Glen Hancock and David Hodson break down the different thresholds for annual giving limits and taxes after death. They explain how they walk clients through strategies and giving and getting their estate value to a certain number to avoid taxes. The duo also explains what trusts are, why they only work for certain clients, and how their firm has different products and people on staff to walk clients through this complicated process. 

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David Hodson and Glen Hancock discuss how they walk clients through the process of adding kids or other beneficiaries to different accounts, as clients age. David has a story about an aging mom, who made that choice while she still could, and Glen explains how only having a power of attorney alone can still be very complicated. David and Glen also discuss their holiday plans and trips they plan to take. 

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Glen Hancock & David Hodson break down the tax implications of qualified and non-qualified funds and the types of accounts that are in those categories. Glen and David talk about “tax time bombs” and how to portion out deposits and payments to make those less, well, taxing. And Glen tells listeners about Austin, while David describes what Waco is famous for.

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David Hodson & Glen Hancock discuss what first-time visitors to Advanced Financial Strategies should bring with them: tax docs, account statements, and their retirement goals. Glen explains why these are so important and David digs into the different tax strategies they can discuss. Glen and David also have a laugh about David passing up on a chance to join Glen at the big Texas-Georgia football game.

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David Hodson of Advanced Financial Strategies is proud to provide a podcast option for people seeking to further their financial literacy and plan for their future. “Texas Sized Retirement … Simplified,” will provide tips and a general road map to help navigate what can seem like a long road to retirement filled with hazards and blind turns. Subscribe and tune in as each episode will provide valuable information regarding income planning, tax minimization, legacy planning, and more!

No matter what stage of the retirement journey you are in, “Texas Sized Retirement … Simplified,” strives to help with strategies that build towards your vision.

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David & Glen discuss their backgrounds in financial services industry, their motivations for helping clients with retirement planning, and the importance of community in their work. They share personal stories about their journeys to Texas and how they built a successful partnership in the financial industry, emphasizing the joy of working with clients and the satisfaction that comes from helping others achieve their retirement goals.

#retirement #financialplanning #clientrelationships #financialstrategies #retirementgoals #financialindependence 

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David and Glen discuss the fundamentals of 401(k) and 403(b) retirement accounts, emphasizing the importance of understanding these financial tools for effective retirement planning. They highlight the differences between these accounts, the significance of financial education for educators, and strategies for maximizing retirement savings. The conversation underscores the need for consistent contributions and informed decision-making to secure a financially stable retirement.

#401k #403b #retirementplanning #financialeducation #taxstrategies #retirementsavings #investmentstrategies #pensionplans

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