Transcript: Easan Arulanantham: “What should I do if I’m way behind in my retirement savings? Like, where should I be at a certain age?” Tom Vaughan: Yeah, actually, if you’re way behind it first of all, you might be surprised at how much you’re not behind. I’ve had so many conversations with people that are
Transcript: So one common questions that come up in client means is my calendars down since game November, you know, should I be doing anything about this? Should I be preparing or doing something cutting back? Yeah, exactly. So, you know, we hit a peak early November, it’s been a, you know, not a big
Transcript: Easan Arulanantham: “When should I consider increasing or reducing how much I withdraw from my accounts?” Tom Vaughan: Yeah, that’s a good point. Because, you know, there’s all these withdrawal rules, and, you know, take out 3%, take out 4% and take out 5%. There’s all kinds of there’s a lot of articles on
Transcript: Easan Arulanantham: Yeah, so another kind of market related question with so many people changing jobs and other people, you know, being recruited, how do you value like a? Yes, or a stock ownership option plan or stock? employee stock purchase plan when looking at offers? Tom Vaughan: Yeah. So, in my own family,
Transcript: Tom Vaughan: Hello everybody, welcome to Monday. The S&P 500 was up a little bit more than 1.3% today, which was a really good move, very strong market all the way across the board. Friday was a really interesting day, obviously, a big down day, reacting to this new variant, this Omicron variant that
Transcript: Easan Arulanantham: What is the charitable remainder trust? You know, I’ve heard about it in the news a couple times, … what can I do with this? Tom Vaughan: Yeah, charitable remainder trust. Basically, you can place an appreciated asset. I’ve had clients that have sold properties, either current home or rental property. And
Transcript: Easan Arulanantham: So, this next question is another housing question. “What were your thoughts on buying a multifamily property as the first home and renting out the other units?” Tom Vaughan: Yeah, I’ve thought about that a couple times. And we really think it’s a great idea, especially for somebody who’s going into buy
Transcript: Easan Arulanantham: So this is a question that kind of pertains to “a lot of people have been doing remodels, kind of updating their houses. …Does that increase my property tax?” Tom Vaughan: Yeah. My personal experience with that the house that you’re seeing behind me here in this picture, here in Willow Glen,
Transcript: Easan Arulanantham: And so the IRS, do you think there would be ever a curveball where they tax Roth, um, you know, you can look up, that will happen to Social Security with what they call a provisional income now, and, you know, with that double taxation? Tom Vaughan: Yes, it’s kind of a
Transcript: Easan Arulanantham: “So, in the past, we’ve talked about three buckets of money. You know: The taxable, tax-deferred, and tax free; and it’s best to have all of them. “Why is it so troublesome, the majority of my retirement money in a tax deferred accounts, like your IRA 401k?” Tom Vaughan: …This question, and