Real Money Pros

For many with money sitting inside of a pre-tax retirement account, it’s time to start thinking about taking their required minimum distributions. And depending on your situation, taking your RMDs may not exactly be ideal! Nic gives you some ideas on how to make the most out of those distributions. Online calculators, qualified charitable distributions, and investing your RMDs.

Host:

Nic Daniels BFA™, Financial Advisor

Find Us:

https://www.therealmoneypros.com

https://www.treecityadvisors.com

Resources:

https://www.forbes.com/sites/kristinmckenna/2022/10/19/the-best-way-to-take-required-minimum-distributions-rmds/?sh=6762222b69dd

Inflation is high, the stock market is down, and the news is looking scary. What do you do? If you’re looking for advice from an experienced and successful investor, who better than Warren Buffett? We dive into what Buffett does during times of inflation and market uncertainty. In short, it’s quite simple actually.

Host:

Nic Daniels BFA™, Financial Advisor

Find Us:

https://www.therealmoneypros.com

https://www.treecityadvisors.com

Resources:

https://www.investopedia.com/articles/markets/041714/how-warren-buffett-made-berkshire-hathaway-worldbeater.asp

https://www.advisorperspectives.com/articles/2022/10/25/what-would-warren-buffett-do

https://www.bls.gov/cpi/latest-numbers.htm

https://en.wikipedia.org/wiki/Paul_Volcker

https://www.berkshirehathaway.com/letters/letters.html

Two years ago, die hard cryptocurrency believers would’ve told you that you were stupid for doubting that digital coins were going to be the future of money… Well, how about it now, eh? Jeremiah hits the air solo and talks about the fall of FTX, one of the largest cryptocurrency exchanges. What to do with your coins going forward, the risks of investment manias, and long-term planning. Also, FSAs, taxes on capital gains, and end-of-year tax planning in the show’s second hour.

Host:

Jeremiah Bates, Financial Advisor

Find Us:

https://www.therealmoneypros.com

https://www.treecityadvisors.com

As financial advisors, the biggest financial hits you'll take are when it comes to making bad tax decisions. For example, what would happen if you checked the "traditional" box within your 401(k) instead of the "roth" option? Brian explains why finding tax efficiencies is crucial to financial success. Plus, our colleague, Diane Wilson with mysocialsecurityanalyst.com joins via phone to talk about Social Security. What changes are to come, taking SS early, spousal benefits, and more!

Guest:

Diane Wilson

www.mysocialsecurityanalyst.com

Host:

Brian Wiley, Financial Advisor

Find Us:

https://www.therealmoneypros.com

https://www.treecityadvisors.com

Fall, what a beautiful time of year… I know that it may be tempting to curl up by the fire and relax as the temperatures drop, but this is GO TIME! As the end of 2022 gets closer, there may be some important financial moves that you need to take advantage of while you can. Nic gives three things to pay attention to during November and December.

Host:

Nic Daniels BFA™, Financial Advisor

Find Us:

https://www.therealmoneypros.com

https://www.treecityadvisors.com

For this shortened show, co-hosts Nic and Alex discuss midterm elections, politics, market behavior, and end-of-year tax planning. With the midterm elections coming up, how can we expect the market to react? As historical data shows, pretty well. And as the holidays approach, it’s time to consider meeting with your financial professionals to make sure everything is handled before the craziness begins!

Hosts:

Nic Daniels BFA™, Financial Advisor

Alexandra Lundgren AIF®, Financial Advisor

Find Us:

https://www.therealmoneypros.com

https://www.treecityadvisors.com

We've all heard of the Chinese knock-off products that flood the street markets. Fake Gucci purses and the Nike shoes. But what about knock-off artificial intelligence? China is using technology from U.S. companies to form their own technologies – Something we are not too fond of. In fear of losing the technological upper hand, the United States' chip sanctions aim to stop just that.

Host:

Nic Daniels BFA™, Financial Advisor

Find Us:

https://www.therealmoneypros.com

https://www.treecityadvisors.com

Jeanine joins us once more to build on the last two episodes that focus on business exiting strategies. Today, the duo center on the pros and cons of the different types of buyers that may be interested in taking over your business. Strategic buyers, individual buyers, buying from within, and more. Plus, they glance over some of the benefits and hindering attributes to taking out a SBA loan to fund your newly acquired business.

Guest:

Jeanine Barkan, CVA, CEPA

https://www.myexitus.com/services

Host:

Kent Owings AWMA®, Wealth Advisor

Find Us:

https://www.therealmoneypros.com

https://www.treecityadvisors.com

Inflation, rising interest rates, bear markets: Words that soon-to-be retired folks could find scary. Brian and Nic talk about dealing with the current market’s roadblocks while approaching your golden ages. Changes in Social Security and how to make the most of your fixed income.

Hosts:

Brian Wiley, Financial Advisor

Nic Daniels BFA™, Financial Advisor

Find Us:

https://www.therealmoneypros.com

https://www.treecityadvisors.com

Last week, Social Security gave a 8.7% increase in benefits for the year 2023. It will add on at least $140 per month, in other words, one tank of gas for your truck. Nic goes ever the updated maximum taxable earnings, exemptions, benefits, and more. Rand Paul’s 2021 Festivus Report shows us just how much money the U.S. government wasted – so is there a better way to supplement our Social Security shortage? And don’t forget – it’s Roth Conversion season!

Sources:

https://blog.ssa.gov/social-security-benefits-increase-in-2023/

https://www.ssa.gov/news/press/factsheets/colafacts2023.pdf

https://www.heritage.org/taxes/commentary/1-chart-how-much-the-rich-pay-taxes

https://www.paul.senate.gov/sites/default/files/page-attachments/Festivus%20Report%202021_0.pdf

Host:

Nic Daniels BFA™, Financial Advisor

Find Us:

https://www.therealmoneypros.com

https://www.treecityadvisors.com