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You Can Make Smarter Decisions Starting Now – A Conversation with Poker Champ and Business Consultant Annie Duke
You Can Make Smarter Decisions Starting Now
This week, I go back to the Your Life Your Wealth archives for a discussion on how you can deal with uncertainty and avoid making emotional decisions. I talk with former poker champ turned business consultant Annie Duke, author of “Thinking in Bets: Making Smarter Decisions When You Don’t Have All The Facts.” Learn best practices for poker players and investors.
Program Length:31 minutes
Money Saving Tax Strategies You Need to Know Right Now
The IRS tax code, as it stands today, won’t survive. Some recent changes will either expire in 2026 or, if the political winds in Washington shift, perhaps sooner. Taxes are one of the biggest expenses you’ll face in retirement. Proper tax planning is imperative. In this episode, I detail four important strategies for Roth conversions you can use today that will help you save on taxes in the years ahead.
Program Length: 33 minutes
How are you judging your investment success? Are you an outcome driven or performance driven investor? There are many priorities you should consider before simply judging the success of your investment strategy purely on performance numbers. As an investor, your priorities are unique. Measuring your investment returns against arbitrary benchmarks isn’t necessarily the best way to evaluate your specific situation. I discuss ways outcome driven investors more likely to attain success, as compared to those who focus entirely on the numbers.
Program Length: 24 minutes
Will You be Impacted by State & Local Tax Deduction Work-Arounds Nixed by the IRS? – Episode 191 – Your Life Your Wealth
Will You be Impacted by State & Local Tax Deduction Work-Arounds Nixed by the IRS?
State and local tax deductibility was capped in the 2018 federal tax law changes causing high tax states to look for ways to get around parts of the new law. The IRS has now ruled against the state’s efforts to circumvent the cap causing some in congress to start pushing for a repeal of the SALT (state and local tax) cap. Cordasco Financial Network CPA Jim Tate joins me to discuss the dollars and cents of this and the unlikely position some politicians find themselves in by supporting the elimination of the SALT cap.
Program Length: 22 minutes
Can Mutual Funds with More Restrictions Actually Have Benefits? – Episode 190 – Your Life Your Weath
Can Mutual Funds with More Restrictions Actually Have Benefits?
In the last ten years, exchange traded funds have become very popular, in part because investors can buy and sell any time the markets are open. In today’s discussion, I fill you in on something new called interval funds, which restrict total withdrawals to a range of 5% to 25% of fund assets in a specified period, such as once a quarter. Some fund companies believe interval funds can deliver higher returns because of illiquidity. These funds also use higher risk investments that are usually only available to wealthy or institutional investors.
Program Length: 24 minutes