asset allocation

During this episode of The Wealth Enterprise Briefing, WE Family Office’s Managing Partner Michael Zeuner and Partner and Wealth Planning Executive Joseph Kellogg, LL.M. (Tax), CFP®, TEP, address the pressing topic of wealth taxes. Together, they offer a thorough overview of the dynamics related to wealth taxation, covering both federal and state levels while examining proposed measures and potential implications for ultra-high-net-worth families and individuals.

During the conversation they discuss:

1. Overview of Wealth Tax Concepts: The various forms of wealth taxes, including those based on the net value of assets, income thresholds and taxes on unrealized gains.
2. Adoption of Wealth Taxes: States that have taken steps towards implementing wealth taxes, such as Massachusetts and Washington, have introduced surtaxes on high-income earners and capital gains, respectively.
3. Federal Proposals and Legislative Landscape: Insights into federal proposals, emphasizing the challenges these proposals face in gaining traction within the legislative arena.
4. State-Level Considerations: They discuss states contemplating wealth tax proposals beyond traditional income taxes, exploring taxation on assets and unrealized gains and highlighting the complexities and potential consequences of each.
5. Challenges and Considerations: The multifaceted challenges inherent in implementing wealth taxes and highlighting the importance of monitoring legislative developments.

We continue to keep a close eye on the discussions and developments surrounding wealth taxes. While we do not recommend that families make any changes to their planning or structuring at this time, we believe it is important for families to understand the concept of wealth taxation and its potential implications.

If you have any questions about wealth taxation, please do not hesitate to contact us.

Disclosure: This podcast contains opinions and does not constitute the provision of investment, legal or tax advice to any person.

In this episode, Joe Murphy discusses the taxation of various sources of income in retirement. He debunks the misconception that there are no taxes in retirement and highlights the importance of tax planning. Joe explains how Social Security benefits, pensions, interest-bearing accounts, dividends, and retirement accounts are taxed. He also emphasizes the tax benefits of life insurance proceeds and provides insights into the taxation of annuities and home sales. Additionally, Joe encourages listeners to create a bucket list and shares the significance of incorporating personal growth goals into retirement planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Celebrities often face financial challenges that require the assistance of a financial advisor to help manage their wealth and long-term financial stability. In this episode, Joe Murphy and Steve Sedahl discuss cautionary tales from Hollywood, including the financial mistakes of celebrities like Steve McNair and Billy Joel. They also explore the You Earned It, You Keep It Act, which proposes revisions to social security. Additionally, they discuss a Medicare fraud scheme and the importance of tax planning, estate planning, and asset allocation in retirement. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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Joe Murphy and Steve Sedahl engage in casual conversation and emphasize the value of open communication. They discuss the recent Labor Department jobs report and question the accuracy of government data. The conversation shifts to the uncertainty in the global economy and the need for careful decision-making. They address the challenge of getting spouses involved in financial planning and caution against strong-arm tactics. The hosts conclude by offering an introductory call for listeners to discuss their concerns and retirement planning in the current economic environment. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more. 

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In this episode of WealthWorx Radio, Eric Kearney and Joseph Lanza discuss the importance of having a retirement checklist and a written financial plan. They emphasize the need for couples to be on the same page financially and the benefits of legacy planning. The hosts also answer listener questions and provide guidance on supplementing a pension and involving children in financial planning. In this conversation, the hosts discuss long-term care insurance and annuities.

Call Eric Kearney 800-779-1942 Visit EricKearneyAdvisor.com to learn more.

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The conversation covers various aspects of retirement planning, including income planning, risk tolerance, tax liabilities, healthcare planning, legacy planning, and estate management. Richelle Melde emphasizes the importance of working with a financial advisor to ensure all bases are covered and to avoid common retirement pitfalls. The conversation also discusses strategies such as creating buckets for different financial goals, separating needs from wants, maximizing Social Security benefits, thinking outside the box for income generation, and being tax-efficient with withdrawals. That and more on today with Richelle Melde. Call (877) 807-1977 or visit RAM Wealth Strategies to learn more.

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In this episode of Wealth Health Radio, Joe and Steve discuss the parallels between football and retirement planning. They cover offensive strategies such as understanding goals, budgeting, learning about different investment vehicles, diversifying among asset classes, and building wealth. They also discuss defensive strategies including preventing gaps in your plan, having an emergency fund, and creating an estate plan. Additionally, they touch on special teams strategies such as managing charitable giving and planning for Social Security. The episode concludes with a discussion on building a game plan for retirement success. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more. 

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This conversation explores how retirement income is taxed and the impact it has on individuals. It covers topics such as tax-deferred retirement accounts, Roth IRAs, taxation of Social Security benefits, pensions, and annuities. The importance of diversification and finding the right financial advisor is emphasized. The conversation also discusses the realities of living longer, market volatility, interest rates, and retirement fees and penalties. Strategies for Social Security claiming are explored, highlighting the need for comprehensive financial planning and understanding the implications of early enrollment and required minimum distributions. Overall, the conversation provides valuable insights and advice for individuals planning for retirement. Call (877) 807-1977 or visit RAM Wealth Strategies to learn more.

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The conversation on WealthWerx Radio covers various topics related to retirement planning, including unexpected changes, money and health, football, and the evolution of retirement planning over the past 50 years. Eric Kearney and Joseph Lanza emphasize the importance of having a team of professionals to manage one's finances and the need for an emotional adjustment in retirement. They also discuss the impact of elections on the national debt and the importance of staying informed about financial matters. The conversation highlights the need for a comprehensive financial plan and the importance of education and transparency in the financial industry. That and much more on Wealthworx Radio. Call Eric Kearney 800-779-1942 Visit EricKearneyAdvisor.com to learn more.

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On today's show, Richelle Melde and Steve Sedahl discuss retirement one year later and the importance of checking in on retirement plans. They emphasize the need for emotional preparation and the impact it can have on retirement. They also discuss the importance of correcting financial mistakes and miscalculations, as well as maximizing Social Security benefits. Richelle provides insights on rolling over a 401k into an IRA and the importance of budgeting and setting financial goals for retirement. They also highlight the significance of working as a team with a spouse or partner when planning for retirement. That and more on today with Richelle Melde. Call (877) 807-1977 or visit RAM Wealth Strategies to learn more.

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On today's show, Joe Murphy discusses important considerations for building a modern, holistic, and personalized retirement plan. The conversation covers topics such as determining enough for retirement, inventorying accounts and taxation, moving 401k to personalized IRA, understanding Social Security, utilizing health savings accounts (HSAs), choosing health insurance, using annuities for retirement income, reviewing budget and spending plan, considering Roth conversions, spending money from various accounts, maintaining asset allocation, paying off mortgage and estate planning, upgrading car or home maintenance, changing 529 beneficiaries, managing RMDs and taxable income, and analyzing Bitcoin and Jamie Dimon's comments. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more. 

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On this episode of Wealth Health Radio, Joe Murphy discusses various topics related to retirement planning and unexpected life events. The conversation covers boomerang kids and the sandwich generation, downsizing and managing expenses, taxes in retirement, Hertz selling its EV fleet, saving for retirement and overlooking important factors, wealth transfer and estate planning, retirement benefits and portfolio composition, income planning, and sequence of returns. Joe Murphy and Steve Sedahl also answer questions from listeners about protecting principal in retirement, investment options for Roth IRAs, and Roth IRA conversions. That and much more on Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more. 

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In this conversation, Richelle and Steve discuss financial resolutions for the new year, with a focus on saving more money, paying down debt, and spending less. They also explore the unique challenges women face in retirement planning, including the need for long-term care and the importance of financial independence. The conversation emphasizes the importance of setting goals, maintaining good health, and creating an estate plan. Ultimately, the goal is to find purpose and happiness in retirement by aligning financial decisions with personal values and aspirations. That and more on today with Richelle Melde. Call (877) 807-1977 or visit RAM Wealth Strategies to learn more.

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The conversation covers various topics related to retirement planning, including the retirement bucket list, things to avoid in retirement, marriage and retirement, income and debt challenges, market volatility, quick retirement fixes, spending without a plan, maximizing income, retirement education classes, and paying off a mortgage with a 401k. The conversation covers various financial topics related to mortgages, retirement planning, and transitioning to part-time work in retirement. The hosts discuss the considerations of paying off a mortgage, including the impact of property taxes and insurance. That and much more on Wealthworx Radio. Call Eric Kearney 800-779-1942 Visit EricKearneyAdvisor.com to learn more. 

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A new year with new resolutions. The question is, how long will they last. Joe Murphy has some ways you can execute and succeed at improving your finances and reaching your financial planning goals in 2024. Do you know your Social Security risk score? Joe can help you find out.  That and much more on Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more. 

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A new year with new resolutions. The question is, how long will they last. Joseph Lanza has some ways you can execute and succeed at improving your finances and reaching your financial planning goals in 2024. That and much more on Wealthworx Radio. Call Eric Kearney 800-779-1942 Visit EricKearneyAdvisor.com to learn more. 

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Finance experts say there are a handful of retirement distribution strategies that can be used to stretch money further for a long retirement, and these can be combined and changed over time. Richelle Melde outlines some of those strategies and offers tips to help you stay on track for retirement. That and more on today with Richelle Melde. Call (877) 807-1977 or visit RAM Wealth Strategies to learn more.

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To kick off 2024 Joe Murphy breaks down some strategies on helping you get to retirement. Topics include: longevity risk, healthcare costs, overestimating investment income and being too conservative with your investments. That and much more on Wealth Health Radio with Joe Murphy. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more. 

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When it comes to retirement planning, one of the most important components is generating income to last you through retirement. On today’s show, how you can do this despite challenging economic conditions. That and more on today with Richelle Melde. Call (877) 807-1977 or visit RAM Wealth Strategies to learn more.

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You know about what it costs to run your household on a monthly basis and you know you should be padding that emergency fund. But are you? It’s the little things that can cause the biggest problems in retirement. Eric Kearney and Joseph Lanza outline how to avoid costly mistakes and get your financial health in order for 2024. That and much more on Wealthworx Radio. Call Eric Kearney 800-779-1942 Visit EricKearneyAdvisor.com to learn more. 

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