The Wise Money Show™

529 plans have traditionally been thought of and used as a college savings account. Thanks to recent law changes, the 529 plan is now a more versatile tax shelter tool in your financial plan. In today's episode of Wise Money, we're providing you with the top 4 ways you can use a 529 plan. Season 8 Episode 39 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave...

This episode explores the crucial financial decisions you must make regarding your 401k retirement plan. Gain the knowledge and confidence to navigate your 401k, 403b, or other employer retirement account wisely and make informed decisions that align with your retirement plan on this episode of Wise Money, joined by Retirement Plans Advisor Corey Johnson. Season 8 Episode 38 Have a question you wa...

If you own or manage a small business, you know running the company's retirement plan and benefits is complex and cumbersome. We're discussing the five challenges every business faces with their retirement plan and how to solve them during this episode of Wise Money, joined by Retirement Plans Advisor Corey Johnson. Season 8 Episode 37 Have a question you want to have answered on the show? Call or...

We're diving into the current banking crisis and how it can impact your finances, including savings, investments, and retirement planning. We're providing practical tips that can help you protect your hard-earned money in these turbulent times on this episode of the Wise Money Show. Season 8 Episode 36 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comm...

We're breaking down the key tax planning strategies that can be used to maximize tax deductions, credits, and exemptions and minimize tax liabilities. Learn how to take a proactive approach with your taxes and make tax planning a regular part of your financial routine for a better tax return during this episode of the Wise Money Show. Season 8 Episode 35 Have a question you want to have answered o...

It's graduation season, and the next generation is about to enter the workforce, start their careers, and start their financial life. We're providing the financial advice all graduates need to hear in our Wise Money Commencement speech during this episode of the Wise Money Show. Season 8 Episode 34 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!...

What is the best approach to help your children or grandchildren achieve their college dreams, even as the world of college planning continues to shift? Join us as we break down the most recent changes in college planning and provide you with practical advice on how to prepare, save, and guide your loved ones through the process during this episode of the Wise Money Show. Season 8 Episode 33 Have...

What happens to your 401k loan when you switch jobs? We dive into that and other financial questions submitted by listeners. Join us as we demystify the process and provide guidance to help you make well-informed decisions during this episode of the Wise Money Show. Season 8 Episode 32 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!   Want to sp...

Dive into the world of Social Security reform as we discuss the top 4 potential changes proposed by lawmakers. Learn about raising the retirement age, altering the benefit calculation, modifying payroll taxes, and means-testing benefits. Join us as we break down each proposal, analyze their potential impact, and discuss how you should plan for the future of Social Security on this episode of the W...

The SECURE Act 2.0 created many changes that will impact employers, employees, and their retirement plans. From expanded retirement plan access to increased flexibility in retirement savings, we will examine the key changes and what they mean for your retirement planning. With the help of special guest Corey Johnson, AIF®, we're covering that during this episode of the Wise Money Show. Season 8 Ep...

Accounting for over 70% of GDP, the consumer's financial condition is vital to the stock market and economy. After significant inflation and higher borrowing costs, is the consumer strong, or are they starting to crack under the weight? We're covering that and more on this episode of the Wise Money Show. Season 8 Episode 29 Have a question you want to have answered on the show? Call or text 574-22...

Every year before you finalize your tax return, you must ask yourself three crucial tax planning questions. From maximizing deductions to strategizing retirement contributions, these key questions can help you pay less tax and optimize your tax return. We're covering this and ensuring you're fully prepared for tax season on this episode of the Wise Money Show. Season 8 Episode 28 Have a question y...

Managing debt in retirement can be challenging, but there are ways to ease the burden. In this episode of the Wise Money Show, we'll cover tips and strategies for how retirees can take control of their debt to live a financially secure retirement. Season 8 Episode 27 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!   Want to speak with a Certifie...

Recent changes to Roth IRAs and Roth 401ks by the SECURE Act 2.0 are encouraging more Roth-style contributions. We'll explore these changes' benefits and potential drawbacks and discuss how they may affect your retirement savings strategy. We'll also share tips and tricks for maximizing your contributions and making the most of your retirement savings on this episode of The Wise Money Show. Season...

The SECURE Act 2.0 will impact every American's financial life and financial decisions. We're taking the issue head-on and helping you understand the biggest ways the SECURE Act 2.0 will impact your finances on this episode of the Wise Money Show. Season 8 Episode 25 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!   Want to speak with a Certifie...

As the 2023 tax season gets underway, it’s important to begin planning for how your tax picture will change as the SECURE Act 2.0 begins to be implemented. Helping us unpack the tax changes you need to begin planning for is special guest Ryan Fair, CPA. Season 8 Episode 24 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!   Want to speak with a Ce...

More and more people have an HSA-eligible High Deductible Health Plan and are funding an HSA. While we love the tax benefits that the HSA offers, funding an HSA right before transitioning onto Medicare can create some tax traps. We're helping you identify those challenges and know what to do to avoid these traps on this episode of the Wise Money Show. Season 8 Episode 23 Have a question you want t...

2022 was the most turbulent year in the stock market since 2008 and the worst year on record in the bond index. With such a challenging year behind us and most economists forecasting a challenging year ahead, what changes should you make to your investments for 2023? We're helping you with that on this episode of Wise Money. Season 8 Episode 22 Have a question you want to have answered on the show...

More and more people are paying taxes on their Social Security each year. What can you do today to avoid paying taxes on your Social Security in the future? We're sharing our strategies and more on this week's episode of the Wise Money Show. Season 8 Episode 21 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!   Want to speak with a Certified Fina...

What should you do with your finances if you are planning to retire in 2023? We're talking through the 5 items you need to focus on today to reach that goal during this episode of the Wise Money Show. Season 8 Episode 20 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!   Want to speak with a Certified Financial Planner™? Visit www.korhorn.com or...

Most economists anticipate a recession in 2023, so what steps should you take in your finances today to ensure you thrive in the new year, whether we face a recession or not. We're helping you with that on this episode of the Wise Money Show. Season 8 Episode 19 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!   Want to speak with a Certified Fin...

We've all made past financial mistakes; the hope is to learn from them and not repeat them. From a unique perspective today, we're helping you overcome common financial mistakes to avoid an unpleasant financial future. Season 8 Episode 18 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!   Want to speak with a Certified Financial Planner™? Visit w...

What habits should you be instilling in your young children, and how much help or support should you be providing to your grown children? We're providing you with timeless principles to help you raise financially responsible kids on this episode of the Wise Money Show. Season 8 Episode 17 Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!   Want to...

Retiring in the midst of financial turmoil can be a daunting task, but with the right strategy and comprehensive approach to your financial life, it doesn't have to be. Structuring your investments for a successful retirement is key. In this episode of Wise Money, we'll share insights on how to structure your investments if you're nearing retirement. Season 8 Episode 16 Have a question you want to...

As the end of 2022 approaches, it leaves just a few weeks to complete some essential tax planning before it's too late. Roth Conversions, tax loss harvesting, and depreciation planning are just a few that you need to consider before the end of the year. We're joined by CPA Ryan Fair to break down these items and more in this episode of the Wise Money Show. Season 8 Episode 15 Have a question you w...