Pivot with Darryl Lyons

As the 2024 Presidential election approaches, it's crucial for Americans to discern what truly matters to them in order to make informed voting decisions.

In today's episode of Retire in Texas, PAX Financial Group CEO and Co-Founder, Darryl Lyons, dives into the intricate world of financial planning amidst the political landscape. With a focus on key issues like taxes, Social Security, and healthcare, he navigates the complexities of how proposed policies may impact personal finances.

Show highlights include:

*A discussion of the concept of "fair share" in taxes and how it's often framed in political discourse.

*A breakdown of the historical debate over the size and role of government in the United States and how taxation ties into this debate.

*Four subplots in the upcoming election that may not be decisive factors in voting decisions but are still important for personal financial planning.

*Why, specifically now, it is important that you stay informed on proposed policy changes and their potential impact on personal finances.

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Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. "Like" is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

For 2024, estates exceeding $13,610,000 (or $26 million for married couples) may be subject to estate taxes, making strategic planning essential for wealth preservation, and this number could be even higher in 2025.

In today's episode of Retire in Texas, PAX Financial Group CEO and Co-Founder, Darryl Lyons, dives deep into the intricate world of inheritance and legacy planning, shedding light on key tax considerations that can significantly impact your estate and the wealth you pass on to the next generation.

Some of today's show highlights include:

*A breakdown of the immense tax benefits of living in a Community Property State.

*Why it's vital to differentiate between ordinary income and capital gains in inheritance.

*Understanding the key differences between estate taxes and income taxes.

*The valuable tax provision that is Step-Up in Basis.

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Did you know that Christians collectively hold a substantial 55% share of the world's entire wealth.?

In today's episode of "Retire in Texas," Darryl Lyons introduces his upcoming book, "Biblical Responsible Investing" which explores the unique motivations driving Christian financial thinking.

Throughout the podcast, Darryl provides an in-depth overview of the book's chapters, covering topics from political motivations to multi-generational wealth transfer. With endorsements from industry figures, the episode offers a glimpse into a distinct approach to financial decision-making rooted in faith.

Some of today's show highlights include:

* A high-level overview of each chapter in Darryl's book, "Biblical Responsible Investing".

*Darryl's personal connection to the book, which originated during the COVID period when he decided to pursue law school online at Texas A&M.

*An exploration of the different motivations and ways Christians think about money, referencing the vast number of scriptures about money and the significant wealth held by Christian communities.

*Why it is crucial to disconnect the idea that all Christians align with a particular political ideology.

If you enjoyed today's episode, make sure to share it with your friends and family!

Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. "Like" is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

While the focus of financial services often gravitates towards investment strategies and market forecasts, the essence of fostering trust through open communication, integrity, and making a positive difference in the community plays a pivotal role.

This episode sheds light on how PAX Financial Group not only acknowledges but prioritizes these fundamental values, offering a unique perspective on the often-overlooked dimensions that shape a truly impactful financial service experience.

In today's episode of Retire in Texas, Darryl Lyons offers a detailed glimpse into the inner workings and recent developments within PAX Financial Group.

Some of today's show highlights include:

*An exploration of the coaching triad concept involving mentoring, cheerleading, and advising, stressing the significance of coaching skills for advisors.

*A breakdown of some of the PAX investment process, including the addition of faith-based solutions, municipal bonds, and structured notes to hedge market risks.

*A discussion of changes in PAX's team structure, including the addition of new members and shifts in roles.

*A highlight of the PAX Impact initiative, which has contributed over $1 million to nonprofits in the community.

If you enjoyed today's episode, be sure to share it with your friends and family!

Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. "Like" is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

Just as businesses have target markets, financial thieves also target specific groups, which emphasizes the need for heightened awareness in safeguarding against evolving threats.

In today's episode of Retire in Texas, Darryl Lyons dives deep into the existence of evil and its impact on financial strategies, addressing theft, the killing of joy through anxiety, and the attempt to destroy the religious fabric in today's financial ecosystem.

Some of today's show highlights include:

*Why certain groups, such as the boomer generation and Christians, are specifically targeted by financial thieves.

*An explanation of Darryl's belief in the existence of evil, drawing from both theological and experiential perspectives, and a connection to the idea that acknowledging evil implies a belief in good and, consequently, a creator.

*A breakdown of various forms of theft, from traditional scams to more sophisticated ones, further emphasizing the need for increased awareness due to the rising use of artificial intelligence in financial scams.

*Why it is crucial to reevaluate your giving strategies, given the connection between generosity and happiness, both biblically and scientifically.

If you enjoyed today's episode, make sure to share it with your friends and family!

Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. "Like" is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

In today's insightful episode of Retire in Texas, Darryl Lyons takes listeners on a comprehensive journey through his top ten convictions for 2024. The episode serves as a beacon for informed decision-making, urging listeners to engage with their advisors and navigate the complexities of the upcoming year with confidence, foresight, and a nuanced understanding of the diverse factors shaping our financial future.

Recognizing the importance of planning over predicting, these considerations aim to assist in preparing both your financial and emotional resilience as we step into the unfolding landscape of 2024, urging you to stay ahead of potential challenges and surprises.

Some of today's show highlights include:

*An in-depth breakdown of Darryl's top 10 Convictions for 2024.

*With shifts in tax brackets, a strategic consideration is placed on Roth conversions for the year 2024. Darryl recommends revisiting these conversions in consultation with advisors, stressing the significance of proactive planning in anticipation of potential tax law expirations in 2025.

*Despite an alarming increase in U.S. debt, significant changes are unlikely in an election year. The conversation revolves around the political rhetoric surrounding the issue and its potential impact.

*An explanation of why cybersecurity threats are escalating, including sophisticated tactics like deepfake technology.

If you enjoyed today's episode, make sure to share it with your friends and family!

Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. "Like" is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

2023, a year marked by unforeseen events and economic shifts, offered a dynamic canvas where global trade tensions, technological strides, and cultural influences converged, shaping the financial landscape and leaving a lasting imprint on the way we approach investments and plan for the future.

In today's episode of Retire in Texas, Darryl Lyons takes us on a high-flying overview of the top ten financial events that shaped 2023. From balloons flying across the country to the Federal Reserve's interest rate hikes, each event unfolds with economic implications and lessons for the future.

Some of today's show highlights include:

*Significant themes and takeaways from the major events of 2023, offering a comprehensive perspective on the financial landscape of 2023 and beyond.

*A consideration of the evolving role of traditionally conservative investments in an ever-changing financial landscape.

*The "Swiftie Effect" and insight into the multifaceted economic effects of cultural phenomena beyond traditional sectors.

*An explanation of what is to be expected of AI's continued impact on financial planning and global industries.

If you enjoyed today's episode, be sure to share it with your friends and family!

Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. "Like" is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

Many people set New Year's resolutions, but how many people actually achieve them?

In today's episode of Retire in Texas, Darryl Lyons takes a unique approach to goal setting, offering valuable insights and personal anecdotes that have guided his journey to success.

Show highlights include:

*The power of establishing attainable objectives and understanding the importance of having a well-structured strategy to reach them.

*An in-depth explanation of the nine different areas for goal setting.

*A breakdown of an experiment from Heidi Grant-Halvorson's book, "Succeed: How We Can Reach Our Goals".

*Darryl's experience with goal setting from a young age, and how it set the groundwork for his personal and professional success later in life.

If you enjoyed today's episode, be sure to share it with your friends and family!

Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. "Like" is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

As the year draws to a close, the demand for information on charitable donations is on the rise.

In today's episode of Retire in Texas, Darryl Lyons delves into the world of Donor Advised Funds, offering a comprehensive guide to this powerful tax strategy for the charitably inclined.

Some of the topics discussed include:

• The presentation of Donor Advised Funds as a simpler alternative to wealthy individuals setting up foundations for charitable giving.
• An explanation of the distinction between faith-based and secular donor advised funds.
• The importance of verifying charities and why you need to be wary of charities asking for immediate large payments, gift cards, or wire transfers.
• Why PAX believes that setting up a donor advised fund can be a strategic move in anticipation of potential tax increases in the future.

If you enjoyed today's episode, make sure to share it with your friends and family!

Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. "Like" is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

Emphasizing the essence of comprehensive financial planning, it is crucial not only to strategize for present tax implications but also to meticulously plan for the constantly evolving future financial landscape.

In today's episode of Retire in Texas, Darryl Lyons navigates the intricate terrain of impending tax changes, estate planning nuances, and strategic financial decisions, providing indispensable insights for proactive and future-focused financial planning.

Some of the topics discussed include:

• The imminent change in the Tax Cuts and Jobs Act by 2025, suggesting potential increases in taxes.
• A breakdown of the complexities of estate tax dynamics, such as exemptions, potential changes, and proactive strategies for those with estates exceeding $10 million.
• Uncovering the art of strategic gifting to family members and staying below triggering thresholds to avoid tax implications.
• Exploring potential changes in tax brackets and standard vs. itemized deductions.

If you enjoyed today's episode, make sure to share it with your friends and family!

Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. "Like" is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.