Smart Charitable Giving is relevant during this time of year. In this video, we talk about how to give money and save on taxes. Give more money in donations and pay less in tax; we love this formula. Be smart about your charity. If you're smart about charitable giving, you'll think before you give gifts of cash. We've got three tips that you should be aware of before you make any gifts of cash to charities. The tax savings could be huge. By the end of this episode, you’ll
I Bonds News: I bonds are one of our favorite investments. But now, with the new rates as of November 1st being down over 3% compared to the past, is it too late to invest? Have you missed out? By the end of the episode, you’ll know what’s changed with I- Bonds, what has actually improved, and why it can still be a smart place to invest some of your money. Plus, at one point, Bridget has a brain-freeze and forgets the news! John gently tries to cover but ends up with a guff
Understanding QCDs, or Qualified Charitable Contributions can save you big on your taxes. As a practical matter, there are important reasons to do QCDs before December. Many people know that at a certain age, the law requires you to take RMDs, or Required Minimum Distributions out pre-tax accounts. But did you know there are ways to take Required Minimum Distributions, or RMDs, and pay no tax at all? It sounds to be too good to be true, but the IRS explicitly approves this
CDs, or Certificates of Deposit, Treasuries, and TBills are paying higher interest than they have been in years. You can start earning 3-4% interest on money that is safe and guaranteed. When we talk about parking cash, we think—what money might I need in the next 1-5 years. We want to make sure that it’s safe. In the past 10 years or so, there hasn’t been much variance between different types of safe investments. With interest rates going up, there are opportunities to ma
October 20th, 2022 is World Values Day. Everybody agrees that they want more happiness in their life. In honor of World Values Day, John Scherer and Bridget Sullivan Mermel talk about one of the keys to uncovering more happiness in your life while making the same amount of money (or more!): focusing on your values. Researchers have found that finding prioritizing your values and setting goals leads to a more meaningful life. Bridget puts this in terms of a deceptively simple
Buy A New Car from Dealer? This video, tells you everything Bridget Sullivan Mermel learned from her Dad about the process of buying a new car from a dealership. Buying a new car can be difficult. It's a large ticket item that you don't buy very often. The sales staff and dealer know a lot more about the transaction than you do. They do this all the time, while you do this every 3-20 years. This means you can be at a serious disadvantage when buying a car. We talk about the
Should I Take Student Loans If I Don't Need Them? Are you missing out by not taking student loans? We’re going to talk about the pros and cons of getting student loans in the new era of student loan debt forgiveness. You don't want to feel like you're missing out because there's free money out there now. You want to make sure that you're being smart while you go to school. There's a lot to consider. We talk about the potential downsides to depending on debt forgiveness.
3 Student Loan Mistakes To Avoid. With the new rules on student loans, there is a lot of confusion, and a lot of opportunity. But, you want to avoid mistakes. Student loans can be tricky. By the end of this episode you’re going to know three mistakes that you can avoid. We’re joined by Patti Hughes, CPA, CFP® and Certified Student Loan Professional. In this episode, we discuss both the major things that people should know from the "old" rules, but also what opportunities