Jeremiah and Brian explore essential financial strategies for retirees navigating today’s unpredictable economic landscape. We discuss handling stock market volatility through diversification and risk tolerance, as well as optimizing tax-efficient withdrawal strategies from retirement accounts to minimize taxes and manage required minimum distributions (RMDs). Additionally, the guys address the impact of inflation on retirement planning and the need to adjust financial strategies to maintain purchasing power. Finally, we analyze key economic indicators and investment strategies during uncertainty, emphasizing the importance of aligning your approach with long-term financial goals for a secure retirement.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley & Jeremiah Bates ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com Ataraxis PEO https://ataraxispeo.com Tree City Advisors of Apollon: https://www.treecityadvisors.com Apollon Wealth Management: https://apollonwealthmanagement.com/ Formations: https://get.formationscorp.com/real-money-pros —————————————————————

It’s October, so now is the time to discuss end-of-year tax planning for business owners. The team emphasizes the importance of organizing your books, categorizing expenses correctly, and maximizing deductions before December 31st. CPA Stephanie Helms also shares insights on tax projections to help you save money. Stephanie also breaks down the Corporate Transparency Act (CTA), which requires business owners to file a beneficial ownership report by the end of the year. She explains what this means for both small and large businesses, along with the penalties for non-compliance. We also cover market and economic trends, examining how global events, rising interest rates, and market volatility in September and October could affect your investments. Finally, we focus on capital gains tax planning, offering strategies for timing asset sales, qualifying for long-term capital gains rates, and offsetting gains with losses to reduce tax liabilities. It's time to wrap up your 2024!   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley & Jeremiah Bates   Guest: Stephanie Helms, CPA https://davestewartcpa.com/ ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

This last Saturday, Brian and Jeremiah were joined by attorney Steve Rausch to dive into some critical financial topics for business owners and families. First, they explored the new FinCEN Beneficial Ownership Reporting Requirements. Starting January 1, 2025, businesses must report their beneficial ownership to the Treasury Department to combat tax evasion and money laundering. Non-compliance could result in hefty fines and jail time, so make sure you’re prepared! The team discussed the importance of prenuptial agreements in estate planning. Prenups are especially vital for those in second or later-in-life marriages, as they protect personal and financial assets in case of divorce or death. Next, they tackled trusts and estate planning for business owners. Trusts help avoid probate and ensure seamless asset transfer, but they can complicate FinCEN reporting. It’s crucial to plan carefully when using trusts in business ownership. Finally, the team looked at entity structuring and asset protection. Setting up LLCs and holding companies can safeguard personal assets from business-related liabilities, but you need a clear strategy to stay compliant with FinCEN regulations.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley & Jeremiah Bates Guest: Steve Rausch, Attorney steverauschlawoffice.com ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

In this episode, we dive into the implications of the Federal Reserve's recent 0.5% interest rate cut, examining how it affects the economy, inflation, and financial products like loans and savings accounts. We also tackle the rising costs of living due to inflation, focusing on how essentials like groceries and auto insurance impact consumers daily. As we navigate this changing economic landscape, our experts discuss adaptive investment strategies, particularly for income investors, and the importance of tailoring portfolios to respond to potential future rate changes. Lastly, we explore retirement savings options for business owners and self-employed individuals, detailing plans such as traditional IRAs, SIMPLE IRAs, SEP IRAs, and solo 401(k)s. Understanding these options is crucial for optimizing tax benefits and ensuring a secure financial future.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Jeremiah Bates & Nic Daniels ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

With the rising cost of living, can young adults cover essentials like rent, food, and bills without relying on parental support? In this episode, we dive into the financial independence of young adults in today's challenging economic climate and compare it to previous generations. The conversation also sheds light on the reality of low starting wages in certain fields—such as teaching—especially in places like Idaho, where financial struggles can be more pronounced. We discuss various strategies parents are using to help their children through this transition period, from keeping them on family plans to offering direct financial assistance for major expenses like buying a home. Is it necessary for today’s parents to support their children when they first leave the house?   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Jeremiah Bates & Nic Daniels ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com Ataraxis PEO https://ataraxispeo.com Tree City Advisors of Apollon: https://www.treecityadvisors.com Apollon Wealth Management: https://apollonwealthmanagement.com/ Formations: https://get.formationscorp.com/real-money-pros —————————————————————

Jeremiah and Alex explore the impact of Federal Reserve interest rate changes on fixed-income investments like CDs and bonds. As rates rise, CDs become popular, but reinvestment risks loom when rates fall... We also discuss the inverse relationship between interest rates and bond prices, guiding you on how to navigate this shifting terrain. Next, we compare 401(k)s, Roth IRAs, and Traditional IRAs. The tax implications of each, contribution limits, and strategies like the “backdoor Roth IRA” for high-income earners. We also delve into effective investment strategies, including asset allocation and diversification. We highlight the risks and rewards of individual stocks, such as Nvidia, and the influence of market trends and geopolitical factors on your portfolio.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Jeremiah Bates & Alexandra Lundgren ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com Ataraxis PEO https://ataraxispeo.com Tree City Advisors of Apollon: https://www.treecityadvisors.com Apollon Wealth Management: https://apollonwealthmanagement.com/ Formations: https://get.formationscorp.com/real-money-pros —————————————————————

This Saturday, we start by exploring the tax-efficient approach of Net Unrealized Appreciation (NUA) for managing company stock within a 401(k), explaining how you can potentially lower your tax burden. We analyze the anticipated Federal Reserve rate cuts and their implications for different market sectors and your investment portfolio. Do you feel like inflation has slowed down enough to cut rates? We also tackle common IRS challenges, including tax filing and payment issues, and share tips on how to contest penalties through the taxpayer relief office. Learn about IRS Rule 72(t), a crucial tool for those considering early retirement, which allows penalty-free early withdrawals from retirement accounts. Finally, we cover key retirement planning strategies, focusing on managing taxable income to qualify for health insurance subsidies and optimizing your Social Security benefits.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley Nic Daniels ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

How much do you tip the waiter when they ask? On Saturday, we dove into the complexities of taxation for tipped employees, exploring whether tips should be taxed and how it impacts Social Security, FICA, and eligibility for tax credits and public assistance. We also discuss the potential benefits of investing in Opportunity Zones, areas designated for economic development that offer unique tax advantages for those looking to revitalize communities. Our conversation then shifts to wealth-building strategies, unpacking how the wealthy leverage tools like Delaware Statutory Trusts (DSTs), Opportunity Zones, and 1031 exchanges to grow their wealth while minimizing taxes. Finally, we offer financial planning advice for young adults, focusing on the importance of starting early with a Roth IRA, building strong savings habits, and the value of mentorship in financial literacy.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley Alexandra Lundgren ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

In this episode, we dive into the complexities of market volatility and its impact on retirement planning, particularly for those approaching retirement. We discuss the recent market sell-off, its global roots, and the implications for the 401(k) accounts of those nearing retirement. You'll learn about the carry trade strategy and how it influences currency exchange rates and interest rates, contributing to recent market movements. Our hosts offer practical advice on adjusting your investment strategy, emphasizing small, strategic reallocations over emotional, large-scale changes. We also explore the importance of risk assessment tools like Nitrogen (formerly Riskalyze) to ensure your portfolio aligns with your retirement timeline and goals. Want a free portfolio analysis through Apollon Wealth Management? Reach out to us using the link below!   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley Jeremiah Bates ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com Ataraxis PEO https://ataraxispeo.com Tree City Advisors of Apollon: https://www.treecityadvisors.com Apollon Wealth Management: https://apollonwealthmanagement.com/ Formations: https://get.formationscorp.com/real-money-pros —————————————————————

Jeremiah Bates runs solo to break down asset allocation vs. asset location: diversification vs. location. He also compares Roth IRAs and traditional IRAs, focusing on tax advantages and when to use each, including backdoor Roth IRA strategies for high-income earners. Tackling market volatility, he discusses the stock market's unpredictable nature and emphasizes long-term strategies. Plus, we analyze Intel's recent stock performance, broader market trends, and the impact of Federal Reserve policies on interest rates and asset classes…   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com Host: Jeremiah Bates ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com Ataraxis PEO https://ataraxispeo.com Tree City Advisors of Apollon: https://www.treecityadvisors.com Apollon Wealth Management: https://apollonwealthmanagement.com/ Formations: https://get.formationscorp.com/real-money-pros —————————————————————

We dive into the recent market volatility influenced by key economic indicators like jobs reports, leading to a shift from equities to bonds. We also discuss various investment strategies, emphasizing the importance of a balanced portfolio, the potential risks in tech stocks, and the nuances of speculative trading with options. We also explore how the upcoming presidential election could impact the markets, with a focus on sectors like defense, energy, and healthcare. Intel's recent challenges, including a significant stock drop, layoffs, and dividend suspension, are analyzed, along with its long-term prospects in the AI and chip industry. How to maintain your long-term investment strategies despite market fluctuations and introducing the "bucket system" for asset allocation. Dividing assets into cash, income, and growth buckets can help manage risk and align with your financial goals.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley, Jeremiah Bates, Ben Barzideh ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

Recent GDP data shows higher-than-expected growth driven by robust consumer spending, suggesting a healthy economy… But does your personal finances feel the same way? Our discussion also covers the Federal Reserve's potential interest rate cuts amid moderating inflation and strong GDP growth, and their implications for the economy and stock market. We also talk about the importance of planning, understanding market volatility, and the differences between income-focused and growth-focused portfolios. Finally, we touch on estate planning topics such as the step-up in basis, required minimum distributions (RMDs), and the fairness of estate taxes.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley Jeremiah Bates ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

In the second hour of last Saturday's show, Brian Wiley and guest Matt Nadeau, an advisor with Piershale Financial Group of Apollon, tackled retirement planning and tax management for small business owners. Brian criticized the uneven retirement savings options between large and small businesses, advocating for uniform deferral limits. They highlighted the need for a team of professionals, including financial and tax advisors, to navigate complex financial issues. The discussion also covered the benefits of Health Savings Accounts (HSAs) for tax advantages and medical expense flexibility and more!   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley Matt Nadeau, Wealth Management Advisor https://www.piershalefinancial.com ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

In this episode, Jeremiah Bates is joined by Ben Barzideh, a Wealth Management Advisor with Piershale Financial Group of Apollon. They discuss the recent CrowdStrike cybersecurity incident that occurred last Friday and its significant impacts on industries and the stock market. They emphasize the importance of diversification in investment portfolios to mitigate risks of over-concentration. Practical advice is offered for business owners and investors on protecting themselves through insurance and strategic diversification. Additionally, Jeremiah and Ben highlight the importance of early tax planning with a CPA, especially for small business owners. Guidance on setting up retirement plans, such as 401(k) and Simple IRA, is provided, detailing their administrative requirements and benefits.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Jeremiah Bates, Wealth Management Advisor Ben Barzideh, Wealth Management Advisor https://www.piershalefinancial.com ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

Jeremiah and Nic explore crucial aspects of financial planning and retirement readiness. We emphasized the necessity of open dialogue about money matters and ensuring that financial decisions align with personal goals and needs. Our discussion covered diverse income sources for retirement, managing expenses within budget constraints, and addressing the emotional aspects of transitioning into retirement. We also delved into the pivotal role of financial advisors in guiding clients through financial behaviors, risk management strategies, and estate planning. We stressed the importance of categorizing expenses into essentials, wants, and wishes in retirement planning, prioritizing non-negotiable needs such as healthcare and utilities.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Jeremiah Bates, Financial Advisor Nic Daniels, Financial Advisor ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

Jeremiah Bates and attorney Steve Rausch emphasize the significance of estate planning and the benefits of using trusts to manage assets, maintain control, and minimize tax implications. They compare the tax implications of gifting property versus transferring through an estate plan, stressing the importance of understanding cost basis and capital gains taxes. They touch on some anticipated tax law changes, especially the potential sunsetting of the Tax Cuts and Jobs Act, highlighting the need for proactive financial planning. Additionally, they cover the importance of long-term care planning and appropriate insurance policies, noting rising costs and the need to prepare in other ways besides just insurance.   (Also, sorry for the audio quality... oops!)   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Jeremiah Bates, Financial Advisor Steven Rausch, Attorney ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

We are joined by Shahar Plinner, the CEO and founder of Formations, to delve into essential tax planning and business structuring strategies for small business owners. We discuss the significant benefits of transitioning to an S corporation, including reduced self-employment taxes and simplified financial management. Learn how Formations offers comprehensive services like legal entity setup, payroll management, and tax filing while still providing personal expert advice. We'll also discuss the crucial need for professional financial guidance for the self-employed and address common misconceptions about its cost. Maximize your business's tax savings!   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Guest: Shahar Plinner, CEO/Founder of Formations Hosts: Brian Wiley, Financial Advisor Jeremiah Bates, Financial Advisor ————————————————————— SPONSORS: Formations: https://get.formationscorp.com/real-money-pros   Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/ —————————————————————

In this episode of The Real Money Pros, host Brian Wiley and attorney Steve Rausch from Gravis Law explore key topics in estate planning and asset protection. Steve explains the differences between wills, which go through probate, and trusts, which can avoid probate if properly set up. They discuss the importance of titling accounts and designating beneficiaries to avoid probate, focusing on transfer on death (TOD) and pay on death (POD) designations, and joint accounts. Steve also covers how state laws affect asset ownership and distribution, especially in divorce and estate planning contexts. Learn how to efficiently protect your assets and get it right the first time.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley, Financial Advisor Steven Rausch, Attorney, Gravis Law ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros ————————————————————

Brian and Jeremiah are back live to discuss recent market movements, emphasizing the Federal Reserve's efforts to manage inflation and the impact of the latest PCE data on interest rates. They cover various investment strategies, recommending dividend-paying stocks over conservative options like CDs, and critically examining fixed and indexed annuities, noting their complexities and potential downsides. Additionally, they explain strategies for accessing retirement funds early without penalties, including IRS rule 72(t) for IRAs, age rules for 401(k) and 457 plans, and utilizing Roth IRA contributions.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley, Financial Advisor Jeremiah Bates, Financial Advisor ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

In this episode, Brian Wiley rides solo and provides essential financial advice on generating income for retirement through a three-bucket strategy: cash for immediate needs, income for consistent revenue streams, and growth for long-term investments. The discussion includes tips on avoiding emotional investing, the benefits of index funds, and the pitfalls of high-yield investments and gold. Additionally, Brian talks about the risks (and opportunities) of investing in distressed stocks, emphasizing diversification and professional guidance when needed. He covers tax-saving strategies for self-employed individuals, including the advantages of structuring businesses as LLCs or S-Corps to maximize dividend distributions.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley, Financial Advisor ————————————————————— SPONSORS:   Guild Mortgage: https://guildmortgage.com/daveperry   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————