Podcasts about Taxman

Barry and Abigail discuss Navy Blues by Sloan and sample three Canadian beers: Labatt Blue from Labatt Brewing Company, Moosehead Canadian Lager from Moosehead Breweries Limited, and Life in the Clouds from Collective Arts Brewing.The delightful can art of Life in the Clouds was designed by Joe Boyd.Navy Blues was entered into our Jukebox long ago by Paul Zawacki during our episode Bonus: A Dozen Updates (The Procession Reunion Special). He described Sloan as the Canadian Beatles, comparing One Chord to Another to the White Album (we have officially gone zero episodes without mentioning the White Album!) and Navy Blues to Abbey Road.In preparation for this episode, Abigail listened through Abbey Road, Sgt. Pepper's Lonely Hearts Club Band, and Love by The Beatles.Revolver is one of Barry's favorite Beatles albums. He compared the throat clear at the beginning of She Says What She Means to George Harrison's counting on Taxman, the opening track of Revolver.Barry then compared C'mon C'mon to Good Day Sunshine, also off Revolver.…He then compared Iggy & Angus to The Tra La La Song (One Banana, Two Banana) by The Banana Splits.…Then, collectively, they compared Sinking Ships to Uncle Albert / Admiral Halsey by Paul McCartney and Linda McCartney.Barry "complained" about the sirens in Money City Maniacs, which reminded Abigail of the sounds of cars whizzing by underlying Lonely Boy by The Black Keys.Abigail had confusion over Seems So Heavy, which by title alone seems to be a rip-off of/tribute to I Want You (She's So Heavy) by The Beatles. Later, she would compare the opening couple of notes of Suppose They Close the Door to the opening couple of notes of I Want You (She's So Heavy).Abigail shared that one of the best meals she ever ate was in Halifax, Nova Scotia, Canada, from where Sloan originated. She ate sea-cuterie at Waterfront Warehouse.Barry compared the piano in Chester the Molester to the piano in Ob-La-Di, Ob-La-Da by The Beatles.We briefly discussed James Taylor's eponymous debut album, which was released on The Beatles' Apple Records (the first non-British artist on the label), was recorded at Trident Studios concurrently with the White Album, and features Paul McCartney and George Harrison on bass guitar and backing vocals, respectively! But Barry had part of the story backward - Something in the Way She Moves inspired the opening line of Harrison's Something, not the other way around. (Coincidentally, Taylor has said he had meant for the song to be called “I Feel Fine,” but that title had already been taken by The Beatles!) We played a little bit of the version of Carolina In My Mind that appears on this debut album - the version with members of The Beatles included. Later, Abigail mentioned that she kept hearing How Sweet It Is (To Be Loved by You) by James Taylor in I Wanna Thank You.Our word association around “ways to get even” from Suppose They Close the Door led us to 50 Ways to Leave Your Lover by Paul Simon and 50 Ways to Say Goodbye by Train. We should have also added Ways to Hang On by The Stick Arounds!Our next Jukebox episode will be 2014 Forest Hills Drive by J. Cole, submitted to our Virtual Jukebox by Alinor Mezinord.Up next… Teenage Dream by Katy PerryJingles are by our friend Pete Coe.Visit Anosmia Awareness for more information on Barry's condition.Follow Barry or Abigail on Untappd to see what we're drinking when we're not on mic!Leave us a rating or a review on Apple Podcasts or Spotify!Facebook | Instagram | Bluesky | YouTube | Substack | Website | Email us | Virtual Jukebox | Beer Media Group

In this episode of Lead-Lag Live, I sit down with Bruce Levine, COO and Head of ETFs at Astoria Portfolio Advisors, to talk about one of the biggest problems facing investors today — how to diversify out of concentrated stock positions without triggering massive tax bills.We dig into the upcoming launch of the LCOR ETF, built around the innovative 351 exchange structure, and how it can help investors turn overexposed gains into a diversified, actively managed portfolio.In this episode:Why “yesterday's winners” rarely lead the next decadeHow the 351 exchange works — and who can benefitThe tax advantage that only comes once: October 1 launch dateWhy diversification matters, even for the biggest tech winnersHow LCOR aims to beat the S&P 500 with a large-cap core strategyLead-Lag Live brings you inside conversations with top financial minds shaping markets in real time.Subscribe for more interviews, insights, and raw takes that cut deeper than the headlines.Whether you're heading out for a weekend getaway or embarking on a global adventure, LEVEL8's sleek, durable luggage is designed to keep up.Visit www.level8cases.com and use code LEVEL8LAG10 to get 10% off your next purchase.Discount Code: LEVEL8LAG10– Offers 10% off on all products– No expiry, unlimited usage– Not stackable with other discounts Support the show

A new tax bill has officially passed (you've probably heard it mentioned as the “Big Beautiful Bill”). And while most headlines are focused on politics, we're focused on what it means for your retirement. The choices you make in the next year or two could have a significant impact on how much you keep and how much goes to Uncle Sam.   Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381   ----more---- Transcript:    Marc: This week on Plan With the Tax Man, let's talk about the Big, Beautiful Bill and what it means for your retirement. We'll stay away from the politics as much as humanly possible and just focus on what it might mean in the choices that you may make in the next couple of years. Let's get into it.   Hey everybody, welcome into the podcast. This is Plan With the Tax Man with Tony Morrow and myself to talk investing, finance and a retirement with Tony, who is Des Moines Professional Alternative at Tax Doctor Inc. He's a CPA, CFP and an EA of 30 years plus in the industry, and a great resource for you to tap into.   And Tony, this week we're going to talk about... It's been a couple of weeks now and we're going to talk about the BBB or the OBBBB as the One Big Beautiful Bill. But you know, it's kind of funny. I think at first when we heard that, I think we thought that was just like the media name, but that's actually the bill's name. I was expecting it to be like OBB753624, some crazy number or whatever. But nope, it's One Big Beautiful Bill. So how you doing, buddy?   Tony: I've been good. Wrapping up the summer and hot here and here, we're getting ready for the state fair. So that's a big thing around here.   Marc: Yeah.   Tony: Yeah. Things are going good.   Marc: Well, good. Well, let's talk about this. Like I said, we'll try to stay off of the political stuff as much as we can. I mean, unfortunately, everything is trying to frame every piece of a conversation with some sort of a slant. And I will say, the only piece I'll say about this is that there's a lot of this helps billionaires and blah, blah, blah. And when you really look at some of the stuff we're going to cover today, it really doesn't. It's actually really kind of low and middle income families who actually get some of this extended stuff, at least a lot of the things that are going to affect most people. Right?   Tony: That's right. Yeah.   Marc: So we'll just dive into it. We'll kind of get started. So first of all, the tax brackets, which is the big piece, have been extended. You and I have been talking about that for a couple months now. When you're talking about planning and strategizing, we were waiting to see would the TCJA, the Tax Cuts and Jobs Act from 2017, expire or would they get extended? Well, they got extended.   Tony: They got extended and they are supposedly... And we have to address this because you're going to hear a lot of stuff in the news and whatnot about this and that tax cut or brackets being now permanent, and hopefully, everybody knows that permanent only means that they just won't expire. But-   Marc: Right. In Washington-   Tony: Congress can change them.   Marc: Yeah. In Washington, permanent is not an actual word I don't think. Yeah.   Tony: It isn't. So I wish they wouldn't throw that around. But from this standpoint right now, they're not going to expire until Congress changes them.   Marc: A future Congress would have to pass a bill, basically.   Tony: Yeah. So you have to do that. But it is good news because now people from all income aspects can kind of plan. Obviously, the higher income is probably more concerned because they can do maybe a little more, but this is going to benefit people because all across the board, we're not going to have to worry about tax rates going up for right now.   Marc: Yeah. The seven brackets, Tony, they're staying the same through at least probably 2028, right?   Tony: At least. Yeah. At least.   Marc: Right. So we got what? 10, 12, 22, 24, 32, 35, and 37. Those are the tax brackets.   Tony: That is correct. Yeah. I always have to look them up now. Because there's so many, and they're constantly adjusting them a little bit for inflation. But I think that as far as how you can take advantage of that any more than you already have is we always try to get our clients to use up the bracket that they're in. It's important that they know what bracket they're in, which is their marginal bracket, because that is the bracket that the last dollar of income that's going to be taxed on. So anything we can do to fill up that bracket-   Marc: Can you explain that a little bit? Because I think people get confused by that, right? So they think, okay, let's say I'm in the 22, and so I'm afraid I'm going to do this or this and I'm going to move to the 24. But when you get moved up a bracket, it doesn't mean every dollar that came in moves to the 24, correct?   Tony: That's correct. Yeah. And a lot of people tend to forget when we'll pull out the brackets and the ranges that this is a progressive tax system. Certain amounts of income are starting out taxed at 10 and then the next is 12 and on and on and on. We talk about marginal bracket because if you're in the... Let's say I spout out, you're in the 22% bracket, that means any more of your income that you bring in that year over a certain amount is going to be taxed at 22%, but the first parts weren't taxed at 22%.   Marc: Correct.   Tony: Just the latest. And so it's really a good tactic for using Roth IRAs or Roth conversions-   Marc: And we'll talk about that yeah, a little bit later too. Yeah. But that's a good piece of that. I mean, overall extending this, from a planner's standpoint, which obviously you're a planner, that's useful. Yeah?   Tony: I think it's useful because now we can go with people and we can, I think with more accuracy, determine what their future taxes are going to be on some of this stuff and how we want them to take advantage of that and invest for retirement. I mean-   Marc: Yeah, for sure.   Tony: On a nation standpoint, well, again, we don't want to get into politics and all that as far as spending and cutting and this and that. But all we can do is take advantage of what they give us regardless of who's in there.   Marc: Yeah, true. And so probably up until '28 we'll have this in place, and some of these pieces that they passed also do have time expirations on them as well, and we'll talk more about that here in just a second. But again, there seems to be a lot of confusion around it. So that's the first big takeaway is that, hey, we are at historically low tax rates. So that's a win for most people. We'll see how it plays out in the long run, but for right now, that's the advantage we can take from it.   The standard deduction was also "made permanent" right, Tony? And honestly, it's pretty hefty. Check this out. I was going to run this past you, see what you thought. If you kind of break this down a little bit, Tony, so it's what? The standard deduction is... Let just find my note here. Where'd it go? Okay, so the standard deduction for a married couple, it's 31,500 base for 2025. That's pretty hefty.   Tony: That's hefty. And a lot of clients, that at least we see, may not be able to have enough itemized deductions to get over that, but at least it is. It's hefty. So you're not being penalized what I would say so much, but it is making it a little bit simpler for some Americans to just take the standard deduction. However, I think what we're going to talk about next will come into play this year where it hasn't come into play and that's the SALT cap because some people might be able to itemize now. But again, it's important to make that distinction.   Marc: Yeah, for sure. Well, I'll tell you what. I'm going to move it around a little bit. Let's talk about the SALT cap after we talk about some of the other deductions that kind of go along with the standard. Okay? So we got the standard deduction. It's 15,750 for a single person, single filer. 31,500 for a married couple.   Now, what they did for a lot of our listening audiences is the whole conversation and the kerfluffle around no tax on Social Security. That didn't happen. They did their bartering and all that stuff and people wanted to get this, and some people wanted to get that. And what they settled on, Tony, was this additional $6,000 per person over the age of 65.   Now, here's where I think people get confused. So the existing law gives you that additional standard deduction of $2,000 per person if you're over 65. Then this new temporary, from 2025 to 2028, senior deduction they're calling it is another 6,000 for single filers or 12,000 for married couples. So if you add these together, the 31,500... Let's say you're a married couple. 31,500 base deduction, the 3,200 age-based existing law deduction for married couples, plus the $12,000 bonus that's temporary through 2028, that's $46,700 of deductions can be pretty hard to itemize.   Tony: It's going to be pretty hard to itemize for seniors. Yes.   Marc: That's pretty great.   Tony: For sure. I mean, that is good.   Marc: 65 and over again, right?   Tony: Yeah, 65 and over. Now, what you got to remember though is that it's not... And I've already started to hear it. They're not eliminating taxes on Social Security.   Marc: Correct.   Tony: You still are paying taxes on your Social Security. It's just that they're extending a deduction. So it's in the ballpark. I mean, your taxes will be cut by whatever tax rate you're in with this deduction. And so-   Marc: It's kind of like a semantic word. It's almost a semantic math problem. Now, there are income limitations on this, we should say. For some people, it is like you're not going to be paying the tax on your Social Security, but not for everybody.   Tony: Not for everybody, but yeah for a lot of people, especially the people that are more Social Security heavy as far as driven with their retirement income, you may not be paying taxes at all now or very little. They will go down.   Marc: Yeah. So I guess we should explain the phase out. So how it works is if your MAGI, your modified adjusted gross income, is 75,000 for singles and 150, that's when it starts to phase. Does it mean you're cut off? It's not like a cliff, right?   Tony: It's not like a cliff.   Marc: At 150 for couples, it's not cut off, but at $250,000 of income, that's when it does cut off. So 150 to 250, you're kind of like percentages are going down, correct?   Tony: That's correct.   Marc: Okay.   Tony: Yeah, that's correct. And then the people that are over 250, obviously I think probably the theory there is, well, they don't need this extra deduction. So you're not getting it basically.   Marc: Right. Right.   Tony: So you're not getting that tax cut.   Marc: And so that really does benefit lower and middle income families, retirees.   Tony: For a lot of them definitely. Definitely. I think we're going to see a lot of our senior tax clients and the financial planning clients, their tax bill is going to go down with that.   Marc: Yeah. Now, the goofy part unfortunately was what was the IRS or whoever sent that thing out at first saying that it was no tax? And then they was like, okay, got all kind of confused and people got a little misnomer there. So we wanted to make sure we kind of explained that. They're kind of calling it the senior citizen deduction. As I said, it's 6,000 per person. Of course, $12,000 if you're married, and it's only for folks over 65 and again, within those monetary thresholds.   Now, to your point, let's back up a little bit and go to the SALT cap again, the bargaining chip I think when all these congressmen and senators and women are all chatting. It's like, well, I want this and I want that. They get this plan together. This happens with every bill for everything. We all know that's what they do. And you know that the higher income states were like, hey, California and New York and New Jersey and some other states were like, we need to raise the SALT. So explain what the SALT tax is and all that stuff.   Tony: So the SALT tax is short for what they did with the state and local income taxes and your property taxes back with the Tax Act of 2017. They basically put a limit on that deduction that you can not deduct any more than $10,000 in that whole area of your Schedule A, which is really your state and local income tax, your property tax, your car license fees and sales tax.   And so for those high tax states and those big states like California and New York, you're talking property values... I mean, some of those people's property tax alone might've been 30 to 50,000.   Marc: Yeah. I think Jersey's even higher than California, if I'm not mistaken. But Jersey's pretty high too. Yeah.   Tony: So I mean, all the really high income earners have large, large homes and properties have been crying for several years because they always could itemize drastically and now that was cut way down for them. So they have expanded this to I believe it's 40,000.   Marc: It's 40. Yep. Mm-hmm.   Tony: And there are some limits I believe on that too, and I can't remember what they are. But that is going to be a help to people that might not have been able to itemize before that might be able to now. Again-   Marc: Yeah. I feel like that's going to be your higher income earners though, Tony,   Tony: It is.   Marc: And by the way, yes, you're correct on the limits on that. The SALT deduction cap phases out between a half million and 600,000.   Tony: Okay.   Marc: Yeah. So it's fairly up there. So if you're itemizing, you're probably fairly well off.   Tony: You're probably fairly well off. Yeah. It just gives a little bit to the higher income earner, especially in the higher property tax states and whatnot, and income tax states to be able to deduct all that where they were limited severely here in the past. And we have a couple of tax clients that live in these states. They're making a half million, million bucks a year as a W2'd employee. So they're phased out of everything. It's those people that were really getting hurt. So this will help some as well.   Marc: Yeah, for sure. And before we move on to just the strategy of things and stuff, I did want to point out that there's also that new charitable deduction for standard filers. So if you can't itemize, back to my point a minute ago, we're talking like 30 plus grand of standard deductions going on, so a lot of people will not hit the itemizing level. They added this new little in 2026, Tony, where you can, for singles, it's only $1000, but still it's $1,000. And for married couples, it's $2000, but you can still do charitable donations without the itemizing.   Tony: Without the itemizing.   Marc: So it's not a ton of money, but it still comes off of your top income line. And if you're charitable minded, that's a great thing.   Tony: That's a great thing. I mean, even at $2000, let's say you're in the 20% bracket, it's $400 of an actual tax reduction. And again, you want to take everything they're going to give you and you don't want to leave anything on the table. So that does help with the charitable giving as well.   And back to the point of the higher income people, the charitable giving, they're giving a lot more anyway, so they're already itemizing. So that doesn't really do anything for them, but it does give the average person, if they're doing it anyway, at least they get a little bit of deduction where before they didn't.   Marc: Yeah, true. True. And this is an above the line deduction, correct?   Tony: Above the line. So they don't have to itemize.   Marc: Yeah.   Tony: Yeah.   Marc: Okay. All right, so then let's talk about also charitable giving and the Roth opportunities. So we kind of started that little piece of that earlier. Coming back to that now. The fact that you now have more runway, Tony as a planner, if Rothing over time was something that was maybe on someone's radar to do and they were worried, well, are they going to extend the Tax Cuts and Jobs Act or not? Or were the tax rates going to go up? That kind of changed that scenario, but now that we know that it's going to be that way for maybe the next four years, then hey, Roth opportunities are still alive.   Tony: They're very much alive. Our clients especially using backdoor Roths for higher incomes, for us, we're basically telling clients, let's make sure we're filling up these brackets and getting everything into a Roth as we can before they change something on that loophole. But I think in this tax situation, especially in the planning area as far as evaluating what to do now versus later, I think that's where people like us come and play where we can provide a lot of value in that area. It's not talking all about just choosing investments, is how can we cut your tax bill and continue to save for retirement tax efficiently.   Marc: Yeah. I mean, I think that's going to be the name of the game for most people is how do we maximize... Especially for four years, right?   Tony: Four years.   Marc: We know that politically it is what it is and in four years, depending on what happens with elections, another administration could come in and try to wipe out everything that this administration did. Who knows. So be efficient and take advantage of things right now while you can. And we'll wrap it up with any other things in there that caught your eye that you thought were interesting that you might want to share with the listeners?   Tony: I think one was, and nobody really is talking about it yet and it doesn't help a whole lot of people, and I don't know if I really agree with it, but I think it's important to get it out there. And that is they're allowing auto loan interest to be deducted again above the line. So you do not have to itemize to get this deduction. However, there's a lot of limits in it. It's got to be purchased this year, it's got to be new. There's phase outs for the deduction on income, but everybody's buying a car [inaudible 00:17:06]-   Marc: Yeah, it's like 10 grand too, isn't it? It's pretty-   Tony: Yeah, it's up there.   Marc: Yeah.   Tony: And so if you're out buying that, you're going to have an incentive to...   Marc: Well, that was the point. Yeah. that was the point, right? Because what is it, final assembly in the US? Which I'm curious as to what the breakdown on that is. Is it like 40% of the car has to be assembled here or what?   Tony: Exactly. I think that's interesting.   Marc: Yeah, for sure.   Tony: And it'll be interesting to see how they try to police that for people that might press that a little bit.   Marc: Great point. Yeah. Well, in that same car vein, Tony, I think it is again, part of that initiative to promote American business and growth and help our economy. Because on the same side, the EV credit is going away. So if on your radar for your retirement strategy, if you're getting close to retirement this year was to get a new car like many retirees do when they first get to retirement, keep in mind that the EV credit goes away in September. So just a little over a month or so from now.   Tony: Yeah. I think one last one though is the no tax on tips up to $25,000.   Marc: Might not help a lot of our listeners or your clients, but maybe their kids or grandkids.   Tony: Yeah. I mean, it's going to help a certain segment to a point. I actually had, believe it or not, somebody already called me up, and this was a business client, they're already thinking, and hopefully they don't do this. But they were asking about, well, why don't I just convert all my employees to 1099s and they can basically claim tip income?   So the IRS has got rules on that. It's got to be W2. They got to be reported tips. So if you're a tipped employee and it's got to be in the service industry that normally receives tips, can't be somebody out on the road truck driver or something like that. Don't get too cute with some of this stuff and trying to push the limits and trying to outthink things, because you're going to get yourself in trouble. I know the IRS is having some issues now with staffing and whatnot, but I would recommend highly do not try to do any of that. And there's already stuff out on the internet talking about ways, which I think are already, they strike me as illegal. So don't fall for that. Make sure you ask your advisor.   Marc: Yeah, yeah. Yeah. We want to still stay above board with this stuff.   Tony: Got to stay above the board.   Marc: Yeah. Especially with some of that stuff. But yeah, I mean, it could be beneficial for folks in those industries doing things the right way. So good stuff. I mean, look, Tony, at the end of the day, the tax bill didn't shake the system to its core, but it did provide a decent amount of change to help in a lot of areas, especially for retirees and pre-retirees to take advantage of. So again, the window's kind of short to act. A lot of this stuff kicks in either this year or the first of next year, and it expires at the end of '28, going probably into '29. Unless of course Congress does something different. But more than likely, this all stands until there's a new administration and then they rule some kind of changes or whatever. So the takeaway, be proactive, right?   Tony: Right. Be proactive, talk with your advisor, see which deductions might apply to your situation both for taxes and retirement planning. And then just modify the plan as you go and try to take advantage of anything you can.   Marc: Absolutely. Yeah, and that's a great point. And when working with someone like yourself, Tony, who's doing both sides of that, both sides of the aisle if you will, if you'll pardon the pun, you've got the planning side as well as the tax side. So it's really helpful to have both of those things under one roof. So reach out to Tony if you've got some questions, need some help. Get yourself onto the calendar so that you can Plan With the Tax Man at 844-707-7381. 844-707-7381. Or of course, visit him online@ at Yourplanningpros.com. That is Yourplanningpros.com. And don't forget to subscribe to us on Apple or Spotify or whatever podcasting app you enjoy using. We'll see you next time here on Plan With the Tax Man with Tony Morrow. Thanks, Tony.   Tony: All right, take care.   Securities offered through Avantax Investment Services SM, member FINRA, SIPC. Investment advisory services offered through Avantax Advisory Services. Insurance services offered through an Avantax affiliated insurance agency. Investment strategies discussed in this episode may not be suitable for all investors. Please consult with a financial professional.

On this vintage episode of the Brand X Podcast, John Jamingo and Deuce take a nostalgic walk down memory lane, diving headfirst into the stories, debates, and cultural touchstones that shaped their youth. Kicking things off with a special March Madness-style "bracket game," the hosts pit iconic TV women from the 1960s and 1970s against each other to determine who reigns supreme in pop culture crushes. Along the way, they offer witty banter, personal anecdotes, and sharp opinions about what made these decades—and the women on their screens—so unforgettable. The conversation takes a sharp turn to a heated rant about New Jersey's controversial gas tax hike, sparking a broader discussion about taxation, state politics, and the everyday woes of living in the Garden State. Whether you're a fan of classic sitcoms or looking for a bit of cathartic commiseration over taxes, this episode has something for everyone.In this episode, Jamingo and Deuce discuss:The ultimate bracket showdown of classic TV women from the '60s and '70sWhy men love debating pop culture icons—and whether women care what men talk aboutPersonal favorites (Marcia Brady, Janet from Three's Company, Catwoman vs. Batgirl) and what made them irresistibleThe impact and fallout of New Jersey's notorious gas tax hike, plus a full-on rant about state mismanagement and taxesStories from growing up, working local jobs, and how daily life has changed from free roadmaps to price hikes at the pump

What's the SEMOP—and Why Self-Employed Buyers Need It (Click the link to learn about a free consultation)If you're self-employed and planning to buy a home, understanding how lenders view your income can be a major hurdle. That's where the Self-Employed Mortgage Optimization Plan (SEMOP) comes in. Created by CPA Dan Mullen, SEMOP is designed to help entrepreneurs, freelancers, and independent contractors present their finances in a way that works with—not against—mortgage qualification standards. From strategic timing of deductions to optimizing income documentation, SEMOP gives self-employed buyers a clear roadmap to prepare for underwriting and boost their chances of loan approval. It's not a gimmick—it's guidance built for how the system actually works.Many first-time buyers assume a mortgage guarantees big tax breaks—but unless you itemize your deductions, those savings may never come.Are you self-employed? Want a free tax consultation from Dan the Tax Man? Visit this link to learn more about Dan's program and how to get a complimentary consultation.This episode brings on CPA Dan Mullen to break down the truth about tax benefits for homeowners. You'll learn who actually gets tax breaks, when they apply, how itemizing plays a role, and how to calculate them before you buy. From itemized deductions to the SALT cap, Dan and David explain what first-time buyers need to know—and what myths to ignore. They also share real-world examples of savings (or lack thereof) so you can plan your budget with real numbers.Quote: "You have to remember, not everybody gets the tax benefits of owning. That's just a myth." — Dan MullenHighlights:Who really qualifies for the mortgage interest deduction?What is the SALT deduction cap, and how does it affect buyers?Why some buyers may see no tax benefit after purchasingThe difference between escrow payments and tax deductionsHow to estimate your actual savings before making an offerShould You Rent or Buy? This Book Has the Math.Wondering whether homeownership really makes financial sense?Real Decisions: The Financial Impact of Renting and Owning by Brady Mullen and Dan Mullen, CPA, breaks down the real numbers behind one of life's biggest choices.They debunk common myths and reveal how taxes, inflation, and appreciation shape your long-term wealth—whether you're buying your first home or advising someone who is. Perfect for first-time buyers, financial professionals, and real estate agents alike.Grab the book on Amazon →Connect with me to find a trusted realtor in your area or to answer your burning questions!Subscribe to our YouTube Channel @HowToBuyaHomeInstagram @HowtoBuyAHomePodcastTik Tok @HowToBuyAHomeVisit our Resource Center to "Ask David" AND get your FREE Home Buying Starter Kit!David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with two decades of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer. Subscribe for regular market updates, and leave a review to help us reach more people. Ready for an honest, informed home-buying experience? Viva la Unicorn Revolution - join us!

Welcome back legends to another sessional Monday call show. The boys are joined by the legend himself Mr Taxman! Graemee's back and the boys have a good chat with him about his food of the week and get insight into the one food he won't eat.The Rodecaster has a mid episode melt down and thankfully Moose was able to get it get up and running before Gibbo was able to leave out the door.Taxman reenacts the time he got his d1ck stuck in his zipper......dear lord. What more can we say but thank you for a ripping line up of calls this week. Remember if you want to here all the calls with minimal editing head over to the Flogs Patreon. Hosted on Acast. See acast.com/privacy for more information.

This week, we're talking taxes—specifically, the new business and occupation (B&O) tax proposal that City Councilmember Alexis Mercedes Rinck and Mayor Bruce Harrell dropped, seemingly out of the blue, last week. The tax includes a big exemption that the business community has been seeking for a long time; however, above that threshold—$2 million in gross receipts—the tax will go up substantially. Because B&O taxes are based on gross receipts, they hit high-grossing, low-margin businesses like restaurants and grocery stores hardest, which is one reason they aren't generally considered progressive. In fact, neither of the groups the city set up to come up with new progressive revenue sources recommended a higher B&O tax. So what's really behind this new proposal? The mayor's up for reelection, facing a progressive challenge from Katie Wilson. Seattle's in a budget hole. And supporters of the measure may be taking a gamble that the Chamber won't fight too hard against the tax, because it includes a big tax exemption that small- and medium-size businesses have been seeking for years.With David still away gamboling in parts unnamed, Sandeep and Erica take up these questions and more on this week's episode of Seattle Nice.Our editor is Quinn Waller. Have a question or comment—or want to advertise with us? Send us an email at realseattlenice@gmail.com.Send us a text! Note that we can only respond directly to emails realseattlenice@gmail.comHEARTH Protection: Do not let fear make your world smaller. Thanks to Uncle Ike's pot shop for sponsoring this week's episode! If you want to advertise please contact us at realseattlenice@gmail.comSupport the showYour support on Patreon helps pay for editing, production, live events and the unique, hard-hitting local journalism and commentary you hear weekly on Seattle Nice.

This week on The Tax Factor Neil Insull and Suzanne Briggs look at Reform’s controversial proposal for a 'Britannia Card' that would let wealthy foreigners pay a £250k fee to move to the UK and live exempt from all tax, and a significant rise in HMRC investigations into high earners, signalling a more aggressive compliance strategy. Elsewhere, the tax gap among SMEs is growing - what’s causing it, and how might it be closed? Plus, in estate planning news, Glastonbury founder Michael Eavis may have struck the right chord with tax planning that could legally bypass £80 million in inheritance tax. And finally, as Wimbledon serves up bigger prize pots, Neil and Suzanne reveal how it’s also serving HMRC a bigger slice of the winnings.See omnystudio.com/listener for privacy information.

Send us a textNot Selene has her reckoning and Misty deals with her secret business venture coming to light. Eve deals with an alchemist and comes to terms with aspects of herself.Eve played by Anna of Misty Mountain LegendsSelene played by Steph of Equinox DiceMysty played by Saff of Safficient and Castle Han MediaIf you'd like to check out Wickedness, you can find a PDF version here. Use code MISTY25 for a discount!Check out Weird Works Tarot decks and use code MISTY to get $5 any $40 purchase!Intro music by Angel Salazar on ArtlistLogo by Anna Solomon of Equinox DiceSupport the show

The Moneywise Radio Show and Podcast Tuesday, June 24th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Management Guest: John Duffield CPA/MST website: www.bakersfieldaccountants.com/  

Let's talk about Trump, tips, overtime, and the taxman....

Target-date funds just passed $4 trillion in assets. They're now the default investment in many 401(k)s, and millions of Americans are using them without really understanding how they work. So, are they a smart choice… or just the easiest one?   Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381   ----more---- Transcript:    Marc: Target-date funds just passed $4 trillion in assets. They're now the default investment in many 401Ks for millions of Americans, who are using them without really understanding how they work. So this week on Plan With The Tax Man, let's talk target-date funds.   Hey, everybody. Welcome to the podcast with Tony Mauro and myself as we talk investing, finance and retirement. Of course, Tony is the Tax Man, and if you've got questions or concerns or need some help when it comes to today's topic, or any other, make sure you're talking with a qualified professional like Tony and his team at Tax Doctor Inc. You can find them online at yourplanningpros.com. That's yourplanningpros.com. Tony's got 30 plus years of experience as a CPA, CFP, and an EA, so a great resource for you to tap into.   Tony, my friend. What's going on buddy? How are you?   Tony Mauro: I'm well. Enjoying the summer so far, and as we're recording, that's getting closer to the July 4th holiday, so things are good.   Marc: That's true.We'll drop this one this week about two weeks early, and then we'll drop another one, probably right around there.   So what do you think about that? 4 trillion bucks, man, in target-date funds? That's a lot of dough.   Tony Mauro: That's a lot of money. It seems that clients are starting to ask about them more. Basically, what is it? Do you think it's a good idea?   Which is why I wanted to talk about it a little bit just to shed some light on all this.   Marc: Because the question is, Tony, is it the smart choice or is it the easy choice?   So they were created for that purpose, to be easy, I think. I think that's part of it because... Well, we give some back history here, just a little teeny bit. Again, according to Morningstar, hit $4 trillion in assets. In fact, it says eight out of every 10 Vanguard 401k investors hold one today. So start at the beginning a little bit. What exactly is a target-date fund? Give us just a quick breakdown.   Tony Mauro: It's as the name implies, is basically they set a date, and they have all these different funds. So for example, if you're 50 years old, and they have a fund that they put a date on it, so 15 years from now they'll call it the 2040 fund, and then the '45 and on and on and on.   Marc: Which we're used to seeing, right?   Tony Mauro: That's what you see. And really what they're designed to do, is based on your age, they basically take a portfolio growth-oriented as you're younger, if you've got a lot of time left, and then as you age, it becomes more and more conservative, and shifts on its own to more and more conservative funds. With the theory that is that as you get closer to retirement, you want to take less risk, and you want to make sure that a down little blip in the market two to five years is not going to kill you as far as that goes.   So, it makes it really appealing to a lot of investors with this whole thing. Talk about set it and forget it. This fund is that exactly.   Marc: It's definitely that. So they call it the glide path, so it's designed. But I think there's some misnomers in there. So part of that, but based on what you were just saying, sometimes people say... Okay, well let's just go with an easy number here, Tony. We'll just say the 2050 fund. So it's 25 years from now, so I've got 25 years before I'm going to retire. I'm set to retire in 2050. So that'll work great, I'll just do that. Again, if you're doing nothing, I think these target-date funds can be cool, but some of the downside is that risk tolerance you were just talking about.   First of all, they don't go all the way down to zero. So I think some people feel like there's this, "Oh, well, if they're reducing my risk as I get closer to my target-date, I'll be really, really no risk by the time I get there."   And that's not usually the case. Usually, what? It's about 50/50 I think is about where they stop at.   Tony Mauro: That's usually what it is, what I see, even in the most conservative, say the last two to five years. And I do think people, because they're marketed as the set it and forget it, they don't really look at some of that stuff.   So, while they offer the simplicity and the chance to rebalance, I don't think they're all the same. And I think this is where, rather than... It's better than doing absolutely nothing. Let's get that on the table. But if you're going to use one of those, as many people do, I think you should work with your advisor to make sure that this is something you really want. You need to look at the fee structure you need to look at...   Marc: That's another great point.   Tony Mauro: ... The asset mix as you get a little closer to retirement, is that maybe it's too conservative? Maybe it's too aggressive.   To me, with our clients, I like to have a little bit more, I don't want to say control, but yet...   Marc: Well, that's what it is though, right? Well, so all right, so you're thinking about... You just mentioned...   Okay, a couple of positives, let's do that. So it's very easy if finance isn't your thing, you just want to pick something, and so you can roll, and that way you're putting in your 401k at work, and you're getting the match, and blah, blah, blah, and you're earning something for retirement, great. Okay, very easy. Good to do.   The auto rebalancing, again, another benefit. So that makes it easy. You don't have to worry about that too much, because they auto due, but you just mentioned the fees. These are managed and so they come with fees, correct? Higher fees, sometimes.   Tony Mauro: Sometimes they come with higher fees, because based on how the fund is structured, and what their fund is supposed to do, they may be moving in and out of securities more often than not.   And I think the other thing, too, is a lot of people don't really look at how long the fund's been around some of the maybe longer-term performance. Just even as the managers, because you certainly don't want to buy a real laggard=type of target-date fund if they don't have a good record as managers. But most of them are going to be okay to a little above average.   But the point is to take a look and delve into some of this stuff, because it's something you got to watch out for.   Marc: Definitely.So you've got the fee structures conversation, does it actually fit your needs? So I think that's part of it.   So let me rephrase it this way, Tony, you've been doing this for 30 plus years as I mentioned earlier, I think if you're a younger person, if you're in your twenties, thirties, maybe even your forties, and you've taken a new role, new gig someplace, and you're setting up the account, and as I mentioned, more and more companies now are automatically... You have to check to opt out of a target-date fund. So check that whenever you're setting up with HR and all that stuff.   I think they can be useful. You're getting it going. You're busy, you've picked the target-date fund for the year that you're going to turn 65, but I think as you get closer, and you mentioned this a minute ago about your clients, I think once we get to 50 plus, maybe there's better options out there for us to be looking at doing it. Is that fair?   Tony Mauro: I think that's fair. And I think it's especially prevalent, and we have cases like this all the time. If a person is maybe behind, in other words, we do a plan, and we figure out where they want to be and figure out that they don't have enough to get to that goal, we may need to change up some things, assuming the risk tolerance and everything else aligns with that. And the target-date fund wouldn't be a fit for that at all. We wouldn't be able to get to where we're going.   But in all of our meetings, as we're setting up the investments part, we do talk about target funds. And I don't mind using them for a small portion of the portfolio to start, just as a little bit of a buffer as the set it and forget it part. So there is a fit. So I'm not come off totally against them,   But I think in most cases, especially above 50, especially when you get to the distribution stage, we certainly don't want to leave our money in the target-date funds, because most of the time you're looking for as much yield as you can get for that income distribution. So I think they have their fit.   I think too many people are just like you say, just saying, "You know what? I don't know anything about any of this. I'm just going to throw my money in that."   That's not a bad option. I think the better option is to talk to somebody and to work with your advisor to see if that is the best fit for you and diversify even more.   Marc: And I had just seen not long ago, and I was trying to find it so that I could cite the place that it came from, but it said over the last five years that more and more target-date funds are automatically shifting to a higher aggressive stance to begin with. Probably because the market had been doing well, plus with the bond trouble that bonds had been experiencing for a couple of years.   So again, to your point about allocation, and about risk tolerance, and all that stuff, that's where some of the misnomer comes in. People feel like, okay, this is going to be probably a fairly safe bet. It's going to be a 60/40, it's going to stay that way, 60/40 split's going to stay that way. And then as I get closer to retirement, it's going to drop down to 70/30, 70 being safer. And that's just not always the case.   So you really want to talk with an advisor and dig into it. So do you guys, when you're working with people that come in for the first time, and you're going through their list of assets, do you look into those and see what's going on there?   Tony Mauro: We do if they have those in their 401k. And then we'll usually pull a report just to let them know what that fund is about and what its makeup is, what its asset allocation is, and based on everything else that we'll do in our planning software, is that the right fit for them in the portfolio? A lot of times it is. But if that's their only one, generally we'll suggest some other things, at least for the future.   Marc: What typically is in some of these bigger ones, typically it's going to be a lot of large cap and stuff, isn't it, Tony?   And so I was thinking about this the other day. So if you're picking a 2040, 2050 fund, but then you're also going and getting some investments on the side. Let's say you want to do some extra stuff and you're like, "oh, I'm going to go get a mutual fund through Schwab" or whomever.   A lot of times you wind up buying the same stuff, because you're probably picking a mutual fund that you're looking at to see, hey, it's doing fairly decent and it's probably all around, well, lately, tech, and these large-cap companies, the S&P, and whatnot.   Tony Mauro: It is. And I think so many people don't look at that. They think they've got a ton of diversification in their mutual funds, [inaudible 00:10:08]   Marc: "I got that from Schwab, myself, and my target-date funds through Fidelity." I'm just making stuff up. But then they think, "Okay, two different companies, two different mutual funds, two different sets of stuff. Cool. I'm more diversified."   But often it's not.   Tony Mauro: It's really not. And when you delve into it a little bit, you can point some of that stuff out, and it's a little aha moment for them just to basically say, "Look, if there's nothing wrong with this, but you really don't have as much diversification as you think, and based on how we want the plan to go, we might just to make some tweaks."   Marc: Gotcha. Okay. All right. Any final thoughts? I don't want to belabor the point too much.   I like this thought that I have to wrap this up, Tony, and then I'll let you tell me what you think. Look, they're easy as we said, but sometimes that's the problem. And with so much money riding in a one-size-fits-all strategy, I think it's worth asking the question, are you planning for retirement or are you coasting towards it? What do you think?   Tony Mauro: I would say that's definitely true. I would say from a planner standpoint is we try to get a little more intentional with it, and we don't really want to... Not that the default is a bad thing, but we want to make sure it's the right fit for you. So I definitely think there should be at least a little dissecting before you just coast rather than plan.   Marc: And I think definitely age has something to do with it. So like a lot of things in finance, what you're doing in your twenties, and thirties, and forties may be fine if you're going with the one size fits all easy, low-hanging fruit. But as we get to 50, we start thinking about things a little bit differently and maybe it's a little worthwhile to start really getting somebody to look under the hood, so to speak, and really dissect that a little further.   So, you got some questions with that stuff, need some help, reach out to Tony and his team at Tax Doctor Inc. Get yourself onto the calendar by simply going to their website, yourplanningpros.com. Or you can call them at 844-707-7381. 844-707-7381.   And don't forget to subscribe to the podcast on Apple, or Spotify, or whatever podcasting platform app you enjoy using. Just type in "Plan With The Tax Man" in the search box, or just simply go to the website, yourplanningpros.com.   Tony, my friend, thanks for breaking it down. As always, I appreciate you.   Tony Mauro: Okay, we'll see you next time.   Marc: We'll see you next time right here on Plan With The Tax Man with Tony Mauro.   Securities offered through Avantax Investment Services SM, member FINRA, SIPC. Investment advisory services offered through Avantax Advisory Services. Insurance services offered through an Avantax affiliated insurance agency. Investment strategies discussed in this episode may not be suitable for all investors. Please consult with a financial professional.

For today's episode Aaron talks to crypto tax lawyer Daniel de Paiva Gomes about the sweeping changes proposed by Brazil's Ministry of Finance earlier this month. We explored the changes to the IOF financial transactions tax and the relevant implications, as well as the provisional measure released by the Ministry of Finance seeks to overhaul tax treatment of crypto assets in the country.You can connect with Daniel on Linkedin____________________________________________________________Brazil Crypto Report is presented by AveniaIf you're building a wallet, a crypto consumer app, or a global payment platform, Avenia is your bridge to Latin America. Instantly connect to PIX, SPEI, and CBU using stablecoins — with one API. No banks. No FX desks. No SWIFT. Move money globally, with full compliance and real-time settlement. Learn more at avenia.io.------------------------------------------------------------------

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Send us a textIntro song: Taxman by Junior Parker35. Dear PrudenceCover 1: Siouxsie & the BansheesCover 2: Jerry Garcia BandCover 3: The Wooks34. Eight Days a WeekCover 1: Procol HarumCover 2: Lorrie MorganCover 3: B.E. Taylor33. I Want You (She's So Heavy)Cover 1: CoronerCover 2: HalestormCover 3: Umphrey's McGee32. Love Me DoCover 1: The PunklesCover 2: Emmerson NogueiraCover 3: Mellow Mood31. I WillCover 1: Alison Krauss & Tony FurtadoCover 2: Diana RossCover 3: Al Di MeolaOutro song: Dig a Pony by Zoo Animal

A little hope is good for the soul, but when it comes to retirement planning, wishful thinking can lead to serious financial mistakes. Today, we're walking through five common examples of wishful thinking that can quietly damage your retirement and how you can build a plan that protects your future instead of relying on luck.   Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381   ----more---- Transcript:    Marc: A little hope is good for the soul, but when it comes to retirement planning, wishful thinking can lead to some serious financial mistakes. So we want to talk about a few ways wishful thinking could possibly damage our retirement this week on Plan with the Taxman.   What's going on, everybody? Welcome into the podcast. Thanks for hanging out with Tony Mauro and myself as we talk invest and finance in retirement. Tony is a CPA, CFP, and an EA with 30-plus years of experience, and he is the Tax Doctor at Tax Doctor Inc., serving you all around the, well, Iowa and other areas as well. He's got clients all over the place. But we appreciate your time here on the podcast. And this week, we got a few wishful ways that, wishful thinking ways, I guess, that maybe could damage us, Tony. And there's nothing wrong with being optimistic and hopeful. Well, that's all good stuff. But you want to not kind of carry that so far, I guess, that it clouds your judgment and costs you in the end, right?   Tony Mauro: That's right.   Marc: Yeah.   Tony Mauro: Some of these topics are some we hear all the time.   Marc: All the time? Well, we'll try to tackle some of the biggest ones for you.   Tony Mauro: Yeah.   Marc: You doing all right this week?   Tony Mauro: I'm doing good. Yeah. I mean, we're getting ready to spend a little more time outside, although the weather here is cool.   Marc: I think it's cool across the country, actually, a little bit.   Tony Mauro: Yeah.   Marc: In some places.   Tony Mauro: A lot of rain and stuff.   Marc: Yeah.   Tony Mauro: Hoping for something warmer.   Marc: Yeah. Yeah, for sure. Well, that's wishful thinking, right?   Tony Mauro: That's wishful thinking on my part. Yep.   Marc: Well, let's get into a couple of these and talk about it. We got to go with a standard classic, really, financial myth, I think, and that's the wishful thinking thought of, "I'll be in a lower tax bracket once I retire, so that's going to help me out from my cost savings standpoint," or whatever. And Tony, I've been talking with you for years and lots of other financial professionals, and they all tell me the same thing, that more times than not, people are in the same tax bracket when they retire, not a lower one. What's your thoughts?   Tony Mauro: That's correct. Yeah, we find that too. It's the same or sometimes even higher depending on what they have coming in and how that is going to be taxed. And I mean, the traditional thinking is that, "Hey, my expenses are going to go way down, my income is going to go way down, and so therefore my bracket will go way down." But a lot has changed even with the brackets. There's not as big of a spread in each one, so they don't go down by that much. But a lot of times, people that have definitely planned and saved and are bringing in money, passive income from retirement sources, that a lot of times is the same or higher income than when they were working, which is a great thing, but they don't drop tax brackets, so we got to be very efficient about taking it out.   Marc: Yeah. Okay. And that's the point. So it's the income strategy, where you're pulling it from and at what time, that's going to kind of dictate this a little bit, right?   Tony Mauro: Yes.   Marc: So that's when you start getting into the, which horse are you riding? The Social Security horse or your own, the 401(k)'s over here that you have or what on pulling out the income gap, kind of shoring up that income gap. Because they don't just, getting to Medicare, when you're 65, they give you Medicare. It'd be cool if they said, "Hey, you're 65. You're automatically in a lower tax bracket." But you don't get it as a retirement bonus. So if you want to be in a lower bracket, you have to strategize for it.   Tony Mauro: You got to strategize, and you got to pull money out of the right buckets at the right time which I think is where a planner, if you're working with one, is going to really help you in that regard besides just trying to get the most return for whatever you're doing, whether you're taking some of the principal or just interest or whatever.   Marc: What's the culprit that keeps us in that tax bracket the same? Is it typically the RMD withdrawals?   Tony Mauro: I find it's the RMD withdrawals and then other income. People will go back and work a little bit. And then what they don't realize is that sneaky Social Security being taxed is that they bring in this income from other sources. And oh, by the way, now all of a sudden, a lot of my Social Security is taxed, and they weren't ready for that. They thought they were going down in income, which they are a little bit, but then that Social Security creeps back in for taxation purposes, and it screws up a lot. I just saw a lot of it this year. We had a lot of retirees that went out and had RMDs, and then they were also, a lot of them went back to work. You could look at their comparisons on their tax returns, and last year, hardly any of their Social Security was taxable. This year it was the full max, 85% of it, and all of a-   Marc: Because of the income pullout.   Tony Mauro: Yeah. Because of the income pullout.   Marc: Yeah.   Tony Mauro: And so you got to watch that. And you can plan some of that away a little bit, but that's the culprit that I saw this year with the Social Security.   Marc: And that's where, again, some of that strategy comes in. And then when you do bump that income up higher, also with the Social Security, that then also affects the IRMAA conversation, right, the IRMAA penalty.   Tony Mauro: Yeah. Yeah, it affects that. And then that obviously affects the tax bracket. And it's very sneaky because the clients, like I say, none of them realize that about the Social Security.   Marc: Well, you kind of mentioned it, so we won't dive into it, but another one that was on my list was I'll spend less money when I retire because I'm no longer going to work and stuff. But I mean, you kind of touched on that. I think I sum it up all the time with the way my dad said it to me many, many years ago, which I've shared on this podcast before. And he was like, "Hey, retirement's great. I'm digging it. Every day's a weekend." I was like, "Awesome." He's like, "Yeah, but I spend all the money on the weekends." Right?   Tony Mauro: Yeah. That's right. Yep.   Marc: So you just got to be careful. Right?   Tony Mauro: That's a good saying. Yeah, I like that.   Marc: Yeah. And he, unfortunately, passed away, wasn't retired for very long. But it's always stuck with me because I was 15 or 16, something like that. I was like, "Okay, well, every day in retirement's a weekend, and you spend a lot of money on weekends, so be careful." So don't assume that that's, and again, wishful thinking, being well, like this next one, "Well, as long as I keep getting this good return, Tony, that I've had for the last, let's say 10 years, then my plan will work." Well, that's wishful thinking. I mean, as we saw this year, obviously, we had a new administration, we had the tariffs come in, made things pretty rocky. Now it's smoothed out there. We're almost back to all-time highs, but still, don't go into things with the assumption that every single year the market's going to give you 20% returns or 12% returns or whatever.   Tony Mauro: Yeah. And I think most retirees shouldn't be looking at that like that anyway, because it's time to be more conservative. And if you're banking on that, and we have a prolonged, we haven't had a lot of it in the last, what, prolonged 15 years?   Marc: 17 years?   Tony Mauro: Yeah, 15 years. Yeah. We've had little blips, yes, and some months of-   Marc: I mean big blips, but they didn't last long, right?   Tony Mauro: No, it didn't last long. And if you're not prepared for that or worse, you're not diversified, and you've got a lot of stuff, meaning your retirement income or not income, but your nest egg in something a little more aggressive, and that particular sector has a bad three to five years, that's going to blow that whole thing right up. You won't be just fine.   Marc: Yeah. And so the wishful thinking, again, being, "As long as this and this and this happen, I'm good." Right?   Tony Mauro: You're right.   Marc: Well, you can't control this and this and this, so get a good strategy to hopefully retire in any economy. And maybe what you were talking about there a little bit, right, is sequence of risk return, right? Or sequence of return risk. Because if you literally retired in the down market, and it lasted for a couple years, obviously those accounts are going smaller, and you're pulling money out. That's what you're talking about, right?   Tony Mauro: That's what I'm talking about. As I always preach to people, I can't control what the market does. Nobody can. All we can do is make sure we're invested in the right things that, over time and depending on what your plan is, that's going to get you to where you need to go. But I definitely would not, say somebody comes in and says that to me, it's like, "Whoa, we got to change your thinking real fast here because that's going to get you into some trouble."   Marc: Yeah. Yeah, for sure. All right, so let's see. What else have we got on this list? Well, okay, let's piggyback off of that one. "Well, if things go south, I'll just keep working." The wishful thinking of, "Well, if it all goes to crap in a hand basket, I'll just go back to work." Maybe you can, but maybe you can't. Your body may not let you, your company may not want you, or you may not be able to make the kind of living that you thought you were going to make.   Tony Mauro: I agree with all of those, and what I see is the biggest ones are my health or abilities won't allow me to do that. When I was working, things were different. I don't have that skill set that a lot of people were looking for, but I do see a lot of it, even though nobody admits it, is age discrimination. Nobody wants to hire.   Marc: Right? Isn't it funny?   Tony Mauro: Yeah. A 70-year-old.   Marc: But it's easy to go, "Well, we just don't have anything." Or whatever. Even if you're sharp as a tack. Yeah, it definitely exists out there.   Tony Mauro: There's a car dealer here that the drivers that drive me back for when I have my car.   Marc: Oh, like the shuttle service thing?   Tony Mauro: Yeah. They were telling me that they are driving for this company because the last company said they have a mandatory retirement age of 70. We don't want you if you're 70 or above and you have to get out.   Marc: I wonder if that's an insurance thing because we don't want to have to cover the insurance that it's going to cost in case you have a driving, an accident.   Tony Mauro: In case you wreck. Yeah.   Marc: Because your response isn't fast enough. It's not as fast as it used to be, your motor skills or whatever. So yeah, it's a fine line. So they think they can cry safety for the public, but it's also bordering on age discrimination. So we're in a weird world.   Tony Mauro: It really is. It's very weird.   Marc: We're in a strange world.   Tony Mauro: I do see that though.   Marc: No, for sure.   Tony Mauro: If a 70-year-old-   Marc: Airline pilots. I've got a client that does a podcast, Tony, he's an airline pilot, and they have mandatory retirement. I think it's 65. They can't be in the skies anymore, right?   Tony Mauro: Yeah. For controllers it's 56.   Marc: Oh, there you go.   Tony Mauro: The only reason I know that is because I do fly, private pilot, that is, and it's funny because you're kind of in tune with all that and the whole air traffic control issues that they've got, and I don't think they pay those people enough.   And then of course they have a limited shelf life because they make them get out so early.   Marc: I guarantee it's insurance-based. What do you want to bet that some lawyers and some insurance people somewhere said, "Let's just reduce our risk mitigation here?"   Tony Mauro: Risk, yeah, very well could be.   Marc: Yeah. Interesting. So yeah, I mean, again, back to the topic, wishful thinking. I'll just go back to work is not a great strategy either. So could you? Maybe, but don't plan on it. And right along with that, Tony, is maybe we want to make this the last one is, "My kids will cover it. My kids will help me if it's bad." And a lot of us get in that situation. I mean, I help my mom. She's not living the retirement she wanted, but it was not a conversation we ever had. And she's in this position not by, well, sort of by choice, but at the same time, don't just assume that your kids are going to go, "Yeah, no problem. I'm going to help you out." Because they're probably raising their family at that point, and they may want to, but they may not be able to actually do much more than maybe drive you around or something like that.   Tony Mauro: Yes, I agree. I'm trying to think when you were talking about it, if I've had any clients that actually have ever said that my kids are going to help me. A lot of them think they're going to help them, but nobody's ever come out and said, "Yeah, my kid, he's just doing everything for me." I do think that's very wishful thinking, and I think that's a lot of burden to throw on a child.   Marc: I'm glad you said that. That's a funny, because when we do those surveys to potential retirees, what's the top five things? Almost always one of the top five, Tony, and I'm sure you'll agree with this, is, "I don't want to be a burden on my family."   Tony Mauro: Exactly. That's right up there.   Marc: Yet these wishful thinking things, folks, that we're talking about this week also come from retirees. These are actual literal sentences from retirees that we surveyed. So to say, on the one hand, I don't want to be a burden on my kids, but then on the other hand, well, if all else fails, the kids will help me. It's a weird dichotomy. So just get a strategy so that you don't have to put them in that spot.   Tony Mauro: Absolutely. And a plan will certainly help you with that. And so will certain types of insurance and understanding some of that toward the end of life, so you have options so that you're not in that situation. And then if you wishful think that and the kids aren't able to help you, well now you're in a real pickle because you've got all kinds of not probably too desirable ways to live and take it around and it's bad.   Marc: The options are not super, super fantastic. So look, wishful thinking, again, good stuff can be there, but if you don't put it into practice or if you don't put a backup plan or a strategy in practice and then the wishful thinking is the backup plan, then you're maybe setting yourself up. And a lot of these, again, are kind of normal. There's a lot of other ones. We won't spend a lot of time on it because they're very similar, but it's, "I'll be in the lower tax bracket." Or, "I'll spend less money when I retire." Or, "The kids will help me." Or, "I'll just keep working." Or, "I'll sell the house and downsize." Right? That's another one that happens sometimes. Why go with the worst case scenario if this happens wishful thinking instead of getting a good strategy into plan together and saying, "Okay, let's run some stress test scenarios if this happens, and then let's run some if that happens." And that's what you guys are doing when you're starting to build these plans.   Tony Mauro: That is, and it's much better to be in that situation rather than, "Well, if this, this, and this happens, I'll be okay." I mean, I don't like to have three or four things that have to happen and everything line up for you to be okay. We want to make sure you're okay if nothing happens. And then if some of those things do happen, that's great.   Marc: Well, and you run those scenarios. So let's say you run the scenario and, "Mr. and Mrs. Smith, it looks like, based on this, here's what you're going to need to make this goal happen." Maybe that's working a little longer. Maybe that's saving a little more. So you have all those options laid out. Or plan B is, "You do have enough, right? It is going to make it, but here's what happens if one spouse passes early." So you get all these different kinds of outlooks to structure your life around versus just hoping.   Tony Mauro: I agree. I agree 100% because again, relating it back to the real world, I've got some family that haven't done this, they haven't planned, and they're getting ready to retire, and they have a lot of these wishful thinkings going through their mind. I'm trying to set them straight saying, "You're planning on too much. You got too many things that have to go right." And we sat down, I told them the, well, it wasn't the truth that they wanted to hear, but it's the facts. And they're now, we're working to get some things in alignment according to a plan that they can handle and at least they know.   Marc: Yeah, that's good. And it happens, right? I mean, you're in the industry and you have family that doesn't listen or whatever or didn't listen for a while. So we all have that in walks of life, mechanics. It's like, "Oh, my wife's car's falling apart." And it's like, "Well, you're a mechanic." "Well, I don't have time to fix it, and she never listens to me." That kind of thing. So it happens in all walks of life.   But what do you need to do? You got to do the best things for yourself. And a lot of times that starts with sitting down, getting an analysis done, and looking at what it's going to cost you. Often it's not nearly as expensive as people think it is, and the reward and the risk reward ratio is much, much better. So if you need some help, get yourself some time with a qualified professional like Tony Mauro and his team at Tax Doctor Inc. Find them online at yourplanningpros.com. That is yourplanningpros.com.   But don't forget to subscribe to the podcast and share it with others who might benefit and enjoy the message as well. And that's Plan with the Taxman on Apple or Spotify or whatever podcasting app you like using. Again, Plan with the Taxman, with Tony Mauro. Tony, my friend, thanks for hanging out. Have yourself a great week. I'll talk to you a little bit later on this month.   Tony Mauro: All right. You do the same, and we'll talk to you next time.   Marc: We'll see you next time here on Plan with the Taxman.   Securities offered through Avantax Investment Services SM, member FINRA, SIPC. Investment advisory services offered through Avantax Advisory Services. Insurance services offered through an Avantax affiliated insurance agency. Investment strategies discussed in this episode may not be suitable for all investors. Please consult with a financial professional.

Send us a textIn this episode, we dive headfirst into Revolver, the groundbreaking 1966 album that marked a turning point—not just for The Beatles, but for rock music as a whole. From the hypnotic swirl of “Tomorrow Never Knows” to the sunny bite of “Taxman,” we unpack the innovations, inspirations, and in-studio wizardry that made Revolver a psychedelic masterpiece.Join us as we explore how the Fab Four dismantled the rules of pop songwriting and embraced tape loops, Indian classical music, and existential lyricism.Follow the OCR Report on InstagramListen to the Obstacle Adventures PodcastSupport the showBrowse the 33/24 Archives: Check out the backroom! Follow us: Instagram Facebook Watch us on YouTube!

'"no animals were harmed in the recording of this episode" The Two Flogs have brought in Mr Taxman as a celebrity judge for this weeks call show. Buster brings up a great point that the humble chippy shop is a dying breed as they walk down memory road. The boys have an early call from knuckles. Buster and knucks waste no time before ripping the sh!t out of each other. "Get Yourself Checked' a charity kicked off by Mark And Knuckles will be raising awareness of Prostate Cancer and the importance of regular check ups. Wowee the calls this week did not disappoint. Our thoughts and prayers are with Bluey the Budgie as you maniacs had us in stitches. Hosted on Acast. See acast.com/privacy for more information.

All aboard the Gus bus for one cracking episode. Mr Tax Man herself joins the lads for some extra banter and yarns. The boys travel down memory lane to revisit the biggest shits they have ever seen. Kirbs brings up 'things you were scared of as a kid' and to no one's surprise alien anal probing and the Xfiles were high on the list. The episode wraps up finding the worlds dumbest pilot. Hosted on Acast. See acast.com/privacy for more information.

This episode is brought to you by MagicMind.com/BAT20 Order "The Adventures of Ben and Travis and The WorryCoaster" here: https://a.co/d/bUgYqgz Preorder "The Adventures of Ben and Travis and The Joy Rider" here: https://www.benandtravis.com/store/p/joyrider Ben and Travis discuss the stresses that accompany tax day and life in general. Ben shares tips and tricks to destress this week. Also the guys answer which is more likely: the Megladon or the Moon Landing. Get all the fun in one spot on this week's episode. Links mentioned in this episode: Get our free ebook "28 Days of Focused Living" here: https://www.benandtravis.com https://www.facebook.com/groups/benandtravis Reframing Hope Book: https://www.benandtravis.com/books For extra content and material you can use for your family or ministry go to https://www.patreon.com/benandtravis Represent the show: https://www.benandtravis.com/store The Friday ReFresh: https://podcasts.apple.com/us/podcast/the-friday-refresh/id1611969995 Good Old Fashioned Dislike Podcast: https://podcasts.apple.com/us/podcast/good-old-fashioned-dislike/id1643163790 Co-Producers: Justin B., Doris C., Rhonda F., Scott K., Mary H. This podcast is hosted by ZenCast.fm

Sports Daily Full Show 15 April 2025

April 15th Tax day, if you were wondering if Doge fired the tax man, you better check twice. Then TJ talks about his old man walk, and how he saw a mother owl with her two chicks. Lastly a response to those with double standards. All on News Radio KKOBSee omnystudio.com/listener for privacy information.

Links from today’s broadcast: Connect with Alex: http://LibertySentinel.org Taxman – The Beatles: https://www.youtube.com/watch?v=sPWqVz7j1eU 1 Samuel 8: https://www.biblegateway.com/passage/?search=1%20samuel%208&version=KJV Bill Federer’s  American Minute: https://americanminute.com/blogs/todays-american-minute US Debt Clock: https://usdebtclock.org/ …………………. You can join the studio audience by clicking on the ‘Join Live Studio Audience’ button at WCNTV.net as well as watched our archived broadcasts. Subscribe to the Wisconsin Christian Newspaper by going to WisconsinChristianNews.com

Tuesday, 8 April 2025   As Jesus passed on from there, He saw a man named Matthew sitting at the tax office. And He said to him, “Follow Me.” So he arose and followed Him. Matthew 9:9   “And Jesus, passing thence, He saw a man sitting upon the tax-booth, being called Matthew. And He says to him, ‘You follow Me.' And, having arisen, he followed Him” (CG).   In the previous verse, it noted that the multitudes marveled and glorified God who had given such power to men as to heal the paralytic. As noted, the healing was both physical and spiritual. Jesus had said that the man's sins were forgiven. The fact that He healed the man physically substantiated His words concerning forgiveness. Thus, the crowds marveled. Next, it says, “And Jesus, passing thence.”   A new word is found here, “paragó.” It is derived from para, beside, and agó, to lead, bring, carry, etc. Therefore, it signifies “to lead near.” Strong's Lexicon says –   “The verb ‘paragó' is used in the New Testament to describe the action of leading or bringing something or someone alongside or past a certain point. It can imply a physical movement or a metaphorical passage, such as the passing of time or events.”   To understand the metaphorical meaning, Paul says in 1 Corinthians 7:31, “For the form of this world is passing away [paragó].”   Looking at the eight literal uses of the word in the gospels, each gives the sense of passing near a person or persons who become a part of the ongoing narrative. Such is the case here where Matthew next records, “He saw a man sitting upon the tax-booth.”   Here is another new word, telónion. It is derived from telónés, the dreaded tax collector who seems to pop up in every society. In this case, the word telónion refers to his place of business. Today, we might say “tax office.” In the case of Israel at the time, it was probably a booth or a table where taxes were collected. Of this person, a typical dreaded and disdained publican, it next says, “being called Matthew.”   In Mark, the name is Levi the son of Alphaeus. Luke simply calls him Levi. They are the same person, but Matthew anticipates his designated apostolic name at this time. In the selection of the apostles, both Mark and Luke will call him Matthew. Of him, he next records, “And He says to him, ‘You follow Me.'”   Although it is only speculation, it is possible that this calling actually comes after some sort of previous interaction. It may be that Matthew has heard Jesus speak, or they may have personally conversed about some matter or another.   Whatever is the case, Jesus knew that this person was ready to leave his duties as a tax collector and take on a completely different pursuit. And so, it next says, “And, having arisen, he followed Him.”   Matthew made the wisest decision he could possibly have made. He may not have even realized it at the time. Or it may be that in hearing that this man could forgive sins (based on the previous passage), he may have thought, “This is what I need. I'm a reprobate to my society and a sinful man.” Whatever prompted him, he heard the call and responded.   Life application: There is a calling to come to Jesus to be saved. If you have responded to that through belief, you are saved. But there may be an additional calling upon you. You may have the inner desire prompting you to become a missionary, tell others about the word, become a preacher, or plaster your car with Jesus bumper stickers.   Whatever you are prompted to do, if it is glorifying of God and not contrary to the Bible, don't quench it. Rather, respond in a manner that will get the ball rolling and then continue to do what is necessary to keep it going. Fan the flames of the passion within you.   Matthew was asked to follow, and He did. You may have been designed by God in your makeup, time, position, etc., to follow Him in a particular way. So, get up and go!    As a bonus concerning tax collectors and what Matthew was brought out of, take time today to listen to Taxman by the Beatles. A couple thousand years after Matthew was brought out of his life of taxing others, people still write about what they think about this profession. If a taxman can be called by Jesus to do other, greater things, so can you.   Lord God, You have called sinners to come unto You through the precious shed blood of Christ. I'm a sinner! I responded on that glorious day. Now, help me to continue to follow closely beside You all my days. To Your glory, I pray. Amen.  

this weeks guests of the ea podcast features Jason Flores from the Northern Beaches pentecostal church in the north of Sydney!! Jason shares his story and journey but as well points out the point in his life why he chose to get rebaptised again in Jesus name! as well additional information Jason shares and overall his advice to those listening!! enjoy the podcast!!

This week, hosts Jim DeRogatis and Greg Kot interview guitarist and songwriter Mike Campbell of Tom Petty and the Heartbreakers. They talk about his new autobiography, working with Bob Dylan and his continued love for music.Join our Facebook Group: https://bit.ly/3sivr9TBecome a member on Patreon: https://bit.ly/3slWZvcSign up for our newsletter: https://bit.ly/3eEvRnGMake a donation via PayPal: https://bit.ly/3dmt9lUSend us a Voice Memo: Desktop: bit.ly/2RyD5Ah Mobile: sayhi.chat/soundops Featured Songs:Tom Petty, "Runnin' Down a Dream," Full Moon Fever, MCA, 1989The Beatles, "With A Little Help From My Friends," Sgt. Pepper's Lonely Hearts Club Band, Parlophone, 1967Tom Petty and the Heartbreakers, "Breakdown," Tom Petty and the Heartbreakers, Shelter, 1976Johnny Cash, "Folsom Prison Blues," Johnny Cash with His Hot and Blue Guitar!, Sun, 1957The Paul Butterfield Blues Band, "Born In Chicago," The Paul Butterfield Blues Band, Elektra, 1965Mudcrutch, "Scare Easy," Mudcrutch, Reprise, 2008Tom Petty and the Heartbreakers, "Refugee," Damn the Torpedoes, Backstreet, 1979Tom Petty and the Heartbreakers, "Here Comes My Girl," Damn the Torpedoes, Backstreet, 1979Tom Petty and the Heartbreakers, "Don't Do Me Like That," Damn the Torpedoes, Backstreet, 1979Tom Petty, "Free Fallin'," Full Moon Fever, MCA, 1989Tom Petty and the Heartbreakers, "Even the Losers," Damn the Torpedoes, Backstreet, 1979Tom Petty and the Heartbreakers, "A Woman In Love (It's Not Me)," Hard Promises, Backstreet, 1981The Beatles, "Taxman," Revolver, Parlophone, 1966Tom Petty, "I Won't Back Down," Full Moon Fever, MCA, 1989Tom Petty and the Heartbreakers, "American Girl," Tom Petty and the Heartbreakers, Shelter, 1976Common, "The Light," Like Water for Chocolate, MCA, 2000See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Let's talk about Trump the $6 trillion taxman....

Nashville SC's loss to FC Cincinnati ended their win streak, raising questions about Hany Mukhtar's penalty-taking role. Meanwhile, Josh Bauer continues to impress, netting goals in consecutive matches and igniting a spirited conversation about lineup changes and Nashville's midfield evolution.Join the DOPEST Nashville SC Supporters Group at mixtape615.comIn this episode of the Mixtape 615 Podcast, the crew recaps a tough but revealing loss for Nashville SC against FC Cincinnati. The match ended the team's three-game win streak and brought plenty to unpack—from missed penalties to emerging stars. At the center of the conversation is Hany Mukhtar's continued struggles from the spot, prompting a real discussion about whether it's time for a new PK taker. Could Josh Bauer, now with goals in back-to-back games, be an option?The fellas also shine a light on Bauer's resurgence, his current positioning at right back, and whether there's a better way to integrate him alongside standouts like Andy Najar. The midfield duo of Yazbek and the “Tax Man” gets high praise for their two-way presence, while the backline faces scrutiny amid concerns about defensive depth against high-powered offenses.Looking ahead, the crew hypes up the start of the Southern Championship Belt chase, with a key match vs Charlotte looming. They break down Charlotte's strengths, potential vulnerabilities, and whether Nashville's midfield and possession-heavy style can counteract their counterattacking threats. Plus, it's another fun round of “Play, Skip, Repeat” and predictions about what it'll take to reclaim the belt.#nashvillesc #nashville #mls

Vermont's new tax commissioner explains his approach to the job and how federal action could impact the Green Mountain State. Plus, Vermont's attorney general says  the president's voter registration plan would limit access to the polls, New England-based lawyers feel the heat from the U.S. Department of Justice as they challenge the Trump administration's immigration enforcement policies, drivers are urged to watch out for amphibians crossing roads during their annual spring migration, Waking Windows announces this year's lineup, and today is the last day for a ban on winter manure spreading.

You might listen to our interviews for big names, fun moments, and inspirational stories…today, it's just about robots beating the crap out of each other. Battlebots builder and engineer, Jonathan Schultz, talks about team Huge. We chat about the work and design of his machine, the ups and downs of battle, and the competition of killing another robot.   We also talk about a super shady tax man Scott visited years ago, and play a game that involves the worst robots in film and television history.  Have a listen!

[WEEKEND RECAP 03-30-25] "The Reckoning: Why I Don't Feel Bad for Democrats""I want them to feel it. Every ounce of it. The sleepless nights. The pit in your stomach when the bills pile up. The humiliation of begging for a job in a system they rigged against you. I want them to know what it's like to watch your hard-earned money—your sweat, your sacrifice—get funneled into some bloated bureaucracy that spits back in your face. And I don't feel guilty for saying it. Because this? This isn't revenge. This is justice."The Conservative Struggle: What They Never Had to Endure 1. The Taxman's Boot on Your Neck"Think about the last time you looked at your paycheck and saw how much they took. Not just taxes—no, the fees, the permits, the regulations designed to bleed you dry. You paid for this. Your money went to USAID, to ‘gender studies' grants in Pakistan, to ‘climate resilience' programs that built bike lanes in Brussels while your own roads crumbled. They took your dollars and used them to fund the very policies that undermine you—then called you a bigot if you complained."Become a supporter of this podcast: https://www.spreaker.com/podcast/the-kevin-jackson-show--2896352/support.

Eoin McGee, Personal Finance Expert

Lisa Sperow is the Executive Director of the Cal Poly Low Income Taxpayer Clinic. The clinic provides free representation to low-income taxpayers in disputes with the IRS. Many of the clinic's clients have nowhere else to seek help when they receive frightening notices from the IRS. It is even more alarming for taxpayers who do not speak English and who are completely unfamiliar with the process and documents necessary to respond to government claims, even if the claims are in error. As Lisa says, “this program helps ensure the fairness and integrity of the tax system by educating low-income taxpayers about their rights and responsibilities and by ensuring that their individual rights are protected.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wonder what other people talk about with their financial advisors? Well, we're going to discuss that this week here on the podcast, from a new survey of nearly 400 experienced advisors and what they see in their offices, and we're going to share that with Tony and see how that relates to and what he thinks about it, compared to his practice.   Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381   ----more---- Transcript:    Speaker 1: Ever wonder what other people talk about with their financial advisors? Well, we're going to discuss that this week here on the podcast, from a new survey of nearly 400 experienced advisors and what they see in their offices, and we're going to share that with Tony and see how that relates to and what he thinks about it, compared to his practice. Let's get into it here on Plan With The Tax Man. Hey, everybody, welcome into the podcast. Thanks for hanging out with Tony Mauro and myself, as we talk investing, finance, and retirement, and we're going to break down this new survey. Well, it's not new. It actually came out December of '24, Tony, but we're going to run through this from Financial Advisor Magazine. So they did this interesting survey, so I'm going to get your thoughts on this, and we'll break down some data and see what you think. How you doing, bud?   Tony Mauro: I've been doing good.   Speaker 1: Yeah?   Tony Mauro: Spring is here   Speaker 1: Yeah, baby,   Tony Mauro: As we're recording this, it's staying light a little longer. It's kind of nice.   Speaker 1: Yeah. I know, right? So, everybody's just constantly with the time change thing, "Keep it. Don't keep it. Keep it. Don't keep it." All I know is seven o'clock, it's still light outside, and I'm happy.   Tony Mauro: That's right. I like it. Yeah.   Speaker 1: And you and I were just chatting at the time we're taping this podcast. In my neck of the woods, it is quite warm today, so I am totally digging it, so hope everybody has a good day and a good week. And don't forget to subscribe to us on whatever podcasting app you like using, by the way. Apple or Spotify or whatever, you can just simply type in Plan With the Tax Man in the app, or of course you can find the information at yourplanningpros.com. All right, Tony. Are you familiar with Financial Advisor Magazine?   Tony Mauro: I read it regularly, so yeah, I'm familiar.   Speaker 1: Okay. Well, they've got this new survey in there, like I was saying earlier in the tease there. 400 experienced advisors revealed biggest concerns, challenges, things of that nature from their clients, and everybody had an average of 20 plus years in business, so these are folks that have been around for a little while, so they've seen some ups and downs, so I'm going to give you some data here. Let's just talk through it a little bit. So seeking out a financial professional. Advisors in the survey said about 52% of their clients are looking for financial advice when it comes to retirement strategies. The other 34%, I know that's not totally 100, but 34% said they were just looking for someone to build wealth with. So, does those numbers strike you as interesting at all?   Tony Mauro: For us, I'd say our numbers are a little more skewed towards most of our clients are coming to us for retirement planning. Whether they're in the accumulation stage, that would be the accumulation stage, but I mean, the distribution stage, obviously, they're already there, but most of our clients, I mean, 34% sounds high for just-   Speaker 1: For just for wealth, yeah.   Tony Mauro: ... Building wealth. We're just asking them, "Well, okay. If you want to build wealth, and the next question is for what?" Then, of course they always say retirement, so maybe I'm just beating that a little wrong.   Speaker 1: Right, right. Well, now, to be fair, this is a wide range of ages, so it's not just retirees only that answered these questions, so it could be some younger folks too, right? So, that would make sense if you're in your thirties or forties, and you're just looking for wealth building, but I think if you find yourself in a position where, even if you're in your forties or even in your early fifties, if you're not starting to feel the need to discuss other things than just the wealth building, are you maybe working with the right person, right?   Tony Mauro: That's correct, because as you get, especially in the forties and, of course, in the fifties, there's other questions about the end game, which is retirement, but there's many, many other things that we tend to ask them and they started thinking about some of these stuff, anything from taking social security, to healthcare costs, to long-term care costs, where they want to be and how do they feel about it? There is ways to protect yourself and do things, and then as long as we give them that information and we feel like we help them understand for some of these upcoming big decisions they've got to make.   Speaker 1: Yeah, like RMDs, right? I mean, they'll be coming down the pike. What are you going to do with them? What does it do to your taxable situation? All those little things that we talk about often here on the program, so interesting that, again, 52%, about half the people surveyed, were looking for someone with help for retirement planning, which is good. I think maybe those numbers should be a little bit higher, but again, depends on the age of the person answering. Now, we often hear about people are woefully under-prepared for their future life, their elderly selves, but in the survey, over half of the advisors said the average client they see has around $760,000 saved for retirement, so three quarters of a million bucks, that's not chump change, so that's kind of encouraging to hear that there's over half the people that come in to see financial pros like yourself, Tony, are in pretty good shape.   Tony Mauro: Yeah, they are. I mean, for us, I would say our assets average is probably around that, but I would say it's a little bit skewed on the top end, because some of our clients end up having a lot more than that. Normally though, if you take the bulk of our clients, have assets well below that. Mostly what we're seeing, again, we're here in Iowa, but anywhere from $100,000 to $400,000, $500,000 is what they have saved at the time we end up talking about it, but we are generating a lot of interest from young people that really don't have much, and they're just starting out in that wealth building stage, and we don't turn them away. We don't have minimums that we require for assets. We just try to set the expectations of, your planning is going to be a little different than somebody that might come, that has more, one, because of the complexity, and two, because of just that you don't need that much hands-on advice.   Speaker 1: And every demographic. I mean, there's different cities, different demographics, but I think just in general it's good to see that on average, again, people are a little bit better, in pretty good shape, and I think that's what winds up happening often, Tony, when people do come in to see financial pros like yourself, most of them come in, going, "I don't know if I have enough," or "I don't know if I can retire." Then, when the numbers are ran, more times than not, and I talk to advisors all across the country, hundreds of them, and they all say the same thing. More times than not, people are in better shape than they realize.   Tony Mauro: I think so. Depending on their situation, we find that too, when we start running the numbers is, depending on what your goals are, as long as they're not outlandish-   Speaker 1: Right, right.   Tony Mauro: ... You're better off than you think, especially when you put the numbers to it and explain it to them, because generally, nobody does. If they want to do more, then that's when the planning comes in.   Speaker 1: And a lot of people, I do think they feel like, "Well, I got to get to the million." We've talked about that millions of times, as it is, but depending on what your situation is, as a couple, maybe somebody's got a pension, maybe you've got a good numbers in social security, maybe a million doesn't need to happen. Maybe $700,000 does get it done or $500,000 or whatever, but on average, I think it's still pretty good encouraging to see that people's asset totals are a little bit better than I would've thought, so that's nice to see. Top concerns, check this out. Surveyed advisors say their top concern, no surprise here, Tony, 38% outliving their assets. That's always the top dog, right?   Tony Mauro: For us, yeah. Well, actually, for us, it's the second one here, the reliable income streams.   Speaker 1: Oh, really?   Tony Mauro: Yeah. Just for us. Then, it's outliving the assets, but those two are the top two by far.   Speaker 1: Well, it was 38% for outliving their assets. 31%, right? So, pretty close for the reliable income streams. I mean, they kind of go hand in hand, right?   Tony Mauro: They do, because whether you're young or in your forties or fifties, that's the most important thing, because it's the end game of, do you want to spend every cent of your retirement income? And if so, that's a crapshoot a little bit because, depending on what you do, you could outlive them, and then you could end up with not a whole lot, but most of our retirees want to make sure that their assets, they've worked so hard to accumulate, that they can get a reasonable income stream from them, and then it goes hand in hand with so they don't outlive their assets, because they want to live off the income mostly.   Speaker 1: Well, think about, we were just talking about the number, the pot of money, the $760,000 or the million or whatever you put your number at, and the big bucket pot is not as important as the income streams, right?   Tony Mauro: That's correct.   Speaker 1: So again, $500,000 might get it done if the income streams are there that you need, so if you're both got a pension, maybe both got good social security or something like that, then you probably don't need as much, again, back to that point.   Tony Mauro: Back to that point of it all working it together, which comes back to the financial plan and knowing what those numbers are. My wife just got her, here in Iowa they have IPERS, so guess it's the government funded pension, which she's been in for a long time. I went and ran my own numbers again the other day, just about, here's the number that she's going to have that's going to come in when she's X age, and then what I wanted to know was, "Well, I want the number that we both can't outlive," and then I factored that in with social security and what else we have and say, "Okay." I mean, it was just a quick math, because I do it all the time. We're still in good shape.   Speaker 1: Nice, nice.   Tony Mauro: We're going to hit our goals.   Speaker 1: Nice.   Tony Mauro: So, that's what the planning is all about, but most people don't have even that starting point, because they've never taken the time to figure it out, and I think that's where the planner can help out a lot.   Speaker 1: Yeah, I would agree. Yeah, definitely. Now, the next one on here, Tony, pretty interesting. Again, keep in mind this survey was done December of '24, but future stock market downturns was only 12.5% as a concern. Now, today, if that was done this week, that we're taping this podcast, it might be a little different; however, I do want to bring up at the time we're talking right this second, Tony, the market's been about down about 10%. You and I were just chatting about that at the time we're taping this podcast, but at the time, I just pulled it up while we're chatting, it's up right now 1% today on the news that the inflation numbers were a little bit better than expected.   They came in a little bit better, and it's funny because I was looking at the news articles. Just type in S&P 500, and you get the immediate news responses, right? And this morning it was all the sky is falling doom and gloom. Here, this afternoon, and this is just after one o'clock. We're taping this eastern time, and the inflation numbers came out, and now all the news stories are, "Outlook, much better. Market wraps. Three things that could spark a quick recovery." All the news is positive, so you got to be really careful with that stuff, right? Because they're just in it to kind of capitalize on whatever the thing at that moment happens to be.   Tony Mauro: It is. With the news, as fast as it comes out, that's exactly what it is. Really, a lot of this, of course, we try to explain to our clients, take the long-term view. This is very short-term.   Speaker 1: Yeah. 10% is a normal correction. If that's all it winds up being, right? That's not a big deal in the grand scheme, right?   Tony Mauro: It is, and I just sent out, basically, a chart that I just got out of one of the research magazines, and you've probably seen them before, but I just sent it out to all of our clients, just the old cost of timing the market, and they have a chart, January of 3 to now, "You just invested $10,000 and just left it in a S&P 500 ETF. You would have $64,000, and now if you missed the 60 best days in all those 10 years, you would actually have lost money and only have $4,205," so-   Speaker 1: It is a long-term proposition, right?   Tony Mauro: It's a long-term proposition. You miss the 10 best days, and you only have $29,000, so you can't afford to try to say, "The market's coming to an end. Let's get out. Let's go all to cash." In my opinion. We tend to try to keep clients focused on that long-term goal, because short-term Fluctuations are just part of it.   Speaker 1: Yeah. Not to get too political or get off on a tazza, but I feel like sometimes we kind of give people a little bit of both sides of the coin. I was just watching somebody talking, who typically they're slant when they're interviewing or they're asking questions is typically right leaning, but they decided to kind of jump on the market downturn and said, "Hey, listen. With a lot of the layoffs that are happening in the government, people are obviously concerned about retirement, and now the market's been falling. It's kind of hard to factor in, kind of feel confident that you could even retire."   They took it from that angle for people being laid off, and it just occurred to me, through all the years of talking with you, and it's like if people being laid off today are worried about the stock market, like this week, they probably didn't have a good strategy in place, because typically your market monies are your later monies, right? So, if you're thinking about early retirement, and this was the conversation piece, was the early retirement buyout, should that be a factor, Tony? Should the market monies be a factor if you're thinking about an early retirement buyout? Because it's still going to be later money. God willing, you're going to be retired for 20 or 30 years, right?   Tony Mauro: It is, and I think you have to keep that retirement type money in that mindset. There's a lot of people. Obviously, it's getting a lot of news in the federal government.   Speaker 1: Sure, and nobody likes it when it goes down. I get it. Right.   Tony Mauro: And nobody likes to see people in masse losing their jobs, let alone in the private sector, but the bad part is it's part of life, and we have to kind of wait and see how all this is going to shake out. It's kind of only been going on for, what? 2, 3 months here?   Speaker 1: 30, 40 days. Yeah.   Tony Mauro: Yeah, and so we just have to kind of wait and see, and hopefully, at the government level, if things get to a point, they've got the mechanisms in place to help turn it around. That's what they're all they're, supposed to be doing.   Speaker 1: Right, and I guess my stance on that was, really my question more was I think people, sometimes it's when we have downturns, we immediately focus on the negative.   Tony Mauro: Oh, yeah.   Speaker 1: And again, it's a human reaction, because nobody likes to see it go down, but if you have a plan and a strategy in place, you do realize that these are your later monies. It's a little easier not to completely freak out, right? At least hopefully, and again, 10% is a normal correction. Now, we don't know if this is the end. We don't know if it'll continue to drop or not at the time we're taping this, but it's just simply pump the brakes a little bit and realize that we were super over-weighted anyway, so some kind of correction was due anyhow.   Tony Mauro: It was, and you look at most individual company stocks, valuations were really high.   Speaker 1: They're all high, all the PEIs are high.   Tony Mauro: Oh, boy.   Speaker 1: And tech, really. Tech was really bad.   Tony Mauro: Really bad, and if you're in mutual funds, and that's their objective to go buy those, they're buying these at high valuations, and all this stuff kind of comes into play. But I agree with you. I think that this is all the more reason to have a plan, number one, and keep an eye on it, mark, watch it, and work with your advisor.   Speaker 1: Sure. Yeah. If you need to de-risk a little bit, hey, nothing wrong with that, right?   Tony Mauro: Yeah, no.   Speaker 1: But we've also been saying that for a while now. I mean, you're talking about the S&P. That's usually the average. That's the index that people cut and your industry use. The all time, 52-week high was at 6,100, and it's at 56 and some change right now. So, again, it's only about 500 points off of that. So again, not a massive downturn, but it's all about perspective and maybe peeling some risk off, which again, a lot of advisors have been saying for a while now, "Hey, the market's been up 22 plus percent the last number of years. Maybe it's time to take a little bit off the top there, just to kind of think about that."   Tony Mauro: Right.   Speaker 1: So, anyway, I won't beat that horse any longer. We'll move on. Healthcare costs was only an 8.5% as a top client concern, Tony. 8.5% on a healthcare cost; however, the advisors, themselves, feel like it should be more like 50% of their perspective client base should be thinking about healthcare costs. What do you think about that?   Tony Mauro: I think, for me, most of our clients that we work with are really concerned about healthcare costs and what it's going to be when they retire, and I think many clients, my older clients are starting and they think about it in their fifties, but I think even the young, which are not thinking about it, and they're still in the accumulation stage, should at least make that part of their plan as that boogie man, so to speak, is out there, from what we know today and make sure that you're factoring that in. But yeah, some of these costs are, as we always say, nothing goes down, but it seems like healthcare costs, and of course cost of education seem to go up way more.   Speaker 1: They always stay up. Yeah.   Tony Mauro: And so, I think it's a big concern, because you got to factor that in when you get off your company's healthcare plan or whatever you've got, and you've got to make it work. It seems like most of these people, like my dad included, who's now 83, boy, he uses the healthcare system a lot, because he's constantly at the doctor.   Speaker 1: For sure, and if you're not having the conversation, only eight and a half percent find it to be a top concern, then you could be setting yourself up for some heartache a little later on when an incident does happen, or if not to you, to your spouse, right? Because that's oftentimes what happens when we talk with advisors, is they don't get a plan together, especially for long-term care. One half of the relationship gets nailed with it, and the other half winds up suffering at the end, right? So got to have a strategy. You at least got to be talking about it. I know it's no fun.   Tony Mauro: At least talking. Yeah.   Speaker 1: Yeah. I know it's no fun, but you at least got to start putting some things together in that grouping. One more thing here, and then we'll wrap it up this week on the podcast for this, Tony, but working in retirement. According to the survey, excuse me, an average of 63% of clients surveyed that are age 55 or older, plan to work beyond age 65. They plan to work into their seventies. Interesting, right? So, 63%, more than half, want to work or are going to work past 70.   Now, the reasons are not necessarily because they were panicked about the market, because again, this was done last year, the December of last year, but I think there was two main things that stuck out. They felt like they didn't know if they had enough to totally feel comfortable retiring. 48% of those clients felt that their savings maybe weren't quite enough to live on, and the other 40% said, "Well, they were doing it for the health insurance," to our point a second ago. So this is where, again, a plan and the strategy's got to come into play, get the numbers ran, so you can even find out where you stand.   Tony Mauro: Yeah, because if you don't, then you are really just grasping at straws there, and you're just hoping that it works out.   Speaker 1: And you want to keep working, but what if your body goes new?   Tony Mauro: Yeah, your body goes new. And then, I would say, for us, probably on average, our percentage of clients, 55 to 65 that say they want to work for us, I would say it's probably around 35, 40%, but our clients that are 65 and older, our average is well above this 30% that are actually still working. Ours is probably closer to about 45%, but it's because they want to. They have a plan.   Speaker 1: Which is totally great, yeah.   Tony Mauro: And they just want to get out of the house.   Speaker 1: Sure.   Tony Mauro: So, they actually love it. They don't have to work for the money. They just want to do something and just stay involved in the world a little bit.   Speaker 1: Right, and I think that's where we want to be, right? That's where we'd like to be, having that work optional decision, but I think finding out that a lot of people are doing it for the health insurance coverage, certainly a little daunting there to think about, or they just don't know that their numbers are good enough to retire, like we started out with.   Tony Mauro: Yeah. I always wonder, when I see an older retiree working somewhere, if they're there because they want to or they have to, especially if they're at somewhere where you'd see, I don't know, maybe an extreme example in maybe the fast food industry.   Speaker 1: More physically demanding job? Yeah.   Tony Mauro: Yeah, yeah. More physically demanding. It's like maybe you just always wanted to do this, and just have no stress and just wanted to get out of the house, or are you really working because you have to?   Speaker 1: Now, that's an interesting point. Now, I've got a friend of mine who retired from a very stressful, big corporate position, managing a lot of people, so on and so forth, and he took a job at a supermarket, stocking the shelves, right? Literally, goes in, six o'clock in the morning, something like that. Works for four hours a day. They grab the baskets of stuff he needs to refill, and he goes out and stocks the shelves, and he said, "Dude, I am so happy. I don't have to manage anyone. No one's reporting to me. I know what I'm supposed to do. They trust me to just grab my stuff and do it."   I said, "But it sounds like such a," sometimes we have this stigma. It's like, "Oh. He must be working stocking shelves because he has to, because he's in his late sixties."   Tony Mauro: Right, right.   Speaker 1: And it's like, no, he's doing it because it gets him out of the house. He's like, "For me, the menial tasks helps me free my mind up," because he didn't have to think. He just does, so everybody's got their thing, right? It's like, don't judge somebody, just because you see them doing something.   Tony Mauro: Absolutely not, yeah. That's why I always want to ask them, because I don't want to judge them, but from what I hear from our clients, those types of work, which is most of the clients that I have, that's what they do is that kind of stuff. It is just menial stuff, because the one on one thing is I don't want a lot of pressure, I don't want to have to think.   Speaker 1: Right.   Tony Mauro: I just want to get out, do something, feel like I'm contributing, and talk to people.   Speaker 1: Your body gets to move. He gets to talk to people. Yeah.   Tony Mauro: And they enjoy it. The same type of retiree, he drives for the shuttle at my car dealer, and he absolutely loves it. He's like 78. He works for about five hours a day. He drives people around and talks to them, and he goes home. He loves it.   Speaker 1: No stress, no fuss, no muss, right?   Tony Mauro: Nope, nope.   Speaker 1: So yeah, so interesting stuff in today's conversation around this survey done from Financial Advisor Magazine. We'll put a link into it in the show descriptions if you'd like to check it out for yourself. That way, you can read the online survey as well, but at the end of the day, Tony, you just got to see what it is that you have and what it is that you need for your situation, because everybody's situation is different. Tony's is different than mine, and mine's different than yours, and so on and so forth, right? So, get yourself onto the calendar folks. Have a conversation with Tony at Yourplanningpros.com. That is Yourplanningpros.com. He's got more than 30 years of experience helping folks. He's a CPA, CFP, and an EA. He's got all the credentials there. So if you've got some questions, reach out to him and get started today. Don't forget to subscribe to us on Plan With the Taxman. I know we went a little long this week. Thank you for your time, folks. We always appreciate it. Tony, my friend, have yourself a great week.   Tony Mauro: All right. We'll see you next time. Thanks.   Speaker 1: Yes, sir. We'll see you next time here on the podcast. We'll catch you later here on Plan With the Tax Man with Tony Mauro.   Securities offered through Avantax Investment Services SM, member FINRA, SIPC. Investment advisory services offered through Avantax Advisory Services. Insurance services offered through an Avantax affiliated insurance agency. Investment strategies discussed in this episode may not be suitable for all investors. Please consult with a financial professional.

The Moneywise Radio Show and Podcast Tuesday, March 11th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Management instagram: MoneywiseWealthManagement Guest: John Duffield, CPA/MST website: www.bakersfieldaccountants.com/ phone: 661-488-7000

In part two of Red Eye Radio with Gary McNamara and Eric Harley, DOGE blows the lid off a massive number of loans granted to children under the age of 11 prompting discussion of taxes and tariffs etc. Also education and a Wall Street Journal article on trade schools and skill based learning. For more talk on the issues that matter to you, listen on radio stations across America Monday-Friday 12am-5am CT (1am-6am ET and 10pm-3am PT), download the RED EYE RADIO SHOW app, asking your smart speaker, or listening at RedEyeRadioShow.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Check out the twitch channel: http://twitch.tv/magicmics Visit our subreddit: http://www.reddit.com/r/magicmics Follow us on Twitter: http://twitter.com/magicmicscast Like us on Facebook: http://facebook.com/magicmics Co-Sponsors: https://www.manatraders.com/ (use code MAGICMICS_08V)   First Pick   MagicCon Chicago Wrap-Up   Gather the Townsfolk   Spider-Man Roundup First Day of Toy Fair: https://bsky.app/profile/kesswylie.bsky.social/post/3ljefhicesk2y Retiring the UB Frame: https://www.reddit.com/r/magicTCG/comments/1j1b6pl/retiring_the_universes_beyond_frame/ Collecting Spider-Man: https://magic.wizards.com/en/news/feature/collecting-marvels-spider-man   Maro Affirms Diversity Efforts: https://www.polygon.com/mtg-magic-the-gathering/529744/mtg-mark-rosewater-dei-statement-magiccon-2025   Battle of Wits at China RC: https://bsky.app/profile/frankkarsten.bsky.social/post/3ljgedysqtc2g As we move on to Desperate Ravings.   Desperate Ravings   Arena Direct Boxes and Tax Season: https://x.com/DJeffMTG/status/1895739392955965794   PleasantKenobi on FF Collector Box Prices: https://bsky.app/profile/pleasantkenobi.bsky.social/post/3ljgbvoc7y22m Splash Damage   Monopoly Movie: https://deadline.com/2025/03/monopoly-movie-lionsgate-luckychap-john-francis-daley-jonathan-goldstein-1236311872/   The Finisher   Potato Head Beholder: https://www.allspark.com/home/threads/d-d-icons-of-the-realms-potato-head-beholder-revealed.3343/ We have a surprising reveal from the GAMA Expo: WizKids is adding a Potato Head Beholder to their D&D Icons of the Realms miniature collection. Scaled to fit a D&D size, the set comes with eye stalks, rays, a big ol' central eyeball, and then all the other Potato Head fixin's. So tell me: what other toy icons are you hoping to see in your next D&D game?  

Looking for help this tax season? The Friends Talk Money team welcomes IRS spokesperson Eric Smith to discuss important tax changes and tax planning strategies. As a trusted tax accountant for the IRS, Eric breaks down the difference between tax credits and deductions, and shares valuable insights into new tools ‘direct file' and ‘free file' and other crucial matters that could affect your finances. Listen for more informative tips on how you should navigate the complex world of taxes!

David Hankins was a “Writers of the Future Volume 39” winner in 2023 with his short story “Death and the Taxman.” In this interview, we discuss science fiction comedy vs. satire and its value to the overall genre. He has since gone on to create a series based on his short story. The first was appropriately titled “Death and the Taxman,” and the second, now releasing, “Death and the Dragon.” He was a guest earlier as a winner and you can hear him in episodes 238 and 239 with fellow winners following the awards gala. Learn more about David at davidhankins.com/

My guest today is an interesting individual who chose a unique occupation! Terrell Abernathy is the Putnam County Tax Commissioner; better know as the Tax Man! There is no escape from paying taxes… death and taxes, as they say…but what goes on during the entire process? We will talk about how it works, how the tax bill is created, collected and what happens when someone doesn't pay their tax. Before Terrell became the Tax Man, he was in law enforcement. That path is an interesting story of itself, and you will enjoy the journey and the pivotal moment when he knew that was the direction he wanted to go. You will definitely enjoy the stories he shares during that time of his life! He will provide some insights, stories and lessons learned along the way, in his own unique way, with a touch of dry humor! Guest: Terrell Abernathy https://putnamgatax.com/#/ Sponsors: Tim Broyles State Farm; ProSouth Electric; IV Wellness Solutions https://mydowntownagency.com/ https://www.prosouthelectric.com/ https://www.ivwellnesssolutions.org/ https://reynoldscommunityradio.com/

My guest today is an interesting individual who chose a unique occupation! Terrell Abernathy is the Putnam County Tax Commissioner; better know as the Tax Man! There is no escape from paying taxes… death and taxes, as they say…but what goes on during the entire process? We will talk about how it works, how the tax bill is created, collected and what happens when someone doesn't pay their tax. Before Terrell became the Tax Man, he was in law enforcement. That path is an interesting story of itself, and you will enjoy the journey and the pivotal moment when he knew that was the direction he wanted to go. You will definitely enjoy the stories he shares during that time of his life! He will provide some insights, stories and lessons learned along the way, in his own unique way, with a touch of dry humor! Guest: Terrell Abernathy https://putnamgatax.com/#/ Sponsors: Tim Broyles State Farm; ProSouth Electric; IV Wellness Solutions https://mydowntownagency.com/ https://www.prosouthelectric.com/ https://www.ivwellnesssolutions.org/ https://reynoldscommunityradio.com/

David Hankins was a “Writers of the Future Volume 39” winner in 2023 with his short story “Death and the Taxman.” In this interview, we discuss science fiction comedy vs. satire and its value to the overall genre. He has since gone on to create a series based on his short story. The first was appropriately titled “Death and the Taxman,” and the second, now releasing, “Death and the Dragon.” He was a guest earlier as a winner and you can hear him in episodes 238 and 239 with fellow winners following the awards gala. Learn more about David at davidhankins.com/

No one wants to pay more tax than they need to, and no one wants to get in trouble with the tax man, so today Ken Raiss and I interview Rob Thompson, Assistant Commissioner of Taxation, who has a front-row seat to the intricacies of our tax system, and he's here to help unpack some of the complexities that property investors like you often face.  Today we'll be discussing      The ATO's data matching program for property investors      The tax gap of $1.2 billion and why it's relevant to rental property investors      PAYG instalments      The difference between deductible repair expenses, initial repairs and improvements and      The ATO's new borrowing expenses calculator (this can be something we plug in the podcast and include links and more information in the show notes).      How to Pay As You Go instalments help manage tax bills throughout the year.      Understanding your tax obligations to avoid mistakes.      Treating your property investments like a business, not a hobby.  Chapters  04:09 The Importance of Data Matching and Compliance  07:05 Navigating Property Management Data  09:45 Distinguishing Between Repairs and Capital Improvements  12:19 Initial Repairs vs. Ongoing Maintenance  15:15 Understanding Depreciating Assets and Their Claims  18:17 Managing Interest Expenses and Tax Gaps  21:26 Claiming Borrowing Expenses Effectively  24:14 PAYG Installments for Property Investors  26:04 Final Thoughts on Tax Obligations and Compliance  32:21 The Value of Struggle in Success  Links and Resources:   Michael Yardney   Ken Raiss – Director Metropole Wealth Advisory  Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us       Tax time toolkit for investors: ato.gov.au/Investorstoolkit      Rental properties guide: ato.gov.au/rentalsguide       Rental video series: ato.gov.au/Rentalvideos      Tax statistics: ato.gov.au/taxstats   Get a bundle of free reports and eBooks – www.PodcastBonus.com.au       Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for  Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.   Shownotes plus more here: The Tax Man Knows More About Your Property Investments Than You Think – Assistant Taxation Commissioner Rob Thompson

What do George Harrison and Big Worm from the movie Friday have in common? Messing with their money is like messing with their emotions. But Big Perm, I mean Big Worm, doesn't write banging rock tunes about it. George's "Taxman," the lead off track on Revolver, finds the guitarist squaring off against the greedy hand of the man for taking 98% (NINETY EIGHT) percent of the Beatles income, income they'd actually (unlike so many millionaires and billionaires) worked INCREDIBLY hard to achieve. It's a fantastically sardonic lyric, with a brilliant performance by the band (Paul's basically inventing psychedelic bass parts here while also providing a ripping guitar solo). It sets the tone for Revolver by moving away from the romantic theme of so many of their songs, into a new, cool, and darker world. Joining us this week is the wonderful Vinyl Benjy! If you're on social media and follow music accounts or record accounts, the odds are high you've seen his smiling, pleasant self showcasing records and cool trivia about them. His record collection is swoonworthy, and the dude knows his stuff! We talk about the joys of record collecting, the importance of chap stick, George's financial gripes, and Julia's got a real spicy hot take for us! Check Benjy out on Instagram @vinylbenjy and TikTok @vinylbenjy! What do you think about "Taxman" at 79? Too high? Too low? Let us know in the comments on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠find us now on Bluesky!⁠⁠⁠⁠ Be sure to check out ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rankingthebeatles.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and grab a Rank Your Own Beatles poster, some of our new Revolver-themed merch, a shirt, a jumper, whatever you like! And if you're digging what we do, don't forget to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buy Us A Coffee⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠! --- Support this podcast: https://podcasters.spotify.com/pod/show/rankingthebeatles/support

This week, Sant kicks things off with a story about Taco Bell's false advertising—how do you not have breakfast when the sign says you do?

Amy King hosts your Thursday Wake Up Call. ABC News national correspondent Steven Portnoy starts the show talking about Christopher Wray announcing his resignation as Director of the FBI. ABC News crime and terrorism analyst Brad Garrett speaks on the radicalization of Luigi Mangione, FBI Director resigning, and the concern about his replacement. Amy takes us ‘Out and About' for a Southern California Sleigh ride to the Los Angeles Christmas Market and speaks with Queenie Quan with their marketing team. The show closes with ABC News national reporter Jim Ryan talking about tax season rapidly approaching and preparing your 2024 return.

0:25-Introductions 2:20-Raffle winner announced 3:25-West Side Bird Adventure 5:58-Juice makes a friend 7:40-Bird and Juice beach adventure 10:45-Intermission 11:40-Ruined moment 14:46-Boarding the ship 18:22-Sneaking alcohol on ship 20:26-Intermission 20:51-Dance off accident 23:40-Soul-glow couch 25:25-Shopping 27:19-Shots 31:09-Bruno can gamble 32:43-Disabled Tax-Man 35:40-Mama-juana 37:09-Intermission 37:37-Mark of the beast 38:08-Tax-Man and scooter races 40:41-Bird fight 44:45-Elevator dance 46:51-Recover from trip 48:14-Announcement 48:28-Happy Birthday JuiceFollow the Podcast: YouTube: What Can Go Wrong Podcast Instagram: WhatCanGoWrongPodcast TikTok: WhatCanGoWrongPodcast Snapchat: wcgwcast Twitter: @wcgwcast Follow the Co-Host: Instagram: Lodo_Watcher TikTok: Lodo_Watcher

Vermonters sound off on tax increases, fearing the cost of living here could force them to move out of state. Plus, two state shelters for unhoused families are expected to open tomorrow, Burlington will study its local syringe exchange program amid reports of discarded needles in public, three people are arrested in connection with the alleged abduction of a Vermonter in the Philippines, and a committee studies whether Vermont should establish regional governments to help with emergency services and applications for federal funds.