Transcript: Katie Nealis: How is Social Security taxed? Tom Vaughan: So Social Security is taxed based on your combined income, which is your adjusted gross income plus your non taxable interest. So that’s kind of your Muni bonds, and then half of your Social Security benefits. And so if you’re below 25,000, as a single
Plan Carefully to Maximize your RMDs Transcript: Katie Nealis: I am 71, I’m going to take my required minimum distributions next year. How do they work? Tom Vaughan: So this is a very common question. Because the requirement of distributions are a little bit confusing and total. And they’re required. So you turn 72, and
Transcript: Tom Vaughan: Hello everybody, welcome to Tuesday. Today, the S&P 500 was up .1%. Bit of a rocky day, but basically what I saw today was that the infrastructure bill passing, kind of I think out did the virus growth concerns that were happening for today. It was kind of a big deal: It
Transcript: Tom Vaughan: Hello, everybody, welcome to Monday. The S&P 500 was down about .1% today. And we’re just continuing this kind of sideways motion that we’ve been seeing for the last couple of weeks, which is not a bad thing for what’s happening, after this kind of big run up we’ve had for quite
Cryptocurrency in the Market Transcript: Katie Nealis: Have you looked at Coinbase global ticker symbol coin? What are your thoughts? Tom Vaughan: Okay, so Coinbase went public not too long ago, and they’re basically an exchange for cryptocurrencies. And they had a phenomenal IPO that came out of the gate really, really hard. They did
Transcript: Tom Vaughan: I just like to start with the summary about what I saw happened this week, as far as that goes. And so this has been a very interesting week, in terms of what’s going on, and there’s a lot of different kind of cross currents that are happening. So let me share
Katie Nealis: So the first question we have is, we are 65 years old, and we are getting ready to retire. And our first question is, can we retire? Tom Vaughan: Alright, let me share my screen. This is a great question to ask, right? I mean, they’re not quite retired, but the right at
Dividends Only Offer So Much Protection Against Inflation Transcript: Katie Nealis: Would investing in dividend ETFs be a good hedge against inflation? Tom Vaughan: Investing in dividend ETFs means that you’re investing in stock market and the stock market is an awesome inflation hedge historically, what I just talked about, like during these hyper inflationary
Transcript: Tom Vaughan: Hello, everybody, welcome to Thursday. The S&P 500 was up a little bit more than .4% today. And really the big news was the Gross Domestic Product number that came out. So, the expectation was that we would see 8.4% growth in our Gross Domestic Product, which is kind of the overall
Transcript: Tom Vaughan: Hello, everybody, welcome to Wednesday. The S&P 500 was down .02% today, pretty much flat. Which actually isn’t a bad for a day when the Federal Reserve is meeting, because oftentimes we see some down days when they meet. They came together, they came out and said, “Hey, we’re probably going to