Podcasts about roth iras

Curious how today's costs, inflation trends, and shifting expectations are shaping the American Dream? Join Wes Moss and Christa DiBiase on the Retire Sooner Podcast as they provide context on financial headlines, explore common planning questions, and share research-informed insights for your retirement journey. • Explore the discussion around what it may take to reach the American Dream and whether a $5 million lifetime target is a realistic benchmark. • Review how inflation has historically influenced the stock market and why the concept of a “Goldilocks zone” may be relevant for long-term investors. • Compare how inflation can affect different categories of stocks, including dividend-paying and growth-oriented companies. • Discuss what pursuing a CFP designation or considering a late-stage career shift into financial planning might involve. • Consider how high-yield bond ETFs are typically viewed in the marketplace and why “junk bonds” continue to spark debate among investors. • Examine different ways couples might think about retirement savings benchmarks—whether by age-based charts or total household goals. • Illustrate the role of compound growth in both saving and investing when working toward retirement readiness. • Highlight factors to weigh when assessing whether to maintain or drop life insurance as retirement approaches, including debt, dependents, and overall assets. • Outline new Secure 2.0 provisions that allow certain 529 plan funds to be redirected to Roth IRAs for children. • Showcase how automation and behavioral systems can encourage consistent savings habits across different income levels and career stages. Every financial situation is unique, but gaining context can help make more informed choices. Listen now and subscribe to the Retire Sooner Podcast for ongoing conversations that keep you engaged with today's retirement and financial planning landscape. Learn more about your ad choices. Visit megaphone.fm/adchoices

Join us for a transparent and insightful Childfree Wealth® Checkup with Casey and Garrett, a couple who are preparing to trade in the corporate grind for time abroad. We dive deep into the unique financial fears and planning complexities of a childfree couple in their late 20s and early 30s with a solid net worth.

Ever wondered how to travel the world and feel financially secure? In this episode of The Traveling Therapist Podcast, we dive into financial literacy with Jackie Curry, a therapist turned global explorer who's passionate about helping others invest and build financial independence.Jackie shares how her love of travel started at 16 and how that journey led her from Portland to Mexico City, through the Himalayas, and now into launching her Financial Literacy Lab. Whether you're dreaming of a solo trek or want to better manage your retirement planning, Jackie's insights are a game-changer.In This Episode, We Explore…How Jackie created a virtual private practice to support her travels.The power of solo 401ks, SEP IRAs, and Roth IRAs for therapists.Jackie's top financial literacy tips for women and self-employed therapists.Travel hacking with credit card points (and why she swears by Capital One Venture X).How her Financial Literacy Lab helps therapists get retirement-ready.Connect with Jackie:Website - https://www.jackiectherapy.com/finlitlabInstagram - https://www.instagram.com/financial.literacy.lab/_____________________Are you ready to take the plunge and become a Traveling Therapist? Whether you want to be a full-time digital nomad or just want the flexibility to bring your practice with you while you travel a couple of times a year, the Portable Practice Method will give you the framework to be protected! ➡️ JOIN NOW: www.portablepracticemethod.com/Connect with me: www.instagram.com/thetravelingtherapist_kym www.facebook.com/groups/onlineandtraveling/ www.thetravelingtherapist.com The Traveling Therapist Podcast is Sponsored by: Berries: Say goodbye to the burden of mental health notes with automated note and treatment plan creation! www.heyberries.com/therapists Alma: Alma is on a mission to simplify access to mental health care by focusing first and foremost on supporting clinicians. www.helloalma.com/kym Sessions Health: Built for traveling therapists with global EHR access, clean interface, and therapist-friendly pricing at just $39/month. www.sessionshealth.com/kym

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

Explore the powerful strategy of Roth conversions with host Phillip Ramsey on the Uncommon Wealth Podcast. Discover how shifting funds from traditional IRAs or 401ks into Roth IRAs can offer tax-free growth and avoid required minimum distributions (RMDs). Phillip unpacks the benefits, timing, and tax implications, providing valuable insights for strategic financial planning. Learn how this technique can enhance wealth and legacy transfer, offering listeners an uncommon approach to managing their finances. Engage with this episode to understand if a Roth conversion could be a beneficial tool for your financial future.

Want to pay less tax now, or never pay tax again? That's the real question behind the Traditional vs. Roth debate. When it comes to saving for retirement, few questions get asked more often than: Should I use a traditional account or a Roth? The truth is, there isn't a one-size-fits-all answer. In this episode, Jake and Nick unpack the key differences between Traditional and Roth IRAs and 401(k)s. They explain how income limits affect your ability to contribute, why tax brackets matter, and how Roth contributions can provide long-term tax-free growth.   Here's what we discuss in this episode:

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3303: Scott Spann explores situations where a Roth IRA may not be the best choice, highlighting factors like early withdrawal temptations, uncertain future tax rates, and the potential benefits of focusing on career development instead. His perspective encourages weighing personal circumstances and long-term financial goals before deciding between retirement account options. Read along with the original article(s) here: https://www.financialfinesse.com/2013/07/01/reasons-to-stay-away-from-a-roth/ Quotes to ponder: "A wonderful feature of Roth IRAs is the ability to access your contributions at any time without taxes or penalties. This ease of accessibility can be dangerous for people who may be easily tempted to withdraw these contributions prior to retirement for non-emergencies." "If you are debating between contributing to a Roth or advancing your knowledge and earnings potential, it just may make more sense to focus on career development for the best return on your investment." "We could even see a national sales tax or a VAT that would be applied to all spending, whether it came from a Roth or not." Learn more about your ad choices. Visit megaphone.fm/adchoices

Don and Tom tackle Americans' retirement fears, highlighting a survey where one in five say it would take “a miracle” to retire securely. They stress the importance of planning over wishful thinking, cover the risks of recency bias, taxes, and underestimating longevity, and explain why flexibility—delaying Social Security, working part-time, downsizing, or even using a reverse mortgage—may be essential. Listener questions include a 30%+ ETF return (AVDV), the new rules allowing 529 rollovers to Roth IRAs, and a deep dive into Facet Wealth versus Northwestern Mutual, with a reminder about low-cost index investing and the value of fiduciary advice. 0:04 How confident Americans are about retirement security 1:37 “It would take a miracle” vs. “You need a plan” 2:37 The value of professional reviews and planning tools 3:52 No perfect time to retire, recency bias, and government as your “partner” 5:08 Retirement timing compared to parenthood decisions 6:06 The limits of Social Security and lifestyle realities 7:18 Adapting by working longer, delaying Social Security, or reducing expenses 8:25 Cutting wants, working part-time, or considering home equity solutions 9:23 Reverse mortgages and staged retirement strategies 10:03 Purpose, social life, and health in retirement 11:25 Listener question: international ETF with a 30%+ return (AVDV up 38% YTD) 13:02 Why diversification matters for capturing those “30 percenters” 13:22 Listener question: 529 rollovers to Roth IRAs and beneficiary changes 16:21 Listener case study: RN nearing retirement, Facet vs. Northwestern Mutual 18:07 Facet's flat annual fee structure compared to traditional AUM fees 20:54 The pitfalls of Northwestern Mutual's high fees and insurance roots 23:34 When to hire a fiduciary and why $1.5M+ means it's time 25:30 Advisor costs vs. DIY investing, plus an extended “haircut analogy” 27:13 Shout-out to AI-generated Talking Real Money show art Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Dental Boardroom Podcast, host Wes Read, CPA and financial advisor at Practice CFO, continues the discussion on putting your kids on payroll as a smart tax and wealth-building strategy. This time, he dives deeper into how to maximize the benefits by pairing payroll with 529 education savings accounts and Roth IRAs.Key Takeaways:Shifting income for tax savings:Move income from a higher parent tax bracket to your child's 0% bracket (standard deduction in 2025 is $15,750).Saves roughly $3,000–$4,000 per child per year. Over many years, that adds up significantly.Practical execution:Children can start as early as age 6–7 and continue through college years.Create job descriptions and light documentation (e.g., photos, office work, modeling fees) to substantiate employment.Use a modern payroll service (Wes recommends Rippling) to simplify compliance.How to use the payroll funds:Deposit paychecks into the parent's checking account (simpler than setting up child accounts).Direct those funds toward:A custodial Roth IRA (tax-free growth).A 529 education savings account (tax-free growth + tax-free qualified withdrawals).529 Education Plans explained:State-administered plans with varying benefits Utah's “My529” (Vanguard, low-cost index funds) is Wes' favorite.Benefits:Tax-free growth and withdrawals for education.Potential state tax deductions in some states.High contribution limits.Parent-owned accounts are more favorable for financial aid and offer flexibility to transfer funds among siblings.Can cover not just college, but also K–12, trade schools, apprenticeships, and up to $10K in student loan repayment.Suggested split strategy:After payroll and FICA taxes, about $14K remains per child.Example: Fund $7K to a Roth IRA + $7K to a 529 plan, balancing retirement savings with education funding.Risk & compliance notes:Wes has never seen an IRS audit on this strategy in 17+ years, but stresses proper documentation.Pay a fair wage aligned with actual work performed.Always consult your CPA if unsure.Big picture:This is more than just tax savings it's wealth building.Combining small strategies like payroll, home office, auto deductions, and retirement plans can collectively cut taxes by 30–60% (or more) and accelerate financial independence.Why This Matters:By intentionally leveraging tax rules, you can redirect money that would have gone to the IRS into your kids' education, retirement, or family wealth. Over time, these small wins compound into major financial independence.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3303: Scott Spann explores situations where a Roth IRA may not be the best choice, highlighting factors like early withdrawal temptations, uncertain future tax rates, and the potential benefits of focusing on career development instead. His perspective encourages weighing personal circumstances and long-term financial goals before deciding between retirement account options. Read along with the original article(s) here: https://www.financialfinesse.com/2013/07/01/reasons-to-stay-away-from-a-roth/ Quotes to ponder: "A wonderful feature of Roth IRAs is the ability to access your contributions at any time without taxes or penalties. This ease of accessibility can be dangerous for people who may be easily tempted to withdraw these contributions prior to retirement for non-emergencies." "If you are debating between contributing to a Roth or advancing your knowledge and earnings potential, it just may make more sense to focus on career development for the best return on your investment." "We could even see a national sales tax or a VAT that would be applied to all spending, whether it came from a Roth or not." Learn more about your ad choices. Visit megaphone.fm/adchoices

Don and Tom tackle the creeping role of AI in financial advice—highlighting Vanguard's new “nudges” on its platform—before pivoting into lively listener calls. The show explores the balance between saving and living (including an $800K earner debating a bigger house), the risks of high-yield gimmick ETFs like QQQI, the simplicity of age-based 529 plans, and the murky rules around paying kids into Roth IRAs. Humor, skepticism, and practical guidance keep the conversation grounded, with a side of leaf blowers, Italian villas, and Tom's inevitable puns. 0:10 Don's dramatic AI apocalypse intro and Vanguard “nudges” 1:20 Squarespace rant: how customer service died 4:13 Vanguard limiting fund lists—bias toward active funds? 6:22 AI is coming for investing advice 6:35 Listener call: $800K household, cheap mortgage, “living life” vs upgrading home 10:22 House affordability rules: 25–30% PITI, low-rate lock-in dilemma 12:19 Call from Jim in Bellevue: QQQI high-yield ETF 13:44 Why covered call income funds are risky, volatile, and gimmicky 17:41 Tech focus, March 2000 parallels, why diversification beats chasing yield 19:29 Covered call strategies—why they lose upside and add complexity 22:50 Listener email from Shauna: which Utah 529 portfolio to pick 24:36 Best choice = age-based glide path, simplicity and cost advantages 26:13 Follow-up caller: Roth IRAs for kids, risk of inflated wages and IRS scrutiny 29:24 Who checks wages? IRS shutdown jokes, K-1 confusions, AI tax analysis fail Learn more about your ad choices. Visit megaphone.fm/adchoices

Women control more wealth than ever—so how do you find an advisor who listens, explains clearly, and shares your values? According to McKinsey & Company, by 2030, women are expected to control nearly two-thirds of U.S. assets—around $30 trillion. With that kind of stewardship comes both opportunity and responsibility. Today, Sharon Epps joins us to share five simple practices that women should expect from their financial advisors.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.Key Practices Every Client Should Look ForWhen it comes to choosing a financial advisor, women don't need a different standard—they simply need the right standard done well. At Kingdom Advisors, we train Certified Kingdom Advisors (CKAs®) to integrate biblical wisdom into their practices while also serving clients with excellence and care.If you're interviewing an advisor, here are five practices to watch for. These principles will help you find someone who not only understands finances but also values clarity, empathy, and shared purpose.1. Clear TerminologyFinancial jargon can be overwhelming. Terms like RIA or CFP® often make sense only to industry insiders. A good advisor should be able to pause, explain concepts in everyday language, and use analogies that make complex ideas easier to understand. Look for someone who welcomes your questions and ensures you truly understand the path forward.2. A Warm and Welcoming EnvironmentWe often say to “light a candle”—not literally, but figuratively. The goal is to create a space that feels safe and welcoming, rather than intimidating. Just like hotels offer warm cookies to make guests feel at home, a thoughtful advisor will create an environment where you feel respected and comfortable.3. Transparency in All ThingsAn advisor has a fiduciary responsibility to be transparent—but the best ones go beyond compliance. They openly share how they are compensated, outline every fee on paper, and invite accountability. As a client, don't hesitate to ask where you can see these details clearly documented.4. Interest in More Than MoneyWe teach advisors to “use a magnifying glass”—to look beyond the numbers. Money is simply a tool to help you fulfill God's calling on your life. A trusted advisor should ask about your values, dreams, and purposes—not just your portfolio. That's why the CKA® designation is so important: it connects you with advisors who share your values and can integrate them into financial decisions.5. Developing God's Heart for the Whole PersonThe most important practice is what we call whole-person care. Advisors aren't just money managers—they're disciple-makers. They should walk alongside you and your family in prayer, through significant life transitions, and in building unity between spouses. Women's voices should be heard and respected just as much as men's in every financial conversation.Our prayer is that these five practices give you confidence as you search for the right advisor. You deserve clarity, empathy, and values that align with your faith. If you'd like to find a Certified Kingdom Advisor in your area, visit FindaCKA.com.On Today's Program, Rob Answers Listener Questions:Back in 2018, my home insurance company agreed to replace my roof. In 2020, contractors found I also needed new decking, and an insurance employee told me they'd cover it once the work was finished. Now the company is threatening not to renew my policy unless I replace the roof at my own expense. How can I get them to honor their commitment?My dad passed away over a year ago, and my mom is trying to qualify for Social Security benefits. The issue is that my dad didn't have 40 credits, and neither does she. Is there any way their credits can be combined so she can meet the requirement?I heard about a provision in a new bill that allows accounts to be set up for children. Is it true that the government will put money into accounts for kids born in the next few years? If so, how would I participate?I'd like to encourage my two adult children to start investing in Roth IRAs. Where can they open accounts with low fees, especially since they'll only be making small contributions at first?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)Sound Mind Investing (SMI)Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Miriam Neff and Valerie Neff Hogan, J.D.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.

In this episode of the Dental Boardroom Podcast, host Wes Read, CPA and financial advisor at Practice CFO, dives into one of the most powerful yet often overlooked tax and wealth-building strategies for dentists: putting your kids on payroll and using that earned income to fund retirement and education accounts.Wes explains how hiring your children in your dental practice (for real, legitimate work) creates not only a tax deduction for the practice but also a springboard for long-term wealth accumulation in the child's name. He emphasizes the Roth IRA as a uniquely flexible and tax-free account, often a better choice than a 529 education account, since the funds can be used for retirement, education, or other qualified purposes.He walks through how to handle payroll logistics, funding contributions annually to simplify administration, and how compounding growth turns even modest contributions into hundreds of thousands or even millions over a lifetime. Along the way, Wes shares investment allocation strategies, including why volatile, high-growth assets fit well in Roth IRAs and how “tax location” across different account types can meaningfully boost after-tax returns.The episode also compares Roth IRAs with 529 plans, outlining when each makes sense, and highlights the importance of aligning education funding with family philosophy whether parents fully cover tuition, split costs, or expect children to pay their own way.This is part one of a two-part series on the Kids on Payroll strategy, with part two focusing more deeply on 529 plans.Key PointsPaying your kids from the practice creates a deductible expense and earned income for them.A Roth IRA for children offers unmatched tax-free growth and flexibility versus 529 accounts.Funding once a year avoids payroll admin headaches while still capturing the benefit.Compounding can turn $7,000 annual contributions into millions over decades.High-growth, volatile assets fit best in Roth accounts due to their tax-free nature.Tax location (placing the right investments in the right accounts) is a major driver of long-term wealth.Family philosophy matters whether parents fully fund education or expect kids to share the cost.Hashtags #DentalBoardroomPodcast #DentalFinance #KidsOnPayroll #RothIRAForKids #DentalPracticeOwners #TaxStrategy #FinancialPlanning #PracticeCFO #WesReadCPA #WealthBuilding

They didn't start early, but they did start. In this candid conversation, we unpack how a couple in their 40s paid off debt, now saves ~30% (maxing 401(k)s, Roth IRAs, and brokerage), slashed college costs with dual enrollment, and is planning a values-first move to the Pacific Northwest. Real numbers, real trade-offs, and a roadmap you can copy. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠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

#606 We're back with Part 2 of our three-part series on the seven rules of creating wealth! In this episode, Justin Williams and Andrew Giancola of The Personal Finance Podcast dive deeper into investing — where to start, how to maximize your employer's 401(k) match, the power of HSAs, Roth IRAs, and why keeping fees low is critical to long-term wealth building. Andrew also breaks down the step-by-step process of investing in index funds and ETFs, plus tips for setting up investment accounts for your kids. If you haven't listened to Part 1 yet, be sure to go back and check it out. And stay tuned for Part 3 tomorrow, where we'll wrap up the series! (Original Air Date - 3/5/25) What we discuss with Andrew: + Maximize 401(k) match – Best guaranteed return + HSA benefits – Triple tax advantages + Roth IRA strategy – Tax-free growth & backdoor option + Minimize fees – Avoid costly advisor & fund fees + How to invest – Open accounts & automate contributions + Lump sum vs. monthly – Best way to invest large amounts + Time in market – Long-term growth power + Investing for kids – Roth IRAs & brokerage accounts + Stocks vs. real estate – Passive vs. active wealth building + S&P 500 advantage – Outperforms most funds Thank you, Andrew! Check out Master Money at ⁠MasterMoney.co⁠. Listen to ⁠The Personal Finance Podcast⁠. Watch the ⁠video podcast⁠ of this episode! To get access to our FREE Business Training course go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠MillionaireUniversity.com/training⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. And follow us on: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tik Tok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Youtube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ To get exclusive offers mentioned in this episode and to support the show, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠millionaireuniversity.com/sponsors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Want to hear from more incredible entrepreneurs? Check out all of our interviews ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠! Learn more about your ad choices. Visit megaphone.fm/adchoices

Can a hot dog really cost you 36 minutes of life—and what does that have to do with retirement planning? In this episode, Abe Abich breaks down the myths of market-based retirement advice, the power of Roth IRAs, and the importance of proactive tax and income strategies. Real client stories illustrate how planning can transform retirement from reactive to confident living. Schedule your complimentary appointment today: TheRetirementKey.com Get a free copy of Abe’s book: The Retirement Mountain: The 7 Steps To A Long-Lasting Retirement Follow us on social media: YouTube | Instagram | Facebook | LinkedInSee omnystudio.com/listener for privacy information.

Join Mindy Jensen and Scott Trench on the BiggerPockets Money Podcast as they welcome retirement tax experts Sean Mullaney, The FI Tax Guy, and Cody Garrett, a certified financial planner, to break down their game-changing retirement drawdown order of operations. This isn't your typical retirement advice - it's a strategic blueprint that could save early retirees and traditional retirees thousands in taxes while ensuring their money lasts a lifetime. Discover the four critical retirement drawdown fundamentals that form the backbone of any successful retirement strategy, plus advanced tactics for optimizing your tax burden, managing healthcare costs, and timing Roth conversions for maximum impact. Sean and Cody don't just explain what to do - they walk through exactly when and why each strategy matters most, covering everything from your retirement date through the challenging widow and widower years. This episode covers: The four fundamental retirement drawdown rules that could save you thousands Why you should spend taxable accounts first and traditional accounts second The strategic case for delaying Social Security until age 70 How to use HSAs and Roth IRAs as powerful tax-free tools The five distinct phases of retirement and what each one means for your strategy Advanced Roth conversion tactics and optimal timing How to keep income low to maximize ACA premium tax credits Managing required minimum distributions and minimizing their impact Healthcare cost planning and insurance strategies for retirees Why working with a qualified tax planner is essential for your unique situation And SO much more! 00:00 Retirement Drawdown Strategies 01:22 Fundamentals of Retirement Drawdown 03:37 Phases of Retirement and Taxable Accounts 07:23 Managing Income and Premium Tax Credits 09:22 Roth Conversions and Standard Deductions 19:52 Hidden Roth IRA and Tax Planning 28:36 Navigating Healthcare Subsidies and Early Retirement 29:26 Balancing Benefits for Early Retirees and Self-Employed 33:34 Strategic Tax Planning for Retirement 35:50 Understanding Required Minimum Distributions (RMDs) 36:59 Mitigating the Impact of RMDs 40:51 The Widow's Tax Trap and Effective Tax Planning 46:30 Connect with Sean and Cody! Learn more about your ad choices. Visit megaphone.fm/adchoices

Farnoosh kicks things off with life updates—juggling the whirlwind of September as a parent, launching The Montclair Pod (now a finalist for a prestigious Signal Award (vote here)), and coping with a double hit of bank fraud that forced her to shut down an account and rebuild her banking setup.Sign up for her investing workshop on Tuesday, Sept 30 at SoMoneyWorkshop.comFarnoosh also shares important personal finance headlines:Doctors vs. Insurance Companies: New prior-authorization rules delaying basic care.Amazon's $2.5 billion FTC settlement: Millions of Prime subscribers may be eligible for refunds.Iron Hill Brewery closures: A beloved East Coast restaurant chain, tied to her own family memories, shutters permanently.In the mailbag, she tackles listener questions on:Whether to open multiple high-yield savings accounts for different goals like emergencies, annual expenses, and travel.The best ways to start saving for a child's college education—including 529 plans, gifting platforms, and Roth IRAs.How to ace a financial services interview at age 23 without licenses yet—focusing on passion, relatability, research, and asking smart questions.Dividing money between an emergency fund, retirement, and a down payment on a home.Strategies for intermediate savings goals like marriage or travel within 10 years, and how to balance risk vs. safety in those investments. Hosted on Acast. See acast.com/privacy for more information.

The One Big Beautiful Bill Act (OBBBA) – a sweeping piece of tax legislation that impacts everything from deductions to child savings accounts – has been passed. Do you know what it means for your financial plan?In this episode of The Agent of Wealth Podcast, host Marc Bautis is joined by John Williams to break down key provisions of the new law and highlight the biggest planning opportunities.In this episode, you will learn:How the new $40,000 SALT deduction cap works, who benefits, and why the phaseout rules could make itemizing worthwhile again for taxpayers in high-tax states.What the Senior Standard Deduction offers to those age 65 and older, how the phaseout thresholds apply, and how it compares to existing deduction strategies in retirement.Why the newly introduced Trump Accounts — government-seeded investment accounts for children — could become a powerful savings tool alongside 529 plans and Roth IRAs for kids.How changes to charitable contribution rules — including the new deduction cap, minimum “floor,” and standard deduction adjustments — may influence when and how you give.Plus: new above-the-line deductions for tips and overtime, expanded 529 plan uses, car loan interest deductions, the repeal of EV and residential energy credits, and more.Resources:Episode Transcript & Blog | The One Big Beautiful Bill Act Checklist | Bautis Financial: 8 Hillside Ave, Suite LL1 Montclair, New Jersey 07042 (862) 205-5000 | Schedule an Introductory Call

Marty discusses the often surprising transition into retirement, emphasizing the importance of planning and establishing a routine. He highlights the emotional and psychological adjustments retirees face, the significant healthcare costs they may encounter, and the necessity of planning for long-term care. The conversation also covers the importance of financial flexibility in retirement planning, creating a guaranteed income plan, and addressing listener questions about IRA withdrawals and inflation. Marty provides insights into how retirees can navigate these challenges and ensure a comfortable retirement. Reach Marty at 888-519-9096. Smart Money Solutions www.smartmoneysolutionsmn.com See omnystudio.com/listener for privacy information.

Today we are answering questions from our residents in the audience. We discuss saving vs investing, buying houses, physician loans, and Roth IRAs. Then we interview a recent graduate about to start his first job as an attending, and he walks us through his financial life to this point. If you want to learn how to do it right, you'll want to take notes. 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 #438 02:14 Invest vs. Pay Down Debt 10:14 Mortgage as a New Resident 14:06 Roth IRA as a Resident 16:24 Interview with a Resident

Welcome to the Know Your Numbers REI Podcast! In this episode, host Chris McCormack continues the series on the seven deadly tax traps that entrepreneurs often fall into.Today, we dive into the often-overlooked benefits of using life insurance as a supplement to your retirement plan. As many business owners and real estate investors find themselves phased out of tax-advantaged accounts like Roth IRAs due to income limits, life insurance can provide a viable alternative for tax-free wealth accumulation.Join us as we explore how life insurance can not only protect your loved ones but also help you build a tax-free nest egg for the future.Don't forget to follow to our channel and share this episode with friends who could benefit from understanding the tax advantages of life insurance.Stay tuned for our next episode, where we'll wrap up our series by discussing often-missed expenses that can lead to significant tax costs.God bless you, and keep moving forward!••••••••••••••••••••••••••••••••••••••••••••➤➤➤ To become a client, schedule a call with our team➤➤ https://www.betterbooksaccounting.co/contact••••••••••••••••••••••••••••••••••••••••••••Connect with Chris McCormack on Social MediaFacebook: https://www.facebook.com/chrismccormackcpaLinkedIn: https://www.linkedin.com/in/chrismccormackcpaInstagram: https://www.instagram.com/chrismccormackcpaJoin our Facebook Group: https://www.facebook.com/groups/6384369318328034→ → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ← https://www.youtube.com/@chrismccormackcpaThe Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Ready to optimize your retirement savings strategy? Let's clear up some confusion about Roth vs. Traditional retirement accounts that might be costing you thousands in future tax benefits.First, let's bust a common myth: there are NO income limits for Roth 401(k) contributions! While Roth IRAs do have income restrictions, your salary never disqualifies you from making Roth 401(k) contributions if your employer offers this option. And starting next year, highly-compensated employees over 50 will need to make their catch-up contributions as Roth.Traditional accounts give you an immediate tax break by reducing your taxable income now, with taxes due on both contributions and earnings when you withdraw in retirement. Roth accounts offer no immediate tax deduction, but qualified withdrawals in retirement—including decades of compound growth—come out completely tax-free.For early-career savers, I generally recommend Roth contributions regardless of income. The power of tax-free compounding over 30-40 years typically outweighs immediate tax savings. Mid-career professionals face a more nuanced decision based on current tax situations and future tax rate expectations. Pre-tax contributions can strategically keep your income below thresholds for valuable tax benefits like the expanded SALT deduction or child tax credits. Meanwhile, Roth IRAs offer a hidden emergency fund feature—you can withdraw contributions (not earnings) anytime without penalties.Running scenarios through tax software can help quantify the difference between these options for your specific situation. But remember, while saving strategically matters, I've never met anyone who regretted saving too much for retirement—just don't forget to enjoy life with loved ones along the way!Want more financial insights delivered in 15 minutes or less? Subscribe to Better Financial Health and take control of your financial future 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.

This week we cover the hidden bull market that the billionaires know about. Are you in on it? We also cover the Fed's recent rate cut and how markets reacted with little real impact, highlighting skepticism about the Fed's effectiveness and the risks its policies create for wealth disparity and asset inflation. We emphasize the importance of questioning financial “half-truths” as outcomes often depend on assumptions rather than blanket rules. Gold, silver, and mining stocks are strong but under-appreciated trends, while tariffs are having far less economic impact than public debate suggests. We discuss... The Fed's latest rate cut had almost no real impact on markets, revealing investor skepticism about monetary policy effectiveness. Fed policies have unintentionally widened the wealth gap by inflating asset prices that primarily benefit the wealthy. Asset bubbles created by easy money policies pose future risks for average investors who lack diversification. The idea that Roth IRAs are always better than traditional IRAs is a half-truth since tax outcomes depend on future income and assumptions. Financial advice that paints with broad strokes often fails to account for personal circumstances. Gold has surged in value, reflecting distrust in fiat currencies and central bank credibility. Silver and mining stocks are also strengthening, though they lag behind gold and remain overlooked. Precious metals serve as both a hedge against inflation and a store of value when trust in the Fed declines. Tariffs are often overblown in the media, with real economic impact being far less dramatic than public debate suggests. The bigger risk to markets is not tariffs but systemic distortions caused by prolonged monetary policy intervention. Investors should prepare for volatility, especially given how fragile sentiment has become. Timing is critical in retirement planning, as retiring during a market downturn can devastate portfolios. Critical thinking is essential for navigating half-truths in financial media and mainstream narratives. Complacency is dangerous in today's environment of uncertainty and shifting economic conditions. Owning tangible assets like real estate, commodities, or productive businesses is one of the best hedges against inflation and Fed-driven distortions.   Today's Panelists: Kirk Chisholm | Innovative Wealth Douglas Heagren | Mergent College Advisors Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast For more information, visit the show notes at https://moneytreepodcast.com/hidden-bull-market-749 

In this episode of Money Meets Medicine, Dr. Jimmy Turner and Justin Harvey answer listener-submitted questions about what to do with your money when you switch jobs or retire. Topics include:• Old Employer Plans: Should you roll over a 401(k)/403(b) to your new employer plan, leave it, or move it to an IRA? They explain how each option impacts your ability to do backdoor Roth IRAs.• Home Savings Strategy: Tips for physicians saving for a home purchase—where to park cash for 6–12 months without missing growth potential.• Solo 401(k) vs. SEP IRA: For side gig income, they break down which one gives you better Roth conversion flexibility.• Financial Advisor Red Flags: The duo calls out one especially egregious example of poor advisor behavior—and what every doctor should watch out for.• Extra Pro Tips: Including why not all Roth accounts are created equal, how to simplify your accounts in retirement, and the best ways to avoid “analysis paralysis” when making account moves.This episode is packed with tactical advice and practical insights for physicians navigating career transitions, early retirement, or side income.Get a quote on own-occupation disability insurance from a company you can trust at https://moneymeetsmedicine.com/disability Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Welcome back to Market Moment! In today's episode, Matt, Lee, and John tackle one of the most frequently asked retirement planning questions: "How can I lower my taxes in retirement?” From Roth conversions, RMDs (Required Minimum Distributions), and Social Security timing, to HSA utilization, IRMAA surcharges, and charitable giving (QCDs) — this discussion covers critical tax planning tools for both pre-retirees and younger investors looking to plan ahead.

In this episode, I explore the transformative power of investing and how to make your money work for you, while breaking down essential terms like the stock market, stocks, mutual funds, the S&P 500, Roth IRAs, and more to help beginners build a strong financial foundation.

Roth IRAs can offer substantial benefits.  Tax deferred growth, tax free withdrawals and no Required Minimum Distributions.  But if you are single and your Modified Adjusted Income is greater than $150,000 or your joint income exceeds $236,000, you are not eligible for a Roth contribution.  However, there is a work around and it's called the Backdoor Roth.  We'll explain how it works, the benefits and the rules, this afternoon on the Jon Sanchez Show at 3pm.

Ready to unlock the secrets of where your investments should live? Joshua Barbin dives into the differences between IRAs, 401(k)s, and brokerage accounts, revealing how asset location can impact your financial future. Discover the pros and cons of traditional vs. Roth IRAs, the power of employer matches, and smart strategies for maximizing retirement savings—all in clear, actionable language Schedule your complimentary appointment today: TheRetirementKey.com Get a free copy of Abe’s book: The Retirement Mountain: The 7 Steps To A Long-Lasting Retirement Follow us on social media: YouTube | Instagram | Facebook | LinkedInSee omnystudio.com/listener for privacy information.

Raising teens with financial wisdom (and boundaries) is no small task. Especially when we're trying to help our kids avoid the same disastrous mistakes we made! In this episode, I sit down with Ryan…friend, financial advisor, and father, to talk about some of the struggles (especially financial) that come with raising adult kids. We dive into:My kids college 529 savings account: What they are, how you get them, and how I helped my kids save for theirs.My two “keys” (ie rules) they must fulfill to access these accounts as adults.When and where I've let my kids struggle so that they can grow (and avoid the pitfalls I experienced).Why Marley is in Thailand on her humanitarian trip and how this connects to her financial and college future.What is a Roth IRA and how can we all start saving better for our kids' futures.Some of the hilarious and probably ridiculous (but hopefully effective) ways I'm teaching my kids to value money and real-life experiences.We talk about all things from finances to stuffing suitcases with mac & cheese and shampoo. It's part financial strategy, part parenting therapy… and all heart. Whether you're a single mom, a tired dad, or just trying to raise grounded kids, this one's for you.Watch the full episode on YouTube here or head to https://www.youtube.com/@RealHeidiPowell.Here are the key moments from the episode:0:00 Why Marley Is Headed to Thailand2:46 More About Marley's Humanitarian Trip10:51 How Much the Average Kid Costs to Raise18:31 Who the Heck is Ryan?22:01 The Best Financial Lesson My Dad Taught Me33:01 How I Blew All of My College Money38:41 What is a 529 College Savings Account45:01 Roth IRAs and How to Build Your Kids' to 5 Million Dollars!50:31 The TWO KEYS to My Kids' College Money56:11 Why I'm Letting My Kids Struggle1:10:46 How to Introduce Financial Literacy at Home1:28:11 Preparing Your Kids for Life Without You1:34:01 What to Do When Your College Kid Calls in Crisis1:45:21 Final Thoughts on Growth, Grace & Letting GoConnect with Heidi:
Website: https://heidipowell.net/  Email: podcast@heidipowell.net Instagram: @realheidipowellFacebook: Heidi PowellYouTube: @RealHeidiPowell
Train with Heidi on her Show Up App:  https://www.showupfit.app/ About Ryan:Ryan Isaac is a financial advisor and co-founder of Dentist Advisors. For the past 17 years, he's been helping dentists make sense of money and big life decisions. He also hosts the Dentist Money™ Show, the most widely listened-to financial podcast for dentists over the last decade, where he talks about everything from investing and taxes to the real-life challenges of running a business.

We break down what Trump Accounts really offer (and where they fall short), and then dive into how developers, business owners, and investors can tap into tax credits tied to low-income housing, new markets, and opportunity zones.3 Key TakeawaysTrump Accounts Are Limited in Value: While they allow $5,000 in annual contributions and offer $1,000 from the government, they lack the flexibility and tax benefits of 529 plans or Roth IRAs.Low-Income Housing Tax Credits Encourage Long-Term Development: Developers maintaining affordable housing in distressed areas can receive substantial tax credits, often spread over 30 years.New Markets and Opportunity Zones Offer Strategic Incentives: Investors can claim up to 39% in tax credits over seven years for capital invested in qualified distressed communities—beyond just real estate.Episode Timeline & Highlights[0:00] – Introduction to today's focus: Trump Accounts and community investment incentives[1:12] – What are Trump Accounts, and how do they work?[2:29] – Who qualifies, contribution limits, and tax treatment[3:25] – Distribution rules, early withdrawal penalties, and qualified uses[4:16] – Why 529 plans may still be the better option[5:08] – Community investment credits: clean energy phase-out and private investment focus[6:08] – Low-Income Housing Tax Credit explained[7:15] – New Markets Tax Credit: how to apply and what you get[8:34] – Opportunity Zones and real-world data from Chicago and Northwest Indiana[9:56] – Final thoughts and preview of next episodeLinks & ResourcesIRS Qualified Opportunity Zones: https://www.irs.gov/credits-deductions/opportunity-zonesLow-Income Housing Tax Credit Overview: https://www.huduser.gov/portal/datasets/lihtc.htmlNew Markets Tax Credit Program: https://www.cdfifund.gov/programs-training/Programs/new-markets-tax-credit/Pages/default.aspxIf you found this episode helpful, don't forget to rate, follow, and review Belk on Business. And be sure to share it with a fellow business owner, developer, or investor who could benefit from these tax-smart strategies.

In this episode of the Business Without Burnout podcast, we talk with self-care and financial expert Soledad, who helps diverse individuals achieve early retirement through intentional money strategy and her framework.We dig into:-Why “wealth for everyone” starts with Roth IRAs (for you and a loved one)-How Soledad went from newsletters to daily selling with email-Detoxing people-pleasing and shame so you can lead-Working 25 hours/week with more energy using calendar + systems-Handling grief, parenting, ADHD and still booking 1:1 clientsRita Soledad Fernández:Instagram: https://www.instagram.com/wealthparatodos/Book A Call: https://calendly.com/talkdinero/learn-more-about-working-with-soledad

Retirement, from a Christian perspective, is not an exit from purpose but a shift into a new season of service. Ray, E.Z., Mark, and Oscar stress that retirement should be about stewarding time, talents, treasure, and testimony. Christians never take a vacation from their calling, and life continues to hold meaning in every stage. Many suffer after leaving their career because they've tied their identity to a profession. Still, believers are called to stay disciplined—remaining in the Word, sharing the gospel, and praying for wisdom and energy. Examples abound of retired believers who dedicate their lives to outreach, discipleship, and evangelism, proving that as long as one is alive, God is not finished with their work.For younger believers, preparing financially for retirement is wise stewardship. Planning ahead isn't about accumulating wealth but about equipping oneself to serve God and others without financial obstacles. Saving early and consistently allows Christians to use their later years to bless others through leadership, generosity, and active ministry. The guys note that tools such as 401(k) plans, employer matches, and Roth IRAs make it easy to start. Developing the discipline to save regularly is like strengthening a muscle—over time, it becomes second nature. Debt, especially high-interest debt, should be avoided whenever possible, and paying it off quickly frees believers to give and serve without financial bondage.Ultimately, retirement should be approached with intentionality and purpose. The call is to earn as much as possible so one can give as much as possible, to live with open hands, and to invest in eternity. Believers are encouraged to plan their later years with the same focus they apply to their career goals—asking how they will spend their time advancing the Kingdom. This stage of life offers opportunities to serve in ways that might not have been possible before, such as investing in younger generations, mentoring others, and meeting needs within the community and the church.Time, like money, belongs to God. It can be wasted, spent, or invested, and Christians are called to redeem it for what truly matters. The world is full of people in need—lonely individuals in hospitals, neighbors who have never heard the gospel, and children searching for role models. Believers should stay active in service, surrounded by others who speak truth into their lives. As long as there is breath, there is purpose. Retirement is not the end but a continuation of the race, run with urgency, faithfulness, and an eternal perspective.Send us a textThanks for listening! If you've been helped by this podcast, we'd be grateful if you'd consider subscribing, sharing, and leaving us a comment and 5-star rating! Visit the Living Waters website to learn more and to access helpful resources!You can find helpful counseling resources at biblicalcounseling.com.Check out The Evidence Study Bible and the Basic Training Course.You can connect with us at podcast@livingwaters.com. We're thankful for your input!Learn more about the hosts of this podcast.Ray ComfortEmeal (“E.Z.”) ZwayneMark SpenceOscar Navarro

In this episode of The Dental Boardroom Podcast, host Wes Read, CPA CFP®, shares key financial and tax strategies for dental practice owners. He covers retirement plans (401(k), SEP IRA, Simple IRA, defined benefit/cash balance plans) and explains how to maximize contributions while managing employee costs and staying compliant. Roth IRAs and backdoor Roth conversions are also discussed for tax-free growth.Wes advises a disciplined investment approach, highlights the risks of speculative investments, and explains how to evaluate debt, use tax deductions, and leverage payroll strategies for family members. He also explores fringe benefits, state-level tax breaks, and practical ways to improve practice profitability, like raising fees and moving toward fee-for-service models.Finally, he emphasizes automating savings, debt payments, and retirement contributions to secure long-term financial success. This episode gives practice owners practical tools to reduce taxes, boost cash flow, and grow wealth inside and outside their practice.Key PointsUnderstand the differences and trade-offs among 401(k), SEP IRA, Simple IRA, and defined benefit/cash balance plans.Use Roth IRAs and backdoor Roth conversions to secure tax-free retirement growth.Avoid risky, illiquid investments inside retirement accounts—stick to disciplined, diversified portfolios.Evaluate debt payoff vs. investing by considering interest rates, volatility, and financial goals.Use payroll strategies (kids, spouses) to reduce taxable income and build long-term wealth.Document home office deductions and leverage allowable fringe benefits cautiously.Maximize savings with state-level pass-through entity tax deductions.Regularly raise UCR fees and consider transitioning to fee-for-service to boost profitability.Automate savings and contributions to build financial resilience and consistency.Resources Mentioned

Are you doing better than the average American and should that even be the benchmark? We discuss the median American's financial assets by age, answer real-time audience questions on Roth IRAs, emergency funds, car debt, and early retirement, and invite you to participate in our 2nd Annual Financial Mutant Survey. This is your chance to see how you stack up and help shape future Money Guy content. ⁠⁠⁠⁠⁠⁠⁠⁠⁠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

What's your money story? That's the big question we dive into today as we chat with Jennifer, a financial advisor and author who's all about empowering folks, especially women, to take control of their finances. We kick things off by reminiscing about our earliest money memories, whether they were filled with joy or a bit of stinginess. From selling cards for a skateboard to learning that you gotta put in the work for what you want, we uncover how these experiences shape our financial habits. Jennifer shares some golden nuggets on financial literacy, especially for those who might feel a bit out of their depth when it comes to handling money. So grab your favorite drink, settle in, and let's get ready to squeeze the juice out of those financial conversations!Takeaways: Understanding your personal money story can significantly shape your financial habits and decisions. Women often outlive their partners, making financial literacy crucial for long-term security and planning. Creating a family love letter is a meaningful way to communicate values and financial wisdom to loved ones. Discretionary spending is about understanding what you can afford beyond fixed expenses, which is key to financial freedom. Engaging both partners in financial discussions helps bridge the gap in money management within relationships. Roth IRAs are a fantastic investment tool for those looking to secure their financial future, especially for young earners. Links referenced in this episode:https://modern-wealth.comhttps://squeezethejuicebook.comThank you for tuning in! Your support helps us empower more people to build strong financial habits and engage in meaningful conversations about money.

Have you heard of required minimum distributions (RMDs) but aren't sure how they impact your retirement plan? In this episode of Coffee with Your Retirement Coach, Nic and I unpack everything you need to know about RMD rules, retirement income planning, and tax-smart strategies to avoid costly mistakes.   We'll explain what RMDs are, when they start, how they're calculated, and the tax implications you need to prepare for. Plus, we share real stories of retirees who were blindsided by RMD requirements—and how the right planning can help you reduce taxes, stay in control of your money, and enjoy retirement with confidence. Whether you're approaching age 73 or just getting started with retirement planning, this episode will help you build a smarter strategy for your future. --- ⏰ Episode Timeline - [1:00] - Why **required minimum distributions** (RMDs) are a critical part of retirement income planning - [2:20] - Which retirement accounts are subject to RMD rules (and why Roth IRAs are an exception) - [3:37] - A powerful story: an engineer nearing retirement who had no idea about RMDs - [5:42] - How RMDs are calculated using your year-end balance and the IRS life expectancy tables - [7:33] - Flexibility in choosing which retirement account to withdraw from—and key caveats to know - [9:11] - The truth about how RMDs are taxed as ordinary income, and one costly mistake to avoid - [11:12] - Why you need an **RMD strategy** before age 73: Roth conversions, charitable giving, and more - [12:36] - How market growth and IRS rules can push you into higher tax brackets over time - [14:24] - A client story showing why even some CPAs misunderstand required minimum distributions - [16:20] - Free resource: our **one-page RMD worksheet** to prepare for conversations with your CPA or advisor ---

Welcome back to the Know Your Numbers REI podcast! In this episode, host Chris McCormack dives into the second costly mistake people make regarding their taxes: treating a brokerage account like a retirement plan.Join us as we explore the implications of investing in brokerage and cryptocurrency accounts without considering the tax consequences. Chris shares personal experiences and insights from clients to highlight the importance of understanding how taxes can impact your investment returns.Learn about more tax-friendly alternatives, such as Roth IRAs and cash value life insurance, that can help you maximize your savings and minimize your tax burden. Discover how proper planning can lead to greater peace of mind and financial security in retirement.If you find this episode valuable, please share it with friends and leave us a five-star rating and review! Don't forget to follow our Spotify and Apple podcast channel for more weekly content.Stay tuned for next week's episode, where we'll continue our discussion on the seven costly tax mistakes, focusing on real estate-specific strategies.God bless you and keep moving forward!••••••••••••••••••••••••••••••••••••••••••••➤➤➤ To become a client, schedule a call with our team➤➤ https://www.betterbooksaccounting.co/contact••••••••••••••••••••••••••••••••••••••••••••Connect with Chris McCormack on Social MediaFacebook: https://www.facebook.com/chrismccormackcpaLinkedIn: https://www.linkedin.com/in/chrismccormackcpaInstagram: https://www.instagram.com/chrismccormackcpaJoin our Facebook Group: https://www.facebook.com/groups/6384369318328034→ → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ← https://www.youtube.com/@chrismccormackcpaThe Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

When it comes to our finances, we often wonder: Where does God's provision end and our responsibility begin? Should we simply wait and trust Him—or get to work and provide for ourselves?The truth is, it's not either-or. God calls us to both trust Him and participate in His provision. Not because He needs our help, but because He delights in working through us.Avoiding Two ExtremesYou've likely heard the phrase, “Let go and let God.” While it sounds spiritual, it can sometimes lead to passivity. On the other end of the spectrum, some of us live as if everything depends on us—hustling, stressing, and striving in our own strength.Scripture offers a better way: a life of faith that doesn't ignore work, and a life of work that doesn't ignore faith. God invites us into a partnership—trusting His sovereignty while faithfully engaging in our responsibilities.Paul writes in 2 Timothy 2:6, “It is the hard-working farmer who ought to have the first share of the crops.” The farmer can't make the rain fall or the seeds grow, yet he tills, plants, and harvests. He works diligently while depending entirely on God for the increase.In the same way, we can't control the economy or prevent every financial emergency—but we can make wise choices. By living below our means, avoiding debt, and giving generously, we acknowledge God as our Provider while faithfully stewarding what He entrusts to us.God Provides—We ParticipatePsalm 104:14 reminds us, “You cause the grass to grow for the livestock and plants for man to cultivate.” God causes the growth, yet invites us to cultivate it. His provision is not a one-sided transaction—it's a relationship.We see this throughout Scripture. When Jesus fed the 5,000, He didn't create food out of thin air. Instead, He multiplied a boy's simple lunch. God chooses to involve us, not because He lacks resources, but because He delights in using us to bless others.God's Word makes it clear that provision and work go hand in hand.Ephesians 4:28 urges, “Let the thief no longer steal, but rather let him labor… so that he may have something to share with anyone in need.”1 Thessalonians 4:11–12 calls us to “work with your hands… so that you may walk properly before outsiders and be dependent on no one.”Laziness is never encouraged, but neither is frantic self-reliance. Instead, Scripture calls us to wise diligence rooted in God's faithfulness.Stewardship means recognizing that everything belongs to God. We are not owners but managers, entrusted with His resources to reflect His character.And His provision is never just for us. Paul writes in 2 Corinthians 9:10–11, “He who supplies seed to the sower… will supply and multiply your seed for sowing… You will be enriched in every way to be generous in every way.”God enriches us so that generosity might overflow through us—producing thanksgiving to Him.Living in the Beautiful In-BetweenSo how do we balance trust in God's provision with active participation?Pray before you plan—inviting God into your financial goals.Work with diligence, not fear—resting in His faithfulness, not your performance.Give generously—not because God needs your money, but because He invites you to reflect His heart.Rest confidently—knowing God is at work even when you sleep.At the end of the day, God delights in using ordinary people with ordinary means to display His extraordinary grace. He is the Provider, and we have the privilege of being His participants.Provision, then, is not just about a paycheck—it's about a partnership. Let's stop asking whether it's “all up to us” or “all up to God” and embrace the beautiful in-between: trusting Him, working faithfully, and joining Him in the joy of provision.On Today's Program, Rob Answers Listener Questions:My wife and I inherited a house from a family member in another state. We'd like to keep it available for friends, family, or church members to use, rather than renting it out. What do you think about that approach?My wife and I are in our early 80s. Years ago, we used our Roth IRAs to pay off our home, allowing us to live debt-free in retirement. We use our IRA for charitable giving, but with the rising cost of living, I'm wondering if a reverse mortgage could be a smart tool. What's your advice?If I already have a living will, will my assets still need to go through the probate process?I've had a long-term care policy since 2018 with $400,000 in coverage, but I was told there's a six-month waiting period before it pays out. That seems long to me. Should I consider canceling the policy?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.

Tom Cock hosts this week's Talking Real Money solo while Don visits his mom. He reflects on Appella Wealth's annual client event, where clients talked more about travel, grandkids, and weather than money—showing that the firm's real value is helping people worry less about markets and more about life. Tom takes listener calls covering whether to renew CDs or move into bond funds, the high costs of closed-end muni funds, portfolio planning with Roth IRAs and target-date funds, estate planning with mutual fund capital gains, and frustrations with annuities. Throughout, Tom stresses planning, simplicity, ignoring noise, and putting money in its proper place. 0:04 Don out visiting his mom, Tom hosts solo 0:48 Market news and Appella Wealth annual client event recap 2:36 What clients really talk about: travel, family, weather—not money 3:25 Why clients worry less about markets when planning is in place 5:59 The importance of advisors (or DIY) in managing rebalancing, taxes, RMDs 7:09 Caller Bill (MN): Renew $200k CDs at 4% vs move into bond fund 11:25 Caller Jim (TX): High-fee muni closed-end funds, whether to sell 13:20 Caller Tom (VA): Planning Roth IRA allocations, target-date funds at Fidelity 18:53 Caller Gene (MD): $8M estate, big mutual fund gains, reducing taxes for heirs 28:12 Caller Bernadette (WA): Regrets annuity with USAA, options for moving it 31:18 Tom's guidance: why annuities disappoint and fiduciary help matters 32:41 How to “put money in its place” if you're a DIY investor Learn more about your ad choices. Visit megaphone.fm/adchoices

Tait Duryea and Ryan Gibson welcome Mat Sorensen, CEO of Directed IRA, for a powerful discussion on how pilots and high-income professionals can unlock private investment opportunities through retirement accounts. From self-directed IRAs to Solo Ks, Mat explains the mechanics of rolling over old 401(k)s, navigating recent regulatory changes, and tapping into lucrative private markets that were once out of reach. Mat Sorensen is the CEO of Directed IRA and Directed Trust Company, where he oversees thousands of self-directed retirement accounts including IRAs, Roth IRAs, HSAs, and Solo 401(k)s. He is also a senior partner at KKOS Lawyers and the bestselling author of The Self-Directed IRA Handbook. A recognized leader in the self-directed investing space, Mat has helped countless professionals leverage retirement accounts to access private investments and alternative assets.Show notes:(0:00) Intro(4:15) $44 trillion in U.S. retirement accounts(5:06) Trump's executive order on 401(k)s(10:03) Fewer public companies, more private options(20:13) IRAs vs. 401(k)s for private investing(26:05) Pilot story: confusion with mutual funds(28:37) Tax implications of IRA vs. cash(35:29) How Mat vets private dealsHelpful Links: Website: https://matsorensen.com Mat's PodcastsDirected IRA Podcast → https://directedira.com/education/#category-podcastsMain Street Business Podcast → https://www.mainstreetbusiness.com Alternative Asset Summit → https://www.altassetsummit.com (October 16–17 in Scottsdale, AZ)—Houston Bus Tour Registration: https://www.eventbrite.com/e/houston-self-storage-portfolio-bus-tour-tickets-1591575237379?utm_experiment=test_share_listing&aff=ebdsshios&sg=ed19105646f93b16506dd629ad293a6953b60f4c21904c87d174147bc25617d71f6099f588a1abb3a895fbbeef2578e057d6effbb7d6e124cd35f68fece2d51827faa0c5beabab7ede30c93969 — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you on the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.

Residency teaches you how to save lives, but does it teach you how to save money? In this episode of BackTable Urology, Dr. Sammy Elsamra joins host Dr. Gina Badalato to unpack the essentials of financial planning during and after urology residency. From budgeting and managing loans to covering living expenses, Dr. Elsamra emphasizes the importance of building an emergency fund, addressing high-interest debt, and following the 50-30-20 rule to maintain stability.---SYNPOSISThe conversation also dives into long-term strategies like Roth IRAs, tax-advantaged accounts, and the role of disability and life insurance in protecting your future. With recommendations such as The White Coat Investor and foundational financial books, Dr. Elsamra equips trainees with the knowledge and resources they need to set themselves up for lasting success. This episode is a must-listen for residents aiming to take control of both their careers and their financial futures.---TIMESTAMPS00:00 - Introduction01:56 - Post-Residency Financial Realities04:43 - Budgeting During Residency07:23 - The 50-30-20 Rule08:06 - Investing During Residency15:29 - Financial Planning for Attending Physicians24:42 - Understanding Insurance: Life and Disability33:11 - Resources and Advice for Financial Success---RESOURCESThe White Coat Investor (podcast and books):https://www.whitecoatinvestor.com/The Millionaire Next Door (book):https://themillionairenextdoor.com/

David explains why A.I. could make Universal Basic Income (UBI) a reality sooner than you think. As machines take over more jobs—especially white-collar ones—we may need a new safety net just to keep society stable. Why UBI is no longer a fringe idea but a serious policy being considered in Washington. It promises monthly cash payments to every adult, regardless of their job or income. David highlights the staggering cost of UBI if implemented today. At $12,000 per adult annually, the total price tag would hit $3.1 trillion a year—equal to all Social Security and Medicare spending combined. How to wrap your head around what that means for taxes. To fund UBI, the government would need to raise taxes by at least seven percentage points across the board. David shares what that looks like in real life. If you're in the 22% tax bracket now, that could jump to 29%—even before you factor in state taxes or future hikes. With rising national debt and shrinking tax bases due to A.I., David believes higher taxes may become the new normal. David explains how this affects your retirement plan. If you're deferring taxes in a traditional IRA or 401(k), you may be setting yourself up for a bigger tax hit down the road. How to avoid that painful surprise later. Today's low tax rates could be the best deal you'll ever get—so delaying taxes could mean missing the window. David shares the smart move more Americans should be making right now. Start shifting money into tax-free accounts like Roth IRAs while the current tax laws still work in your favor. David covers a powerful example to bring this to life. Imagine you're 55 with $1 million in a traditional IRA and expect to pay 22% in taxes. If taxes go up by 20 points in the next decade, you could lose hundreds of thousands more to the IRS than you need to. Why waiting for retirement to convert to Roth might be a big mistake. The longer you wait, the larger your account grows—and the more you'll owe when rates are higher. How to protect yourself from what David calls a “perfect storm” of higher taxes and shrinking benefits. You can't control what Congress does—but you can control where and how your money grows.     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

Roth IRAs have been around since 1997, but many people still have questions about how they work and whether they make sense for their retirement strategy. In this week's episode of Retire in Texas, Darryl Lyons, CEO and Co-Founder of PAX Financial Group, unpacks the power of Roth IRAs and how they differ from traditional IRAs. Show Highlights: The difference between marginal and effective tax rates - and why it matters for Roth contributions and conversions. Real stories of how retirees and pre-retirees have used Roth conversions to reduce future tax burdens. Key considerations before converting, including cash needs, Medicare IRMAA surcharges, and tax brackets. The impact of Roth IRAs on estate planning and how they can benefit the next generation. Contribution limits for 2025 and how Roth 401(k)s compare to Roth IRAs. Whether you're just starting out, approaching retirement, or thinking about legacy planning, this episode will give you practical insights into how a Roth IRA may fit into your overall financial plan. If you enjoyed today's episode, be sure to share it with a friend or family member!

This lively episode of Talking Real Money features trivia-packed investing fun, smart listener questions, and sharp commentary from Don and Tom. They dive into a Wall Street Journal quiz on investing genius, exploring surprising historical returns and market myths. Listener calls span a range of financial planning topics—from special needs trusts and Roth IRAs for kids to emergency fund placement and ETF selection. 0:04 Don and Tom banter about working weekends and boomers in the office 1:55 Wall Street Journal quiz: Are you a stock market genius? 3:20 Which stock created the most wealth in 100 years? (Hint: it wasn't Apple) 4:19 Why Altria (Philip Morris) beat the rest 5:31 Berkshire Hathaway drops 99%—would Buffett still beat the market? 6:37 Show mission: make investing simple, not complex 8:28 Caller Valerie: Investing for a daughter with disabilities using Vanguard ETFs 10:24 Portfolio review and discussion of special needs trusts 11:20 Structuring brokerage accounts with trust beneficiaries 13:31 Caller Steve: Roth IRAs for sons, target date vs. all-equity funds 14:36 Tom critiques Schwab's target date funds—Vanguard preferred 16:20 Future value of $10K over 50 years at 10%—retirement math 17:20 Caller Sam: Can he gift stock into a Roth IRA? (Spoiler: No, but workarounds exist) 18:59 Economist “Felicity Foresight” exercise—guess the ending balance after 100 years of perfect timing 20:34 The shocking power of compound returns: $10 quintillion 22:15 Geography jokes, the U.S. “Middle East,” and why cruises go to Juneau 23:39 Written Question (Bruce): Keeping emergency funds in a Schwab money market fund 25:10 Online bank trust vs. FDIC insurance—why it's safe 27:51 Don calls Tom a “premature curmudgeon” 28:30 Caller West: Should he add SGOV to his BND bond portfolio? 29:52 BND vs SGOV explained—behavior during rate changes 30:37 Back to WSJ quiz: investing trivia and early company names 31:31 Bezos almost named Amazon “Kadabra”; Google was almost “Backrub” 33:20 What's a googol? And why Google isn't even the biggest number 34:48 Shoeshine story: how Joe Kennedy dodged the ‘29 crash 36:39 Caller Diana: Investing for four grandkids—gold coins vs stocks 38:41 Why diversified ETFs beat Boeing stock or gold coins Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you really need a Roth IRA in retirement? Personally, I don't think so if you create a good income plan, so in today's episode, I share how a couple with $1.2m can generate tax-free income in retirement without any money in Roth IRAs.Other episodes or videos mentioned: Social Security Tax Video: https://youtu.be/fvrpISbRVak?si=g1qdLsCw-H9LMmYzTax-Gains Harvesting Video: https://youtu.be/7Qz0FD4XeN8

Today's show exposes how Barron's ran an undisclosed advertorial from a high-fee bond fund manager pushing junk-heavy, risky products while trashing traditional bonds with misleading comparisons. Don and Tom explained why safe bonds should stay short-to-intermediate term and simple, called out a Starlink “$127 for life” internet scam, and fielded listener questions on tax-adjusted rebalancing between traditional and Roth IRAs, trimming long-held Microsoft vs. American Funds, Social Security timing myths, and why Bitcoin isn't an investment. An email question on replacing BND rounded out the episode with a reminder that its structure still works for most investors. 0:04 Opening; Barron's undisclosed advertorial problem and high-fee, junk-heavy bond funds 5:06 Scam watch — Starlink $127-for-life ad and why nobody will protect you but you 9:41 Caller Rob: Tax-adjusted IRA rebalancing, simple three-fund global strategy with overlap 16:11 Caller Bob: Which to trim first — Microsoft vs. American Funds ICA 21:41 Caller Tony: Social Security timing and why trust fund worries aren't a reason to claim early 26:27 Caller Bruce: Bitcoin as speculation, not an investment, and the altcoin glut 35:13 Email: Swapping BND for short/intermediate bonds — why BND's structure still works Learn more about your ad choices. Visit megaphone.fm/adchoices

More than half of Americans feel behind on retirement savings, but the good news is, it's never too late to level up your strategy. Today, Nicole walks you through Individual Retirement Accounts (IRAs): what they are, how they work, and how they can help you build real wealth for retirement. She unpacks the key differences between Traditional and Roth IRAs, how to choose the right one (or both!), and what tax implications to keep in mind. Plus, Nicole shares a workaround for high earners and shows you how to open your own IRA today. Whether you're just starting out or optimizing your retirement game plan, this episode has something for you. Ready? Open an IRA today. This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. As part of the IRA Match Program, Public Investing will fund a 1% match of: (a) all eligible IRA transfers and 401(k) rollovers made to a Public IRA; and (b) all eligible contributions made to a Public IRA up to the account's annual contribution limit. The matched funds must be kept in the account for at least 5 years to avoid an early removal fee. Match rate and other terms of the Match Program are subject to change at any time. See full terms here. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC.  *APY as of 6/30/25, offered by Public Investing, member FINRA/SIPC. Rate subject to change. See terms of IRA Match Program here: public.com/disclosures/ira-match.