Wealth Roadmap with Jeff & Steve

In this episode of Wealth Roadmap Podcast, Jeff and Steve break down the essentials of tax rates to help you better understand how taxes impact your financial future. They explain the difference between marginal tax brackets and effective tax rates, walking you through how each affects the amount you pay in taxes. 

Whether you're filing as an individual or managing your finances as a business owner, this episode will equip you with the knowledge to navigate the tax landscape with confidence. Tune in and take control of your tax strategy!

Disclosures: Investment advisory services are offered through M Holding Securities, Inc., a registered broker/dealer and investment advisor and Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors("PCA") an SEC registered investment adviser with its principal place of business in the State of Ohio. OneTeam Financial and PCA are separate, non-affiliated entities. PCA does not provide tax or legal advice. Insurance and tax services offered through OneTeam Financial are not affiliated with PCA. Information received from this video should not be viewed as individual investment advice. Product discussions and illustrations are hypothetical in nature and will vary based on many factors including, but not limited to, age, health, product, insurance carrier and product design. You should consult the insurance carrier website and policy for detailed information. Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure website. For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money. 7032223.1

By the end of this episode, we hope you will have a comprehensive understanding of tax loss harvesting and how to leverage it effectively to enhance their investment returns while minimizing tax burdens. Whether you're a DIY investor or work with a financial advisor, this podcast helps equip you with the knowledge needed to navigate the intricacies of tax-efficient investing confidently.

Tune in to our podcast episode on tax loss harvesting today to help unlock the potential of maximizing your investment returns while minimizing your tax liabilities!

Disclosures: Investment advisory services are offered through M Holding Securities, Inc., a registered broker/dealer and investment advisor and Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors("PCA") an SEC registered investment adviser with its principal place of business in the State of Ohio. OneTeam Financial and PCA are separate, non-affiliated entities. PCA does not provide tax or legal advice. Insurance and tax services offered through OneTeam Financial are not affiliated with PCA. Information received from this video should not be viewed as individual investment advice. Product discussions and illustrations are hypothetical in nature and will vary based on many factors including, but not limited to, age, health, product, insurance carrier and product design. You should consult the insurance carrier website and policy for detailed information. Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure website. For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money. 6834862.1

In this episode of "Wealth Roadmap with Jeff & Steve," we embark on a foundational exploration of beneficiaries and the crucial role they play in estate planning. Join us as we unravel the intricacies of primary and contingent beneficiaries, shedding light on the differences between per stirpes and per capita distribution methods. Whether you're new to the concept or seeking a refresher, this introductory course equips you with essential knowledge to navigate the complexities of leaving money behind. Tune in as Jeff and Steve demystify beneficiary designations, empowering you to make informed decisions and secure a lasting financial legacy for your loved ones.

Disclosures: Investment advisory services are offered through M Holding Securities, Inc., a registered broker/dealer and investment advisor and Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors("PCA") an SEC registered investment adviser with its principal place of business in the State of Ohio. OneTeam Financial and PCA are separate, non-affiliated entities. PCA does not provide tax or legal advice. Insurance and tax services offered through OneTeam Financial are not affiliated with PCA. Information received from this video should not be viewed as individual investment advice. Product discussions and illustrations are hypothetical in nature and will vary based on many factors including, but not limited to, age, health, product, insurance carrier and product design. You should consult the insurance carrier website and policy for detailed information. Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure website. For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money. 
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Description:
In this episode of "Wealth Roadmap with Jeff & Steve," we delve into the intricate world of mutual funds, shining a light on a lesser-known but significant phenomenon: phantom gains. Join us as we dissect real-life examples of how phantom gains can stealthily accrue within mutual funds, especially when invested using non-retirement dollars. Discover the surprising reality of receiving a tax bill even when your investments suffer losses and gain insights into navigating this complex landscape. Tune in as Jeff and Steve break down essential strategies to mitigate the impact of phantom gains and empower you to make informed decisions for your financial future. Whether you're a seasoned investor or just starting on your wealth-building journey, this episode promises invaluable wisdom to safeguard your assets and optimize your investment portfolio.

Disclosures: Investment advisory services are offered through M Holding Securities, Inc., a registered broker/dealer and investment advisor and Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors("PCA") an SEC registered investment adviser with its principal place of business in the State of Ohio. OneTeam Financial and PCA are separate, non-affiliated entities. PCA does not provide tax or legal advice. Insurance and tax services offered through OneTeam Financial are not affiliated with PCA. Information received from this video should not be viewed as individual investment advice. Product discussions and illustrations are hypothetical in nature and will vary based on many factors including, but not limited to, age, health, product, insurance carrier and product design. You should consult the insurance carrier website and policy for detailed information. Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure website. For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money.
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Podcast Description:
Welcome to Wealth Roadmap with Jeff and Steve, your guide to mastering personal finance and building lasting wealth. In this episode, we unveil the 13 essential steps to creating financial security and abundance in your life. From establishing an emergency fund to paying off high-interest debt and creating a comprehensive financial plan, we leave no stone unturned in our quest to help you achieve your wealth-building goals.

Join us as we delve into practical strategies, such as using financial tracking apps to monitor expenses, and getting crucial tasks like creating a Will/Estate plan done. We'll also explore savvy investment opportunities, including maximizing employer matches in your 401(k), starting a Roth IRA, and leveraging high-yield savings accounts for optimal returns. 

But that's not all. We'll guide you through lesser-known avenues to wealth, such as starting a Health Savings Account (HSA) and a 529 plan for your children's education. Plus, we'll discuss the importance of life insurance policies and the transformative power of financial education through must-read books like "The Millionaire Next Door" and "Rich Dad Poor Dad." 

Whether you're just starting your financial journey or looking to optimize your existing plan, this episode provides actionable insights and expert advice to help you navigate the path to financial freedom. Tune in to Wealth Roadmap and embark on the journey to a prosperous future today!    

Disclosures: Investment advisory services are offered through M Holding Securities, Inc., a registered broker/dealer and investment advisor and Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors("PCA") an SEC registered investment adviser with its principal place of business in the State of Ohio. OneTeam Financial and PCA are separate, non-affiliated entities. PCA does not provide tax or legal advice. Insurance and tax services offered through OneTeam Financial are not affiliated with PCA. Information received from this video should not be viewed as individual investment advice. Product discussions and illustrations are hypothetical in nature and will vary based on many factors including, but not limited to, age, health, product, insurance carrier and product design. You should consult the insurance carrier website and policy for detailed information. Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure web site. For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money. 6561426.1

In this insightful episode of Wealth Roadmap, hosts Jeff and Stephen explore the landscape of secure investments, guiding listeners through the strategies for achieving guaranteed financial returns. They provide an in-depth analysis of the most reliable investment vehicles, offering their insights, real-world examples, and a clear breakdown of each option's advantages and potential drawbacks. From the basics of Certificates of Deposit (CDs) and the safety of government bonds to the nuanced benefits of annuities, this episode covers essential considerations for anyone looking to make informed financial decisions. Jeff and Stephen discuss important factors such as FDIC insurance, tax-deferred growth, and the security of government and insurance guarantees.

 
They emphasize the importance of aligning investment choices with personal financial plans and preferences, ensuring that listeners are equipped to effectively manage income gaps and achieve the retirement lifestyle they aim for. This episode is designed to empower you with the knowledge needed to confidently navigate the safer side of investing, making it a must-listen for anyone interested in securing their financial future with smart, informed strategies.

Disclosures: Investment advisory services are offered through M Holding Securities, Inc., a registered broker/dealer and investment advisor and Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors("PCA") an SEC registered investment adviser with its principal place of business in the State of Ohio. OneTeam Financial and PCA are separate, non-affiliated entities. PCA does not provide tax or legal advice. Insurance and tax services offered through OneTeam Financial are not affiliated with PCA. Information received from this video should not be viewed as individual investment advice. Product discussions and illustrations are hypothetical in nature and will vary based on many factors including, but not limited to, age, health, product, insurance carrier and product design. You should consult the insurance carrier website and policy for detailed information. Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure web site. For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money. 6512791.1

In this enlightening episode, hosts Jeff Costello and Stephen Bene dive deep into the intricacies of the 4% rule, a strategy that has long been a cornerstone of retirement planning. With pensions becoming a relic of the past and the reliance on 401ks and investment accounts on the rise, the fear of outliving one's savings has never been more palpable among retirees and pre-retirees. The 4% rule, developed in the 90s by financial advisor Bill Bengen, suggests that withdrawing 4% of your retirement portfolio annually (adjusted for inflation) should sustain a retiree through a 30-year retirement. However, with increasing longevity and changing economic landscapes, is this rule still applicable?

Jeff and Stephen explore the origins, benefits, and potential pitfalls of adhering strictly to the 4% rule in today's volatile market and uncertain economic climate. They address the challenges of increased longevity, lower than expected market returns, and the implications of Required Minimum Distributions (RMDs) that could disrupt this withdrawal strategy. Through a mix of expert insights, historical context, and real-world examples, the episode offers a comprehensive look at alternative strategies, including bucket planning, tax-efficient withdrawal strategies, and adjusting to life's unpredictability.

This episode is for anyone looking to understand the complexities of retirement planning, the viability of the 4% rule, and seeking guidance on crafting a retirement plan that accounts for individual needs, market conditions, and the pursuit of a fulfilling post-work life. Join Jeff and Stephen as they demystify retirement planning, providing listeners with the knowledge and confidence to navigate their golden years successfully.

For more information on the 4% rule, please visit: https://www.forbes.com/advisor/retirement/four-percent-rule-retirement/.  

Disclosures: Investment advisory services are offered through M Holding Securities, Inc., a registered broker/dealer and investment advisor and Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors("PCA") an SEC registered investment adviser with its principal place of business in the State of Ohio. OneTeam Financial and PCA are separate, non-affiliated entities. PCA does not provide tax or legal advice. Insurance and tax services offered through OneTeam Financial are not affiliated with PCA. Information received from this video should not be viewed as individual investment advice. Product discussions and illustrations are hypothetical in nature and will vary based on many factors including, but not limited to, age, health, product, insurance carrier and product design. You should consult the insurance carrier website and policy for detailed information. Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure web site. For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money. 6512696.1

Description: Join Jeff and Steve on Wealth Roadmap as we uncover the transformative benefits of optimizing your retirement assets, whether through consolidating into an Individual Retirement Account (IRA) or keeping them in your 401(k). In this eye-opening episode, we'll explore six and a half compelling reasons why strategic management of your retirement savings could be the key to unlocking financial freedom and maximizing your retirement goals. 

1. Simplified Management and Enhanced Control: Consolidating your retirement accounts into a single IRA offers simplicity and ease of management. 
2. Effortless RMD Management: Transitioning to retirement becomes smoother when managing Required Minimum Distributions (RMDs) from a centralized IRA, simplifying the process and reducing administrative hassle.
3. Greater Investment Flexibility: With an IRA, you gain access to a broader range of investment options compared to employer-sponsored 401(k) plans.
4. Lower Fees and Expenses: Many 401(k) plans charge higher administrative fees and expenses, whereas IRAs often offer lower-cost investment options.
5. Simplified Estate Planning: IRA allows you to designate beneficiaries and efficiently pass on your wealth to loved ones.
6. Strategic Use of Funds: Keeping your assets in a 401(k) offers unique advantages such as the ability to take loans against your balance, potential access to the Net Unrealized Appreciation (NUA) tax loophole, and flexibility to withdraw funds before age 59 1/2 under certain circumstances.
6.5 Considerations for Staying in Your 401(k): If you're still working, keeping your money in your 401(k) may have benefits such as not being required to take RMDs, utilizing 401(k) loans, exploring the NUA tax loophole, and potentially accessing funds before age 59 1/2 for specific needs.

Tune in to Wealth Roadmap and unlock the path to financial freedom today!

Disclosure: “We are trying to avoid making a blanket recommendation. Each decision should be based on the client's specific circumstances. DOL PTE and RegBI standards must be meet prior to recommending a rollover of an ERISA sanctioned plan.”

Disclosures:
Investment advisory services are offered through M Holding Securities, Inc., a registered broker/dealer and investment advisor and Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors("PCA") an SEC registered investment adviser with its principal place of business in the State of Ohio. OneTeam Financial and PCA are separate, non-affiliated entities. PCA does not provide tax or legal advice. Insurance and tax services offered through OneTeam Financial are not affiliated with PCA. Information received from this video should not be viewed as individual investment advice. Product discussions and illustrations are hypothetical in nature and will vary based on many factors including, but not limited to, age, health, product, insurance carrier and product design. You should consult the insurance carrier website and policy for detailed information. Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure web site. For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money.
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Description:
Join Jeff and Steve on the Wealth Roadmap Podcast as we unravel the mysteries of Required Minimum Distributions (RMDs) in plain language. In this episode, we cover everything you need to know about RMDs:- Which retirement accounts need RMDs?
- What happens if you miss your RMD?
- Can you reinvest your RMD?
- Strategies for managing RMDs.
- When do you start taking RMDs?
- How do you calculate RMDs?
- Dealing with RMDs across multiple accounts.
- Can you delay your first RMD?
- Impact of RMDs on Roth 401(k)s.
- How to estimate your future RMDs.But that's not all. Understanding RMDs is crucial for ensuring your retirement plan stays on track. We break down complex concepts into bite-sized pieces, providing actionable strategies to help you navigate the RMD landscape with confidence. Whether you're a seasoned retiree or just starting to plan for your golden years, this episode is packed with invaluable insights to optimize your retirement strategy.Don't let RMDs catch you off guard. Tune in to the Wealth Roadmap Podcast and gain the knowledge you need to master Required Minimum Distributions and secure your financial future in retirement.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds

Disclosures: Investment advisory services are offered through M Holding Securities, Inc., a registered broker/dealer and investment advisor and Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC. Financial Planning and Advisory Services are offered through Prosperity Capital Advisors("PCA") an SEC registered investment adviser with its principal place of business in the State of Ohio. OneTeam Financial and PCA are separate, non-affiliated entities. PCA does not provide tax or legal advice. Insurance and tax services offered through OneTeam Financial are not affiliated with PCA. Information received from this video should not be viewed as individual investment advice. Product discussions and illustrations are hypothetical in nature and will vary based on many factors including, but not limited to, age, health, product, insurance carrier and product design. You should consult the insurance carrier website and policy for detailed information. Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure web site. For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money.
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Join Jeff and Steve on this episode of "Wealth Roadmap" as they delve into the rollercoaster ride that was the S&P 500 during the Lost Decade from 2000 to 2010. While recent years have seen impressive gains, it's crucial to remember the challenges investors faced during this period of stagnant growth. Jeff and Steve explore the importance of diversification beyond the S&P 500, highlighting the need to consider alternative asset classes for a well-rounded investment strategy. Tune in to gain valuable insights on weathering market volatility and building a resilient portfolio for long-term success.

Disclosures:
Investment advisory services are offered through M Holding Securities, Inc., a registered broker/dealer and investment advisor and Prosperity Capital Advisors LLC (“PCA”) an investment advisor registered with the United States Securities and Exchange Commission (SEC). For a detailed discussion of PCA and its investment advisory fees, see the firm’s Form ADV and Form CRS on file with the SEC.
 Financial Planning and Advisory Services are offered through Prosperity Capital Advisors("PCA") an SEC registered investment adviser with its principal place of business in the State of Ohio. OneTeam Financial and PCA are separate, non-affiliated entities. PCA does not provide tax or legal advice. Insurance and tax services offered through OneTeam Financial are not affiliated with PCA. Information received from this video should not be viewed as individual investment advice. Product discussions and illustrations are hypothetical in nature and will vary based on many factors including, but not limited to, age, health, product, insurance carrier and product design. You should consult the insurance carrier website and policy for detailed information. Content may have been created by a Third Party and was not written or created by a PCA affiliated advisor and does not represent the views and opinions of PCA or its subsidiaries. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure web site. For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money