Tax Trouble Spots and Charitable Giving Strategies
In this episode of Dollars & Sense, financial expert hosts Joel and Christina delve into the complexities of tax season and share the top 10 tax trouble spots that individuals face. They discuss critical issues such as the taxation of social security, where increased income can lead to higher taxes on these benefits, and the Premium Tax Credit (PTC) recapture related to the Affordable Care Act, which can result in significant repayments if income approximations are incorrect. 💰 The hosts also highlight recent significant corporate earnings, noting that companies like Microsoft and Facebook have reported impressive growth, which impacts investors' portfolios and tax liabilities. Joel and Christina emphasize the importance of understanding how capital gains, dividends, and interest income can affect overall tax obligations. 🎁 Joel shares insights from his recent speech at a planned giving luncheon hosted by Heart of Florida United Way. The duo explains 8 strategies for successful charitable giving, including writing checks, making qualified charitable distributions (QCDs) from retirement accounts, gifting appreciated assets to avoid capital gains taxes, and utilizing donor-advised funds (DAFs) for flexible long-term giving. They also discuss the benefits of direct bequests and the use of private family foundations for sharing philanthropic values with the next generation. 📈 Joel and Christina provide valuable tips for efficient financial planning, emphasizing the importance of having a formal plan to safeguard and grow wealth. Individuals with a financial plan are significantly better prepared for retirement. Tune in for practical advice to navigate tax regulations, maximize your charitable contributions, and achieve long-term financial success.
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40:20
Understanding the Math in Financial Decisions & Wealth Transfer Tips
📈💰 In this week's episode of Dollars & Sense, we dive deep into the importance of math when making investment decisions. Learn how accurate calculations can make or break your financial future. 🤔💡 We share a specific example of a costly mistake made when not performing basic math before investing. Discover how proper math can reveal true rates of return and help you make wiser choices. 🧮📊 Plus, we explore the great wealth transfer expected over the next 20 years, where nearly $73 trillion will be passed from the older generation to the next. 🏦📜 Get essential tips to ensure a smooth transition, including having your paperwork in order, regularly reviewing your plans, seeking professional advice, and clear communication with beneficiaries. 💼📑
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40:15
Pet Estate Planning Tips, Market Insights, and Retirement Secrets!
🚀 Dive into this week's episode where we cover EVERYTHING from volatile markets 📈 to savvy pet financial planning 🐶🐱, and the secret sauce to a successful retirement! 🏖️ 🔥 Key insights: The alarming rise of market volatility and investor sentiment. 📊Protecting and preparing for your pets in case of your untimely demise. 🐾Why having a formal financial plan can make a HUGE difference in your wealth at retirement. 🏆📅 Plus, we discuss the exciting news of our book Next Gen’s Dollars And Sense being featured at the Los Angeles Times Festival of Books! 📚✨ Tune in now for expert advice and practical tips that you can implement today! 🎧💡 #FinancialPodcast #RetirementPlanning #PetCare #MarketVolatility #FinancialLiteracy #BookFestival #LosAngelesTimes #NextGenDollarsAndSense #WealthManagement #ExpertAdvice #SavvyInvesting #FinancialGoals #WeLoveOurPets
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39:27
Market Boom & Social Security Changes for Public Employees
This week's episode of Dollars & Sense dives deep into the latest market developments following President Trump's suspension of tariffs, showcasing an unprecedented surge in the Dow, SP500, and Nasdaq. Hosts Rob Field and Joel Garris delve into the historical significance of such market swings and emphasize the importance of maintaining a consistent investment strategy amidst volatility. The episode also covers significant changes to the Social Security Windfall Elimination Provision, highlighting the positive impact on public employees like teachers, firefighters, and police officers. Stay tuned for insights and expert advice on navigating the financial landscape! #DollarsAndSense #MarketNews #SocialSecurity #InvestmentTips #FinancialPlanning
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40:30
Common Investor Mistakes To Avoid During These Unpredictable Times & Expert Tips
🎙️ Financial experts, Joel and Chet, discuss the complexities of market volatility and uncover the '7 Deadly Investing Sins.' 🏦💼 Learn how to stay ahead in unpredictable times and make smart investment choices. Chet and Joel will guide you through the importance of diversification, consistency in investment strategies, and managing media consumption. 📉📰 We also discuss the impact of recent tariff announcements and tax deadlines on investment decisions. 📊💸 This episode is packed with valuable insights on how to navigate through market turbulence and ensure your investments are resilient. Don't miss this insightful discussion with Chet and Joel!#MarketVolatility #InvestmentTips #DollarsAndSensePodcast #Finance #Investing #MoneyManagement 💰📈
Dollars & Sense with Joel Garris of Nelson Financial Planning helps You make Sense out of all of life's decisions involving Your Dollars. Joel is a CERTIFIED FINANCIAL PLANNER, a Certified Financial Fiduciary and a former corporate attorney who helps you change your life with a successful financial plan that provides you with peace of mind for the future. Visit www.NelsonFinancialPlanning.com or call 407-629-6477 to schedule a free one on one conversation. Offering securities through Nelson Ivest Brokerage Services, Inc, Member FINRA, MSRB & SIPC. Please note that these broadcasts are intended for general informational purposes only as individual situations may vary. The views expressed are those of the speaker and are subject to change at any time. Statements made should not be relied upon as a recommendation or solicitation. When discussed, past performance is no guarantee or indication of future results.
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