The Roth Guy with Jude Wilson

We've all heard about the national debt and deficit, but how do they actually impact your retirement plans? In this episode, Jude clarifies these often-confused terms and explores the challenges posed by the growing national debt. He also discusses how these factors influence inflation and your savings strategy as you approach retirement.

Tune in as Jude and Marc talk about potential solutions and strategies and share some practical advice for managing your retirement accounts tax efficiently.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:19 – National deficit vs national debt

5:40 – Historical context and current spending

8:47 – Inflation and its impact on retirement

10:45 – Maximizing retirement savings

15:26 – Being savvy with your money

Resources for this episode:

U.S. Debt Clock

https://www.usdebtclock.org/

Should I Contribute To my Roth IRA Vs Traditional IRA Flow Chart

https://drive.google.com/file/d/1nhrQKyai9HKtb3oTYWXZ-xVzHOtHWZMk/view?usp=sharing

Connect:

Website: https://centrusfs.com/podcast/  

Call: 800-779-4592

Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/

Join us for this episode of “The Roth Guy” as we cover the fundamentals of Roth IRAs. We'll start with the basics: What exactly is a Roth IRA? Jude breaks down the essential components, including the differences between traditional IRAs and Roth IRAs, and why it's crucial to consider tax diversification in your retirement strategy. He’ll also cover important topics such as contribution limits and eligibility for 2024, as well as the differences between Roth contributions and conversions.

Here’s some of what we discuss in this episode:

0:00 – Intro

0:52 – The basics of Roth IRAs and tax diversification

5:55 – Contribution limits in 2024 + finding balance

10:49 – Roth contributions vs conversions

14:03 – Roth conversions and Medicare premiums

Check out the Tax Efficient Funnels pdf HERE

Connect:

Website: https://centrusfs.com/podcast/  

Call: 800-779-4592

Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/

Welcome to this inaugural episode of The Roth Guy with Jude Wilson! We’re so excited to bring you this new show on YouTube and your favorite podcasting platforms. Join us as we take a look into the world of finance, retirement planning, tax planning, and more!

Just like any great superhero movie, your financial journey has its challenges- taxes, inflation, market risks- but with the right guidance, you can become the hero of your own financial story. In this first episode, you'll meet your guide, Jude Wilson, and get a preview of what’s to come in future episodes.

Here’s some of what we discuss in this episode:

0:00 – Intro

1:12 – What to expect from The Roth Guy

3:13 – The impact of tax policies

5:15 – Upcoming financial education

6:33 – Roth conversions

Connect:

Website: https://centrusfs.com/podcast/  

Call: 800-779-4592

Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/

We’re excited to announce our new podcast launching in the upcoming weeks! Join us as we discuss the impending expiration of the Tax Cuts and Jobs Act, potential future tax increases, and the importance of tax diversification in this episode. We introduce "The Roth Guy" and explore how proactive planning can help you achieve a tax-smart retirement.

Contact:

Website: https://centrusfs.com/podcast/  

Call: 800-779-4592

Psychologists have determined that retirement is one of the most stressful events that some people will experience in life. In this episode, we’ll look at the ways to proactively deal with the stress surrounding the retirement process.

Holmes and Rahe Stress Scale Study

https://www.simplypsychology.org/srrs.html

Contact:

Website: https://centrusfs.com/podcast/  

Call: 800-779-4592

Just like an annual checkup is important for maintaining good health, performing regular financial checkups is an essential part of planning for a healthy and successful retirement. By regularly assessing your budget, goals, and progress, you can make informed decisions to keep your finances on track. Although financial wellness is going to look different for everyone, we’ll share some areas you should be paying attention to in today’s episode.

Contact:

Website: https://centrusfs.com/podcast/  

Call: 800-779-4592

With the Tax Cut and Jobs Act set to expire at the end of 2025 and the national debt skyrocketing, the tax time bomb is ticking. It's more important than ever to prepare for the inevitable tax increases that could significantly impact your financial plans. Join Jude and Marc as they discuss the importance of proactive tax planning and share more about the Ticking Tax Time Bomb webinar coming up at the end of February.

To sign up for the upcoming webinar and take control of your financial future, visit centrusfs.com or call 800-779-4592, and don't forget to check out thetaxbomb.com, for additional valuable resources.

Contact:

Website: https://centrusfs.com/podcast/  

Call: 800-779-4592

This episode might be a bit counterintuitive. We’re going to question the real impact of common financial habits. Are the strategies you consider beneficial actually working in your favor? We explore the pros and cons of practices like ignoring account statements and strict budgeting. Join us for a practical discussion, as we uncover the unexpected effects of everyday money decisions. Are your good money habits holding you back?

Contact:

Website: https://centrusfs.com/podcast/  

Call: 800-779-4592

Join us for a thoughtful episode on end of year financial planning for 2023. We'll explore the nuances of optimizing your investment portfolio, safeguarding your assets, and ensuring a stable, rewarding lifestyle in the years to come. Listen in as we discuss essential topics like managing RMDs, exploring tax-saving opportunities, and more. We'll also chat about 2 Centrus guides designed to help you plan for a prosperous new year!

Contact:

Website: https://centrusfs.com/podcast/  

Call: 800-779-4592

This is part two of our discussion with Merrell Bailey, a seasoned estate attorney, CPA, and MBA. In this half of the conversation, she will share estate planning wisdom for singles who don’t plan on getting married. Merrell also highlights the importance of proactively planning for your estate by documenting your assets and stating preferences for inheritances and medical care decisions. Listen in to learn how to secure your estate and plan for a comfortable and stress-free retirement!

Contact:

Website: https://centrusfs.com/podcast/  

Call: 800-779-4592