Podcast
#28 | Stop Contributing to IRAs and 401Ks
Show NotesTranscriptView All Episodes In this episode of "Protecting and Preserving Wealth," Bruce and Jon discuss a counterintuitive approach: discontinuing contributions to traditional IRAs and 401ks. Drawing insights from IRA distribution expert Ed Slott, I challenge established retirement planning conventions. Slott is a recognized authority in IRA planning, is a professional speaker, best-selling author, and well-regarded by The Wall StreetRead more
#27 | What Happens To My Trust When I Die?
Show NotesTranscriptView All Episodes Many of our listeners have established a trust for their assets upon passing. And while nobody wants to think about their mortality, today I explain what happens to that trust when you pass. The first thing that happens is that your living revocable trust becomes an irrevocable trust, and your successor trustee is now in chargeRead more
#26 | Should I Take the Standard Deduction or Itemize?
Show NotesTranscriptView All Episodes 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. Since the Tax Cuts and Jobs Act (TCJA) of 2017, there are six main areas where you canRead more
#25 | Secure Act 2.0 Mandates Roth Catch-up Contributions in 2024
Show NotesGuest ProfileTranscriptView All Episodes 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. As you may know, employees aged 50 and over can make "catch-up" contributions to their plans to save more for retirement. Until 2023, these additional contributionsRead more
#24 | Avoiding Probate Problems
Show NotesGuest ProfileTranscriptView All Episodes 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. First, review all your beneficiary designations for all your bank and brokerage accounts.Read more
#23 | Leaving an Inheritance to Your Kids
Show NotesTranscriptView All Episodes 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. Some parents want to spend down their life savings and enjoy their retirement. Others pinch every penny so they canRead more
#22 | Income Taxes in 2023
Show NotesTranscriptView All Episodes As a tax accountant, Bruce Hosler is certainly in his busy season, as he and his team of tax professionals, CPAs, and Enrolled agents are hard at work on the tax returns of Hosler Wealth Management's clients. Bruce's goal is always to move clients to "tax-free" vehicles, meaning repositioning or converting taxable and tax-deferred assets toRead more
#21 | The Roth 401(k)
Show NotesTranscriptView All Episodes You may be familiar with a traditional 401(k) retirement plan, but today Bruce Hosler of Hosler Wealth Management will explain how a Roth 401(k) works, how it's different, and the benefits associated with it. In a traditional 401(k), the contributed funds are tax-deferred. Participants don't pay taxes on the way in; that money doesn't count towardRead more
#20 | Avoiding Estate Planning Mistakes, Part 2
Show NotesTranscriptView All Episodes Bruce Hosler and Jon Gay list eight mistakes in the second half of our 2-part series on Avoiding Estate Planning Mistakes. They include: Failing to establish an estate plan. Failing to fund your trust. Failing to update beneficiary designations after life changes. Failing to plan for estate taxes, gift taxes, and a taxable estate. Annual gift taxRead more
#19 | Avoiding Estate Planning Mistakes, Part 1
Show NotesTranscriptView All Episodes Today, Bruce sits down with Jon Gay for the first of a two-part series on avoiding estate planning mistakes. Sadly, we see these mistakes every day. We'd like to help you avoid them. How do you know if you need a Trust or a Will? Who should have a Trust, and what are the benefits ofRead more
