The Fiscal Blueprint: Retirement Built Right w/ Financial Coach Jeff Montgomery

Financial Coach Jeff Montgomery discusses a variety of financial topics to keep you focused on what's truly important in life. It's not about pie charts and spreadsheets.......it's about the journey! And good financial decisions can be the fuel for the journey of life! Visit our website; www.mfswealth.com for more resources. Visit us at any of our 3 locations in Berlin, MD, Lewes DE, and Eldersburg, MD. Call us at 410-208-1004; we would be happy to speak with you and answer any questions you may have.

Episode 72: IRS Offers Some Relief with Notice 2022-53 11/10/2022

Episode 71: Taxation on Retirement Accounts- Part 3 10/06/2022

Episode 70: Taxation on Retirement Accounts- Part 2 09/21/2022

Episode 69: Taxation on Retirement Accounts 101 09/13/2022

Episode 69: Taxation on Retirement Accounts 101 There is no doubt that income taxation plays an important role for retirees and their retirement income plans. So, what is considered retirement income? Typically, Social Security, a traditional pension, disbursements from retirement accounts (401k’s, 403B’s, IRA’s, etc.), and also, annuities. Taxation on distributions from annuities can get especially confusing for some folks. So, in today’s episode, your financial coaches Jeff Montgomery and Nick Craven go over ‘Taxation 101’ on all different retirement accounts to help better understand taxation on annuities. Disclaimer: Please do not take advice from me on this show. As a licensed Fiduciary I am only allowed to give advice to clients. So, unless you’re a client I can’t give you advice because I don’t know you. So, think of these as helpful hints and education only. And please before implementing any information or ideas you hear on this show always consult your legal adviser, your tax adviser, and your financial adviser…………. right? that’s just common sense. Final Disclaimer: “We appreciate you joining us today for this episode of The Fiscal Blueprint. Be sure to visit fiscalblueprint.com to access the most recent content available including all past shows. Remember it’s not about the money but about your life! Having a mindset and living a life of abundance rather than scarcity will change the direction of your life forever!! Enjoy the Journey!!! “Opinions voiced in this recording are for general information only and not intended to offer specific advice or recommendations to any individual. All performance references are historical and no guarantee of future results. All indices are unmanaged and not available for direct investment.” Berlin, Maryland ~ Lewes, Delaware ~ Eldersburg, Maryland Fiduciary, Independent, Registered, Investment Advisor Representatives /episode/index/show/fiscalblueprint/id/24361485

Episode 68: Social Security, Inflation, & RMD news! 07/05/2022

Episode 68: Social Security, Inflation, & RMD news! Today’s episode covers a little bit of everything because there is quite a bit going on in the world of finance! Your financial coach, Jeff Montgomery tackles a few topics including Social Security and the possibility of an upcoming cost of living adjustment. Jeff also discusses the latest inflation numbers and some very interesting data about market performance before and after recessions. Finally, he discusses some proposed RMD regulations for post-SECURE Act required minimum distributions for inherited IRAs. All of this and more on this week’s episode! You won’t want to miss this episode to catch up on these key current topics. Disclaimer: Please do not take advice from me on this show. As a licensed Fiduciary I am only allowed to give advice to clients. So, unless you’re a client I can’t give you advice because I don’t know you. So, think of these as helpful hints and education only. And please before implementing any information or ideas you hear on this show always consult your legal adviser, your tax adviser, and your financial adviser…………. right? that’s just common sense. Final Disclaimer: “We appreciate you joining us today for this episode of The Fiscal Blueprint. Be sure to visit fiscalblueprint.com to access the most recent content available including all past shows. Remember it’s not about the money but about your life! Having a mindset and living a life of abundance rather than scarcity will change the direction of your life forever!! Enjoy the Journey!!! “Opinions voiced in this recording are for general information only and not intended to offer specific advice or recommendations to any individual. All performance references are historical and no guarantee of future results. All indices are unmanaged and not available for direct investment.” Berlin, Maryland ~ Lewes, Delaware ~ Eldersburg, Maryland Fiduciary, Independent, Registered, Investment Advisor Representatives /episode/index/show/fiscalblueprint/id/23638094

Episode 67: No Hurricane, Yet 06/08/2022

Episode 66: Ukraine, Recent Market Performance, and the Social Security Tax Torpedo 03/21/2022

Episode 66: Ukraine, Recent Market Performance, and the Social Security Tax Torpedo In this week’s episode, Jeff discusses a hodgepodge of topics based on some recent news & happenings within the last couple of weeks. First, he lends a bit of perspective on the Russian- Ukrainian conflict and how it’s been affecting the markets lately. He touches on the possibility of the Fed raising interest rates once again and how that could also further impact financial markets. Then, he switched gears to discuss what we are calling a potential Social Security ‘Tax Torpedo.’ What is it and how can you possibly avoid it? To view Jeff’s original video where he discusses the Geopolitical crisis in Ukraine, Disclaimer: Please do not take advice from me on this show. As a licensed Fiduciary I am only allowed to give advice to clients. So, unless you’re a client I can’t give you advice because I don’t know you. So, think of these as helpful hints and education only. And please before implementing any information or ideas you hear on this show always consult your legal adviser, your tax adviser, and your financial adviser…………. right? that’s just common sense. Final Disclaimer: “We appreciate you joining us today for this episode of The Fiscal Blueprint. Be sure to visit fiscalblueprint.com to access the most recent content available including all past shows. Remember it’s not about the money but about your life! Having a mindset and living a life of abundance rather than scarcity will change the direction of your life forever!! Enjoy the Journey!!! “Opinions voiced in this recording are for general information only and not intended to offer specific advice or recommendations to any individual. All performance references are historical and have no guarantee of future results. All indices are unmanaged and not available for direct investment.” Berlin, Maryland ~ Lewes, Delaware ~ Eldersburg, Maryland Fiduciary, Independent, Registered, Investment Advisor Representatives /episode/index/show/fiscalblueprint/id/22518077

Episode 65: Tax Planning & the Death of a Spouse- Part 2 02/10/2022

Episode 65: Tax Planning & the Death of a Spouse- Part 2 In this week’s episode, we are continuing the discussion on the unfortunate circumstances of a spouse passing away. A myriad of financial decisions need to be made during an already difficult time, and it’s important to understand the implications of many of those decisions. Last week, we talked about the step-up in basis rule as well as the widow’s penalty. This week, we are going to cover what happens when a spouse inherits an IRA and the choices that he or she may have when it comes to inheriting a deceased spouse's retirement accounts. Disclaimer: Please do not take advice from me on this show. As a licensed Fiduciary I am only allowed to give advice to clients. So, unless you’re a client I can’t give you advice because I don’t know you. So, think of these as helpful hints and education only. And please before implementing any information or ideas you hear on this show always consult your legal adviser, your tax adviser, and your financial adviser…………. right? that’s just common sense. Final Disclaimer: “We appreciate you joining us today for this episode of The Fiscal Blueprint. Be sure to visit fiscalblueprint.com to access the most recent content available including all past shows. Remember it’s not about the money but about your life! Having a mindset and living a life of abundance rather than scarcity will change the direction of your life forever!! Enjoy the Journey!!! “Opinions voiced in this recording are for general information only and not intended to offer specific advice or recommendations to any individual. All performance references are historical and have no guarantee of future results. All indices are unmanaged and not available for direct investment.” Berlin, Maryland ~ Lewes, Delaware ~ Eldersburg, Maryland Fiduciary, Independent, Registered, Investment Advisor Representatives /episode/index/show/fiscalblueprint/id/22092986