2025 The Final Drive S1:E35 Net Unrealized Appreciation (NUA) and You
Release Date: 11/21/2022
The Election’s Over – What Comes Next?
2025 The Final Drive Podcast
On November 7, 2024, American's voted to elect Republican Donald Trump back to the White House for a second, nonconsecutive term - the first President to do so since Grover Cleveland in 1893. In this latest episode, David is joined by Rod Holloway, Equity Portfolio Manager for CFCI, to discuss the the election and how the markets reacted to Trump's election. David and Rod also address government spending, debt and strategies to address inefficiencies, Federal Reserve rate cuts and their implications on the economy and consider different scenarios of what may happen in Trump's second...
info_outline
The Rothification of Retirement Accounts
2025 The Final Drive Podcast
In 2001, Congress approved the 402A rule to the US tax code, allowing employees to designate a portion or all of their elective deferrals as Roth contributions within employer-sponsored retirement plans like 401(k) and 403(b) plans. This designation means that employees pay income taxes on contributions upfront rather than when they withdraw the funds... or, in essence, paying tax on the seed instead of the harvest. In this episode David dives into the "Rothification" of retirement accounts... why it's important to understand the math behind this process from both the individual...
info_outline
Control – Now or Later?
2025 The Final Drive Podcast
With the Presidential election just days away, it’s important to look at where the candidates stand on Social Security, the national debt and more. In this episode, David Hays and guest Doug Hughes talk about financial control by Americans and by the US government. With the 2025 tax cuts up in the air, a lot is on the line for millions of people – David and Doug talk about the financial needs of Baby Boomers and their children and the value of diversification. There is a lot to consider when listening to this episode – enjoy!
info_outline
Bond Vigilantes and US Debt
2025 The Final Drive Podcast
We’re back with a new season of 2025: The Final Drive! In this episode, David discusses the idea of “Bond Vigilantes” – when are countries going to stop buying American debt? The US is nearing the point where it will spend more money on debt than defense spending. Listen to David talk about how the US got out of debt after World War II and what the next President will need to do about the national deficit. What does that mean for Americans? You’ll have to listen to the full episode to find out.
info_outline
2025 the Final Drive S1: E53 - What’s in Store for 2024?
2025 The Final Drive Podcast
A silver tsunami is coming this year, as more than four million Baby Boomers turn 65 in 2024. In the episode, David shares about some of the top IRA rulings for 2023, the importance of emergency savings, federal estate taxes, what listeners can expect this year as part of the SECURE Act… and the possible benefits of moving to Florida. Grab a slice of pie (there’s a reason for that teaser) and enjoy!
info_outline
2025 the Final Drive S1: E52 - Control Your Tax Destiny
2025 The Final Drive Podcast
With 2023 ending in just a few weeks, David has a few things to consider regarding taxes. Mutual fund gain distributions, tax penalties, lost harvesting, wash sale rules and phantom gains are all touched on in the podcast. Take the time to listen and take necessary action before the end of 2023!
info_outline
2025 the Final Drive S1: E51 - Conversion Consideration
2025 The Final Drive Podcast
With the end of 2023 just weeks away, many people are looking to pay the taxes on a Roth IRA conversion… but what is the best way to do so? This week David will offer some different ideas, including paying out-of-pocket or taking a 401k loan. Listen in to hear some options on minimizing the pain of paying those taxes now… and remember the pain later could be a lot worse.
info_outline
2025 the Final Drive S1: E50 - To Depreciate or Not Depreciate – that is the question!
2025 The Final Drive Podcast
Depreciation may sound like a bad thing to some people, but it can be a benefit when it comes to finances. On this episode, David Hays welcomes Martin James, CPA, back to discuss various aspects of depreciation on property, the differences in active versus passive real estate investing, land leases and the potential tax benefits of loans.
info_outline
2025 the Final Drive S1: E49 – Debt Elimination Before Retirement
2025 The Final Drive Podcast
Description – Debt is a part of life for many people, and it’s always important to manage your debt appropriately. On this episode, David and Marty James, CPA, discuss the benefits of having cash available versus using credit, as well as the importance of having a steady income stream in retirement. David and Marty also share about the potential benefits of doing a Roth IRA conversion in preparing for retirement.
info_outline
2025 the Final Drive S1: E48 – Clean Vehicle Credits
2025 The Final Drive Podcast
Marty James, CPA, is back on the podcast to share about potential incentives Americans can take when purchasing a “clean vehicle,” aka an electric car or truck. Did you know that if you are making a purchase of a clean vehicle, your MAGI – Modified Adjusted Gross Income – could impact the incentive credit? Marty and David will have the details on the incentives…
info_outlineWhat is a Net Unrealized Appreciation (NUA)? How does this affect your portfolio?
Just this week, I had a guy come into the office with an NUA from his previous employer. Listen in to learn what we did with it.
We discuss calculating NUA in 5 easy steps and when you should consider even using an NUA.
More 5 easy steps to come and I give you a teaser on To Convert or Not Convert, that is the question!