PODCAST EPISODE 190: COVID CARES Act Roth Conversation + What We Learned From Trump’s Tax Returns

EPISODE SUMMARY

If you had an opportunity to use the IRS’s money to reinvest in a Roth would you take it? Of course! That opportunity is here. Paul and Cory discuss on a part of the CARES Act that allows you access to your 401k or IRA penalty-free.

WHAT WAS COVERED

00:00 – Special welcome message
00:30 – Show starts
01:05 – Paul welcomes listeners
03:00 – What’s in the news today
05:29 – Where the tax brackets have been
08:10 – The new Sound Financial Group CFS (COVID Financial Strategy)
11:50 – What qualifies you for the first strategy
15:20 – Our unique Roth conversion
22:05 – Reaching out for assistance
24:36 – Why big-box retailer isn’t using this strategy
26:00 – Paul’s encouragement to the listeners
28:15 – Wrapping up the episode
29:01 – Show ends, thank you for listening

TWEETABLES

[Tweet “We have not seen tax legislation that waves penalty fee’s since the advent of the Roth account. #YourBusinessYourWealth”]

[Tweet “Those of us that have accumulated more wealth, Those of us that have higher levels of income are going to be taxed more heavily. #YourBusinessYourWealth”]

[Tweet “big-box financial retail won’t show this CARES Act strategy… #YourBusinessYourWealth”]

LINKS

Access to our Covid Related Roth Conversion Strategy

Curious what you can accomplish with our help? Schedule a free 15-minute meeting with us! sfgwa.com/scheduling

Sound Financial Group’s Website for a Financial Inquiry Call – [email protected] (Inquiry in the subject)

Your Business Your Wealth on Instagram

Your Business Your Wealth on Facebook

Sound Financial Group on LinkedIn

Paul Adams on LinkedIn

Cory Shepherd on LinkedIn

Cape Not Required (Cory’s Book)

Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Loserthink: How Untrained Brains Are Ruining America

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MUSIC CREDITS

Contains a sample of “King” by Zayde Wølf courtesy of Lyric House.

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Transcribed by https://otter.ai

This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.

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