Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

 

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help educate you on how to manage your money and save on taxes. In this episode, we discuss financial planning & other investing strategies.

 

Important Points:

Don't try to time the market as an investor

Age based investing

Target retirement funds

Risk tolerance

Fact vs emotion-based investing

Why putting more money under your mattress doesn't work

Wealth accumulation vs. Wealth protection phases

How do taxes play a role in investing?

Long term capital gains tax rates

Municipal bonds vs. corporate bonds and taxation

Why would it be great to pay $1 million in income taxes?

Sector investing and diversification

How does portfolio rebalancing work?

Investing is both an art and a science

Why is it so bad to have your money in cash?

Inflation explained

What is hedging

 

Comfort Zone:

As a school teacher, can I deduct my classroom expenses?

At what point can I take my money out of my Roth IRA without paying a penalty?

 

Contact us:

[email protected]

281-440-6279

 

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