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Inflation is not going away anytime soon.  Your government continues to spend and offer tax deductions.  Something has to give and that's your lifestyle.  It is time to look at your spending habits and what you really need.   

The author went through this exercise and found lots of waste in areas that were not obvious.  Listen as he goes into things you should pay attention to.

  💬 "Hey there! If you enjoyed today’s episode and want more exclusive insights, head over to RetireCoast.Com. You’ll get bonus content, episode summaries, and early access to special resources—all straight to your inbox.
It’s free, and I’d love to connect with you there! Just go to RetireCoast.com or click the link in the show notes to sign up now."

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

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Having difficulty paying your mortgage payment or will in the near future?  Don't let your house go into foreclosure there are many options available to you.  We dive into ways people with income can work out plans to keep their homes. 

Individuals who have lost their income still have options to avoid a foreclosure and prevent their credit from deteriorating.  You may have equity in your home and need to find a way to get it out.

You may feel depressed and are ignoring those notices from your creditors.  Stop! listen to this podcast and learn how you can take charge of your life.

Read a companion article to be posted on RetireCoast.com titled Stop that foreclosure now with our best tips to be published 9-24-24.

💬 "Hey there! If you enjoyed today’s episode and want more exclusive insights, head over to RetireCoast.Com. You’ll get bonus content, episode summaries, and early access to special resources—all straight to your inbox.
It’s free, and I’d love to connect with you there! Just go to RetireCoast.com or click the link in the show notes to sign up now."

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

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Don't buy a condo before listening to this podcast.  If you buy that perfect condo without diving into reserve study and assessments, you could find yourself in big trouble.  Many people have walked away from their condos because very large assessments have been required to complete deferred maintenance on their properties. 

The large condo complex that collapsed in Florida is a great example of a building that was falling apart and the HOA did not manage the property by accruing funds every month for eventual maintenance.  The result, the building was destroyed and people died.

Learn more about what you should do before you sign up to buy your condo. 

Connect With Us:

🌎 Website: RetireCoast.com
📩 Email: [email protected]

🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast 

🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, and the Mississippi Gulf Coast.

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

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UPDATE: We dodged a bullet.  Congress came around.  Listen to this updated podcast: 

The updated podcast explains how not only did congress retain the existing tax reductions added more.  Listed to 

Do you like paying less to the federal government in taxes?  If you answered yes then you better get to planning now.  Effective at the end of this year those great lower tax rates and high standard deductions will become a thing of the past.

Congress has not reauthorized the tax benefits and with the election this year, they may not get to it.  Listen as we discuss how much those reductions have benefited you and what you can do right now to take advantage before the end of the year.

Connect With Us:

🌎 Website: RetireCoast.com
📩 Email: [email protected]

🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast 

🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, and the Mississippi Gulf Coast.

Share it with fellow entrepreneurs and leave us a review on your podcast player! Your support helps us bring more valuable insights to business owners like you

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

...

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[UPDATE 2026]: Significant market shifts in insurance costs, interest rates, vacancy rates, and more have occurred since this recording. For the latest data on the Mississippi Gulf Coast market, listen to episode:  Vacation Home Trends: 2024 Predictions vs. 2026 Reality.

Learn about the changes in the vacation home market in 2024 and for 2025 vs the past few years.  How COVID changed the market and income streams for vacation rental properties.  How to take advantage of the current and near-future volume of vacation homes coming to the market at reduced prices, fully furnished.

Visit our website at https://retirecoast.com

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

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n this episode, we dive into the rules and strategies for deducting losses on rental real estate properties. Whether you're a seasoned investor or just getting started, understanding how to handle rental property losses can help you optimize your tax situation and maximize your returns.

What You'll Learn in This Episode:

✅ How rental property losses work for tax purposes
✅ The difference between passive and active rental income
✅ IRS rules on passive activity loss limitations
✅ When you can fully deduct rental losses
✅ How the real estate professional status can impact deductions
✅ The impact of depreciation and other deductible expenses
✅ Strategies to reduce taxable rental income

Key Takeaways:

🔹 Passive Activity Loss Rules: Most rental losses are considered passive, meaning they may be limited unless you qualify for special exemptions.
🔹 $25,000 Deduction for Active Participants: If you actively manage your rental and have a modified adjusted gross income (MAGI) of $100,000 or less, you may deduct up to $25,000 in rental losses.
🔹 Real Estate Professional Status: If you spend more than 750 hours in real estate activities and meet the IRS requirements, rental losses can be fully deductible against other income.
🔹 Depreciation Benefits: Understanding depreciation can help you maximize deductions while reducing taxable income.
🔹 Carrying Forward Losses: If your rental losses exceed IRS limits, they can often be carried forward to future years.

Actionable Steps:

1️⃣ Track your expenses: Keep detailed records of mortgage interest, property taxes, repairs, maintenance, and other deductible expenses.
2️⃣ Assess your eligibility for real estate professional status: If real estate is a significant part of your business, this could unlock major tax benefits.
3️⃣ Use depreciation to your advantage: Work with a tax professional to ensure you're claiming the right amount of depreciation.
4️⃣ Plan for future deductions: If you're unable to deduct all losses this year, know how to carry them forward for future tax benefits.
5️⃣ Consult a tax advisor: Rental real estate tax laws can be complex, and professional guidance can help you navigate the best strategies.

Resources Mentioned in This Episode:

📌 IRS Publication 925 – Passive Activity and At-Risk Rules
📌 IRS Publication 527 – Residential Rental Property
📌 Tax deduction calculator for rental property owners
📌 [Your Website or Resource Link]

Have a Question?

Got questions about rental property deductions? Send us your questions, and we may answer them in a future episode!

👉 Subscribe & Review: If you found this episode helpful, please subscribe and leave a review! It helps us reach more real estate investors like you.

Connect With Us:

🌎 Website: RetireCoast.com
📩 Email: [email protected]

🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | RetireCoast Podcast 

🎧 Enjoyed this episode? Don’t forget to rate, review, and subscribe to stay updated on all things Finance, Real Estate, Lifestyle, Retirement, a

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

...

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UPDATE NOTE:  This podcast is still relevant in 2026 because in 2025, the Big Beautiful Bill continued the deductions included here plus added an additional large deduction for those over age 65.  

Seniors get a large break on their tax liability thanks to a change in the law.  The standard deduction is very high and the tax tables are lower. 

Listen as we discuss some benefits to Seniors and how many will pay no federal taxes.  Visit our companion blog articles including:  Seniors Income Tax 2023 Deductions and how to File Now  and Seniors and Retirees Planning Income Tax Strategies for 2024

As always, listen to our podcasts and read our blog articles located at RetireCoast.com

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

...

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Just turned 72, consider something new.  You must start paying back the taxes that you have deferred over the years.  There is no truly free lunch as some would say.  What the government giveth the government takes away.

The IRS has a table that tells you how long you are likely to live a your age.  They also tell you how to determine the amount they want each year which is based upon your age and the total in your funds.      The mandatory distribution only affects funds that were not taxed when earned.  IRA, SEP IRA, 401(k) etc.

 This podcast discusses what this is all about and who must comply, when, and how.  It also recommends that you visit our website RetireCoast.com and read our articles about filing your Senior 1040 form and another article about tax planning 

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

...

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Large trees near your house can destroy your sewer system, sidewalks, driveways, and your house foundation.

Repair costs from tree root damage can be terrific.  You can prevent this from happening if you take action now.   Also, when you plant a new tree, there is a method to contain its future roots.  Listen to our podcast about this topic that affects many homeowners and can save you money.     

Read our blog articles at Https://retirecoast.com  we have dozens of articles that are designed to help you improve the quality of your life. 

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

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 No need to travel to New Orleans for Mardi Gras.  You can see it all here on the Mississippi Gulf Coast every year.  More than 20 parades are scheduled in all of the Coast cities from 12th Night (12 days after Christmas) through Fat Tuesday (the day before Ash Wednesday).

Listen to our podcast then visit our website to see the latest about Mardi Gras including the parade schedule here

Visit our website to read some of our many blog articles about the Mississippi Gulf Coast, retirement, personal finance and more.

Support the show

🎙️ Enjoyed This Episode?

Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.

👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.

📋 Looking for more advanced planning resources?

Explore our membership programs:

• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.

• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.

• All Access Membership — Receive complete access to both memberships and our entire premium planning library.

Learn more at:
https://retirecoast.com/estate-planning-membership/
https://retirecoast.com/business-builder-membership/
https://retirecoast.com/all-access-membership/

💬 Have a question or a topic you'd like us to cover?

Email: [email protected]

...