Your taxable brokerage account has a unique opportunity for tax planning. At the death of the account owner, depending on how the account is titled, the beneficiaries may receive a "Step Up" in basis. This means the unrealized gain in the account can be essentially erased & if those shares are sold, the taxes owed can be $0. This episode walks through how the "Step Up" in basis works.  

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed. 

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

Your investment statement is great to look at to see how your investments have done, but it does not tell you the entire picture of your retirement. Your investment statement lacks the necessary details that can affect your retirement. This episode I talk through the multitude of decisions and questions that your investment statement does not answer. 

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed. 

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

In this episode I talk about something called "Sequence of Returns Risk". What happens if your portfolio falls in your first year of retirement? What happens if the market has consecutive negative years early in your retirement or right before you retire? How do you plan for that scenario? How can you build your financial plan so you are prepared for a unfavorable sequence of returns early in retirement?

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed. 

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

In this episode I talk about the hidden tax cost of mutual funds when held inside of a taxable account. I want to make it clear that I am not stating mutual funds are bad. I hold them for clients, along with ETFs. However, I wanted to talk about the hidden tax cost of mutual funds when held inside of a taxable account via capital gains distributions. 

The purpose of sharing this information is to help keep you informed as an investor and understand the total cost of holding different types of investments in different types of accounts. 

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed. 

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

In this episode, Kolin talks all things Medicare.

• What Medicare is
• How Medicare Works
• When to Claim Medicare
• The Different Parts of Medicare
• What is IRMAA and How Does It Work
• What Are Some Mistakes I See People Make

Here are a few resources with Medicare & IRMAA:

• https://www.medicare.gov/
• https://www.medicare.gov/publications/11579-medicare-costs.pdf

As you approach 65, it can be a great idea to sit down with a Medicare Specialist to make sure you are making an informed decision that best fits YOUR financial plan.

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed. 

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

In this episode I walk through what it is like to start working with me as a client. I talk through an example of John and Sarah, and the things that I found/helped guide them through as we started working together. Financial planning encompasses your entire financial life, rather than just solely focusing on investments. While John and Sarah had more to work on, this episode is just an example of the type of work I do with my clients. 

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This is a hypothetical situation based on real life examples. Names and circumstances have been changed. 

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

In this episode I talk about Social Security and the multiple decisions that you have to make when thinking about when to claim it. I talk about how rather than looking at Social Security as a stand alone issue, how can you incorporate it in your entire financial picture to help lead you to making the best decision around when you claim Social Security. I hope you enjoy! 

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

No strategy assures success or protects against loss. Investing involves risks, including the loss of principal.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

The first step to getting better financial advice is to just have a conversation with a financial planner. This conversation does not mean you need to move from your current advisor or that you are going to move your accounts over. Rather this conversation is a great opportunity to sit down with a financial planner and see if there are any opportunities or risks in your overall financial plan. Whether you have a financial advisor now or you are a DIYer (Do It Yourself), just having a conversation with a financial planner can either confirm you are on the right path or uncover some opportunities or risks in your plan.

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

No strategy assures success or protects against loss. Investing involves risks, including the loss of principal.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

In this video I talk about the new accounts for your children, called the Trump Account. This account can be used to save for your children's future via the stock market. The Trump Account comes with different rules than a 529 or UTMA account, so making sure this account meets the goals you have for the money is important. For more information on Trump Accounts, go to https://trumpaccounts.gov/

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.  The purchase of certain securities may be required to effect some of the strategies.  Investing involves risks including possible loss of principal.

No strategy assures success or protects against loss. Investing involves risks, including the loss of principal.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value

Retirement planning comes down to the numbers. Most people spend years and years saving for retirement but end up not knowing the key figures that actually determine whether they are ready to retire. Those key numbers can help bring you confidence and clarity to your retirement. This video covers the 5 numbers you need to know before you retire. Not when you retire, not after you retire, but BEFORE you retire.

➡️ Book your free consultation to see how I may be able to help you work to get on track with your financial plan: https://kolinhayes.com/

➡️ Join 85+ other readers who receive my free financial planning newsletter called "The Confident Planner" every other Friday: https://lp.constantcontactpages.com/sl/78ZGt78/ConfidentPlanner

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

No strategy assures success or protects against loss. Investing involves risks, including the loss of principal.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Nodaway Valley Bank (NVB) and Nodaway Valley Investment Services™ (NVIS) are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name NVIS, and may also be employees of NVB. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NVB or NVIS. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value