2025 The Final Drive Podcast

Let's look at Installment Sales:

How do you structure them?

What makes sense?

What's good for the buyer might not be good for the seller.

This episode discusses 2 things: Selling A Business and Selling Real Estate.

We want to minimize that awful tax bite.

Did you know what's taxable to the seller may not be favorable for deprecation for the buyer?

We've discussed tax deferred exchanges in a previous podcast, but what about a contract sale or an installment sale?

Where is the cheapest place to get my money? Is it my loan? 401K? My IRA accounts?

Join me as we begin this conversation today.

https://www.cfci.us/2025-the-final-drive

Are you wondering what to do with your Estate Planning before 2025? What are the benefits of an Estate? Life Insurance? IRAs? Business? The simple answer: Everything! In this episode I get into the ins and outs of your Estate Planning and how to navigate the upcoming changes. https://www.cfci.us/2025-the-final-drive

Act Now! The ability to take your Required Minimum Distributions (RMDs) and Qualified Charitable Distributions (QCDs) end on Dec 31st! In this episode I lay out 5 easy steps on how to calculate your RMD total and how to navigate your QCDs. Remember QCDs can be made from an inactive SEP, Simple IRA, or Roth account. As the Holidays are upon us, I enjoy discussing Gift Giving Ideas for the whole family. In the episode I will discuss 5 easy ways you can use IRAs to help children. https://www.cfci.us/2025-the-final-drive

What is a Net Unrealized Appreciation (NUA)? How does this affect your portfolio?

Just this week, I had a guy come into the office with an NUA from his previous employer. Listen in to learn what we did with it.

We discuss calculating NUA in 5 easy steps and when you should consider even using an NUA.

More 5 easy steps to come and I give you a teaser on To Convert or Not Convert, that is the question!

https://www.cfci.us/2025-the-final-drive

As we stated in last week's episode - taxes are going up. I am already getting mutual Fund estimates and get this - one of them is facing a downward spiral of 29.1%! How can we get ahead of these small caps changing? Don't let a good loss go to waste. It gets better though, if you are over 50 years of age you can begin saving more money! What are the ordering rules and are you withdrawing earnings? Listen in this week to learn more about the 5 easy steps of determining tax on Roth IRA Distributions. https://www.cfci.us/2025-the-final-drive

Here we are in Quarter 4 of the year and guess what...? Everything is down, Stocks are down Bonds are Down, nearly everything is down. How does this play into the wash sale rule? If you're looking to sell a security at a loss and buy the same, how will this affect your portfolio? Working with bonds can be the same. This something I have never really talked about in my nearly 29 years in practice. You can sell one Bond fund, buy another Fund – that's fine to do, and the wash sell rules won't catch up to you. Let's end this year strong together! https://www.cfci.us/2025-the-final-drive

You own an investment property and want to sell it; but you also don't want to pay all that tax.

In this week's episode David discusses the benefits of doing a 1031 Tax Deferred Exchange for investment properties.

Plus, learn how to have your cake and eat it too, by pulling out some money tax free, before or after a transaction is complete! This is not a recommendation for a 1031 Exchange, the mention of a 1031 Exchange in this Pod Cast is for Educational and Informational Purposes only.

https://www.cfci.us/2025-the-final-drive

You are ready to gift one of your investment properties to a family member, but unsure how to go about it.

Your son has been living in a home of yours, and paying you rent, but you want to gift him the property.

What steps do you begin to take?

Do we need to sign a new deed?

Will this affect mine or his taxes next year?

We have seen this scenario more than once in our office, and David sits down to discuss what steps he has taken to help navigate this thoughtful gift.

https://www.cfci.us/2025-the-final-drive

Student Debt.

This is a hot topic and we just added fuel to the fire.

Biden has set out to eliminate $10-20k worth of student debt.

While this helps many people now, mathematically this could potentially hurt us long term.

With thousands of students going further into debt every year, this responsibility should be on the colleges.

We need an educational reform. But when? https://www.cfci.us/2025-the-final-drive

Special Edition on the "inflation reduction act of 2022" or should we call it the "we hope it doesn't cause more debt act"?

More spending with the hopes of increasing revenue with a minimum corporate tax and increasing IRS audits – we'll see if it works, but it rarely does.

It just reinforces we are addicted to debt that we never intend to pay back, even though we will try.

The passage of this new bill simply reinforces that fact that taxes must go up to pay for our past, and now our future promises.

We must act now to get ourself out of the cross hairs of higher taxes!

https://www.cfci.us/2025-the-final-drive