Managing Through an Unexpected Job Transition Getting laid off from a job upends almost every aspect of your world. Besides the financial impact, there may be emotional, psychological, social, and even physical implications. The goal is to turn a loss into a successful transition to the next stage of your career. Having this happen as …
Seniors & Financial Scams As a Gen X Sandwich Generationer, I understand the crucial role we play in our families’ lives. We are not just raising our own children but also guiding our Boomer parents through the challenges of aging, including the threat of financial scams. There’s a lot to think about, plan for, and …
Understanding Real Estate Investing: The Significance of a 1031 Exchange into a DST If you own real estate as an investment property, at some point, you may have considered selling your asset and replacing it with another property for any of several reasons. Typically, investors who do this often consider a 1031 exchange. This …
Understanding Real Estate Investing: The Significance of a 1031 Exchange into a DST Read More »
529 Plans and SECURE 2.0: More Flexibility The cost of college has skyrocketed, and it raises the question of whether the cost/benefit assumptions of a college education should be revisited. The Federal Reserve did just that, with a web feature called “The Labor Market for Recent College Graduates.” This is an interactive, consistently updated …
https://www.youtube.com/watch?v=fysOehZkpT8 Summary & Disclosure Key Themes: ROM (Return on Memories) Key Themes: 1. **Return on Memories (ROM):** Struthers introduces ROM as a concept parallel to financial returns but focused on the value derived from experiences and memories. 2. **Investment Analogies:** Use of financial terminology like ROI, dividends, and returns to draw parallels between financial investments …
3 Ways To Get A High ROM – A Return On Your Memories Read More »
https://youtu.be/y_-_kBtK7CE Mark Struthers, a Certified Retirement Counselor, hosts the Healthy and Wealthy Retirement YouTube channel, focusing on holistic aspects of retirement beyond finances, including social, physical, and emotional wellbeing. In a recent video, he discusses the impending expiration of the Tax Cuts and Jobs Act (TCJA), set for 2026, and the impact of its sunsetting …
TCJA Sunset Follow-Up – Gifting – Thoughts From The IWI Conf Read More »
https://youtu.be/ghC-S8N2P60 Bullet Point Summary: – The episode discusses relocating to low-income tax states, a trend that was seen among people moving from high-tax states like New York and Minnesota to states like Florida and Texas for tax benefits and warmer weather. – Total tax burden should be considered, including local and state taxes, as well …
Keystone Activities and Their Role In A Happy Retirement Read More »
https://youtu.be/w6xLmPRi5YU Things To Know If Moving To A Low-Income Tax State For Retirement He advises viewers to look beyond income tax rates and assess the total tax burden, including local and state taxes, and whether the new state taxes Social Security. Property taxes should be reviewed for their potential impact on cost savings, while home …
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https://youtu.be/zG_zMsmXhNw Today’s discussion focuses on the “bucket strategy” for allocating retirement funds, which helps manage risk by separating assets into different categories based on time or spending types. The first bucket strategy divides assets into three categories: the first bucket holds low-risk, easily accessible assets like T-bills and money market funds to cover immediate expenses …
