Section 457 Deferred Compensation Plan Key Takeaways - A section 457 deferred compensation plan may allow penalty-free withdrawals before age 59½ - Early IRA or 401(k) withdrawals (prior to age 59 1/2) usually trigger a 10% tax penalty - A large section 457 deferred...
5 Reasons Why Hiring Two Advisors Might Backfire Some investors believe hiring two advisors and “letting them compete” is a smart way to maximize returns from investment advisors. In practice, it often does the opposite. This video explains why hiring two advisors...
Homeowners Insurance Disaster https://www.youtube.com/watch?v=_zAeWJbjLxA Takeaways • Home values often rise faster than policy updates, creating hidden coverage gaps. • Guaranteed replacement cost (or 100% replacement cost) should be reviewed with your insurance...
Mortgage Math: Why You Pay So Much in Interest Up Front Mortgage Math: Why You Pay So Much Interest Up Front. https://www.youtube.com/watch?v=yTGXClmCUY8 Why does mortgage math feel so expensive? Why does it take so long to build equity? In this video, we break down...
$1 Trillion in Credit Card Debt. Is the US Consumer OK? Is the US Consumer OK? Five key points: 1. Large-bank consumer credit card balances are approaching $1 trillion, but delinquency rates remain within long-term historical ranges. 2. Minimum-payment behavior has...
Transfer 529 to Roth IRA? Is this even possible? This is so new, it took over a year for the IRS to translate what this means. While the ink is not even dry (always subject to IRS changes), this could be a useful tool - for some! Key points: Up to $35,000 can be...
Invert - Always Invert! https://www.youtube.com/watch?v=NArRrabL5zU Key points: Invert your thinking: Look backward to identify risks and potential problems in your financial plan. Case study exposes gaps: High earners may lack essentials like life insurance,...
2 Rules About Emergency Funds Are you trying to "maximize" your emergency funds? Why? In this video, we explain why a high-yield savings account is still one of the best places to keep your emergency savings — even as interest rates fluctuate in 2025. Short-term...
The Representative Payee and Social Security Why Social Security Won’t Accept Your Power of Attorney Key take-aways: Use the SSA-4547 form to designate a Representative Payee for Social Security benefits. The Social Security Administration does not recognize...
The Illiquid Millionaire: Retirement Reality in New Jersey How Can You Be Rich - But Still Broke In 2025? https://www.youtube.com/watch?v=87s8JH8ddt8 Takeaways: 1. Significant appreciation in New Jersey property values has created the illiquid millionaire. It's not...
