Avoid These 7 Common Estate Planning Mistakes
Estate planning is a critical component of a comprehensive financial plan. Anyone can easily misunderstand its complexities and nuances, leading to costly mistakes if not done the right way. Let’s explore seven common mistakes people often make with estate planning and how you can avoid them.
Should I Take the Standard Deduction or Itemize? | Ep #26
It’s a question many taxpayers ask themselves each year. Should I itemize my deductions, or should I take the standard? Of course, every situation is different. But today, I break down some factors that can affect this decision.
Financial Market Quarterly Commentary | June 2023
June was a strong month for equity markets as resolution of the debt ceiling impasse helped lower uncertainty and supported a risk-on environment. The positive monthly returns capped a solid quarter for stocks.
Secure Act 2.0 Mandates Roth Catch-up Contributions in 2024 | Ep #25
Congress has passed the SECURE Act 2.0. Among the many retirement plan changes are new catch-up contribution requirements. Alex Koury from Hosler Wealth Management joins Bruce today to explain.
How Property Owners Can Limit Taxes with a 1031 Exchange
Our team at Hosler Wealth Management focuses on limiting the amount of taxes our clients pay as they approach and enter retirement. One tax-saving tool is the 1031 exchange. Let’s look closer at what it is and how it can help you limit your tax liability.
Avoiding Probate Problems | Ep #24
Upon your passing, your estate could end up in probate. All your affairs will become public record, there can be delays on the paperwork, and there will, of course, be attorneys’ fees. Jason Hosler rejoins us today to talk about avoiding probate.
Leaving an Inheritance to Your Kids | Ep #23
Deciding what to leave to your children – and how to do it – is a challenging topic to bring up. But it’s crucially important to take care of this now while you are still able.
Explaining the Benefits of Asset-Based Long-Term Care
There’s a *70% chance that married couples over age 65 will have one of the spouses requiring long-term care.
In-home, hospice, nursing home, and other related long-term care are costly and can quickly drain a family’s wealth.
What We Mean When We Talk About a Tax-Free Retirement
We’re passionate about building a tax-free future for our clients.
Yes, tax free.
Most people like the sound of “tax free,” but what do we mean when we talk about creating a tax-free retirement? And how do we work to make that happen?
Income Taxes in 2023 | Ep #22
Bruce’s goal is always to move clients to “tax-free” vehicles, meaning repositioning or converting taxable and tax-deferred assets to tax-free vehicles like Roth IRA and 401(k) plans, life insurance retirement plans, and more.