The Real Money Pros

This last Saturday, Brian and Jeremiah were joined by attorney Steve Rausch to dive into some critical financial topics for business owners and families.

First, they explored the new FinCEN Beneficial Ownership Reporting Requirements. Starting January 1, 2025, businesses must report their beneficial ownership to the Treasury Department to combat tax evasion and money laundering. Non-compliance could result in hefty fines and jail time, so make sure you’re prepared!

The team discussed the importance of prenuptial agreements in estate planning. Prenups are especially vital for those in second or later-in-life marriages, as they protect personal and financial assets in case of divorce or death.

Next, they tackled trusts and estate planning for business owners. Trusts help avoid probate and ensure seamless asset transfer, but they can complicate FinCEN reporting. It’s crucial to plan carefully when using trusts in business ownership.

Finally, the team looked at entity structuring and asset protection. Setting up LLCs and holding companies can safeguard personal assets from business-related liabilities, but you need a clear strategy to stay compliant with FinCEN regulations.

Listen, Watch, Subscribe, Ask!

https://www.therealmoneypros.com

Hosts:

Brian Wiley & Jeremiah Bates

Guest:

Steve Rausch, Attorney

steverauschlawoffice.com

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

Ataraxis PEO

https://ataraxispeo.com

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Formations:

https://get.formationscorp.com/real-money-pros

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In this episode, we dive into the implications of the Federal Reserve's recent 0.5% interest rate cut, examining how it affects the economy, inflation, and financial products like loans and savings accounts. We also tackle the rising costs of living due to inflation, focusing on how essentials like groceries and auto insurance impact consumers daily. As we navigate this changing economic landscape, our experts discuss adaptive investment strategies, particularly for income investors, and the importance of tailoring portfolios to respond to potential future rate changes. Lastly, we explore retirement savings options for business owners and self-employed individuals, detailing plans such as traditional IRAs, SIMPLE IRAs, SEP IRAs, and solo 401(k)s. Understanding these options is crucial for optimizing tax benefits and ensuring a secure financial future.

Listen, Watch, Subscribe, Ask!

https://www.therealmoneypros.com

Hosts:

Jeremiah Bates & Nic Daniels

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

Ataraxis PEO

https://ataraxispeo.com

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Formations:

https://get.formationscorp.com/real-money-pros

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In this episode, Eric Forner of Passive Income Blueprint, shares his insights on building personal brands and passive income through affiliate marketing and online courses. He discusses his journey, the importance of mentorship, and how he made $19,000 in just 21 days through branding and storytelling. We also dive into business valuation challenges when a brand is closely tied to its owner, exploring strategies for creating a systemized, sellable company.

We cover Nvidia's key role in AI development and its partnership with Taiwan Semiconductor, while also examining geopolitical risks tied to the stock. A caller, Belinda, discusses her debt repayment strategy, including whether selling stock to pay down her high-interest debt was the right move.

Additionally, we explore rental property management, liquidation, and using a 1031 exchange or Delaware Statutory Trust to reinvest for better cash flow and tax efficiency.

Tune in for a comprehensive discussion on personal branding, AI investments, debt strategies, and real estate management!

Hosts:

Brian Wiley

Jeremiah Bates

Eric Forner, CEO, Passive Income Blueprint

go.passive-income-blueprints.com

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

Ataraxis PEO

https://ataraxispeo.com

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Formations:

https://get.formationscorp.com/real-money-pros

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With the rising cost of living, can young adults cover essentials like rent, food, and bills without relying on parental support? In this episode, we dive into the financial independence of young adults in today's challenging economic climate and compare it to previous generations.

The conversation also sheds light on the reality of low starting wages in certain fields—such as teaching—especially in places like Idaho, where financial struggles can be more pronounced. We discuss various strategies parents are using to help their children through this transition period, from keeping them on family plans to offering direct financial assistance for major expenses like buying a home. Is it necessary for today’s parents to support their children when they first leave the house?

Listen, Watch, Subscribe, Ask!

https://www.therealmoneypros.com

Hosts:

Jeremiah Bates & Nic Daniels

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

Ataraxis PEO

https://ataraxispeo.com

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Formations:

https://get.formationscorp.com/real-money-pros

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Jeremiah and Alex explore the impact of Federal Reserve interest rate changes on fixed-income investments like CDs and bonds. As rates rise, CDs become popular, but reinvestment risks loom when rates fall... We also discuss the inverse relationship between interest rates and bond prices, guiding you on how to navigate this shifting terrain.

Next, we compare 401(k)s, Roth IRAs, and Traditional IRAs. The tax implications of each, contribution limits, and strategies like the “backdoor Roth IRA” for high-income earners. We also delve into effective investment strategies, including asset allocation and diversification. We highlight the risks and rewards of individual stocks, such as Nvidia, and the influence of market trends and geopolitical factors on your portfolio.

Listen, Watch, Subscribe, Ask!

https://www.therealmoneypros.com

Hosts:

Jeremiah Bates & Alexandra Lundgren

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

Ataraxis PEO

https://ataraxispeo.com

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Formations:

https://get.formationscorp.com/real-money-pros

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This Saturday, we start by exploring the tax-efficient approach of Net Unrealized Appreciation (NUA) for managing company stock within a 401(k), explaining how you can potentially lower your tax burden. We analyze the anticipated Federal Reserve rate cuts and their implications for different market sectors and your investment portfolio. Do you feel like inflation has slowed down enough to cut rates?

We also tackle common IRS challenges, including tax filing and payment issues, and share tips on how to contest penalties through the taxpayer relief office. Learn about IRS Rule 72(t), a crucial tool for those considering early retirement, which allows penalty-free early withdrawals from retirement accounts. Finally, we cover key retirement planning strategies, focusing on managing taxable income to qualify for health insurance subsidies and optimizing your Social Security benefits.

Listen, Watch, Subscribe, Ask!

https://www.therealmoneypros.com

Hosts:

Brian Wiley

Nic Daniels

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

Ataraxis PEO

https://ataraxispeo.com

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Formations:

https://get.formationscorp.com/real-money-pros

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How much do you tip the waiter when they ask? On Saturday, we dove into the complexities of taxation for tipped employees, exploring whether tips should be taxed and how it impacts Social Security, FICA, and eligibility for tax credits and public assistance. We also discuss the potential benefits of investing in Opportunity Zones, areas designated for economic development that offer unique tax advantages for those looking to revitalize communities.

Our conversation then shifts to wealth-building strategies, unpacking how the wealthy leverage tools like Delaware Statutory Trusts (DSTs), Opportunity Zones, and 1031 exchanges to grow their wealth while minimizing taxes. Finally, we offer financial planning advice for young adults, focusing on the importance of starting early with a Roth IRA, building strong savings habits, and the value of mentorship in financial literacy.

Listen, Watch, Subscribe, Ask!

https://www.therealmoneypros.com

Hosts:

Brian Wiley

Alexandra Lundgren

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

Ataraxis PEO

https://ataraxispeo.com

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Formations:

https://get.formationscorp.com/real-money-pros

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In this episode, we dive into the complexities of market volatility and its impact on retirement planning, particularly for those approaching retirement. We discuss the recent market sell-off, its global roots, and the implications for the 401(k) accounts of those nearing retirement. You'll learn about the carry trade strategy and how it influences currency exchange rates and interest rates, contributing to recent market movements.

Our hosts offer practical advice on adjusting your investment strategy, emphasizing small, strategic reallocations over emotional, large-scale changes. We also explore the importance of risk assessment tools like Nitrogen (formerly Riskalyze) to ensure your portfolio aligns with your retirement timeline and goals. Want a free portfolio analysis through Apollon Wealth Management? Reach out to us using the link below!

Listen, Watch, Subscribe, Ask!

https://www.therealmoneypros.com

Hosts:

Brian Wiley

Jeremiah Bates

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

Ataraxis PEO

https://ataraxispeo.com

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Formations:

https://get.formationscorp.com/real-money-pros

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Jeremiah Bates runs solo to break down asset allocation vs. asset location: diversification vs. location. He also compares Roth IRAs and traditional IRAs, focusing on tax advantages and when to use each, including backdoor Roth IRA strategies for high-income earners. Tackling market volatility, he discusses the stock market's unpredictable nature and emphasizes long-term strategies. Plus, we analyze Intel's recent stock performance, broader market trends, and the impact of Federal Reserve policies on interest rates and asset classes…

Listen, Watch, Subscribe, Ask!

https://www.therealmoneypros.com

Host:

Jeremiah Bates

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

Ataraxis PEO

https://ataraxispeo.com

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Formations:

https://get.formationscorp.com/real-money-pros

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We dive into the recent market volatility influenced by key economic indicators like jobs reports, leading to a shift from equities to bonds. We also discuss various investment strategies, emphasizing the importance of a balanced portfolio, the potential risks in tech stocks, and the nuances of speculative trading with options.

We also explore how the upcoming presidential election could impact the markets, with a focus on sectors like defense, energy, and healthcare. Intel's recent challenges, including a significant stock drop, layoffs, and dividend suspension, are analyzed, along with its long-term prospects in the AI and chip industry.

How to maintain your long-term investment strategies despite market fluctuations and introducing the "bucket system" for asset allocation. Dividing assets into cash, income, and growth buckets can help manage risk and align with your financial goals.

Listen, Watch, Subscribe, Ask!

https://www.therealmoneypros.com

Hosts:

Brian Wiley, Jeremiah Bates, Ben Barzideh

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

Ataraxis PEO

https://ataraxispeo.com

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

Apollon Wealth Management:

https://apollonwealthmanagement.com/

Formations:

https://get.formationscorp.com/real-money-pros

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