Long-Term Tax Planning with Rick Rodgers and the Panel Talks about Tax-Free Investing

On today’s show, Joe interviews CFP® Rich Rodgers about long-term tax planning strategies.

Mr. Rodgers describs the three legs of a tax-efficient retirement strategy:

  • Pre-tax
  • After-tax
  • Tax-free

There are many strategies and investment vehicles to choose from. How you use each of these in a tax-efficient manner can help you grow your wealth faster in the long run.

Then, after the interview, the panel comes on to discuss Social Security, municipal bonds, and year-end tax strategies that can help you can avoid being taxed on capital gains when expecting a loss in the market.

There’s lots to learn in this episode. Enjoy!

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

http://moneytreepodcast.com/betterment

 

Today’s guest, Rick Rodgers:

Rick Rodgers is a CFP®, CRPC®, and co-founder and president of Rodgers & Associates.

He started his profession at a large Wall Street firm in 1984 before founding Rodgers & Associates. He and his wife have won awards and recognition over the past decade as well as being active in his church and community in Lancaster, PA.

You can read more about him at rodgers-associates.com/team/rick-rodgers

Rick Rodgers has authored two books:

 

Today’s Panelists

Joe Saul-Sehy | Money in the Morning
Linda P. Jones | Be Wealthy and Smart
Miranda Marquit | Planting Money Seeds on Facebook
Doug Goldstein | Profile-Financial.com

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

 

Constructing ETFs with Kip Meadows – PLUS the Panel Talks Marijuana Stocks

Kip Meadows joins us to talk about how ETFs are constructed.

He explains that an ETF is a type of mutual fund that trades like a stock. While mutual funds aren’t technically traded until the end of the day, ETF transactions can be conducted during intraday trading.

“They’re organized in a structure that allows buying shares in an underlying portfolio. That’s why you go through an exchange because you have to to go through a broker dealer in order to purchase an ETF. The broker-dealer will purchase the shares in the underlying ETF and the broker-dealer is who keeps up with how many shares you own. The broker-dealer then handles the accounting to show you how many shares you own – which is different than an open-end fund where the transfer agent for the open end fund directly carries your shares at the fund.

They’re created the same way as any sort of registration with the Securities and Exchange Commission – you have to file the registration to become effective, and once it’s effective then you can purchase those shares through the broker-dealer.”

Then our panel gets into a discussion about alternative medicinal ETFs and who’s getting into marijuana stocks.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

http://moneytreepodcast.com/betterment

 

Today’s guest, Kip Meadows:

Kip Meadows is CEO and founder of Nottingham.

Before Nottingham, Kip co-founded Insured Benefit Design in Raleigh, NC in 1983 and joined Robinson Humphrey in 1985 because of their industry leading investment management consulting practice.

Another two years later he joined Raymond James as the youngest principal of an OSJ in the RJ system. then repurposed the Nottingham Company when he became interested in the need investment advisors expressed for an efficient way to pool separately managed accounts.

About Kip Meadows:
https://www.ncfunds.com/about/kip-meadows

Website:
http://nottinghamco.com or https://www.ncfunds.com

 

Today’s Panelists

Miranda Marquit | Planting Money Seeds on Facebook
Joe Saul-Sehy | Stacking Benjamins
Doug Goldstein | Goldstein on Gelt
Linda P. Jones | Be Wealthy and Smart

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

 

How to Make Money in the Stock Market with Insider Trading, Stock Buybacks, Consumer Confidence, and the Fed

Insider Trading may not be what you think it is. But it is clear that there are rules to follow when certain knowledge is obtained when it comes to buying or selling stocks.

When you see people get shares inside their own company and they immediately sell. This is not illegal, and could be used as an indicator in your decision to buy or sell.

We also talk about stock buybacks, following the Consumer Confidence index, and how you can read various indicators.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

http://moneytreepodcast.com/betterment

 

Today’s Panelists

Linda P. Jones | Forbes article
Doug Goldstein | Goldstein on Gelt
Miranda Marquit | Planting Money Seeds
Joe Saul-Sehy | Stacking Benjamins

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

Here Comes the Stock Market Crash – What to Do Next

What’s going on in the market? Can you predict the next market downturn from how well the economy is chugging along and the confidence of consumers?

For almost a decade, people have been predicting the next bear market. With the recent volatility in the DOW and S&P 500 index, you would think their prediction is coming true.

But is it?

Doug Goldstein, Linda P. Jones and Miranda Marquit discuss indicators we can examine to determine how the market is doing today and what that means for the future.

It should be noted that nobody can predict the future, and past performance is no indication of future returns. This podcast is for informational purposes only. Before making any decision or taking any action, you should consult a competent professional.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

http://moneytreepodcast.com/betterment

 

Today’s Panelists

Doug Goldstein | Goldstein on Gelt
Linda P. Jones | You’re Already a Wealth Heiress
Miranda Marquit | Investopedia

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

How Do ETFs and Other Funds Work with Kevin Quigg

Kevin Quigg describes the differences between ETFs, mutual funds, and the type of person who would benefit from hedge funds.

Exchange Traded Funds (ETF) is traded during the day, just as a single stock would be.

Mutual funds are typically bought directly through the mutual fund manager. The price is determined by the net asset value of the securities held within the fund at the end of the trading day.

Kevin Quigg describes hedge funds as different from ETFs and mutual funds as “sharp tools rather than dull instruments”. He goes on to explain that hedge funds are only available to qualified investors…those who have met certain requirements and proven themselves to be able to truly understand the amount of risk they are taking.

There are also numerous restrictions with hedge funds. Listen to Miranda’s interview with Kevin Quigg and then the discussion our roundtable has immediately following.

 

Our show sponsor

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

 

Today’s guest, Kevin Quigg:

Kevin Quigg is Chief Strategist for Exponential ETFs. In this role he is responsible for expanding the footprint and awareness of Exponential ETFs proprietary strategies to allow investors to access the previously unexploited investment factor of customer satisfaction. Prior to joining SPDR ETFs, he was a Business Development Officer responsible for exchange traded product sales for Barclays Global Investors.

Website: https://exponentialetfs.com

 

Today’s Panelists

Miranda Marquit | Planting Money Seeds
Linda P. Jones | Be Wealthy and Smart
John Ross | Big Picture Retirement

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

 

About our sponsor, BUZZ Index

Proudly sponsored by Buzz indexes (BUZ on the NASDAQ)

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works: First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

 

Winning the Lottery, Real Estate Investing, and Family Inheritance

What happens when you win BIG in the lottery? This is the topic Miranda has been pondering when the Mega Millions jackpot reached $1.5 billion.

Linda talks about how mortgage rates over 5 percent can impact the market and what it means to you while Doug shares a story of siblings inheriting property from their parents. What could go wrong?

 

Our show sponsors

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

 

Today’s Panelists

Doug Goldstein | The Inheritance Book
Linda P. Jones | Be Wealthy and Smart
Miranda Marquit | Planting Money Seeds

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

 

About our sponsor, BUZZ Index

Proudly sponsored by Buzz indexes (BUZ on the NASDAQ)

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works: First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

 

Rule 72t, How to Choose Investments, and Binary Options – We answer Listener Questions

Can you take advantage of any loopholes in ROTH IRA contributions to withdraw earnings tax and penalty free? That’s our first question from Jason who wants to pull from his investment in an early retirement scenario.

We also hear from Sweetcase on Facebook who asks, “How do you decide which investing product to use?”

Katrine asks if it makes sense to trade binary options. Can she make it work for her?

Got a question? Send it to us here

 

Our show sponsors

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

 

Today’s Panelists

Doug Goldstein | Goldstein on Gelt
Miranda Marquit | Planting Money Seeds
Linda P. Jones | Be Wealthy and Smart
Joe Saul-Sehy | Stacking Benjamins

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

 

About our sponsor, BUZZ Index

Proudly sponsored by Buzz indexes (BUZ on the NASDAQ)

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works: First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

 

Investing Apps, Paying Off Debt and Asset Allocation – Listener Questions

ADD, Apps, and Asset Allocation: They are all covered in today’s episode as we answer listener questions.

  • Alicia asks “What do you think of the app “Stash”?
  • Sally and her husband have committed to pay off all their debt in 5 years. They are 3 years into it but feel like she’s putting herself into a “lack” frame of mind. Is there a better way to do what she’s doing in order to better manage life now?
  • Katie says she has ADD and it’s hard to concentrate. How can she concentrate and follow-through with investing. Where should she start?
  • Jillian wants to know if financial planners begin with overall net worth and then work back to find the best asset allocations for their clients?
  • A fan sent us a question on Twitter. He/she said they are maxing out their 401(k), but it doesn’t feel like I’m doing enough? What can I do to get out of the rat race sooner?
  • Shanna asks if we have an episode about opening an investment account for a child? Miranda points out that we don’t, but here’s something she did about this very topic on Adulting.tv’s Facebook page (click here)

 

Our show sponsors

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

 

Today’s Panelists

Linda P. Jones | Be Wealthy and Smart
Miranda Marquit | MirandaMarquit.com
Doug Goldstein | Goldstein on Gelt
Joe Saul-Sehy | Stacking Benjamins

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

 

About our sponsor, BUZZ Index

Proudly sponsored by Buzz indexes (BUZ on the NASDAQ)

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works: First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

 

Better Money Moves with Chris Hogan

Chris Hogan speaks to people all over the nation about how to make better moves with their money. As one of Ramsey Solution’s speakers, he has the opportunity to address thousands of people who are looking for knowledge, solutions, and answers to their money problems.

It’s not about numbers, it’s about stories

One of the ways he gets his message across is by telling stories. Stories, as Joe Saul-Sehy says, is what’s missing in today’s financial media. Chris Hogan agrees that personal testimonies can open the door to learning about money and making changes for our own good.

“A lot of us come to deal with money based on our own preconceived notions, our own failures, and our own knowledge. Much of this was based on how you were raised – how was money talked about and how do you view it. It doesn’t matter where I came from or what I knew…it became a matter of what I’m learning and what am I doing as I move forward.”

Lightbulb moment

Chris says his lightbulb moment was after he went “looking” at an SUV and came home with a $600 vehicle payment. He ran the numbers on how much the money could have become if he’d invested it rather than driving it and it became his wake-up moment.

Becoming an Everyday Millionaire

Chris Hogan and Ramsey Solutions are working with a research firm to study the habits and behaviors of over 10,000 millionaires. What they are finding is that people of all walks of life can become millionaires, and the book offers stories from some of the people in the study.

 

Our show sponsors

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

 

Today’s guest, Chris Hogan:

Formerly a banker who helped people get into mortgages and loans, Chris Hogan turned the page when his wife won a silent auction that allowed Chris to sit in the studio during one of Dave Ramsey’s radio hours.

In 2004 he began working with Lampo Group, now known as Ramsey Solutions, to coach high net-worth individuals on their personal finances and to train others on how to be financial coaches. Today he speaks to thousands at venues all over the nation as one of Dave Ramsey’s Speakers.

Chris is also a #1 National Bestselling author of the book “Retired Inspired” and will release “Everyday Millionaires” in January 2019.

Website: ChrisHogan360.com
Book: Everyday Millionaires
Book: Retired Inspired
Twitter: @ChrisHogan360
Facebook: Chris Hogan 360

Today’s Hosts

Joe Saul-Sehy | Stacking Benjamins
Miranda Marquit | Planting Money Seeds

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

 

About our sponsor, BUZZ Index

Proudly sponsored by Buzz indexes (BUZ on the NASDAQ)

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works: First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.

 

How Banks Make Their Money with Anand Talwar from Ally Bank

Anand Talwar from Ally Bank explains how banks make their money.

The primary way is through loans. Consumer loans, such as Ally’s leading auto finance business, need to charge more in interest rates than they are paying out in savings account interest. This ensures the entity earns more than it spends on overhead and other expenses.

Anand points out that brick-and-mortar banks have different expenses than online banks, as they need to cover facilities costs and on-site employees. This makes it easier for online banks to offer more competitive rates for their customers.

Mobile banking has become much easier and convenient for the average customer. Smartphone apps allow you to deposit checks, transfer money, and even . If you are looking for cash, the apps can help locate an ATM within your network in close proximity to you.

Banking apps, such as Ally’s, can also allow you to trade stocks and ETFs, and customer service representatives are available 24 hours a day to help you open an IRA.

The convenient services allow banks to provide you more services and products with less friction, making it much easier to do business with a bank.

Ally estimates there are more than $3 trillion dollars of consumer’s deposits are sitting at banks making almost nothing. That translates to $50 billion dollars of interest consumers are missing out on, but can be improved just by switching your bank.

Ally will be facilitating “National Online Banking Day”, so visit Ally.com/payback to see what they are offering.

Our show sponsors

Proudly sponosred by Buzz indexes (BUZ on the NASDAQ)

 

And thanks to Ally Bank for sponsoring the live podcast recording at FinCon Expo 2018.

Today’s guest, Anand Talwar:

Anand Talwar was appointed Ally’s deposits & consumer strategy executive in June, 2017

Before joining Ally, Talwar held various positions within the finance organization at Bank of America supporting technology & operations, the corporate investment bank and digital banking, among others, during his tenure.

He joined Ally in 2009, as director of finance, responsible for financial management of the company’s domestic and international deposits portfolio and marketing & digital activities across the company. Talwar led the acquisition and integration of Tradeking, now rebranded as Ally Invest, the company’s online brokerage and wealth management business.

 

Today’s Hosts

Miranda Marquit | Planting Money Seeds
Joe Saul-Sehy | Stacking Benjamins

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

 

About our sponsor, BUZZ Index

Proudly sponsored by Buzz indexes (BUZ on the NASDAQ)

Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!

Here’s how it works: First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.

Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.

Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.