempts us to trust it instead of God. As C.S. Lewis observed, the comforts wealth provides can dull our sense of dependence on the Lord.Greed, the Bible says, is a form of idolatry (Colossians 3:5). When money becomes our source of security, it quietly replaces the Provider Himself. Biblical investing begins with the opposite conviction: everything belongs to God, and we remain utterly dependent on Him for every good gift.A single strategy or product does not define faithful investing. It is marked by intent—by the desire to align financial decisions with God's purposes.That may mean avoiding investments that exploit others or harm creation, or seeking out opportunities that promote dignity, justice, and flourishing. Sometimes it might even mean accepting lower returns for the sake of love.Ultimately, profit is more than numbers on a page—it represents the fruit of faithful stewardship in a mutually beneficial exchange that honors God and blesses others.When believers see investing as part of their discipleship, it transforms the act itself. No longer about accumulation, it becomes about participation—joining God's ongoing work of renewal in the world.Faithful investing asks deeper questions:How does this investment serve my neighbor?How does it reflect the beauty and justice of God's Kingdom?How does it shape my heart toward or away from Christ?When those questions guide our portfolios, investing becomes more than a financial decision—it becomes an act of worship.On Today's Program, Rob Answers Listener Questions:I'm looking to tap into my home's equity to cover some needed repairs. My roof is nearly 20 years old, and the house also needs painting. I owe approximately $167,000, and the home is valued at around $375,000. I found a company that offers a credit card tied to home equity—no upfront cost —and they claim approval takes only 15 minutes. What do you think about this option?I have two kids in their early and mid-20s, and I'm encouraging them to start investing in a Roth IRA, even if it's just a small amount. Where can they open one without high fees eating into their contributions? We're not very experienced investors, and I've heard you mention Sound Mind Investing—would that be a good place to begin?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)Sound Mind Investing (SMI)Schwab's Intelligent Portfolios | Betterment | FidelityWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Are you worried it's too late to start building wealth? In this episode, financial expert Eric Mangold shares practical advice for late bloomers and anyone looking to secure their financial future. Learn why it's never too late to start investing, steps you can take no matter your age, and how customized strategies can maximize your wealth. Eric also covers tips for young investors and the importance of tax planning in a strong financial plan. Subscribe for more firsthand financial expertise and actionable advice!

Keith discusses the rising cost of the American dream, now estimated at $5 million, due to inflation and housing prices.  He highlights the affordable housing crisis, with more Americans living in RVs and homelessness up 18% since last year.  The NAR's "Best Week" report highlights the benefits of buying during this time, including lower prices and more favorable terms. Resources: IMPORTANT: GRE mobile app listeners - Switch to listening to the podcast on the  Apple Podcasts or Spotify app, as the dedicated GRE mobile app will be discontinued at the end of the month. Check out the free video course on real estate investing at getricheducation.com/course. Show Notes: GetRichEducation.com/575 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   welcome to GRE. I'm your host. Keith Weinhold, the American dream now costs $5 million learn just what that will mean for you. The beauty of 50 year mortgages, then after 11 years, I share the most depressing thing I've ever said on the show today on get rich education.   Keith Weinhold  0:26   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre or send a text now it's 1-937-795-8989, yep, text their freedom coach, directly. Again, 1-937-795-8989,   Corey Coates  1:39   you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:55   Welcome to GRE from Norwich, Connecticut to Norwich, North Dakota, and across 188 nations worldwide, you're listening to get rich education. I'm Keith Weinhold. You probably know me by now, but if you're new, I am an active member of the Forbes real estate Council. You can see my work in the USA Today. And of Paramount import, I am an active real estate investor. We're talking about America's top shaved mammal on a microphone here, but suffice it to say, this mammal has at least shaved just how can this slack jawed mammal persist in this environment? Well, I don't know, but I've been doing it here for more than 11 years now. More on that later. This is episode 575, and each episode's release is a bigger deal than releasing the Epstein files. Today is no exception, although today's show release will get fewer people in trouble than the release of the Epstein files. Speaking of people in trouble. It is the middle class. It's the average American and the average Canadian too, because it now costs $5 million to fuel the American dream. But yet, at the same time, hordes of people are now going the other direction, and they're getting poorer. The affordable housing crisis that we've talked about here seems to probably still have not reached its crescendo. Or perhaps, if you know music, it's the opposite a diminuendo. Things are getting to a low point. How bad is it? Getting well priced out of a permanent home. More and more Americans are living full time on RVs, not like nice, fancy RVs either. Beaters. 486,000 Americans are now estimated to live in RVs because they are out of options. And the more soul crushing part of this is that that number has more than doubled just since 2021 I've got two minutes of astonishing audio footage of this to share with you shortly about the RV living homelessness is up 18% Since last year, that figure is sourced by HUD. HUD has the best stat set on homelessness, and that's a problem that's increasingly visible in your own city, more likely than not. And you know, I have personally gotten into more than just surface level chats casually with food servers and baristas, just these quick chats with them. And you know what they divulge to me, that they're living in their car. Yeah, I'm not probing and asking about that sort of thing, but they just share that with me, yeah, food servers and baristas that I just met. They will often tell me that they're living in their car within five minutes of chatting with them, and when they do that, by the way, it also makes me wonder if they're trying to get me to feel bad for them, and they're freely telling me that just to get a tip from me. Well, today, mobile homes are even being coveted. I mean living in a trailer park that is affordable housing. We covered that on last week's show now the real estate company Redfin and Ipsos, they conducted a survey of more than 4000 US homeowners and renters, and they asked respondents about the struggle to afford housing. And it was astounding to learn that to string together a life where they have stable housing, how people are doing all these things, they're delaying having children, they're getting rid of their pets, and some are going through the discomfort of living with an ex spouse just to have affordable housing, as far as what is now almost half a million Americans living full time on RVs and growing since they can't afford a home. NBC covered this, and it is sad. Let's listen into just how squalid the living conditions are, quickly profiling two people as this reporter goes on their tiny RVs. I mean, as you listen to this, okay, keep reminding yourself, keep telling yourself this is America today. And as you'll see, this isn't even in a high cost part of the nation that we're about to profile here again, tell yourself this is America today. Well, this NBC field reporter gets shown the insides of two different RV units by two separate owners, each living by themselves, first a man and then a woman. This is about two minutes in length    Speaker 1  6:53   for Gus Francis. This is home a 20 year old camper he bought for $5,000 parked in an RV lot in Graysville, Tennessee, just north of Chattanooga. I got all my rosaries for protection everywhere. Books, books, books. now retired, he worked for decades as a commercial diver and hoped to live closer to his widowed mother, but when he sought a more conventional home, I just can't see how people with their normal job making 15 bucks an hour can afford an apartment without multiple roommates. Meals are made in the microwave, the stove unused for fear of a gas leak. Right next door is Debbie Williams. She sold her house in Kentucky to be closer to her grandchildren, but housing prices near Chattanooga increased by almost 50% since 2020 apartments are like about 1200 a month, but then you got your utilities to pay. This is permanent, plus it include is like 550 a month includes electric water, saving over everything. It includes everything. Debbie works nights, helping adults with disabilities, and says she likes her setup, even if the exercise bike doesn't fit inside. Okay? I like my shower. It's really nice. And then my bedroom, Debbie and Gus now among the nearly half a million people in the US living in RVs full time. I sometimes thought, Man, if I could have saved more money in the past. But what it was is, I don't blame myself, either, because I raised four kids with no child support, despite the tight quarters, plenty of room to build a community that matters. Ellison Barber, NBC News, Graysville, Tennessee   Keith Weinhold  8:46   gosh, cramped and modest conditions there again. Tell yourself this is America today, and see, here's the thing. From all outward signs, these two people profile. They're not substance abusers. They're not criminals that can't get a job. These are American workers that have been productive people throughout their lives. The first guy, Gus said he worked for decades as a commercial diver, and that part of Tennessee, it's not a place in the nation where the cost of living is exorbitant, either the crux of the problem here is not just the wave of inflation that started in 2021 the essence of it is the fact that inflation has outpaced wage growth. Will you ever get to having a $5 million net worth? Because that's what it takes to live the American dream today. Now, a while back, I told you how, if you amass $5 million really that's the number, that's the threshold where you could probably stop working and just invest such that you could live off it forever. But inflation. Changes that and it keeps upping that number. Well, since then, Investopedia recently came up with this $5 million price tag that's just for living the American dream in today's dollars. Let's look at what that really means, and then we'll add up the spending categories. This is really interesting. All right, the definition of the American dream. What that means is owning a home, raising two kids, retiring comfortably, and maybe throwing in an annual vacation or two. So a nice life, for sure, but nothing extravagant and okay, yes, there is this other angle of like, Money cannot buy the best things in life, and that's true. There's a lot to be said for that, but this is not a relationships in a dating show, okay? So that's why I'm covering the financial angle here, and later today, I'll tell you how much the typical American makes throughout their lifetime, which is much less than 5 million bucks. But to get to that exact $5 million total, which is the least that you now need in net worth, the estimated lifetime costs of eight milestones most often associated with a dream were added up by Investopedia. And now, of course, everyone's dream is different, and housing costs differ nationally. But, I mean, this is pretty reasonable. Here they are. This is how much it takes for each of them today. And I'm doing some rounding retirement, over $1.6 million that's what it takes now. Healthcare, 414k this is all spent over the course of your lifetime, a wedding 38k And I hope that is wedding singular, not weddings plural, owning a home, 957k raising two children and paying for college that costs. 876k and then owning a new car, that is another 900k Yeah, that sounds like a lot, but that will include costs of financing and insurance and depreciation on cars throughout your life, and then a yearly vacation is 180k throughout your life, and pets, 39k All Right. There it is. That is the $5 million total for the American dream. And again, that is only in today's dollars. Inflation will, of course, make all of these future costs run up. All right, housing is really the biggest part of the dream. I mean, second to retirement anyway, all right. Again, the lifetime cost of housing, like I said, is 957k just a year ago, it was 930k okay, well, the national median list price of a single family home is about 430k I guess that makes sense. Most people live in multiple homes throughout their lives. Well, the price per square foot is up 50% just since 2019 that is what is pricing people out. That is what is making people become your renter instead of a homeowner. Well, this $5 million required for the dream, that is why more people are homeless or more people are living in RVs. This means that the demand for the product that you're providing to the marketplace affordable housing, that demand is considerable, and that demand is durable, and the median lifetime earnings for one American with a bachelor's degree is only $2.8 million. All right, so that's just over half as much as it takes to live the dream. But here's what's appalling. Are you ready? Here we go. This could be the most depressing and concerning stat you've heard on this show, maybe one of the most depressing and concerning in your entire life when you really think this through. All right, now, what do you think of as sort of a model for someone that is stable? How about both married and a homeowner? I mean, yeah, they're two big markers, married and home ownership that is foundational stuff when your kids grow up to be adults, if they become married in a homeowner. I mean, come on, who would be disappointed with that? That would probably make you feel proud and fulfilled. I mean, the future of the nation that is children and stable household formation material, right there. Well, by age 30, how many people do you think are married in a homeowner today, and how has that changed over time? What do you think this is the percent of 30 year olds who are both married and homeowners in the US? Right back in 1950 it was 52%.  today Okay, it is just a quarter of that. Only 13% of American 30 year olds are married homeowners today. Gosh, is that appalling? Or what? I mean, it doesn't exactly give you hope for the future, since Owning a home is a key pillar of the American dream, then the best thing that our local, state and federal lawmakers can do is to make it easier to build new housing. That is one of the most depressing stats I gave in 11 years of doing the show, probably the most depressing another thing we can do is not protest or block new development, no nimbyism.    Keith Weinhold  15:45   Now, earlier this year, the White House announced that they are considering declaring a national housing emergency. In fact, you saw me put a link to that in the section of our newsletter that we call the five, though we haven't seen a national housing emergency declared yet. If we do it all, the motivation behind it is largely to make housing affordable. One piece that's been floated out there is the introduction of a 50 year mortgage so that way mortgage payments are spread out and made lower than they are with the most popular mortgage in America today, by far, the 30 year fixed rate mortgage. Now, I wouldn't say that a 50 year mortgage is eminent and is about to happen. We can't say that, but it could be creeping closer. I mean, a 40 year mortgage that is already more of a thing. You've got 40 year HUD loans and 40 year DSCR loans both already here for residential property. We do know that buyers buy property more so based on a payment than they do the overall price of the property. Now look, I'll tell you if I could somehow magically snap my fingers and convert all of my 30 year mortgage loans over to 50 year loans. Oh, I sure would. It would lower my payment and increase my cash flow. Yes, my debt would hang around longer and well, we're right back to, you guessed it, financially free beats debt free. Let's run that comparison on a 300k loan at 6% interest, a 30 year mortgage payment, that is 1800 bucks a month, but on a 50 year loan that would be just 1580 Yeah, $1,800 versus 1580 1580 Well, that is going to boost your cash flow by $220 a month on that property, just by going from a 30 year to a 50 Year at the same interest rate. So maybe not as much of a difference as you thought, but probably worth doing, at least in the mortgage world debt free. I mean that concept of debt free that makes most people, in exchange for that debt free condition, grind and toil and work overtime and lose family time and eat dirt for decades because inflation and all these other forces work against them. And yes, this is just with mortgage debt that I'm talking about here. Of course, some debt is bad, like unsecured, high interest rate credit cards or doing a buy now, pay later, plan on a pizza that you split into four payments. That's ridiculous. And those are the type of debts you've also got to pay yourself. That's not what we're talking about here. In fact, it gets even worse for the mortgage debt free person. That extra $220 you're paying by having a 30 year loan instead of a 50 year loan, that would mean you're accumulating more dollars in home, which are illiquid. And again, 50 year loans don't exist yet, but understanding this concept and this trade off helps you be a better investor. Look, a debt free person can still be broke in the short term if they have a meager income, and they can be broke in the long term if they are not leveraging assets and debt. Being debt free, that is like bragging that you quit the gym so that you'll never pull a muscle again. I mean, you're safe for now, but you're going to be weaker in the long run. Let's use a different example. Let's just run a different set of numbers. Let's say you've got a 400k mortgage at three and a half percent interest, though your monthly payment is 1796 on a 30 year fixed. Some people think, Oh, if I just throw an extra $1,000 a month at this, I'm going to be debt free years sooner. And the truth is, yes, you will save 90k in interest, and you are. Going to own the house outright earlier. But what's the opportunity cost if that same 1k a month went into investments earning even 7% annually, after 15 years, it grows to about 311k   Keith Weinhold  20:16   Well, that is more than three times the interest savings, which again, was only 90k so for some paying off the mortgage early feels like some sort of emotional win, but it is rarely the best financial win. I mean, that is like benching LeBron to save money on Gatorade. I mean, that is a bunch of nonsense. So debt free is the floor. Financially Free is the ceiling. I mean, do you know about those popular call in shows where people are advised to lower their standards, diminish their quality of life, not go on vacations in order to get debt free? Oh, dear. I mean, those shows have got to be screening their callers closely to ensure that no one savvy actually gets on the air. Somebody, hey, how about you? Why don't you get on the air? Get on that show. Ask them some tough questions about getting mortgage debt free. You tell them yeah. Tell them that your ROI on all that equity is zero because home values change regardless of equity positions. Tell them that a home is never paid off because you'll still owe property tax and maintenance and repairs and utilities and maybe insurance and an HOA. Tell them you lost the gift of inflation eating your debt while you sleep. Tell them mortgage interest is often tax deductible. Tell them that their leverage is gone, and all these facts, every one of those I just stated, they're now figuratively not just talking. They're yelling. They're screaming now, because markets of all types are at all time highs. So instead, if you had used those funds to pay off a property, they would have really missed out on earning big returns for years elsewhere, a steep opportunity cost. Suffice it to say, I would love to see the widespread adoption of 50 year mortgages, and I would use them. The other thing that would happen is that it would make home prices rise further, because more people can afford the lower payments to bid up the price. So actually, here's something that I'm wondering about with you. Did you ever have a paid off property, and then realize all of this, and then go and get new financing on it again. Have you ever done that? If you have that would be really interesting. Let us know if you've had a property in a paid off position, realized the vulnerability and the opportunity cost of having all that illiquid equity, and then you went and put debt back on it. Let us know at get rich education.com/contact. That's get rich education.com/contact. Like Ridge lending group knows this when I have chili ridge here, like she and I discussed, you even get the cash chunk out tax free. And here's what else is interesting about this. Just say you know how out in the world of real estate agents, where people are buying and selling property, well, whenever a buyer's agent knows that that listed property is owned by a seller that still has a mortgage on it, well the assumption is that the seller, well, they might be a little more motivated to sell since they have to make mortgage payments on that property that they might not even be occupying anymore. Well, that is backwards. In most cases, you should be more motivated to want to sell a property if it's paid off because you've got all that dead equity in it that needs to be released through that sale. So really, a listing agent should be thinking, this seller has got to sell this property with urgency, if for no other reason, because he or she has lots of equity in that property. That's how to think about it. The world has it 100% backwards. That mindset is 180 degrees from the truth coming up next.    Keith Weinhold  24:25   Did you know that this week? Yes, right here in mid October every year is historically the best week of the year to buy a home. Also, what's it like behind the scenes here on the microphone? I've got that and more straight ahead. I'm Keith Weinhold. You're listening to get rich education,    Keith Weinhold  24:44   if you're scrolling for quality real estate and finance info today, yeah, it can be a mess. You hit paywalls, pop ups, push alerts, Cookie banners. It's like the internet is playing defense against you. Not so fun. That's why it matters to get clean. Mean free content that actually adds no hype value to your life. This is the golden age of quality email newsletters, and I write every word of ours myself. It's got a dash of humor, it's direct, and it gets to the point because even the word abbreviation is too long, my letter takes less than three minutes to read, and it leaves you feeling sharp and in the know about real estate investing, this is paradigm shifting material, and when you start the letter, you'll also get my one hour fast real estate video, course, completely free as well. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be simpler to get visit gre letter.com while it's fresh in your head, take a moment to do it now at gre letter.com Visit gre letter.com    Keith Weinhold  25:55   the same place where I get my own mortgage loans is where you can get yours Ridge lending group NMLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Caeli Ridge personally, while it's on your mind, start at Ridge lending group.com. That's Ridge lending group.com. Hi.   Russell Gray  26:29   This is Russell Gray, co host of the real estate guys radio show, and you're listening to get rich education with Keith Weinhold. Don't quit your Daydream.   Keith Weinhold  26:36   welcome back to get rich Education. I'm your host. Keith Weinhold, there's a lot to look forward to in future months here on the show, new content from me, new prominent guests, the return of some favorite guests, a live event to tell you about and our annual home price forecast show, where I'll also reveal if last year's GRE home price prediction for this year came true or not. I have got to say I have nailed it to the exact percent a few years in a row now. But if you remember, before this year began, I forecast 5% national home price appreciation for this year. We will see how that turns out, but home prices are only up one or 2% year over year so far. Yes, not only do I make the forecast, I actually follow up with the previous years to check the accuracy. Don't you wish everyone did that? Well, it is October, and it's the month where you got to be ready to defend your love of candy corn and the same Americans complaining about inflation also bought a 40 foot skeleton for the front yard. Well, the best time to buy a home, historically, is this week this year. It happens to fall on October, 12 to 18th, as it turns out. Why would that be? It sounds kind of random, doesn't it? Well, the NAR recently reported on this, and this is what they give, a three word moniker, aptly named the best week. That's what they call it, the best week. Now, this applies more to primary residences into one to four unit investment property, but it's a little applicable to apartment buildings too, and this really helps you understand real estate buying, selling and consumer nature. Historically, this week offers the most favorable balance of market conditions for buyers. This is when inventory tends to be elevated. Prices typically dip below their seasonal peak. The buyer competition slows, and just the overall pace of the market becomes more manageable. Again, quote, unquote, the best week this seasonal shift every year, it's influenced by school schedules and even weather patterns. Housing activity typically ramps up in the spring. It peaks in the summer because a lot of families try to move while children are out of school and the desire to settle before the new academic year that's back when you've got the warmer weather and the longer daylight hours, and you got these curb appeal enhancements from Lush summer foliage that also makes spring and summer an ideal time for showings in inspections, that adds further momentum to the summer surge. These sort of things actually matter. But then the calendar shifts into fall, and demand naturally tapers off. Every year you got families with school age children that exit the market, and then the remaining inventory begins to linger longer, and prices respond by dipping below peak levels. And homes tend to stay on the market longer. This happens every year. That makes for conditions that benefit late season buyers. So listings tend to become more plentiful now each October inventory levels, they tend to peak in early fall, and that's why it's about the best time to buy. You have less competition from other buyers, home buyer shopping during again, what is called the best week, you should expect less competition. Properties tend to attract the most viewership per listing early in the spring, and that's when buyers trickle into the market before the inventory picks up. And then the summer ushers in both more homes and more shoppers, and that means that buyers face quite a bit of competition in the summer, so the best week that should offer more time for buyers to deliberate, and it can mean that sellers are more eager to compromise. And the numbers back that up historically that this is the peak week for price reductions. So what can you do if you're potentially in the market? You might want to hit up gre investmentcoach.com and have our coaches connect you with the right income property if that's the right move for you, and doing that is totally free. In fact, most listeners buy their first income property that way. In fact, if you had a good experience with a GRE investment coach, go ahead and tell a friend about it. Now, let's say that you had $1 back in the year 1995 so you've got a green dollar bill in your pocket 30 years ago. All right. Well, what would happen to your dollar if you saved it versus putting it in stocks versus putting it in real estate? What do you think would happen in each of those three scenarios? Let's do it. Let's compare well, because of inflation, your dollar would be worth less than 50 cents if you had saved it, yeah, it would have just 47 cents worth of purchasing power today. Instead, if you had put it in the s, p5, 100, your dollar would have seen some pretty significant growth. It would be worth $19 today. That's how stocks have performed over the past 30 years. But what about real estate? Well, there are so many ways to do it specifically. What if it were a rental property where real estate pays five ways, not just one or two like stock. What kind of return can you expect from real estate? Well, when you add up all five ways, just using historic norms like classic rates of appreciation and a four to one leverage ratio, you get 38% as a total rate of return in year one. And then that rate starts to fall because equity accumulates. And if you're not initiated on that, and it sounds like such a high flying number, you can see my free video course that teaches you this at get rich education.com/course, the most valuable free course you've ever taken in your life. At get rich education.com/course, let's just get conservative and say so many things go wrong with your property that we're going to round that 38% all the way down to 20% per year. Yes, if you're new here, those sound like ridiculous rates of return. Anyone that's listened here for a while instead has been enjoying those rates of return if you bought right? I mean, you have so much more time and money in your life now, but at 20% ROI, your $1 from 1995 would be worth $237 today. Wow, and again, if it were saved under a mattress, it would be worth less than 50 cents, and in the sp5 100, just 19 bucks. This is a simplified way to demonstrate that compound leverage beats compound interest. I mean real estate beats stocks by more than 12x right there and see that's the type of multiplier that you're probably going to need on your money. Since it already takes $5 million to live the American dream, you might very well need $25 million over the next few decades, while the 401 K was created around 1980 the Roth IRA created in 1998 and the GRE podcast was created on October 10, 2014, and I trust that it's had a more positive impact on your life than any of those other vehicles.   Keith Weinhold  34:56   This means that I've released weekly episodes here for. 11 years, never missing a week at all, 52 weeks a year, and we've never replayed an old show either. I am here for you. Integrity means doing what you say you're going to do. Vedran, our sound engineer, has been here with GRE for 11 years as well. That is the team, the duo, that's been bringing you this show. And also, I didn't even tell my team here at GRE this yet, so I guess they'll learn now, the platform business rate just ranked us and awarded get rich education the best of the year, 2025 as a real estate school. Yes, we learned that this award is based on outstanding reviews from real customers, not nominations or votes, but the best of the year award comes from feedback through listeners just like you. Thank you for that, and thanks business rate this show and real estate investing, they are the main things that I do, and I expect to be here for you well into the future. Now, it's sort of funny here, kind of a paradox on the show I talk about income production that's largely passive, yet producing this show at a high level for 11 years here on this side of the microphone is not passive. It is highly active. I got a reminder of this recently when a doctor buddy of mine said he considers starting a podcast on the side. Let me tell you what I shared with him that is probably a terrible idea to launch an ongoing podcast where you'll constantly carve out the time to produce high quality week after week. That is not a side gig. 99% of those scenarios fail. You've got to deliver great new content yourself. You've got to have a network of guests to compliment you. You got to perform research and then cross check your research, because you've got to publish real, true information. You need a reliable editing solution. You need some organizational skills. You're going to need to hire some skilled and specialized assistance in the real estate world. You've actually got to get out into the field and visit cities in person to corroborate your research on the ground and go to in person conferences. I mean, there's a lot to do, but I did tell my doctor friend, you know, the good news is that there are alternatives to starting a show. There are a couple of them. In fact, first, you can do a 10 episode mini series on your area of expertise, host it on YouTube or Spotify and then send that link to clients. Another thing you can do is get yourself booked as a guest on someone else's show, and you'll pay a podcast booking agent to do that one strong guest episode that could do more than 100 of your own episodes ever could. So that's my guidance. In case you know any thought leaders that considered doing that, and what things look like from my view back behind the mic, it is not passive income, although my investing mostly is and another thing, if I've hosted a past guest on the show, and I get feedback from you or other listeners that they're not looking out for your best interest, or they don't want to do the property rehabs that they promised. Well, they are not coming back onto the show. Instead, we move on. I am here to do good and connect you only with providers that are doing good. Another show related announcement, and if you listen here each week through the get rich education mobile app. This is really important if you're listening to me right now on our dedicated mobile app, the hosting platform terminates at the end of this month, so you're going to have to listen in a different way. Go to either the apple podcasts app or the Spotify app and search get rich education to keep listening that way, you'll keep learning, stay motivated and never miss an episode of my incomprehensibly slack jawed vocals, profligate and unrepentant. Again, if you're listening to me right now on our dedicated GRE mobile app, the hosting platform terminates at the end of this month, you'll have to listen in a different way. Go to either the apple podcasts app or the Spotify app and search. Get rich education inside those apps in order to keep listening after this month, until next week, I'm your host. Keith Weinhold, don't quit your daydream   Speaker 2  39:41   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich, education and. Will see exclusively.   Keith Weinhold  40:09   The preceding program was brought to you by your home for wealth. Building, get richeducation.com.  

In this special “Behind the Numbers” edition, Cory takes you deeper into the 529 plan conversation with a full spreadsheet walkthrough. He breaks down every scenario from Part 1: Comparing 529 plans, brokerage accounts, student loan strategies, and new Roth IRA conversion rules, using real S&P return data and clear assumptions. Cory demonstrates how small differences in tax treatment, timing, or risk allocation can completely change long-term results, and he highlights the surprising cases where a 529 wins, and where it doesn't. You'll see the real math behind college savings, including scenarios for state tax deductions, financial turbulence, and the powerful “collegium Roth” approach. Whether you're a parent, planner, or investor, this episode turns abstract strategy into numbers you can actually understand. Check out Part 1: https://youtu.be/RQLGY1OE1vs   -- Timestamps: 00:40 – Rate of Return (ROR) Assumptions 01:48 – Scenario 1: Brokerage Account ($100K total over 18 years, pay cash for school) 04:25 – Scenario 2: 529 Plan ($100K total over 18 years) 07:37 – Scenario 3: Brokerage Account + Student Loans (use loans first, pay off later) 12:54 – Scenario 4: 529 with State Tax Deduction (South Carolina Example)   -- This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial LLC dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial LLC dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial LLC dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

In this episode, Cory unpacks the truth behind 529 college savings plans, their benefits, drawbacks, and what families should consider before committing their money. While 529s promise tax-free growth for education, Cory explains how they can also limit flexibility, impact financial aid, and tie up funds that could serve broader family goals. Using real-world comparisons, he explores alternative strategies, from taxable brokerage accounts and student loans to securities-backed lines of credit, and how each affects long-term financial outcomes.  Full spreadsheet demo: https://youtu.be/wCXOaJx0lD0 The episode also highlights a creative use of the new 529-to-Roth IRA conversion rule, turning leftover education savings into a lasting wealth-building tool. Cory's takeaway: 529s aren't good or bad, just situational. The real aim isn't to buy college, but to buy choice and opportunity for your child's future. -- Timestamps: 00:00 – Introduction: The 529 plan debate 01:05 – How 529s work and their tax appeal 02:40 – Real-life model: comparing college funding paths 04:30 – Student loans vs 529 performance 06:00 – The value of flexibility and liquidity 08:05 – New 529-to-Roth conversion strategy 10:30 – Opportunity funds and financial independence 12:50 – When 529s make sense (and when they don't) 14:30 – Closing thoughts: funding choice, not just college   -- This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial LLC dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial LLC dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial LLC dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

In this episode of the Smart Wealth & Retirement Podcast, financial advisors and retirement planners Jim Martin & Casey Bibb challenge the idea that Roth IRAs are always the best solution. While Roth accounts offer incredible benefits like tax-free growth and no required minimum distributions, they also come with risks and timing issues that can derail your retirement plan. Jim and Casey share real-life examples, including a client who paid unnecessary taxes after converting too much too fast. Together, they unpack situations where a Roth may not make sense — such as when future tax rates are lower, when you don't have cash to cover conversion taxes, or when healthcare and Medicare surcharges come into play. Listeners will walk away with a deeper understanding of how to evaluate Roth conversions and contributions strategically — as part of a broader financial plan, not just because “everyone's doing it.”

If you're a speech-language pathologist (SLP) thinking about private practice, contract work, or starting your own business, one of the biggest fears is: “What about retirement without a 401(k)?”Here's the good news: self-employed SLPs actually have MORE retirement options than you might think. In this video, I'll break down the retirement accounts available to you — and how they stack up compared to traditional employee benefits.✅ What you'll learn in this video:Why fear of “losing benefits” keeps many SLPs stuck in jobs they don't loveThe difference between a Traditional IRA and Roth IRA (and which one might be right for you)REAL account options for self-employed SLPsA real-world comparison of retirement savings: employee SLP vs. self-employed SLPBy the end of this video, you'll have a clear understanding on your retirement account options as a self-employed SLP so you can plan with confidence, not fear.✨ Whether you're in private practice, part-time self-employment, or just considering leaving the schools or hospital setting, this video gives you information you NEED in order to feel confident in taking that next step.

Logan and Allie talk about different savings buckets and the best to start saving your money right now. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

New parents often wonder where to start when it comes to investing for their child's future. In this episode, we walk through a 5-step plan to invest for your newborn -- from protecting your family and setting up a 529 plan to teaching your kids how to build wealth on their own. We also feature Naseema McElroy, founder of Financially Intentional, who paid off $1 million of debt and built a $1 million net worth by age 44. She shares how she's teaching her kids about ownership, investing early, and building generational wealth. Finally, we wrap up with a fun money quiz with Calvin, testing his knowledge about investing, scholarships, and how to grow wealth over time. RESOURCES⁠Sponsors, Deals, and Partners that Support the Show Sponsors, Deals & Partners – See all current offers in one place. MKM RESOURCES Own Your Time – Pre-order my first book today! MKM Coaching – Get 1-on-1 support with your family finance journey. Coast FIRE Calculator – Find out when you can slow down or stop investing for retirement. Mortgage Payoff Calculator – See how fast you can become mortgage free. YouTube – Subscribe for free to watch videos of episodes and interviews. RECOMMENDED RESOURCES (SPONSORS & AFFILIATES) Monarch Money – Best budget app for families & couples. Empower – Free portfolio tracker. Crew – HYSA banking built for families (Get an extra 0.5% APY with my partner link). Ethos – Affordable term life insurance. Trust & Will – Convenient estate planning made easy. Podcast Chapters 00:00 – Generational wealth and the true legacy worth investing in 00:21 – Welcome and episode overview 00:49 – Net Worth Win: Naseema McElroy of Financially Intentional 01:15 – Listener question: how to invest for a newborn 01:40 – Step 1: Secure your own finances first 02:45 – Step 2: Protect your family with life insurance, a will, and credit freezes 04:30 – Step 3: Open a 529 college savings plan 06:30 – Step 4: Consider a UTMA or UGMA custodial account 08:00 – Step 5: Add a custodial Roth IRA once your child has earned income 09:20 – Teaching kids the power of compounding 10:00 – Recap: five steps for investing for newborns 11:10 – Naseema McElroy on paying off $1M of debt 13:20 – Investing for herself and her children 15:20 – Building wealth through retirement accounts and home equity 18:00 – Teaching her kids to invest and own stocks 23:00 – Employing kids in your business for Roth IRA contributions 24:00 – Why starting early matters for generational wealth 25:20 – Naseema's advice: start now, don't wait 26:57 – Money Quiz with Calvin Hill HOW WE MAKE MONEY + DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Podcast Artwork: Liz Theresa Editor: Johnny Sohl Podcast Support: Andy Hill Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe and Big Al spitball on how to avoid screwing up the timing of your Roth conversions, today on Your Money, Your Wealth® podcast number 550. Barrie from New York is 62 and single, and she's been diligently converting pre-tax money each year for lifetime tax-free Roth growth. Should she continue after she retires next year?  “Jerry and Elaine” want to retire in the next six years and still leave the kids an inheritance. When should they start Roth conversions? Alex in Pennsylvania is a 31-year-old software engineer. Should he convert his IRA to Roth all at once? Plus, how can he transition into a career as a financial planner? A clarification on the age plus 20 rule of thumb for retirement contributions from one of our YouTube viewers is very un-clarified for Joe, and the fellas let Lisa in San Diego know whether she can use her rental real estate income to fund a Roth 401(k). Free Financial Resources in This Episode: https://bit.ly/ymyw-550 (full show notes & episode transcript) Ultimate Guide to Roth IRAs 6 Signs You Truly Have “Enough” for Retirement - YMYW TV Financial Blueprint (self-guided) Financial Assessment (Meet with an experienced professional) REQUEST your Retirement Spitball Analysis DOWNLOAD more free guides READ financial blogs WATCH educational videos SUBSCRIBE to the YMYW Newsletter Connect With Us: YouTube: Subscribe and join the conversation in the comments Podcast apps: subscribe or follow YMYW in your favorite Apple Podcasts: leave your honest reviews and ratings Chapters: 00:00 - Intro: This Week on the YMYW Podcast 00:55 - Should I Keep Converting $20K a Year in Retirement? (Barrie, NY) 07:17 - Can We Retire at 62 and Still Leave an Inheritance? Roth Conversion Strategies for Big Accounts (Jerry & Elaine, KS) 17:05 - I'm 31. Should I Convert $57K Now or Spread It Out? (Alex, PA) 29:12 - Roth Conversion Timing Before Retirement (Mike, Philly Suburbs) 36:49 - Confused About Roth Withdrawal Rules at 60 (Lisa, Omaha NE) 40:05 - Clarification on the Age + 20 Rule of Thumb for Contributions (Matt, YouTube) 45:40 - Can Rental Property Income Fund a Roth 401(k)? (Lisa, San Diego) 47:24 - Outro: Next Week on the YMYW Podcast

In today's show - a recent Tik Tok video claimed to show young people how to set themselves up to have $4 million at retirement - with some help from their parents in early adulthood. But how can you actually tell how much you're going to have in retirement? We have a new tool that can help.   Also today - There ARE answers to the housing shortage. The technology is there. Clark has always been interested in innovative ways to modernize the way we build housing in the U.S. and shares some promising developments. Calculated Retirement Saving: Segment 1 Ask Clark: Segment 2 Innovative Affordable Housing: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Investment Growth Calculator - Clark.com How To Retire a Millionaire With a 401(k) Plan in 19 Years How To Use an IRA To Become a Millionaire  /  How To Open a Roth IRA 5 Vacation Scams To Avoid This Travel Season Why Clark Says Everyone Should Have a Dash Cam This Brooklyn apartment complex was built like a Lego set Why Clark Says Prefabricated Housing Is The Future These former Amazon robotics executives just landed $20 million to tackle the housing crisis ⁠/  ⁠Axios:Sweaty paint⁠ To spur construction of affordable, resilient homes, the future is concrete Target Date Funds: Clark's Favorite Retirement Investment Invest & Retire  /  Fidelity Investments Review: Pros & Cons Best 529 College Savings Plans By State Clark.com resources: Episode transcripts Community.Clark.com  /  Ask Clark 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

#647: What if you and your partner want to take a few months – or even a year – off work?  How do you handle health insurance once you leave your jobs?  And how do you make sure the time off isn't wasted, but becomes a launchpad for what's next? In this week's Q&A, we dive into those questions.  We also cover three more listener questions: what to do with a leftover $125,000 in a 529 account, how one listener landed a fully remote job with a 30 percent raise, and whether you can amend your taxes after a FEMA-declared disaster. Listener Questions: Danielle (04:35): “We want a mini-retirement. What should we do about health insurance – and how can we make the most of the time off?” Danielle and her husband want a break, but don't want to go uninsured, and they also don't want to squander their mini-retirement. We look at what happens when you leave a job, where to find coverage, and how to design a mini-retirement that sparks discovery instead of regret. Lee (32:17): “We have $125,000 left in a 529 account. No one needs it for school. What should we do?”A six-figure leftover balance sounds great, but it comes with tricky rules. Can you roll it into a Roth IRA? Use it for other programs? Withdraw without a tax hit? We explore the surprising flexibility inside a 529. Pedro (44:06): “I followed your job search advice – and just landed a new role!”Pedro once struggled with dead-end applications. Now he's celebrating a fully remote job, a big raise, and better alignment. How did he do it? By targeting the intersection of his skills and industry, instead of casting a wide net. Melanie (53:35): “I spent $45,000 after a FEMA-declared disaster. Later, Congress passed retroactive tax relief. Can I benefit?”Disaster tax relief is confusing, especially when laws apply after the fact. Melanie asks if she can amend her return to capture new benefits. We talk timelines, amended return rules, and why professional help matters. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising segments. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. Key Highlights How to get health insurance during a mini-retirement. Why treating time off as a “science experiment” can reshape your career. Smart options for a leftover 529 account (including new Roth IRA rollovers). A real listener's success story: from stalled applications to a remote job with a 30% raise. What to know about amended returns for FEMA-declared disasters. Resources Pedro's original question on Episode 605 Healthcare.gov — ACA marketplace for insurance enrollment The Power of Fun by Catherine Price Digital Minimalism by Cal Newport Freedom app — tool for blocking distractions Learn more about your ad choices. Visit podcastchoices.com/adchoices