Your Money & Your Life Podcast

Donald Cash
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Your Money & Your Life Podcast Podcast

Financial and retirement planning guidance from Certified Financial Planner Donald Cash in Red Bank, NJ. Truly understanding what's happening inside your portfolio is so important to achieving retirement success.

  1. 12 SEPT

    Unrealized Capital Gain Taxes: Will You Have to Pay? Myths, Truths, and the Real Financial Blind Spots

    Unrealized capital gains taxes have been a hot topic in recent financial news, stirring up a mix of curiosity and concern among investors. While the current proposal targets individuals with a net worth of over $100 million, there's a lingering concern about the potential for these thresholds to be lowered over time. So what are “unrealized” capital gains and how might they impact you? In today’s episode, Don will answer that question and share his expertise on the myths, truths, and potential financial blind spots surrounding this issue.   Here’s some of what we discuss in this episode: The proposed tax on “unrealized” capital gains + who it impacts What exactly are “unrealized” capital gains? The concerns of ordinary Americans who may not have the financial resources to pay the tax on unrealized gains What does this mean for gifting to heirs? Seeking professional advice and staying informed   Resources for this episode:   9-11 Survivor Story – https://www.wsj.com/opinion/cantor-fitzgerald-bids-adieu-to-a-9-11-survivor-50de961e?st=ZMY7sY&reflink=desktopwebshare_permalink   Taxing Unrealized Capital Gains – https://mises.org/mises-wire/madness-taxing-unrealized-capital-gains?gad_source=1&gclid=CjwKCAjw_4S3BhAAEiwA_64YhvwW8eXaO4wHC0gH0OXASQ_oSMgVNb2fScsWgx7BHVT2-zq9WSDOBhoC4kcQAvD_BwE   Analysis of Harris’s Billionaire Minimum Tax on Unrealized Capital Gains – https://taxfoundation.org/blog/harris-unrealized-capital-gains-tax/   Get in touch with Don and learn more: https://doncashpodcast.com/

    22 min

  2. 29 AUG

    Summer Winds Give Way Toward Election Year Worries

    As summer winds down and fall approaches, it's a great time to reassess the financial landscape and prepare for the months ahead. In this episode, Don and Marc discuss the past few months' tumultuous events, the unpredictable nature of news, and its effects on the economy. Stay tuned as they highlight how market volatility and economic shifts have shaped the current outlook and what that means for the rest of the year.   Here’s some of what we discuss in this episode: The significant political and economic events of the summer + market reactions How diversification benefits investors in months of extreme volatility Upcoming events that might rock the investment world The historical performance of the markets during elections in 2012, 2016 and 2020   Get in touch with Don and learn more: https://doncashpodcast.com/

    25 min

  3. 15 AUG

    Financial News Making You Nervous? Do The Opposite!

    When it comes to investing, human biases often lead us astray. We have a natural tendency to react to recent news, a phenomenon known as recency bias. This can result in poor investment decisions, like selling stocks in a panic or buying into market hype. Listen in as Don and Marc talk about why it’s so important to recognize your biases, stick to your financial plan, and sometimes, do the opposite of what your instincts tell you (with the help of a financial advisor, of course).   Here’s some of what we discuss in this episode: How human biases can impact investing decisions Having a plan and sticking to it during periods of market volatility The benefits of buying low and selling high during market drops How FOMO (fear of missing out) can lead to poor financial choices Not letting financial news dictate your decisions + focusing on consistent strategies   Resources for this episode: George Costanza – Do The Opposite https://youtu.be/CizwH_T7pjg?si=qEzNf3nJzj0CvK6R Market Watch Article https://www.marketwatch.com/story/the-stock-market-is-tanking-what-should-you-do-the-opposite-of-what-you-think-c2c92cd3 Cognitive Bias https://www.sog.unc.edu/sites/www.sog.unc.edu/files/course_materials/Cognitive%20Biases%20Codex.pdf   Get in touch with Don and learn more: https://doncashpodcast.com/

    24 min

  4. 25 JUL

    Managing Your Financial Plans Amid Election Year Turmoil

    Election years are always tumultuous, but the current political climate has reached new levels of unpredictability. As every election cycle seems to get more chaotic, how can you protect your portfolio? Tune in as Don explores how learning from historical events can help navigate these uncertain times.   Here’s some of what we discuss in this episode: How the political and market climate of 1968 offers insights for today’s investors Strategies to manage market volatility and avoid knee-jerk reactions during turbulent times Why maintaining a diversified portfolio is crucial for long-term stability Developing a plan that matches your goals, risk tolerance, and time horizon   Get in touch with Don and learn more: https://doncashpodcast.com/

    26 min

  5. 18 JUL

    A Warning To Those Neglecting Their Estate Plans

    This week’s episode serves as a warning to those neglecting their estate plans. Few stories illustrate the importance of updating beneficiary designations more poignantly than that of Jeffrey Rolison and Margaret “Peggy” Sjostedt, who dated in the 80s and broke up just a few years later. Despite their relationship ending, Jeffrey never updated the beneficiary designation on his Procter & Gamble retirement account, and Margaret stood to inherit $1 million. Listen in as Don shares a few things that we can learn from this unfortunate oversight… Here’s some of what we discuss in this episode: The story of Jeffrey Rolison, who forgot to update his beneficiary designation Jeffrey’s brothers nine-year legal battle to claim the retirement money The importance of regularly reviewing and updating your beneficiary designations   Wall Street Journal Article https://www.wsj.com/personal-finance/inherited-retirement-savings-beneficiary-breakup-divorce-849e3ff2   Get in touch with Don and learn more: https://doncashpodcast.com/

    17 min

  6. 2 JUL

    Good Retirement Planning Is Like Independence Day!

    As we approach the 4th of July, it's a perfect time to reflect on the concept of independence- not just in terms of our nation, but also in our personal financial lives. In today’s episode, Don and Marc chat about some of the fascinating parallels between the celebration of Independence Day and the journey of retirement planning. Stay tuned as we talk about building a solid foundation for your financial future, celebrating milestones, looking forward to a secure and fulfilling retirement, and more!   Here’s some of what we discuss in this episode: The importance of early and thorough retirement planning Building a solid financial foundation through diligent saving, smart investing, and disciplined spending Celebrating milestones in your retirement journey and learning to enjoy the fruits of your labor Achieving financial independence and making empowered decisions on how to enjoy your retirement years Overcoming challenges in retirement planning like market volatility, inflation, and unexpected health issues   Get in touch with Don and learn more: https://doncashpodcast.com/

    17 min

  7. 13 JUN

    The Tax Pitfalls Of Gifting Your House To Your Family

    With the rising costs of homeownership and the looming concerns of long-term care, it's no wonder that many parents consider transferring their homes to their kids. However, this seemingly generous act can come with significant financial pitfalls and tax consequences that you may not be aware of. Join us as Don shares some important items to consider and common mistakes to look out for…   Here’s some of what we discuss in this episode: The annual gift exclusion limit for tax-free gifts in 2024 Gift exclusions for tuition and medical bills Contributing to a tax-free Roth IRA for young family members as a gifting strategy The capital gains tax implications when gifting a house versus inheriting it A few state benefits that you could lose by gifting your home to your kids   Resources for this episode: IRS Home sale exclusion – https://www.irs.gov/taxtopics/tc701 IRS Gift Credit – https://www.irs.gov/newsroom/estate-and-gift-tax-faqs NJ Property Tax Freeze – https://www.nj.gov/treasury/taxation/ptr/eligibility.shtml NJ ANCHOR benefit – https://www.nj.gov/treasury/taxation/anchor/index.shtml   Get in touch with Don and learn more: https://doncashpodcast.com/

    27 min

  8. 30 MAY

    Scammers Tried To Steal Graceland; How To Protect Against Real Estate Fraud

    In today’s episode, Don shares the astonishing story of attempted real estate fraud involving one of America's most iconic homes: Graceland. Did you know that the legendary estate of Elvis Presley was nearly auctioned off due to a scam? Listen in as Don takes us through the shocking details and the lessons we can learn to protect our own properties.   Here’s some of what we discuss in this episode: The history of Graceland and its ownership since Elvis's passing Details of the attempted fraud involving Graceland Information about the fake company, Naussany Investments & Private Lending Steps homeowners can take to protect themselves from similar fraudulent activities   Resources for this episode: Wall Street Journal – Judge Blocks Efforts to Auction Graceland https://www.wsj.com/real-estate/elvis-presley-graceland-riley-keough-judge-blocks-auction-fc424898?st=38uynto4rjjlffc&reflink=desktopwebshare_permalink History of Graceland https://en.wikipedia.org/wiki/Graceland Judicial Foreclosure states https://retipster.com/judicial-non-judicial-foreclosure-states-list-map/ Home Title Alert https://www.propertyfraudalert.com/select Paid Service https://www.hometitlelock.com/?gad_source=1&gclid=CjwKCAjwgdayBhBQEiwAXhMxtnBjUN38QZs4FeIk24dUxd3dEt6Lg3YaQeJYcBpS0830_ZocjwTteRoC-XwQAvD_BwE   Get in touch with Don and learn more: https://doncashpodcast.com/

    24 min
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Financial and retirement planning guidance from Certified Financial Planner Donald Cash in Red Bank, NJ. Truly understanding what's happening inside your portfolio is so important to achieving retirement success.

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