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Big Picture Retirement

If you are planning for, or living in, retirement…this is the show for you. The success of your retirement may depend on how well you planned for the "big picture" and connected the dots of your legal, tax, and financial plan. In this show, we’ll dig beneath the surface and discuss how you should apply this planning with your hosts- attorney John Ross and financial planner Devin Carroll.
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Now displaying: July, 2018
Jul 30, 2018

By the end of 2016, there was $660 BILLION dollars in Roth IRAs. So, lots of people are getting this right.

Where you can get some of it wrong

1.It lets you put the money in after tax, so you don’t get to deduct the money from your income in the tax year. But, you get to take the money out tax free.

2.If you put money into a Roth, you can pull out your contributions at any time without taxes or penalties

3. You can withdraw from the Roth at any time to purchase a home

4. There’s no required minimum distribution from a Roth IRA

For more information, visit the show notes at http://bigpictureretirement.net/083

Jul 23, 2018

Is there any value in doing your codicil in blood?

A codicil is an amendment to a will. They can be used when there is a smaller change and it seems easier than doing a whole new will.

Is there a time and place for a codicil? Yes, if no one is going to be mad and challenge the change that you've made.If you're changing beneficiaries, or executors, and they're going to be upset, you need to do a whole new will.

For more information, visit the show notes at http://bigpictureretirement.net/082

Jul 16, 2018

Many industries utilize a lot of different types of designations, and that's also true for financial advisors. What do they all mean, and should you care?

Devin asked John, "How many designations do you think there are for financial advisors?" John thinks there is really no way to know that for sure. At FINRA, one of the regulatory bodies for financial advisors, there is a page of 180 designations listed, as of today, and close to 100 of them begin with the word "Certified."

Why do these designations even exist?

Listen in for more, or read the show notes at http://bigpictureretirement.net/081

Jul 9, 2018

Listener Becky asks if it is legal to place a surveillance camera in the room of your loved one, specifically in grandma's nursing home.

Devin also answers the question "Does keeping a balance on my credit card help my credit score?"

For more information, visit the show notes at http://bigpictureretirement.net/080

Jul 2, 2018

What are the the moral or ethical considerations of using strategies and loopholes to utilize government programs? Is this ethical? It cheating? Is it getting close to fraudulent?

John and Devin go through some scenarios. For more information, visit the show notes at http://www.bigpictureretirement.net/079

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