Podcasts about social security

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Means-oriented social benefit

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  • Jan 19, 2022LATEST
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Best podcasts about social security

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Latest podcast episodes about social security

MoneyWise on Oneplace.com
God's Part With Howard Dayton

MoneyWise on Oneplace.com

Play Episode Listen Later Jan 19, 2022 24:57


To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 1 Chronicles 29:11 reads, Everything in the heavens and earth is yours, O Lord, and this is your kingdom. We adore you as being in control of everything. God created, owns and controls everything. We certainly have a part in managing those resources,but so does God. Today, Howard Dayton joins Rob West to discuss God's role in our finances. Scripture teaches there are two parts to the handling of our money: God's part and ours. But that still leaves room for confusion. WHAT IS GOD'S ROLE IN OUR FINANCES? In Scripture God calls Himself by more than 250 names the name that best describes God's part in the area of money is Lord. It's important to grasp that because how we view God determines how we live. For example, after losing his children and all his possessions, Job was STILL able to worship God. He knew the Lord and His role as Lord of those possessions. OWNERSHIP The Bible is crystal clear that God is sole owner of everything. Psalm 24:1, "The earth is the Lord's, and all it contains." Scripture even reveals specific items God owns. Leviticus 25:23 identifies Him as owner of all the land: It reads, "The land shall not be sold permanently, for the land is Mine." Haggai 2:8 reveals that "'the silver is Mine, and the gold is Mine,' declares the Lord of hosts." And in Psalm 50:10, the Lord tells us: "For every beast of the forest is Mine, the cattle on a thousand hills." The Lord is the Creator of all things, and He never transferred the ownership of His creation to people. Recognizing God's ownership is critical in allowing Jesus Christ to become the Lord of ALL our money and possessions. CONTROL God's second area of responsibility is ultimate control of every event that occurs upon the earth. Examine several of the names of God in Scripture: Master, Almighty, Creator, Shepherd, Lord of lords and King of kings. It's quite obvious who's in charge and it's not us! Psalm 15:6 reads, "Whatever the Lord pleases He does, in heaven and in earth." And in Isaiah 45:6-7 we find, "I am the Lord, and there is no other, the One forming light and creating darkness, causing well-being and creating calamity; I am the Lord who does ALL these." GOD'S PURPOSE Our heavenly Father uses even seemingly devastating circumstances for ultimate good in the lives of the godly. Romans 8:28 says, "And we know that God causes all things to work together for good to those who love God, to those who are called according to His purpose." Now, why does the Lord allow difficult circumstances to enter our lives? There are at least three reasons: (1) to develop our character, (2) to accomplish His intentions, and (3) to lovingly discipline us when needed. PROVISION That brings us to God's third responsibility: Provision. In Matthew 6:33 Jesus says, "Seek first the kingdom of God, and his righteousness; and all these things [meaning food and clothing] shall be added unto you." And in Genesis 22:14, God is spoken of as "Jehovah-jireh" which means "the Lord will provide." He takes care of His people, regardless of what the stock market or the economy are doing. LISTENER QUESTIONS On today's program, Rob also answers listener questions: ●Does it make sense to open a new checking account in order to receive a cash bonus for opening the account? ●In a general sense, how does the Social Security retirement program work? ●Are there safe alternatives to a savings account that pay a very low interest rate? ●When preparing to get married, would it be best to make out a will now or wait until after the wedding? ●Should you pay off a property while still paying on credit card debt or eliminate the credit card debt first? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them toQuestions@MoneyWise.org. Also, visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it's your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking theDonate tab on our websiteor in our app.

MoneyWise on Oneplace.com
The Scholarship Hunt

MoneyWise on Oneplace.com

Play Episode Listen Later Jan 18, 2022 24:57


To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 Paying for college can be a great investment. But wouldn't it be even greater if someone else picked up part of the tab? Each year nearly 8-billion dollars in scholarships is handed out to 1.7 million students. Today on MoneyWise, we'll tell you how you may be able to get some of that free money. SOARING COLLEGE COSTS So, how expensive is college? The latest data from the College Board shows that the average in-state student attending a four-year public college this year will spend over $27,000. That's just for one year. For students attending private colleges, the average annual cost is nearly $55,000. Many organizations are willing to help you pay for college through scholarshipsifyou meet their qualifications. Below are a number of resources to help point you in the right direction. SCHOLARSHIP RESOURCES Our first source for scholarship money isFastweb. They host more than 1.5 million scholarships totaling nearly $3.5 billion in scholarships and grants. A search feature helps match you to scholarships that meet your individual needs. It'll also keep track of where you've applied. TheCollege Boardis best known for testing materials, but it can also help youpayfor college. On their site you can apply for scholarshipsand internships.They have leads on about 2,200 programs offering nearly $6 billion every year. Niche.com, as the name implies, can help you not only to find scholarship money, but also colleges that cater to your specific major and interests. Next there'sScholarships.com. They have a huge database with more than 3.5 million scholarship and grant opportunities totaling almost $20 billion. You can browse by category or set up a profile to help you find scholarships specific to your interests. Cappexis another great source for scholarships. They have leads on $11 billion in scholarship opportunities. They also have a tool to help you calculate the odds of getting into a school of your choice before you even apply. Cheggis best known as an online textbook store, but they can also point you to about 25,000 different scholarships. And they have a top picks of the week feature to help improve your odds of landing one. Keep in mind that many of these scholarship opportunities are merit-based, meaning the higher your grades, the better your chances of landing that kind of scholarship. But what if you're more athletically inclined? There's a site to help with that.Unigolets you search for athletic scholarships as well as a wide variety of funding opportunities offered by specific schools and companies. Also, check outPeterson's, which is best known as a clearinghouse for information about colleges and universities. They also host about $10 billion in scholarship opportunities. The Labor Department sponsors a website calledCareerOneStop, which allows you to search more than 8,000 scholarships, fellowships, and grants. And that's money you won't have to pay back. One final idea: check with the financial aid office at whichever schools you apply to. Sometimes they have scholarship money available, too. LISTENER QUESTIONS On today's program, Rob also answers listener questions: ●At age 65, would it be best to take your own Social Security benefits or the survivor benefits of a deceased spouse? ●When does it make sense to turn to a fiduciary for financial advice? ●When should you buy long-term car insurance vs relying on retirement nestegg? ●Should you wait until 70 year of age to begin drawing Social Security? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them toQuestions@MoneyWise.org. Also, visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it's your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking theDonate tab on our websiteor in our app.

Jill on Money with Jill Schlesinger
Claiming Social Security Early

Jill on Money with Jill Schlesinger

Play Episode Listen Later Jan 18, 2022 11:47


Instead of waiting until 70 to claim Social Security, why not take the reduced benefit early and invest it? Have a money question? Email us, ask jill [at] jill on money dot com. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Money Rehab with Nicole Lapin
WTF is Social Security?

Money Rehab with Nicole Lapin

Play Episode Listen Later Jan 18, 2022 12:40


… and how much will it help you in retirement? Listen to find out! Here's the link for that sweet Social Security calculator Nicole references in the episode: https://www.ssa.gov/OACT/quickcalc/  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Instant Impact with Elyse Archer
134 - The Power of Belief Part 1 with Johanna White

Instant Impact with Elyse Archer

Play Episode Listen Later Jan 18, 2022 48:05


This episode started as one about visual branding but we were meant to hear something else from our incredible guest, Johanna White. Today, Johanna joins the She Sells community to share her story and this story truly has shaped her success not because of the circumstance but by what she chose to do about it. Listen to this emotional and powerful episode as Johanna shares her battle with a brain tumor and her bewilderment with the rollercoaster of modern medicine. In the end, Johanna learned about the illusion of certainty and chose joy instead. The experience made Johanna realize that she was meant for more than her day job and is now an award-winning graphic designer and visual branding strategist. She uses her talents to design premium brand identities that create impactful first impressions. Don't worry. She'll be back for a part 2 where she dives deep into her strategies in building and elevating your visual branding. But first, listen to her impactful story and fall in love with her joy and positivity like I did.   Show Notes: [2:57] - Welcome to the show, Johanna! [3:53] - Johanna started three companies in one year while battling a brain tumor. [5:29] - The brain tumor and the experience with that was the catalyst for Johanna to accomplish what she has. She shares what her life was like prior to changing mindsets. [8:09] - The experience wasn't just an obstacle to overcome.  [9:12] - Johanna was working multiple jobs and shares the time she received the news of her tumor. [10:05] - Through it all, Johanna learned about the illusion of certainty. [11:33] - Without health insurance, Johanna was told by many to quit her job and receive Social Security. [14:12] - “I had reached the end of my ability to play it safe.” - Johanna White [15:07] - Johanna reached the decision that she was made for more than her day job. [17:04] - With the negativity of the people around her, Johanna changed her circle. [19:06] - We don't fear the circumstance. We fear how the circumstance makes us feel. [20:20] - She couldn't control the circumstance, but she could control the fear. [21:41] - It only takes one voice telling you that you can do what everyone else says is impossible. [22:51] - What you believe matters but what you do about your belief matters more. [24:52] - Johanna shares what she started doing with the help and how a close friend pushed her. [29:18] - Those in authority have a lot of power with their words. [33:14] - Johanna wanted certainty so badly that she didn't care about the risks. [34:50] - When you get to the next level, your old fears come back. [36:37] - How does Johanna use the illusion of certainty in her life presently? [38:51] - Nothing is certain, especially in the current state the world is in, but Johanna can always choose joy. [40:51] - Certainty cannot be the goal. Joy does. [43:50] - Johanna started a business called Uniquely Yoga.   Links and Resources: Instagram  |  LinkedIn  |  YouTube She Sells with Elyse Archer Home Page   Connect with Johanna: Website  |  Facebook  |  Instagram

The Retirement Wisdom Podcast
An Economist’s Take on Retirement Planning – Larry Kotlikoff

The Retirement Wisdom Podcast

Play Episode Listen Later Jan 17, 2022 31:09


Retirement planning entails a series of important decisions, including lifestyle decisions with long-lasting consequences. My guest today, economist Larry Kotlikoff, discusses his new book, Money Magic: An Economist's Secrets to More Money,Less Risk, and a Better Life, and how to make smarter lifestyle decisions by understanding the true price tags for each of them. See below for Larry Kotlikoff's full bio and links to learn more. _________________________ Retirement Wisdom is partnering with One Day University to bring you a FREE live-streamed talk with renowned Amherst Professor Catherine Sanderson, on January 18th, at 7 pm ET | 6pm CT | 4 pm PT. Professor Sanderson will present a live-streamed, one-hour version of her most popular course, Positive Psychology: The Science of Happiness, including time for Q&A in real-time. If you can't tune in live, everyone who RSVPs will receive a link to watch the class anytime they want. To RSVP today for this free class, just visit: www.onedayu.com/retirementwisdom __________________________ Bio Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a Research Associate of the Gaidar Institute, and a Research Fellow of the Goodman Institute.Kotlikoff is also a New York Times Best Selling author. The Economist Magazine ranked Kotlikoff one of the world's 25 most influential economists. His website is Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983, Kotlikoff served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff's writings and research address personal finance, inequality, taxation, Social Security, climate change, investing, healthcare, deficits, and insurance. Professor Kotlikoff is author or co-author of 20 books, hundreds of professional journal articles, and a multitude of op eds and blogs. His most recent books are Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, You're Hired, Get What's Yours – the Revised Secrets to Maxing Out Your Social Security (a NY Times Best Seller co-authored with Philip Moeller and Paul Solman), The Clash of Generations (co-authored with Scott Burns), The Economic Consequences of the Vickers Commission, Jimmy Stewart Is Dead, Spend ‘Til the End, (co-authored with Scott Burns), Generational Policy (MIT Press), The Healthcare Fix, and The Coming Generational Storm (co-authored with Scott Burns). Kotlikoff's columns have appeared in The NY Times, The Wall Street Journal, The Washington Post, The Hill, The Financial Times, The Times of London, Forbes, CBNC, Bloomberg, PBS NewsHour, The Dallas News, Neue Zürcher Zeitung, the Seattle Times, Vox, Fortune, Seeking Alpha, Yahoo.com, VoxEU, Huffington Post, and other leading media. Kotlikoff has served as a consultant to the Federal Reserve, the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts,

Retirement Starts Today Radio
Americans Urged to Watch Out for Tax Scams During the Pandemic, Ep #227

Retirement Starts Today Radio

Play Episode Listen Later Jan 17, 2022 15:49


Tax scams are as old as taxes themselves, so are you doing everything you can do to avoid them? In this episode of Retirement Starts Today, we'll explore what the IRS labels, ‘the dirty dozen' tax scams. You'll learn who is targeted by the various scams and then you'll discover what you should do to protect yourself from scammers. Make sure to stick around until the end of this episode to hear what you should avoid doing so that you don't fall prey to tax scammers.  Outline of This Episode [1:24] The IRS has issued a warning to taxpayers [6:10] Protection for taxpayers [9:00] Dave wonders whether he should build his home with cash or use a mortgage Watch out for the ‘dirty dozen' Every year the IRS publishes its list of the 'dirty dozen' tax scams that citizens should be on the lookout for. This year's list comes directly from the IRS website in an article called Americans Urged to Watch Out for Tax Scams During the Pandemic. The article breaks up the 12 types of schemes into 4 categories based on who carries them out or whom they affect.  The scams can be described as pandemic-related scams, personal information cons, ruses that focus on unsuspecting victims like seniors and immigrants, and schemes that persuade taxpayers into performing unscrupulous actions. The IRS urges everyone to stay aware of scams and scammers, especially during tax season. Economic impact payment theft This first category of the dirty dozen is related to the pandemic-related stimulus payments from the government which are still under threat from identity thieves.  Look for these warning signs to spot identity theft scams. Any text messages, random incoming phone calls, or emails inquiring about bank account information or requesting recipients to click a link should be considered suspicious and deleted without opening. Remember that the IRS will never initiate contact with taxpayers by phone, email, text, or social media asking for a Social Security number or other personal or financial information related to economic impact payments.  Be alert to mailbox theft by checking your mail frequently and reporting suspected mail losses to the post office. It is also important to remember that IRS.gov is the agency's official website for payments, refunds, or other tax information.  Unemployment fraud leading to inaccurate taxpayer 1099-Gs Stay vigilant about receiving receipts of unemployment benefits that you did not actually receive since this could be a sign of identity theft. This is yet another way that identity thieves try to steal stimulus payments. Taxpayers should look out for a form called 1099-G which reports unemployment compensation that they did not receive.  If you do receive this form, the IRS urges you to contact the appropriate state agency for a corrected form. If a corrected form cannot be obtained in time for taxpayers to file a timely tax return, they should complete their return claiming only the unemployment compensation and other income they actually received.  How you can protect yourself This year the IRS made its IP PIN program available to all taxpayers. In the past, this program was only available to victims of identity theft. The IP PIN will help prevent fraudulent filings from identity thieves by serving as a key to unlock a taxpayer's tax account. In addition to the IP PIN, the IRS is further working to reduce fraud by strengthening tax software password protocols, asking for driver's license numbers as a way to prove identity, limiting the number of tax refunds going to bank accounts, and making personal information from tax transcripts.  It is important to stay one step ahead of scammers so that you can protect yourself from fraud. Remember that the IRS will never ask you for your personal information via phone, text, or email.  Resources & People Mentioned Americans Urged to Watch Out for Tax Scams During the Pandemic Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com/ Follow Ben on Twitter: https://twitter.com/retiremeasap Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Subscribe to Retirement Starts Today on Apple Podcasts, Stitcher, TuneIn, Podbean, Player FM, iHeart, or Spotify

Retirement Rescue Radio
Episode 147: Best of RRR - The 401k Scam

Retirement Rescue Radio

Play Episode Listen Later Jan 17, 2022 28:31


What we've been told about the tax savings in these plans is a lie. Key takeaways: How did they sell it to us? Who stands to benefit from it? Nate gives a hypothetical example of how one could potentially end up paying more taxes in retirement that you saved during your working career! What to do instead to help avoid that happening. What amount should you have in these plans when you retire to help avoid paying tax on your Social Security income.

The Retirement and IRA Show
Survivor Benefits, WEP, Estate Tax, DAFs, and QLACs: Q&A #2203

The Retirement and IRA Show

Play Episode Listen Later Jan 15, 2022 92:37


Jim and Chris discuss questions pertaining to Social Security survivor benefits, WEP, estate tax, donor advised funds (DAFs), and QLACs. (7:00) A Washington listener asks about how to claim a Social Security survivor benefit. (12:45) A Missouri listener looks for advice on determining the effects WEP will have on her and her husbands Social Security […] The post Survivor Benefits, WEP, Estate Tax, DAFs, and QLACs: Q&A #2203 appeared first on The Retirement and IRA Show.

Creating Wealth Real Estate Investing with Jason Hartman
1791 FBF: Prosperity in the Age of Decline, Preserve Wealth Through the Coming Business Cycles with Alan Beaulieu

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jan 14, 2022 36:48


Register for the VIRTUAL LIVE Creating Wealth conference on January 28 and 29, 2022.Visit JasonHartman.com today! Today's Flash Back Friday is from episode 895 published last April 9, 2018. Jason Hartman talks with Alan Beaulieu, President & Principal at ITR Economics and author of Prosperity in the Age of Decline, about what's going on in our economy when it comes to energy, inflation, and millennials. The two take a look at the difference between virtuous and non-virtuous inflation, how the millennials might respond to seeing actual inflation (and ways you can educate yourself about how times used to be different) and why you should be excited about the things that are coming. Alan also gives his thoughts on the recent tariffs and tax reform. Key Takeaways: Intro: [5:20] What the Icehotel Art Suites are like [7:52] Join Jason in Philadelphia Alan Beaulieu Interview: [11:54] What's coming in the economy next [13:54] What is “virtuous” and “non-virtuous” inflation? [16:56] In 12 years there will be 30 million more people drawing down on Medicaid and Social Security [21:03] Every single industry is having problems finding enough people, so the future isn't as bleak as you might think [24:28] The 5 sources of inflation [28:03] We're in a golden age with stable energy [30:17] The 3 reasons Alan's excited about where we're headed Website: www.ITREconomics.com Prosperity in The Age of Decline: How to Lead Your Business and Preserve Wealth Through the Coming Business Cycles www.JasonHartman.com/   The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets. Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Free Mini-Book on Pandemic Investing: PandemicInvesting.com Jason's TV Clips: Vimeo.com/549444172  CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect What do Jason's clients say?: JasonHartmanTestimonials.com Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else:  JasonHartman.com/Fund Call our Investment Counselors at: 1-800-HARTMAN (US) or visit JasonHartman.com Free white paper on the Hartman Comparison Index™  Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee

The Nextlander Podcast
Iulian Was Right

The Nextlander Podcast

Play Episode Listen Later Jan 13, 2022 130:51


We've emerged from the Game of the Year mines ready to tackle 2022's games, starting with... Resident Evil Village! Also: the psychedelic space sheen of The Anacrusis, some ruminating about PlayStation VR2 and the next Switch, a farewell to John Madden, the epic file-naming clash of hyphens vs. underscores, a quick note on podcast ads, and more! Advertise on The Nextlander Podcast at Gumball.fm, or support us on Patreon! CHAPTERS (00:00:09) Intro (00:02:06) What's on the show (00:02:17) 2022 is the year I start-using-hyphens_instead_of_underscores? (00:08:53) We care about developers (00:11:03) We're all judging you based on your filenames (00:12:34) I feel no sense of security from this Social Security (00:18:28) The Anacrusis (Xbox, PC) Early Access (00:27:59) Resident Evil Village (PlayStation, Xbox, PC) May 2021 (Possible Spoilers) (00:42:31) First Break (00:42:36) [SPOILERS] Resident Evil Village and Ethan's hand problems. (00:50:30) [END OF HAND SPOILERS] (01:04:49) Second Break (01:04:53) News (01:05:31) Details on the new PSVR (01:21:01) What happened to Magic Leap? (01:23:10) A fantastic transition to talking about No in-person E3 (01:35:16) Take-two and Zynga (01:37:27) Samsung's 2022 TVs to ship with Stadia and GeForce Now (01:43:07) Stalker 2 delayed to December 2022 (01:44:25) Sony to keep the PS4 in production a bit longer (01:48:41) GamesIndustry.biz analyst predictions and the Switch Pro (01:56:36) John Madden has passed away (02:03:22) A quick note about podcast markers and ads (02:05:55) Thanks everyone (02:06:26) Mysterious Benefactor Shoutouts (02:08:21) 2022 is here so let's play some really old games See omnystudio.com/listener for privacy information.

NTD News Today
Nationwide Grocery Shortages; Inflation Jumps 7% Annually in December, Fastest Pace Since 1982 | NTD

NTD News Today

Play Episode Listen Later Jan 12, 2022 50:21


NTD News Today—1/12/2022 1. Shoppers Finding More Empty Grocery Shelves 2. Buttigieg: Port Improvements Saved Christmas 3. Inflation Up, Virus Down as 2022 Priorities 4. Summary: Changes to Social Security in 2022 5. Biden Plans to Block Alaska Oil & Gas Leases

Creating a Family: Talk about Infertility, Adoption & Foster Care

Are you planning on claiming the Adoption Tax Credit this year? We talk with Becky Wilmoth, an Enrolled Agent and Adoption Tax Credit Specialist with Bill's Tax Service and Josh Kroll, the Adoption Subsidy Resource Center coordinator at the North American Council on Adoptable Children.In this episode, we cover:What is the Adoption Tax Credit for adoption being claimed on 2021 federal taxes? $14,440 per childIt is a non-refundable tax credit. How to advocate for refundability?What is a “credit” and how does it differ from a deduction or some other form of tax savings?If you get a tax refund every year, how would you use the Adoption Tax Credit?If you don't have any federal tax liability, should you still apply the credit to your federal income taxes?What type of adoptions are included or excluded? Stepparent adoption? Embryo adoption? Same-sex partner second parent adoption? Unmarried heterosexual second parent adoption? Surrogacy?Can you get credit for each adoption you complete even if completed in the same year? What about adopting siblings at the same time?What is a Qualified Adoption Expense for purposes of the Adoption Tax Credit 2021?When can you claim the Adoption Tax Credit?Domestic private adoptionInternational AdoptionRe-adoption in the US for international adoptionFoster Care AdoptionHow does the Adoption Tax Credit work with kinship adoptions? What if the child never was involved with the foster care?Special Needs Adoption: How does the Adoption Tax Credit differ for adoptions from foster care? What does the IRS accept as proof of “special needs”?Special needs child for international adoption?Can you reclaim your expenses for a failed adoption? How?What income level is excluded from claiming the Adoption Tax Credit in 2021?How long can the credit be carried over?Will the Adoption Tax Credit offset self-employment tax? Secure Act and Qualified birth or adoption distributions.How does the Adoption Tax Credit work in conjunction with employee adoption benefits? For special needs adoption?If you adopt, can you still get the Child Tax Credit? How does the timing work?What do you need in order to get the Child Tax Credit for your adopted child? Social Security # for the child.How does Advanced Tax Payments work with adoption?What type of documentation for the Adoption Tax Credit should you submit with your taxes? What type of documentation should you keep in your records?What should you do if you do not have your child's social security number when you get ready to file your taxes? When should you consider using an Adoption Taxpayer Identification Number (ATIN #) or Individual Taxpayer Identification Number (ITIN #)?What are the most common questions received about the Adoption Tax Credit?How to find a tax specialist knowledgeable on the Adoption Tax Credit?This podcast is produced  by www.CreatingaFamily.org. We are a national non-profit with the mission to strengthen and inspire adoptive, foster & kinship parents and the professionals who support them. Creating a Family brings you the following trauma-informed, expert-based content:Weekly podcastsWeekly articles/blog postsResource pages on all aspects of family buildingPlease leave us a rating or review RateThisPoSupport the show (https://creatingafamily.org/donation/)

Getting Money Right
GMR 187: The State of Social Security and Medicare

Getting Money Right

Play Episode Listen Later Jan 11, 2022 22:25


Every work has paid into or is currently still paying Social Security and Medicare taxes. We all hope to see those benefits come our way someday. In this episode, we discuss the current state of these programs, how this may impact you in the future, and what you can begin to do about it.

Talking Real Money
6.16.17 – Lying by Omission

Talking Real Money

Play Episode Listen Later Jan 9, 2022 23:01


FROM OUR AUDIO ARCHIVESPlease do not call the phone number in podcast. Use 855-935-8255 instead.Also, the ads and other information may not be accurate at the time you listen.Should you stay in 401k or should you go elsewhere?How do you find a fund's fees.How accurate are those Social Security benfit estimates?What's the real story behind indexed annuities?

Economic Ninja
Which Social Security Recipients Will Get $200 Extra in January?

Economic Ninja

Play Episode Listen Later Jan 9, 2022 5:48


Ninja talks about what you can do - even on a fixed income - to better position yourself for coming inflation. https://www.yahoo.com/now/social-security-recipients-extra-200-123252148.html

Rob Black and Your Money - Radio

Social Security, Jobs Report, Online Banking big changes, The 2022 Predicament 

The Chris Hogan Show
Should I Take Out Social Security Now Or Wait?

The Chris Hogan Show

Play Episode Listen Later Jan 7, 2022 4:31


Listen to how ordinary people built extraordinary wealth - and how you can too. You'll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

Influential Entrepreneurs with Mike Saunders, MBA
Interview with Bryan Daly Founder of New Life Financial Alliance and Fee-Based Fiduciary Financial Planner Discussing Social Security Clai

Influential Entrepreneurs with Mike Saunders, MBA

Play Episode Listen Later Jan 6, 2022 16:57


Bryan is originally from New Jersey and has lived in Florida since 1988. Bryan began his career just before BLACK MONDAY on Wall Street on October 19, 1987, and witnessed firsthand how quickly markets can crash dreams. While working on Wall Street, he gained great respect for the power of the market, both positive and negative. Bryan is an Investment Adviser Representative An official distinction that sets him apart from many financial advisers is that he is a completely independent fiduciary financial planner. A fiduciary is required to be completely objective when making financial, investment, and planning recommendations.Bryan works for his clients, not for Wall Street. He does not owe allegiance to any brokerage firm, financial product, fund family, or investment. This allows him the freedom to make unbiased, prudent decisions and he MUST put his client's interests above all others.Learn More:https://newlifefinancialalliance.com/https://www.linkedin.com/in/bryandalyhttps://nlfadiscoverycall.com/ Investment Adviser Representative of and advisory services offered through Royal Fund Management, LLC, a SEC Registered Advisory FirmInsurance: Insurance product guarantees are subject to the claims-paying ability of the issuing company. The adviser is paid commissions on the sale of insurance products. Advisory: Advisory services are offered through Royal Fund Management, LLC, which is registered as an investment adviser with the SEC and only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions or withdrawals, and economic conditions may materially alter the performance of your portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client's investment portfolio. There are no assurances that a client's portfolio will match or outperform any particular benchmark. Tax and legal information provided is general in nature and is subject to change. Always consult an attorney or tax professional regarding your specific legal or tax situation. Licensed Insurance Agent | Florida License # A060754Influential Influencers with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-bryan-daly-founder-of-new-life-financial-alliance-and-fee-based-fiduciary-financial-planner-discussing-social-security-claiming-options

Retire Your Way Radio
Is Social Security REALLY going to run out? EP 040

Retire Your Way Radio

Play Episode Listen Later Jan 5, 2022 8:21


Considering Social Security? On Retire Your Way Radio, Tim gives you the facts beyond the headlines about Social Security being depleted sooner than expected. For more information, visit the show notes at https://erwealth.com/podcastblog/is-social-security-really-going-to-run-out

The Clark Howard Podcast
01.04.22 Special Edition: SOCIAL SECURITY with expert Mary Beth Franklin

The Clark Howard Podcast

Play Episode Listen Later Jan 4, 2022 32:44


Mary Beth Franklin is a Certified Financial Planner, financial journalist, podcaster, and author of the book “Maximizing Social Security Retirement Benefits” - joining Clark to discuss when best to claim benefits, the solvency of the program and what younger workers can expect from Social Security in the future.  Investmentnews.com-MaryBethFranklin / Maximizing Social Security Retirement Benefits - eBook Learn more about your ad choices. Visit megaphone.fm/adchoices

Cincinnati Edition
Social Security COLA increases 5.9%, but inflation and Medicare Part B complicate the matter

Cincinnati Edition

Play Episode Listen Later Jan 4, 2022 25:09


The COLA is the largest increase since 1983, but will it go far enough?

SML Planning Minute
Social Security COLAs: Less than Advertised?

SML Planning Minute

Play Episode Listen Later Jan 4, 2022 6:40


Episode 159 - Not as good as advertised. The recent 5.9% Social Security COLA isn't as good as it seems.

Your Money, Your Wealth
Social Security Benefits for Spouses, Ex-Spouses, and Survivors - 359

Your Money, Your Wealth

Play Episode Listen Later Jan 4, 2022 41:50


Learn how to get the biggest Social Security payment possible, whether you're married, divorced, or entitled to survivor benefits. Can you still file and suspend? What's a restricted application? What does “deemed” mean? Plus, the little-known family Social Security benefits. The first YMYW podcast of 2022 is a compilation of answers to all of your most recent spousal Social Security questions. Visit the show notes, download free financial resources, and Ask Joe & Al On Air: https://bizlink.to/ymyw-359

Simplify Your Retirement
S4: Episode 1 – Money Magic With Laurence Kotlikoff – Part 1

Simplify Your Retirement

Play Episode Listen Later Jan 3, 2022 29:52


Welcome to season 4 of the Simplify Your Retirement Podcast! Season 4 will be packed with exciting guests, and popular FAQ's Stephen gets from clients.   In part one of this two-part interview, Stephen Stricklin is joined by Laurence Kotlikoff, a Professor of Economics at Boston University and a best-seling author. They discuss Kotlikoff's brand-new book, “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life”. A magician isn't smarter than anyone else, he just happens to learn something that he can convey in a way that surprises people. Laurence's goal is just that – to share what he's learned in an unconventional and entertaining way that will transform your financial thinking and show you how to improve your financial future. He shares snippets from his book such as: Why he decided to become an Economist rather than a doctor, why students should consider not borrowing for college, finding a job you love but others hate, among other things.  Laurence discusses: Why he decided to become an Economist instead of a doctor Discusses his latest book, “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life” Why he has a chapter in his book on not borrowing for college.  Thinking about those who don't graduate or even go to college. What are they going to do? Having a smooth living standard over your lifetime. And more Resources: https://simplifyyourretirement.com Season 1 Season 2 Season 3 Larry's original Episode: S2 Ep3 Connect With Laurence Kotlikoff: https://kotlikoff.net LinkedIn: Laurence Kotlikoff http://maxifi.com Connect With Stephen Stricklin: stephen@wisewealth.com WiseWealth.com Simplify Your Retirement LinkedIn: Stephen Stricklin LinkedIn: Wise Wealth LLC About Our Guest: Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, and President of Economic Security Planning, Inc, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more.

Haws Federal Advisors Podcast
Q&A: Will My Spouse's Income Decrease My FERS Supplement and Social Security?

Haws Federal Advisors Podcast

Play Episode Listen Later Jan 1, 2022 8:40


Want to schedule a consultation? Click here: https://hawsfederaladvisors.com/work-with-us/ The FERS Pre-Retirement Course: The Ultimate Guide: https://hawsfederaladvisors.com/fers-pre-retirement-course-the-ultimate-guide/ Help Support Our Channel and Future Content By Donating Here: https://www.paypal.com/donate/?hosted_button_id=YDL6XPP8CQ5WU Submit a question here: https://hawsfederaladvisors.com/question-submission-page/ Check out the full article here: https://hawsfederaladvisors.com/blog/ Check out "Building Wealth in The TSP" on Amazon: https://amzn.to/2FytP9W I am a practicing financial planner, but I'm not your financial planner. Please consult with your own tax, legal and financial advisors for personalized advice.

The Retirement and IRA Show
Social Security, Spending In Retirement, and The BBB Act: Q&A #2201

The Retirement and IRA Show

Play Episode Listen Later Jan 1, 2022 67:08


Jim and Chris sit down to discuss listener questions relating to Social Security, spending in retirement, and the Build Back Better Act. (7:45) A California listener looks for thoughts/opinions on a recently suggested Social Security claiming strategy. (28:45) A Texan listener brings up our thoughts/philosophy that money unspent in retirement, is potentially money unlived. (43:30) […] The post Social Security, Spending In Retirement, and The BBB Act: Q&A #2201 appeared first on The Retirement and IRA Show.

Winning at Life with Gregory Ricks: The Daily Wrap
Episode 1226: The Weekly Wrap 12.18.21

Winning at Life with Gregory Ricks: The Daily Wrap

Play Episode Listen Later Dec 31, 2021 176:48


Gregory discusses Social Security, retirement strategies, market news and more. Show contributor Dwayne Stein of "Mortgage Gumbo" joins the show in the first hour and answers your home buying questions. 

Winning at Life with Gregory Ricks: The Daily Wrap
Episode 1223: The Weekly Wrap 12.04.21

Winning at Life with Gregory Ricks: The Daily Wrap

Play Episode Listen Later Dec 31, 2021 176:51


Gregory discusses real estate in the world economy and the Secure Act 2.0. He also answers questions regarding Social Security and credit card debt. We also learn the best ways to pay off a house note. 

Winning at Life with Gregory Ricks: The Daily Wrap
Episode 1222: The Weekly Wrap 11.20.21

Winning at Life with Gregory Ricks: The Daily Wrap

Play Episode Listen Later Dec 31, 2021 176:43


Gregory discusses wills vs deeds, living wills and special needs trusts, He also answers questions about life insurance, Social Security benefits and he gives advice on the best ways to save money for the grandkids. 

Spidell's California Minute
Deferred Social Security tax payments are due

Spidell's California Minute

Play Episode Listen Later Dec 30, 2021 3:15


This week we're covering the approaching due date for repaying the first portion of any social security taxes that an employer may have deferred.

More Than Money
Greatest Hits of 2021! 3 Must-Know Financial Tools | Guest: Robby Scholes

More Than Money

Play Episode Listen Later Dec 30, 2021 30:41


It's almost New Years. This week, we are closing out 2021 by playing some of our greatest hits from the past year. This episode is the fourth of our greatest hits from 2021. It caught a lot of traction with our listeners. In the episode, Art and Robby Scholes discuss three financial tools you need to know. And they have some good laughs in it as well. Listener question answered:Question 1: Should I pay off debt or save for retirement first? Also, should I take from my retirement to pay off debt?Question 2: I am considering taking Social Security early at age 62. Can I also work full time?Notes:3 Reasons not to take money from your retirement:1. 10% penalty2. Ordinary income taxes3. Opportunity cost (compounding)The Essential Emergency Binder | Buy it here: https://www.artrainer.com/essential-emergency-binderEpisode Sponsor:Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/

Newbies
Birth Certificates and Social Security Cards for Your Newborn

Newbies

Play Episode Listen Later Dec 30, 2021 36:22


Birth certificates and social security cards, most of us use this information on a daily basis. And all the paperwork to create those documents start the moment you are born. As a parent, what do you need to know about filling out these documents for your child? How does the processing of these documents differ if delivering in a hospital versus a birthing center? Learn more about your ad choices. Visit megaphone.fm/adchoices

Mastering Money
Mastering Money 12/29/21

Mastering Money

Play Episode Listen Later Dec 29, 2021 51:16


Glenn Ruffenach, a retirement columnist for MarketWatch and the Wall Street Journal, said that 2018 was the first year-- ever--that readers overwhelmingly disagreed with him about delaying retirement benefits. In fact, many Americans are grabbing benefits at 62 because they want to make the most of their Social Security dollars while they're still relatively young and fit. Or, as one reader put it: “You never know when your health will turn south, so ‘Spend it while you're able'. Another consideration--you never know if Social Security will always pay full benefits. Today, we'll find out if it is smarter to take benefits EARLY or delay. PLUS several alternative strategies that have caught on in a big way! Don't miss today's show...MASTERING MONEY is on the air!!

Springfield's Talk 104.1 On-Demand
Nick Reed PODCAST: 12.29.21 - Social Security & Flemming vs. Nestor 

Springfield's Talk 104.1 On-Demand

Play Episode Listen Later Dec 29, 2021 39:31


Hour 2 -  Dr. John Lilly fills in for the vacationing Nick Reed this morning. Here's what he covers: Dr. John Lilly gives us a history lesson Social Security. Flemming vs. Nestor The Missouri Constitution.

Jill on Money with Jill Schlesinger
Social Security Strategy

Jill on Money with Jill Schlesinger

Play Episode Listen Later Dec 29, 2021 8:54


When it comes to claiming your Social Security benefits, there's usually a few different strategies to consider. Have a money question? Email us, ask jill [at] jill on money dot com. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Talking Real Money
6.16.17 – Lying by Omission

Talking Real Money

Play Episode Listen Later Dec 28, 2021 23:01


FROM OUR AUDIO ARCHIVESPlease do not call the phone number in podcast. Use 855-935-8255 instead.Also, the ads and other information may not be accurate at the time you listen.Should you stay in 401k or should you go elsewhere?How do you find a fund's fees.How accurate are those Social Security benfit estimates?What's the real story behind indexed annuities?

The Kevin Jackson Show
Ep. 21-504 - Environmental Justice

The Kevin Jackson Show

Play Episode Listen Later Dec 28, 2021 38:40


In this episode, Harris pleads her case of justice for the trees. Tipping based on race and white population dwindling.

Springfield's Talk 104.1 On-Demand
Nick Reed PODCAST: 12.28.21 - The Structure of Social Security

Springfield's Talk 104.1 On-Demand

Play Episode Listen Later Dec 28, 2021 37:40


Hour 1 -  Darin Chappell & Rep. Curtis Trent fill in for the vacationing Nick Reed this morning. Here's what they cover: Darin and Curtis comment on how COVID-19 is reported in the news. What happened to the flu last year? The structure of Social Security. Darin gives a history lesson on how SS was created.

So To Speak w/ Jared Howe
S o T o S p e a k | Ep. 818 | You Will Own Nothing

So To Speak w/ Jared Howe

Play Episode Listen Later Dec 28, 2021 32:14


People don't think Agenda 21 and the Great Reset be like it is, but it do. COVID vaccines are just a pretext to implement vaccine passports. Vaccine passports may sound strange in a world where everyone ever is allowed to enter the country illegally, but only until you realize that they're a predicate for a "digitized identity" that would be an electronic equivalent to your Social Security number. Know how you can get shut out of the financial system and social media for being someone the left doesn't like? Imagine not being able to buy groceries for being someone the left doesn't like, and you'll be somewhere in the ballpark of what Agenda 21 and the Great Reset are intended to do. This is EPISODE 818 of So to Speak w/ Jared Howe!

MoneyWise on Oneplace.com
Retaking ESG Investing With Robert Netzly

MoneyWise on Oneplace.com

Play Episode Listen Later Dec 27, 2021 24:57


To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 David answered God's call and went out to slay Goliath. Do we have a similar calling with our investments? Some decidedly ungodly elements have taken over the sphere of corporate engagement with investing. How should Christians respond? Robert Netzly joins Rob West to help answer that question today on MoneyWise. Robert Netzly is the CEO ofInspire Investing, an underwriter of MoneyWise. Christian investors have been quick to abandon and reject the rapidly growing so-called ESG investing movement because of its worldly ideology, but Robert's here with a different calling for Christian investors. WHAT IS ESG INVESTING? ESG stands for Environmental, Social, Governance. Radical left-leaning activists have used it to push woke liberal ideology which Christians and conservatives have rejected or disengaged from. Examples include Larry Fink/Blackrock and the Equality Act, and companies like GoDaddy opposing pro-life legislation. As a result, many Christian and conservative investors are remaining on the sidelines of ESG because of its liberal bent. But while ESG investing has been used as a tool for liberal ideology, it needs to be countered by Christians to redeem it to glorify God. God frequently uses evil times like ours for His own purposes. Genesis 50:20 Joseph says to his brothers who sold him into slavery, As for you, you meant evil against me, but God meant it for good, to bring it about that many people should be kept alive, as they are today. A biblically informed approach to ESG investing is our opportunity as Christians to have the ear of major corporations, the yellow brick road to the wizard behind the curtain. Instead of tearing up the road, we should be packing the streets with God-honoring perspectives on environmental, social and governance issues so we can be salt and light in the boardrooms. HOW CAN CHRISTIANS USE ESG? First, we need to know what we are investing in so we can invest in the good and not support the bad. That's why we builtInspire Insight. Next, we can get busy engaging with companies on issues that are important to us, and more importantly, to God. God cares deeply about our stewardship of the environment, how we relate to others socially, and about corporate governance. For the environment we have Leviticus 25:4. It reads, But in the seventh year, there shall be a Sabbath of solemn rest for the land, a Sabbath to the LORD. You shall not sow your field or prune your vineyard. Jesus, of course, often talks about our social calling: Love your neighbor as yourself. And for governance, there's Jeremiah 22:13, Woe to him who builds his house without righteousness And his upper rooms without justice, Who uses his neighbor's services without pay And does not give him his wages. If you can't spend the time engaging with companies yourself, then you should invest in a Christian fund company that will engage with companies on your behalf, advocating persistently for biblical values to be respected by the companies you own. If a company refuses to listen, then we need to personally and collectively have the conviction and backbone to eliminate their stocks and bonds from our portfolios. If Christians don't actually care enough to dump investments in woke companies, why should any company ever listen to us? We can't endure if the enemies of faith and freedom have deeper convictions than our own. LISTENER QUESTIONS On today's program, Rob also answers listener questions: ●How do you determine the best time to begin drawing Social Security benefits? ●Are government property tax sales a wise investment? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them toQuestions@MoneyWise.org. Also, visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it's your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking theDonate tab on our websiteor in our app.

The Real Investment Show Podcast
Why Selling is a GOOD Thing

The Real Investment Show Podcast

Play Episode Listen Later Dec 27, 2021 53:44


Value Stocks have been performing because they haven't worked this year; The liquidity Issue, Managing Risk, and lowering expectations for returns; the Math of Losing Money; Demographics is destiny--especially with Social Security. SEG-1: Why We Don't Own Gold Now SEG-2: The Liquidity Issue & Managing Risk SEG-3: Sell Something! SEG-4: The Demographic Challenge of "Fixing" Social Security Hosted by RIA Advisors Chief Investment Strategist Lance Roberts -------- Get more info & commentary: https://realinvestmentadvice.com/news... -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInves... -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestme... https://www.linkedin.com/in/realinves... #MarketLiquidity #SellSomething #ValueStocks #Taking Profits #SizingPortfolio #Markets #Money #Investing

Trend Following with Michael Covel
Ep. 1036: Larry Kotlikoff Interview with Michael Covel on Trend Following Radio

Trend Following with Michael Covel

Play Episode Listen Later Dec 27, 2021 53:12


Laurence Kotlikoff harnesses the power of economics and advanced computation to deliver a host of spellbinding, but simple money magic tricks that will transform your financial future. Each trick shares a basic ingredient for financial savvy based on economic common sense, not Wall Street snake oil. Money Magic offers a clear path to a richer, happier, and safer financial life. Whether you're making education, career, marriage, lifestyle, housing, investment, retirement, or Social Security decisions, Kotlikoff provides a clear framework for readers of all ages and income levels to learn tricks like: How to choose a career to maximize your lifetime earnings (hint: you may want to consider picking up a plunger instead of a stethoscope). How to buy a superior education on the cheap and graduate debt-free. Why it's smarter to cash out your IRA to pay off your mortgage. Why delaying retirement for two years can reap dividends and how to lower your average lifetime tax bracket. Money Magic's most powerful act is transforming your financial thinking, explaining not just what to do, but why to do it. Get ready to discover the economics approach to financial planning—the fruit of a century's worth of research by thousands of cloistered economic wizards whose now-accessible collective findings turn conventional financial advice on its head. Kotlikoff uses his soft heart, hard nose, dry wit, and flashing wand to cast a powerful spell, leaving you eager to accomplish what you formerly dreaded: financial planning. Bio: Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. He has written 19 books. In this episode of Trend Following Radio: Student Loans in the United States Credit Card Debt Standard of Living Divorce Planning Financial Thinking

Allworth Financial's Money Matters
This “best of” Money Matters includes calls about liquidating annuities, high mutual fund fees, and investment conflicts.

Allworth Financial's Money Matters

Play Episode Listen Later Dec 25, 2021 48:14


On this week's special “Best Of” Money Matters, Scott and Pat advise a New Jersey caller who wants to liquidate a $130,000 annuity. A caller wants to know why the fees on his mutual funds are so high. A Sacramento caller wants to know if he can afford to retire and move to Thailand. Finally, a police officer wants to know if the windfall elimination provision will impact his Social Security.          

MoneyWise on Oneplace.com
Year-End Tax Tips

MoneyWise on Oneplace.com

Play Episode Listen Later Dec 25, 2021 24:57


To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 There are lots of jokes about paying taxes, but even better than the jokes is finding ways to minimize what we legally have to pay in taxes.Today, Rob West offers some great year end tips to help you do that including the following: If you haven't maxed out contributions to your retirement accounts, do it now (or at least by April 15).For 2021, individuals can make up to $19,500 in tax-deductible 401k contributions, or $26,000 if you're 50 or older. You can also contribute up to $6000 to a traditional or Roth IRA, or up to $7000 if you're 50 or older. Don't have a Roth IRA? This may be the time to make a Roth conversion especially if your income was lower than usual in 2021. A Roth conversion requires you to pay taxes on the money when you convert, so do it while you're potentially in a lower tax bracket. Make contributions to a Health Savings Account (HSA) or 529 Education Savings Plan.And while there are no FEDERAL deductions for contributions to a 529 education savings plan, many STATES offer them. Give to charity. It's more difficult to get a deduction since the standard deduction was raised, but there's a temporary provision still in place that allows you to take a $300 deduction for making an eligible cash contribution to a charity like your church. It's a $600 deduction for joint filers. Make sure you take the deduction on your 1040. Required Minimum Distributions (RMDs). The IRS requires you to take a certain amount of money out of your pre-tax retirement accounts each year once you're 72 or older. Failure to do so is costly. You'll pay 50% in taxes on every dollar you fall short of your RMD. Qualified Charitable Distributions (QCD). You can bless your favorite ministry and satisfy your RMD without owing anything in taxes. Check with your retirement plan manager for specific details on how to make a QCD. Make sure you use all of the money in your Flexible Spending Account at work if you have one.Contributions were made with pre-tax dollars so they've already lowered your adjusted gross income. But in most cases, the money is use it or lose it so spend it on qualified items before the expiration date. If you happen to own stocks that lost value in 2021, consider what's called tax-loss harvesting.You sell stocks that have declined in price to realize a loss. You can then use that loss to offset capital gains made on other investments this year.If you sustained more losses than gains, you can take an additional deduction of up to $3,000 against your taxable income in 2021. And if you lost more than that, you can roll those losses over into future years up to the $3,000 annual limit. Lastly, make an appointment to meet with your CPA or tax advisor to make sure you haven't missed any deductions and to plan for lowering your tax burden next year. Don't wait until the crush of the tax season. If you don't have a tax advisor, go to MoneyWise.org and click Find a CKA to get a Certified Kingdom Advisor in your area. LISTENER QUESTIONS Next, Rob answers the following listener questions: ●I'm considering refinancing my mortgage.Originally the house I live in was a second home so the rate was a little higher.I plan on staying in it no more than five years.Is it worth refinancing? ●I have a traditional IRA that was created by rolling over 401Ks from former employers.I'm not contributing to it presently.I do have another 401K at my present employer and was thinking of converting this traditonal IRA to a Roth IRA.Can I contribute to a Roth while also contributing to a 401K? ●My husband and I own a one-man business.We're trying to determine if it's time to hire our first employee.Do you have any guidance? ●Is it better to have a will or a trust? ●Why is it so difficult to get change (physical coins) at stores these days? ●I have two children who are in Emergency Care living with me.I've been advised to claim them on my taxes.I'm living on Social Security.Would there be any tax benefit in my doing this? ●I have an upcoming appointment with the attorney who put my will together several years ago.I want to update the will, but don't even know what questions to ask.Can you help? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them toQuestions@MoneyWise.org. Also, visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it's your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking theDonate tab on our website.

The Retirement and IRA Show
Social Security, I-Bonds, Roth Conversions, Pension Benefits, and Advice For New Financial Planners: Q&A #2152

The Retirement and IRA Show

Play Episode Listen Later Dec 25, 2021 93:44


Jim and Chris sit down to discuss Social Security, I-Bonds, Roth conversions, pension benefits, and advice for new financial planners. (16:00) A New Jersey listener looks for advice on collecting, suspending, and restarting his spouses Social Security benefit. (30:00) Jim and Chris respond to listener feedback from last weeks EDU show regarding I-Bonds. (35:45) Jim […] The post Social Security, I-Bonds, Roth Conversions, Pension Benefits, and Advice For New Financial Planners: Q&A #2152 appeared first on The Retirement and IRA Show.

Marketplace with Kai Ryssdal
Why being single is costly in the U.S.

Marketplace with Kai Ryssdal

Play Episode Listen Later Dec 22, 2021 26:49


It won’t appear as an additional tax or fee on a receipt, but if you’re single in the U.S., you’re paying more than your married peers. That’s because policies and programs, from Social Security to the tax code, were written when it was assumed that Americans would get and stay married. Today, we’ll hear from journalist Anne Helen Petersen about how your relationship status can dictate your economic outlook and whether policies are likely to change with the changing population. Plus: Consumer confidence creeps up despite omicron, a historically Black college gives students a generous gift with no strings attached, and how hard-to-find COVID tests illustrate the challenges of relying on a private industry during a public health crisis.

Marketplace All-in-One
Why being single is costly in the U.S.

Marketplace All-in-One

Play Episode Listen Later Dec 22, 2021 26:49


It won’t appear as an additional tax or fee on a receipt, but if you’re single in the U.S., you’re paying more than your married peers. That’s because policies and programs, from Social Security to the tax code, were written when it was assumed that Americans would get and stay married. Today, we’ll hear from journalist Anne Helen Petersen about how your relationship status can dictate your economic outlook and whether policies are likely to change with the changing population. Plus: Consumer confidence creeps up despite omicron, a historically Black college gives students a generous gift with no strings attached, and how hard-to-find COVID tests illustrate the challenges of relying on a private industry during a public health crisis.

The Chris Hogan Show
Should I Start Taking Social Security and Invest It?

The Chris Hogan Show

Play Episode Listen Later Dec 17, 2021 3:04


Listen to how ordinary people built extraordinary wealth - and how you can too. You'll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

Marketplace with Kai Ryssdal
More than just a number

Marketplace with Kai Ryssdal

Play Episode Listen Later Dec 11, 2021 25:41


Odds are, you’ve heard the figure by now: 6.8%. That’s what the consumer price index clocked for year-over-year inflation today. Those rising prices, especially for essentials like food and housing, are squeezing folks on low or fixed incomes. Though the federal government uses the CPI to adjust things like food aid and Social Security, economists are increasingly concerned that additional changes may be needed so benefits can keep up with inflation. But first, the Weekly Wrap, followed by a look at FEMA’s climate resilience plans and a dive into how a classic ballet performance is becoming more inclusive. New Investors Week: Your first donation to Marketplace goes TWICE as far with a dollar-for-dollar match from the Investors Challenge Fund. Give now!