Financial Planning Explained

Case Study – Maximizing Tax Efficiency/Retirement Planning

This week on Financial Planning: Explained, host Michael Menninger, CFP sits down with occasional co-host, Kyle Ryan, CFP. Mike and Kyle continue the series called Case Studies. These case studies are designed to touch on scenarios that could occur and provide unique strategies on how to handle such situations. This episode touches on multiple areas of financial planning, such as maximizing tax efficiency approaching retirement, strategizing Social Security benefits, tax planning when moving to a different state.

 

This episode also provides an example of the appropriate use of Roth IRA conversions and their timing, and integrating them with retirement income planning. The hosts also briefly touch upon recent changes to inherited IRAs rules and how they may impact multiple generations. Every financial situation is different, but you can check out this episode for some ideas that may benefit you when it comes to maximizing your tax efficiency and retirement planning.

Case Study – Debt Management +

On this week's episode of Financial Planning: Explained, host Michael Menninger, CFP discusses the popular topic that we hear often - debt management. There are multiple ways to get out of debt, but every situation is unique when it comes to a solution.

In this episode, Mike covers ideas like: unique way to effectively take money out of an IRA to pay off debt without paying a tax penalty, fixing credit, maintaining goal of paying off college, and continuing to save for retirement.

Case Study - Maximizing Tax Efficiency/Retirement

This week on Financial Planning: Explained, host Michael Menninger, CFP covers the topic of maximizing tax efficiency for retirement, as well as maximizing Social Security benefits.

There are many facets to consider when it comes to collecting Social Security, and also how the answer to one question results in opening several other doors to help maximize tax efficiency throughout retirement, and even addresses estate planning issues from a tax efficiency perspective. This episode is a must listen.

Case Study - Maximizing Social Security Benefits Part II

On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP continues the series on Case Studies. In this episode, Mike continues with Part II of Maximizing Social Security Benefits.

This case study incorporates numerous complexities and strategies for navigating and maximizing the Social Security system, including a strategy of collecting survivor benefits while allowing their own benefits to grow. In addition, this also coordinating inherited IRA distributions, maximizing tax efficiency and meeting retirement goals. Topic covered include issues met when trying to collect social security before retirement age, and the pitfalls of exceeding the earning limit if you choose to collect early while still working.

Case Study - Maximizing Social Security Benefits Part I

This week on Financial Planning: Explained, host Mike Menninger, CFP starts a new series called Case Studies. These case studies are designed to touch on scenarios that could occur and provide unique strategies on how to handle such situations.

The first case study discusses Maximizing Social Security Benefits. There are many different facets when it comes to Social Security, and everyone's situation is unique. Check out this episode for some ideas that may benefit you when it comes to maximizing your social security.

Changing Careers: From Corporate America To Owning A Business with Carol Verhake

On this weeks episode of Financial Planning: Explained, host Michael Menninger, CFP welcomes Carol Verhake. Carol is the owner and founder of Lasting Landscapes by Carol.

Carol and Mike discuss her transition from corporate America to following her dream by starting her own landscaping business. For anyone considering a career change, this episode is a must watch.

Alternative Investments: Diversifying Your Portfolio with Gaston Escudero

This week on Financial Planning: Explained, host Michael Menninger, CFP sits down with Gaston Escudero. Gaston is the Mid Atlantic Regional Sales Director at NexPoint.

Gaston and Mike explore the various options of alternative investing. Breaking the traditional Stock/Bond blend, alternative investments allow you to further diversify your investment portfolio.

Sudden Wealth Law with Paul Deloughery

This week on Financial Planning: Explained, host Michael Menninger, CFP® is joined by Paul Deloughery. Paul is a Managing Attorney at Sudden Wealth Protection Law, PLC.

 

Paul and Mike talk about sudden wealth and how important it is to protect it. Whether it be an inheritance, trusts, or estates, the legal piece is extremely important so that you keep what is rightfully yours.

Women‘s Retirement & What‘s Next with Autumn Nessler

On this week's episode of Financial Planning: Explained, host Michael Menninger, CFP sits down with Autumn Nessler. Autumn is a Certified Retirement Options Coach at An Intentional Life, LLC. 

 

Autumn and Mike discuss the soft side of retirement planning for women. Women in the work place face many challenges through their career including: marriage, pregnancies, raising children. Autumn and Mike look into steps to help women get back to investing in themselves upon retirement.

Year End Tax Planning Part II with Brian Pugliese, CPA

This week on Financial Planning: Explained, host Michael Menninger, CFP is joined again by Brian Pugliese, CPA. Brian is a Certified Public Accountant and member at GMS Surgent CPAs & Advisors.

Brian and Mike talk about ways to maximize tax benefits when contributing to a 529 plan.