Money In Motion with Klaas Financial: Recent Episodes
1310 WIBA (WIBA-AM)
How tax strategy plays a critical role in everyday financial decisions,not just during tax season. CJ emphasizes that taxes impact everything from income and investments to what you ultimately pass on, making year-round planning essential for long-term efficiency. Eric explains that instead of focusing only on reducing taxes annually, the goal should be managing taxes across your lifetime.
The discussion breaks tax planning into three key areas: income planning, investment structure, and legacy planning. In retirement, coordinating multiple income sources like Social Security, retirement withdrawals, and investments, can help manage tax brackets and avoid costly spikes. Strategic moves such as Roth conversions can smooth out taxes over time. On the investment side, the focus shifts to after-tax returns, highlighting the importance of asset location and managing gains and losses.
Finally, in legacy planning, thoughtful asset distribution can reduce tax burdens for heirs and maximize the impact of charitable giving.
The key takeaway: taxes are an ongoing part of your financial life, and coordinating decisions across all areas can help you keep more of what you’ve built while strengthening your overall plan.
Learn More:
klaasfinancial.com
Dr. Greer talks about heat, brachycephalic pooches, and pet insurance. They're more related than you think.
Maleeah and CJ talk about options for those rare few who still have pensions and how those options might change in the future, even if you have a pension now.
Forrest Ross joins CJ and Shawn to talk about how to maximize those retirement contributions.
Maleeah and CJ join Shawn with strategic insights for smart gifting in your estate planning.
Maleeah, CJ, and Shawn talks about everything you need to know when considering making charitable donations out of your RMDs.
CJ and Maleeah talk about filing taxes and why you should get an accountant to help you out.
Maleeah, CJ, and Shawn talk about what you need to (as much as possible) protect your retirement into 2024 and beyond.
CJ, Maleeah, and Shawn tak about when you should wait to take Social Security and when it might not be the best idea.
Maleeah, CJ, and Shawn talk about what you need to know to for retirement planning in 2024.
Maleeah, CJ, and Shawn talk about the costs of long term care as you get older and the importance of finding the best way to cover it.
CJ, Maleeah, and Shawn talk about how to make sure you're on target to retire with the money you need and the timeline you want.
Maleeah, CJ, and Shawn talk about the trials and stresses of caring for aging parents - and what adult children and aging parents need to know.
CJ, Maleeah, and Shawn talk about what you need to know if you'd really like to retire early.
Stepping in for Maleeah this week is Kyle Kite, who - along with CJ, talk wills, powers of attorney, and all things estate planning.
CJ and Maleeah talk about what small business owners should do to be prepared for THEIR retirement. (Hint: the plan shouldn't be selling the business.)
Eric, Maleeah, and Shawn talk about spouses, ex-spouses, widowed spouses, and social security.
Maleeah and CJ talk about important things to consider when you're thinking about WHERE you want to live in retirement.
'Fees' should probably be included with things like 'death' and 'taxes' as being inevitable. Maleeah and CJ talk about what kind of fees you can expect when dealing with your retirement accounts.
CJ, Maleeah, and Shawn talk about important steps to keep in mind when getting ready for retirement.
They say timing is everything and that is especially true when it comes to Social Security benefits. Eric, Maleeah, and Shawn talk about that and take your questions on today's show.
Maleeah and CJ talk about risk tolerance and bias and why 'know thyself' is REALLY important when managing your own investments.
Is July 2023 the new April 2024? CJ, Maleeah, and Shawn talk about the importance of getting to your taxes early. Really early.
Forrest Ross joins CJ and Shawn to talk about supply your employees with a retirement plan.
This week CJ and Maleeah help everyone make sense of one of the most complicated subjects - Medicare.
Maleeah, CJ, and Shawn talk about the importance of estate planning, even if you don't have much in the way of assets.
Maleeah, CJ, and Shawn talk about how your Social Security benefits might be affected if you are still working.
Maleeah is still on vacation, so Eric joins CJ to talk about what you need to know when you recieve an iheritance.
What is a safe withdrawal rate for retirement income? Joining CJ today is Nate Breiby to talk about why the answer is "depends" and the trouble with rules of thumb.
If you're one of the lucky few to still have a pension, there's some things you need to know. CJ and Maleeah have the rundown.
CJ, Maleeah, and Shawn talk about what you need in your 50s when planning for retirement.
In the wake of bank failures and another interest rate bump, CJ and Maleeah explain what you need to know about the FDIC, NCUA, and other guarantees on your money in the bank.
CJ, Maleeah, and Shawn talk about what you can do when you have a employer-sponsored retirement account with a former employer.
CJ, Maleeah, and Shawn talk about the pros and cons of delaying taking that Social Security payment.
Maleeah has the day off and joining us instead is Forrest Ross, who - along with CJ and Shawn - talks about adding to your employer sponsored retirement plan and setting up one of those plans for employees.
CJ, Maleeah, and Shawn talk about giving monetary gifts - especially to family memebers - and when those gifts catch the attention of the IRS.
CJ and Maleeah talk about the importance of not having debt in retirement and how to get rid of it if you do.
CJ, Maleeah, and Shawn talk about when you should be looking at changing your allocation strategy.
CJ, Maleeah, and Shawn talk about the important of funeral planning - what you'd like done with your mortal remains, your assessts, and more.
It's tax season again! CJ, Maleeah, and Shawn talk about what you need to know for your taxes this year. Remember: taxes run a year behind - 2022 taxes get done in 2023 and 2023 taxes won't get filed until 2024.
Maleeah, CJ, and Shawn talk about planning for retirement income with Social Security and answer your questions about qualifying.
Maleeah, CJ, and Shawn talk about all the difference between traditional and Roth IRAs and 401Ks.
CJ, Maleeah, and Shawn talk about the Secure Act 2.0, which passed Congress at the end of December.
CJ and Eric join us to talk about hitting your target for your retirement plan and how paying off your debt can help you get there.
Even though we're just trying to get through the last weeks of 2022, Maleeah and CJ talk about why might want to focus on 2023.
CJ, Maleeah, and Shawn talk about Social Security benefits, including when the best time to take them is. (Spoiler alert: it depends.)
CJ, Maleeah, and Shawn talk about what your rate of withdrawal might be in retirement and why it's pretty vague.
Maleeah and CJ talk about wills, trusts, estates, beneficiaries, power-of-attorneys, and more. Plus, they answer listener questions about income annuities and Roth IRAs.
When thinking about retirement, you might be getting something from your spouse or ex-spouse. CJ, Maleeah, and Shawn talk about what you need to know.
Maleeah, CJ, and Shawn put inflation and market volitility into perspective for those going into, or who are in, retirement.
Maleeah, CJ, and Shawn put inflation and market volitility into perspective for those going into, or who are in, retirement.
Maleeah, CJ, and Shawn talk about what long term care can cost you and what affect that can have on your retirement funds.
Maleeah, CJ, and Shawn talk about how your earnings in retirement may affect your Social Security and how much tax you can expect to pay on Social Security.
CJ, Maleeah, and Shawn talks about what you can do for your retirement that doesn't cost anything.
Maleeah, CJ, and Shawn discuss required minimum distributions and how they connect to charitable donations.
Maleeah, Eric, and Shawn talk about preparing your taxes and why you might want to start now.
Maleeha, CJ, and Shawn talk about what to consider if you're considering an early (pre-65) retirement.
Maleeah, CJ, and Shawn talk about waiting until 70 to take Social Security. They also take your questions on Social Security and Medicare.
Maleeah, CJ, and Shawn talk about MRDs (minimum required distributions) and why 72 is such an important age.
Our friend Maleeah is out of town this week, so Eric and CJ get together with Shawn to talk about those pesky fees connected to retirement planning and the importance of what you're getting for those fees. Also, they explain what roboadvisors are.
Maleeah, CJ, and Shawn talk about debt and how it affects your financial planning. Plus, they answer a question on credit cards and explain why they're problematic.
Maleeah, CJ, and Shawn talk about what NOT to do in regards to your retirement. Plus, they take your questions on retirement taxes and the stock market.
Maleeah, CJ, and Shawn talk about covering expenses when it comes to aging parents and what effect it might have on you retirement. Also, what you need to do to keep your finances in order for your kids to take care of you. Plus, CJ answers a listener question about the "rule of 55."
Maleeah and CJ talk about what to do when you inherit money, property, accounts, and the like.
Maleeah and CJ join Shawn to talk about Roths, Roth IRAs, Roth conversions, and back door contributions. They also answer your questions about index funds.
"Despite the high cost of living, it continues to be very popular."
Maleeha, CJ, and Shawn talk about current employment numbers, inflation, the market, and your retirement.
Maleeah and CJ talk about everything that goes into deciding what the best rate to withdrawal retirement funds is - real cash flow, what a safe withdrawal rate is, other incomes in retirement, debt, what you want to leave your heirs, and...of course...taxes.
Maleeah, CJ, and Shawn talk about simplifying your investing by consolidating and diversifying. Plus, we take your questions on I bonds and thrift savings plans.
Maleeah, CJ, and Shawn talk about the risks and realities of debt in retirement and what you can do about it.
People are living longer. Mreeah, Eric, and Shawn talk about how to keep your money for your whole retirement, no matter how long it lasts.
Money In Motion with Klaas Financial
Important websites:
www.finra.org
www.sec.gov
www.investor.gov
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