![Financial Planning Explained](https://pbcdn1.podbean.com/imglogo/image-logo/10066144/Untitled_design_1_6hexy.jpg)
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Learn about investment strategies, how much you can spend in retirement, ways to reduce taxes, Social Security benefits, Roth IRA conversions and contributions, portfolio diversification, creating retirement income, and more. At Menninger & Associates, our philosophy is based on the fundamentals of financial planning. Further, we strongly believe that education and knowledge are powerful. In the end, all decisions are ultimately made by our clients, so each client knows why they are making those decisions thanks to our extremely informative meetings. Tune into this educational channel to learn strategies used every day! Michael Menninger, CFP - Investment Advisor Representative. Securities and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC, a broker-dealer and registered investment adviser. Cetera is under separate ownership from any other named entity. Tax planning services offered by Menninger & Associates. For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice. Distributions from traditional IRAs and employer sponsored retirement plans are taxed as ordinary income and, if taken prior to reaching age 59½, may be subject to an additional 10% IRS tax penalty. Converting from a traditional IRA to a Roth IRA is a taxable event. A Roth IRA offers tax free withdrawals on taxable contributions. To qualify for the tax-free and penalty-free withdrawal of earnings, a Roth IRA must be in place for at least five tax years, and the distribution must take place after age 59½ or due to death, disability, or a first-time home purchase (up to a $10,000 lifetime maximum). Depending on state law, Roth IRA distributions may be subject to state taxes. Investing in mutual funds is subject to risk and loss of principal. There is no assurance or certainty that any investment strategy will be successful in meeting its objectives. Before investing, the investor should consider whether the investor’s or beneficiary’s home state offers any state tax or other benefits available only from that state’s 529 plan. Menninger & Associates, 820 Adams Avenue, Suite 100, Trooper, PA 19403
Episodes
![Tax Planning Case Study Part I with Kyle Ryan, CFP, ChFC](https://pbcdn1.podbean.com/imglogo/image-logo/10066144/Untitled_design_1_6hexy_300x300.jpg)
Tuesday Jun 11, 2024
Tax Planning Case Study Part I with Kyle Ryan, CFP, ChFC
Tuesday Jun 11, 2024
Tuesday Jun 11, 2024
This week on “Financial Planning: Explained”, host Michael Menninger, CFP sits down with Kyle Ryan, CFP, ChFC. Kyle is a financial planner at Menninger & Associates Financial Planning. This episode is part one of a two-part episode discussing a case study revolving around tax planning.
In this episode, Mike and Kyle lay out the groundwork for this case study, discussing the clients goals, and facts about their specific financial picture. They then get into their assets, current investments, and debts. After break, they uncover some key factors to be used as one of the two is self-employed. This is a great episode discussing taxes for anyone who is a business owner or is self-employed.
For more information on Menninger & Associates Financial Planning, visit https://maaplanning.com
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