18 Burst results for "Victoria Wood"

"victoria wood" Discussed on Casefile True Crime

Casefile True Crime

05:28 min | 1 year ago

"victoria wood" Discussed on Casefile True Crime

"Jacob into mockery rush to the nearby village of Grogan to raise the the alarm Lorenzo's wanna-be sons to inform the local mayor while he stayed behind to look after the livestock the men notified let anybody authorities and place the coal to the police chief in meany use of the gruesome massacre spread quickly and bus six. pm a crowd had gathered at him to cough. APEC as authorities had yet to arrive and notably com Barron's took it upon himself to a school and visitors through through the property pointing out the bodies they went one neighbor cautioned him against allowing anyone else in in case they disturbed the crime saying the Lorenzo replied that they were already there and there was nothing hey could do about it. More people traipsed through the building with one guest reportedly pausing the kitchen to fix themselves snack. Five investigators were dispatched from unique along along with two tracker dogs but a slow journey meant they didn't arrive until one thirty a M as it was to dock for them to inspect Crime Sane Zane directed at the Mannheim until I ally they arrived to hint a cough back at five thirty the following morning with a fan Lorenzo should still watching over the farm lead investigator detective George Wrong Rubel and at the Bonn on the buddies of Zia and Victoria Wood beyond the threshold Andreas sincerely was through positioned by the wall where the rents instead left them all for had sustained fatal blows to this goal but there was no blood splatter anywhere except on the door that led to the stables opponents -pecting peacocks propped against the wall detective wrong gruber noted it was clean but took red brown spots on the handle for bloodstains stains. The wren's informed that detective hey believed this was the murder weapon and the cattle must've lifted. Clean investigators made their way into the kitchen. When I noticed the few blood spots on the threshold leading the maid's room in Saude God Maria was fully dressed into lying in the fatal position on the floor appearing as though she had been attacked before she prepared for bed there Arosa some small bloodstains in the hallway leading to the families bedrooms but there were no bloody footprints the room Victoria shared with her two children had been grain sacked with cupboard doors flung open and an empty US papers a notebook and a watch strewn across the bed but but no other areas in the house showed any Sohn's of burglary the roof of Joseph Stalin had been torn apart by a forceful blow and the killer had used one of Victoria skirts to conceal the boy's body he added Kebob. The ban investigators noticed his tae had been spread across the floor and featured several impressions as though one normal paypal headline there Bacon rhines as well as human. The next government were found in the corner. There were also some loose tiles on the roof that could be raised slightly to view the living quarters. Dr Outside as external doors to the property had been locked from the inside investigators wondered how the perpetrator exited at the building following the murders to police dogs were seventy out into the woods to track down evidence but nothing was found it had rained in recent days and much of the snow that had previously covered the ground had since melted away. Detective wrong grew noted in his report. There are no tangible clues about the person's sore offenders mm-hmm statements were taken from local residents including three men who discovered the crime scene Lebron Schlitt and Bella Jacob Siegel and Michael Pell Lorenzo insisted he hadn't let anyone else into the property off funding the buddies to spot several statements to the contrary Hey claimed the family had one hundred thousand marks in cash stashed on the premises yet investigators only found a five mar bill tucked away in a prayer book as such rubbery was the suspected motive for the massacre however the perpetrator ignored many valuables boost in the home including jewelry watches and more than twenty two hundred marks worth of gold and silver coins witness statements were used to piece together probable. Tom Line of events given SEALY's absence from school on Saturday April one. The murders were estimated demanded to have occurred between eight. PM and Eleven PM on Friday March thirty one experiments concluded that screaming inside the bond it could not be heard in the house.

Michael Pell Lorenzo Jacob APEC US George Wrong Rubel Grogan meany Lebron Schlitt Saude God Maria Bonn Joseph Stalin SEALY murder Dr Outside Zane Tom Line investigator Victoria Wood
Hong Kong discussed on Chappelwood Financial with Victoria Woods

Chappelwood Financial with Victoria Woods

00:24 sec | 1 year ago

Hong Kong discussed on Chappelwood Financial with Victoria Woods

"Peaceful protests in Hong Kong as tens of thousands of pro democracy demonstrators March again under a steady rain recent rallies in the Chinese territory have turned violent with police in riot gear firing tear gas protesters are calling for democratic elections they also want an investigation into the use of police

Hong Kong
"victoria wood" Discussed on KTOK

KTOK

06:25 min | 2 years ago

"victoria wood" Discussed on KTOK

"EDU slash cyber event. UM UC certified to operate in Virginia by chef. Welcome back to it's all about the money. Honey, I'm your host. They call me the financial diva Victoria Wood's here chief investment advisor chapel with financial services. And joining me as always as Mr. Damon king. He is a CFP professional and wealth management specialists at chapel would as well. Now, you know, we have been talking about. You know, the loss of a job, but I really liked to switch gears just a little bit for a moment Damon and talk a little football because everybody that knows me knows. I'm a big sports fan this past weekend. We all know that it was Super Bowl weekend. What one hundred plus million people around. I don't there's tons of millions possibly around the world billion. I don't know if there is a lot of people watching and it was played last weekend. And I love to see a guy liked to watch the human stories as well. We'll Damon he Poos those. Well, it gives you a lot of insight because like all the commentators were saying thirty to thirty four thirty to twenty four high scoring game, blah, blah, blah. However, it Don like all day y'all have been talking about defense defense defense is going to be a defensive game you focused on the defense and the quarterbacks the defense and the quarterbacks that's all you did all day everybody. And yet when it comes down to predicting the score at the end of the day. Before the game starts and y'all say thirty to thirty one thirty to twenty four. I just thought I don't think that after what y'all told me like y'all are all wrong. And guess what? Ron. That's what happens when the Rams get away from what got them there. Yes. I didn't get the ball to Todd Gurley was on my fantasy team. All your lawn was great. And then they didn't give him the boom. But I thought it was very comical. I really did. I thought it was a surprise because they acted like it was such a big surprise. Oh my gosh. After the game was such a low scoring game. But I kind of thought it was more like karma decisions payback for being so so unfair to my saints. Oh, yeah. They no, no. Payback is a bugger Thomas. What I'm telling you. That was so wrong. We're talking about that till the day we die that was just wrong. So that means though, what did we have to rely on for the Super Bowl? What is the hype all the talk about? And what is it the commerce? Yeah. Super Bowl commercials predicting who's going to get the number one commercial who's gonna love the favorite. We all love the Budweiser Clydesdale commercials. We did get one the clydesdales kicking the ball on my gosh in the snow. The one with the you know, the dog, and I mean, come on. We all love those. However, let's talk about the entertainment factor wasn't a little bit lack on that as well. I don't know about you. But I thought it fell a little flat, except, of course, my favorite commercial. And it was of the boys playing, but. Yeah, no. I thought one hundred years of the NFL. And I gotta tell you. I could watch that over and over again because you know, my favorite part of the whole it was great all the way through. But my favorite part was Baker sitting there next to Tom Tom's just getting antsy. He wants to get up and play and Baker says something to you. I says something like you think you can still do that old man or something like that. And then he hands them awful his severe here. Hold hold. These juniors. Super Bowl rings junior. Let me see what I look on. Baker's vases is. Priceless because all of those Super Bowl rings. But you know, you may think though that and if you didn't see it. I mean, they're jumping over tables during that, what do you call the three point says? Oh, yeah. Yeah. Yeah. But like, my momma always said, it's true boys will be boys. I don't care if they're grown men. Give him an opportunity, and they're gonna be boys. Now, you may think some brilliant advertiser came up with this this ad. No, no, no, no, no. You would be wrong because truly if you've been in the presence of the likes of let's say Heisman winner. Steve Owens, Ed foster, Steve Zabel, John Carroll and put the cherry on top and throw in a little Barry Switzer. Well, I can tell you. That's exactly what happens. I have been there. They have cleared a room. Get out of the way, these are grown grown man, pushing tables pushing chairs everybody knew what was coming. And here, they go, you know, it was just I have seen it. It was just like that Super Bowl commercial. And I don't think it's ever going to change. But there's another lesson to be learned here. Not just boys will be boys but Super Bowl commercials. What can we learn diamond about Super Bowl commercials over the years? Well, it's called inflation. There's a lesson of inflation is Super Bowl commercials. Think about this. And we're gonna talk about how think about how this affects your retirement account as well. But in two thousand and two I thirty second ad cost. An average of two point three million. Yeah, we got some expensive thirty seconds. Now in in two thousand nineteen that same thirty seconds, which we thought two point three men was just outrageous. That thirty seconds of a commercial cost you five point two five five million dollars. These are real dollars. You do realize is one hundred and twenty eight percent increase from two thousand and two to two thousand two nineteen count seventeen years. Oh my gosh. Regular inflation. Okay. Now, we're all going to be retired for seventeen years. So put please sect exactly thirty so regular inflation won't be that high and your retirement plan. You do need to plan on a minimum of three percent. So when we do projections for clients and say, you know, you've got including inflation when you're calculating how long is this money going to last me because what is the number one fear of every single retiree running out of money. You could ask I don't care if you've got twenty million one hundred million it's all relative, and every single person is fearful of the same thing when they retire, and that's running out of money. So let's say you have five hundred thousand now let's say seventeen years past.

Mr. Damon king Baker Victoria Wood Virginia advisor football NFL Todd Gurley Don Rams Ron Thomas Steve Owens Barry Switzer Tom Tom Steve Zabel Ed foster
"victoria wood" Discussed on KTOK

KTOK

02:22 min | 2 years ago

"victoria wood" Discussed on KTOK

"NewsRadio one thousand KT. Okay. Oklahoma's first news the following program. Does not necessarily reflect the opinions and viewpoints of the staff and management of this station. This is about us, Victoria, Wood's. This is about pain yourself. First business woman of the year. This is about life is full journal records. Fifty most influential women. It's not what you earn. But what you keep White House conference on small business. It's about education is expensive journal record innovator of the year. It's about no risk. No gain founder of women for financial independence about success. Sweeties exists governor's conference for women's martinsville's finish rich in she's the president and CEO of chapel would financial consistency will always out-perform, occasional brilliant. And she is the financial diva isn't bad. It's all about the mantle about, Victoria. Woods. Welcome to it's all about the money. Honey, I'm your host. They call me the financial David. My name is Victoria Wood's. A we are broadcasting live today. So guess what? It is open mic alive. You can give us a call here at eight. Oh, thank you diamonds. That's eight thousand with any of your money questions today. There are tons of people out here. You have got to come out the home and garden shows so much fun. You can come and meet us we are in booth number twenty four hundred just look at that is the Markham gardening booth here. So give us a call. But Markham's nursery, just add the son I loved that woman who sings the jingle. Yes, Gracie is that her name grace, grace grace, and she's such a you can come out here meter as well become buyer booth. Twenty four hundred give us a call eight four zero one thousand eight four zero one thousand and you can ask us your money questions with me here. As always my co host is Mr. Damon king. He is known to his clients says the king of finance.

Victoria Wood president and CEO Victoria Mr. Damon king Woods Markham gardening NewsRadio Oklahoma Markham White House Gracie founder
"victoria wood" Discussed on KTOK

KTOK

04:15 min | 2 years ago

"victoria wood" Discussed on KTOK

"Housing lender. Right. Member FDIC. Welcome back to it's all about the money. Honey, I'm your host. They call me the financial David. My name is Victoria Wood's. We are coming to you live right here from the beautiful divas studio at chapel with financial services. And joining me as always as Mr. king of finance himself, Mr. Damon king. Now, if you're just joining us, welcome to twenty nine teen. I'm still getting used to that. I think it sounds pretty good. Actually, I've got a lot of exciting things already on the books for this year. So I'm expecting a pretty exciting Rockin year for sure this new years is always think Saudi time because I love it. I love starting something new, you know, you can start with a clean slate. You get to plan what I call. I do it all the time, but goal settings my favorite thing. But resolutions goals and planning I love it. The problem though, is with with where we are in our world is that not everything starts over. Some things we got to kind of drag along with us and that happens from two thousand eighteen which happens to be the volatility of the market now, we're going to be dealing with this all year. So the most important thing you can do is be sure so you can go on with your life. Go to work take your vacations plays your kids, do the things that you enjoy summer's gonna comback believe it or not you're gonna wanna play some golf the best thing. You can do for yourself is make sure that you are presumed properly through the year proportionately with a great plan. So you can go and live your life. It's as simple as that. Then you had in align yourself, get a second opinion. Be sure that you are prepared for whatever happens out there in Christ land because guess what there's already crazy happening. I mean, Elizabeth Warren is going to. She's got the thing going list with Boris coming after us. So I mean, that's it's going to be going to be her. How how many how many candidates do you think they're going to be by the time? It's all said there's going to be so many that we're gonna see a field of fifteen fifteen. Okay. Well, we'll get to. But look how many look how many Republicans there were in the ticket. Yeah. They're so there were quite a few obviously, they got weeded down as time went by. But yeah, I fully. Well, I do too. And I'm saying, you know, it's already started the election isn't until next year right people. But guess what? It's already started. So that's gonna that's also going to play into people's emotions. So I'm just saying be prepared. So how 'bout talking about protection? You talk about protection. How are we going to protect ourselves this year? And what do we mean by protection, particularly when it comes to your money? A lot of people think well bonds are protected money. Right. So that's why have bonds in my portfolio. So that they're less volatile. Stocks in which they are. And if you are accumulating, you're in your twenties, your thirties your forties. Maybe even still your fifties. Let's face it. You're going to have bonds probably all the way through the rest of your life. But bonds by their nature are not total protection. We'd say protection around here. We're talking total protection bonds are still investments in the stock market. Their value can go up. It can also go down. Correct. The kind of protection we're talking about is the protection that only goes up, but never goes down. How is that possible? Well, that's possible through some very simple, tools strategies that have been around for literally thousands of years south, and they're called fixed and index to nudity is now the index annuities are hybrids, they haven't been around for thousands of years, but the concept of a fixed annuities been around since the Romans. Oh, yeah. And the way it worked was a Roman soldier would go out. Okay. Now, let's say this story was a man. All right because usually they were men fighting, right? They didn't allow women to fight in the military. So the Roman soldier would go out and fight. Well, what if he was killed in battle? Well, the Roman government set up the special account that said all right? We're gonna put some money in this account. So that your widow and your children can get money received money for.

Elizabeth Warren Victoria Wood Mr. Damon king FDIC Boris
"victoria wood" Discussed on KTOK

KTOK

10:49 min | 2 years ago

"victoria wood" Discussed on KTOK

"Host. They call me the financial David. My name is Victoria Wood's in the studio as always with Mr. Damon king and our vice president of security, our mascot, that's Reno. So when you hear the little jingle jingle jingle. That's our buddy in our pal in our boy reindeer. You know, the word Rino Rando Spanish for reindeer. Did you know that? Reno's name in Spanish means running gear. I did not know that. Well, let's get information have now if you're looking for this second opinion, you're over fifty five maybe you're close to retirement over maybe you were already retired gave Shelley Mayer call right here at our office. She will share with you are very unique processes, so you too can rock your retirement. Call four five three four eight zero nine zero nine that's three four eight zero nine zero nine. There is no doubt that volatility has returned to the real world market this year. And if you haven't noticed good job, you haven't been sucked into what everybody else's sucked into and that is self destruction are self sabotage. Because that's what happens watching your 4._0._1._K everyday. If you haven't been sucked into that good job. Now saying that volatility has returned is a little misleading twenty seventeen was not normal. And let's be honest. We got a little spoiled rotten. This is the real world. What you want to understand is? That volatility has always been always will be part of being an investor. What you're saying? Now is just normal last year not normal this year, very normal. But it still can be a little scary. It's can be frustrating. It can be confusing because let's let's be honest. You know, doesn't feel good. Now. Today's show we're going to share three key reasons. Why volatility has picked up because knowledge is power and knowing it was like, okay. This makes sense to me. It's just not the market doesn't like me. No, everybody. How are we reacting to this volatility in this streak in that s? I mean, that's us. How are we reacted to that? And why we think the next recession could be another eighteen maybe twenty four months away last, but not least five tips for recession proofing, your retirement portfolio. So you don't get a stress you don't do dumb things during this multi volatile time, so Victoria, let's talk about what exactly has happened this year. So we were coming off a record setting twenty seventeen you just mentioned it. In fact, it was so record-setting not one month during last year had a losing month for the S and P five hundred that's an anomaly that doesn't happen because it's never happened. It was the first time in our history. Nations history that had ever happened. So, you know, moving into two thousand eighteen there really wasn't anywhere to go. But down. When you're on top of Mount Everest. There aren't too many other higher places to go on land. So that's why you know on on Q almost at the beginning of January late January this year. We saw ten percent market correction. We were fat and happy at the end of two thousand seventeen came back down to earth at the beginning of this year. And then after that we had a period of pretty decent growth all the way through September thirtieth. So you open your statements on September thirtieth and you're thinking, oh, wow. The world is looking great. I'll right and in October happens and October's typically called the cruelest month. The hawks over historically has been a bad month for the market, and we saw another normal. Yeah. Normal normal. We saw another ten percent correction in October. And since then and here we are in just a couple of weeks from Christmas and the markets has been bouncing around wildly trying to figure out what to do with it. So yes. Five hundred points down in under points. I mean, it's like the spoiled child. I don't know what I want for Christmas. I don't know if I'm going to be nicer naughty. I'm just that's exactly right wild mood swings for the market for the year, the S and P five hundred is down one point three eight percent now considering everything that's been going on. That's really not that bad. But here's the problem. Most of you listening have assets that are outside the S and P five hundred five hundred chart tracks only five hundred stocks, and they are large US companies. Now, if that's all you have then okay? You're going to be down one point three eight percent for the year. But most of you are more diversified than that are you should be. You should you've got mid- and small-sized companies. We've there's another index called the Russell two thousand index that tracks mostly smaller and mid sized companies. Well, let's down almost six percent year to date. All right. Then you got international stocks. Those index indexes are down sixteen percent for the year. You've also probably got. Bonds, particularly if you're closer to retirement, and so many of our clients do because they are either in retirement close to retirement. Some you're going to be more conservative twenty. You're not thirty anymore. You need to do a better job of protecting the assets that you have no work so hard to save. So if you've got bonds, well, you've probably been hammered because interest rates have gone up and when rates go up bond values, go down. So if you're looking at your account statement right now, and you're wondering why have I lost so much more than the S and P five hundred. Well, it's because you're taking that risk. Right. Well in your more diversified on you, you're more diversified than the S and P five hundred which generally seven times out of ten is the best thing to do. It. Just happens that this year diversifying outside the S and P five hundred has hurt. Exactly. But you've got to do it. Yes. Timing the market. Have you tried to time it you're gonna lose every time long-term now, that's what has happened. Now. Why has it happened? Because as we said earlier knowing why it hap-. Is going to give you confidence and help you understand. So first of all there's three factors that have caused by Tila t to just ramp up this year. Okay. Number one. And it's always the same thing. It's fear of increasing inflation this is what caused the correction at the start of the year. What happened is in people? It's going to continue because the fed loves to come out in scare everybody and say, okay, we're going to have a meeting and in this meeting. Our anticipation is we're going to raise before it ever happens. They're out there. Putting? Scaremongering you to death out there. So the thing is is that's the number one thing inflation has actually come down a bit to just below two percent. That's so bad. Yeah. Not bad at all. So number two. It's always that same thing as well. And that's geopolitical fears. They think we're gonna investors out there are scared to death because I listened to the media's well, and they're scared about China, a war with China, the midterm elections feared people still are actually the fears over still we're talking about Russia and North Korea. This had been hanging over a head. It seems like for two years at least. But it's for sure this year, it's constant barrage of this kind of scare tactics that keep people emotional number three fears over the rising interest rates. No interest rates are going up and at their December meeting as I just said, we fully expect the fed to raise rates and raise it about a quarter. Of a point. Because that's what they've been doing the fear is that the fed will raise rights too high too quickly. And that's really what the market does not like, the we're going to share with you the reasons for optimism knowing the facts, it's the fundamentals. I've always said when people have facts, they comes their fear and their their confidence comes back because it's like, oh, it's not that bad when you point out that it's one percent. But that's if you're in the S and P five hundred if you're properly diversified. Yes. It should be more than that. But you have what we call that risk tolerance. And it it tests you as an investor what can I really stomach, and it all depends on typically, what age you are in what process are, you know, where are you in the the flow of things M I accumulating am I trying to preserve or am? I in distribution those three things, and it it depends on your age. It depends on your income. It depends on your health. It depends on what phase you're in. Well in the bottom line is you should never base your total retirement philosophy off of just one year. Not not one year when the market zooming like last year and not one year when the market is down like it is this year, and when the market is acting like this, it seems like there's nowhere to go for safety. In fact, most of the sectors of the S and P five hundred and the bonds there really wasn't a where to go. There has been no where to go for safety. And it's at times like this that you need a partner that can help you stay focused on the big picture that is if you are within ten years of retirement plate or you're retired already chapel would financial can help you stay disciplined. Restore order and control that you may be feel you've lost. And that's why we have something that we want to offer you today. This always helps. Yeah. You've heard us say on this show. Many many many times it will continue to say this is that our focus on is on mid tier millionaires and our solutions work best for those mid tier millionaires. But we've also heard a stay that, you know, we know. That there are people out there that want to get to that millionaire status, and we want to help them do that and in doing so if you say at least five hundred thousand in investable assets, we are in a position now where we can help only two families per month going forward. So I would get in that pipeline pretty quickly so only two families per month. So if you saved at least are, you know, someone who is saved at least five hundred thousand for retirement, and they're not confident ensure that they're in the best place. They can be give us a call in the next fifteen minutes at four zero five three four eight zero nine zero nine that's four zero five three four eight zero nine nine get that second opinion have the confidence that our clients hat. Shelly. My our director of client services, she'll be happy to explain to. You are unique processes in what it takes to get that initial consultation. So that you can have a review and know that you've done everything you possibly can correctly, and to speak to the fact that you know, we can only hope those families per month were already booking. Appointments into next year. Folks, we filled up our calendar through the end of the year. So we're not taking any new appointments beyond scheduled for the end of the year. So we'll have to be the first part of January, but you want to call now to get that scheduled because you know, we need some information from some point we're coming up next. We're gonna share how we are reacting. That's Champa wouldn't financial reacting to the current market temper tantrum. And it might not be what you expect. You're listening to it's all about the money. It used to be okay.

fed Victoria Wood China Shelley Mayer Reno Mount Everest US vice president Mr. Damon king director of client services hawks Shelly Champa partner Russia North Korea one year
"victoria wood" Discussed on KTOK

KTOK

02:50 min | 2 years ago

"victoria wood" Discussed on KTOK

"Financial diva. My name is Victoria Wood's in the diva studio here was Mr. Damon king. They call him the king of finance. He's also wealth management specialist right here. At chapel would. Thank you so much for making us the number one financial show. There's so many of them out there. And we appreciate it tremendously. If you're just now joining us, we've been talking about some things, you know, and how some things changed in some things. Stay the same retirement planning has changed. Unbelievably in the last thirty years, even honestly Damon in the last since the financial crisis, but really you'll nineteen eighty s dramatic nine hundred ninety s dramatic, and then, you know, twenty twenty eight was big. So a lot of people really changed the way they invested or maybe improved the way they were investing. Now we operate as everyone knows in a global market. I remember the days on the radio when people would call me and ask me that what do you think about China? Well, I let China why roles. But everything is interconnected. Now the world is flat. If you didn't read the book, I'm sorry, you missed out. But the world is flat. One thing though, that hasn't changed or will ever change in. It is innate in all of us in. It is the fear of running out of money. So coming up, we're gonna reveal nine common ways to go broke in retirement. Maybe we're going to help you avoid that. If we tell you how people go broke, maybe you'll go. Okay. I don't wanna dad rather not do that. Let's do something different man. What are some of the most common ways that people actually go broke? Well, you know to your point earlier you said about the fear of running out of money while the most frequently reported retirement worry, according to a study by the TransAmerica center for retirement studies. It's the worry about outliving savings and retirement across all ages. Fifty one percent of respondents side of this concern and forty one percent of retirees claim the same fear. So, you know, a lot of people think well, you just go broke because he didn't save. Well, that's only one way, but we've got nine others that maybe you're not even thinking about and they're so simple. You're probably doing some of this right now. Number one, you abandon stocks the stock market even with all of its warts and growing out of the wards on their face and stuff like that. It's still the best place that we have found to get long-term growth that can both beat inflation and support an income plan over thirty years of time. So I mean, unless you're ninety five years old, I guess, and you feel like my final exam is just next week. So, you know, then you're never going to really outlive your need for the stock market in some way, because it's just too difficult to turn outpace inflation with a lot of the guaranteed sources of income on the flip side..

Mr. Damon king Victoria Wood China TransAmerica center thirty years Fifty one percent forty one percent ninety five years
"victoria wood" Discussed on KTOK

KTOK

02:50 min | 2 years ago

"victoria wood" Discussed on KTOK

"Financial diva. My name is Victoria Wood's in the diva studio here was Mr. Damon king. They call him the king of finance. He's also wealth management specialist right here. At chapel would thank you so much for making us the number one financial show. There's so many of them out there. And we appreciate it from mendaciously. If you're just now joining us, we've been talking about some things, you know, and how some things change in some things stay the same retirement planning has changed. Unbelievably in the last thirty years, even honestly Damon in the last since the financial crisis. But really you'll nineteen eighty s dramatic nine thousand nine hundred twenty twenty eight was big. So a lot of people really changed the way they invested or maybe improved the way they were investing. Now we operate as everyone knows in a global market. I remember the days on the radio when people would call me. Me and asked me that what do you think about China? Well, I like China why roles. You know that everything is interconnected. Now the world is flat. If you didn't read the book, I'm sorry, you missed out. But the world is flat. One thing though, that hasn't changed or will ever change in. It is innate in all of us. And it is the fear of running out of money. So coming up, we're going to reveal nine common ways to go broke in retirement. Maybe we're going to help you avoid that. If we tell you how people go broke, maybe you'll go. I don't wanna I'd rather not do that. Let's do something different Sulaiman. What are some of the most common ways that people actually go broke? Well, you know to your point earlier, you said about the fear of running out of money. Well, the most frequently reported retirement worry, according to a study by the TransAmerica center for retirement studies. It's the worry about outliving savings and retirement across all ages. Fifty one percent of respondents side of this concern and forty one percent of retirees claim the same fear. So a lot of people think well, you just go broke because he didn't save enough. Well, that's only one way, but we've got nine others that maybe you're not even thinking about and they're so simple. You're probably doing some of this right now. Number one, you abandon stocks the stock market even with all of its warts, and there's growing out of the wards on their face and stuff like that. It's still the best place that we have found to get long-term growth that can both beat inflation and support an income plan over thirty years of time. So I mean, unless you're ninety five years old, I guess, and you feel like my final exam is just next week. So, you know, then you're never going to really outlive your need for the stock market in some way, because it's just too difficult to turn outpace inflation with a lot of the guaranteed sources of income on the flip side..

Mr. Damon king Sulaiman Victoria Wood China TransAmerica center thirty years Fifty one percent forty one percent ninety five years
"victoria wood" Discussed on KTOK

KTOK

05:35 min | 2 years ago

"victoria wood" Discussed on KTOK

"Welcome back to it's all about the money. Honey, I'm your host. They call me the funding. So even my name is Victoria wood. And with me as always is Mr. Damon king, his clients, call in the king of finance Damon is a CFP a wealth management specialists and also an adjunct. Instructor at many of our local, universities and schools. Otx your everywhere diamond. I try to be trying to be omnipresent. I found that that really only works out for God. It doesn't work out for for me. So. Now, how would you like to earn instant eight percent Damon? How would you like to do that on your region? Okay. I'm done. I mean, take it. I mean to earn guaranteed an instant eight percent return on a portion of your money and protected totally from all loss. Now that sounds too good to be true. Well, as a matter of fact from November sixth of this year through January fifteenth twenty nineteen you can share in market gains without sharing in market losses. So no matter what happened like what happened in October at little blip in the road of ten percent. You can actually earn eight percent bonus on your money on that money that you want to set aside. This recent hiccup in the market may have you thinking about protecting. Some not only did we talk about an people are asking about four one K and Roth conversions and in all this week. Everybody's getting a little anxious about the market rightly so with midterm elections and all coming up, but we just had so people are asking when should I take some money off the table is it should I be considering this do I have enough of my assets protected? So the strategy we use every day it to protect millions in retirement savings is a simple one. And for a limited time, you can get an extra eight percent to your count Geir run T. So you're saying that if I want to. Basically if I wanted to protect half a million dollars. I put five hundred thousand dollars into the strategy. I'm going to get what does that forty thousand dollars, basically added to my count editor five hundred becomes five hundred forty thousand instantly instantly. Then you earn whatever interest rate between for the next twelve months on that money very much like a CD from a like a one year CD, you will earn interest on that. And it's locked in. So if the market goes down, you don't lose the forty thousand and you don't lose whatever interest that hurt. I don't lose any of their principle that you put it out. So you can I mean it could be four percent. Six percent. We've seen eleven percents this year. So that's other than most people would take an eight percent return. Last year was great. But this year's been kinda flat. But eight percent sounds pretty good sounds pretty good to me. I listen four percent. Sounds good to me keeping up that inflation protecting my assets, you know, when the market could go down. Absolutely. So if you're just joining us today depositing money into your 4._0._1._K. That's the easy part. That's the easy button getting your money out. Well, that's a totally different story. And if you're not careful you could give up a lot of your hard earned dollars really to Uncle Sam. If you do not have a good strategy and a plan going into the effect when you start withdrawing it when you get ready to retire because that is one of the questions that we get they'll say, Victoria, you know, I've saved all this money all this year. All these years. I've had this great paycheck coming in. How do I get my money? It's always like, how do I get it? The first of all you've got to come up with a strategy at an income plan to make sure that you're very taxi officiant with low income. That's that's what we do here. And if you want an income plan, I gotta do is call four zero five three four eight nine nine. We'll get it in place. Flying Christie says I don't worry anymore. I love back up my income plan. I don't worry more, and you review your income plant, very audibly. Thanks laois. Life happens things change. So the inventor of the 4._0._1._K who got the section of the tax code created. His name is Ted bene-, and these widely considered the father of the 4._0._1._K and in September nineteen eighty he was working for the Johnson companies in Philadelphia. Now, this is a company that does work place benefits consulting pension plans things like that. And at the time he became really fed up with corporate clients. So the companies that were only interested in getting the maximum tax break for themselves while doing as little as possible for the people that worked for them. So he helped to turn this little known little noticed new subsection of the tax code into the least likely of household names. And it's the 4._0._1._K. And while today Damon that we take for granted that we can sock away all this money into our 4._0._1._K's, which means pretax dollars for retirement. You know at the time pensions were all the race. You know, all the rights and in companies companies, you know, saved retirement dollars for their employees in a pension plan. And Ted wasn't even sure if the IRS was going to approve this new law right now. And and even if it did there are very few people who believed that it was going to replace pensions as you said pensions were the bed rock by what my pension. Nothing's going to replace that. Well damon. I remember there were far more naysayers like anything else. Everybody wants to shoot down some idea then supporters at first most of the big investment firms even called it a scam. They said, oh, this is just a scam. It's not gonna work the IRS wouldn't even approve the full tax code language for another ten years took ten years for..

Mr. Damon king Victoria wood IRS Ted bene Instructor Geir Victoria editor Christie Philadelphia eight percent ten years five hundred thousand dollars forty thousand dollars million dollars twelve months four percent Six percent ten percent
"victoria wood" Discussed on KTOK

KTOK

02:17 min | 2 years ago

"victoria wood" Discussed on KTOK

"Strive with us? Frappes? Your ideal Bank is actually a credit me a credit union. You have an old car taking up space be a hero and support. Our nation's veterans by donating your car to the purple heart foundation, your car donations to the purple heart foundation helps all veterans get the benefits. They've earned and deserve. Donate today. It I heart purple heart dot org. Yourself first businesswoman of the year. This is a bad life is still choices journal records. Fifty most influential women is about it's not what you earn. But what you keep White House conference on small business. It's about education is expensive journal record innovator of the year. It's about no risk. No gain founder of women for financial independence about success. Sweet success governor's conference for women's smarten Earls, finish rich, and she's the president and CEO of chapel would financials about consistency will always out-perform, occasional brilliant. And she is the financial diva is about it's all about the money, Victoria, L woods. Welcome to the weekend. And welcome to. It's all about the money Honey here on NewsRadio one thousand K T. Okay. I'm your host demon king. My clients. Call me, the king a finance a wealth management specialist and certified financial planner professional with chapel would financial services. The financial leave Victoria Wood's is traveling on business this week. And so she'll be back with us next weekend. Well, retirement is a one time thing you don't get a chance to practice retirement over and over and over it's one shot you get one shot, and that's it. So you gotta make account right? If you make one little mistake one thing out of place, you do something at the wrong time. It could cost you thousands and thousands of dollars. It could even force you to go back to work, which is what none of us wants to do unless you want to the things that wind up costing so many people so much money are the little things that come out of seemingly nowhere. This is what we see happen a lot. For example. Everything's rolling around rolling along.

purple heart foundation president and CEO White House Victoria Wood NewsRadio founder one thousand K
"victoria wood" Discussed on KTOK

KTOK

02:16 min | 2 years ago

"victoria wood" Discussed on KTOK

"They told me door ABC be taken kill. We can never repay sage for what they've given us because of you had the because. There is Saint Jude following program does not necessarily reflect the opinions and viewpoints of the staff and management of this station. This is about us. Woods. This is about paying yourself. First business woman of the year. This is a bad life is full journal records. Fifty most influential women was about it's not what you earn. But what you keep White House conference on small business. It's about education is expensive journal record innovator of the year. It's about no risk. No gain of women for financial independence about success. Sweet success governor's conference for women's smart girls. Finish rich. She's the president and CEO of chapel would financial consistency will always out-perform, occasional brilliant. And she is the financial diva. It's all about the money Viktoria woods. Welcome to the weekend. And welcome to. It's all about the money Honey here on NewsRadio one thousand K T. Okay. I'm your host demon king. My clients. Call me, the king finance a wealth management specialist and certified financial planner professional with chapel would financial services. The financial diva Victoria Wood's is traveling on business this week. And so she'll be back with us next weekend or retirement is a one time thing, you don't get a chance to practice retirement over and over and over it's one shot, you get one shot, and that's it. So you gotta make account right? If you make one little mistake one thing out of place, you do something at the wrong time. It could cost you thousands and thousands of dollars. It could even force you to go back to work, which is what none of us wants to do unless you want to the things that wind up costing so many people so much money are the little things that come out of seemingly nowhere. This is what we see happen a lot. For example. Everything's rolling around rolling along.

president and CEO Viktoria woods Saint Jude ABC Victoria Wood NewsRadio White House one thousand K
"victoria wood" Discussed on KTOK

KTOK

01:41 min | 2 years ago

"victoria wood" Discussed on KTOK

"I'm your host. They call me the financial David. My name is Victoria Wood's. Now. Let me tell you. I'm in the studio here with Mr. Damon king. Yes. The Davis studio right here in Edmond, Oklahoma, at chapel would financial services now today, we're going to talk about something that we all know I love and that is travel. So no, not really really gonna talk about finance. But let's start off with travel. We all know I love to travel. If you ever get the opportunity, you really wanna go to Japan consider a visit to to Okinawa valley island Scotland island Damon, and it has got beautiful because it's an island. Of course is beautiful. It's got beautiful nature. It's got a fabulous culture. It has the highest concentration though, did, you know, this name of people who live over one hundred the highest concentration is on this one little island more so than any other place on planet earth, right? Residents tend to live much. Longer suffer fewer diseases and enjoy more years of good health than most other places in the entire world. Why would that be some of its nature Kanawha is, you know, has abundance of things like fish abundance a fish? It's an island. It has tonnes of fresh vegetables. And of course, we all know that eating healthy lifestyle is going to help you live. It's a good diet. Right. Some of it isn't nurture though, because the culture has developed in such a way that family is placed above all other concerns. Well, I guess if you lived on a beautiful island have all the fish and fresh vegetables, it would be it's easy to make family most important, but physical activity as well as just part of their life.

Victoria Wood Mr. Damon king Edmond Okinawa valley Japan Oklahoma Davis
"victoria wood" Discussed on The Guilty Feminist

The Guilty Feminist

02:40 min | 2 years ago

"victoria wood" Discussed on The Guilty Feminist

"The folks love Victoria Wood's. So I really want to talk about, I'm St.. I've been working in Kelly with refugees recently, and I'm really excited to say our listeners, if you want one of our listeners. Thank you so much. Firstly, you love to leave the house. You're brilliant coming out and you're brilliant helping and working and help refugees have said to us that we did a cost there. I just went out there one day with a record. I just did an episode of my own with twenty-five volunteers around the table and we talked to them, but we talked about the nightclubs. They go to out there and the fun that they have. And also some of the the funny stories, one of them said one of the volunteers that I'm a feminist Bont my lowest moment in Kelly was when a refugee said to me, do you dress like that? Insularity with us. It was so lovely this episode because I think just made it really, really accessible because they said, well, I I don't know. know. I'm not trained. I didn't know haven't volunteer before I was teaching, came out holiday still thought I'll do it for two weeks. And then I ended up staying and taking sabbatical other people saying community here for months, and then I'm going back to my real life to do something else. But I'm going to come out on weekends now because I'm really enjoying it and it made it so acceptable that help refugees stuttered messaging me and saying, oh, the morning briefing, third of the new volunteers are here because of the guilty feminist. And then I got one saying half of the volunteers are here because of the feminists. And then recently I got every single person in the morning briefing was here because they heard about it on the feminist. It's not, that's that's you. That's your. The kind of people who listen and they want to do something and it's easy for us all to want to do something. It's hard to do the thing you think of mind, the kind of person. And I think a lot of it is just making it easy for people who want to do the right thing who want to change the world. And I often think if everybody knew one refugee, the refugee crisis would be over because there are millions more people with homes here in Europe. Then there are refugees and you just need everybody to know somebody a one family advocate for that person. Because if you did have a friend who was currently and Kelly and their passport have been taken away and they were stateless and they were sleeping in the mount and the the French military police just come along stolen their hint and smash their phone deliberately which is what's happening if they were there, or if there was a family new with small children, there are so many families, small children out there camping at the moment, and the Sierras come and take everybody's. Leaping bugs, including tiny children's sleeping bags because they want to make it a hostile environment, and Theresa May has paid for a lot of security out there. So we knew a family. If you personally knew what makes of yours, you wouldn't let.

Kelly Victoria Wood Theresa May Sierras Europe two weeks one day
"victoria wood" Discussed on KTOK

KTOK

04:22 min | 2 years ago

"victoria wood" Discussed on KTOK

"Welcome back to it's all about the money. Honey, I'm your host. They call me the leave leaving my name is Victoria Wood's. Thank you for making our show, the number one show. Listen to right here every single weekend on Saturdays and Sundays I'm joined by my co host known to his clients is the king of finance. This is Mr. Damon K is a CFP professional and wealth management specialist right here. At chapel would financial if you've just joined us, we're talking about risks day and risk is risky more. Specifically, though, we're talking about managing risk with insurance. We all know life is full of risks. Just knowing that you're going out the door in the morning is risk getting out of bed. Sometimes it in the floor is a risk but living like a hermit isn't really too appealing. Right. So you have to face those risks but take steps to protect yourself. Now, we had a situation this week where one of my longtime favorite tough guy. Guys named Bob hauled up. And he had a re this is this is what we do. We teach our clients to call us. It isn't call us since I I want to buy this stock. It isn't call us and say, oh, I got this 4._0._1._K to rollover know, everything you call us and Bob a smart enough and has been trained properly to don't do anything until he picks up the phone and call. Yeah. Well, and he called us about his health insurance. And Bob him. We are his investment advice. Right. We take care of all this other stuff for him too. But he knows enough to call us about this. He didn't even he got all this stuff in the mail. Okay. So here here's the setup. Here's the deal. Now, Bob is not an old, man. Okay. Bob is in his early sixties. He's still working and he's a cutest little daughter and granddaughter never seen. And so he he he has retired. But he continued his retiree health insurance. So the health insurance that he had through his. Old and his former employer. He has continued that he's been paying for it. Well, it gets all this stuff in the mail, Victoria and say your coming up fifty five years might as well get a bigger mailboxes. He get moral and Bob is he's about to turn sixty five. Okay. So what does that get even more? What does that mean? What is the significance of turning sixty-five date? And it's it's about Medicare. Okay. So Medicare kicks in at sixty five that's the age that which you are eligible for that. Well, his health insurance provider know that so they sent him this information saying, Bob, if you want to continue this health insurance, here's what you need to know because when you have Medicare, and you have health insurance from a former employer which insurance pays I Medicare pays I and so your health insurance your retiree health insurance. They want to coordinate those benefits because they wanna make sure you've got Medicare. And then we'll pick up the problem for Bob was that he had all these choices. I mean, they sent him a booklet of like sixty pages. You know, I know you could've you could've done this on one page, which we get paid by the pay by the pound. That's like financial plans. You know people. I made this financial plan for this person's charging by the pound because I mean, it's like five pounds. Always gonna read. Repair. Exactly the so even for me. Okay. I look at this stuff all the time. But even for us when we've got all this documentation, we're looking at. So what do I do? You know, you just gotta wait it out. Instead of getting overwhelmed we start height. You know, we started highlighting things we look things we make a list of questions to Bob not the whole world. Exactly. So Finally, I just said Bob we're going to have to get on the phone. Let's call your benefits office. Let's just talk to them. I know the questions like you say, I spent Greek Greek you, speak English. In fact, he said that when we conducted the call he's a boy, I'm glad you guys know what you're talking about. Because I have no clue. I said don't worry, Bob. I got you covered. So we got on the phone. We asked our questions, and that sort of thing really the the answer came down to he had the choice of staying with a Blue Cross insurance or United health insurance..

Bob him Medicare Victoria Wood Bob Mr. Damon K Blue Cross fifty five years five pounds
"victoria wood" Discussed on KTOK

KTOK

07:50 min | 2 years ago

"victoria wood" Discussed on KTOK

"To weaken financial show here on KT. Okay. The financial David Victoria Wood's is out this weekend on business, but she will be back next week. In the meantime, thanks again for giving us a little bit of your time today. Well, if you're just joining us we are talking about key year end tax moves that you should consider now to prepare for tax season. I know tax day is all the way on April that seven months away, but in order to make your tax day, far less painful, you need to make key tax decisions and moves before the end of the year by December thirty first and here in fall with a few months left in the year. It's a good time to take stock of where you are tax wise and make any last minute moves while you still have time. And the good news is these strategies that we're talking about today are not complicated. They're not sophisticated. You can understand and use these to your advantage to make tax season a little less stressful. And of course, before implementing any of these strategies, you should consult your tax professional tax expert, who is a CPA, tax preparer Victorian. I are not CPA's nor do we hold ourselves out to be CPA's. We do not give tax advice. However, we discuss these tax strategies with our clients and with you because they matter they're important, and you need to work with your financial advisor, your investment advisor, and your CPA to make sure that everything is working and functioning properly now one of the most common questions that we're getting right now in light of reductions to the tax rates for now. And for the next few years is should I consider a Roth IRA conversion? And again, the reason for that is because tax rates for many Americans have reduced now in through two thousand twenty five. So let's begin by discussing and explaining what a Roth conversion is. When you save money in a qualified retirement account that is before tax. This is a 4._0._1._K your four zero three b a TSP a pension the teacher retirement, a traditional IRA, the one thing that these account types have in common is that they are before tax accounts. You put money in them before tax or money is put in them for you before tax, and you don't pay the taxes on that money. Now, you defer the taxes that you owe on that money to a future date, and as we've already discussed the latest, you can defer those taxes right now is age seventy and a half that number could go up here in the next year or so if. President Trump has his way. But right now as far as we know it's going to be seventy and a half, essentially, what you're doing you're electing to take the tax benefit upfront, and then pay the tax later when you take the money out, and that's really the choice that you get to make when it relates to taxes. Do you want to pay the taxes now or later? That's the simple decision that you have to make. But what if you chose to pay the tax now and get the benefit later what if you choose instead to put in after tax money right now. So that later on when you take that money out. It's not taxed that is what RAF money is it is after tax money and the law actually allows you to convert your before tax traditional money to after-tax Roth money. So let's talk about the potential benefit to you by converting. Why would you wanna do this? I mean, there has to be a reason for you to do this. Right. Well, generally you. Would convert from before tax to after tax because you believe that you're in a better position to pay the tax now than you will be later when you convert money from before tax to after tax what happens well that converted amount is reported as taxable income to you. And that means you must pay the taxes on that converted him out. And the kicker here is you cannot withhold the taxes from the converted amount. So if you're going to convert twenty five thousand dollars from before tax to after tax twenty five thousand dollars needs to show up on the other side of that ledger. So how does that tax get paid? Well, it comes out of your pocket. You've got to have the cash on hand to pay that tax for that year. So, you know, while you're still working, and you've got a dedicated paycheck. Maybe you've got a two income household later on in retirement. You may not have the same amount of income coming in. So when are you in a better position to pay taxes? Well, when you've got more money to pay those taxes. So that's one reason why it's good. A good idea might be a good idea to convert now as opposed to later in retirement because you have a better opportunity, you're in better position to pay that tax. But you also have an even better reason to convert right now because as we already said earlier in the show with changes to the tax laws starting this year tax rates for most Americans are lower. So from now through two thousand twenty five your income tax rate is likely going to be lower than in. We'll be in two thousand twenty six when the tax rates revert back to what they were. This means. That from now and for the next eight years, you will pay less tax on any amounts that you convert from before tax to after tax you're going to have to pay the tax anyway. Right. Like, we already said you can either pay the tax now or pay later. So why not pay it now at a lower rate because you know, tax rates are going to revert back to higher rates in the future. Now, this strategy is not for anyone like I said, you need to make sure you have the cash on hand to pay the tax on the converted amount. But it is worth exploring with your CPA and your investment advisor. We've got a client and Keith he does conversions every year. And so what we do is this. We already know the amount of income that he is likely going to have for the year because we monitor the income is investments are are creating he's got an income from other sources. So he works with a CPA calls him up and says, hey, how much income I am. I gonna hap how close am I to the next tax bracket? His CPA says, well, you're fifty thousand dollars away from going over into the next tax bracket. So Keith calls us up and says, all right? I wanna convert fifty thousand dollars because he's already in that tax bracket. He's already going to pay the tax. So why not go ahead and convert that money, let's pay the tax now without going into the next tax bracket. And now for the next eight years he's going to be able to convert that money from before tax to aftertax he has to pay the tax on that money. Eventually anyway when he starts taking it out. So he's elected to let's pay the tax now at a lower rate as opposed to at a higher rate later on when I have to start taking the money. That's what he is elected to do. He knows he's going to have to pull that money out of the savings to pay the tax and he's comfortable with it. We've actually created a tax budget for him. He budgets that amount of money in every year and for him. It's just an expense. Just something has to do because he's going to have to do it eventually anyway now. In order to utilize the strategy. You have to make those conversions by the end of the calendar year. So in order for it to count in this tax year. It has to be done by the end of the calendar year, if you wait until after now after this year, well, it's gonna count next tax year..

CPA advisor David Victoria Wood Keith President Trump twenty five thousand dollars fifty thousand dollars eight years seven months
"victoria wood" Discussed on KTOK

KTOK

07:50 min | 2 years ago

"victoria wood" Discussed on KTOK

"To weaken financial show here on KT. Okay. The financial David Victoria Wood's is out this weekend on business, but she will be back next week. In the meantime, thanks again for giving us a little bit of your time today. Well, if you're just joining us we are talking about key year end tax moves that you should consider now to prepare for tax season. I know tax day is all the way on April that seven months away, but in order to make your tax day, far less painful, you need to make key tax decisions and moves before the end of the year by December thirty first and here in fall with a few months left in the year. It's a good time to take stock of where you are tax wise and make any last minute moves while you still have time. And the good news is these strategies that we're talking about today are not complicated. They're not sophisticated. You can understand and use these to your advantage to make tax season a little less stressful. And of course, before implementing any of these strategies, you should consult your tax professional attacks expert, who is a CPA tax preparer Victorian iron not CPA's, nor do we hold ourselves out to be CPA's. We do not give tax advice. However, we discuss these tax strategies with our clients and with you because they matter they're important, and you need to work with your financial advisor, your investment advisor, and your CPA to make sure that everything is working and functioning properly now one of the most common questions that we're getting right now in light of reductions to the tax rates for now. And for the next few years is should I consider a Roth IRA conversion? And again, the reason for that is because tax rates for many Americans have reduced now and through two thousand twenty five so let's begin by discussing and explaining what a Roth conversion is. When you save money in a qualified retirement account that is before tax. This is a 4._0._1._K your four zero three b a TSP a pension the teacher retirement, a traditional IRA, the one thing that these account types have in common is that they are before tax accounts. You put money in them before tax or money is put in them for you before tax, and you don't pay the taxes on that money. Now, you defer the taxes that you owe on that money to a future date, and as we've already discussed the latest, you can defer those taxes right now is age seventy and a half that number could go up here in the next year or so if. President Trump has his way. But right now as far as we know it's going to be seventy and a half, essentially, what you're doing you're electing to take the tax benefit upfront, and then pay the tax later when you take the money out, and that's really the choice that you get to make when it relates to taxes. Do you want to pay the taxes now or later? That's the simple decision that you have to make. But what if you chose to pay the tax now and get the benefit later what if you choose instead to put in after tax money right now. So that later on when you take that money out. It's not taxed that is what RAF money is it is after tax money and the law actually allows you to convert your before tax traditional money to after-tax Roth money. So let's talk about the potential benefit to you by converting. Why would you want to do this? I mean, there has to be a reason for you to do this. Right. Well, generally you. Would convert from before tax to after tax because you believe that you're in a better position to pay the tax now than you will be later when you convert money from before tax to after tax what happens well that converted amount is reported as taxable income to you. And that means you must pay the taxes on that converted him out. And the kicker here is you cannot withhold the taxes from the converted amount. So if you're going to convert twenty five thousand dollars from before tax to after tax twenty five thousand dollars needs to show up on the other side of that ledger. So how does that tax get paid? Well, it comes out of your pocket. You've got to have the cash on hand to pay that tax for that year. So, you know, while you're still working, and you've got a dedicated paycheck. Maybe you've got a two income household later on in retirement. You may not have the same amount of income coming in. So when are you in a better position to pay taxes? Well, when you've got more money to pay those taxes. So that's one reason why it's good. A good idea might be a good idea to convert now as opposed to later in retirement because you have a better opportunity, you're in better position to pay that tax. But you also have an even better reason to convert right now because as we already said earlier in the show with changes to the tax laws starting this year tax rates for most Americans are lower. So from now through two thousand twenty five your income tax rate is likely going to be lower than in. We'll be in twenty twenty six when the tax rates revert back to what they were. This means. That from now and for the next eight years, you will pay less tax on any amounts that you convert from before tax to after tax you're going to have to pay the tax anyway. Right. Like, we already said you can either pay the tax now or pay later. So why not pay it now at a lower rate because you know, tax rates are going to revert back to higher rates in the future. Now, this strategy is not for anyone like I said, you need to make sure you have the cash on hand to pay the tax on the converted amount. But it is worth exploring with your CPA and your investment adviser. You know, we've got a client and Keith he does conversions every year. And so what we do is this. We already know the amount of income that he is likely going to have for the year because we monitor the income is investments are are creating he's got an income from other sources, so he works with a CPA calls him up says, hey, how much income I am. I gonna hap how close am I to the next tax bracket? His CPA says, well, you're fifty thousand dollars away from going over into the next tax bracket. So Keith calls us up and says, all right? I want to convert fifty thousand dollars because he's already in that tax bracket. He's already going to pay the tax. So why not go ahead and convert that money, let's pay the tax now without going into the next tax bracket. And now for the next eight years he's going to be able to convert that money from before tax to after-tax he has to pay the tax on that money. Eventually anyway when he starts taking it out. So he's elected to let's pay the tax now at a lower rate as opposed to at a higher rate later on when I have to start taking the money. That's what he is elected to do. He knows he's going to have to pull that money out of the savings to pay the tax and he's comfortable with it. We've actually created a tax budget for him. He budgets that amount of money in every year and for him. It's just an expense. Just something has to do because he's going to have to do it eventually anyway now. In order to utilize the strategy. You have to make those conversions by the end of the calendar year. So in order for it to count in this tax year. It has to be done by the end of the calendar year, if you wait until after now after this year, well, it's gonna count next tax year..

CPA Keith David Victoria Wood advisor President Trump twenty five thousand dollars fifty thousand dollars eight years seven months
"victoria wood" Discussed on The Infinite Monkey Cage

The Infinite Monkey Cage

01:46 min | 2 years ago

"victoria wood" Discussed on The Infinite Monkey Cage

"Your friend who's high up government? Actually Judi Dench. We also audience detach audience question and we asked them, who would you like to bam boozer and why? And redacted. Doc. This is very good answer everyone except the recipient. That is the point of a secret code. My eight year old daughter, she thinks she knows everything codes. None of that nonsense. I'm an engineer. The people who wrote the g. h. q. puzzle book because it's too darn difficult that was going to ask you one Brian, you know everything don't you which element is missing. Ask Nick Aston in bismuth carbon copper on krypton neon, oaken phosphorus, silicon Tennessee. Tin Zine on you have seven seconds. I'm bring him here to you to see his doubtful face. That doesn't happen. Often here is really that and Iran, and I can't do any of it, but then I was heartened to find. There's one patriot says, can you identify this person? It's a picture of Victoria Wood's, so I thought you might be I am the ideal candidate. Does anyone know the answer to that in this book? By the way they can't tell you, you can't turn to the answer section then. I'm not saying that you might not be the best buy. How on earth can is great. This Donald. Donald. Who said on the radio, you ready? I want to people want to know what the answer is now. I'm just saying because he wasn't in the list. Let's say reasonable chance. With your secret code and why? Brian? Because mathematics beating physicists is a fun fact of life. Thank you very much to.

Donald Judi Dench Nick Aston Brian bam boozer engineer Iran Victoria Wood Tennessee seven seconds eight year
"victoria wood" Discussed on News 96.5 WDBO

News 96.5 WDBO

02:21 min | 3 years ago

"victoria wood" Discussed on News 96.5 WDBO

"Nine is our number joining us now is my good friend victoria codes victoria is the special assistant to the president she is the senior director for international negotiations the middle east directorate at the national security council monica it's great to get to talk to you such a pleasure well big announcement from president trump yesterday withdrawing the united states from the jcp away the joint comprehensive plan of action also known as the iran nuclear deal why did the president choose to withdraw well i mean he's been very clear signaling this really from the time he came into office that that he thought this deal with as you said a horrendous deal with very very poorly negotiated very bad deal for the united states but he's been very deliberate about it we've consulted with our allies obviously gotten the views of everyone in his administration signaled very clearly in january that that he found the deal intolerable for the united states gave everybody a period of time to try to fix it and when that didn't happen he withdrew and also this wasn't a precipitous decision i mean the president has been in office well over a year now so he took all of that time to evaluate the deal consult with allies as you said and that's why he he made a deliberate move what are the first immediate steps now on the part of the united states in terms of the reimposition of sanctions how fast will they kick in and how comprehensive will they be well we were prepared obviously for for the president to make whatever decision he was going to make so i think you'll see in pretty short order i think treasury already has their guidance up on their website so over the next i think ninety and then one hundred and eighty days we will be reimposing all the different layers of sanctions that were on before the jcp away to exert maximum pressure on the iranian regime that's what brought them to the table first place so think that that's going to be a very effective tool for the president victoria wood is anything can be done with our european allies who have been trading and investing in iran since the lifting of sanctions under president obama they are already pretty heavily invested financially in an economically in iran they would probably be a there's already been noise if they're going to be disinclined to.

special assistant president senior director trump united states treasury jcp victoria wood iran obama eighty days