Podcasts about roth iras

Welcome back, real estate investors! Ready for a steady base hit to add to your portfolio? In today's episode of our 50 Note Deals in 50 Days series, host Scott Carson breaks down an incredible performing note deal located just 45 miles south of San Antonio in Charlotte, Texas. If you think you need millions of dollars to start buying notes, think again. This episode reveals how a small-balance investment can yield massive equity protection and double-digit returns. Key Topics CoveredThe Power of Asset Equity: This updated 1970 single-family home sits on nearly an acre of land and is valued at over $220,000, but has a tiny loan payoff balance of just $34,000—giving the borrower a massive 85% equity stake. Strong Performance History: Though it was once a non-performing loan, the owner-occupied borrower has been back on track and paying consistently on time for over 12 months. The Investment Breakdown: Learn how purchasing this note at an 80% discount (around $28,000 including fees) generates a strong 14%+ annual cash-on-cash return via passive monthly cash flow. First-Lien Security in Texas: Discover why the legal protections of a first-lien position in Texas make this a safe, high-upside play if the borrower ever defaults or opts for a cash-out refinance. Perfect for Self-Directed IRAs: Why small-balance notes under $50,000 are the ultimate hands-off, turnkey starter strategy for Roth IRAs, traditional IRAs, or Solo 401(k)s. Conclusion & Next StepsDon't let your investment capital sit idle this summer. Whether you want to purchase a performing asset or fully master the note buying industry, taking action is your next step. Ready to submit an offer or learn more? To learn the ins and outs of the business, grab your $99 seat for the upcoming two-day workshop on August 29th & 30th at NoteBuyingForDummies.com. Go out, take action, and we'll see you at the top!Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

How do you give your kids every advantage without raising kids who expect life to hand them everything? In this episode, Dr. Lauryn and Kirby unpack one of the biggest first-generation wealth parenting dilemmas: using money to create opportunity while still teaching work ethic, perspective, gratitude, and financial responsibility.Together, they talk through the money conversations they're having with their kids, from career choices and salary expectations to credit history, Roth IRAs, 529 plans, cars, jobs, chores, and college. They also share where they feel confident, where they still feel like they're figuring it out, and why the way you live may teach your children more about money than anything you say.Key Takeaways:Financial literacy starts with honest conversations. Lauryn and Kirby explain why kids need to understand the connection between career choices, income, lifestyle, debt, and the tradeoffs that come with every path.Wealth can create opportunity without creating entitlement. They discuss tools like building credit history, employing kids through the family business, Roth IRAs, 529 plans, and college planning while still keeping the bigger focus on responsibility.Work ethic is modeled more than it is preached. Kids are watching how you spend, save, work, repair, travel, and find joy, which means your everyday choices may shape their money mindset more than formal lessons.Parenting financially smart kids requires ongoing course correction. Lauryn and Kirby share why they're looking for signs of independence, gratitude, and initiative now, while their kids are still young enough to be guided.Resources:Find all things Dr. Lauryn B including ways to work with herFollow Dr. Lauryn: Instagram | Facebook | LinkedInFollow She Slays on YouTubeMentioned in this episode:Clinic MindClinic Mind is the all-in-one EHR and practice management platform built for chiropractors — billing, documentation, scheduling, and patient follow-up in one place, whether you run a cash practice, take insurance, or are scaling to multiple locations. She Slays the Day listeners get an exclusive offer.Clinic MindHolistic Marketing HubWant to attract ideal patients to your clinic? No time to utilize your clinic's social media pages? Holistic Marketing Hub teaches you (or one of your team members) exactly how to use your clinic's Instagram account to find and attract those patients in your community. Use code "SheSlays" to get $300 off!Holistic Marketing HubINSiGHT CLAThis episode is brought to you by the INSiGHT scanning system from CLA, the tool that helps chiropractors show patients objective neurological data so the value of care becomes clear, fueling conversion, retention, and growth. She Slays listeners get preferred pricing, affordable financing, and a free Getting Into Scanning guide.CLA (Current)

Can you use a Roth IRA to invest in real estate? In this episode of The Real Wealth Show, Kathy Fettke talks with Chris Barnette of Inspira about Roth IRAs, backdoor Roth strategies, Roth conversions, and how investors can build tax-free wealth through real estate.   Want to learn more? Visit www.realwealth.com/inspira to connect with Chris and his team.     DISCLAIMER The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.RealWealthShow.com.  

Roth accounts can play an important role in retirement planning, but the right approach depends on your individual financial situation. In this video, we discuss a variety of Roth tactics, strategies, and planning considerations, including Roth IRAs, Roth conversions, tax diversification, and factors that may influence when these strategies are appropriate. The goal is to provide educational information to help you better understand how Roth accounts fit into a broader retirement plan. This content is for educational purposes only and is not intended as financial, tax, or legal advice. Consult a qualified professional before making financial decisions. If you'd like to speak with Chris to build a personalized retirement plan that addresses your unique goals, please give him a call at (800) 868-1194 or visit www.McIntireRetirementServices.com

Roth accounts can play an important role in retirement planning, but the right approach depends on your individual financial situation. In this video, we discuss a variety of Roth tactics, strategies, and planning considerations, including Roth IRAs, Roth conversions, tax diversification, and factors that may influence when these strategies are appropriate. The goal is to provide educational information to help you better understand how Roth accounts fit into a broader retirement plan. This content is for educational purposes only and is not intended as financial, tax, or legal advice. Consult a qualified professional before making financial decisions. Don't forget to subscribe for more content from GulfCoast Financial! For more information, contact John Kuykendall at (386) 755-9018 and visit https://www.gulfcoastfinancial.net/

What if you could start building wealth for your kids today while creating a tax-smart benefit for your employees at the same time? In this episode, we break down the new Trump Accounts, including who qualifies for government contributions, how to set them up, contribution limits, and strategies for parents, grandparents, and business owners. We'll also cover how these accounts compare to Roth IRAs, their long-term wealth-building potential, and why they can be a great tool for teaching kids about investing and financial responsibility. _______________________________________ Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free resources, videos, and tools: Visit www.wealthgame.io For specific one on one, or group support for tax planning, strategy, tax preparation, bookkeeping, accounting, or other CPA firm related services, we recommend going to www.bementcompany.com to connected with our team of CPAs and professionals. Thank you for listening to another episode of the Wealth Game Podcast. The goal is to get informal yet actionable advice directly to business owners and investors. The episodes are intended to be short and simple to allow busy professionals to get right to the point of growing their wealth and reducing their taxes. For additional information and links to all available platforms please visit our website at www.wealthgame.io Contact Us: Websites: www.wealthgame.io www.bementcompany.com You can also stream The Wealth Game on: Spotify: https://open.spotify.com/show/5vKCgwK9K7zw1FrXoNAdoh?si=b95d0293bb4b41ad Apple Podcasts: https://podcasts.apple.com/us/podcast/wealth-game/id1638735155 Connect with Brent Bement: LinkedIn: www.linkedin.com/in/brentbement X: https://x.com/brentbement Instagram: https://www.instagram.com/brentbement/

Is retirement just about accumulating assets, or is it also about creating the flexibility to spend your time in ways that matter most to you? Join Wes Moss and Christa DiBiase on this episode of the Retire Sooner Podcast as they explore retirement planning, investor behavior, and the financial decisions that may influence long-term outcomes. • Discover why building wealth and preserving wealth often involve different financial considerations. • Examine how emotions, habits, and investor behavior may affect financial decision-making over time. • Explore the transition from asset accumulation to retirement income planning and risk management. • Consider listener questions on pensions, Social Security claiming decisions, longevity, and retirement income strategies. • Evaluate factors investors may weigh when considering Roth conversions and portfolio rebalancing. • Learn about the **five-step **Retire Sooner Method from Wes's new book, and the role financial and happiness "green zones" may play in retirement planning. • Understand what some may refer to as the "ultimate dividend"—the freedom and flexibility many people seek through thoughtful financial preparation. • Compare perspectives on equity-indexed annuities, bonds, fiduciary standards, and financial product considerations. • Review financial planning concepts for younger investors, including Roth IRAs, long-term saving, and preparing for future homeownership. Whether you're preparing for retirement or already navigating it, this episode examines the intersection of financial planning, investor behavior, and personal fulfillment. Listen and subscribe to the Retire Sooner Podcast, and pre-order Wes Moss's new book, The Retire Sooner Method, to learn more about the planning principles discussed in this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

Vivian is doing a much requested diving deep into the world of investing and breaking down exactly how you should be handling your money, whether you've got an arsenal of financial advisors or you've never bought a single stock. From choosing the right account to understanding ETFs, index funds, and robo-advisors, this episode is your step-by-step guide to building wealth through investing without getting overwhelmed by Wall Street jargon. In this episode, you'll learn: 1. How to start investing from scratch, including the difference between brokerage accounts, IRAs, Roth IRAs, 401(k)s, and other investment accounts… and how to choose the right one for your goals. 2. Why finding the "perfect" stock is the wrong goal, how diversified investments like ETFs and index funds can help reduce risk, and what to look for when evaluating investment options. 3.How to build a long-term investing strategy that works in real life, including managing market volatility, balancing investing with debt repayment, understanding fees, and overcoming the fear that keeps so many people from getting started. Follow the podcast on Instagram and TikTok! Got a financial question you want answered in a future episode? Email us at podcast@yourrichbff.com  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ilyce Glink, CEO of Think Glink, joins Bob Sirott to explain what a Roth IRA is and why younger generations are investing in them for their retirement. She also shares details about the different Affordable Care Act plans and her advice about which company is supplying your insurance.

In this episode, John and Nick explain the Mega Backdoor Roth strategy and how high-income savers may be able to contribute significantly more to Roth accounts through their workplace retirement plans. They break down the rules, requirements, and potential tax benefits, while highlighting who may benefit most from this advanced retirement planning strategy.   Helpful Information: PFG Website: https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email: info@pfgprivatewealth.com   Disclaimer: PFG Private Wealth Management, LLC is an SEC Registered Investment Advisor. 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. The topics and information discussed during this podcast are not intended to provide tax or legal advice. Investments involve risk, and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed on this podcast. Past performance is not indicative of future performance. Insurance products and services are offered and sold through individually licensed and appointed insurance agents.   Marc: This week on Retirement Planning Redefined, part two of our conversation about the backdoor Roth IRA. This is the mega backdoor Roth. Let's get into that conversation with John and Nick.   Hey, everybody. Welcome into the podcast. This is Retirement Planning Redefined with John and Nick from PFG Private Wealth. Find the guys online at pfgprivatewealth.com. That's pfgprivatewealth.com. And it sounds like something, guys, out of a, I don't know, out of a superhero story or something. It's the mega backdoor Roth. And that's the topic of the conversation this week. So we're just going to dive right in because there's a lot to cover anyway. So we'll just jump in and get going.   I guess, Nick, if you want, why don't you talk to us, give us a really, really short recap of what we talked about last week for those who may have not listened to that podcast. And then what's to understand what to do if you want more than the IRA limits and just kind of set us up here a little bit for understanding the mega backdoor Roth.   Nick: Sure. So just a quick recap on a Roth IRA and the benefits of it. So contributions typically are with after tax dollars. So income that has already been taxed. The account grows tax deferred, so you don't receive a 1099 each year. And then the withdrawals are tax-free after 59 and a half. The Roth IRAs do not require required minimum distributions, which are nice. And they're a great place to have more of your growth oriented assets because of the tax-free upside and the fact that you can leave a tax-free account to your beneficiaries.   Marc: Gotcha. And I guess some confusion here, guys, and help me out to understand this a little bit, is that we've been thinking about the Roth. We typically just, I've been saying just the Roth, that's the IRA. But because they have now created the Roth 401Ks, that adds a little confusion to the conversation as well. It's always funny because the word contribution and contribution, excuse me, and conversion confuse people. So it just confused me right now. But also 401, the Roth 401k and then the Roth IRA is now confusing people as well too. So are we talking a little bit more about on this episode, that mega backdoor Roth being from the workplace plan? Is that what we're looking at here?   John: Yeah. So we'll have to leave the IRA world and jump into the 401k plans where they have much larger contribution limits, which is where we get our superhero work.   Marc: The mega term. Okay. Yeah.   John: Exactly. We could do a lot more of what we discussed last week. So if you like the benefits Nick went over, this is a great way to really maximize those benefits.   Marc: Okay. Well, let's start with the limits. What are the limits? I guess again, we're in the 401k plan now.   John: Yeah. So for 2026, under the age of 50, standard contribution limit is 24,500. There is a catch-up, and for today's purpose, we'll just talk about the standard contribution. When you are talking catch-ups, just whatever we're discussing, add the catch-up to it. But for today's purpose, to keep it simple because we are going to do a deep dive into some of these numbers, let's just assume standard contribution limit, which for this year, 24,500. And what a lot of people aren't aware of because it typically doesn't apply is your total limit to the 401k contributions. Now this is employee and employer is actually 72,000 for 2026, and that gets adjusted up every year similar to the standard contribution limits.   Marc: Oh, okay. Wow, that is a big number.   John: Yeah, it's mega.   Marc: Yeah, it's mega. Yeah. So why would the IRS build a $72,000 ceiling if they cap the personal down so low? So I guess what's the other 47,500?   John: Yeah. So one of the things that we focus on is 401ks, which comes with employee benefits, perks, things like that. And some people hear the term matches quite a bit.   Marc: Sure.   John: Another one is profit sharings. So that $72,000 limit is basically the IRS saying, hey, the employee can do this amount, and if the employer's going to give X amount of benefits, it really can't go over this $72,000 threshold. So that's pretty much what it is. The IRS basically said, hey, let's put some limits to this so we can't over commit to people or do ... They want to be able to provide a benefit, but not go crazy with it. So that's where we get the number.   Nick: And to kind of summarize that, a away to think about it is that there are standard limits for the employee contributions. And sometimes as an example, we've seen clients say, we've told them, especially new clients, like, "Oh, well, I'm maxing it out when you include the employer match." And it's like, no, those contributions are for your dollars. And then this overall maximum amount that John's referring to is a combination of employee and employee dollars. So it's like two separate tranches within the same year of the same plan.   John: To confuse everyone a little bit more, part of that 72,000 is, if your plan allows it, and we'll dive into this, is what they call the after tax contribution to a 401k. And I know we hit it last week, but that is something that goes into this feature, which is actually older than a Roth 401k, but it's not used very often or not many people are very aware of it, but we'll jump into it today.   Marc: Okay. So the mega backdoor strategy is the employee kind of hacking, if you will, this potentially unused space. So can one of you guys maybe do a numbers example where it maybe will make a little bit more sense for folks?   Nick: Sure. I'll kind of break it down and give an example. So let's say that there's a 40-year-old and because they're under age 50, their standard contribution into their retirement plan is going to be 24,500, so around two grand a month. In this case, their employer matches and the total amount of the match throughout the year is 10,500. So when you combine those two amounts, the total balance for the year, not including any gains or growth is going to be the total amount contributed is $35,000 for the year. So when we go back to that aggregate ceiling that John mentioned, the 72,000. So with our basic math, and if you're not good at basic math, now we have AI that helps us.   Marc: You got 37 grand basically, right?   Nick: Yep. So 72 minus 35 is $37,000. That is the gap or kind of the unused space below the IRS guideline. So that's the number that we can target should the plan allow it to build in or if you have ... All this is dependent upon cash flow, of course, but if you have the cash flow to be able to save additional money into the plan.   Marc: Gotcha. Okay. So that makes a little bit more sense, right? So you've got that space. It's almost kind of like filling up your tax brackets before you move to the next tax bracket, if you want to think about it that way, not to add more confusion to it.   John: Yeah. It's like filling up your gas in your tank here. I got this gap here. Let me, with the rest of this, like we said, Nick said, I said, if the plan allows it, I can do some after tax contribution up to that ceiling.   Marc: So all right, with the Roth 401k existing now, and those contribution numbers are higher, because part of the reason for this hybrid guys, when they made the Roth 401k is you get the income limits of a traditional 401k, but you get the Roth benefits of the Roth IRA. That's why they kind of merged these two together because people often say, "Hey, I make too much money to use a Roth IRA." But the Roth 401k is higher. Isn't this just what this is, just a contribution to a 401k? It kind of feels like it.   John: It's not because the Roth 401k is a formal tax designation that falls under that standard contribution limit, that 24,500.   Marc: Okay. All right. Back to the standard 24. Okay. Yeah.   John: Yeah. Yeah. So kind of think about it that way. It's that, hey, your pre-tax 401k contribution and the Roth 401k contribution are subject to that standard contribution limit, which in 2026 it's 24,500. And with the Roth 401k, it's after tax money and growth is tax deferred and tax-free distribution. Where the after tax, and we talked about that in detail, it's after tax contribution, but the growth is tax deferred, but the growth if pulled out will be taxed, the earnings on that. So again, kind of caveat to understand the difference between those two contribution types.   Marc: Gotcha.   Nick: Yeah. And in general, a lot of the podcasts that we do are focused on broader base impacts a lot of people. This is definitely a niche sort of strategy. There's not a huge percent of the population that has, number one, the ability to do this in the plan, but also the cashflow to do it.   Marc: Gotcha.   Nick: But for those that do, it can be a massive, massive edge on what they're trying to accomplish.   Marc: Yeah. Well, especially with that aggregate number, right? So the rules, they're not as genus or generous, I should say, I guess as they are.   John: Yeah, exactly. They won't let us take advantage of too much stuff. So basically it's like, hey, again, if the plan allows it, you can do more contribution, but it will be taxed when it comes out of the earnings portion of that.   Marc: Okay. So to clarify, if I got this right based on Nick's example a second ago, that extra $37,000 gap, again, just to kind of recap, we had that we put in 24,500, the company did 10,500 for total of 35,000, 72 is the aggregate there. So left us with that $37,000 gap. So if I drop 37,000 of after tax into that gap, I'll get hit for taxes on all the compound interest of that growth when I pull it out, correct?   John: Correct. Yes.   Marc: Gotcha. Okay.   John: Yeah. Which is the difference with the Roth where everything's tax-free.   Marc: Yeah. So every dollar gets taxed.   John: Every earning dollar gets taxed.   Marc: Earning dollar. Okay. All right.   John: Yeah.   Marc: So this after tax contribution isn't the destination, it's just the first step, sounds like.   John: Pretty much, yeah.   Marc: Okay. All right. What else?   John: So step two would be the actual conversion or the conversion or basically putting these funds into the Roth account, whether it's a Roth 401k or Roth IRA and we'll go over the two different ways you can do it. So that would be the next step is converting it or transferring it before there's any gains similar to what we discussed last week. Once there's gains in this after tax contribution and growth, now it's subject to taxes. So you want to do an immediate conversion or transfer to either to a Roth style bucket. I want to give an example of not converting immediately, what happens in that situation. So let's say you do an after tax contribution of $10,000 dollars and you forget to convert it. And that $10,000 now grows to $15,000. So you have $10,000 is your cost basis, what you put into it and $5,000 is gained. So if you do the conversion after you have that gain of $5,000, your taxable income goes up by the taxable gain amount, which is the 5 grand. So you're taxable income goes up by 5 grand, so you want to make sure you do the conversion immediately to avoid that additional tax hit from happening.     Marc: Gotcha.   John: And then once it's in that Roth bucket, basically everything is tax-free and tax-deferred, tax-free, and subject to the Roth rules.   Marc: Yeah, the age rules and time rules, all that good stuff.   John: Yeah.   Marc: So John, can everyone do this?   John: Yeah, so I'm going to give you the annoying answer of it depends, and it depends on if your 401 k has particular features to it. And one of those features are, does the 401 k allow for after tax non Roth 401 k contributions? Okay, so you have to check that, so that'd be a question to the plan administrator, HR, whoever handles it. So, if that is allowed, the next question is, can you do the conversion? And there's two ways you can do the conversion with with these 401 k plans. Option one is you do an in-service rollover and you roll the funds out to your Roth IRA, and it converts once it rolls out to your Roth IRA. Okay. Option two is you do an in-plan 401 k Roth conversion, so all the money stays within the plan.   Marc: Gotcha.   John: Okay, let's kind of review the in-service rollover strategy. So, while you're working, you're still employed, so that's where the in-service comes into play. What you would do is call up the provider and say, "Hey, I'd like to roll out these after-tax contribution funds to my Roth IRA. Again, outside of the plan you're rolling it out. So, when you do that, it creates the conversion when that happens. So, once it goes from the after-tax contribution in the 401 k goes to your Roth IRA. Now the funds grow as if it's a Roth IRA.   Marc: Now it's Roth money, right? Okay,   John: Correct. So that completes that transaction. So something to be aware of, and we talked about this last time when we talked about the back door Roth with the Roth IRA is the pro rata rule. When you do it this way, the pro rata rule applies. If you have pre-tax IRA, there's not to confuse everyone even more, but there's a formula involved. If you have pre-tax IRA money and you do the conversion this way, there is some type of formula. So, again, meet with the CPA, your financial advisor, if you're going to do this type of strategy while you have a pre-tax individual retirement account, IRA balance, okay,   Marc: Geat, yeah, great disclosure there to make, make note of. So, good point there, John. What if your plan doesn't allow that?   John: Yeah, so let's say you, your plan doesn't allow the in-service rollover, in-service withdrawal, whatever you want to call it, or you're not eligible to do it because you know certain plans you have to be above the age 59 and a half to do that. So, okay, recapping, your plan isn't - you're not eligible to take advantage of the in-service withdrawal slash rollover in your plan. The next thing you want to look at is, okay, does my plan allow for in-plan Roth conversions? So, that would be where everything stays within the 401 k hub, and what you're doing is you're converting the after-tax dollars right into the Roth 401 k funds. Okay, so it's pretty simple here. The money goes in after tax, and then you do the conversion within the plan, and now it shows up into your Roth 401 k balance. So, it doesn't create a taxable event, then doesn't create a taxable event, because well, let's backtrack. If you do the conversion immediately before there's any gains on the after-tax funds, it does not create a taxable event in that situation.   Marc: Gotcha. Okay.   John: All right. Okay. And something to note here, and I referenced the pro rata rule on if it goes to a Roth IRA within the 401 k, that pro rata rule does not apply. Okay, so that's a nice benefit of keeping it within the plan, is you don't have to worry about that formula if you have pre-tax balances.   Marc: Gotcha. Okay, there's a lot to digest, for sure.   John: It is. And actually, some plans I was just working with someone, and their plan actually had basically automatic conversions, so it was a feature where daily any money that hit the after-tax account would automatically convert to the Roth 401 k, so it basically could put on autopilot and not worry about it.   Marc: Yeah, so it sounds like obviously these plan-specific features can provide possible green lights to do this, but you got to check that stuff.   John: Yeah, exactly. And then, and just to clarify that pro rata rule, because it is confusing is if you do an implant conversion again, this is all within the 401 k plan. So you convert from after tax in the 401 k to Roth in the 401 k, and let's say you have a balance of $400,000 pre tax. The pro rata rule does not apply, you can convert it, not worry about, hey, how much do I have pre tax versus if you roll it out of the 401 k into a Roth IRA, the IRS will look into if you have any money in a pre-tax traditional IRA, and if you do, that's when the formula kicks in. Okay, so just, you know, that's an important caveat that I've seen people miss if they do conversions, and it's just important to, you know, talk to somebody, and before you execute these strategies.     Marc: Okay. Yeah. So obviously there's a lot of nuance here, so there's a lot of things you got to be aware of. So making sure specific plan features have the green light, I guess, is one of the major steps to consider on this, Nick, right?   John: One thing that we missed here, which is separate from the IRAs. So not to confuse everyone even more, when you do a conversion within a plan, there is no pro rata rule like the IRA. So it doesn't matter if you have 400,000 in your pre-tax 401 and you do a conversion, there's none of that formula there so you can do it and have no issue.   Marc: Gotcha. And so circling back, Nick, you mentioned earlier, you got to check with the company, I guess, to make sure, again, we're talking about workplace plans here to make sure that they even have this green light to get this done.   Nick: Yeah. Realistically, if somebody was trying to figure out the steps on navigating this, step one is contact your employer, HR department, and ask if the plan allows for non-Roth after tax contributions. That's step one. And then you kind of cascade down to the other parts or reach out to us and we can help walk you through it because all the details might make you want to cry.   Marc: Right. Okay. All right. So let's say a ton of stuff here to think about, obviously a lot of stuff to process. So I guess, okay, here's a big question then. So you walk through the rules, some of the mechanics of whether you can do it. I guess the question, John, is should you? Just because you can do something as the saying goes doesn't mean you necessarily should.   John: Yeah. So that really probably should be the starting point. So you don't have to go ask all these questions, see if you're eligible to come to find out, hey, I probably even shouldn't do this strategy. So if it goes back to planning, of course, can you afford to put a total of up to 72,000 potentially away into a 401 plan? If you can afford it and not have to worry about expenses and things like that, then now you should start considering it because this is a pretty risky strategy because you are locking up a lot of money subjecting it to all those IRS rules and penalties and things like that.   And then the other thing is, do you need the balance of having some more Roth funds, which I would say most people do where it's, do I need a good mix of pre-tax and after-tax stuff? Looking at tax brackets now versus in retirement and a lot of the other things that Nick has mentioned, he could probably jump in here and give a few more details of it.   Nick: So I'll give a couple other ideal candidates as an example. So let's say that somebody is a person or a household, high-income earners, they're maxing out their 401k contributions. They don't have a lot of Roth money because their income is high enough where kids are grown, they're taking a hit from a tax perspective if they're not doing pre-tax contributions. And maybe they're saving a big chunk of money every month or every year into a non-retirement account, but they've also built up a decent balance in that account. And so they're looking for a way that they're not going to give up the deduction that they're getting up for their regular 401k contributions, but they want to develop some Roth funds and they make too much money. And so it's like, okay, check, check, check, here's a perfect place to do it. Another way, another circumstance that could make a whole lot of sense, inheritance.   So dependent upon the structure, if somebody inherits money from an IRA, from a non-spouse, they have 10 years to withdrawal and deplete that account. So as that money's coming out, maybe they're looking for a place to put money that can have some tax benefits for them longer term and they have more cashflow in those years of taking out those withdrawals, so that's a place that they can put it. Or somebody's double dipping on Social Security, they're still working and they're taking Social Security and they're looking for a way to deploy some of that money and put it into an account, that's another good opportunity.   Marc: Gotcha.   Nick: So those are all situations that could make a lot of sense and add a layer of strategy that somebody hadn't considered.   Marc: So it sounds like obviously basic Roth conversions, there's some complexity there. You want to check with financial professional. The back door gets even more complicated. Then the mega backdoor gets even more complicated. So at the end of the day, to find out if this is the right strategy and fit for you, it's all about having a plan and running some numbers and getting some math put together to see what makes the most sense. Is that fair, John?   John: It is, because even if you're a fit to be able to defer that amount of money, some of these rules really limit who can actually take advantage of it. Where we see it work quite a bit is solo 401k, someone owns their own company, it's just them and their spouse and they have a solo 401. Well, they can go to the provider and customize their 401 to allow this.   High earners at large companies where, again, don't want to get into the weeds of this, but there's 401 testing rules where it really affects smaller companies. When it's a large company, you don't see the rules affect some of those high earners because in small companies, there's testing and stuff like that. And again, it's more confusing stuff, but smaller companies, it is harder to take advantage of that if you are considered what the 401k Department of Labor considers a high earner. So great strategy if you can afford to do it and you have the flexibility with the 401k to allow you to do it's an excellent way to take advantage of the Roth benefits and maximize it.   Marc: Gotcha. So at the end of the day, it comes down again to having a strategy that fits for your situation. So understanding if it's right for you, do you qualify? How do you do it? Making sure it's done properly is the important pieces of all of this. And that's why we talk often about the fact that growing and accumulating money is a little easier for DIYers to do that. A lot of us can kind of, with the technology and the resources today, can build our wealth. But it's the preservation and distribution stage, which is also known as retirement, that you certainly need some help with because the rules get very complicated. And sometimes when you pull one lever, it affects nine other things that you didn't even realize. So that's why you want to get that retirement plan redefined with John and Nick. Reach out to them at pfgprivatewealth.com. That's pfgprivatewealth.com.   And with that, we're going to do it for this week. So make sure you subscribe to us on Apple or Spotify so that you can check out new episodes when they come out. And of course, if you have questions around this, and you probably do, make sure you reach out to them and have a conversation. Guys, thanks for successfully blowing our brains out with this one because it's a lot of stuff to take, but it's important because a lot of these strategies out there don't get talked about as often. So good stuff. Thanks for breaking it down, John.   John: Yeah, no problem. And I enjoy some of these deep dives, so look forward to doing some more of them.   Marc: Yeah, for sure. Nick, thank you, my friend, for jumping in as well and helping out. It's definitely a lot to unpack for people. So I always appreciate you guys.   Nick: Thanks, Marcus.   Marc: And be sure to consult with your tax advisor. This can affect your federal tax rates and also state taxes if you have state income tax. We'll see you next time here on Retirement Planning Redefined with John and Nick.

Schedule a free financial assessment with an experienced professional at Pure Financial Advsiors: https://purefinancial.com/lp/free-assessment/?utm_source=captivate&utm_medium=podcast&utm_campaign=free-assessment&utm_content=ymyw-pod-ep586-description-free-assessment“Walter and Skyler” in Iowa ask if they're on track to retire early, or if they're just "cooking up overconfidence?" And how aggressively should they convert their retirement savings to tax-free Roth money before the pension and Social Security kick in? California Dreamin' has it down to one decision: convert to the top of the 22 percent tax bracket, or push into the 24? “Mike and Carol” in Florida ask, when you're weighing a conversion, should you be looking at your tax bracket, or your actual effective tax rate? Finally, is it worth the cost for “Westley and Buttercup” to use the brand new option to turn a big employer contribution into Roth money? Joe Anderson, CFP® and Big Al Clopine, CPA from Pure Financial Advisors spitball on all of these questions, today on YMYW podcast 586.Free Financial Resources in This Episode: https://bit.ly/ymyw-586 (full show notes & episode transcript)10 Common Roth IRA Mistakes That Can Cost You $50,000 (or More!) - YMYW TV:https://purefinancial.com/white-papers/roth-ira-white-paper/?utm_source=captivate&utm_medium=podcast&utm_campaign=whitepaper-ultimate-guide-to-roth-iras&utm_content=ymyw-pod-ep586-description-whitepaperThe Ultimate Guide to Roth IRAs - free download:https://purefinancial.com/ymyw/episodes/10-common-roth-ira-mistakes-that-can-cost-you-50000-or-more/?utm_source=captivate&utm_medium=podcast&utm_campaign=ymyw-tv&utm_content=ymyw-pod-ep586-description-tv-s12e04Financial Blueprint (self-guided):https://bit.ly/PureFinancialBlueprintREQUEST your Retirement Spitball Analysis:https://bit.ly/AskJoeAndAlDOWNLOAD more free guides:https://bit.ly/PureGuidesREAD financial blogs:https://bit.ly/PureFinBlogWATCH educational videos:https://bit.ly/PureEdVideosSUBSCRIBE to the YMYW Newsletter:https://bit.ly/YMYWNewsletterConnect With Us:Subscribe on YouTube and join the conversation in the comments:https://bit.ly/YMYW-YTSubscribe or follow YMYW in your favorite podcast app:https://lnk.to/ymywLeave your honest reviews and ratings in Apple Podcasts:https://podcasts.apple.com/us/podcast/your-money-your-wealth/id312900254Chapters: 00:00 - Intro: This Week on the YMYW Podcast01:10 - Early Retirement Overconfidence? Aggressive Roth Conversions? (Walter & Skyler, Iowa)13:25 - Roth Conversion Bracket Call: 22% or 24%? (CA Dreamin', Central Coast)22:27 - Tax Bracket vs. Effective Rate: The Roth Math Most People Get Wrong (Mike & Carol, FL)32:16 - Should the NEC Go to the Roth? The 401(k) Decision (Westley & Buttercup, TX)42:28 - Outro: Next Week on the YMYW Podcast

Reach Out Via Text!In this episode of the Growing Green Podcast, Jeremiah sits down with Nick Bartolo, founder of Essential Partners Family Office and former Wall Street analyst, to unpack what business owners need to know about building real wealth. Nick shares his journey from analyzing billion-dollar positions in companies like Amazon and Starbucks to helping entrepreneurs prepare for life-changing business exits.Together, they discuss why most small business owners should stop chasing passive income too early and instead double down on growing the value of their primary business. They break down what actually makes a company valuable, including growth, durability of cash flow, and risk, and explain why building a sellable business matters even if you never plan to sell.Nick also shares practical advice on choosing the right CPA, reducing unnecessary tax burdens, and taking foundational wealth-building steps like Roth IRAs. If you're a business owner trying to scale, create long-term wealth, and avoid costly financial mistakes, this episode is packed with insight.Support the show10% off LMN Software- https://lmncompany.partnerlinks.io/growinggreenpodcastSignup for our Newsletter- https://mailchi.mp/942ae158aff5/newsletter-signupBook A Consult Call-https://stan.store/GrowingGreenPodcastLawntrepreneur Academy-https://www.lawntrepreneuracademy.com/The Landscaping Bookkeeper-https://thelandscapingbookkeeper.com/Instagram- https://www.instagram.com/growinggreenlandscapes/Email-ggreenlandscapes@gmail.comGrowing Green Website- https://www.growinggreenlandscapes.com/

When it comes to planning for retirement, Roth IRAs have gained widespread attention for their tax-advantaged status and the promise of tax-free withdrawals in retirement. Financial experts, YouTubers, and podcasters have been touting the benefits of contributing to or converting assets into Roth accounts for years. But an often-overlooked vehicle could empower you to manage your investments just as efficiently: the humble taxable brokerage account. Surprisingly, with the right strategy, you can even pay 0% capital gains tax, mirroring one of the biggest appeals of a Roth.    You will want to hear this episode if you are interested in... 00:00 Overlooked benefits of after-tax brokerage accounts 02:29 Limitations of the Roth IRA 06:20 Tax implications of brokerage accounts 07:57 Tax benefits of growth stocks 13:14 Understanding Tax Brackets and Deductions 16:53 Inheritance rules for IRAs vs. brokerage accounts 17:44 Managing taxable brokerage accounts Understanding Taxable Brokerage Accounts A taxable brokerage account lets you invest in virtually anything: stocks, mutual funds, bonds, ETFs, and more. These accounts, however, are often dismissed when compared to their tax-advantaged counterparts because:   Annual Taxation: Every year, you pay tax on dividends, interest, and any realized gains. Ordinary Income Tax on Short-Term Gains and Interest: Holdings sold within one year and earned interest are taxed at your regular income rate. Potential for Long-Term Capital Gains Tax: Sales after more than one year are taxed at the long-term capital gains rate, which is typically lower.   When used strategically, they offer flexibility and powerful tax advantages.   Making Your Brokerage Account Behave Like a Roth The key to unlocking Roth-like benefits is understanding how and when taxes apply—and how to minimize them. Invest strategically and focus on growth over dividends. Choose investments that don't pay dividends, such as growth stocks or low-dividend index funds. No dividends mean no annual income to be taxed because gains are only taxed when you sell. You can also use Index Funds and ETFs, which usually distribute minimal dividends and capital gains, keeping annual taxes low. Avoid open-end mutual funds in taxable accounts, as they tend to generate capital gains every year, eroding long-term growth with recurring taxes.   Realizing 0% Capital Gains If your total taxable income (after deductions) stays within the 12% tax bracket—a figure that for 2026 is $50,400 for singles and $108,800 for married couples file jointly—you can sell appreciated assets and owe 0% in federal capital gains tax. It's wise to time withdrawals, plan major sales during years with little other income—such as early retirement or a gap year—to fall within the 0% bracket. Keep an eye on your other sources of income: IRA withdrawals, Social Security, and pensions count toward taxable income, potentially bumping gains into the taxable range.   Estate Planning Advantages Taxable accounts also offer:   Ability to Borrow: Take loans against your investments without triggering taxable events Step-Up in Cost Basis: Heirs inherit assets at their market value on your death, often eliminating capital gains on past appreciation—a feature that Roths don't fully replicate. By understanding how to structure and manage your taxable brokerage account, you can access strategic flexibility—not just in managing withdrawals, but in transferring wealth to future generations. The "secret" is simply knowing and applying the rules, with tax-aware investing and withdrawal strategies smoothing the way for potentially tax-free wealth growth and transfer.  Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE    Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan  

Probate is one of the most misunderstood topics in estate planning. Many people know they want to avoid it, but few understand what probate is or why it exists in the first place. This week, attorney Kyle Rinaudo of Reeves Law, P.C., joins us for an in-depth conversation on the facts and fiction surrounding probate, including its purpose, the role it plays in settling estates, why it often carries a negative reputation, and what families can realistically expect when navigating the process.We also explore one of the most common sources of stress in any relationship: money. A recent survey found that four in 10 adults in committed relationships admit to keeping financial secrets. From spending habits and saving priorities to differing investment philosophies, we'll discuss the financial disagreements couples face most often and how open communication can help create alignment around shared goals.Finally, after discussing emergency funds a few weeks ago, we take the next step in the financial planning journey: investing for the future. Whether you're just getting started or looking to better understand your options, we'll break down the fundamentals of retirement investing, including 401(k)s, employer matches, Traditional and Roth IRAs, and the importance of letting time and compounding work in your favor.From estate planning and family finances to long-term investing, this episode focuses on building a stronger financial foundation for every stage of life.Join hosts Nick Antonucci, CVA, CEPA, Director of Research, and Managing Associates K.C. Smith, CFP®, CEPA, and D.J. Barker, CWS®, and Kelly-Lynne Scalice, a seasoned communicator and host, on Henssler Money Talks as they explore key financial strategies to help investors navigate market uncertainty. Henssler Money Talks — June 13, 2026  |  Season 40, Episode 24Timestamps and Chapters4:40: Probate: Fact, Fiction, and what Really Happens32:27: When Mom and Dad Fight: When Couples Disagree About Money50:18: From Safety Net to Nest Egg: Investing for the FutureFollow Henssler:  Facebook: https://www.facebook.com/HensslerFinancial/ YouTube:  https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/ TikTok: https://www.tiktok.com/@hensslerfinancial?lang=en X: https://www.x.com/hensslergroup “Henssler Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.See important disclosures at Henssler.com

The government wants to give newborns a $1,000 investment account. Depending on who you ask, it's either a bold step toward building generational wealth or a cleverly branded headline with limited real-world impact. This week, we're breaking down the new Trump Accounts: who qualifies, how they work, and whether they're actually a game changer for American families. We'll run the numbers to see what a single $1,000 investment at birth can become over a lifetime, examine whether the accounts help close the wealth gap or widen it, and compare them to existing options like 529 plans and Roth IRAs. Most importantly, we'll ask a bigger question: Is the real value of this program the money itself, or the idea that every child should begin life as an investor? Politics aside, this episode is about ownership, opportunity, and the power of time. Because when it comes to building wealth, a head start may be worth more than a handout. Plus: If someone gave your child $1,000 to invest tomorrow, would it actually change your financial behavior? We think the answer reveals a lot more than the account itself.

Roth IRAs can be a powerful retirement planning tool, but they come with some surprisingly confusing rules. In this episode, David breaks down the two different Roth IRA five-year rules and explains why they have almost nothing to do with each other. Learn how withdrawals are taxed, when the 10% early withdrawal penalty may apply, and why Roth conversions could create unexpected complications for some younger investors. David also shares practical tips for tracking conversions to help you avoid costly mistakes when managing multiple retirement accounts.   Here's some of what we discuss in this episode:

Most investors lose to the market because they're trying to pick winners in a game where only 4% of stocks have created 100% of market wealth over the past century. The math isn't in your favor—but there's a simpler path that is. Key Topics Discussed Introduction to FI 201 (00:00:00) Jonathan introduces the concept of Financial Independence 201, explaining how it builds on FI 101 to help individuals progress from control to optimization and independence on their FI journey. The Genesis of FI 201 (00:05:30) Allen and Kristen explain how they identified the need for a 201-level presentation based on questions emerging from their St. Louis FI 101 sessions, particularly around investing concepts. Asset Allocation Fundamentals (00:15:00) Allen breaks down asset allocation as 'your money pie,' discussing how to balance growth, safety, and emergency funds while considering time horizons and diversification strategies. Risk Tolerance vs Risk Capacity (00:22:00) The team explores the critical difference between emotional risk tolerance and actual risk capacity, using examples from 2008 and 2020 market crashes to illustrate real-world application. Tax-Advantaged Account Strategies (00:35:00) Allen and Brad discuss the various tax treatments of investment accounts including 401(k)s, 457(b)s, Roth IRAs, HSAs, and taxable brokerage accounts, emphasizing lifetime tax optimization. Individual Stocks vs Index Funds (00:48:00) The hosts examine the data on individual stock picking, revealing that only 4% of stocks have contributed to 100% of market wealth over the past century, making a strong case for index investing. Dividends and Tax Control (00:55:00) Brad and Allen discuss why the FI community often prefers capital gains over dividend income, focusing on the importance of maintaining control over when and how you realize taxable events. Notable Quotes "You can't save your way to FI, you have to invest." — Allen Hansen "When there's a dip, you essentially get to buy the market on sale. If you love a bargain, this is it." — Brad Barrett "Why in the world do we not think that way when it comes to the market? Our brain completely flips. We're like, ah, we're scared." — Kristen Knapp "It's not what's my tax this year. It is what is going to be my tax burden over my lifetime." — Brad Barrett "The best investing lesson: stand there and do nothing. If you're invested, just don't do anything and you're going to be rewarded." — Allen Hansen Key Takeaways Assess your own risk tolerance and risk capacity honestly by considering how you would react to a 30% portfolio drop Review your current asset allocation across all accounts and determine if it aligns with your time horizon and financial goals Calculate the difference between your marginal and effective tax rates to understand your true tax burden Identify which tax-advantaged accounts you have access to (401k, 457b, 403b, HSA, IRA) and ensure you're maximizing employer matches Track every dollar of taxable income if you're on ACA subsidies or approaching any subsidy cliffs to avoid losing benefits Consider whether you have the right balance between taxable, tax-deferred, and tax-free accounts for maximum flexibility in retirement Join or start a local FI group to benefit from community wisdom and learn from others at different stages of the journey Review your portfolio for dividend-heavy investments and consider whether you'd prefer more control over when you realize taxable events Resources & Links FI Friends Travel The Simple Path to Wealth by J.L. Collins Tax Planning to and Through Early Retirement by Sean Mullaney and Cody Garrett ChooseFI Community App St. Louis FI Group BlackBerry Documentary (Netflix) Arizona State University Stock Market Wealth Study Brian Feroldi (individual stock investing advocate) Investopedia

When it comes to retirement savings, Roth IRAs are among the most powerful tools for achieving tax diversification and financial flexibility. Knowing how and when to tap into your Roth IRA can make a tremendous difference in optimizing your tax situation, ensuring income over the years, and even establishing a valuable legacy for your heirs. On the podcast this week, we're digging into the strategic considerations around Roth IRA withdrawals, covering timing, special scenarios, tax rules, and advanced planning for both your retirement and your family's future.   Roth IRA Withdrawal Rules Before you even think about crafting a withdrawal strategy, it's essential to understand the rules that govern Roth IRA distributions:   Contributions: The money you contribute to your Roth IRA can be withdrawn at any time, free of taxes and penalties. This is because you've already paid taxes on these funds. Earnings (Growth): The gains in your Roth IRA—the earnings on your contributions—are subject to stricter rules. To withdraw these growth dollars tax- and penalty-free, you generally must: Be at least 59½ years old. Have held the Roth IRA for at least five years Roth IRAs offer unique flexibility since they aren't subject to required minimum distributions (RMDs) during the account owner's lifetime, allowing for long-term, strategic use.   Timing Your Withdrawals: Three Key Life Phases Pre-Retirement Flexibility Withdrawing from your Roth IRA before retirement isn't common, but certain life events may make it necessary. Common scenarios include college costs not fully covered by a 529 plan, job loss or layoff, with the Roth IRA serving as an emergency fund if you lack other options, or a first-time home purchase, with special provisions allowing up to $10,000 of earnings to be withdrawn penalty-free for this purpose. While, ideally, your Roth contributions keep compounding for retirement, knowing that you can access them penalty-free if needed provides valuable peace of mind—especially for younger savers balancing competing priorities. Strategic Retirement Withdrawals Once you reach retirement, timing and tax strategy become crucial. Most advisors recommend tapping taxable brokerage and pre-tax accounts (like traditional IRAs or 401(k)s) first, saving Roth IRA withdrawals for years when you need extra flexibility. Scenarios where a Roth withdrawal is especially powerful include when you want to avoid higher tax brackets or Medicare surcharges, or you want to maximize healthcare subsidies. Withdrawing from your Roth IRA rather than from pre-tax accounts can help keep income below the "cliff" and preserve valuable subsidies. Careful coordination, often with personalized modeling or tax projections, ensures you maximize lifetime tax efficiency—not just minimize taxes in a single year. Legacy and Heir Planning For many, the ultimate goal is to leave a financial legacy. The Roth IRA shines here because withdrawals by beneficiaries are tax-free, although subject to a 10-year withdrawal rule for most non-spouse heirs. By positioning the Roth IRA as a legacy asset, you create flexibility for both yourself and your beneficiaries while minimizing future tax headaches.   Why a Personalized Withdrawal Strategy Matters Retirement income planning is complex, with countless moving parts: tax brackets, healthcare premiums, surprise expenses, and more. The accumulation phase may seem simpler, but the drawdown phase is where careful coordination—and making the most of your Roth IRA—ensures long-term success and peace of mind. Detailed, personalized planning is the key to maximizing your savings and retiring with confidence.   Outline of This Episode [01:08] Roth IRAs will likely be used for withdrawals eventually, but not typically first  [03:54] Why you might make pre-retirement withdrawals [06:08] Roth IRA withdrawals in retirement [08:00] Managing withdrawals to optimize taxes [12:19] Managing pre-tax and after-tax accounts [14:55] Personalized financial planning and tax strategies   Resources & People Mentioned The Retirement Podcast Network Roth Conversion by the Decades, Ep #171  Which Roth Account Is the Right Scoop for You? Ep #245 Your Retirement Secret Weapon: The Mega Backdoor Roth, Ep 144    Connect With Chad and Cameron https://www.financialsymmetry.com/podcast-archive/  Connect on Twitter @csmithraleigh @TeamFSINC Follow Financial Symmetry on Facebook   Subscribe To This Podcast   Apple Podcasts Stitcher Google Play  

Many retirees spend decades building equity in their homes. But could that equity become a wise tool for stewardship in the next season of life? For many people, the words reverse mortgage raise immediate concerns. Some of those concerns come from outdated information, past abuses, or even a sense of guilt about taking on debt later in life. But is it possible that some retirees have dismissed this option too quickly? Harlan Accola, who leads the reverse mortgage team at Movement Mortgage, joined the show today to help separate myth from reality and explain how today's reverse mortgages may fit into a broader financial plan for some homeowners. Why Reverse Mortgages Have a Stigma Reverse mortgages have carried a strong stigma for years, and according to Accola, some of that reputation was deserved. In the past, there were bad products, bad actors, weak regulation, and not enough consumer protections. Those stories have been passed down through families, churches, and communities, shaping the way many people think about reverse mortgages today. But Accola says today's reverse mortgages are very different, especially when handled by qualified professionals and governed by stronger safeguards. Much of the fear surrounding reverse mortgages is based on outdated information. Many people assume that taking out a reverse mortgage means losing ownership of their home. But that is not how the product works. A reverse mortgage is simply a lien on the property. The homeowner does not lose ownership of the home, and monthly payments are not required. Instead, the loan is repaid later, usually when the borrower sells the home, moves out, or passes away. That distinction matters because many retirees may be making decisions based on fear rather than accurate information. Is All Debt Bad Debt? Another common concern is that reverse mortgages are simply “bad debt.” But Accola points out that not all debt functions the same way. Most people would not have been able to build wealth through homeownership if they had waited until they could pay for their first house in cash. A traditional mortgage often allows families to purchase a home, build equity, and create long-term stability. Of course, some debt can be dangerous. Credit card debt, high-interest loans, and unnecessary consumer debt can quickly become burdensome. Proverbs 22:7 reminds us, “The rich rules over the poor, and the borrower is the slave of the lender.” That warning should lead us to approach debt with humility and caution. But a reverse mortgage is different from many other forms of debt because it does not require mandatory monthly payments. That feature may provide flexibility for retirees who are trying to manage cash flow, reduce pressure on investment accounts, or remain in their homes without selling. This does not mean a reverse mortgage is right for everyone. It simply means the question should not be answered by fear or assumptions alone. The better question is whether this tool serves wise stewardship in a specific family's situation. Why Some Christians Feel Guilty For many believers, the hesitation is not only financial—it is spiritual. Some Christians have heard the message that being debt-free automatically makes someone more faithful or responsible. While there is great wisdom in eliminating unnecessary debt, that does not mean every form of debt is morally the same. Accola notes that many retirees still carry mortgage debt into retirement. In fact, many homeowners reach retirement age without having paid off their homes entirely. Others may own their homes but need additional income flexibility. In those situations, shame can become a barrier to wisdom. A retiree may think, “I should have done better,” or “I must not be faithful if I still have a mortgage.” But Scripture does not call us to make financial decisions out of guilt. It calls us to wisdom, prayer, counsel, and trust in God. Stewardship is not about maintaining the appearance of financial success. It is about faithfully managing what God has entrusted to us in this season. For some families, using home equity may be a prudent option. For others, it may not be. But either way, the decision should be made with clarity, not shame. A Tool, Not a One-Size-Fits-All Solution A reverse mortgage should never be treated as a magic solution. It is a financial tool, and like any tool, it can be used wisely or unwisely. For some retirees, it may create breathing room in the budget. It may help them stay in their home. It may reduce the need to sell investments during a market downturn. It may also allow them to preserve other assets for longer. But there are also important considerations. Borrowers need to understand the costs, long-term implications, effect on heirs, and responsibilities that remain with the homeowner, such as taxes, insurance, and maintenance. That is why wise counsel is essential. Proverbs 15:22 says, “Without counsel plans fail, but with many advisers they succeed.” A reverse mortgage decision should involve qualified professionals, trusted family members, and careful prayer. It should also be considered as part of a broader retirement plan, not in isolation. Don't Decide Based on Fear or Rumors Accola's encouragement to listeners was simple: do not make financial decisions based on fear, rumors, or guilt. Instead, get accurate information. Talk with people you trust. Seek guidance from professionals who understand how reverse mortgages work today. And when appropriate, involve your family so they understand your thinking and your goals. A reverse mortgage is not right for everyone. But for some retirees, it may be a helpful part of a broader stewardship strategy. The key is understanding your options. Faithful stewardship does not mean refusing to consider every financial tool. It means asking wise questions, seeking trustworthy counsel, and making decisions that help you manage God's resources with humility and care. For homeowners in retirement, that may include taking a fresh look at home equity—not as a source of security, but as one possible tool to support faithful living in the next season. Learn More If you'd like to learn more about whether a reverse mortgage could be a wise option for your situation, visit FaithFi.com/Movement. Movement Mortgage serves families in all 50 states and can help you understand how today's reverse mortgages work, what safeguards are in place, and whether this tool may fit into your broader financial plan. That's FaithFi.com/Movement. On Today's Program, Rob Answers Listener Questions: I'm 31 and own five properties. I've renovated some myself and built significant equity, but most of my cash is tied up in the homes. Should I sell some properties to free up capital, or hold them, do cash-out refinances, rent them out, and benefit from appreciation and loan paydown? How should I decide between flipping and becoming a landlord? I'm 64 and still working. Because of our income, my wife and I are limited in how much we can contribute to Roth IRAs. I've heard about the backdoor Roth strategy. How does that work, and can the nondeductible IRA contribution go into an existing traditional IRA, or should it be a separate account? I'm trying to pay down my mortgage and a small loan faster. Is it better to make small extra principal payments each month or one larger principal payment once a year? Does it make much difference? I'm 72 and had about $31,000 in credit card debt. After years of disability and financial strain, I called Christian Credit Counselors and started a debt management plan. Now I'm on track to be debt-free in five years, have more usable income each month, and feel encouraged enough to give again. Is it normal to feel this much relief after starting a plan? I'm 61, married, and planning to retire at 67. I have an old employee trust fund with about $8,378 earning 7.5%, plus a traditional IRA with about $3,823. My husband thinks I should roll the trust fund into my IRA. Is that a good idea, especially since it's currently earning 7.5%? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) Christian Credit Counselors Movement Mortgage Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) 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.

Thanks to our partners Promotive, WickedFile, Maverick Shop Owners, and OverdryveWhat if the government — and a few well-known billionaires — were offering to deposit cash directly into an account for your child or grandchild, no strings attached, starting July 4th? Would you sign up?In this solo episode, Hunt Demarest, CPA at Paar Melis & Associates, breaks down everything currently known about the newly announced Trump Accounts — officially called 530A plans — before they go live. Hunt cuts through the political noise to answer the only question that matters for shop owners and their families: is this worth your time, and how do you get your share of the free money on the table?From the $1,000 Treasury Department seed deposit for children born between 2025 and 2028, to the $250 Dell family contribution available in qualifying zip codes, to how self-employed shop owners can structure employer contributions for a legitimate tax deduction — Hunt walks through what we know, what's still uncertain, and how these accounts stack up against the 529 plans and Roth IRAs you're probably already using.Whether you're a shop owner with young kids, a grandparent looking for a smarter savings vehicle, or a business owner thinking about a new fringe benefit for your team — this episode is essential listening.What You'll Learn...(03:05) What a Trump Account actually is — and why the 530A plan isn't as new as it sounds(06:02) The $1,000 government seed deposit — who qualifies and why Hunt says everyone eligible should sign up immediately(09:07) Contribution limits, employer deductions, and the fringe benefit opportunity for your employees(10:14) Withdrawal rules — why the money is locked until the child turns 18, and what it can be spent on(11:15) Using a Trump Account to buy a first home or start a business — and the creative opportunities that creates(12:27) The Dell family's $250 zip code contribution — why Hunt says don't risk missing it, just sign up(17:14) Trump Accounts vs. 529 plans — the key differences that actually matter for your family(19:45) Trump Accounts vs. Roth IRAs — the side-by-side comparison for shop owners who pay their kids through the business(22:23) Hunt's honest take on what he's actually doing for his own kids — and why the employer deduction changes everythingIf you're ready to stop letting politics get in the way of free money, understand exactly how these new accounts fit alongside the strategies you're already running, and find out whether July 4th is a deadline you actually need to worry about — this episode is essential listening.Thanks to our partner, PromotivePromotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit https://gopromotive.com/Thanks to our partner, WickedFileTurn chaos into clarity with WickedFile, the AI for auto repair shops. Transform invoices into insights, protect cash flow, and stop losing parts, cores, or credits to maximize your bottom line. visit https://info.wickedfile.com/Thanks to our partner, Maverick Shop OwnersYou're working on growing a more profitable shop - that's critical. That's exactly what the 24-video Blueprint course by Maverick Shop Owners addresses - customers, sales, profit, people, systems, and freedom. Get free access for our listeners only at https://maverickshopowners.com/blueprintThanks to our partner, OverdryveOverdryve is your AI-powered marketing operating system. It predicts slow weeks before they happen, automatically launches revenue-driving campaigns, tracks ROI down to the dollar, and optimizes performance in real time. Visit https://overdryvemarketing.com/Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comText Paar Melis @ 301-307-5413Download a Copy of My Books Here:Beyond the Bays: A Financial Playbook for Auto Repair Shop OwnersWrenches to Write-OffsYour Perfect Shop The Automotive Repair Podcast Network: https://automotiverepairpodcastnetwork.com/Remarkable Results Radio Podcast with Carm Capriotto: Advancing the Aftermarket by Facilitating Wisdom Through Story Telling and Open DiscussionDiagnosing the Aftermarket A to Z with Matt Fanslow: From Diagnostics to Metallica and Mental Health, Matt Fanslow is Lifting the Hood on Life.The Weekly Blitz with Chris Cotton: Weekly Inspiration with Business Coach Chris Cotton from AutoFix - Auto Shop Coaching.Speak Up! Effective Communication with Craig O'Neill: Develop Interpersonal and Professional Communication Skills when Speaking to Audiences of Any Size.Business by the Numbers with Hunt Demarest: Understand the Numbers of Your Business with CPA Hunt Demarest.The Auto Repair Marketing Podcast with Kim and Brian Walker: Marketing Experts Brian & Kim Walker Work with Shop Owners to Take it to the Next Level.

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Michael Uadiale. A seasoned CPA and master tax advisor with 25+ years of experience, discussing how entrepreneurs can use strategic tax planning to accelerate wealth building and achieve financial freedom within 5–7 years. He introduces his trademarked DECIDE Framework, explains why most small business owners overpay taxes, and breaks down strategies such as employing children, capturing appreciation, digital asset taxation, and multigenerational wealth planning. Rushion plays the voice of the everyday entrepreneur—curious, intimidated by taxes, and eager to understand wealth strategies—while Michael emphasizes empowerment through education, intentional planning, and knowing the rules of the tax code.

Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily. I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur. Keep winning! Two-time Emmy and three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Michael Uadiale. A seasoned CPA and master tax advisor with 25+ years of experience, discussing how entrepreneurs can use strategic tax planning to accelerate wealth building and achieve financial freedom within 5–7 years. He introduces his trademarked DECIDE Framework, explains why most small business owners overpay taxes, and breaks down strategies such as employing children, capturing appreciation, digital asset taxation, and multigenerational wealth planning. Rushion plays the voice of the everyday entrepreneur—curious, intimidated by taxes, and eager to understand wealth strategies—while Michael emphasizes empowerment through education, intentional planning, and knowing the rules of the tax code.

A recent landmark study from BlackRock caught David McKnight – he shares what it was all about and why you should care in this new episode of the Power of Zero Show. For decades, Americans were told that if they simply contributed faithfully to their 401(k) and avoided emotional decisions during market downturns, they would have enough money in retirement. According to the BlackRock study, retirees who incorporated guaranteed lifetime income in the form of an annuity into their retirement portfolio experienced an average increase of 22% in potential retirement spending. That number became approximately a 25% increase for lower income retirees! The increase came primarily from giving retirees greater confidence to spend money because a portion of their retirement income was guaranteed for life. David explains that, while 30 or 40 years ago retirees could rely on company pensions that provided predictable monthly income for life, the modern retirement system has shifted enormous responsibility onto the shoulders of ordinary Americans. Employers used to bear the responsibility for generating the income stream and ensuring that retirees did not outlive their money.  Today, however, pensions have all but disappeared, and most Americans now rely on 401(k) or other tax-qualified retirement plans. One of the big problems is the fact that such tax-affirmed accounts can help you build wealth, but don't come with instructions on how to make sure your money lasts a full 30-year retirement. The BlackRock study echoes something that David has stressed several times on the show: retirees spend more when at least a portion of their retirement income is guaranteed. David clarifies that when he talks about guaranteed lifetime income, he does not suggest retirees place all of their assets into annuities or eliminate market exposure altogether. David talks about 100% stock allocation and why you can be much more aggressive in your stock market allocation once you create an income floor in retirement. The current status quo of the American fiscal system – and exploding national debt – appears to be painting a picture where future tax rates will be significantly higher than they are today. David is a strong advocate for tax-free investment accounts in retirement. In particular, he points to six different tax-free income streams: Roth IRAs, Roth 401(k)s, Roth conversions, RMDs up to standard deductions, certain types of cash value life insurance as a volatility shield in retirement and, if you can keep your provisional income low enough, your Social Security can be 100% tax-free. David touches upon a strategy that can give you guaranteed tax-free income for life. The old retirement model gave Americans confidence through company pensions. The modern model requires retirees to create their own personal private pension in the form of an annuity. It's important to understand that retirement isn't just about accumulating wealth, but also about creating a stream of lifetime income that's guaranteed to last as long as you do. David concludes by explaining what retirement planning should accomplish beyond merely maximizing account balances.     Mentioned in this episode: David's new book: The Secret Order of Millionaires David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track Tax-Free Income for Life: A Step-by-Step Plan for a Secure Retirement by David McKnight 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 BlackRock BlackRock's paper Who Benefits From Guaranteed Lifetime Income?

Think fresh-out-of-welding-school means starting at the bottom? Landon Earlywine (19) and Jackson Settler (18) are about to change your mind. Six months after graduating from the Kentucky Welding Institute, these two are working 60-hour weeks doing TIG stainless pipe fab for data center infrastructure up in Logansport, Indiana — earning $38/hr plus $120/day per diem. In less than seven months, they've pulled in $95,000 combined, started Roth IRAs, bought reliable trucks with big down payments, and are on track to blow past $150K in their first year. Jason sits down with both of them to find out how they got here — from a high school ag teacher who flashed some money at them sophomore year, to grinding the third shift at KWI, earning their golden arm certifications, and landing a stainless schedule 10 TIG test in Indianapolis the morning after getting the call. They talk about the real curriculum at KWI beyond the booth — financial management, CCO rigging, CPR, and OSHA 30 — and what actually separates the students who land good jobs from the ones who don't. Plus: a totaled '92 Sonoma, a story about driving from Kentucky to Texas at 82 mph at 6 AM, a job box that survived a crash, and why they're not going anywhere until they hit the $100K wall at school. Topics covered: • TIG stainless pipe fab for data center infrastructure — the new pipeline boom • Working 5x12s and 6x10s fresh out of welding school • $95K in 7 months at 18 and 19 years old • The golden arm at KWI — what it takes and what it means • Financial literacy in trade school: Roth IRAs, principal payments, and smart money moves • CCO rigging, OSHA 30, CPR, and the full KWI curriculum • How a wrecked '92 Sonoma led to the job of a lifetime • Why 7 KWI classmates are all on track to hit $100K in year one • The $100K wall — and what you have to prove to get your hood on it.

Most people know Roth IRAs don't normally have required minimum distributions, but things can change when someone inherits one. In this episode, David explains how inherited Roth IRA rules work, why beneficiary type matters, and when the IRS may still require distributions even from tax-free accounts. David also walks through real-world examples and highlights why beneficiary planning has become much more complicated after recent law changes.   Here's some of what we discuss in this episode:

Retirement planning extends well beyond simply saving enough during your working years—it plays out with every decision you make once you stop working. One crucial, sometimes overlooked, aspect is managing Required Minimum Distributions (RMDs) from your retirement accounts. If you have a retirement account approaching your RMD age, this episode breaks down the essential rules based on your birth year, how to calculate your distribution using the IRS tables, and key tax implications to keep in mind. You'll also get actionable tips to help minimize your future RMDs, from optimizing your income plan and leveraging Roth conversions to using qualified charitable distributions.    You will want to hear this episode if you are interested in... [00:00] RMD rules and calculations [05:10] RMDs and distribution timing [09:03] Retirement accounts and RMD rules [14:22] Tax strategies for retirement planning [17:00] Common RMD mistakes and solutions [19:21] Proper charitable distribution process   What Are Required Minimum Distributions (RMDs)? RMDs are the minimum amounts you must withdraw annually from certain retirement accounts starting at a specific age, as mandated by the IRS. These distributions apply to traditional IRAs, rollover IRAs, SIMPLE IRAs, SEP IRAs, 401(k)s, 403(b)s, 457 plans, and profit-sharing plans. Importantly, Roth IRAs and Roth 401(k)s are exempt from RMDs, and regular taxable investment accounts are not impacted.   The required age for beginning RMDs now depends on your birth year: If you were born between January 1, 1951, and December 31, 1959, RMDs start at age 73. If born on January 1, 1960, or later, RMDs begin at age 75. Tax Implications of RMDs RMDs are taxed as ordinary income. If you're not careful, withdrawals can bump you into a higher tax bracket, increase how much of your Social Security is taxable, or trigger additional Medicare Part B and Part D premiums due to IRMAA. Failing to withdraw the required amount carries a steep penalty—25%, reduced to 10% if corrected within two years.   Strategies to Lower Your RMDs Don't put all your savings in pre-tax accounts. Split between traditional and Roth accounts or invest some in taxable brokerage accounts, which aren't subject to RMDs. It can be useful to collaborate with a financial advisor to create a withdrawal strategy that minimizes taxes by pulling funds strategically from different account types. You can also convert portions of your pre-tax accounts to Roth IRAs in years when your income (and tax bracket) is lower, helping "fill the bucket" at the lowest rates. If you retire early, delaying Social Security until age 70 increases your benefit and can create years of low taxable income—perfect for executing Roth conversions. If you're 70½ or older, you can also donate up to $100,000 per year directly from your IRA to a qualified charity. These gifts count toward your RMD but are excluded from taxable income.   Enjoying a Comfortable Retirement Navigating RMDs isn't just about following IRS rules—it's an ongoing strategy to keep your taxes low and your retirement income steady. By understanding your obligations and using the available tools, you can maximize your retirement savings and create a more secure future. Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE    Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan  

Skylar (23) and Milet (26) are already living like financial mutants. They're saving 25%, maxing Roth IRAs, and sitting on a net worth of nearly $300,000, all while Skylar works three jobs and DIYs 1,800 square feet of backyard pavers on weekends. But the system that got them here might be holding them back from the flexibility they're building toward. We reveal the solo 401(k) opportunity that could save them nearly $7,000 in taxes annually, show why their 457 accounts are perfect for early retirement, and map out how they could reach their more beautiful tomorrow by 50-55, even if they drop to one income with kids. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

David McKnight unpacks the five most common objections to Roth conversions and why they simply don't hold up under scrutiny.  The first objection has to do with people not wanting to voluntarily pay taxes before the IRS requires them to. While on the surface, postponing this may sound logical, it ignores a fundamental aspect: the state of the U.S. national debt. It has just passed $39 trillion, and it's slated to grow by $2 trillion per year for the next 10 years, and $3 trillion after that. In other words, interest on the national debt is becoming one of the largest line items in the federal budget.  That means that by refusing to pay taxes today, you're making an insanely risky bet that taxes in the future will be lower than they are right now. All, while your IRA keeps growing and compounding over time. Thus, 10 years from now, not only could tax rates be higher, but your required minimum distributions could be dramatically larger. The second most common objection to Roth conversions revolves around people saying, "If I do Roth conversions, that additional income will force me to pay increasingly higher levels of IRMAA or cause my Social Security to be taxed." David points out that Roth conversions do increase your taxable income, which can trigger those additional expenses during the conversion period.  However, while it's true that you'll pay IRMAA and Social Security taxation in the short term, you'll get rid of those additional expenses for the rest of your life once your conversion period is over. Objection #3 is "There's too much opportunity cost, I won't have time to make up for the taxes I paid".  David explains that, despite sounding sophisticated, this objection is based on a flawed premise. Your IRA is a "business partnership" with the IRS – and every year they get to vote on what percentage of your profits they get to keep. So, when you do a Roth conversion, you're not losing money. You're simply buying out your "silent business partner" at today's historically low tax rates. David highlights that, if taxes double in the future, you'll be glad you bought them out while taxes were still on sale. The fourth objection – "In retirement, I'll be in a lower tax bracket" – is actually one of the most dangerous assumptions in all of retirement planning. People assume that when they retire, their taxes automatically go down. For many Americans, the exact opposite happens, though. Once required minimum distributions kick in, they can force huge amounts of taxable income onto your tax returns. David touches upon an additional issue almost nobody talks about: the so-called widow's penalty. The fifth objection to Roth conversions revolves around the question, "Won't the federal government tax Roth IRAs sometime down the road?" People don't realize that the government loves Roth IRAs because they generate tax revenue today – unlike traditional IRAs, which delay tax revenue. That's why, every time Congress needs money, they tend to pass legislation that makes Roth accounts even more attractive. Remember: Roth conversions are about taking advantage of the tax sale of a lifetime before catastrophic levels of debt force tax rates higher.     Mentioned in this episode: David's new book: The Secret Order of Millionaires David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track Tax-Free Income for Life: A Step-by-Step Plan for a Secure Retirement by David McKnight 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

What are the investing basics that can help shape long-term financial decisions? Many people hear terms like stocks, bonds, ETFs, mutual funds, dividends, or Roth IRAs and assume they already understand the basics. But what if going back to the basics helps inform people as they make money decisions? In this episode of Retire in Texas, Darryl Lyons breaks down the core building blocks of investing in a way that is simple and easy to share with kids, college students, young adults, or anyone who wants a clearer understanding of how money can work over time. He explains the difference between stocks, bonds, and cash, while also showing why discipline and long-term thinking can matter just as much as the investments themselves. You'll learn: • What stocks represent and why ownership in companies has historically helped build wealth. • How growth stocks, income stocks, dividends, and company size can affect an investment portfolio. • Why bonds are different from stocks and how risk, return, and time horizon come into play. • Why cash can be useful for emergencies but may not be ideal as a long-term investment. • How mutual funds and ETFs allow investors to own many companies through one investment vehicle. • Why Roth IRAs can be a powerful tax-advantaged tool when used properly. Investing can feel complicated, but Darryl explains why the basics are worth revisiting. Stocks, bonds, cash, ETFs, and retirement accounts all have a role to play, but the bigger lesson is learning how to think long term, stay disciplined, and build a framework that fits your own situation. Benefiting from the show? We'd appreciate it if you left a review on your favorite podcast platform.

In this episode of Tax Tuesday, Anderson Advisors' Barley Bowler, CPA, and Eliot Thomas, Esq., answer listener questions covering a broad range of real estate, retirement, and investment tax topics. They break down cost segregation studies and depreciation recapture, explaining how bonus depreciation accelerates deductions and how 1031 exchanges and stepped-up basis can help investors defer or eliminate gain entirely. They address whether vacated rental rooms can qualify as deductible office space, and walk through how multi-state 1099 income is taxed when a worker performs services in Kansas for California patients through a Utah company. Barley and Eliot also clarify how MAGI determines the taxable portion of Social Security benefits in retirement, and confirm that qualified retirement plan distributions are protected from California taxation once a taxpayer has established residency in Nevada. Additional topics include 529 college savings plans for children attending accredited foreign universities, combining Roth IRAs with a payroll strategy for minor children, when Schedule E versus Schedule C applies to short-term rental income, and the significant hurdles of qualifying for Trader Tax Status — along with an alternative C-corporation trading structure that may offer far greater and more reliable tax advantages. Tune in for expert advice on these topics and more! Submit your tax question to taxtuesday@andersonadvisors.com Highlights/Topics: [00:00] Intro to Tax Tuesday with Eliot and Barley [7:10] "I would like to know more about cost segregation and depreciation recapture on property sales." Cost segregation accelerates deductions upfront. Recapture taxes those gains at ordinary rates upon sale. [18:00] "At the beginning of this year, I moved into a new home. At my previous residence, I had been renting two rooms, and I am currently working to sublet them. I am still on the lease and committed to covering the cost of those two rooms until I find replacements. My question is: since I am continuing to pay for these rooms, would it be possible to classify them as office space and potentially use them as a tax deduction?" Have your business assume the lease directly. That creates a clean, legitimate deduction. [22:53] "My wife is doing remote 1099 work, and I had a question on where state taxes are due. We live in Kansas and she performs the work from a home office or rented office space in Kansas. She is performing this work through a contracting/locums company based out of Utah, but the current work she is providing is for patients in California. Do we pay KS or CA state income tax for this 1099 work?" Both Kansas and California claim the income. Kansas credits taxes already paid to California. [29:35] "Taxes in retirement: we know you can be taxed on Social Security. We don't know the details. How much can you make to avoid being taxed? Does the IRS include all incomes, passive and active? We just don't have details." Between 50–85% of benefits may be taxable. MAGI includes all income, even tax-exempt interest. [36:54] "I have been a Nevada resident for 2 years. I started my retirement from a California corporation this year. Can California tax my retirement benefits now that I am a NV resident?" No. Federal law fully protects qualified retirement benefits paid to Nevada residents. [40:55] "I am a business owner in Texas. My twin kids are growing up in a foreign country with their cousins. They may want to pursue higher education there. I haven't started a 529 college savings plan yet. If they decide not to go to college at an American university, what would be the best type of tax-sheltered account to invest in, for the kids?" 529 plans cover accredited foreign universities. Combine with a Roth IRA for maximum impact. [48:17] "Is it okay to use Schedule E to report short-term rental income?" Yes, if you provide only minimal services. Substantial services push income to Schedule C. [53:55] "For 2025 tax year, I made more than 800 trades - frequently - 3 days/week throughout the year. I made profits both from long-term investing and short-term trades. Am I eligible for Trader Tax Status and able to deduct my expenses in 2025 filing (I applied for extension)." Trader Tax Status is highly subjective and audit-prone. A C-corp trading structure is safer. Resources:

Jim and Chris discuss listener emails on the SSA-44 and IRMAA process for a couple approaching Medicare, Social Security survivor benefit strategy, tax diversification for young investors, HSA vs. IRA prioritization and spending strategy during the delay period, and inherited IRA RMD rules for non-eligible beneficiaries. (15:30) A listener approaching Medicare asks how the SSA-44 process applies when one spouse is retiring while the other continues to work, and whether their planned Roth conversions could complicate the IRMAA appeal filing. (33:15) Georgette wonders whether she can start her own Social Security at 67, switch to a lower survivor benefit if her husband passes, and then return to her own larger benefit at 70. (41:00) The guys hear from a parent helping his adult children decide whether to convert their traditional IRAs to Roth IRAs or preserve a mix of account types for tax diversification in retirement. (57:45) Jim and Chris address two questions: (1) whether HSA contributions should be prioritized over IRA contributions for retirement savings, and (2) how to bridge a cash flow gap when brokerage funds run out during the delay period without undermining ongoing Roth conversions. (1:26:15) A listener asks whether a non-eligible beneficiary who inherits a traditional IRA before the decedent’s required beginning date must still take RMDs, given that the decedent had already taken one RMD in the year they turned 73. The post IRMAA, Social Security, Tax Diversification, Delay Period, Inherited IRA: Q&A #2620 appeared first on The Retirement and IRA Show.

Summer is not that far off, and for many families, the kids are already dreaming about vacation. But parents may be asking a different question: How can we make great family memories without breaking the budget? A family vacation can be a wonderful gift, but it doesn't have to create financial pressure that follows you home. With a little planning, creativity, and communication, you can enjoy meaningful time together while staying within your means. Crystal Paine, creator of MoneySavingMom.com, joined us on today's show to share practical ways families can plan a memorable, budget-friendly vacation. Start Planning Early The first step is to plan ahead. The earlier you begin, the more options you'll have for lodging, travel, and activities. Crystal recommends considering destinations that are a little off the beaten path. These places often have fewer crowds and lower prices while still offering plenty of opportunities for rest and fun. If you're flying, she suggests using Google Flights to search flexible destinations. You can enter your travel dates and explore lower-cost flight options across the country. Just as important, set a clear budget for the entire trip before you go. Decide what matters most to your family. Maybe staying near the beach is a priority, but eating out every meal is not. Knowing those priorities ahead of time helps you spend intentionally rather than react in the moment. Take Advantage of Free Activities Some of the best vacation memories don't cost anything. Crystal encourages families to search for free things to do in their destination. Try looking up phrases like “best free things to do” along with the name of the city or area you'll be visiting. You may find hiking trails, local parks, self-guided walking tours, free museums, art exhibits, festivals, or concerts. These activities are often overlooked, but they can become the hidden gems of a trip. And they remind us that meaningful experiences don't always require a high price tag. Get the Whole Family Involved A vacation is more enjoyable when everyone feels included. Ask your children what they would enjoy doing. You may not be able to do everything, but letting each person choose one activity can help the trip reflect the whole family's interests. Crystal also suggests giving each family member a set budget and allowing them to plan a few hours of the vacation within that amount. This can be a fun way to teach kids practical money skills. They learn how much things cost, how to make tradeoffs, and how to enjoy the responsibility of planning. Be Strategic About Meals Food can quickly become one of the most expensive parts of a trip, especially if you eat out for every meal. One way to save is to stay somewhere that offers free breakfast. Then, bring snacks or simple meal items from home. If you're flying and can't pack much food, visit a grocery store when you arrive. A loaf of bread, peanut butter and jelly, fruit, carrots, chips, or sandwich supplies can cost far less than several restaurant meals. That doesn't mean you can't enjoy a special meal out. Part of a vacation can be the fun of eating at a memorable place. The key is to be strategic. Choose the meals you want to splurge on, and save on the rest. Set a Daily Spending Limit Before the trip begins, decide how much you can spend each day. Then, make it a family challenge to stay under that amount. This can turn budgeting into a game rather than a burden. It helps children think carefully about purchases and gives everyone a shared goal. Instead of saying yes to everything in the moment, your family can work together to decide what is truly worth the cost. Come Home With Memories, Not Debt The best vacation is not the one with the biggest price tag. It's the one that gives your family time together, creates lasting memories, and allows you to come home without financial regret. A budget-friendly vacation doesn't mean settling for less. It means choosing what matters most, planning wisely, and remembering that joy is not found in how much we spend, but in the people we share life with. On Today's Program, Rob Answers Listener Questions: I'm 66, recently retired from the Air Force, and considering taking Social Security before full retirement age. What income counts toward the earnings limit—just wages, or also pension income and IRA withdrawals? And how does a lump-sum vacation payout affect that? I'm 60 and plan to work until 67. I have traditional and Roth IRAs. Should I continue doing small Roth conversions each year, as my CPA suggested, or wait until retirement? What's the advantage of converting now? I'm 72, turning 73 soon. Can I use a donor-advised fund to satisfy my RMDs, and when exactly do RMDs begin? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) MoneySavingMom.com  Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) 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.

This episode of The Road to Retirement focuses on the growing influence of “FinTalk” — financial advice shared through TikTok and social media platforms — and the impact it’s having on investors and retirees. Tripp Limehouse and Steve Sedahl discuss why more people are turning to influencers for financial guidance, the dangers of oversimplified online advice, and how emotional reactions to headlines can derail long-term retirement plans. They also highlight the positive side of social media, including increased awareness around investing, Roth IRAs, ETFs, and retirement planning for younger generations. Throughout the conversation, Tripp emphasizes the importance of personalized financial planning, fiduciary guidance, and having a written retirement plan tailored to each individual’s goals and risk tolerance. Visit Limehouse Financial to learn more. Call 800-940-6979See omnystudio.com/listener for privacy information.

Clark Howard joins Wes Moss and Christa DiBiase for a fun, fast-moving Retire Sooner Podcast episode packed with conversations about retirement planning, Roth conversions, HSAs, taxes, investing, and the lifestyle choices that may help to shape financial life. From boats and horse racing to tax strategies and retirement income planning, this episode blends practical financial conversations with the relatable chemistry listeners love. • Compare **Roth vs. traditional **401(k) contribution approaches as Clark Howard and Wes Moss sort through taxes, future flexibility, and retirement income planning considerations. • Consider how state income taxes, Roth conversions, required minimum distributions (RMDs), and Medicare IRMAA (Income-Related Monthly Adjustment Amount) surcharges may influence retirement cash flow over time. • Explore HSA strategies, backdoor Roth IRAs, and mega backdoor Roth opportunities while reviewing contribution rules and planning considerations for higher earners. • Weigh whether buying a boat aligns with lifestyle goals and retirement spending priorities by comparing personal value and real-world price-per-use scenarios. • Enjoy Christa DiBiase's stories about horse racing, sports fandom, and finding balance between financial goals and enjoying life along the way. Listen and subscribe to the Retire Sooner Podcast to hear Clark Howard, Wes Moss, and Christa DiBiase bring retirement planning and investing conversations to life with humor, perspective, and approachable discussions about financial independence, retirement income, and long-term planning strategies. Learn more about your ad choices. Visit megaphone.fm/adchoices

A growing number of Christians are asking not just how to invest, but whether their investments reflect what they believe. For many believers, investing has often been treated as a purely financial activity—something focused on returns, risk, diversification, and retirement goals. But what if investing is also deeply connected to our faith and calling? Luke Bolton, Executive for Strategic Relationships at Kingdom Advisors and co-author of the upcoming book, The Theology of Investing: A Biblical Perspective for Contemporary Investors, joins us on the show today to say that this is ultimately about more than financial strategy. It is about theology—what we believe about God, money, stewardship, and the world He created. Why a Theology of Investing Matters Most Christians encounter investing at some point, whether through a workplace retirement plan, an IRA, a brokerage account, or a conversation with a financial advisor. But many have never paused to ask a deeper question: What does my faith have to say about this? For Bolton, the answer begins with the lordship of Christ. If we confess that Jesus is Lord, then He is Lord over everything—including our money, savings, and investments. Colossians 3:17 says, “And whatever you do, in word or deed, do everything in the name of the Lord Jesus.” That “everything” includes how we invest. This does not mean every Christian will make the exact same investing decisions. But it does mean investing should not be placed in a separate category outside discipleship. Our portfolios, like every other part of life, should be brought under the wisdom and purposes of God. Investing Begins in the Heart A biblical approach to investing starts with what is happening internally. Are we trusting God, or are we trusting the markets? Are we investing out of wisdom and stewardship, or anxiety and fear? Are we content and grateful, or driven by comparison and accumulation? Those heart-level questions matter because financial decisions are never purely financial. They reveal what we value, what we fear, and where we place our hope. Scripture repeatedly reminds us not to put our ultimate confidence in wealth, which is uncertain, but in God, who richly provides. That perspective changes the way we think about return, risk, security, and purpose. Investing Also Has an Outward Expression Faith-based investing is not only about the heart, though. It also shapes outward decisions. Bolton explained that over the last 20 to 30 years, a growing number of Christians have begun taking meaningful action through their investments in three key ways. Some seek to avoid investments that conflict with their faith. Others look for opportunities to use their influence as investors for good. Still others seek investments that actively align with God's heart for human flourishing and the good of His world. In other words, faith-based investing can move beyond simply asking, “What should I avoid?” It can also ask, “What good can my investments help accomplish?” Seeking the Welfare of the World Jeremiah 29:7 says, “Seek the welfare of the city where I have sent you…for in its welfare you will find your welfare.” Galatians 6:10 adds, “As we have opportunity, let us do good to everyone, and especially to those who are of the household of faith.” Those passages help frame investing as an opportunity. Capital can be deployed in ways that contribute to human flourishing, support productive work, and reflect God's concern for the world He made. That does not remove the need for careful financial analysis. Investors still need wisdom, diversification, and sound counsel. But it does add another layer of due diligence: How might this investment reflect God's character, purposes, and mission? Where to Begin For someone who wants to move in this direction, Bolton suggested a few simple first steps. Start by learning more about investing from a biblical worldview. Then take time to understand what you already own. Many investors do not know which companies or funds are represented in their portfolios. From there, seek wise counsel. This is not a conversation to navigate alone or simply by searching online. Proverbs reminds us that wisdom is often found in the presence of many counselors. A practical next step may be as simple as asking your advisor, “How might I better align my investments with my values?” Bolton noted that many advisors are waiting for clients to raise the question. In many cases, values-aligned investing conversations begin when investors ask. Your Portfolio Is an Opportunity The field of faith-based investing continues to grow. More investment solutions are becoming available for retirement plans, IRAs, Roth IRAs, and brokerage accounts. That growth is encouraging because it gives Christian investors more opportunity to connect their financial decisions with their convictions. But the goal is not merely to find a “Christian” version of investing. The deeper goal is faithful stewardship. Investing is not only about increasing wealth. It is about managing what God has entrusted to us in a way that reflects His character and purposes. At the end of the day, our portfolios are more than accounts. They are opportunities. They give us a chance to ask whether our financial decisions are shaped by faith, wisdom, and love of neighbor. They invite us to consider how our resources can participate in God's work in the world. If you want help aligning your investments with your faith and values, you can connect with a Certified Kingdom Advisor® (CKA®) at FindaCKA.com.  When searching, you can indicate that you are looking for an advisor who specializes in faith-based investing. On Today's Program, Rob Answers Listener Questions: If someone opened a fraudulent account using my name and Social Security number, could it show up on only one credit bureau and not the others? A friend is turning 62 and wants to retire early due to health issues. She believes her Social Security will be reduced by 85% because her husband is still working. Is that true? And would she qualify for any senior tax exemptions or breaks? I paid off a car loan in 14 months on a four-year note, but my credit score dropped about 38 points. Why would that happen? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) AnnualCreditReport.com Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) 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.

David McKnight dissects a topic that causes a lot of confusion for retirees and pre-retirees: How  Roth conversions affect social security taxation and Medicare premiums (IRMAA). Some warn against Roth conversions in retirement as they can cause your Social Security to become taxable and could also raise your Medicare premiums. While that's true, David believes that the long-term benefits of Roth conversions can far outweigh the temporary, short-term pain they can cause. In order to determine whether your Social Security benefits will be taxed, the IRS tracks the so-called provisional income. If you perform a Roth conversion after you begin collecting Social Security, that additional income can push you above certain thresholds that cause your Social Security benefits to become taxable. Medicare premiums are also influenced by your income through IRMAA (Income-Related Monthly Adjustment Amount), and they look at your income from two years earlier to determine your IRMAA bracket, Remember: A Roth conversion today could trigger higher Medicare premiums two years from now.  David also explains that Roth withdrawals are not included in provisional income. Not only do they not cause your Social Security benefits to become taxable, but they also do not count towards the income thresholds that trigger higher Medicare premiums. As David points out, with the approach discussed in this episode, you're essentially compressing the tax pain into a few years, so you can enjoy decades of tax-free income later on. The national debt continues to spiral out of control to the point where economists are now predicting massive tax increases within the next 10 to 20 years. If such predictions are accurate, the people who will benefit most are those who have already shifted large portions of their retirement savings into tax-free accounts like Roth IRAs. By performing Roth conversions today – while tax rates are historically low – you're effectively locking in today's tax rates and protecting yourself from the possibility of much higher rates down the road. When talking about Roth conversions affecting Social Security taxation and IRMAA, we have to remember that those impacts are temporary, while the tax-free benefits can last for the rest of your life. David touches upon two reasons why it may make sense to delay taking Social Security while you're performing Roth conversions. Increasing the likelihood that your money will last as long as you do should be the #1 goal of every retirement plan.     Mentioned in this episode: David's new book: The Secret Order of Millionaires David's national bestselling book: The Guru Gap: How America's Financial Gurus Are Leading You Astray, and How to Get Back on Track Tax-Free Income for Life: A Step-by-Step Plan for a Secure Retirement by David McKnight 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

June in Washington State is 62 with $2.5 million saved and a $350,000 pension on the table. Should she take the lump sum or the monthly check for life? Spoiler alert: there's a 3-to-1 vote in the studio, and Big Al is the one, today on Your Money, Your Wealth® podcast number 581 with Joe Anderson, CFP®, and Big Al Clopine, CPA. Plus, how aggressive should “Homer and Marge” get with Roth conversions, and is it smart to pay the conversion tax from an inherited IRA RMD? Pompous Assets drops his big, fat wallet on the YMYW table next: with millions in tax-deferred and taxable accounts, why is his financial advisor fighting him on a Roth conversion? Of course, Joe and Big Al have some thoughts on the subject. Finally, Johnny Mercer in Georgia is eyeing an immediate income annuity and a MYGA. The fellas break down why that 7.5% “rate of return” might not be what he thinks.Free Financial Resources in This Episode: https://bit.ly/ymyw-581 (full show notes & episode transcript)Ultimate Guide to Roth IRAs - free download:https://purefinancial.com/white-papers/roth-ira-white-paper/?utm_source=captivate&utm_medium=podcast&utm_campaign=whitepaper-ultimate-guide-to-roth-iras&utm_content=ymyw-pod-ep581-description-whitepaperFinancial Blueprint (free, self-guided):https://purefinancial.com/financialblueprint/?utm_source=captivate&utm_medium=podcast&utm_campaign=financial-blueprint&utm_content=ymyw-pod-ep581-description-blueprintYour 11 Step Path to Financial Freedom - YMYW TV:https://purefinancial.com/ymyw/episodes/your-11-step-path-to-financial-freedom/?utm_source=captivate&utm_medium=podcast&utm_campaign=ymyw-tv&utm_content=ymyw-pod-ep581-description-tv-s10e13Financial Assessment (Meet with an experienced professional):https://bit.ly/PureFreeAssessmentREQUEST your Retirement Spitball Analysis:https://bit.ly/AskJoeAndAlDOWNLOAD more free guides:https://bit.ly/PureGuidesREAD financial blogs:https://bit.ly/PureFinBlogWATCH educational videos:https://bit.ly/PureEdVideosSUBSCRIBE to the YMYW Newsletter:https://bit.ly/YMYWNewsletterConnect With Us:Subscribe on YouTube and join the conversation in the comments:https://bit.ly/YMYW-YTSubscribe or follow YMYW in your favorite podcast app:https://lnk.to/ymywLeave your honest reviews and ratings in Apple Podcasts:https://podcasts.apple.com/us/podcast/your-money-your-wealth/id312900254Chapters: 00:00 - Intro: This Week on the YMYW Podcast01:08 - Should I Take the Pension Lump Sum or Monthly Income? (June, WA State)09:23 - How Much Should We Convert to Roth Each Year? (Homer & Marge)16:26 - Should I Convert My Entire IRA to a Roth? (Pompous Assets, Arkansas)23:00 - $5M All in Pre-Tax. Should I Buy an Annuity Before It's Too Late? (Johnny Mercer, GA)36:00 - Outro: Next Week on the YMYW Podcast

She Retired From The Air Force At 41, Then Built A PR Empire | Danyail Lawton, Bold Moves Consulting Air Force veteran Danyail Lawton retired after 23 years of service, launched Bold Moves Consulting in Las Vegas, and turned a 9th grade short story into the upcoming children's book Penelope and the Vase. On this episode of Diversified Game, she breaks down the moves that took her from enlisting at 18 to running her own strategic communications firm, with no student loan debt and a full military pension behind her.We get into why she set goals four years at a time and why that mindset carried her to retirement, how she earned a bachelor's in organizational leadership and a master's in strategic communications from Penn State World Campus while serving full time, and how she landed her first PR client through a hospitality connection in Florida. Danyail also gave the people real game on pricing, explaining why $3,500 is the floor for serious work, why $500 budgets will not get the job done, and how to spot client red flags during a discovery call before you ever sign a contract. We closed strong on TSP, Roth IRAs, faith, resilience, marriage, and raising a special needs son while running a business.Whether you are thinking about the military path, planning your exit, building a brand, or trying to leave something for your kids, this conversation has something for you.EPISODE CHAPTERS00:00 Welcome and intro03:00 Danyail introduces Bold Moves Consulting05:00 Joining the Air Force at 1807:00 The trait that gets you to 20 plus years10:00 Why she launched Bold Moves after retirement12:00 The story behind Penelope and the Vase14:00 Two degrees, no student loans17:00 Going to school as an older adult19:00 Building the back office and her first client24:00 Spotting red flags in a discovery call32:00 Why the wrong client costs you the right one34:00 Real pricing, real packages38:00 AI as a tool, not a crutch40:00 Giving back, United Through Reading and Special Olympics44:00 Marriage, military, and special needs parenting47:00 TSP, Roth IRAs, and building wealth49:00 Faith and finishing the missionLearn the mindset and moves that lead to real results. Please visit my website to get more information: http://diversifiedgame.com/

Tom takes a Wall Street Journal retirement-account quiz while Don gleefully plays game show host, leading to a surprisingly useful (and occasionally chaotic) discussion of HSAs, Roth IRAs, Trump accounts, 529 plans, contribution limits, and retirement withdrawal rules. The episode then pivots into listener questions about ACAT transfer anxiety during market volatility and a blistering takedown of indexed annuities, including misleading “bonuses,” surrender charges, and the illusion of “market returns without risk.” The show wraps with a spirited rebuttal to a listener defending annuities and a reminder that insurance companies aren't charities—they're math machines built to profit from your longevity assumptions.0:05 Wall Street Journal retirement-account quiz begins1:06 Admitting financial advisors don't know everything1:50 AI voices, digital immortality, and cloned Don4:01 HSAs and the “triple tax advantage”5:20 Roth vs. traditional IRA tax treatment6:34 Employer matches and “Trump accounts”7:46 529 contribution-limit confusion8:47 IRA contribution eligibility and earned income11:17 Rule of 55 for penalty-free 401(k) withdrawals12:37 Trump accounts requiring U.S. stock index funds14:25 Expanded 529 eligible expenses under new law16:06 Listener question about ACAT transfer anxiety during volatility18:24 Why missing a few market days usually doesn't matter20:57 Indexed annuity “bonus” pitch dismantled23:17 Why Don despises most insurance investment products24:27 Listener challenges the show's annuity criticism26:12 Why annuities and bonds are not equivalent28:09 Long-term market assumptions vs. fear-based selling29:22 Appella's free portfolio-review philosophy29:51 Immediate annuity math and the “you're getting your own money back” argument31:23 Why insurance companies usually win the longevity bet32:15 Mattress-money analogy for annuity payouts32:59 Closing thoughts and growing podcast downloadsQuestions? Comments? Click!

Brent chats with Gary Pattengale about how clients can use after-tax strategies to improve their investing and planning outcomes. They discuss things like Roth IRAs, utilizing losses, counseling clients on the complexity, and helping people make informed decisions. Gary Pattengale serves as a Senior Vice President, Advanced Planning Specialist and Wealth Advisor in Mesirow Wealth Management. Gary acts a centralized, specialized resource advising clients on tax implications and strategy considerations when building comprehensive financial plans. Gary has over 30 years of experience in the financial services industry. Prior to joining Mesirow in 2024, Gary helped individuals, families and entities with their investment and financial planning needs as well as helping corporate executives and key employees navigate their stock-based compensation plans at companies such as Corient and Northern Trust. He also served in various accounting and auditing roles. Gary earned a Bachelor of Science in Accounting from Northern Illinois University and has also earned his CERTIFIED FINANCIAL PLANNER®  designation and has previously held the Certified Public Accountant certification. Gary can be found at: Gary Pattengale | Mesirow Employee Bio This material is for informational purposes only. The views expressed are those of the speaker as of the date noted and not necessarily of the speaker's firm or its affiliates. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Today, Nicole unpacks the exact accounts she opened for her daughter, the math that makes starting early almost unfair, and the money script she's determined to rewrite for the next generation. Whether you have a newborn, a teenager, or you're realizing you wish someone had done this for you, this episode is a blueprint. Nicole breaks down how a 529 plan is far more flexible than most parents realize, why a custodial brokerage account is less about returns and more about teaching kids that money grows quietly in the background, and why a retirement account for a one-year-old is not as insane as it sounds — it's one of the most powerful financial moves a parent can make.  Check out Nicole's financial literacy course The Money School Find a Financial Advisor or Financial Coach from Nicole's company Private Wealth Collective Watch video clips from the pod on Money Rehab's Instagram and Nicole Lapin's Instagram Here's what Nicole covers today: 00:00 Are You Ready for Some Money Rehab? 01:13 529 Plans: More Flexible Than You Think 02:02 The Math on Starting Early vs. Waiting 02:51 Super Funding: The IRS Loophole Most Parents Miss 03:31 Lump Sum vs. Monthly: The Numbers That Will Shock You 04:00 How to Shop for the Best 529 Plan 04:17 Custodial Brokerage Accounts Explained 05:00 The Financial Aid Trade-Off 05:41 Why Nicole Really Opened This Account for Her Daughter 05:56 The Custodial Roth IRA (Yes, for a 1-Year-Old) 07:00 The Number That Changes Everything 08:00 Roth IRAs and Financial Aid: The Cleaner Vehicle 08:21 Rewriting the Money Script 09:00 Tip You Can Take Straight to the Bank All investing involves risk, including loss of principal. This episode is for informational purposes only and does not constitute financial, investment, or legal advice. Always consult a licensed professional before making financial decisions.

In this episode, Travis and his producer Eric break down financial advice circulating online and react to contrasting perspectives from popular finance personalities. They unpack the practicality of investing strategies like Roth IRAs versus real estate, while also diving into fascinating money stories—like how blockbuster filmmaker deals can generate massive long-term income. With a mix of humor and real-world insight, this episode blends financial education with entertaining commentary on wealth-building strategies and big-money opportunities. On this episode we talk about: The pros and cons of investing in a Roth IRA versus real estate Why simplicity often wins for beginner investors Common misconceptions about taxes, retirement accounts, and withdrawals The power of intellectual property and long-term deal structures How massive businesses (like theme parks and casinos) generate and scale revenue Top 3 Takeaways Simple investing strategies—like consistently contributing to a Roth IRA and index funds—are often the most effective for the average person. Real estate can be powerful, but it requires significantly more knowledge, effort, and risk tolerance to succeed. Long-term deals tied to intellectual property (like Spielberg's theme park agreement) can create enormous, passive income streams over time. Notable Quotes "You don't need expertise to start investing—just consistency and a simple plan." "There's always risk, but some strategies are a lot safer and easier to execute than others." "Money only solves your money problems—but it makes everything else easier to figure out." Connect with Travis Chappell: LinkedIn: https://www.linkedin.com/in/travischappell Instagram: https://www.instagram.com/travischappell Other: https://travischappell.com  Travis Makes Money is made possible by High Level – the All-In-One Sales & Marketing Platform built for agencies, by an agency.  Capture leads, nurture them, and close more deals—all from one powerful platform.  Get an extended free trial at gohighlevel.com/travis Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Q&A episode of the Tax Smart REI Podcast, Thomas Castelli and Nathan Sosa answer real questions from listeners, clients, and the Tax Smart community. They cover a wide range of topics, from how to properly track your time for material participation, to how short-term rentals should be classified for tax purposes, to what really qualifies for bonus depreciation under the latest tax law changes. They also break down strategies for investing for your kids' future, including 529 plans, Roth IRAs, and newer account options, along with the pros and cons of each. To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6 Get the FREE Ultimate STR Tax Strategy Bundle: go.therealestatecpa.com/strbundle Submit your question for Tom & Nathan: go.therealestatecpa.com/question Time Log: https://www.therealestatecpa.com/time-log/ The Tax Smart Real Estate Investors 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. Any mention of third-party vendors, products, or services does not constitute an endorsement or recommendation. You should conduct your own due diligence before engaging with any vendor.

If you've been telling yourself, “This is the year I'm finally going to start investing,” but somehow another month goes by and you still haven't done anything, this episode is for you. Investing hesitation is almost never about intelligence. It's about uncertainty. What if you pick the wrong thing? What if the market drops? What if you should be doing something else with the money first? And when every decision feels high-stakes, it's easy to stay stuck in research mode and call it being responsible. In this episode, Shari Rash, founder of GWA Wealth, breaks down where to actually start if you want to invest this year. You'll learn the investing order of operations, why cash reserves matter before you start putting money into the market, how to think about employer matches, IRAs, Roth IRAs, taxable brokerage accounts, and why consistency usually matters more than picking the “perfect” investment. You'll also hear why sitting on too much cash can quietly cost you, how to think about investing when you still have debt, and why the goal is not to become obsessed with investing — it's to build a plan you can actually stick with. You'll hear: Why smart women delay investing even when they know they “should” start The three-question filter to help you know what money is ready to invest The investing starter path: cash base, employer match, IRA or Roth IRA, and taxable brokerage Why time in the market matters more than trying to time the market How to stop letting fear of the wrong move keep your money sitting on the sidelines If you want help building a personalized investing plan for your actual life — your income, your taxes, your goals, your timeline, and your real-world decisions — learn more at gwawealth.com. This is exactly the work Shari does with women who are doing well on paper but want to feel more confident and in control of their money. Talkin' Points → where your money gets smarter. Real talk, practical tips, zero guilt straight to your inbox. Sign up here.  Be sure to like and follow the show on your favorite podcast app!Keep the conversation going on Instagram @everyonestalkinmoney This episode is provided for informational and educational purposes only and should not be construed as personalized financial, investment, tax, or legal advice. The information discussed is general in nature and may not be appropriate for your specific financial situation, goals, risk tolerance, or time horizon. Investing involves risk, including the potential loss of principal. Past performance is not indicative of future results. References to retirement accounts, Roth IRAs, traditional IRAs, taxable brokerage accounts, employer retirement plans, dollar-cost averaging, asset allocation, or other financial strategies are intended as general education and should not be interpreted as a recommendation to buy, sell, or hold any specific security or investment product. GWA Wealth is a registered investment adviser. Advisory services are offered only to clients or prospective clients where GWA Wealth and its representatives are properly licensed or exempt from registration. Nothing in this episode should be considered an offer to sell or a solicitation of an offer to buy any securities or advisory services. For more information about GWA Wealth, including services, fees, and conflicts of interest, please review the firm's Form ADV Part 2A and related disclosures. Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us Fan MailDr. Shilpi is an ophthalmologist, solo practice owner of 11 years, real estate investor, author, mom of four, and Wealth Village member. She has hit her financial independence number, endowed a scholarship at her medical school alma mater, built passive income streams that fund her children's Roth IRAs, and designed a practice schedule that works for her family, not the other way around.She came on the MoneyFitMD show and left nothing on the table.In this episode:How she built a solo practice from scratch in 2015 with no fear and one beliefGoing from 8am to 5pm to 9am to 4pm without losing income and the specific system that made it possibleHow she committed $50,000 to an endowed scholarship while still carrying six figures of student debt and funded it over seven years while building everything elseThe strategy she used for real estate, buy one property, learn from it, fix the mistakes, buy the next oneWhy she joined Wealth Village, what kept her there, and what she thinks about physicians having coachesThe most important financial decision she believes anyone makes and it is not about money"I was doing it to heal myself. That was the only reason. I didn't realize the impact it would have."You're making six or even seven figures and still asking, “Where did all my money go?”  The Money Left Over program gives women physicians the tools to uncover 4–5 figures in extra monthly cash and finally let your money start working for you.

#710: What does it really look like to balance financial optimization with real-life tradeoffs—whether that's choosing meaningful work, spending down your savings, or deciding where your next dollar should go? Mike is planning to retire at 60 with $1 million saved and a clear goal: spend it all during his lifetime. He wants to know how to structure his withdrawals so he can maximize income now while still covering the decades ahead. Kip was planning to retire after feeling burned out—until a chance conversation led him to a completely different role within his company. Now he's happier than ever, but he's also curious about whether real estate syndications are a smart next step for investing. Jessie and their spouse are about five years away from early retirement and trying to decide where their next savings dollar should go—keep maxing out Roth IRAs, or shift toward a taxable account for more flexibility? We'll get into all of that—and how to think through each of these decisions—on today's episode. Resources Mentioned: Listen to Kip's previous question: https://affordanything.com/episode627 Don't miss the YFRP Webinar! https://affordanything.com/rental2026 Join the YFRP waitlist:⁠ https://courses.affordanything.com Stay in the Loop:⁠ https://affordanything.com/newsletter⁠ Die with Zero, a book by Bill Perkins: ⁠https://amzn.to/3P1ydBS⁠ Share this episode with a friend, colleagues, and your arborist: https://affordanything.com/episode710 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Host John Odermatt interviews Edward Brady, a former SEC examiner with 25 years in financial oversight and author of the upcoming book “Awaken Your Financial Star.” Brady explains why people feel financially behind despite higher incomes, citing inflation and lifestyle creep, and contrasts Sylvia Bloom's $8M savings success with Warren Sapp's bankruptcy. He outlines practical steps like tracking cash flow, using employer 401(k) matches, and weighing traditional vs Roth IRAs based on future tax expectations. Brady presents his STAR framework—Savings, Time, Assets, Real returns—emphasizing time and compounding, and discusses matching asset choices to investment horizons rather than predicting crashes. He also shares fraud-defense lessons from SEC work, including skepticism, background checks, independent custodians, fiduciaries, and diversification across custodians, and concludes that financial progress is best measured by cash flow and freedom of choice. New sponsor alert: Jason Gagne's Good 2GoBody 90-day beginner fitness program. Chapters: 00:00 Why You Feel Behind 00:49 Show Welcome and Sponsor 02:34 Meet Edward Brady 03:48 Inflation and Lifestyle Creep 06:48 Practical Saving Moves 08:18 Roth vs Traditional Accounts 11:07 From Military to SEC 12:51 The STAR Wealth Framework 15:31 Time and Compounding Lessons 17:54 Fraud Proof Your Money 20:44 Real Estate Done Right 24:11 Market Outlook and Horizons 33:34 Measuring Real Progress 38:20 Book Release and Wrap Up SUPPORT LIONS OF LIBERTY: Help keep this podcast going! We rely on listener support to continue bringing you content on freedom, political reform, and personal empowerment. Support us on Patreon: https://patreon.com/lionsofliberty Support us on Locals: https://lionsofliberty.locals.com/ Subscribe, rate, and review wherever you listen – it makes a huge difference! Learn more about your ad choices. Visit megaphone.fm/adchoices

Roxy Butner joins the show to break down practical retirement saving strategies—especially for entrepreneurs who struggle to pay themselves first. The conversation covers foundational options like IRAs and Roth IRAs, then moves into more powerful tools such as Solo 401(k)s, SEP IRAs, and SIMPLE IRAs for business owners. They highlight the enormous impact of starting early through compounding, common planning mistakes (like neglecting retirement and estate planning), and current client concerns around market volatility and geopolitical risk. Listener questions tackle HSA asset allocation and whether bonds belong in a portfolio nearing withdrawal, along with a comparison between money market funds and bond funds. The episode reinforces a core theme: ignore the noise, build a plan, and stick to it.0:09 Show intro and Roxy joins; focus on practical, common-sense advice0:50 Entrepreneurs and the challenge of saving vs reinvesting in business1:14 Getting started: traditional IRA basics and tax deferral2:41 Roth IRA advantages and contribution limits3:41 Retirement options for self-employed: overview4:20 Solo 401(k): high contribution potential and dual-role benefits5:17 SEP IRA: flexible contributions for variable income6:40 Contribution discipline and “pay yourself first” strategy7:44 SIMPLE IRA for small businesses with employees8:22 The power of compounding and starting early9:12 Early vs late investor example—time beats total contributions10:29 Common mistakes: not planning early, ignoring estate planning12:00 Tax season behaviors and last-minute contributions13:15 Listener question: HSA allocation—100% equity vs adding bonds14:03 Suggested shift toward 80/20 or modest fixed income allocation15:34 Risk considerations and need for stability nearing withdrawals16:00 Listener question: money market vs bond fund performance16:51 Apples-to-apples comparison and limits of historical data17:57 Role of bonds vs money markets in long-term portfolios18:49 Client fears: market drops and volatility concerns19:49 Geopolitical risk and sticking to a long-term plan20:17 Importance of real financial planning vs guessing returns21:57 What listeners get from a free advisor consultation23:16 How to connect with an advisor and submit questionsQuestions? Comments? Click!

In this episode of the White Coat Investor Podcast, we dive into practical strategies for physicians, dentists, and high-income professionals to make the most of Roth accounts, retirement planning, and related tax moves: • How to leverage your 530A "Trump" account to get extra benefits • Evaluating whether TSP Roth conversions make sense for your situation • When student loan refinancing is advantageous again • Rolling a military TSP into a civilian retirement account • Using backdoor Roth IRAs alongside a SIMPLE IRA • Converting Roth accounts to reduce future required minimum distributions (RMDs) • Overview of the WCI peer-to-peer loan program   This episode provides actionable, credibility-first guidance for tax-efficient retirement planning and wealth-building strategies tailored to high-income professionals.   This podcast is sponsored by Bob Bhayani at Protuity. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://whitecoatinvestor.com/protuity today by email info@protuity.com or by calling (973) 771-9100.   The White Coat Investor Podcast launched in January 2017, and since then, millions have downloaded it. Join your fellow physicians and other high income professionals and subscribe today! Host, Dr. Jim Dahle, is a practicing emergency physician and founder of The White Coat Investor blog. Like the blog, The White Coat Investor Podcast is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor-or at least know enough to not get ripped off by a financial advisor. We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, side hustles, and how everyone can be a millionaire by living WCI principles.   Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  TikTok: https://www.tiktok.com/@thewhitecoatinvestor  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

Is a $2M net worth enough to retire in 10 years? In this Finance Friday episode, Mindy and Scott break down a real “messy middle” case study—Karl, a high-saving household navigating early retirement planning, rising expenses, healthcare costs, and market uncertainty after doing everything right.  You'll learn how to evaluate your FI timeline using the 4% rule, safe withdrawal strategies, portfolio diversification, and tax-efficient investing across 401(k)s, Roth IRAs, and brokerage accounts. They also cover sequence of returns risk, Roth conversion strategies, and how to balance active income with long-term wealth building. If you're wondering whether you're truly on track for early retirement—or how to turn your net worth into lasting financial freedom—this episode gives you the frameworks and numbers to find out. To go beyond the podcast: Kick start your financial independence journey with our FREE financial resources - https://biggerpocketsmoney.com/resources Subscribe on YouTube for even more content- www.youtube.com/biggerpocketsmoney  Connect with us on social media to join the other BiggerPockets Money listeners - https://www.facebook.com/groups/BPMoney Resources from this episode: KFF Health Insurance Calculator: https://www.kff.org/interactive/subsidy-calculator/ Rising Healthcare Costs in Early Retirement Article: https://biggerpocketsmoney.com/why-healthcare-costs-rise-sharply-with-age-in-early-retirement-and-why-early-retirees-need-a-bigger-buffer-than-the-4-rule/ Personal Financial Statement: biggerpocketsmoney.com/resources  We believe financial independence is attainable for anyone no matter when or where you're starting. Let's get your financial house in order! Learn more about your ad choices. Visit megaphone.fm/adchoices