Ever feel like there are way too many retirement account names to keep straight? It’s almost like alphabet soup for your retirement planning.

In this episode of Common Curiosities: Retirement, Michael, CFP® and EA is joined by his wife, who asks the questions many people may secretly have. Like what to do with extra money now, what about extra money I don't need now, how do these different accounts actually work, and who can (or can’t) fund a specific account?

Along the way they cover:

💬 What's different between traditional IRA from a Roth IRA outside of just the taxes and who the heck is “Mr. Roth” anyway?

💬 Why are there so many types of accounts? 401(k)s, 403(b)s, and IRAs (and how they connect with one another)

💬 Who can open or contribute to a Roth IRA (even if you’re under 18)

💬 Why earned income matters (and what the IRS really means by that)

💬 The “Starbucks app” version of paying taxes now vs. later

💬 Plus, a little “girl math” and TJ Maxx logic to keep things grounded

It’s an easygoing, real-world conversation for anyone who’s ever looked at their 401(k) form or Roth contribution limits and thought, “Wait, which one is this again?”

Chapters

00:00 Understanding IRA vs Roth IRA

00:51 What to do with a little extra money?

01:53 Do we treat checking and savings similarly?

02:30 Potential pros and cons of HYSA or MM

05:03 Money left after your TJ Maxx budget?

07:26 Who the heck is Roth?

09:01 Tax management like the Starbucks app?

09:48 Tax differences on Roth vs Trad. IRA

10:48 If I'm young which account should I consider?

11:42 When can you start retirement savings?

12:40 Have earned income but who can fund an IRA?

13:56 Is there a stage you can't use a Roth IRA?

14:40 Income restrictions for IRA and Roth IRAs?

15:52 How many different type of retirement accounts are there?!

18:39 Are there auto investments in 401ks or IRAs?

19:32 Why so many different retirement accounts types!?

21:10 Youtube Disc. TN & Words.mp4

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

Disclosures:

Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.

Ever wonder why your tax refund may change so much from year to year or why making a little more money doesn’t always feel like it pays that much extra?

In this episode of Common Curiosities: Retirement, Michael CFP® and EA breaks down how our progressive tax system actually works, using everyday language (and a few buckets of water).

We walk through side-by-side examples of a married couple earning $120,000 and $200,000 to see how their tax bill may look, what tax deductions they may get (or not get) and even look at planning around certain tax credits.

You’ll learn:

💧 How each “bucket” of income gets taxed differently

💡 The difference between marginal and effective tax rates

👶 How credits may reduce your tax bill (and when some begin to phase out)

💭 Why tax planning can be valuable and should align with your investment and retirement planning

It’s a practical, down-to-earth look at how the numbers actually stack up hopefully understandable as well.

Because good financial planning isn’t just about investing… it’s about knowing how taxes, savings, and long-term goals all fit together like ingredients in a recipe that works for you.

Stay curious. 🧠

Chapters

00:00 Why is it important to understand your taxes?

00:41 How the US tax system works

01:32 $120k income example

03:38 0% Tax on LTCG Possibly?

05:34 $200k Income Tax Example

06:17 Are bonuses taxed differently?

06:59 Am I trying to qualify for certain deductions or credits?

07:32 Balancing deductions and income to become eligible for tax benefits

09:41 Retirement contributions for deductions to get under tax credits and manage brackets

11:19 Roth IRA contribution mistake

11:33 Integrating tax planning with investment plans

13:20 Youtube Disc. TN & Words.mp4

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

Disclosures:

Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.

If you’re a Michigan school teacher, you only get 75 days from your first pay period to choose your retirement plan and that one decision may shape your financial future for decades.

In this episode, Michael CFP® and EA unpacks what those two options really mean. There's the Pension Plus 2 plan and the Defined Contribution plan. He discussed how they work differently when it comes to paychecks, matching contributions, potential taxes, early access, and even what happens to your money after you’re gone.

We’ll talk through questions like:

💭 How does the new Michigan Teacher pension formula actually work?

💭 What happens if you change careers or retire early?

💭 Why do newer teachers have such different benefits from those who started 20 years ago?

💭 What are the pros and cons to each option?

💭 How do you know which plan might fit you best based on your goals, comfort level, and your long-term plans

If you’re a newer teacher, this episode breaks down the fine print into plain English to help you make a more confident, informed choice about your future.

🧠 Stay curious.

🎧 Listen to more episodes of Common Curiosities: Retirement wherever you get your podcasts.

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞? We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

Disclosures:Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. All investing involves risk including loss of principal. No strategy assures success or protects against loss.

In this episode, Michael is joined by his wife Jacqueline (who's wearing all his clothes, apparently) for a casual chat that starts with some of Jacqueline's questions she hears about money recently to get those questions answered.

They cover:

💭 What an LLC actually does — and what it doesn’t do for taxes

💭 The difference between tax avoidance (smart) and tax evasion (illegal)

💭 What’s better: getting rich quick or building wealth the slow and steady way?

💭 Common money misconceptions small business owners fall for

💭 Why “write it off” ≠ “get it for free”

💭 And a reminder: hard work, patience, and planning still works (even if tjat doesn’t create trends on TikTok)

We also unpack some of the common misconceptions about “tax hacks” you see online and how to tell the difference between tax avoidance (legal) and tax evasion (not so much).

👕 Featuring guest co-host: my wife (and her borrowed hoodie).

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?

🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com

📧 𝐄𝐦𝐚𝐢𝐥: [email protected]

📬 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐮𝐬: https://www.custerfinancialadvisors.com/contact-us-form

Disclosures:

Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. All investing involves risk including loss of principal. No strategy assures success or protects against loss.

Gold has been shining bright lately (pun intended) and has hit all-time highs as 2025 is coming to a close. But what’s really behind the surge?

In this episode of Common Curiosities: Retirement, we dig into some ideas of why reasons why gold’s up, and explore whether it still makes sense as part of a modern portfolio.

Here’s what we unpack:

📝 Uncertainty and global tension — when people get nervous, gold often feels is a place some like to go

📝 A potentially softer U.S. dollar which may actually make gold (and maybe American exports) more appealing.

📝 If interest rates come down — as cash yields shrink, some investors look for new places to store value.

📝 The ease of owning gold — We'd say it’s never been simpler to invest without filling your basement with gold bars.

Then we get curious about the real question: Should you own gold at all?

Some see it as a hedge, others as speculation, some as an investment and some just like the historical shine. Michael CFP® and EA shares how he thinks about gold compared to other assets— and why the answer depends less on the metal itself, and more on what role it plays in your plan.

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?

🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com

📧 𝐄𝐦𝐚𝐢𝐥: [email protected]

📬 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐮𝐬: https://www.custerfinancialadvisors.com/contact-us-form

Chapters

00:00 Why is Gold at All Time Highs?

00:28 Political Uncertainty

01:06 Weaker U.S. Dollar

01:47 Interest Rates May Come Down?

02:48 Easier Access to Invest in Gold?

03:38 The Value of Gold: A Personal Perspective

Disclosures:

Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.

Markets are hitting record highs as we are ending 2025, but what’s really driving it? In this episode of Common Curiosities: Retirement, we take a curious look under the hood of today’s market momentum.

We’ll unpack a few key forces fueling the climb including:

💭 Many strong corporate earnings that are beating expectations

💭 Interest rate cuts — after a few years of tightening interest rate increases, potential interest rate cuts could be on the horizon

💭 Artificial intelligence - Many believe it's not just hype, but a potential long-term shift in how companies operate. What does the future mean for that?

💭 Investor participation — More and more people are now investing. Is that a good thing?

Of course, all-time highs don’t mean buy everything now. Markets move in cycles — and those pullbacks can be part of a healthy rhythm. This episode is all about understanding why we’re here, what might be next, and how to stay curious and have a plan ahead of time through the ups and downs.

Chapters

00:00 Market Overview and Current Status

00:34 Business Earnings

00:59 Potential Interest Rate Cuts

01:33 People's Interest in Artificial Intelligence

02:54 Other AI Ideas?

03:51 More People Investing Now

04:40 Understanding Stock Market Dynamics

05:07 Investment Strategies in Volatile Markets

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?

🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com

📧 𝐄𝐦𝐚𝐢𝐥: [email protected]

📬 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐮𝐬: https://www.custerfinancialadvisors.com/contact-us-form

Disclosures:

Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.

Ever wondered if you should wipe out your debt as fast as possible or maybe hang on to those loans and invest instead? In this episode, we explore the balance between math and mindset because financial plans don’t live in spreadsheets, they live in real life.

Michael, CFP® and EA unpacks the pros and cons of paying debt quickly versus investing for the long haul, why behavior often beats math in the real world, and when taking on debt may actually make sense, especially if it’s investing in yourself or your career.

Plus, a lighthearted look at what happens when “adulting” meets your first paycheck (and suddenly your bed goes from one pillow to eight).

If you’ve ever wondered:

💭 “Should I pay off my student loans or invest instead?”

💭 “When is debt okay?”

💭 “How do I prioritize my money when I’m just starting out?”

This episode is right for you.

Chapters

00:00 Question: Debt Payoff vs Investing Thoughts?

01:49 Will People Stick With Their Plan During Down Years?

03:03 When is it Okay to Acquire Debt?

05:15 What to do After Getting First Career Job?

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?

🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com

📧 𝐄𝐦𝐚𝐢𝐥: [email protected]

📬 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐮𝐬: https://www.custerfinancialadvisors.com/contact-us-form

Disclosures:

Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.

Most people who donate give cash to charities. Which is very generous of them, but what if there’s a better way to gift where the charity can still get the benefit but you may also receive some more tax benefits?

In this episode of Common Curiosities Retirement, Michael CFP® and Enrolled Agent unpacks one of the most overlooked tax strategies for charitable givers: donating appreciated assets.

It’s not a flashy dinner party topic, but it could help save you in taxes and increase what your favorite causes receive. He breaks down:

💡 How gifting investments directly to charity actually works

💡 Why it may be more helpful than giving cash

💡 Common mistakes to avoid

💡 How to know if this strategy fits your situation

Whether you’re a seasoned investor, a future retiree, or just curious about smarter giving, this episode helps you see generosity through a fresh (and financially clever) lens.

Chapters

00:00 NEWCHAPTER

00:12 Tax Savings for Giving?

02:32 What goals & problems is this helping me achieve?

03:09 What Type of Accounts Do I Use This With?

04:09 How Does the Brokerage Account Work

04:35 Direct Gift to Charity with Assets

04:41 Standard Deduct or Itemize Get a Benefit?

05:45 Real World Example

07:14 Gifting a Portion of an Investment

07:52 Why Consider Giving Investments with Most Gains?

09:00 Does The Charity Get Less With This Idea?

10:23 Be Careful Selling the Investments First

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?

🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com

📧 𝐄𝐦𝐚𝐢𝐥: [email protected]

📬 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐮𝐬: https://www.custerfinancialadvisors.com/contact-us-form

Disclosures:

Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.

Ever wonder when you can actually use your Roth IRA without getting smacked with taxes and penalties? You’re not alone.

In this episode of Common Curiosities: Retirement, we unpack one of the most common unused tools with Roth accounts. When and how to tap them before 59½ without giving the IRS a reason to celebrate.

You’ll hear how the rules actually work, where the real flexibility may come from, and what to watch out for if you’re trying to pull this off. It’s part story, part strategy, and all about helping you see how planning aims to turn your retirement accounts into more than just “someday” money.

Because at the end of the day, your savings aren’t just numbers. They’re tools to help you live the life you’re working toward.

Chapters:

00:00 Can I use a Roth IRA before 59 1/2?

00:40 Who Might Use Early Roth IRA Access?

01:20 Real Life Example

03:23 Retirement Account Gov't Deal

05:24 Leveraging Roth IRA Contributions for Financial Flexibility

06:07 Lower Tax Bracket?

06:51 Tracking Roth Contributions

07:15 Withdrawal Order Rules

07:57 Using a Roth IRA to Bridge Life Gaps

08:22 Retirement Withdrawal Strategies

08:54 Taxes A Huge Missed Opportunity?

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?

🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com

📧 𝐄𝐦𝐚𝐢𝐥: [email protected]

📬 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐮𝐬: https://www.custerfinancialadvisors.com/contact-us-form

Disclosures:

Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

If you’re over 70½ or just planning ahead for when you will be, this simple move could make your money go further. We walk through what a QCD is, how it’s different from an RMD, who it’s typically best suited for, and some overlooked rules that could help you avoid unnecessary taxes (and maybe some paperwork headaches too).

Whether you’re already retired, helping a parent plan, or just like being the “go-to finance friend” in your circle, this episode helps you understand how generosity and smart tax planning can go hand in hand.

Takeaways

✅ QCDs could allow for more tax-efficient charitable giving.

✅ Individuals over 70 and a half may benefit from QCDs.

✅ Direct donations from retirement accounts are important

✅ Understanding QCDs can influence future retirement planning.

✅ QCDs can help lower Required Minimum Distributions (RMDs).

✅ Charitable giving should align with personal values and financial goals.

✅ Itemizing deductions may not always be beneficial compared to QCDs.

✅ QCDs simplify the tax process for retirees.

✅ Every dollar in retirement should have a purpose.

Chapters

Introduction to Tax-Efficient Giving

- 0:00

Understanding Qualified Charitable Distributions (QCDs)

- 3:00

Benefits of QCDs for Retirement Planning

- 6:00

Common Missteps in Charitable Giving

- 9:00

Real-World Examples and Scenarios

- 12:00

Who Should Consider QCDs?

- 15:00

Maximizing Tax Benefits with QCDs

- 18:00

Conclusion and Final Thoughts

- 21:00

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?

🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com

📧 𝐄𝐦𝐚𝐢𝐥: [email protected]

📬 𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐰𝐢𝐭𝐡 𝐮𝐬: https://www.custerfinancialadvisors.com/contact-us-form

Disclosures:

Investment advisory services offered through Harborfront Financial Group d/b/a Custer Financial Advisors (“CFA”), an SEC-registered investment adviser. Registration does not imply a certain level of skill or training. Educational content only—not investment, legal, or tax advice. All investing involves risk, including loss of principal. Past performance is not indicative of future results. Opinions and views are as of the date recorded and may change without notice. 

Securities offered through LPL Financial, Member FINRA/SIPC.