Tom’s Thoughts on How Inflation Might Affect the Market Transcript: Katie Nealis: I’m concerned about inflation, when inflation caused the market to go down. Tom Vaughan: Yeah, what we call the Goldilocks zone. And so this is something you’ll hear all the time about the economy, where it is growing, you know, not too little,
Tom’s Thoughts on Maximizing Your Social Security Potential Transcript: Katie Nealis: So my friend told me I’m better off taking Social Security dollars rather than withdrawing from my IRA, because only 85% of my benefits may be taxable. Is this correct? Tom Vaughan: Yes, well, it’s correct in the taxation standpoint. So for example, if
Tom’s Advice for Paying the Price to Earn Money Transcript: Katie Nealis: Do you have any good tips to avoid capital gains taxes from investments, inheritances, etc.? Tom Vaughan: So first of all, from an inheritance standpoint, under current law, you get a stepped up basis. And this is something to really understand because I’ve
Advice for Chipping Away at Debt Transcript: Katie Nealis: I have a question in for Ethan asking I see outstanding debts, how do I pick which one to pay down first, and should I pay them all off? Easan Arulanantham: So there’s kind of two strategies that a lot of people talk about with debt.
Tom Believes You Can Invest on your Own – to a Point Transcript: Katie Nealis: How successful Can I be at investing on my own? Tom Vaughan:Well, I guess, you know, one of the things I look at is really just kind of size of the portfolio that you’re dealing with. I believe personally that
Tom’s Thoughts on a Potential Market Crash Transcript: Katie Nealis: So right off the bat, we have a question about, is there a chance the market will crash like it did in 2008? Tom Vaughan:Ah, well, yeah, there’s always a chance of crashes. You know, one thing about crashes. And here’s my analogy that I
Tom’s Thoughts on Investing During Market Volatility Transcript: Easan Arulanantham: So as you saw today, it’s been a bit of a rough red day today. And the markets falling. Yeah. What do you recommend we do or so to do this kind of market? Tom Vaughan: Okay, so first of all, the two things that
Tom Talks Pros and Cons of IRAs vs Taxable Accounts Transcript: Easan Arualanantham: In the day before, tax day, my accountant told me I could contribute $7,000 to my Roth IRA, I haven’t set up an IRA or Roth. And now I’m trying to learn more about them, you know, what’s the pros and cons
Tom Discusses Meme Stock Volatility Transcript: Easan Arulanantham: You talked about Robin Hood. And I’ve seen a lot of people make big profits and blessings mean stocks. And I know a lot of my friends and younger investors, there’s a draw to these stocks, do you have any tips and some of my tips would
Tom Explains the Differences Between Funds Transcript: Easan Arulanantham: What’s the difference between extreme exchange traded funds and mutual funds? Like pros and cons? Tom Vaughan: Yeah so exchange traded funds, are also known as an ETF, and a mutual fund. So mutual funds were first, they’re the oldest, they go back to 1920s, I