ThimbleberryU 159 - The Hidden Costs of Doing Nothing

Hökmdarlar

• Speaker 1 0:07
• Speaker 2 0:59

1. 0:07

   Bölmə 1: Welcome back to Thimbleberry U. 316s · Speaker 1

   Welcome back to Thimbleberry U. I'm John Jagay. I'm joined as always by Amy Wallace from Thimbleberry Financial. Amy, always good to be with you. Jagay, always great to talk to you. Today we're talking about the hidden costs of doing nothin…

2. 5:25

   Bölmə 2: For example, if someone converts $200,000 of, let's say, a Roth conversion at a 24% tax rate instead of at a 32% tax rate, that's about a $16,000 savings just in federal taxes. 323s · Speaker 2

   For example, if someone converts $200,000 of, let's say, a Roth conversion at a 24% tax rate instead of at a 32% tax rate, that's about a $16,000 savings just in federal taxes. And so that lower income year is a year of opportunity. And so …

3. 10:49

   Bölmə 3: Or across accounts. 304s · Speaker 1

   Or across accounts. Beneficiaries don't get updated after life events. And these things matter more than people expect. Beneficiary designations override a will. Really important point. We also see missed planning windows. So like we just t…

4. 15:54

   Bölmə 4: on the things that impact either of you, especially in a couple. 224s · Speaker 2

   on the things that impact either of you, especially in a couple. Or maybe if you're single, it's do a monthly check-in on the thing that has or the two things that have the biggest impact in your life. Maybe, for example, you know that, hey…