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In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II discuss the multiple ways for avoiding capital gains tax. They discuss tax loss harvesting, wash sales, and other strategies. They also take a look at the latest news headlines. For additional tax strategies, check out our Income Tax Strategy Guide. Find it Fast:  Avoiding Capital Gains Tax Capital Gains 00:00—Intro 01:11—When are you taxed? 04:51—Tax loss harvesting 06:48—Wash sale strategy 08:31—Two ways to avoid capital gains tax entirely Something or Nothing 12:53—Elon Musk ditching Delaware 16:56—Maersk suspended dividend 19:01—KoBold startup finds massive copper deposit 21:10—Turkey hyperinflation 24:43—CAPE ratio  This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor, or lawyer. If you enjoyed learning about avoiding capital gains tax, listen in to the Your Money Momentum podcast published twice monthly where you listen to your favorite pods or watch our latest video session on YouTube at Your Money Momentum. Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | X (Twitter)| YouTube

Do you go into the market making investments based on what your friends and family are doing, or do you think you’re immune to influences? In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II cover the various types of stock market bias you may not realize you have that can derail your portfolio. For additional information on bias, check out our guide on Avoiding Investment Bias. Find it Fast:  Stock Market Bias 00:00—Intro 01:19—Psychology of investing bias  Central Bank Roundup 11:37—Powell speaks  This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor, or lawyer. Listen in to the Your Money Momentum podcast published twice monthly where you listen to your favorite pods or watch our latest video session on YouTube at Your Money Momentum. Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | X (Twitter)| YouTube

If you have the option through your employer-sponsored retirement plan to make non-deductible contributions to an IRA after you max out your 401(k) limits, you may be able to use a Backdoor Roth.  In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II cover the specifics. Work with your CPA or financial advisor before you make these rollovers.  We also discuss long-standing financial trends, the potential for a Eurozone downturn, and emerging markets debt.   Find it Fast: Backdoor Roth IRA Rollover Backdoor Roth Strategy 00:00—Intro 1:30—New contribution limits 2:50—After-tax backdoor rollover to Roth IRA for income-restricted investors 8:15—Step rule transaction Headlines 12:50—Are long-standing financial trends like the 0% interest rates over? 15:00—Is the Eurozone headed for another downturn? 17:02—Emerging markets debt issuance hits a record 19:37—DeepMind using AI to reduce drug development times Review and Outlook 21:55—Review bold prediction that S&P 500 nearly hit 5,000 22:10—How the market changes during an election year 27:01—Are we currently in a recession?    This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor, or lawyer. Listen in to the Your Money Momentum podcast published twice monthly where you listen to your favorite pods or watch our latest video session on YouTube at Your Money Momentum. Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | X (Twitter)| YouTube

People are wondering if we should still be concerned about a recession. In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II discuss inflation, the four pillars of recession, and lowering interest rates. They also discuss the Goldilocks scenario and sovereign debt crisis. [Embed podcast player] Watch the video podcast version on YouTube [Insert YouTube link] Find it Fast: Four Pillars of Recession Monthly Review: 00:00—Intro 00:30—November in review 05:50—Four pillars of recession 15:20—Housing prices increasing  Bold Predictions: 18:46—December market 22:00—Recession delay by election season This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor, or lawyer. Listen in to the Your Money Momentum podcast published twice monthly. If you like this end-of-year planning episode, check out our previous show End of Year Planning, or watch our latest video session on YouTube at Your Money Momentum. Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | X (Twitter)| YouTube

At this point, you’re probably wondering if the Fed is shooting darts, or if they actually know what they’re doing when it comes to interest rates. In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II cover the Fed, Japanese equities, and dig into some end-of-year planning strategies. Watch the video podcast on YouTube [Insert YouTube link] Find it Fast:  Central Bank Roundup: 00:00—Intro 02:00—Will the Fed hike again? Is the Fed shooting darts? 06:58—Bank of Japan and Japanese equities Role Play: 10:44—JP Morgan Jamie Dimon 13:05—ARK Invest Cathy Wood 14:48—Open AI Sam Altman 17:12—Stephen A. Schwarzman 19:23—Venture Capital and Mark Anderson Five Good Minutes: Taxes and end-of-year planning 21:17—Tax loss harvesting 23:50—Charitable giving 25:36—Pre-tax accounts like 401(k) and IRA 27:27—Changes for 2024 This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor, or lawyer. This podcast is intended strictly for educational purposes only and is not a recommendation for or against cryptocurrency. Listen in to the Your Money Momentum podcast published twice monthly. If you like this end-of-year planning episode, check out our previous show Open Enrollment Tips, or watch our latest video session on YouTube at Your Money Momentum. Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | X (Twitter)| YouTube

In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II cover several financial topics including the big sell-off, reinvestment risk, and bond laddering. They also offer a bold prediction on whether rates have peaked.   Watch the video podcast on YouTube Find it Fast: October Review The Month of October Review: 00:00—Intro 00:41—October’s sell-off 10:28—Five good minutes on reinvestment risk 16:21—Bond laddering Bold Predictions: 21:19—NFL 22:27—Have rates peaked? Listen in to the Your Money Momentum podcast published twice monthly. If you like this episode, check out our previous show Open Enrollment Tips, or watch our latest video session on YouTube at Your Money Momentum. Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | X (Twitter)| YouTube

What are wealth markers and why should we care? In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II cover several interesting topics including mortgage rates, debt to GDP, and Crypto.  They also discuss how Ireland’s rise correlates to increased wealth. If you’ll be signing up for Medicare soon or know someone who is, watch the Medicare Tips video Tom and Kevin mentioned at Your Money Momentum. [Embed podcast player] Watch the video podcast on YouTube [Insert YouTube link] Find it Fast: Watching Wealth Markers Something or Nothing: 00:00—Intro 02:42—Ireland’s rise in SUVs 05:33—23-Year high in mortgage rates 11:18—Oil merger mania 15:10—Debt to GDP 17:20—Microlino Mailbag Questions: 19:35—Crypto* 23:27—Bonds Listen in to the Your Money Momentum podcast published twice monthly. If you like this episode, check out our previous show Open Enrollment Tips, or watch our latest video session on YouTube at Your Money Momentum. Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | Twitter  | YouTube *This podcast is intended strictly for educational purposes only and is not a recommendation for or against cryptocurrency. Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Financial planning services offered through Global Wealth Advisors are separate and unrelated to Commonwealth. Global Wealth Advisors Headquarters is located at 4400 State Hwy 121, Ste. 200, Lewisville, TX 75056, (972) 930-1238, or at [email protected].

Feeling like you relived the entirety of 2022 in September? In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II dig into last month’s numbers and spend several good minutes discussing tips for employee open enrollment. Find it Fast:  Month-End Financial Update: 00:00—Intro 01:11—Market review with charts A Few Good Minutes: 14:18—Open enrollment tips Bold Predictions: 19:52—Banking failures 21:30—Sports Listen in to the Your Money Momentum podcast published twice monthly. If you like this episode, check out our previous show Cash is King, or watch our latest video session on YouTube at Your Money Momentum. Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | Twitter  | YouTube

If cash is king, what do you do with it? In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II discuss what to do with your cash. Listen in as they dig into money market accounts, treasury bills, CDs, and municipal bonds. They also answer your questions about the future of bank failures, how political seasons affect the market, and the best books for beginners. Here are some links to the books mentioned if you want some good reads for younger family members this holiday season: Rich Dad Poor Dad Liar’s Poker Simple Wealth Inevitable Wealth The Big Short Watch it on YouTube Find it Fast: Cash is King Central Bank Roundup: 00:00—Intro 01:58—Rates, core inflation and spending 05:15—Jobs numbers 08:50—Strength of the dollar Cash is King in Five Good Minutes (OK, 11 minutes): 09:09—Money market rates 14:38—What is a duration risk   16:51—CDs and municipal bonds Mailbag: 20:43—Will there be more bank failures? 22:43—How do political seasons affect the markets? 24:12—What are the best investing books for beginners? Listen in to the Your Money Momentum podcast published twice monthly. If you like this Cash is King episode, check out our previous show Building an Efficient Income Stream or watch our latest video session on YouTube at Your Money Momentum. Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | Twitter  | YouTube

If you’re looking to create a tax-efficient income stream, we might have one answer. In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II begin digging into building a tax-efficient income stream using municipal bonds. They also discuss the current market situation and what we might expect for the rest of the year. Be sure to stay tuned for the mid-month podcast where they plan to cover the changing face of ESG and the resulting backlash. Find it Fast: Building an Efficient Income Stream Financial Update: 00:00—Intro 01:26—Market update and the magnificent 7 07:18—Worldwide inflation, the economy, and consumers 12:05—Cost of capital and yen carry trade 15:12—Borrowing cost and downgrade 15:40—Fixed income 16:22—Housing and commodities 18:24—Commodities and real assets 22:03—U.S. dollar Tax-Efficient Income Strategies: 23:12—Municipal bonds as a powerful vehicle Final Thoughts: 32:50—Rapinoe’s missed goal and the state of politics Listen in to the Your Money Momentum podcast published twice monthly. If you like the tax avoidance strategies episode, check out our previous show Trump Tax Cuts May Expire or watch our latest video session on YouTube at Your Money Momentum. Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | Twitter  | YouTube

When the Trump tax cuts go away at the end of 2025, will everyone’s taxes increase? In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II discuss the implications for taxpayers and which increases and reductions are going to catch people off guard. They also discuss a few tax avoidance strategies that people can begin adopting now. Watch for more tax strategies in our next mid-month podcast in August. You can also get a free copy of our tax strategy guide by signing up at: http://eepurl.com/dEbIFX Find it Fast: Tax Avoidance Strategies  Tax Avoidance Strategies: 00:00—Intro 01:05—End of the Trump tax cuts end of 2025 02:30—Which increases and reductions are going to catch people off guard? 03:30—Strategies you can adopt now and later Roleplay: 08:36—Bank of America discrepancies and potential bailout 10:36—Santander windfall profit tax 12:00—Fed interest rates continue or pause 13:03—Lower CPA exams Central Bank Roundup: 15:15—Bank of Germany bond hit 19:11—Dollar dominance and the debt issue 22:20—Bank of Japan currency intervention Listen in to the Your Money Momentum podcast published twice monthly. If you like the tax avoidance strategies episode, check out our previous show Midyear 2023 Update or watch our latest video session on YouTube at Your Money Momentum. Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | Twitter  | YouTube

We’ve hit the midyear mark and investors want to know what to expect during the next half of this year. In episode 67 of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professionals Tom Kennedy and Kevin M. Curley, II hold an in-depth discussion on the current conditions, stress in the market, and some positive news. They also offer up a couple of bold predictions about the equity market and just how many rate hikes the Fed has in them for 2023. Watch Tom and Kevin on YouTube: https://youtu.be/I8JqlVowQd0 Find it Fast: Midyear 2023 Update: 00:00—Intro 01:27—Market update 09:30—The S&P 5000 resurrected 16:14—Role of the US dollar 18:01—Stress in the market 20:20—Positive market news 22:42—Factors like quality, volatility, momentum, and high-dividend Bold Predictions: 23:32— Equity market reversion 25:18—Will there be more than two rate hikes? Listen in to Your Money Momentum published twice monthly. If you like this episode, check out our previous podcast Merger Mania. The Your Money Momentum podcast is produced by: Pamela Engstrom Music by: PWISBY "Ruff" Find us: LinkedIn | Facebook  | Instagram | Twitter  | YouTube