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Most Recent Videos

Can You Convert Your RMD into A Roth IRA?

Can You Convert Your RMD into A Roth IRA?

Sarah Brenner, director of retirement education at Ed Slott and Co., explains whether you can convert your RMD into a Roth IRA.

How to Save Money on Groceries

How to Save Money on Groceries

Financial planner Amy Shepard shares some tips on how to save money on groceries.

Are you ready to retire early?

Are you ready to retire early?

You might have enough savings to leave work, but does your retirement plan account for how your monthly cash flow impacts health insurance costs? In this interview, Robert Powell, CFP®, sits down with Jae Oh, CFP®, author of "Maximize Your Medicare" and fellow at the LIMRA Retirement Income Institute, to discuss his paper, "Redefining Advice: Integrating Healthcare Into Retirement Planning." They break down why health care costs can no longer be an afterthought in retirement planning—and how pulling income from retirement accounts can trigger unexpected ACA subsidy cliffs and Medicare IRMAA surcharges. Key Discussion Points: 00:00 - Introduction: Why Healthcare Is No Longer an "Add-On" 01:15 - The Employer Transition: Why Pre-Retirees Misjudge Health Insurance Pricing 02:40 - Early Retirement & The ACA Premium Tax Credit Pitfall 04:15 - Paying Everyday Bills vs. Managing Marketplace Income Thresholds 05:35 - The Medicare IRMAA Surcharge: Understanding the 2-Year Lookback 07:10 - Why Financial Advisors Must Integrate Healthcare Into Cash Flow Plans 08:30 - Actionable Advice for Households Approaching Early Retirement KEY TAKEAWAYS: • Premiums Depend on Income: Unlike employer-sponsored health plans, individual coverage under the ACA and Medicare Part B/D connects your monthly premium directly to your household income. • The Pre-65 Dilemma: Generating cash flow from retirement accounts to cover everyday bills can unintentionally push your income past ACA subsidy thresholds, resulting in massive premium spikes. • The IRMAA 2-Year Lookback: The IRS looks at your tax return from two years prior to determine Medicare surcharges, meaning a financial decision at age 63 directly impacts your healthcare bills at age 65. Subscribe to FinStream to stay informed on retirement income planning, Medicare optimization, and Social Security strategies. #RetirementPlanning #EarlyRetirement #HealthcareCosts #Medicare #IRMAA #ACA #PersonalFinance #FinancialPlanning

Decoding Your Money (View all)

The Ultimate Year-End Tax & Wealth Planning Checklist with John Nerserian: DYM Ep13

The Ultimate Year-End Tax & Wealth Planning Checklist with John Nerserian: DYM Ep13

Year-end planning shouldn’t be a reactive scramble in the final days of December. By taking an intentional, checklist-driven approach across taxes, investments, retirement accounts, and estate planning, you can significantly reduce your lifetime tax bill and avoid costly missed opportunities. In this episode, host Bob Powell sits down with longtime friend and wealth planning expert John Nersesian, founder of Nersesian Wealth Education, to break down essential proactive strategies before the calendar flips. In this episode, we cover: Proactive Tax Bracket Management: Marginal rate awareness, bracket stuffing, and managing phase-outs under new tax laws (including SALT caps, Senior Deductions, and QBI). Smart Investment Moves: Tax-loss harvesting rules, navigating the 61-day wash sale window, stock option exercise timing, and the emotional discipline of portfolio rebalancing. Retirement Optimization: Maximizing 401(k) and IRA limits, traditional vs. Roth decisions, utilizing Health Savings Accounts (HSAs) as supplemental retirement vehicles, and executing strategic Roth conversions. Distribution & Program Rules: Mandatory RMD timing and penalty reductions, Social Security claiming coordination, and Medicare enrollment choices. Legacy & Philanthropy: Annual gift tax exclusions, 5-year front-loading for 529 plans, "bunching" charitable deductions to beat the standard deduction, and utilizing Qualified Charitable Distributions (QCDs).

How To Protect Your Kids From Scammers

How To Protect Your Kids From Scammers

In this clip from FinStream's Decoding Your Money Podcast, Nina and Professor Milligan discuss the significance of defining financial goals and the vital need for scam prevention, especially for children in today's digital world. Tune in for essential insights! #FinancialLiteracy #ScamPrevention

Are Your Kids Learning Money from You or TikTok?

Are Your Kids Learning Money from You or TikTok?

Learn how to teach kids about money: earning, spending, saving, investing, and avoiding scams through everyday conversations.

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