Wise Money Show

Do your retirement plan contributions avoid FICA tax? Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://www.ssa.gov/thirdparty/materials/pdfs/educators/What-is-FICA-Infographic-EN-05-10297.pdf Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

While you can deduct your medical expenses on your taxes, most people can't actually do it. Here is why. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://www.irs.gov/pub/irs-pdf/f1040sa.pdf Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

The IRS released the contribution limits for retirement accounts, including 401k, 403b, IRAs, and HSAs, for 2024. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000 https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/2024-irs-contribution-limits-for-hsas-and-high-deductible-health-plans.aspx Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

After you retire, can you still put money into a Roth IRA? Here are 3 ways you can! Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Gambling winnings are taxable, but what about gambling losses? Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://www.irs.gov/taxtopics/tc419 Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

The Roth Conversion is a great strategy for shifting dollars from a retirement account with a future tax liability to one where the dollars will grow tax-free for the rest of your life. Should you consider doing a Roth Conversion, and is it possible to do too much? We're helping you answer those questions and more on this episode of Wise Money. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results. Intro: (0:00) Segment 1: (0:11) Break 1: (10:27) Segment 2: (11:54) Break 2: (22:06) Segment 3: (23:13) Break 3: (33:29) Segment 4 (35:48) Outro: (46:07)

Adopting a child can be a long and expensive process, but the Adoption Tax Credit can help offset the costs. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://www.irs.gov/taxtopics/tc607 https://www.adopthelp.com/the-2023-federal-adoption-tax-credit/ Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

The SECURE Act 2.0 which was passed late in 2023 introduced nearly 100 tax law changes that would take effect in the near future, with some of the most impactful starting in 2024. We're sharing the tax law changes you need to be aware of during this episode of Wise Money. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results. Intro: (0:00) Segment 1: (0:11) Break 1: (10:25) Segment 2: (14:05) Break 2: (24:21) Segment 3: (27:24) Break 3: (37:41) Segment 4 (39:19) Outro: (49:38)

Are you considering giving or gifting cash before the end of the year? Here are 3 ways to give you should consider to help save you taxes. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

How much house can you afford when you make an income of $60k per year? Here is an equation you should be aware of. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://finance.yahoo.com/news/much-house-afford-60-000-185410012.html?guccounter=1 Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Student loan payments have resumed; will the economy take a hit? Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://www.cnbc.com/2023/10/01/how-the-restart-of-student-loan-payments-could-shake-the-economy.html?utm_source=Talking+Points+Newsletter&utm_campaign=0dc1b3caf3-Talking_Points_September_22_2017_SafeHav9_22_2017_&utm_medium=email&utm_term=0_81a82d963f-0dc1b3caf3-147045604&mc_cid=0dc1b3caf3 Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Are you using a target date fund in your IRA or 401(k)? Here are 3 issues you need to be aware of when using target date funds. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

If you have an HSA, you're familiar with the traditional funding strategies, but there are other, more creative, strategies. We're discussing advanced funding strategies for your HSA, like transferring money from your IRA or inherited accounts, during this episode of Wise Money. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results. Intro: (0:00) Segment 1: (0:11) Break 1: (10:25) Segment 2: (12:15) Break 2: (22:34) Segment 3: (23:53) Break 3: (34:10) Segment 4 (36:32) Outro: (46:46)

Is doing a backdoor Roth IRA the right strategy for you to use? Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

There are 3 key points to understand when you've decided to draw Social Security, like when you will receive your first Social Security check! Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://www.ssa.gov/pubs/EN-05-10077.pdf https://www.ssa.gov/benefits/retirement/planner/delayret.html Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Medicare Open Enrollment starts October 15, and this year, with some changes from the Inflation Reduction Act. Joined by Health Insurance Advisor, Ben Bulgrien, we are covering those changes and what you need to do to be prepared for this Open Enrollment season on this episode of Wise Money. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results. Intro: (0:00) Segment 1: (0:11) Break 1: (10:28) Segment 2: (12:16) Break 2: (22:35) Segment 3: (24:06) Break 3: (34:22) Segment 4 (38:06) Outro: (48:21)

Excess savings that were accumulated during the pandemic are now just regular savings. What does this mean for the economy and you? Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://www.frbsf.org/our-district/about/sf-fed-blog/excess-no-more-dwindling-pandemic-savings/ Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Here are 3 ways you can improve your retirement without having to save more! Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

The SECURE Act 2.0 brought the ability to now have employer match contributions be made Roth. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Here are 3 strategies you should employ to make the most of your Roth conversion. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

When planning for retirement, you could be using assumptions that might make you think you are on track for retirement when you really are not. Here are 5 dangerous assumptions that can hurt your retirement planning! Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://www.morningstar.com/personal-finance/4-dangerous-assumptions-that-could-hurt-your-retirement-plan Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Being required to pay the IRMAA surcharge can be costly and frustrating, especially if you weren’t aware of it. Here are the ways you could inadvertently trigger IRMAA. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://www.medicare.gov/basics/costs/medicare-costs Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

How long does it take for you to double your money? The rule of 72 makes it easy! Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://advisor.visualcapitalist.com/how-long-does-it-take-to-double-your-money/ Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

There’s a tax strategy involving a QCD and a Roth Conversion that I’ve been implementing a lot. It can make a lot of sense early in retirement. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Almost everyone should have and be contributing to either a Roth IRA or Roth 401k. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show. LINKS: https://www.barrons.com/articles/roth-401k-ira-retirement-savings-b62194f3?siteid=yhoof2?mod=article_signInButton Be sure to stay up to date by following us! Facebook - https://www.facebook.com/WiseMoneyShow ​ Instagram - https://www.instagram.com/thewisemoneyshow/ Twitter - https://twitter.com/WiseMoneyShow ​ Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​ Listen on Podcast: https://link.chtbl.com/WiseMoney ​ Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.