As we head into the long weekend - and the first weekend of Indiana University football - it's time for the next Question-and-Answer Show. David and Jim Inman will be in the studio with a number of your questions, including:

• What's the difference between a 529 plan, an UTMA and an UGMA?
• What happens to the funds in a Health Savings Account (HSA) when someone passes away?
• Why is it important to determine what account to take money from?
• Should you adjust your financial plan if you don't intend to retire?
• How does an IRA transfer work when it goes from one sibling to another?

There are several other questions to discuss - remember you can always send your questions to [email protected]. We'll get them answered as quickly as possible and may use them on a future episode!

You've heard of CPI - the Consumer Price Index - but have you heard of PPI - the Producer Price Index? This week David welcomes Rod Holloway to kick-off the show and talk about how the two indices are telling different stories.

The seventh IRA commissioner of 2025 has been appointed - what does the non-partisan Tax Foundation have to say about the upheaval?

Plus - there is still time to consider a Roth IRA conversion if you haven't already... American farmers are aging, and what that means to our food supply... and David's upcoming conversation with Senator Todd Young. There's much to share on the show! 

David is back home after a trip to Uruguay in South America, and he will share about his experience there, including the similarities and differences in their financial system to ours. He will also have the latest news on Thursday's inflation reports from Washington.

The Wall Street Journal has had recent articles about business optimism in America. Is it really happening? David will discuss the articles and what it means as we head into the last four months of the year.

Plus, the new tax-breaks for people looking to purchase a new vehicle have a number of caveats... American's 401(k)s are tied to stocks now more than ever... and David's upcoming meeting with Senator Todd Young.

This week's show will start off with a market update from Rod Holloway with CFCI... what's happening with the Federal Reserve and interest rates, the Producer Price Index (PPI) and more. Then David shares about a recent test he took on IRAs - and why the nuances are so important in financial planning.

David will also discuss QCDs - Qualified Charitable Distributions - and their benefits, as well as a financial conference Doug Hughes will be attending in the coming weeks. Now that we're in the latter half of the year, it's time to start thinking about charitable giving, and a QCD might be a good way to give if you fit the criteria.

There's a lot of ground to cover this week!

It's time to take a deep dive into the One Big Beautiful Bill legislation signed into law on July 4. This week David will bring insights on the various pieces of the bill - the changes in standard tax deductions, state and local tax deductions (aka SALT), the "bonus" deduction for older Americans, estate and gift tax exemption and charitable deductions.

Some of these changes have expiration dates, which can have a significant price tag to them. David will discuss what's permanent and what's temporary in the bill.

Will Rogers said "The only difference between death and taxes is that death doesn't get worse every time Congress meets." Remember that when you listen to the show this weekend! 

David is back this week with another Question-and-Answer Show! Jim Inman will be joining in, asking a variety of your email submissions and in-office meetings. Some of the question topics include:

• The $1,000 accounts being set up for newborns
• Diversification after receiving an inheritance
• Tips for caring for older parents and children (for those in the "Sandwich Generation")
• Beneficiary designations
• Trusted contacts
• Medicare premium increases

There is something for everyone – tune in to the full hour!

This week David brings Wayne Thacker from the office on the show to discuss the Indiana Public Retirement System (INPRS), which is available to teachers, public employees and others.

David and Wayne will discuss how employees become eligible for the benefits of the plan, what options are available to those approaching retirement and survivor benefits. They will also dive into how the program works with those on Medicaid and Medicare, and some of the pitfalls of the plan - and possible ways to avoid them.

If you know a state employee, teacher, police officer or other public employee, encourage them to listen in this week!

After last week's show was recorded, the "Big Beautiful Bill" was voted on and approved by the House of Representative. President Trump signed the bill into law on Friday, July 4, 2025.

So what happens now? That's what David brings to the air this week - starting with a market discussion with Rod Holloway from CFCI. How did the markets react immediately after the news - Rod and David will talk.

David will also share the Good, Bad and Ugly on the bill - the extended tax laws, why Americans will need more clarity from the IRS and how tax software will change. While the BBB has passed, the impacts are still to be felt - and David will share more this week on the show. 

The "Big Beautiful Bill" made it through the Senate this week, and is now on to the House for a vote. What does this mean to Americans? David will discuss where the bill is in the legal process, what changes might occur related to the 2017 taxes and jobs acts and what challenges might occur regarding overtime rules.

David will also talk about a recent news story that nearly 1,000 Americans became millionaires every day in 2024. How did it happen - and will it continue?

Plus, David has some follow-up from last week's interview with Ed Slott - the 15 biggest mistakes people make with their IRAs.

David is excited to welcome author, media personality, national speaker and IRA expert Ed Slott back to the show this week.

More than 20 years ago Ed founded the Elite IRA Advisor Group, of which David is a founding member. On the show this week, David and Ed will discuss the basics of IRAs - both Roth and Traditional - and how they evolved into the investment vehicles used today. They will also discuss the tax advantages of IRAs, the importance of beneficiary designations, required minimum distributions and that legislative changes are happening - and need to happen, from Ed's perspective - to help retirees maximize their retirement savings.

A great guest will a wealth of knowledge this week - enjoy!