Is it better to pay tax on $5 million than on $1 million, or is that crazy talk? Also, an asset location strategy to lower RMDs and taxes but still maintain portfolio growth, and an argument against Roth IRAs. Is it a valid one? Plus, what counts as contributions if you withdraw from your Roth IRA after 5 years? Why not pay the tax on a Roth conversion out of your IRA? Roth conversions vs. the medical insurance ACA subsidy, and what? Joe, arrogant?!
Which states are best for retirement taxes? When moving to a state with a lower cost of living, is it wise to take on mortgage debt to invest in the market? Does it make a difference if you do a Roth conversion before or after moving to another state? Plus, is it better to do Roth conversions with ETFs or mutual funds? Is zero percent long-term capital gains “a hoax”? Also, ABLE accounts for those with disabilities, and healthcare costs vs. taxes as they relate to medical debt, health savings accounts (HSA), and high deductible health plans (HDHP).
Is your advisor’s financial plan for you too cookie-cutter, set it and forget it? Should you stay or should you go? Joe and Big Al weigh in on whether a couple of listeners who are dissatisfied with their financial advisors should ditch the advisors or keep them. Plus, how should you choose investments in your […]
Danielle Kunkle Roberts of BoomerBenefits.com on Medicare basics, parts A to D, signing up, common mistakes, Medigap vs. Medicare Advantage, recent improvements to Medicare, and the future: will Medicare For All or Medicare At 50 become reality? Plus, Joe and Big Al answer your money questions: are health insurance premiums deductible? And when do you […]
Financial Educator Scott Huband, CFP® covers when the open enrollment period for Medicare opens and what exactly that means for you. Medicare’s open enrollment period runs from October 15 – December 7. In that period of time, you can make changes to your healthcare coverage. You can also add, drop, or make changes to your […]
What do you think your biggest expense in retirement will be? Housing, food or maybe Healthcare? Your biggest expense will likely be your taxes. Financial expert Joe Anderson breaks down ways you can navigate around paying more taxes during your golden years. Want more information? Download our Retirement Readiness Guide here. Subscribe to YouTube Channel
Do you have a plan in place to know when you are financially and emotionally ready to retire? Financial experts Joe and Al walk you through the vital questions to ask before you retire. 1. Can I Afford to Retire? 2. When Should I take Social Security 3. How Can I Reduce My Taxes In […]
Do you know where that big chunk of your paycheck is actually going to? Jack Dugan, CFP® explains in detail what the tax deductions on your paycheck mean by covering these four taxes: 1) FICA tax 2) Medicare tax 3) Federal Withholding tax 4) State tax Transcription: “Hi, I’m Jack Dugan, CERTIFIED FINANCIAL PLANNER™ and […]
In this episode short, Joe and Big Al show you how much of your income is projected to be spent on healthcare. Rising healthcare costs are one of the biggest pieces of the retirement puzzle, causing many people to have retirement shortfalls. Transcription: “In 2000, 16% of someone’s total income was going to healthcare. If […]