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.
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?
Rule Change Allows Grandparents to Give More to College 529 Plans
Episode 191 – Section 529 plans have long been a common method for a grandparent to help fund college expenses. And a new rule could make them even more popular. Continue Reading Rule Change Allows Grandparents to Give More to College 529 Plans
Making the Right Choices With Your Wealth
Episode 190 – Regardless of what you want to do with your wealth, such as leaving it to family, charity, government, or spending it all, you will need to plan for your intended outcome. Doing nothing is not going to work. Continue Reading Making the Right Choices With Your Wealth
Roth IRA Conversion: To Convert or Not to Convert
Episode 189 – While Roth IRAs are very attractive because of tax-free growth and tax-free qualified distributions, there are many considerations when deciding to convert a Traditional IRA to a Roth IRA. Continue Reading Roth IRA Conversion: To Convert or Not to Convert
Successfully Working with Clients in a Virtual Environment with Marvin Bulas Interview
Episode 188 – COVID-19 changed the financial world forever, and client communications are no exception. Learn what’s new here, with special guest Marvin Bulas. Continue Reading Successfully Working with Clients in a Virtual Environment with Marvin Bulas Interview
Is it Worth Moving to Another State Just to Save Taxes?
Episode 187 – The trend is undeniable. Many people are moving from high tax states to low tax states. But is it really worth it? Continue Reading Is it Worth Moving to Another State Just to Save Taxes?
The IRS Announces “Dirty Dozen” Tax Scams for 2022
Episode 186 – The “Dirty Dozen” IRS annual list of Tax Scams for 2022 has been released. What new things are they focused on? Continue Reading The IRS Announces “Dirty Dozen” Tax Scams for 2022
Balancing Life Insurance Needs with Your Budget Revisited
Episode 185 – Generally, when discussing life insurance, individuals want the largest amount of death benefit for as little cost as possible. However, we must take into account your protection goals while staying within your budget. The balancing act comes in when your life insurance goals and budget are aligned. Continue Reading Balancing Life Insurance Needs with Your Budget Revisited
Has ESG Investing Reached its Peak?
Episode 184 – ESG investing has become increasingly popular in recent years, but what exactly is it? And more importantly, as government agencies start taking a closer look, can its success continue? Continue Reading Has ESG Investing Reached its Peak?
Social Security Trustees Report 2022: Doomsday Deferred
Episode 183 – The Social Security Trustees issued their annual report in June. The news is mostly good, but not entirely. Continue Reading Social Security Trustees Report 2022: Doomsday Deferred
Five Important Financial Truths about Millennials
Episode 182 – It’s hard to believe, but the oldest millennials are already approaching middle age. What makes them different from a financial point of view? Continue Reading Five Important Financial Truths about Millennials
Growing With Your Life Insurance Policy Revisited
Episode 181 - We take a look back at one of our favorite previous episodes that discusses how most consumers don’t understand the different types of life insurance available and the roles each plays. Purchasing a whole life insurance policy on a minor...
Disinheriting Adult Children for Their Political Beliefs
Episode 180 – We’ve all heard stories of Thanksgiving dinners gone terribly wrong. The food is great, the mood is good, and everyone is happy to see each other. But it all goes terribly wrong when politics enters the room. Continue Reading Disinheriting Adult Children for Their Political Beliefs
Are Irrevocable Trusts Truly Irrevocable? – It Depends
Episode 179 – The word “irrevocable” sounds so formal and final. Fortunately, in the world of estate planning, particularly in today’s modern times, irrevocable does not truly mean irrevocable. Continue Reading Are Irrevocable Trusts Truly Irrevocable? – It Depends
IRS Surprises with New Proposed Regulations on RMDs
Episode 178 – The IRS issued SECURE Act proposed regulations earlier this year. The new rules, while not finalized yet, contain surprises that were not apparent at first glance, especially when it comes to RMDs. Continue Reading IRS Surprises with New Proposed Regulations on RMDs
Bank on Yourself with Marty Smith
Episode 177 – What exactly is “bank on yourself” and how does it work? In this podcast, we learn all the details you need to know from Regional Vice President Marty Smith. Continue Reading Bank on Yourself with Marty Smith
How Do You Get People to Save More Money Revisited
Episode 176 – Savings rates have dropped dramatically in recent decades. What can be done to change this? Financial literacy education can help. But recent studies show that understanding financial psychology can make an even bigger difference. Continue Reading How Do You Get People to Save More Money Revisited
