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Should the new temporary senior tax deduction change your Roth conversion strategy? Joe and Big Al spitball for Chris in Maple Grove, Minnesota, who wonders whether to keep converting to Roth now that the $6,000 Senior Bonus deduction phases out with higher income. Teri from Salt Lake City’s broker has amassed $60,000 of losses in Teri’s $1.1 million account due to tax-loss harvesting. When is enough… enough? Windy Chicago in Chino Hills, California, wonders what to do about their cost basis vanishing after transferring mutual funds to Vanguard, and Larry and Sally from Michigan are planning for retirement while facing significant health challenges. Can they afford to bridge the healthcare gap and still retire safely?
Healthcare can be confusing, and Medicare can feel even more overwhelming. If you’re nearing retirement, do you know how to bridge the coverage gap as you move from employee to retiree? Pure’s Principal, Marc Horner, CFP®, reviews four key options to help you make a smooth transition. He discusses: COBRA Spouse’s plan ACA Marketplace Private plans […]
Does Medicare feel confusing? To help you approach enrollment with clarity and confidence, Pure’s Senior Financial Advisor, Bill Hodapp, CFP®, CPA, AIF®, breaks down Medicare eligibility, coverage options, costs, and the steps to sign up. Transcript Are you wondering when Medicare starts, how it works, what it covers and the costs? Do you need a […]
A Health Savings Account (HSA) is a tax-advantaged account designed to help you save and pay for medical expenses. Pure’s Associate Advisor, Kyle Farmer, CFP®, AIF®, explains the key benefits of an HSA and how it can support your long-term health care needs and potentially improve your overall retirement strategy. Transcript What if I told […]
Updated for 2025: Every day, about 10,000 Americans retire. Unfortunately, far too many retirees don’t realize that their retirement plan is on life support right from the start because they’ve estimated their financial needs with numbers that are far from the reality they’ll face once they’ve clocked out for the last time. When it comes […]
Robert Dow, owner of The Dow Agency, and Lisa Velasco, Medicare Manager at The Dow Agency, answer the top Medicare questions. Outline 00:00 Intro 0:33 Top 10 Questions 0:58 What is Medicare? 1:40 Who can get Medicaid? 2:11 Can you have both Medicare and Medicaid? 2:42 Do I need Medicare if I plan to work […]
Medicare Part B is a crucial part of your healthcare coverage as you enter retirement, covering the costs of essential medical services. Pure’s Senior Financial Advisor, Phillip Chinothai, CFP®, AIF®, simplifies this aspect of Medicare, helping you plan for your healthcare needs in retirement. He discusses: Eligibility requirements Costs How to Use Medicare Part B […]
Retirement planning may seem complicated and daunting. However, it’s essential to understand, especially as we’re experiencing longer lifespans and diminishing external support systems. Pure’s Financial Planner, Sumit Mehta, CFP®, AIF®, examines five critical retirement spending needs, ensuring you’re prepared to transition into retirement with confidence and peace of mind. Healthcare Social Security Investment Management Tax […]
Spitballing on early retirement and Roth conversions to finish 2023. How can Jack and Diane (no, the other, other Jack and Diane, these are the ones in Rochester, MN) bridge the gap to retirement at age 61? Can Michael in San Diego do a Roth conversion without it impacting his taxes? Plus, what should the Flintstones do with their whole life insurance policies? What spitballs of wisdom do the fellas have for Michael, who is “benefit-less” in Kansas City? Then, we wrap up the final episode of the year with the YMYW origin story.
Does your company provide a Flexible Spending Account (FSA) to help cover healthcare expenses? If so, our Financial Planner Joe Schweiger, CFP®, AIF®, guides you through the details of FSA’s to ensure it’s the right employee benefit for you. FREE GUIDE | Retirement Readiness Guide Transcript Today’s financial tip is utilizing the balance in your […]
How can Steve & Sharon in Minnesota get more money into their Roth IRA without paying more tax? That’s just one of our topics, today on Your Money, Your Wealth® podcast 455. Also, should Fred in western New York do Roth conversions before required minimum distributions (RMDs) kick in? If Mike in Utah saves on healthcare premiums now, will that mean large RMDs and tax bills later? Should Mark in Maryland do a backdoor Roth after maxing out his 401(k)? And should Joseph in Kansas contribute to his new employer’s Traditional or Roth 401(k)?
Are you cruising into retirement, or are you on a sinking ship? By plotting a good course and using proper tools and strategies, you can cruise into retirement. Unfortunately, many people need a life vest: they’re ill-prepared and without a compass. It’s all about being proactive. Let Joe Anderson, CFP®, and Big Al Clopine, CPA […]
Why does Becca in Florida’s advisor “poo-poo” her strategy for funding 529 plans for education? Keith, commenting on Spotify, wants to know about reimbursing yourself without penalty from a 529 plan for the scholarship amount used for education, and Wendy way up north in New York wants to know if she should use retirement funds to pay for college and home renovations. Plus, what are the pros and cons of starting Roth conversions for Renee in Wisconsin, and is she on track for retirement? Will the IRS penalize Dan in Michigan for not paying Roth conversion tax in January? With the 5-year Roth clock, how does compounding interest work when Aaron in Ohio changes custodians? And Kirk in Iowa wonders how the Affordable Care Act tax credit works with dependents.
Every year, Medicare’s open enrollment period is from October 15 to December 7. Choosing the right Medicare plan can be overwhelming, but understanding the basics can help you make an informed decision. Pure’s Financial Planner, Matt Gray, CFP®, discusses the important Medicare parts to consider. FREE GUIDE | Medicare Check-up Guide Transcript Today we’ll cover Medicare […]
Medicare can seem complex with its four parts and various coverage options. Pure’s Financial Planner, Daniel Goldstein, CFP®, AIF®, simplifies it for you to help you find plans that suit your needs and budget. FREE GUIDE | Medicare Check-up Guide Transcript Medicare has four parts: Part A; hospital insurance, Part B; medical insurance, Part C; […]
