Transcript: Easan Arulanantham: The first question is kind of a common problem that a lot of our clients are having is, what do I do with a highly appreciated investment that isn’t performing very well in this market, you know, the markets down, but it’s performing worse than the market? Tom Vaughan: Yeah. So we’ve
Transcript: Easan Arulanantham: Will Required Minimum Distributions be counted as income when determining if the Roth income limits have been reached. So can I still contribute to my Roth even with some earned income, even though I have an RMD. Tom Vaughan: So a Roth IRA is an IRA that grows tax free, you can
Transcript: Easan Arulanantham: What are some industries that have some relative strength compared to the broad market? Tom Vaughan: So basically relative strength in terms of what’s happening in this down market, right? As far as that goes. So we saw a couple in the previous question where, you know, certainly energy has had relative
Transcript: Easan Arulanantham: What is an annuity? Tom Vaughan: In very simple terms, an annuity is a tax deferred vehicle. So you can take money and put it in to an annuity, and it will grow without any taxes until you take it out. That annuity can actually be inside of a retirement account. So
Transcript: Easan Arulantham: So what kind of contain possible contagion events do you see in the future? Tom Vaughan: Contagion events just means that something happened somewhere that creates problems for you. In the end, in 2008, the contagion was these credit default swaps as they were called. Lehman Brothers was failing. There were a
Transcript: Easan Arulanantham: Should I take money out of my health savings account, or a lot of people refer to it as HSA? Or should I just leave it and let it grow? Tom Vaughan: This is actually quite interesting. I’ve got a visual here, we can talk about what you can put in there.
Transcript: Easan Arulanantham: What is the annual gift tax exclusion, and How’s it different from the lifetime, lifetime gift tax exception, or exemption. Tom Vaughan: Alright, so we do have a visual on this. So we got this earlier. So you can give $16,000 per year, per person to. So for example, if my wife
Transcript: Easan Arulanantham: When do I need to start taking Required Minimum Distributions or RMDs? Tom Vaughan: Yeah, this is an interesting question. Lots of people have asked, it used to be 70 and a half. And so some people still think that’s true, it did change to 72. Right. So that’s good to know.
Transcript: Tom Vaughan: Hello, everybody, welcome to Tuesday, the S&P 500 was down 1.1%. Today, just kind of continuing the fall that started last Friday. From a technical standpoint, you know, we had some really important things happen over the last few weeks, we got really close to breaking through the 200 day moving average
Transcript: Tom Vaughan: Hello, everybody, welcome to Monday, the S&P 500 was down about point 7%. Today really just kind of a continuation from what happened last week, especially on Friday. So obviously on Friday had a Jackson Hole meeting for the Federal Reserve’s and then we had this speech eight minutes long, where Chairman