Plan With Dan

Tax Code Changes (With Special Guest): Part 2

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We'd like to welcome back special guest Deb Oskin. Deb is an Enrolled Agent and ordained minister. We'll discuss her role in helping members of the clergy with tax preparation.

 

Click here for the "Retirement Rescue Toolkit".

 

For more information on Deb Oskin's tax services, visit http://www.oskintax.com/

 

 

Tax Code Changes (With Special Guest): Part 1

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We are joined by special guest Deb Oskin, an enrolled tax agent and an ordained minister, to unpack the recent changes to the United States' tax code.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

 

For more information on Deb Oskin's tax services, visit http://www.oskintax.com/

 

 

Financial Resolutions

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You’ve probably made some resolutions for 2018. You’ve probably already failed at some of those resolutions. So, maybe take a stab at starting some very attainable financial resolutions.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Collision Of Fear And Greed

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The fear we all felt in 2008 is in the rearview mirror. Now the natural response is to be greedy with the recent stock market success we've experienced. How can we reconcile and deal with these different emotions as we try to successfully navigate through the current economic landscape? Dan takes a peek at the collision that takes place betwen our emotions and our financial goals.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Common 401k Questions

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A lot of Americans have 401k accounts. Let’s cover some of the common questions we get from 401k owners. You probably have some of these questions on your mind anyway. Oh, and this advice generally applies if you have a 403b or similar type of account, too.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Financial Santa Claus

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In the spirit of the holiday season, let’s pretend that Dan is Santa Claus, and he's filling up the stockings of retirees and pre-retirees with useful financial resources. But you can only fit 6 items into the stocking. Which 6 would you choose?

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Story Time: Fee Shock

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Let’s hear about a time when somebody was completely shocked to find out what exactly they were paying in fees inside their portfolio.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Financially Savvy Grandparenting: Part 2

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Part 2 of our discussion of the 7 tips for grandparents to consider as they help their grandchildren grow into financially savvy adults.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

 

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Financially Savvy Grandparenting

A common question we often get, that’s not even really related to investing, is from retirees wanting to know how they can help pass their financial wisdom on to the next generation. So, let’s touch on six tips for grandparents to consider as they help their grandchildren grow into financially savvy adults.

 

1 – Don’t underestimate the power of the Roth IRA.

  • Additional years of tax-free growth can be extremely power.

 

2 – Understand how to help with college savings.

  • Example: 529 plans will count against kids when applying for aid. Think about keeping money in your name instead of your grandkids.

 

3 – Find creative ways to help kids have an appreciation for saving and investing

 

4 – Understand that it’s a different world today, from the one you grew up in.

  • Not as realistic for someone to work their way through school these days. Higher demands on students and the college costs are way out of whack. Realize the impact of your help with that phase of life.
  • At the same time, understand that there are values from your generation (work ethic, etc...) that your grandkids would benefit to learn.

 

5 – Gift money with purpose

  • Don’t just give money to grandkids for the sake of it. Try to earmark it. This $100 is for college. Or this $250 is for your first car.
  • As often as you can, earmark the money because that’s going to encourage them to save it for a longer period of time instead of wasting it within a week.
  • Don’t be afraid to have the discussion about why you’re earmarking the money. It’s a great learning opportunity.

 

6 – Don’t downplay the importance of money

  • Don’t pretend that money isn’t important. Instill in your grandchildren early on that handling money in a smart and generous way is an important aspect of life.
  • Encourage casual conversations about money to help foster this mentality. Don’t make talking about money taboo.

 

7 – Understand how kids, especially teenagers, might perceive your complaints about the economy and stock market.

  • If you’re constantly harping on a message of fear, it could negatively impact a child’s view of investing in the market.
  • Be careful of what you say and how you act around the younger generation. They pay attention and not all of your opinions would be beneficial to a teenager’s perspective on investing.
  • And kids learn even more by watching what you do, not just what you say. Make sure your actions back up your words and the proper messages will really sink in.

Financially Savvy Grandparenting: Part 1

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A common question we often get, that’s not even really related to investing, is from retirees wanting to know how they can help pass their financial wisdom on to the next generation. So, let’s touch on seven tips for grandparents to consider as they help their grandchildren grow into financially savvy adults.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Story Time: In The Nick Of Time

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Occasionally, someone meets with an advisor just in the nick of time. Let’s hear about a time a client was about to make a bad financial mistake, but it was averted because of meeting with Dan Betzel.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Mailbag: End Of Year Planning, Nursing Homes, Hating Advisors

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Let's answer your questions about end-of-year tax planning, how to handle assets before entrance into an nursing home and what to do if you hate all the financial advisors you've ever met.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Couch Potato Dollars

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You haven’t gotten where you are in life by being lazy. If you have had children, you probably frequently told them not be a lazybones (or worse). You should do the same thing to your money. Get it off the couch. Lazy money or “couch potato dollars” can endanger your portfolio. Let’s talk about why that is.

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Elephants In The Room

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When it comes to retirement planning, there can be several elephants in the room. Let’s discuss how a great retirement plan makes sure to address each of these elephants. And don’t let them catch you not paying attention. You know an elephant never forgets.

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

 

Glory Days

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It can be fun to reflect on the glory days of your life and the way things used to be. And it’s no different in the financial world; retirement planning used to be a lot easier than it is now. Let’s discuss a few issues that make retirement planning harder in today’s world.

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Opportunities For Improvement

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Sometimes people just need a complete overhaul of their financial plan. Other times it’s just a matter of a few tweaks that make all the difference. Let’s look at some of the easy opportunities for improvement we commonly see in the investing world.

 

For the "Retirement Rescue Toolkit", visit https://bv341.infusionsoft.com/app/page/taxfree-kit

Mailbag

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We answer listener questions about long-term care, pensions, and advisor selection.

Unasked Questions

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Lots of people have questions about their retirement, but most people should be asking other questions that they don’t even know to ask. Let’s break down the “un-asked questions” of the financial world. 

Retirement Regrets

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The old saying goes, “Smart people learn from their own mistakes. Geniuses learn from the mistakes of others.” Let’s look at some of the regrets we hear from people who wish they’d made different financial decisions, so you can learn from those missteps.

Required Minimum Distributions

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Find out what required minimum distributions are and learn how you can factor them into your retirement planning.

Mailbag

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Dan answers questions from listeners about 401(k)s, CDs, and life insurance.