Retirement Rescue Radio

Nate discusses Kamala Harris’s 25% proposed tax on unrealized capital gains.

Sources:

https://www.forbes.com/sites/robertwood/2024/08/29/kamala-harris-plan-to-tax-unrealized-capital-gain-is-scary-heres-why/

https://www.forbes.com/sites/robertwood/2024/08/28/kamala-harris-has-big-plans-for-your-taxes-here-is-what-you-could-pay/

https://www.politifact.com/factchecks/2024/aug/30/facebook-posts/harris-backs-an-unrealized-capital-gains-tax-it-wo/

https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/

Nate is once again fed up with the narrative of the rich not paying any taxes. Literally every single tax comment that came out of Biden’s mouth is wrong. And not subjectively wrong, not politically wrong, they are every one of them objectively, factually wrong.

Source: https://taxfoundation.org/data/all/federal/summary-latest-federal-income-tax-data-2023-update/#:~:text=The%20top%201%20percent%20earned,the%20bottom%2090%20percent%20combined

https://www.forbes.com/advisor/business/average-salary-by-state/

https://www.politifact.com/factchecks/2021/apr/12/joe-biden/fact-checking-joe-biden-corporation-taxes/

https://drilldownsolution.com/how-billionaires-avoid-taxes/

https://www.washingtonpost.com/politics/2021/10/21/bidens-favorite-stat-that-55-major-corporations-paid-no-federal-income-tax/

https://www.politifact.com/factchecks/2023/nov/29/joe-biden/is-joe-biden-right-that-republicans-would-cut-soci/

Nate discusses an article that explains the changes to the Social Security System that Retirees would be willing to make in order to shore up the reserves and bring it back to solvency.

Nate interviews Advisor Josh Miller on some very specific nuanced social security claiming strategies.

Nate interviews Matt Black who busts some myths surrounding retirement.

Nate discusses strategies to retire early and get the income you need while still qualifying for the ACA tax credits.

Sources:

• Health Insurance Marketplace Calculator
• HealthCare.gov - Count Income & Household Size

Nate discusses a specific claiming strategy that received a major overhaul in 2015.

Source: Social Security Filing Rules for Retirement and Spouses Benefits

Nate takes us through some of the questions you should be asking if you are part of the KPERS system, as well as other considerations to help make your pension and lump sum decisions.

Nate discusses how to tell what kind of financial advisor you will hear from at retirement workshops based on the disclosures on the invitations. He also gives an update on the markets and interest rates and where he expects the market to go this year.

Source: AE Wealth Management

Nate discusses his opinion on the debt ceiling issue and its use as a political negotiating tool and whether or not you should be concerned about it.

Source: https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/