Episode 16 of Season 3 of Retire Hour. Matt Goolsby is joined by three financial advisors from Market Advisory Group, in studio by Larry Kloefkorn, Danny Goolsby remotely in Wichita, and Jonathon McCoy remotely in Kansas City. They examine the payroll tax enacted by Washington state and the factors Filial Responsibility Laws could play in your retirement. Then in the Find the Fees segment Danny and Joshua to talk through the fees involved with paying off a mortgage with a large lump sum from a 401k or IRA. Matt then goes one on one with Joshua Cicora, lead CPA of Market Tax Services, to discuss taking money out of an IRA account and answer a listeners question regarding moving money from one brokerage to another. Next, Matt is joined by estate planning attorney Gerald Eidelman to talk through the importance of getting your estate plan done in a timely manner so you’re prepared for any situation thrown at you.. Lastly, Matt is joined by Bill Vawter, of Market Medicare Advisors to answer a listeners question regarding calculating MAGI for part B of Medicare.
Intro: 0:00
Financial Advisors: Payroll Tax - 0:22
Financial Advisors: Filial Responsibility - 9:40
Financial Advisors & CPA: Mortgage Expenses (Find the Fees) - 15:54
CPA: Listener Question - Transferring Money - 22:44
Estate Planning Attorney: Early Estate Planning - 30:43
Medicare Advisor: Listener Question - Calculating MAGI for part B of Medicare - 39:28
Credits: 45:20
Learn more about the show, the team behind it, and where else to listen at: https://retirehour.com
Retire Hour is a weekly radio show and podcast. This financial education resource is for those approaching retirement, or seeking knowledge investing, income planning, taxes, medicare and estate planning.
