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Summer's here. And somewhere between the excitement of planning a big trip and the anxiety of what it costs, a lot of retirees end up doing something that surprises us… they feel guilty about it. They worked hard, they saved, they planned for decades, and then they second-guess a beach vacation. Today, let's talk about how travel fits into a real retirement plan and how to enjoy it without guilt. Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381 ----more---- Transcript: Marc: Summer's here and somewhere between the excitement of planning a big trip and the anxiety of what it costs, a lot of retirees end up doing something that surprises many. They feel guilty about it. So today let's talk about how travel fits into a real retirement strategy and how to enjoy it without all that guilt. Hey everybody, welcome into the podcast. It's another edition of Plan with the Tax Man. Tony and I are back for more content as we talk about investing finance and retirement. And we are going to talk about, again, that guilt-free vacation, planning, strategizing ahead of time so that you can enjoy some of the things that you really worked towards in your retirement years. And Tony, this works out well because you've had a bit of travel yourself, took a couple of vacations. And how you doing, my friend? Tony: I'm doing wonderful. Yeah, I'm back from vacations and I like this topic because it is as people get closer to retirement, I think about a lot of these things too, so I'm anxious to talk about it. Marc: Well, I think a lot of people have heard and probably know and admit, Tony, that most people will spend more time planning a vacation than they do their retirement. That's pretty common in this field. But when you're thinking about what you guys do, strategizing, putting these plans together, when you're building those out for people, is travel and vacation something that actually makes it into the plan? I know some advisors do, some don't. I feel like it's something that you've got to take into account and be budgeting for. And I'm sure that you guys do. What are some reasons why and how does that help the end user? Tony: Yeah. For a lot of our clients, it's one of the first questions I asked when we get to the point of, okay, what do you want to do in retirement? And if I don't hear, I mean, for a lot of people they say, "Well, I want to travel." But then we try to get a lot more specific with that. But if I don't hear it, I'll ask it. But what a lot of people do is the ones that don't think about it, they plan for everything else and they don't really plan for fun because once we get through everything, it's like, okay, what do you want to do that's fun? Because that's the whole reason for retiring and enjoying the last part of the game of your life. And so that's one thing I ask them and see if travel comes in there. And I think some people, they feel like they've never traveled a lot in their life so they don't feel like,... They want to do it, but they don't feel almost like they're worthy of it, like they haven't earned it yet, which I think is a mistake because obviously you have. And if they haven't planned for it, a lot of times then it gets kind of stressful and that's what leads us to, well, let's start planning for it. I mean, everybody's got different budgets and different thoughts about what their travel is. So what's great for me is not going to be great for a client or somebody else, but they just need to get it in their plan and obviously we can throw it out later or we can massage it, do whatever we want. But I definitely think that if it's important to them, we got to get it detailed. Marc: Well, and I think that some people probably seeing it on paper in their plan makes them feel like, "Okay, yes, I can spend this." Because like you said, they're so busy thinking, "Do I have enough to survive? Do I have enough to live on? Am I going to run out of money?" The classic things there. And it's like, no. And even with the vacation spending in your plan, you're not going to run out of money. I think that gives people that ability to do that more guilt-free. Tony: Absolutely. That does. And once they know that, yeah, they can ease up a little bit and feel a little more calm about talking about it and actually trying to plan something. It's fun to see when people haven't traveled a lot and they get to do some stuff that they never dreamt they would do. Marc: And I imagine that budget would change over the years. Like maybe you're budgeting 20,000 or 25,000 over the early couple years and then that tapers down a little bit because I'm assuming that there's a natural rhythm to how retirees spend. And we've all heard the terms about the go go and so like that. So obviously early on, most people are probably wanting to do more because A, free from work, I'm free from the time clock. But also B, I'm feeling good enough to go do it. Tony: Yes. And I used to think that too. I used to think that my retirement was going to be just the same from the beginning till the day you die. And as I've watched people over the years, that's so far from the truth because you're exactly right. Most of the time, as soon as people retire, they want to hit the travel and hit the stuff on the big bucket list as soon as they can for the reasons you mentioned. And then we see about 75-ish and beyond, things slow down. Your body isn't moving quite as fast. The mind isn't working quite as fast. And so they don't want to be so far from home in case something happens. And so it really starts to slow down. And then you get over most of the clients I see anyway, over 80, 82 years old, it's really gone to where those days are over. It's really just visiting family and trying to stay closer to home. So your travel budget does, it starts out high and then it starts going down, which even I think is more of a comfort to people to get them to take and do things while they're a little bit younger in retirement because you're not going to do this forever. Marc: Right, right. Yeah. And everybody, again, situation is going to be a little bit different. I imagine you often have to, and we've talked about this many times in other aspects of the retirement strategies, you have to put on that therapy hat, for lack of a better term, because I imagine there's many couples that don't see eye to eye on travel spending, right? Tony: There's a lot. Yeah. Marc: You got to balance some of that. What are some things to think about there? Tony: Well, generally, if we're on that page and somebody they can't come to an agreement, we definitely try to talk it out with both spouses usually and let them know that they are going to have the money to do it. Now, if there's some other reason that they don't want to go, then we can get that out in the open. But really we just try to convince them that you are going to have the money and you don't have to worry about that. Now, if you're averse to travel planes or something like that, I can't really help them with that, but it's really not the trip itself. It's just really kind of talking through, seeing on paper, reassuring them that, "Hey, this is able to be done." And see what they do. Sometimes they compromise, sometimes they don't. It's kind of funny to watch, but it's kind of interesting. I only had one couple where, and that's a real trouble where one of the spouses, she just didn't want to travel at all. I mean, it doesn't matter what the other spouse or I said. They had plenty of money and so he ended up kind of doing some things by himself and she was okay with it, but that was a rare instance. Most of the time they come up with something. Marc: Yeah. And again, how you've lived leading into that, my wife travels a lot for work so I know that she's going to want to do a little less than... And I don't travel. I don't leave the house at all very much because I can work from my home. So like a lot of people have done, so I imagine that adds an interesting dynamic too where one wants to go, one doesn't want to go. So you got to kind of find that balance. One wants to spend, one doesn't want to spend. So finding that balance. And a good way of thinking about this, Tony, is the plan itself might become the referee, right? Because then when it's in the plan and it's structured out and you go, look, you can see it. And then it maybe diffuses some of those arguments. Tony: It does. Yeah. Because once that time period comes up in the plan, everybody's ready for it. There's not any real surprises and they know they have the money. And yeah, it does ease the stress of it again. Marc: The tensions a little bit. Yeah. Yeah. Do most people think far enough ahead when it comes to planning for travel? I mean, I imagine most don't, right? I mean, there might be somebody who's a bit of a big planner, "Hey, I want to take this really big family trip three or four or five years out." But I imagine most people probably don't do that. Tony: They don't. I see this so often that they want to travel and then it's like, well, let's do something in six months. And then, okay, you could do that, but I think you need to focus on, especially in retirement, come up with a plan. I get a friend of mine because he always laughs at me because I do plan three, four, five years out even now for travel. I've got it already down for the next four years. At least what we think we want to do, obviously you can change it. Marc: Yeah, but it gives you time to kind of build in the funds and kind of see what you're going to do. I mean, things pop up like a popup wedding destination or something like that, sure, but a little bit of structure could help. Tony: It certainly can help. And I tell you, the shorter term planning, to me, I don't like surprises and most people don't. And I think some of that time leads to surprises, if you will, in stuff you didn't think about. And for me, I don't really care about that or I shouldn't say that I don't care about it. I don't care to think about it like that. And I don't know, for me, I try to get them to plan, let's just put a big picture out there, let's put it on a piece of paper. It's just garbage anyway, you don't have to do it and let's see what happens. Marc: I'd imagine you could also, maybe for the saver in the situation to our prior point, you could kind of say, "Hey, look, by doing this ahead of time as well, well ahead in advance, we could probably save some money because I mean think about the closer you get to a timeframe, the more the airfare goes up." So if you book something like two years out, it's going to be much cheaper, I would assume. Tony: It'd be much cheaper. Especially if you're doing tours and things across the continents and whatnot, they always have things that go on sales, you got to keep your eyes open so at least have the plan so if something you want to do pops up, you can save some money, you can get on or at least put a deposit down. Marc: Yeah. Yeah. And it got me thinking a minute ago when we were talking about the first point, you mentioned something about sometimes people get worried as they're aging, something might happen when they're traveling. And so I was going to ask you, what are some travel costs that tend to catch people off guard? That's a fantastic one. I mean healthcare, right? Medicare doesn't... Most people don't realize this, but it's not like Medicare follows you wherever you go. Tony: It doesn't follow you where you go and I think that's a big issue as people get older and older is they're worried about something happening when they're on vacation. I typically recommend some sort of travel insurance. I personally use a policy that I renew every year, just like my auto and home. Marc: So you've seen that be very, very helpful then? Tony: Extremely helpful. And if you're traveling a lot, it's a lot less expensive to just do the yearly policy than one by one because I think they overprice those a little bit. I've got a 24-hour line and I don't feel if something happened abroad, they're going to ship me home right away, but that's something to plan into the plan, number one, because if you do have something bad happen, which I had a friend who got sick down in Cabo and it was life-threatening and she was not able to get back. She almost died down there and it's just a mess and just a mess and then it ended up costing them a fortune to get her out of there. And if she just would have had travel insurance, that would have solved all of that. I think that's one issue. The other issue is, and I try to budget this even when we go on our trips is how much are we going to spend when we're there because you know you're going to do something. Marc: And then double it. Tony: Yeah. And then add some percentage points because stuff comes up that you see that you want or go to some... Whatever it's a show or something else. So that has to be planned in. And then other than that, really, as I age, now that I have my first grandchild, I'm longing for the years where I can go somewhere in the winter, maybe she can come visit me. And obviously I'll pay for that, so that has to be factored in as well. So all that kind of thing I think are some of the hidden costs people don't think about unless they're having some talks. Marc: Yeah. No, that's some good thoughts right there. Yeah, I mean things can always get... And it's not even just like the spending that gets more when you go someplace, taking in a show or some bigger items. The little stuff will nickel and dime you to death too. I was talking with somebody a couple years ago and they text me and they're like, "Worst mistake ever at a Hawaii resort, no sunscreen, had to buy it from the resort." And he was like, "It was like 40 bucks for like this bottle of sunscreen." He's like, "You've got to be kidding me." But they got you. They've got you by the you know what, right? You're not going anywhere. Tony: Oh, you do. Marc: You spend the money, right? So little things like that can just sneak up and granted, not that 40 bucks should make or break a trip, but it's just the idea that everything can get out of control if you're not careful. Tony: It is. When I was just on vacation and we went to France and I'd been there before and so I knew this, but the first time I went, I was unaware. This time I was a little more prepared because what they don't do is when you're tipping them, they don't put it on the credit card like we do here. And so I had euros. I usually don't travel with a lot of cash. I think that's a whole nother topic, but I did have some euros because I wanted to be able to tip in the way they wanted it and it's just again, one of those little things that make it a little less stressful. Marc: Yeah, that's a good point. And circling back real fast, we're going to wrap it up here, but another little thing I think when you're talking about the getting out and doing things and traveling while you're still feeling good enough to do it, especially if you're thinking about doing some of those countries and some of the European stuff like you were just talking about, it's a lot more walking than I think people realize and there's no AC and not the AC anyway like there is here. Tony: It doesn't work quite the same. Yeah. Marc: It doesn't work quite the same. So keep that in mind. Yeah. Tony: There's all kinds of loads of little weird things you could talk about. Yeah. It's just different cultures and so it would behoove you to learn a little bit about that just so you're not shocked with different ways people live. Marc: I can't tell you that how many times I've talked to somebody who's gone to like Italy or something in the summer and they're like, "Oh my God, there's no AC." And it's not like they don't have it, but they don't have it everywhere like we do, right? Tony: No, and then they're used to it. So it doesn't bother them. Marc: Exactly. That's the point, right? So anyway, so look, you didn't save for decades so you could sit at home and do nothing unless that was the plan. And if that's what you want to do, then that's okay too. But a good plan for travel makes things a little easier, a little more worthwhile, saves maybe some arguments and some headaches. So make sure you're talking with your advisor about putting that and strategizing that into your overall plan because I think that, again, seeing it in black and white gives people the freedom to feel like, "Hey, I can do this comfortably without the guilt." It serves as that good referee between you and the significant other so you're not jaw-jacking back and forth and making each other mad about piddly things. So it just kind of comes down to just put it in the plan, strategize it out and work with your advisor on doing that. Get a little ahead of the game and I think that'll serve you very well. So thanks for hanging out with us here this week on Plan with the Tax Man with Tony Morrow. Of course his team's here to help you if you need that help, yourplanningpros.com is where you can find them online, yourplanningpros.com. Again, your planningpros.com. Subscribe to the podcast on Apple or Spotify or whatever app you enjoy using. This is Plan With the Tax Man with Tony Morrow. Tony, my friend, I'll see you next time. Tony: All right. We'll see you next time. Have a good one. 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.
If you haven't been keeping an eye on your timeline today, you are officially losing out!
As a property investor, you may already know the usual tax breaks for properties, like negative gearing, but did you know there are ways to boost your cash flow and tax deductions? 'Mr Taxman' Dr Adrian Raftery author and tax adviser joins Associate Editor, James Kirby in this episode. In today’s show we cover: The benefits of using a PAYG withholding variation Strategies for claiming depreciation What’s deductible and what isn't? Repairs vs Improvements on the holiday rental Please note: this episode was recorded before the recent Federal Budget; check current rules given the slated 2027 changes.See omnystudio.com/listener for privacy information.
In this episode, Mark Morton explores the complexities of tax penalties, prompted by a recent high-profile case involving a significant understatement with no penalty applied. He breaks down key concepts like reasonable care, voluntary disclosure, and HMRC's approach to enforcement, highlighting the nuances that often go unnoticed by both taxpayers and advisors.For more information on this topic and more, please visit www.mercia-group.com for further details.
Let's take a very premature look at the 2028 GOP field. Plus, the Republicans have things to highlight heading into midterms but they are fumbling badly.
Mark Diehl is certainly a veteran crossword constructor — his first NYTimes crossword was published in 1984! He hasn't lost his touch, though: this was a terrific Tuesday with a boffo theme.Besides the crossword, it's Triplet Tuesday™️, and the spotlight's on Mike. Will he rise to the challenge or, tragically, go down in flames? Tune in to find out!Finally, we have an inspirational piece of listener mail about that most elusive and valuable of commodities — grit — the internal kind that keeps you driving forward, striving for success (as measured, in this context at least, by the cheery "happy music" theme).Show note imagery: The Taxman (or woman) cometh!We love feedback! Send us a text...Contact Info:We love listener mail! Drop us a line, crosswordpodcast@icloud.com.Also, we're on FaceBook, so feel free to drop by there and strike up a conversation!
Send us Fan MailIt's April 15th—Tax Day—and Paul's hitting the road with a quick, real talk episode on money, mindsets, and the morning commute.Do you love getting a big refund, or would you rather keep more of your paycheck all year and owe a little later? Paul breaks down both sides, shares his own approach, and opens the floor for your take.Plus, a little South Florida driving chaos, podcast updates, and a reminder: don't forget to hit “submit” on those taxes.Short, unfiltered, and straight from the car—this is your ride to work with Carpooling with Paul. Email us at: info@drumsandrums.com
Baby Jessica McClure arrested on domestic violence charges...Ruby Rose went to cops to report Katy Perry mushed her face with her vagina some 20 years ago...Lena Dunham disparages her Girls co-star Adam Driver...HBO's DTF St. Louis is another example of how Hollywood always pokes fun at masculinity.https://mydeals.page/q7j8
Washington state is building up an army of tax collectors – there's only one possible reason. Do we have a duty to defy unconstitutional laws? Former Governor Jay Inslee suddenly wants to complain about high gas prices. Independent journalist Savanah Hernandez attacked in Minnesota.
From 'NYYST' (subscribe here): All the good of the Yankees hot 8-2 starts has been erased with a five game losing streak including a weekend sweep by Tampa Bay. Also, is Aaron Judge the most to blame for the Yankees offensive woes? To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
All the good of the Yankees hot 8-2 starts has been erased with a five game losing streak including a weekend sweep by Tampa Bay. Also, is Aaron Judge the most to blame for the Yankees offensive woes? To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
John Canzano talks with Robert Raiola, the Sports Tax Man, about NIL, endorsement income, athletes, loopholes, and more. Subscribe to this podcast. Read JohnCanzano.com Support our sponsor -- GreshamFord.com
Nudist gold digger "Neighbors"; Horns down Sweet 16 report; Candy McCains; Republicans in improv class; asking women if due; tax prep on the down low for favors conspiracy.Unlock the BONUS SCENE(S) at improv4humans.com and gain access to every episode of i4h, all ad-free, as well as TONS of exclusive new podcasts delving deeper into improv, the history of comedy, music and sci-fi.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Barry, Abigail, and special guest Kim Nyborg discuss Fruitcakes by Jimmy Buffett and sample Sour Lemon Lime, Sour Cranberry, and Sour Cherry Pineapple from Edmund's Oast Brewing Co. in Charleston, South Carolina.Barry and Kim both have key memories involving Why Don't We Get Drunk; it was the song that really made Barry understand the extent of Buffett's influence in Florida, and it was the first song Kim ever remembers singing!Abigail's first memories of Jimmy Buffett were of The Parakeet Album - Songs of Jimmy Buffett, a collection of family-friendly Buffett songs sung by students at the W.O. Smith Music School in Nashville, Tennessee.Abigail shouted out the backup singers in Jimmy's Coral Reefer Band, known as the Reeferettes. Although Nicolette Larson was never an official member of the Coral Reefer Band, she appeared on three Buffett albums (including Fruitcakes!) and is considered an honorary Coral Reefer. We played a snippet of her most famous song, Lotta Love. We've previously spoken about Nicolette Larson in the context of her guest appearance in The Creature From the Tub from Andrew Gold's Halloween Howls: Fun and Scary Music; in fact, she and Gold were briefly engaged in the early 1980s, over a decade before the release of Halloween Howls! Listen to our review of Halloween Howls, Halloween Hops (Andrew Gold and Aardwolf Brewing).Harpoon Brewery in Boston, Massachusetts, seems to have done the most collaborating with Dunkin' Donuts over the years. However, Abigail's claim of donut-chain-branded lube has been debunked by Snopes.Buffett covered The Kinks' Sunny Afternoon, which shares with Taxman by The Beatles and Exile on Main St. by The Rolling Stones a common theme in 60s and 70s British rock: the exorbitant taxes musicians faced in the UK, leading many to become “tax exiles.”Buffett covered She's Got You, originally written (as He's Got You) by Hank Cochran and made famous by Patsy Cline. Buffett paid tribute to both versions by switching between different gendered pronouns throughout the song.Up next… I've Got My Own Album to Do by Ronnie WoodJingles 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
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The Taxman's Coming For Bettors bonus 1301 Fri, 20 Mar 2026 13:35:57 +0000 waSsKhyBIvCFh23ueRiCtJdYcl7UDN0O sports Sports Daily sports The Taxman's Coming For Bettors Wichita's popular morning local sports talk radio show is Sports Daily with Jacob Albracht and Tommy Castor. Listen live M-F 7a-11a on KFH! 2024 © 2021 Audacy, Inc. Sports False https://player.amperwavepodcasting.com?feed-link=https%3A%2F%
In this insightful episode of the Clarity Podcast, host Aaron Santmyire engages in a compelling dialogue with Scott Larson, a renowned tax expert specializing in the financial intricacies faced by pastors and missionaries. The conversation revolves around Larson's pivotal work, 'The Tax Man Cometh', which serves as a comprehensive resource aimed at elucidating the complex tax landscape that ministers must navigate. Larson articulates the critical need for pastors to understand their tax responsibilities, particularly the distinction between their roles as employees and self-employed individuals under the tax code. He sheds light on the prevalent misconceptions that hinder many in ministry from making informed financial decisions. For instance, Larson reveals that many pastors rely on anecdotal advice from peers rather than consulting qualified tax professionals, which can lead to detrimental financial missteps. He emphasizes that this reliance on informal networks often results in confusion and fear, particularly regarding self-employment taxes and the implications of housing allowances. As the discussion progresses, Larson underscores the importance of proactive tax planning and the necessity for pastors to seek out knowledgeable advisors who can help them structure their financial affairs. He advocates for a shift towards greater financial literacy within the ministry, positing that a deeper understanding of tax laws not only aids in compliance but also empowers ministers to optimize their financial health. This episode ultimately serves as an essential guide for those in ministry, equipping them with the knowledge and confidence to navigate their tax obligations effectively.Takeaways: This podcast episode emphasizes the critical importance of understanding financial realities for missionaries and ministers. Scott Larson provides invaluable insights into navigating the complexities of taxation for religious leaders, which is often misunderstood. The discussion highlights the misconceptions that many pastors have regarding their tax liabilities and the importance of proper tax planning. Listeners are encouraged to consider their financial futures by actively engaging in retirement planning through vehicles like 403B accounts. The episode underscores the necessity of professional guidance, as many pastors receive inadequate tax advice from unqualified sources. Emphasizing proactive financial stewardship, Scott Larson stresses the significance of accurately reflecting one's ministry in tax filings.
Let me tell you how it will beThere's one for you, nineteen for me'Cause I'm the taxmanYeah, I'm the taxmanAnd you're working for no one but me.-- Taxman, The BeatlesIn this second episode in our Wealthhard series, Brian speaks with Matthew Getzler, Partner and Co-Chair of the Private Client Services & Tax groups at Torkin Manes, about the practical tax opportunities still available to high-net-worth families and private business owners. Matt picks up where Jessica Feldman Chittley left off in You Need a Will (our last podcast episode), and walks through will-related tax tools: avoiding loss of the spousal rollover, probate planning and using wills as succession vehicles, plus U.S. estate-tax traps. He then moves to active tax planning: estate freezes and refreezes, prescribed-rate loan strategies, and the pragmatic use of Canadian corporations to manage U.S.-situs exposure and defer tax. Along the way he explains the mechanics, the admin rules that can kill a plan, cross-border pitfalls, and real client examples so listeners understand when a strategy makes sense, and when it doesn't. Practical, technical and actionable, this episode is for families and advisers who want to keep more of what they build while avoiding common implementation mistakes.Timestamps:00:00:00 — Intro & Legal Disclaimer00:03:54 — Guest Intro / Matthew Getzler00:07:45 — Dying Intestate & Spousal Rollover00:11:41 — Spousal Trusts & Control00:14:01 — Probate & Probate-Planning00:18:56 — Joint Ownership & Adding Children00:21:41 — Succession for Business Owners00:27:13 — Estate Freeze: The Basics00:32:03 — When an Estate Freeze Makes Sense00:35:15 — Control, Voting Shares & Practical Mechanics00:38:32 — Wills & U.S. Estate-Tax Issues00:41:34 — U.S. Estate Tax Overview & Stakes00:44:16 — Trust-Based Solutions & Cross-Border Structuring00:49:56 — Using Canadian Corporations to Protect US-Situs Investments00:51:16 — Prescribed-Rate Loan Planning01:00:01 — Investment Limits & “Kiddie Tax” / TOSI Risks01:01:59 — Common Pitfalls & Implementation Risks01:06:17 — Closing / The “Unlimited” Question01:08:21 — Outro
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Mr. Taxman, Adrian Raftery, listed 101 tax rules - Mark and Shani run through the ones that jumped out at Shani when she read the book.You can find the full article here.Would you like more free insights from Mark, Shani and the rest of the Morningstar team? You can find them here.A message from Mark and ShaniFor the past five years, we've released a weekly podcast to arm you with the tools to invest successfully. We've always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.We've shared our journeys with you, and you've shared back. We've listened to what you're after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.The book is now available! It is also available in Audiobook format from most sellers.Purchase from Amazon or Purchase from BooktopiaTo submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast here.Audio Producer and mixer: William Ton. Hosted on Acast. See acast.com/privacy for more information.
The left can't govern their cities but insist that raising taxes will fix things. Plus, the Trump administration is fumbling on Iran just like Obama did.
1 - Is Todd Lyons going to hell? Is Josh Shapiro acting like a king? Will this land grab act 115 - Is Josh Shapiro pro-squatter? 120 - Abington Township and Rockledge Borough Republican Organization (ATRO) Chairman, Joe Rooney joins us today. Is there any Native American land in Abington? Is Josh Shapiro making PA residents worried that he is enacting Manifest Destiny across the Commonwealth? Why is there poor leadership in the Abington School District and why does that put the Superintendent and Principal's jobs at risk? How do these teachings of these far-left concepts to the children denigrate the student and their ability to learn and be taught? Why is the Abington School District's representation on the line? Why do the people who run the schools have no pride in teaching the children? 135 - Why does Seahawks Quarterback Sam Darnold owe the state of California money after winning the Super Bowl? 140 - Your calls. 150 - Your calls.
Of Alaska, Delaware, Georgia and New Hampshire - which is the only one that implements a statewide sales tax?Play. Share. Listen with Fitness Guru & Host of ‘Toxic: America's Food Crisis,' streaming now on Fox Nation, Jillian Michaels. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Moneywise Radio Show and Podcast Tuesday, January 20th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Radio Show & Podcast" call: 661-847-1000 text in anytime: 661-396-1000 website: www.MoneywiseGuys.com facebook: Moneywise_Wealth_Management LinkedIn: Moneywise_Wealth_Management Guest: John Duffield, CPA/MST website: https://www.bakersfieldaccountants.com/ The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. John Duffield and their company are not affiliated with nor endorsed by LPL Financial or Moneywise Wealth Management].
In Iron Age Jerusalem, finding a tiny bit of a cuneiform tablet is a big deal, since in that town, they use the alphabet. But when the Neo-Assyrian authorities ask, hey, where's our tax money, they can do it in any script and language they want. So you'd better read the email, otherwise -there- will be a meeting, and you won't like it.
And so 1965 is left behind and we move into the bold new world of 1966 with the mighty Revolver and its opening track, Taxman. Is it a perfect album opener? How do the lyrics stand up today and do they still (or indeed did they ever) work? And just how good is everyone on this? Rankings: Track-by-track Ranking eMail: beatlesstuffology@gmail.com Twitter: @beatles_ology Instagram: beatlesstuffology JG's Blog: Judgementally Reviews… Andrew's Blog: Stuffology Produced By: Golly, by JG McQuarrie
Turning 62 might not feel like a milestone birthday… until you realize the Social Security clock just started ticking. Filing now could put money in your pocket sooner or cost you tens of thousands over a lifetime. How do you pick the right strategy? Let's break down how to think through one of the biggest retirement decisions you'll ever make. Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381 ----more---- Transcript: Speaker 1: Turning 62 might not feel like a milestone birthday until you realize the social security clock just started ticking. Filing now could put money in your pocket sooner or cost you tens of thousands over your lifetime. So which is the right strategy? Let's break it down. Hey everybody, welcome to the podcast. This is Plan with the Tax Man, with Tony Mauro and myself to talk, "Hey, I'm 62. Should I file or wait?" That's the big conversation, Tony, that happens all the time. I imagine you probably have this chat with new prospects virtually every single time you meet with somebody. Speaker 2: Every time. Yes. And I picked this topic this week because I've been getting a lot of questions on it. There's been a lot of chatter on social media about it. So I wanted to address it again because it is important. Speaker 1: And it's complicated for people, but you could talk big money here. So I mean, why do it? Why file at 62? There's a plethora of reasons. If you take out the just actual need it, okay, it's like I ran the numbers and we actually do need to turn it on. Oftentimes it's things like, "Well, it's mine. I want it back." Or whatever. Understandable, but what's some other things you've heard? Speaker 2: Well, I hear things such as, "My parents didn't live very long, so therefore I want to collect it while I still got some time." Okay. And by the way, as we talk about this, we could sit, if I had 10 listeners on the podcast as a call in, we would all have different opinions. And you could get into some serious arguments about this. So a lot of this depends upon each individual situation, like most things financial planning do. But that being said, besides worried about longevity, they want to basically take the money and invest it in themselves. Some want to give it to their heirs a little earlier. Some are, of course, like you said, they're just ready to get out. They've worked for somebody else forever. They want to retire now and they need the income now is always the biggest one, but there are some drawbacks to that, which we'll get to. But those are the things I find most people want to take it early. And most people, when they want to take it early, they've given it no though other than those things. They haven't run any projections. They haven't done any type of planning for this, which we'll talk about here in a second. Speaker 1: Okay. Well, why wait until FRA, full retirement age? So there's some compelling reasons to do so. First, it's what, about 6% annually. If you were to do the numbers from 62 every year you're waiting, it's about 6% up to full retirement age. Yeah? Speaker 2: It is. So when you take it early, of course, you have to take a reduction in benefits. Speaker 1: Yeah, like 30%. Speaker 2: Yeah. And there's a cap on how much you can earn if you're still wanting to go out and do some work. Now, if you wait till full retirement age, not only is your benefit higher, but you can go out and earn as much as you want and they won't reduce your social security benefit. Yeah, you're still taxed on it and all of that. But that's one of the reasons why people might want to wait. They want the higher benefit. They might want to use some sophisticated planning and coordinate with spouse benefits and maybe have the lower amount or the lower earning person take theirs earlier and the higher earning take theirs later. And then of course, like I said, maybe- Speaker 1: You should definitely think about doing that, right? Speaker 2: Absolutely. Speaker 1: Yeah. Speaker 2: I mean, that's one of the biggest ones. And a lot of times you get this full retirement age statistically showing both men and women, if your health is fairly decent, you plan on living quite a bit longer up to at least the averages. At least that's, again, that's an assumption. But those are some reasons why. And if you start running some numbers and you take a look at, I ran my own before we got on the podcast. And if I took mine at 62 versus 67 is my full retirement age, by the time that I, if I lived, I used both scenarios. This is just for example, and this is what the planning software can do for you. If I lived until 83, if I waited until 67 versus 62, I would've collected $72,700 more if I waited. And so you have to decide and you should run some of these numbers. And I also would say to all the listeners, you at very least should be out and have yourself a login and username to the social security website so you can see your reports and look at some of this stuff. It's free. They've actually done a nice job with it. So the question becomes like, in my case, is it important enough for me to delay? Because I could die between 62 and 67. Who knows? Speaker 1: Sure, yeah. Speaker 2: But do I want to take that chance and maybe get 72, $73,000 more I live in the same amount of time? And I think that is what the real planning stage is. And there's really no right or wrong answer because for some people, yes, maybe they do need it at 62, but for a lot of us, if you don't need the income, it generally is better to wait. Speaker 1: Yeah. I mean, think about it. 6% from 62 to 67 is... And it's a safer investment because somebody would say, to one of the arguments, "Well, I want to just take it now and I'll reinvest that money." Especially if the argument is that, "I'm doing it, I'm turning it on, but I don't actually need the income." So let's just take, I need the income off the table because if you need it, you need it. But if you're turning it on because you just want to turn it on for whatever other reason, and you're saying, "Well, I can invest in myself." Okay, maybe you're going to get a guaranteed 6% year over year with very little risk. That's one piece. Now you might look at the market right now year to date, the S&P, Tony, while we're talking is like up 16%. Somebody said, "Well, yeah, I could get 16%." Well, fine, but that's 100% at risk. Speaker 2: That's 100% at risk. I just saw not too long ago, which led me to even pick this topic this week is somebody on Facebook sent me a clip of what appeared to be a financial advisor or some annuity person talking about it's never better to wait. Always take it at 62. And I listened to it and I would love to debate that with a gentleman, at least for every case. I mean, he does make some compelling arguments as to why some people should take it at 62, but most of what he was talking about was, "Well, they need the income now and they can reinvest it." Well, okay, yes, that is right, but you can't just sit there and tell everybody never to wait because there are some compelling arguments in some cases to wait. Speaker 1: Yeah, yeah. And to your point. So you ran those numbers at $70,000 or whatever. Did you think about the spousal piece? Sometimes people, they don't necessarily do that. It's like, okay, don't forget, the higher of the two is what the person that's left behind is going to get. So you mentioned earlier doing that option. So if you're in a situation where one member of the family, one of the couple there is making more and you want to turn the lower one on at 62, that's a fine strategy for many people still run the numbers first to see. But again, you got to kind of factor all that stuff in there. You can't just claim it without some intentionality in there. Speaker 2: No, you do need to be intentional with it. You do need to talk to your advisor about it because that's one thing that we use a lot is we have the lower earning spouse, if they do want some money now, okay, let's claim that now, but let's let the higher earning spouses ride a little bit and then that way you've got kind of a little bit of best of both worlds. You're getting some money now because that's what you said you wanted, but you want to get some higher benefits and generally the women live longer and if the man dies, then she can reclaim and get his higher benefit, which will benefit her later by him waiting. And so I think that's one thing that we generally try to do as far as that goes. But we use some good software just like most advisors have to be able to at least show people and run a lot of different scenarios very quickly so they can at least have all of the facts to make the best decision for them. Speaker 1: And you know, Tony, it can go the other way too. I was just talking with another advisor earlier and he was sharing an interesting story that he had some new clients that were in prior, right before Thanksgiving, saying that they were in, they were starting to do the preliminaries and everything and they were like, "No, no, we've already identified a lot of stuff and we're going to both wait until we're 70." They wanted to do the total maximization. And he said, "Cool, but let's go through the exercise of running stuff and just see what those," Like you kind of did, "What some of those projections lay out." And he was able to show them for a myriad of reasons why, and again, he's like, "It's not my job. If you want to go 70, we'll go 70. But if we turn it on, in your case, specifically both of you at 67, you're actually going to fare better." So there is times when it can go one way or the other, but you don't know that until you get into the math of it. Speaker 2: You don't. And that advisor probably showed them something they probably never had dreamed of and probably going to- Speaker 1: They were shocked, yeah. Speaker 2: Get more money over their lifetimes. Speaker 1: They were, actually. And then you started thinking about IRMAA and you start thinking about the taxational. That's the other piece, how much of your social security is going to get taxed? In this situation where we were talking about today or our topic point, if you're turning it on at 62, but you don't need the income, you are probably going to wind up paying the max tax on this too. So not only are you taking a 30% haircut, but you're probably paying up to the 85% as taxable. Speaker 2: It's going to be taxable. And depending on your tax bracket, it could increase that haircut by quite a bit, which is why you need to think about some of this stuff before you do it. Speaker 1: Now you got a buzz cut. Speaker 2: Yeah. The other thing too is I always ask people, well, if you take it 62, especially the single people, what are you going to do for health insurance until you're 65? Because Medicare doesn't kick in. And so there's some things to think about there. And if you just blindly go into this and quit your job or whatever, you probably aren't going to be able to go back and now you could be stuck with some real unfavorable circumstances. Speaker 1: Yeah, yeah. We all know that age discrimination is not supposed to be a thing, but we also know it's a thing. So it's like trying to be 70 and find a job or the job you had before, the odds aren't great. Speaker 2: Not great. Speaker 1: No. So at the end of the day, look, it's a huge, huge decision, Tony. I mean, you can truly be talking tens of thousands of bucks here. Speaker 2: You can. I mean, at the end of the day, as I say, and on most of them, and of course, we're tooting our own horn here with, you need your advisors and help to make sure that your decisions work with your plan, your health, your long-term goals. And once you do that, then at least you could feel good about what you chose. But like I say, I would caution you to just blindly do it without running the numbers because they are big. And in fact, back to my case as we close is, my plan personally is we're probably going to wait at least until we are full retirement age, if not 70, because I'm going to want that extra 70,000. I mean, that's just my psyche. But I have run the numbers and we might do a spouse claiming early, but it probably won't be 62. It might be 64 or 65. Speaker 1: And that's true. That's true. The reason we hear things like, "Oh, there's 6,000 claiming options." Or whatever they claim there is that's because every day after 62 that you delay and turn it on, could change something, whether it's 63- Speaker 2: Two pennies. Speaker 1: Yeah. 63 in two weeks or 64 in three months or whatever it might be. So it all changes that number a little bit. Again, about 6% roughly from 62 to 67 is the growth. And then from 67 to 70, it's what about 8%. Speaker 2: It's about 8%, yeah. It really goes up during those last couple, two or three years. Speaker 1: So something to think about. So the right social security decision depends on your income needs, work plans, health and long-term goals, but before you file, make sure you're choosing that path that supports your retirement, not necessarily just some other reason that you've got in your head. And if you need some help with that, to Tony's point, tooting the own horn, yes, but the social security office folks, they do a fine job, but they're not allowed to help you go through the... They're going to tell you your options and then you pick. They're not going to ask you about your tax implifications. They're not going to ask you about your IRAs and how much you have in your income so that you're making the right decision based on all that. So get with a financial professional before you take this action and have those chats. And if you need Tony's help, yourplanningpros.com is where you find them online, yourplanningpros.com. Don't forget to subscribe to the podcast on Apple or Spotify and also share with others that might benefit from the message as well and maybe enjoy the content. Maybe they'll need some information that might help them along their path. Again, yourplanningpros.com. Tony, thanks for hanging out, my friend. It's the end of the year, so have yourself a great holiday season, my friend. Speaker 2: You do the same, and I wish everybody out there a great and safe holiday season as well. Speaker 1: Yeah. And we'll see you in 2026. Ugh, sounds weird already, but we'll see on the other side here with Tony Mauro from Tax Doctor, Inc. on Plan with the Tax Man. 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.
Welcome flogs to The Bacardi Bandit. Mr F@ck The Taxman is back in the hot seat with VB Gibbo and Moose tries his best to keep the Circus on track.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.
From the Macy's parade to carving the turkey, Thanksgiving traditions can teach us a lot about what makes a great financial plan. Let's match some of the most loved parts of the holiday with the money lessons they represent. Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381 ----more---- Transcript: Speaker 1: From the Macy's Parade to carving the turkey, Thanksgiving traditions can teach us a lot about what makes a great financial plan. So let's have some fun this week here on Plan with the Tax Man. Hey everybody, welcome to the podcast. It is Thanksgiving week that we are putting this one out. So maybe you're catching it before or after Thanksgiving. Hopefully you had a good holiday. And we're going to talk about what Thanksgiving traditions, how they might mirror smart financial planning. Have a little bit of fun here with Tony Mauro, who is the Des Moines professional alternative. And at Tax Doctor Inc., he is the tax man. So we're going to have that conversation, my friend. What is going on? How are you doing? Tony Mauro: I'm doing great. Getting ready for Thanksgiving. One of my favorite holidays of the year. Speaker 1: You and me both. Tony Mauro: Yeah. The staff's getting excited too. They get a little time off around Christmas, so it's all good. Speaker 1: Yeah. Favorite dish? Tony Mauro: At Thanksgiving, I'm still a traditional turkey guy, but my favorite at Thanksgiving is probably the pumpkin pie with a lot of whipped cream. Speaker 1: Okay. All right. Tony Mauro: How about you? Speaker 1: Mashed potatoes. My wife's mashed potatoes are killer. Tony Mauro: Oh yeah. Speaker 1: They're killer. That's probably why I have heart problems, but they're good. Well, let's have some fun. We'll talk about these traditions. We'll kind go through the day. We'll kind of run through the day a little bit and see if you can spin a financial yarn to some of these items. So I don't know about at your house, Tony, but she starts working on all the stuff in the morning. It's her and my daughter have this tradition of doing all these things together, even though the kid's in her late 20s now, they really enjoy kind of working through the process together. That's a tradition in and of itself. But she has to have the Macy's Parade on in the background as they're prepping and whatnot. So what kind of analogy can we make to the prepping of the parade and the financial prepping and planning? Tony Mauro: Well, the parade, I used to watch it, I haven't watched it in several years, but it always does come off, just like every other giant event, as fairly flawless and looks like it's effortless. Just like I always use the golf analogies. Those guys make it look so easy. But what everybody doesn't see is everything that goes into the setup and the organization of that parade. And really, no different in your financial life, whether it's your retirement plan or any other plan that you have that you're saving for. You do have to do some work behind the scenes. You've got to get your plan in place. You've got to understand what's going on, have communication with your advisor, and really monitor that plan in order for it to later, on when you're out bragging to your friends that, hey, I'm retiring at this age, or whatever, and telling them you're going to do all these fun things, to them it looks like, boy, somehow you made it so easy, but they don't understand the things that go into it. But you do need to do that with your financial plan. Speaker 1: That's a good way of thinking about that, right? The choreography, if you will, of the planning and of the parade as well as your retirement is pretty important. So, all right, so you're watching the parade, you got that going on, you start cooking the feast. So when it comes to obviously getting the turkey in, timing's got to matter here. Tony Mauro: Got to matter. I'm not a good cook, so I would probably be burning it. So I leave that to my wife. But I know that there's been several years that in the past, actually, it used to be my mom, she would put it in too late or cook it too long and it would burn. So the whole thing was kind of ruined. And so in your planning life, I never think it's too late to start, but obviously the sooner you start, you don't have to rush or you don't have to feel as much pain of saving because you're starting on time, you're doing it for a long time. And just like cooking the turkey, you want to make sure you're monitoring it while it's in the oven, or in this case, while your money is being invested. So that, again, just like I said before, at the end of the day, your plan is going to look like and feel like a real success. Speaker 1: Yeah. You don't want to rush it, especially if you're doing that deep fried thing. Because I guess that's where they explode is when it's still somewhat frozen and you drop it in there, and I guess that's when the problem happens. So timing is important. Tony Mauro: Timing is an issue. Yes. Speaker 1: In both things, right? For sure. All right. Well, the turkeys cooking, stuff's being made, and you're probably part of the family is probably watching some football games going back and forth. So this one should be a pretty easy one for you here, Tony, to give us an analogy. But my beloved Lions, I am a long suffering Lions fan. Yes, we've got a good team last couple of years, but they still seem to lose on Thanksgiving Day. So that's a tradition I could get rid of. But anyway, what do you got? Tony Mauro: Well, I think with the football games, I mean, we're all sitting there watching them in some form or fashion. Obviously, we see both the offense and the defense on the field at different times. It's really just very similar to your financial plan. I mean, sometimes you're playing offense, and that's the proactive, what I call saving and monitoring for the future and saving for those goals. But you also need to, and this is where I think a lot of people miss, they don't play defense enough in their financial lives. In other words, they don't carry the proper insurance, they don't watch that enough. And I'm not just talking life and disability and things. I'm talking about home, auto, things like that, that they do need to protect the assets they have. So I kind of equate that to a little bit of a defense because you have to spend money on that stuff. It's not sexy at all. You don't like it. You only get a return is if something bad happens. And so a lot of people put that off. But I do think both of those are important, just like they are in football. Speaker 1: Yeah, great analogy for sure. And sometimes, yeah, my Lions do not play defense enough or not well enough. And any of the guys who are listening, I'm sorry, but you know it's true. So we got a great offense right now, but sometimes the defense is a little suspect. So that's a great analogy. All right. Food's done, ready to get rocking and rolling. Got to cut that turkey, man. Got to slice that joker up. What are we doing from a retirement analogy? Tony Mauro: Well, I think it's similar to the turkey is we all have different plans. We all have different needs and wants, very similar to the size of the turkey. So when we're talking about distributions and getting income from what we have saved, it's important to be strategic about what we're doing and how we're divvying that up. Because obviously in retirement planning, it's how long is it going to last? If you're cutting the turkey, it's like, okay, there's an end because somebody's going to eat the last bite. But in retirement, hopefully we're not taking the last bite because then that means we're out of money and that's the last thing we want to have happen. Speaker 1: We don't want to do that, right? Tony Mauro: No. Speaker 1: So yeah, so you want to be strategic about how you slice up your retirement income so you can plan it out, stretch it out. Because we want to have that longevity piece covered as well. Even if you don't think longevity is on your side, you still want to plan for it in case you're wrong. So family table conversations, that'll be next. So everybody's sitting there to eat. You've cut up the turkey, you're chowing down. Lots of conversations happen over Thanksgiving and sometimes they're not always super comfortable. Hopefully everyone's keeping the political stuff at bay the last couple of years. But what's that financial correlation? Tony Mauro: Well, I think the financial correlation, and I think you're right, I mean, I've been in a few of those awkward conversations over the years at Thanksgiving, which is very uncomfortable. It used to happen at my wife's mom and dad's house. It's very similar, because at least with us as advisors, we want to take some time to talk about some uncomfortable things that people don't like to talk about, which is the end, the death, the planning after you're gone, what's that going to look like? And it's uncomfortable, but if we can take that and maybe make it less uncomfortable and get people to talk about that, generally they feel better afterwards, that they've got that part of life handled and they can enjoy the rest of their lives knowing that that's in place. Speaker 1: Yeah. The family's together. My mom was kind of funny, I think it was last year or the year before. She's like, I'm in my 80s, I'm going to die in a few years. What are we doing? She just kind of dropped it out blunt like that. Tony Mauro: Yeah, that's one way to do it. Speaker 1: Yeah, exactly. So have those chats. Tony Mauro: [inaudible 00:08:37]. Speaker 1: But she kind of made it silly a little bit, which took the edge off. But you got to have those conversations talking about money, legacy, all that good stuff while everybody's together. The future versions of your family will thank you for that. All right. Leftovers, Tony. Time to start putting stuff away. Some people might say this, the best part of it is having leftovers. Tony Mauro: It's my favorite for sure. I think in the financial realm, really the leftovers for me really are living within your means. In other words, creating a budget and sticking to it as best you can. And then of course my favorite tax strategies, because a lot of people don't think about these things, and these little leftovers can add up to a lot of dollars over years. If you could live within your means, save the excess, and use that excess to invest strategically the best you can tax wise, you're really going to be able to add a lot of extra dollars to your end game, which is your retirement income. Speaker 1: Yeah, you got to stretch it. And that's where maybe there's tax strategies. We often talk about with you being the tax man and all, I mean there's all those other facets to just the retirement versus just the income, which we were talking about before, is you want have all those good pieces in place. And I know sometimes we often talk about the budgeting word, and people hate that word in retirement. They think they're going to have to live on a strict plan. But that's not really what you're talking about. I mean, it's really just making sure you got everything kind of checked, the boxes checked, so that you've got plenty of leftovers for the next 30 years. Tony Mauro: That's right. And yeah, my clients don't like that budgeting term either. And it's really not. I try not to phrase it like that, but I like to say living within your means. Knowing what you have coming in, what you have going out, and making smart decisions that way. Because if you can do that, that's a lot of the battle right there. Speaker 1: Yeah. We'll call it a spending plan, right? Tony Mauro: Spending plan is a good one. Yeah. Speaker 1: Yeah. That way you can just do that and then say that and that makes you feel better. All right. Now, somewhere along the way from me growing up, it seemed like the oldest person in the house was the first person responsible for the post meal nap. Tony Mauro: Oh yeah. I think that still happens. Speaker 1: Yeah. Now a lot of people fall asleep for sure, but I feel like it seemed like it was always the oldest person in the room that was the first one to kind of kick off. But you've earned it. And I mean, look, this is pretty easy. This is what retirement is. It's the post meal relaxing time after the Thanksgiving feast. Tony Mauro: It is. And it's the reward for hopefully your preparation and saving for all these years. And hopefully you've got enough health to be able to get out and enjoy it. And those that don't, enjoy what you can because, in the end, we will all have an end. And so it is your reward, and hopefully you can take it easy and do what you want, which is, in my opinion, the whole reason why we are trying to help you with financial planning in the first place is that. Speaker 1: Yeah, exactly, right? Whether it's your portfolio or Tony's favorite pumpkin pie, everything turns out better when you plan ahead, share wisely, and savor those results. So that's going to be our fun little podcast leading into Thanksgiving. Tony, I hope you and the family have a fantastic holiday. Tony Mauro: You do the same. And hopefully everybody out there has a great holiday as well. Speaker 1: Yeah, absolutely. For all of our listeners out there, thank you so much. Don't forget to share the podcast and subscribe if you haven't done so. Certainly supports the channel and just helps us keep knowing that we should put out some information for folks to hopefully consume. I'll keep doing these food jokes. And that way you can digest what's the right thing for you in your retirement. So reach out to Tony and his team if you need help today, yourplanningpros.com, that's yourplanningpros.com. This is Plan with the Tax Man. Subscribe to us on your favorite podcasting app, and you can find that stuff at the website as well. And we'll see you next time here on the show. 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.
Stephen Grootes speaks to Natasha Singh, Director for Large & International Business at SARS, about the launching of the Large Business Forum by the taxman in an effort to improve cooperation with large businesses. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
Invest Like a Billionaire - The alternative investments & strategies billionaires use to grow wealth
It's that time of year again, when we get calls from high earners with W2 jobs asking: how can I save on my taxes this year? In this episode, Ben, Bob and Ellis lay out all the legal loopholes to safeguard taxes. And even better, many of these options can help you make money year round. Have more questions, or want more resources like a tax calculator? Go to investlikeabillionaire.org to learn more about our community. And find out more about the podcast at https://www.thebillionairepodcast.com/
Robert Salter and Tom Goddard look at the now infamous “donkey field” connected to Keir Starmer. With politicians’ tax affairs under the spotlight yet again, Robert explains why the arrangement looks more like straightforward trust planning than a scandal, and sometimes what makes the front page isn’t really much of a tax dodge at all. The pair explore what this story says about public attitudes to politicians and tax — and whether the criticism is fair or just noise. Then it’s over to the NFL’s return to London, where visiting players could find themselves facing a very different kind of tackle: the UK tax system. Filing returns and paying into the UK’s fiscal black hole might not feature in the playbook, but it’s all part of the rules. Finally, Robert and Tom discuss HMRC’s recent stakeholder conference. Promises of closer working with advisers sound great on paper but as changes regarding National Insurance show, HMRC’s actions don’t always match the words.See omnystudio.com/listener for privacy information.
The FED – CUTS as expected Dot Plot turns dovish Market – not much of a move really Rug pulls – moving out of cryto and into IPOs And we are talking taxes and crypto – with our guest Pat Camuso NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Patrick Camuso is a CPA and the Founder of Camuso CPA, an industry-leading firm working closely with cryptocurrency investors and web3 businesses that was among the first CPA firms to specialize in crypto taxes back in 2016. As a pioneer in the field, Camuso CPA was also the first firm to accept cryptocurrency as payment, setting a forward-thinking example in the accounting profession. Patrick is the host of The Financial Frontier podcast, where he explores the latest trends in crypto, tax, and finance. He also runs the Digital Asset Digest, a newsletter delivering insights on blockchain, digital assets, and tax compliance. Patrick is also the author of Navigating the NFT Sales Tax Maze, Wayfair 2.0 for Web 3.0, an essential resource for navigating sales tax in the digital asset space. Learn More at http://www.ibkr.com/funds Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Stocks mentioned in this episode: (/BTC), (/ETH), (TSLA), (OKLO)
The FED – CUTS as expected Dot Plot turns dovish Market – not much of a move really Rug pulls – moving out of cryto and into IPOs And we are talking taxes and crypto – with our guest Pat Camuso NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Patrick Camuso is a CPA and the Founder of Camuso CPA, an industry-leading firm working closely with cryptocurrency investors and web3 businesses that was among the first CPA firms to specialize in crypto taxes back in 2016. As a pioneer in the field, Camuso CPA was also the first firm to accept cryptocurrency as payment, setting a forward-thinking example in the accounting profession. Patrick is the host of The Financial Frontier podcast, where he explores the latest trends in crypto, tax, and finance. He also runs the Digital Asset Digest, a newsletter delivering insights on blockchain, digital assets, and tax compliance. Patrick is also the author of Navigating the NFT Sales Tax Maze, Wayfair 2.0 for Web 3.0, an essential resource for navigating sales tax in the digital asset space. Learn More at http://www.ibkr.com/funds Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Stocks mentioned in this episode: (/BTC), (/ETH), (TSLA), (OKLO)
Adam Hurrey is joined on the Adjudication Panel by David Walker and James Maw. On the agenda: an unprecedented twist on the "knowledgeable crowd", a listener spots something in the Match of the Day intro, Michael Owen's semi-ironic new era, some exquisite football pedantry in the case of the FA vs Lucas Paqueta, a never-before-considered research project into Premier League draws, the most “cat amongst the pigeons” goal ever and which team is most strongly associated with a badge in the middle of their shirt. Sign up for Dreamland, the new members-only Football Clichés experience, to access our exclusive new show and much more: https://dreamland.footballcliches.com Get your ticket for the Football Clichés Live tour this October: https://tickets.footballcliches.com Learn more about your ad choices. Visit podcastchoices.com/adchoices
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
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!
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....
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
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
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....
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!
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