SML Planning Minute
SML Planning Minute podcasts provide timely and thought-provoking financial ideas and concepts for individuals, families and business owners. Be sure to listen in! Simply click on a topic below to access a podcast. You can also subscribe to one of the many service providers to listen on the go.
Millennials, Gen X and Gen Z Need to Prepare for Retirement Now
Episode 241 – Whether you’re hoping to achieve financial independence and retire early as part of the FIRE movement or later, Millennials and members of Gen Z and Gen X need to prepare for retirement now. Continue Reading Millennials, Gen X and Gen Z Need to Prepare for Retirement Now
Optimize Your Estate Plan by Incorporating Life Insurance
Episode 240 – Life insurance is the ideal tool to optimize an estate plan. It provides the money at the right time to pay taxes, replace wealth and to enhance and perpetuate a family legacy. It also makes various estate planning strategies more efficient. Continue Reading Optimize Your Estate Plan by Incorporating Life Insurance
The Ultra-Wealthy Are Rooting for Charles and Kathleen Moore!
Episode 239 – The ultra-wealthy are rooting for Charles and Kathleen Moore in their appeal to the U.S. Supreme Court to fight a tax. Continue Reading The Ultra-Wealthy Are Rooting for Charles and Kathleen Moore!
Parenting Doesn’t End When Your Kids Become Adults
Episode 238 – A surprisingly large number of parents are jeopardizing their financial futures to support their adult children. Is it worth the risk? Continue Reading Parenting Doesn’t End When Your Kids Become Adults
Retirement Confidence is Eroding in America – What Can You Do About It?
Episode 237 – Retirement confidence is eroding in America. What can you do about it? Continue Reading Retirement Confidence is Eroding in America – What Can You Do About It?
Getting Life Insurance is Easier Than it Used to Be with Angela Thieschafer
Episode 236 – The process of getting life insurance is a lot easier than it used to be. In this podcast, we will learn why, with special guest Angela Thieschafer. Continue Reading Getting Life Insurance is Easier Than it Used to Be with Angela Thieschafer
Millennials and Gen Z Acknowledge the Need for Life Insurance
Episode 235 – Millennials and Gen Z recognize the need to purchase life insurance, but many don’t. It all comes down to education and advice. Continue Reading Millennials and Gen Z Acknowledge the Need for Life Insurance
Does State Taxation Cause the Wealthy to Move to Different States?
Episode 234 – States with high income and estate taxes may cause the wealthy to move to another state with one or the other, but not both taxes. Continue Reading Does State Taxation Cause the Wealthy to Move to Different States?
Study Indicates that 40 Percent of Americans Cash Out Their 401(k)s When They Switch Jobs
Episode 233 – According to a new study, a shocking 41% of people withdraw, rather than roll over, their 401(k) balances when leaving their jobs. Continue Reading Study Indicates that 40 Percent of Americans Cash Out Their 401(k)s When They Switch Jobs
Documentation of Charitable Gifts
Episode 232 – Before you try to take an income tax deduction for the charitable gifts you made during the tax year, make sure you comply with the various IRS requirements for documentation and qualification of the donation. Continue Reading Documentation of Charitable Gifts
No Step-Up in Basis for Assets in a Grantor Trust
Episode 231 – The IRS released Revenue Ruling 2023-2 stating that assets held in a grantor trust do not receive a step-up in basis upon the grantor’s death. What does that mean? Continue Reading No Step-Up in Basis for Assets in a Grantor Trust
Planning for Families Without Children
Episode 230 – A lot has been written about planning for families with children, but approximately 44 percent of non-parents under age 50 say they are unlikely to have kids. What about them? In this episode we suggest some ideas for an underserved group of people. Continue Reading Planning for Families Without Children
Charities Need Your Help and We Can Help You
Episode 229 – Individuals and charities have been adversely affected by post-pandemic circumstances. We can help charitably inclined individuals meet philanthropic goals without sacrificing personal financial security. Continue Reading Charities Need Your Help and We Can Help You
Social Security Trustees Report 2023: Here We Go Again
Episode 228 – The new Social Security Trustees report has both good news and bad news. The question is: where do we go from here? Continue Reading Social Security Trustees Report 2023: Here We Go Again
The 529 Plan Rollover to a Roth IRA – Is it Worth it?
Episode 227 – The initial promise and excitement of a provision created by SECURE 2.0, to allow 529 Plan account balances to be rolled over to a Roth IRA, has ended in disappointment, but it may still work for you. Continue Reading The 529 Plan Rollover to a Roth IRA – Is it Worth it?
Six Big Mistakes People Make with Their Wills
Episode 226 – Just having a will is not enough. You need to get the details right. Here are 6 big mistakes we see people making when they structure their wills. Continue Reading Six Big Mistakes People Make with Their Wills
The Importance of FDIC Insurance
Episode 225 – Recent financial turmoil involving several large banks provides an important lesson and opportunity to revisit the general FDIC-insurance rules and limitations. Continue Reading The Importance of FDIC Insurance
The Sad Case of Lisa Marie Presley
Episode 224 – Lisa Marie Presley’s death in January of this year came as a shock to many. But it’s just the beginning of the story. Continue Reading The Sad Case of Lisa Marie Presley
IRS Provides Guidance on Required Minimum Distributions for 2023
Episode 223 – Confusion for IRA owners turning age 72 in 2023? The IRS provides clarification and reminds IRA owners that individuals turning age 72 in 2023 are not required to take required minimum distributions. Continue Reading IRS Provides Guidance on Required Minimum Distributions for 2023
Why Giving Cash to Your Children May Not be a Good Idea
Episode 222 – Most parents are naturally inclined to provide financial assistance to their adult children. But be careful: it may do more harm than good. Continue Reading Why Giving Cash to Your Children May Not be a Good Idea