Tag: Estate & Legacy Planning
#14 | Controlling the Controllables
Show NotesTranscriptView All Episodes There are so many uncertainties in today's world - everything from war, to the remnants of a pandemic, to the political turmoil we currently see in our country. And economically, we've seen supply chain and worker shortages, and a stock market that's been down anywhere from 16-22% in 2022. Often when circumstances are beyond ourRead more
#12 | Asset-Based Long-Term Care Insurance (LTC)
Show NotesTranscriptView All Episodes Asset-based long-term care insurance is something Bruce Hosler and the team at Hosler Wealth Management work on frequently for our clients. Traditional long-term care will require you to pay a premium until you go on claim, and rates can often change. However, asset-based long-term care premiums are paid with assets; therefore, they can't raise the premiumRead more
#11 | The Inflation Reduction Act – What Does It Mean For You?
Show NotesTranscriptView All Episodes In September, the government passed the "Inflation Reduction Act." Today Bruce Hosler of Hosler Wealth Management breaks down the key pieces of the legislation and how it can affect you going forward. We break it down into 9 key areas: Health Care Premium Tax Credit New Home Energy Systems Tax Credits New Energy Efficient Home Improvement TaxRead more
#10 | IRA & 401K accounts are no longer good wealth transfer tools
Show NotesTranscriptView All Episodes n the last episode, Bruce Hosler and Jag spoke about the SECURE Act, passed in 2019, and its effects on inherited and stretch IRAs. Today, we dive deeper into why traditional IRAs and 401ks are no longer good wealth transfer tools. Ideally, you want to minimize both your tax burden and the burden of your heirs. AndRead more
#9 | Why You Need to Update Your IRA Beneficiary Forms
Show NotesTranscriptView All Episodes In 2019, the US Government passed the SECURE Act, and one of the most significant ramifications was on what's known as the stretch IRA. Many people who inherit an IRA, now have a ten-year window to withdraw those funds. Previously there was no time restraint. There are five classes of individuals who have a different rulebookRead more
#7 | The 5-year Rule With Roth IRAs and Roth 401Ks
Show NotesTranscriptView All Episodes Today, Bruce Hosler of Hosler Wealth Management sits down with Jon Gay to talk about the "5-year rule" regarding Roth IRA and Roth 401K accounts. These rules are in place to encourage investors not to withdraw from their Roth accounts before age 59 1/2. And if these rules aren't followed, they can result in stiff taxRead more
#6 | Demand Destruction and the Coming Recession
Show NotesTranscriptView All Episodes Today's topic is demand destruction. Essentially, it's when the government tries to slow demand to curb inflation. Bruce Hosler walks us through what that means. All information is accurate as of our recording date, June 23, 2022. The federal reserve doesn't necessarily want a recession, but it's a fine line between demand destruction and avoiding one. As ofRead more
#2 | Will US Tax Rates Go Up or Down?
Show NotesTranscriptView All Episodes One of the most common questions Bruce Hosler and the team at Hosler Wealth Management are asked: "Will taxes go up or down?" And while we don't have a crystal ball, there are some pretty strong indications that taxes are going to go up. First, the 2017 Tax Cuts and Jobs Act, without any intervention fromRead more
#1 | What Does Tax-Free Mean?
Show NotesTranscriptView All Episodes In our first episode, Bruce Hosler of Hosler Wealth Management sits down with co-host Jon Gay to explain the term "tax-free." What does it really mean? When you're looking at retirement income, you don't want that income to be taxed at the federal or state level. Furthermore, you don't want it to count as provisional incomeRead more
The “Secure Act” demands new beneficiary planning for your IRA and Roth IRA!
The “Secure Act” has killed the “Stretch IRA”! By Bruce Hosler EA, CFP®, CPWA®, AIF®, CEPA® Technically the term “Stretch IRA is a made-up term used in the financial services industry to describe the distribution benefits that used to be afforded to the beneficiaries of an inherited IRA. That ended in 2019 when Congress passed the “Secure Act”. The “SecureRead more
