Red Barn Financial Podcast
This is the Red Barn Financial Podcast. Red Barn Financial is a financial advisory company serving family and small businesses. Red Barn Financial helps people: 1. Organize their finances and put together a plan for success 2. With their investments through financial plans and investment analysis and investment management. 3. With risk mitigation strategies including life insurance, disability insurance and more. 4. Through tax planning strategies 5. Setting up IRAs, brokerage accounts and other investments. Learn more about Sean Moran and Red Barn Financial at www.redbarnfinancial.com Disclaimer: Information provided in this podcast is for information purposes only and does not constitute financial advice. Financial decisions should only be made after careful consideration and based on all information available. Information provided in this podcast may not apply to you and therefore cannot be relied upon in making financial decisions. Consult your financial advisor or reach out to us if you would like to engage our services. Securities offered through Ad Deum Funds a Registered Investment Advisor headquartered in Chantilly Virginia.
info_outline
Ep.92 Most Googled Financial Questions of 2024
01/28/2025
Ep.92 Most Googled Financial Questions of 2024
In this episode of the Red Barn Financial podcast we talk about the most googled financial questions of 2024. It’s always interesting to see what’s on people’s minds, especially when it comes to finances. Did you know some of the most Googled financial questions in 2024 included: “How do I start investing?”, “What’s the best way to save for retirement?”, and “Do I really need life insurance?” These are great questions, and if you’ve been wondering about them too, you’re not alone. Financial planning can feel overwhelming, but I’m here to simplify it for you. Whether you’re curious about building wealth, protecting your family, or maximizing your savings, let’s address your biggest questions together. No question is too big—or too small—when it comes to your financial future. I’d love to schedule a time to chat and help you gain clarity and confidence about your next steps. Let’s turn those Googled questions into personalized answers for your goals. Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact [email protected] visit www.redbarnfinancial.com or call 615-619-6919
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/35054240
info_outline
Episode 91 - What Do You Value Most?
01/21/2025
Episode 91 - What Do You Value Most?
In this episode of the Red Barn Financial Podcast, I kick off the 21 day devotional "Look At The Sparrows" by Faithfi. In this episode we explore Matthew 6:19-21 which says: 19 “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also. If we put our efforts and desires in things of this earth, we will be left feeling empty. This is not to say that having nice things is bad. What it is saying is that our focus should be on being content in who God made us and in what His goals are for our lives, which will be way better than any plan we have. Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact [email protected] visit www.redbarnfinancial.com or call
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/34936030
info_outline
Ep. 90 How to Reduce or Eliminate Debt in 2025
01/14/2025
Ep. 90 How to Reduce or Eliminate Debt in 2025
In this episode of the Red Barn Financial Podcast, Sean Moran talks about ways to reduce or eliminate debt. It's often a strategy and a process and we talk through the ways in which to make this happen for you. Are you committed to paying down your debt this year? Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact [email protected] visit www.redbarnfinancial.com or call
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/34846680
info_outline
Ep. 89 Avoid Leaving Your Heirs a Big Tax Liability - Do This Instead
12/19/2024
Ep. 89 Avoid Leaving Your Heirs a Big Tax Liability - Do This Instead
In this episode of the Red Barn Financial Podcast, Sean Moran talks about the unintended consequences of leaving money to loved ones. When you leave money to someone, you may be leaving them a tax liability that could have been smaller with a bit of planning. Here are a few things to consider: Plan while both spouses are alive Consider the tax bracket of the people you are gifting to Think about actionable planning to reduce your tax liability over time Giving equal amounts to multiple people doesn't always result in them receiving an equal amount. This chart will help you follow along: Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact [email protected] visit www.redbarnfinancial.com or call 615-619-6919
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/34538495
info_outline
Ep. 88 Year-End Giving: A Tax-Smart Strategy for Charitable Giving
12/05/2024
Ep. 88 Year-End Giving: A Tax-Smart Strategy for Charitable Giving
In this episode of the Red Barn Financial Podcast, I talk about ways to make your charitable giving go further with some tax efficient ideas. I share the keys to giving and finding where your philanthropy can have the most impact. The use of a Donor Advised Fund (DAF) or making a Qualified Charitable Distribution (QCD) from an IRA are two potential ways to improve your giving by paying less in taxes, thereby leaving more for the charity or less of a tax burden for yourself. Giving appreciated stock vs. selling the stock and giving cash, and many more topics are discussed. Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact [email protected] visit www.redbarnfinancial.com or call 615-619-6919
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/34307525
info_outline
Ep 87 - What happens to your investment when new investors are brought in
11/26/2024
Ep 87 - What happens to your investment when new investors are brought in
Equity ownership dilution occurs when a company issues additional shares, reducing the ownership percentage of existing shareholders. This is common during second round fundraising (Series B), where new investors come on board, and more shares are created to accommodate their investment. It isn't necessarily a bad thing, however, because 10% of a company with no money is likely worth less than 5% of a company with money. Key points to consider include: Impact on Ownership: Existing shareholders' ownership percentages decrease, which can affect control and decision-making power. Valuation and Terms: The company's valuation and the terms of the new investment round play crucial roles in determining the extent of dilution. Protective Measures: Founders and early investors often negotiate anti-dilution provisions to protect their stakes. Understanding these aspects helps founders and investors make informed decisions during subsequent fundraising rounds. Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact [email protected] visit www.redbarnfinancial.com or call
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/34073356
info_outline
Ep 86 Smart Planning to Avoid the Widow Tax Penalty In the Future
11/15/2024
Ep 86 Smart Planning to Avoid the Widow Tax Penalty In the Future
When one spouse passes there is a little known and unintended consequence from a tax perspective. It’s often called the Widow Penalty. This is the result of the fact that generally a retired married couple lives on close to the same amount of money (because of the shared household expenses) when they are both alive as compared to when one passes. The issues comes from the fact that now the surviving spouse is single and their standard deduction is cut in half. In 2024 that would be from $29,200 married filing joint vs $14,600 if they were single. Additionally, the amount of income they can earn per each tax bracket is roughly half of what it would be if they were still considered married. For example, a Married couple with $201,050 of taxable income would be at the top of the 22% tax bracket, while a single person with the same income would be in the 32% bracket, some 10% and 2 brackets higher. The best way to avoid this is to be proactive with your tax planning. A financial advisor such as myself can help you with this. Disclaimer: This podcast is not tax, legal or financial advice. Every person’s situation is different. If you would like to discuss your personal situation, feel free to reach out to Sean at 615-619-6919, email smoran@redbarnfinancial or schedule a meeting at Calendly.com/spmoran
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/33950712
info_outline
Ep. 85 Saving for Retirement At Various Life Stages
10/18/2024
Ep. 85 Saving for Retirement At Various Life Stages
In this episode of the Red Barn Financial Podcast, Sean Moran shares the different strategies for investing at different stages of your life. One example is when you are younger, you might want to put your retirement funds in Roth accounts as your tax liability is low, so a tax deduction might not be as valuable. As you reach the peak of your career, you may be in the highest tax brackets and want to reduce your taxes, in which case the traditional 401(k) or IRA might be a better choice. If you have a lot of money in your traditional accounts, you might want to consider Roth so that your RMDs (Required Minimum Distributions) are lower. Working with a financial advisor can help you choose the best strategies. Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact [email protected] visit www.redbarnfinancial.com or call 615-619-6919
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/33517307
info_outline
Ep. 84 Taxing Unrealized Capital Gains
10/07/2024
Ep. 84 Taxing Unrealized Capital Gains
“Taxing Unrealized Capital Gains: What You Need to Know” Current Taxation System: Under the current system, taxpayers pay taxes on the growth in the value of their assets when they are sold (realized gains). Short-term gains (assets held for less than one year) are subject to ordinary income tax rates. Long-term gains (assets held for over a year) are taxed at a top rate of 23.8%. Kamala Harris’ Proposal: Harris has proposed taxing unrealized capital gains for individuals. These taxpayers would report unrealized gains annually, including basis (original purchase price) and market value as of December 31. The tax applies if the individual does not pay at least a 25% tax rate on their income (including unrealized gains). Payments can be spread out over subsequent years. Implications and Controversies: The proposal aims to address wealth inequality and capture gains from appreciating assets. Critics argue that it could be complex to implement and may have unintended consequences. Supporters believe it could generate revenue for social programs and reduce tax avoidance. Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact [email protected] visit www.redbarnfinancial.com or call
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/33324497
info_outline
Ep. 83 Inheriting an IRA - You need to know these rules
09/16/2024
Ep. 83 Inheriting an IRA - You need to know these rules
Are you the fortunate recipient of an inherited IRA? This podcast episode is your essential guide to understanding and maximizing your inherited IRA. We'll delve into the complexities of different inheritance scenarios, explore the rules and regulations governing inherited IRAs, and provide practical tips for making informed decisions about your financial future. Key Topics: Different Inheritance Scenarios: Understand the nuances of inherited IRAs based on your relationship to the deceased. Required Minimum Distributions (RMDs): Learn about the mandatory withdrawals you'll need to make from an inherited IRA. Tax Implications: Explore the tax consequences of withdrawing funds from an inherited IRA and strategies to minimize your tax burden. Stretching RMDs: Discover how to potentially extend the withdrawal period for an inherited IRA, allowing you to spread out tax payments. Roth Conversions: Explore the benefits and drawbacks of converting a traditional inherited IRA to a Roth IRA. Estate Planning Considerations: Understand how inherited IRAs can impact your overall estate plan and how to plan for future generations. Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact [email protected] visit www.redbarnfinancial.com or call 615-619-6919
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/33048162
info_outline
Ep. 82 - Early Retirement Account Withdrawals - What You Need to Know
09/11/2024
Ep. 82 - Early Retirement Account Withdrawals - What You Need to Know
Pitfalls of Early Retirement Account Withdrawals The video provides information about early withdrawals from retirement accounts. The speaker discusses what an early withdrawal is, the penalties associated with it, and the circumstances under which you may be able to avoid those penalties. Some of the key points from the video include: Early withdrawals are any withdrawals taken from your retirement account before you reach age 59 and a half. Early withdrawals are subject to a 10% penalty on top of the regular taxes. There are some exceptions to the 10% penalty, including death, permanent disability, unreimbursed medical expenses, birth or adoption, qualified higher education expenses, first-time homebuyer expenses, military reservist duty, and rollovers. It's important to consult with a financial advisor or tax professional to determine if you qualify for any of the exceptions and to understand the potential tax implications of taking an early withdrawal. Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact [email protected] visit www.redbarnfinancial.com or call 615-619-6919
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/33011252
info_outline
Ep. 81 Tax Efficient Funding of a Major Purchase (House, Car, etc.)
07/11/2024
Ep. 81 Tax Efficient Funding of a Major Purchase (House, Car, etc.)
Ep. 81 Tax Efficient Funding of a Major Purchase (House, Car, etc.) In this episode I share how I helped a client with funding a home downpayment, but this process can work with any amount and any major purchase. The key here is to avoid penalties and keep our taxes to a minimum. Here is the spreadsheet used to walk through this. When you have an annuity, they often come with surrender charges if you cash them in early. In this case it was over $20k on one of them and the other we didn't have the information available, but it was going to be some number, likely around 8-10% as well. This is a hefty fee to pay and made us decide not to use them. With the inherited IRAs, while they are taxable, to most people they will not have early withdrawal penalties. An individual brokerage generally will have capital gains but if there are capital losses to offset them it could be a good place to draw from ad there isn't an income tax. Consolidating accoutns was another factor we took into account. Disclaimer: This is not tax, legal or investment advice. Each person's circumstance is different and your situation may be different. Feel free to reach out for a consultation. Contact visit or call 615-619-6919
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/32102827
info_outline
Ep. 80 Top 5 Considerations When Hiring a Financial Advisor
06/18/2024
Ep. 80 Top 5 Considerations When Hiring a Financial Advisor
When choosing a financial advisor, there are a number of questions you want to ask. In this episode of the Red Barn Financial Podcast, Sean Moran answers the Top 5 questions: Is the advisor licensed? Are they truly a financial advisor or are they an insurance agent or coach that gave themselves a fancy name? Don't just pick the first advisor you meet. Make sure you interview a few to determine if you are picking the right one. Just like you wouldn't buy the first house you looked at without seeing a few more, make sure you know you are picking the best advisor for you. Choose someone who is aligned with your values - whether it's faith based investing, ESG, giving to charity, retiring early or another value you have. Be sure your advisor understands your goals and is aligned and committed to helping you achieve them. Understand the fees - Does your advisor charge an Assets Under Management (AUM) fee, do they charge hourly, do they get commissions for selling you products? You want to know which applies and whether you are comfortable with that method. Do Your Homework - Look at Google reviews, see if the advisor has been recognized in their community, check out their website and understand if they have done the things you need before. Disclaimer: This podcast is for informational purposes only. It is not tax, legal or financial advice. What is right for one person may not be right for another depending on their circumstances. If you would like to contact us please email [email protected] To learn more about Red Barn Financial and the services we provide visit www.redbarnfinancial.com:
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/31784647
info_outline
Ep. 79 Does the Bible Talk About Money?
06/12/2024
Ep. 79 Does the Bible Talk About Money?
In this episode of the Red Barn Financial Podcast, Sean Moran talks about the areas in the Bible where it speaks about money. This is only scratching the surface, because there are over 2,500 verses that talk about money. If you feel convicted to do what God is calling you to do with your money, specifically being a good steward of what has been given to you, reach out. We can help you with budgeting, intentional giving, putting money away for the future and tax advantaged ways to give. Disclaimer: This podcast is for informational purposes only. It is not tax, legal or financial advice. What is right for one person may not be right for another depending on their circumstances. If you would like to contact us please email [email protected] To learn more about Red Barn Financial and the services we provide visit www.redbarnfinancial.com
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/31723177
info_outline
Ep 78 Why Drawing From Your Retirement Account Early is a Costly Mistake
05/21/2024
Ep 78 Why Drawing From Your Retirement Account Early is a Costly Mistake
Ep 78 Why Drawing From Your Retirement Account Early is a Costly Mistake Many times people take money out of their retirement account early so they can pay bills, because they changed jobs or for "easy access" to their money. In this episode of the Red Barn Financial Podcast, Sean Moran shares why this could be a costly mistake, but in the current year as well as in future years. This includes the tax cost, the penalties and the fact that you will not have the money there for your future when you take it out today. Disclaimer: This podcast is for informational purposes only. It is not tax, legal or financial advice. What is right for one person may not be right for another depending on their circumstances. If you would like to contact us please email To learn more about Red Barn Financial and the services we provide visit
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/31400907
info_outline
Ep. 77: Taxes Done? Youre NOT Finished Yet! Heres Why
05/03/2024
Ep. 77: Taxes Done? Youre NOT Finished Yet! Heres Why
Taxes Done? You're NOT Finished Yet! Here's Why When you finish your tax return you want to understand what happened, what you can do for the next year to save taxes or to strategically prepare yourself for future years. In this episode of the Red Barn Financial Podcast, Sean will talk about what to look for on your tax return and things that you could look into further so that you might potentially pay less taxes in future years. Sean Moran is a financial advisor specializing in retirement planning, college planning, life insurance, disability insurance, Long Term Care insurance and a holistic approach to your personal finances. Sean has clients in NJ, TN, VA, TX and would love to help you either locally or virtually. Sean is an author, former corporate tax professional and entrepreneur. He holds a BS from York College of PA and a Masters of Taxation from Fairleigh Dickinson University. If you are interested in learning more, you can contact Sean at: or schedule a meeting here: calendly.com/spmoran Disclaimer: The information in this podcast is not tax, legal or financial advice. Each person's situation is unique and you should speak with your financial advisor and tax advisor to be sure your plan works for you. Red Barn Financial LLC offers securities through Ad Deum Funds, a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitationfor the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/31103838
info_outline
Ep. 76 - When Spending More Saves You Money
04/08/2024
Ep. 76 - When Spending More Saves You Money
In this episode I share some times when spending more money will save you money. As a financial advisor, I often advocate for people to save money for their future, but there are many times when spending more money can save you money in the long run. One example is for a quality "once in a lifetime" experience. There is a balance between spending the most and the least you can possibly spend, but there are times to splurge a bit. Another place can be quality items like good shoes that last a long time or a good car that will not fall apart. I also share bonus material on how you can spend a bit more and still save. For more information on Red Barn Financial and what we can do for you, visit or call us at 615-619-6919 for a consultation. Disclaimer: The information contained herein is not tax, legal or investment advice. Please reach out if you would like to discuss you particular circumstances. If you would like to contact us for our free guide or any other reason, please email [email protected]
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/30731643
info_outline
Ep. 75 Taking Money out of your Retirement Account Can Destroy Your Financial Life
03/13/2024
Ep. 75 Taking Money out of your Retirement Account Can Destroy Your Financial Life
Ep. 75 Taking Money out of your Retirement Account Can Destroy Your Financial Life In a podcast by Sean Moran, a financial advisor with Red Barn Financial, discourages people from withdrawing money from their retirement accounts before reaching the age of 59 and a half due to tax penalties and the added tax cost. The podcast discusses two real-life scenarios where people made such mistakes. In the first scenario, a couple withdrew $700,000 from their retirement account to buy a vacation home. This resulted in a 10% penalty and pushed them into a higher tax bracket. In the second scenario, a person gave their ex-spouse $25,000 from their retirement account during a divorce. The speaker explains that there could have been ways to avoid the penalty if the money was transferred directly to the ex-spouse's IRA instead. Overall, the podcast emphasizes the importance of consulting with a financial advisor before taking any money out of a retirement account. Planning ahead can help you avoid costly mistakes. In this episode of the Red Barn Financial podcast, I share two different stories of people that have taken money out of their 401(k) or retirement plans. Cashing out your retirement account is often a terrible idea. Disclaimer: The information contained herein is not tax, legal or investment advice. Please reach out if you would like to discuss you particular circumstances. If you would like to contact us for our free guide or any other reason, please email [email protected]
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/30359028
info_outline
Ep. 74 - Your Home As a Financial Tool - A Conversation with Jackson Matheson
03/07/2024
Ep. 74 - Your Home As a Financial Tool - A Conversation with Jackson Matheson
In this Episode of the Red Barn Financial Podcast I get the opportunity to interview Jackson Matheson of the Wood Group of Fairway Mortgage. He shares his experiences and the reason why he is passionate about the Home Equity Conversion Mortgage (HECM). Jackson shares why this tool gives you an opportunity to make sure you are financially secure in retirement and opens up one of the largest assets most of us have to use to fund things we need in retirement. Jackson's contact information: Jackson Matheson Loan Officer NMLS# 1978746 Office: eFax: Cell: 1220 Marathon Drive Murfreesboro, TN 37129 Some statistics that Jackson shared: Notable statistics for the Baby Boomer generation: 27% have no retirement savings 70% will need some form of long-term care 39% get divorced 75% have debt Over 50% of boomers rely on social security either heavily or entirely 10,000 baby boomers turn 62 each day (of which 30%-40% will carry a traditional mortgage payment into retirement) Disclaimer: The information contained herein is not tax, legal or investment advice. Please reach out if you would like to discuss you particular circumstances. If you would like to contact Red Barn Financial please email or call 615-619-6919. To learn more about our firm, visit Note: Red Barn Financial is independent of it's guests and nothing in this podcast should be construed as an endorsement or recommendation to use any of the products or services discussed. Each person should assess their financial needs with a financial advisor like us.
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/30267118
info_outline
Ep. 71 Get Rid of the 401K To Save Social Security?
02/29/2024
Ep. 71 Get Rid of the 401K To Save Social Security?
A recent study by Boston College recommends ending 401(k) and IRA tax benefits in order to use the extra tax revenue to fund Social Security. I share in this podcast episode why I think that could be a bad idea that would lead to more issues for retirees in the future, which would mean simply transferring the problem to the future. The Center for Retirement Retirement Research at Boston College said that about $185 billion of more revenue would be collected by the IRS each year if people couldn't deduct their 401(k) or IRA contributions. I believe this would result in less savings for the future. If people choose not to save for retirement because there is no immediate benefit, they are likely to spend that money instead. You can learn more about it in this Disclaimer: The informaiton contained in this podcast is not tax, legal or investment advice. Everyone's circumstances are different. If you would like to discuss your informaiton specifically please contact us at 615-619-6919 or email [email protected]
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/30169378
info_outline
Ep. 70 What is Your Business Really Worth? A Conversation with Russell Carriere
02/22/2024
Ep. 70 What is Your Business Really Worth? A Conversation with Russell Carriere
In this episode of the Red Barn Financial Podcast I have a great conversation with business broker Russell Carriere of First Choice Business Brokers. Russ is a 30 year entrepreneur who helps business owners understand what their businesses are worth and how to position a business for sale in the near or distant future. Russ can be contacted here: Website: email: Phone: To reach out to Sean Moran at Red Barn financial please call 615-619-6919 or email Learn more about Red Barn Financial on our website Disclaimer: The information in this podcast is not tax, legal or financial advice. Please consult a financial advisor for information on your specific situation. Opinions expressed by guests are their own. The appearance on the Red Barn Financial Podcast by any guest does not constitute an endorsement.
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/30060743
info_outline
Ep. 69 Where you put your money is as important as how much you have
02/15/2024
Ep. 69 Where you put your money is as important as how much you have
Ep. 69 Where you put your money is as important as how much you have. You want to be tax efficient with your money so the particular account you put different assets in will drive whether they are efficiently taxed or not. In this episode of the Red Barn Financial Podcast I will share some factors you need to consider when you are choosing where and with what assets to invest. For example, if you put dividend paying stocks in your brokerage account you will pay taxes on the dividends in the year you earn them. If you put them in an IRA then you defer the taxes to a future year. On the other hand you turn capital gains into ordinary income in the IRA. With respect to real estate, if you have that in an IRA account, lose the opportunity to depreciate the property, you can't use it personally and you also lose capital gains tax treatment which can be beneficial. Disclaimer: The information contained in this podcast is for informational purposes only and is not financial advice. Everyone's situation is different, so you should discuss your needs with a financial advisor like me. Contact information: Red Barn Financial Sean Moran - 615-619-6919
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/29970348
info_outline
Ep. 68 How Much Money You Need To Have Saved For Retirement At Any Age
02/07/2024
Ep. 68 How Much Money You Need To Have Saved For Retirement At Any Age
Ep. 68 How Much Money You Need To Have Saved For Retirement At Any Age In this episode of the Red Barn Financial Podcast, I discuss the amounts or ranges you want to save in order to be able to retire comfortably. If you haven't saved enough money yet to really get to where you want to be, that doesn't mean it's time to give up. It simply means it's time to start saving more than you have been in the past. Whether your plan to retire or not, it's important to save as though you do, because sometimes we have to stop working sooner even if we don't want to. Here are the numbers from T. Rowe Price: Here are the numbers from Fidelity: Disclaimer: The information contained herein is not tax, legal or investment advice. Please reach out if you would like to discuss you particular circumstances. If you would like to contact us for our free guide or any other reason, please email
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/29849738
info_outline
Ep. 67 Tax Season Has Started Should You File Right Away?
01/31/2024
Ep. 67 Tax Season Has Started Should You File Right Away?
Episode 67 Tax Season Has Started Should You File Right Away? You can now file your 2023 tax return, but you may have reasons to hold off on filing your return. In this episode of the Red Barn Financial Podcast I discuss the reasons why you might want to hold off until you have what you need. If you are looking for some free resources for filing your 2023 tax returns, you can find them at Disclaimer: The information contained in this podcast is for informational purposes only and is not financial advice. Everyone's situation is different, so you should discuss your needs with a financial advisor like me.
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/29737048
info_outline
Ep. 66 Proper Planning Can Leave You Prepared - Otherwise This Happens
01/26/2024
Ep. 66 Proper Planning Can Leave You Prepared - Otherwise This Happens
Ep. 66 Proper Planning Can Leave You Prepared - Otherwise This Happens All too often we are going through life without the most important things we need for our financial security and the security of the ones we love. We end up missing these things because we are so busy doing the things that we believe are in our best interest but we aren't doing the basic financial planning that our family needs. In this episode of the Red Barn Financial Podcast, I discuss the simple things you can do to make sure your protecting your most important assets - your life and your ability to earn a living. Disclaimer: The information contained in this podcast is for informational purposes only and is not financial advice. Everyone's situation is different, so you should discuss your needs with a financial advisor like me. Contact information: Sean Moran - 615-619-6919
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/29665478
info_outline
Ep. 65 Lump Sum vs Monthly Payments Which is the Better Choice
01/11/2024
Ep. 65 Lump Sum vs Monthly Payments Which is the Better Choice
In this episode I share the factors to consider when you are thinking about a lump sum payout vs a monthy payment like a pension or annuity. Each person's situation is a bit different, so this episode will share with you the different considerations when deciding between an pension/annuity versus a lump sum payout. Here is the example I go over in the episode:
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/29446208
info_outline
Ep. 64 You can buy a house with how much down?
12/12/2023
Ep. 64 You can buy a house with how much down?
Year End Recap - You can buy a house with how much down? In this episode I talk about the new rule that allows people to only put down 5% on purchases of multi-unit dwellings and what my thoughts are on that. I also share my top performing and my top performing . I share about my new book I co-authored with my wife called "Leaving a Legacy" You can buy it on Amazon in or . Finally, I shared a Wall Street Journal article that points out that buying a house is more expensive than it's been in a long time and in some cases renting could be a better choice. Disclaimer: The information contained herein is not tax, legal or investment advice. Please reach out if you would like to discuss you particular circumstances. If you would like to contact us for our free guide or any other reason, please email Links to book are affiliate links.
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/29034363
info_outline
Ep. 63 Beyond the Personal Guarantee: Crafting a Creditworthy Business - An Interview with the J Galt Team
11/28/2023
Ep. 63 Beyond the Personal Guarantee: Crafting a Creditworthy Business - An Interview with the J Galt Team
In this episode of the Red Barn Financial Podcast, we go behind the curtain to learn the keys to building business credit without the personal guarantee. I interview Josh Love and Brittany Winner of J Galt. They share how you can build your business credit and why it's so much different than personal credit. To connect with Josh you can email him at or find out more on his website at https://www.jgalt.io/jlove Disclaimer: The information contained herein is not tax, legal or investment advice. Please reach out if you would like to discuss you particular circumstances. If you would like to contact us for our free guide or any other reason, please email
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/28819963
info_outline
Ep 62 Navigating the 2024 Tax Landscape: A Guide for Taxpayers
11/22/2023
Ep 62 Navigating the 2024 Tax Landscape: A Guide for Taxpayers
Podcast Title: Navigating the 2024 Tax Landscape: A Guide for Taxpayers There are some visual aspects of this episode that might be better suited for YouTube. If you would like to watch, here is the link: https://youtu.be/SUDo_pS0-A8 Description: Stay ahead of the curve with this insightful podcast as we delve into the key tax figures for 2024. Our expert guests will provide an in-depth analysis of the latest tax changes, deductions, and credits, empowering you to make informed decisions and minimize your tax burden. Key Topics Covered: Updated Tax Brackets and Rates: Understand how the 2024 tax brackets and rates impact your taxable income and tax liability. Standard Deduction and Exemptions: Discover the latest adjustments to the standard deduction and exemptions, and how they affect your tax savings. Credits and Deductions: Gain valuable insights into the various credits and deductions available to you, including the Child Tax Credit, Earned Income Tax Credit, and charitable deductions. Tax Planning Strategies: Learn effective tax planning strategies to optimize your tax return and maximize your after-tax income. Disclaimer: The information contained herein is not tax, legal or investment advice. Please reach out if you would like to discuss you particular circumstances. If you would like to contact us for our free guide or any other reason, please email
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/28763018
info_outline
Ep 61 Real Estate In An IRA Could Spell Trouble
11/14/2023
Ep 61 Real Estate In An IRA Could Spell Trouble
In this episode of the Red Barn Financial Podcast, Sean Moran explains the reasons why you might not want to put real estate in your IRA. You will find people pitching the idea of putting a real estate investment into an IRA, but there are many drawbacks from this strategy. First, real estate provides many tax beneficial treatments, but when you put them into an IRA you lose some of them. For example, you can't depreciate the property, which means you lose a valuable tax benefit. Additionally, you lose capital gain treatment, which means you pay more taxes. When you come up on RMDs or decide you want to take the investment out of the IRA it becomes quite difficult and leaving it as a legacy later on is leaving a big tax bill that could have been avoided. Here are things to consider before investing in real estate within your IRA and why you may not want to do this. Looking for a financial advisor? Schedule time with Sean Moran, MST - Financial Advisor at Red Barn Financial. Learn More at Disclaimer: This podcast is not tax, legal or investment advice. Everyone's situation is different. Consult your financial advisor prior to making any major financial decision. Looking for a financial advisor? Schedule time with Sean Moran, MST - Financial Advisor at Red Barn Financial. Learn More at or schedule a meeting at Calendly.com/spmoran
/episode/index/show/ecd601c6-46bf-42f3-8717-e910ec5cf236/id/28630923