Podcast And Blog
PODCAST EPISODE 287 Young + 401(k) = IRS Wins
WHAT WAS COVERED 0:12 – Introduction to this episode. 1:15 – The government has increased regulation around retirement plans 3:35 – Retirement account as a tax-deductible 5:01 – What a retirement account actually costs you 7:57 – What the IRS does is absolute robbery 18:14 – You will most likely retire in a higher tax bracket 21:41 – The episode…
PODCAST EPISODE 286 – Dave Ramsey’s PPP Advice Worse Than Fraud?
WHAT WAS COVERED 0:15 – Introduction to this episode. 3:16 – What should I do with my PPP loan? 9:41 – Being good stewards of your capital. 15:07 – How to filter what you say against reasonableness? 19:56 The trade-off between short-term pain and long-term pain. 24:08 – Take a pay cut or take a pay vacation. 28:43 – It’s…
PODCAST EPISODE 285 – Does Your Bank Offer a Wealth Coordination Account?
WHAT WAS COVERED 0:12 – The episode starts2:59 – The biggest quandary of the credit union.5:37 – Taking pictures of bank signs.8:08 – The problem with budgeting and saving.12:46 – The residue model vs. the catalytic model.14:25 – The importance of having a wealth coordination account.17:05 – Taking back the use of financial products.22:10 – What does it mean to…
PODCAST EPISODE 284 – How Annuities Work…Or Don’t
WHAT WAS COVERED 0:12 – Start of the episode 1:43 – What is an annuity? A vehicle? 4:48 – What does an annuity do? 10:23 – What happens inside the annuity? 13:00 – The investments inside most annuities. 17:27 – No upfront sales charge. 19:12 – The different types of annuities. 21:46 – Qualified annuities. 26:08 – The downside of…
PODCAST EPISODE 283 – 401(k) vs. Roth 401(k) What’s The Difference?
WHAT WAS COVERED 0:12 – Podcast starts 1:34 – The basics of a 401k. 3:56 – What actually happens in Korea? 6:37 – Building financial independence for the sake of a “work optional” lifestyle. 11:44 – Do you know what the tax rate is for retirement? 14:06 – How to calculate the tax liability. 16:08 – How much money should…
PODCAST EPISODE 282 – IRA vs. Roth What’s The Difference?
WHAT WAS COVERED 0:08 – Introduction to today’s episode. 1:42 – Understanding the tax burden of an IRA. 3:11 – What is the net amount each year? 4:33 – What happens if tax rates are higher? 5:58 – The difference between traditional and Roth IRAs. 7:31 – No taxes on the Roth IRA. 9:08 – The benefit of having multiple…
