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.
Don’t Forget Facebook, iCloud, Gmail, LinkedIn and Your Other Digital Assets in Your Planning Revisited
Episode 211 – Most, if not all of us, own several forms of digital assets in the form of online accounts. These assets must be included in your estate plan. Failure to do so may result in the loss of financial value or sentimental and legacy value. Continue Reading Don’t Forget Facebook, iCloud, Gmail, LinkedIn and Your Other Digital Assets in Your Planning Revisited
Stretch IRA Substitute Revisited
Episode 210 – We take a look back at how the SECURE Act eliminated the use of the “stretch” IRA, but there may be a way to replace that lost wealth and accomplish a similar goal by using the combination of a life insurance trust and a Single Premium Immediate Annuity. Continue Reading Stretch IRA Substitute Revisited
Retirement is Better with a Plan with Lucas Benson
Episode 209 – What type of retirement plan is best for you and your business? In this podcast, we learn all the details you need to know with special guest Lucas Benson. Continue Reading Retirement is Better with a Plan with Lucas Benson
IRS Provides Relief for Missed RMDs in 2021 or 2022
Episode 208 – IRS provides relief to individuals who inherited traditional IRAs in 2020 or after and failed to take required minimum distributions. Continue Reading IRS Provides Relief for Missed RMDs in 2021 or 2022
Social Security and Medicare COLAs Announced
Episode 207 – Next year’s 8.7% Cost of Live Adjustments (COLA) increase for Social Security and reduction in Medicare Part B premiums are welcome news. But how good is the news really? Continue Reading Social Security and Medicare COLAs Announced
2022 Elections Are Over, Now What?
Episode 206 – 2022 midterm elections are over and legislative gridlock will continue. That’s why it is important to plan for our future financial security against the unexpected. Continue Reading 2022 Elections Are Over, Now What?
Cash is Not the Best Charitable Gift
Episode 205 – The holiday season is also the season of charitable giving which most people do through gifts of cash. But donating highly appreciated assets like publicly traded securities is much better. Continue Reading Cash is Not the Best Charitable Gift
Holographic Wills and the Case of Anne Heche
Episode 204 – A holographic will is basically a handwritten document that could be someone’s last will and testament. But can an email also be a holographic will? The recent death of Anne Heche has raised this question. Continue Reading Holographic Wills and the Case of Anne Heche
Congress is Getting Serious About Retirement Savings: You Should Too
Episode 203 – Congress is worried about Americans’ insufficient retirement savings and you should too. Various legislative proposals seek to address these concerns. Continue Reading Congress is Getting Serious About Retirement Savings: You Should Too
IRS Extends Deadline to File for Portability of Estate Tax Exemption Amount
Episode 202 – IRS extends the deadline to file for portability of the estate tax exemption amount after the first spouse’s death. Continue Reading IRS Extends Deadline to File for Portability of Estate Tax Exemption Amount
I Have an Emergency. I Need Cash. Now What?
Episode 201 – What do you do when you need cash in a hurry? A recent article came up with five options that you might not have thought of. We analyze them here. Continue Reading I Have an Emergency. I Need Cash. Now What?
10 Common Mistakes in Purchasing and Owning Life Insurance
Episode 200 – Life insurance is a critical part of any estate plan. But just having it is not enough; you need to get the details right. A recent article outlined 10 of the biggest mistakes people make when buying life insurance. Continue Reading 10 Common Mistakes in Purchasing and Owning Life Insurance
The Great Resignation: Tools to Help You Fight It
Episode 199 – If you’re a business owner, by now you’ve undoubtedly heard of the Great Resignation, sometimes known as the Great Reshuffling. Continue Reading The Great Resignation: Tools to Help You Fight It
Long Overdue Healthcare Relief for Seniors
Episode 198 – The Inflation Reduction Act of 2022 provides long overdue healthcare relief to seniors and retirees. Continue Reading Long Overdue Healthcare Relief for Seniors
What Happens to Your Social Security if You Change Your Mind about Retirement?
Episode 197 – In the past year or so, the Great Resignation has evolved into the Great Reshuffling. But what happens to your Social Security if you retire and then decide to go back to work? Continue Reading What Happens to Your Social Security if You Change Your Mind about Retirement?
Planning for Single Parents
Episode 196 – Single parents must have their financial house in order, through insurance, financial and estate plans, to ensure that they protect their sources of income, existing assets and their children. Continue Reading Planning for Single Parents
Do You Need to Worry About Gift and Estate Taxes? A Look Back in History
Episode 195 – Estate and gift taxes are financial considerations only for the wealthy, right? Maybe, maybe not! It depends! Continue Reading Do You Need to Worry About Gift and Estate Taxes? A Look Back in History
IRS Publishes its Taxpayer Guide to Identity Theft
Episode 194 – The problem of identity theft has grown more severe in recent years. As the IRS recently said in its Taxpayer Guide to Identity Theft, there are steps you can take to protect yourself. Continue Reading IRS Publishes its Taxpayer Guide to Identity Theft
What Do You Really Know About Your 401(k)?
Episode 193 – How much do people really know about their 401(k)? The latest research is not encouraging. Continue Reading What Do You Really Know About Your 401(k)?
Inflation Reduction Act of 2022 – What Does This Mean for You?
Episode 192 – On August 16, 2022, President Joe Biden signed into law the Inflation Reduction Act of 2022 to expand affordable healthcare and combat climate change. It did not materially impact income and estate tax planning. Continue Reading Inflation Reduction Act of 2022 – What Does This Mean for You?
