Podcasts

CAPitalize Tomorrow’s Finances – Season 2: Episode 10
Capitalize

CAPitalize Tomorrow’s Finances – Season 2: Episode 10

November 22, 2021

One of the more exciting aspects of financial planning is setting yourself up for the future. While making and sticking to monthly budgets may be a bit boring (although necessary), learning to invest your money for the future, and knowing there is potential for it to grow (maybe a LOT!), can make things really interesting and exciting. Today’s podcast talks about how you can CAPitalize tomorrow’s finances, and, with luck, set yourself up for a comfortable and fulfilling retirement. Today we start the journey toward tomorrow!  Have a listen and find out what the next steps will be!
What You Need to Know About Inheriting an IRA – Season 7: Episode 9
Managing Your Financial Future

What You Need to Know About Inheriting an IRA – Season 7: Episode 9

November 9, 2021

It’s always nice to receive a big chunk of money outside of our normal expected income. Whether it’s a bonus check from work, a lottery windfall, or an inheritance of some kind, any extra cash is generally a good thing. If you’ve inherited an IRA, though, whether it’s from a deceased spouse or someone else entirely, there are some rules you need to be aware of. Depending on when the person died and how old you are when you received the asset, among other things, if you’re not careful with how you treat it, you could be looking at a bigger tax bill than you’d expected.
CAPitalize Your Debt Rate -Season 2: Episode 9
Capitalize

CAPitalize Your Debt Rate -Season 2: Episode 9

November 8, 2021

On the last episode, I talked about the differences between “good” and “bad” debt. And yes, there are differences: major ones! To follow up on that, this week’s podcast is devoted to CAPitalizing your debt RATE. This is because there’s a big difference between what you owe, and how much interest you have to pay on what you owe. Finance is all about the little things, and this is why we strategize and plan together.
Is Now A Good Time to Convert to a Roth IRA? – Season 7: Episode 8
Managing Your Financial Future

Is Now A Good Time to Convert to a Roth IRA? – Season 7: Episode 8

November 2, 2021

Congress passed a law a few years ago that temporarily lowered tax rates across the board for most individuals. With these laws set to expire after 2025, you might be wondering: is now a good time to convert my traditional IRA to a Roth IRA? It might be, but you should be aware of the consequences of adding extra income to your tax return. While tax rates might be favorable right now, if you decide you want to convert a large sum — that is, extend yourself up another bracket or two — you may be subjecting yourself to more than just extra taxation on that conversion. What should you be aware of if you decide to convert to a Roth?
CAPitalize Good and Bad Debt -Season 2: Episode 8
Capitalize

CAPitalize Good and Bad Debt -Season 2: Episode 8

October 25, 2021

For those who are accustomed to hearing that all debt is bad, when they’re told that there is actually such a thing as “good debt,” they’re often more than a little skeptical. This can be a hard concept for many people to understand. Believe it or not, there are strategic ways to utilize debt to your potential advantage. The key is to understand which debts are good, and which ones are bad. Knowing the difference between the two can make a big difference in your financial life.
Answering Your Most Common Social Security Questions – Season 7: Episode 6
Managing Your Financial Future

Answering Your Most Common Social Security Questions – Season 7: Episode 6

October 19, 2021

This episode covers some of your most common Social Security questions that we get every week: How can I avoid paying taxes on my benefits? Is there an ideal age to start taking benefits? Can I collect a benefit even if I’m still working? How do the spousal and survivor benefits work? Social Security provides a baseline for many people’s retirement plans, which is why it’s important to be as well-informed on the topic as you can be.
How to Set Up Bucket One- Season 7: Episode 5
Managing Your Financial Future

How to Set Up Bucket One- Season 7: Episode 5

October 12, 2021

The basic idea of a Buckets strategy involves taking portfolio distributions from a non-volatile source: what we call Bucket #1.  You never want to be in a position where you have to sell volatile assets (like stocks) to fund your short-term monthly expenses. But does this mean that you need to have several years’ worth of cash sitting around to make sure it’s there when you need it?  The short answer is no – you just need to “bucketize” the bucket. But how do you do that?  It’s not as simple as it seems.
CAPitalize Your Debt -Season 2: Episode 7
Capitalize

CAPitalize Your Debt -Season 2: Episode 7

October 11, 2021

For those who owe a lot of money to creditors, debt can seem like a really bad thing. And the bigger the debt, the worse the situation. And for those on the other side of the spectrum, those who are essentially debt-free, life can certainly seem a lot easier, at least financially speaking. There’s no shortage of financial pundits who tell you how much better your life will be if you eliminate all of your debts. But is this really sound advice? Perhaps not. There may be some instances where debt can actually work in your favor.
How To Manage Your Tax Bill, Now and in Retirement – Season 7: Episode 4
Managing Your Financial Future

How To Manage Your Tax Bill, Now and in Retirement – Season 7: Episode 4

October 5, 2021

It’s been said that taxes are perhaps the biggest drag on your portfolio’s returns. So it would stand to reason that managing your taxes, with the goal of keeping them as low as possible over the course of many years, should be one of your biggest financial planning priorities. But “managing” your taxes is different from “minimizing” them. There may indeed be times where paying a little more in taxes now could save you much more down the road: maybe for the rest of your life.