Welcome to Declare Your Financial Independence with Jeff Motske. If this is your first time tuning in this is a show designed to teach the average person to get their financial house in order from a financial planner’s perspective.
Jeff started the show out by discussing “Your Financial House”. This is where he asks listeners to visualize the different building blocks of a stable financial financial house starting from the foundation all the way to the roof.
He also discussed:
As of 2016, people can contribute up to $18,000 annually to these plans—or $24,000 annually for those over age 50—to defer taxes until this money is withdrawn in retirement.
The IRS ruled in late 2014 that a person's after-tax contributions can now be rolled directly into a Roth IRA and avoid tricky tax issues. In other words, you can effectively "super-fund" a Roth IRA once you leave your employer.
In the 3rd segment Jeff brought on Attorney Mark Lewis to talk about:
In the final segment Jeff and relationship counselor Kimber Holdaway talked about Financial Compatibility. This is such an important topic to Jeff because statistically, finances and infidelity are the top two reasons that marriages end in divorce. This is an opportunity to provide tips to avoid the arguments that result from poor communicating regarding money.