In Episode 303 of More than Commas, Elijah Fowler talks about the differences between traditional 401(k) and Roth 401(k) retirement plans. He explains that traditional 401(k) contributions are made with pre-tax dollars, providing immediate tax benefits, while Roth 401(k) contributions are made with after-tax dollars, allowing for tax-free withdrawals in retirement. The episode also covers employer matching contributions, withdrawal …
PODCAST EPISODE 302 – Backdoor Roth
In episode 302 of More Than Commas, Host Paul Adams discusses the Backdoor Roth IRA, a strategy designed for high-income earners who exceed the income limits for direct contributions to a Roth IRA. Listeners will learn how to navigate these limits and create a more tax-efficient retirement strategy. Check out the Backdoor ROTH material here: https://sfgway.com/backdoor-roth-summary/ __________ Join Sound …
PODCAST EPISODE 301 – Roth IRA vs. Traditional IRA
In this episode of More than Commas, host Paul Adams unpacks the crucial differences between Roth IRAs and Traditional IRAs, two popular retirement accounts. Discover how taxes, contribution limits, and withdrawal rules impact your financial future. Paul explains the tax benefits of each account, eligibility requirements, and the implications of Required Minimum Distributions (RMDs). Whether you’re seeking immediate tax relief …
PODCAST EPISODE 300 – Introducing More Than Commas
In this episode of More than Commas, host Paul Adams unveils the exciting rebranding of the podcast, formerly known as Sound Financial Group Podcast. With the new tagline “Your wealth is more than commas,” Paul explains the motivation behind this change, emphasizing that true wealth encompasses more than just financial figures. Listeners can expect a broader conversation about living a …
PODCAST EPISODE 299 – Dave Ramsey can bankrupt you with this advice
WHAT WAS COVERED 0:12 – Episode starts. Misinformation on safe withdrawal rates of retirement assets. 4:20 – Retirement income strategies and portfolio management. 10:00 – Is a 10% withdrawal rate safe for your portfolio? 13:29 – Retirement distribution rates and portfolio sustainability. 19:34 – The one thing Paul agrees on with Dave Ramsey. 23:34 – Seek help, and listen …
PODCAST EPISODE 298 – Maximizing Your Retirement Income with Whole Life Insurance
WHAT WAS COVERED 0:12 – Episode starts. Life insurance death benefits while still alive. 2:45 – Using whole life insurance for efficient retirement planning. 8:30 – Whole life insurance growth rate. 13:46 – Using life insurance death benefit for retirement planning. 19:41 – Retirement planning and life insurance. 25:04 – Using whole life insurance for investment and tax planning. …
PODCAST EPISODE 297 – How Much Life Insurance Should You Own?
WHAT WAS COVERED 0:12 – Episode starts. Life insurance sales strategies and their limitations. 4:44 – Retirement planning and life insurance. 11:39 – Life insurance costs and benefits. 18:01 – Term insurance and its impact on retirement savings. 24;07 – Life insurance and its importance. LINKS #217: Is the 4% Rule in Retirement Dead? Tips on 529 Plans: https://youtu.be/2bPO5UfzyX4?si=Xz0nwl8G9aD_jtBj …
PODCAST EPISODE 296 – Should I Buy Life Insurance for My Kids?
WHAT WAS COVERED 0:12 – Episode starts. Life insurance basics and debunking financial celebrity misinformation. 4:31 – Life insurance for children and its emotional implications. 8:58 – Life insurance for parents and children. 13:27 – Juvenile life insurance and its benefits. 18:19 – Life insurance growth and tax benefits. 22:46 – Life insurance for children with cash value growth. …
PODCAST EPISODE 295 – The Three Stooges, Jimmy Carr, Whale Oil, and Playgirl…
WHAT WAS COVERED 0:12 – Episode starts. Financial principles and industry change. 3:42 – Rapid industry change and market forces. 7:49 – Investing in a rapidly changing market. 12:02 – Financial scams and how to avoid them. 15:16 – Investment fraud and scams. 21:50 – Episode ends. [Tweet “DMing leads to a WhatsApp, which leads to a telegram, which …
PODCAST EPISODE 294 – Dave Ramsey Doesn’t Understand Life Insurance (Part 2)
WHAT WAS COVERED 0:12 – Life insurance and investment strategies. 3:30 – Financial advice and misleading statements. 7:42 – Using whole life insurance for investment. 11:23 – Bank-owned life insurance and its implications. 15:11 – Dave Ramsey’s misinformation about whole life insurance. 20:50 – People need to know, so spread the word. [Tweet “Dave Ramsey is literally just making …