True Wealth - Financial Podcast Littlejohn Financial

In this video, we'll explore how different generations view and manage money based on their historical experiences. From The Silent Generation to Gen Z, we'll discuss the unique perspectives each generation brings to money management.

Curious about mutual funds? In this video, we dive deep into the structure of mutual funds to help you understand them better. So many options, but we've got you covered!

Are you struggling to make financial decisions? A financial coach can help you reach your financial goals and reduce financial stress. Find out if a financial coach is right for you in this video!



In this episode, you will learn the following :



Human aspect of financial advising and the importance of personalized coaching.

The transformative impact a financial mentor can have on an individual’s success.

Significance of strategic advisory teams and the concept of having a personal ‘board of directors’ for different aspects of life.

A holistic financial advice that encompasses taxes, legacy and trust planning is important.

Value of tailoring a coach’s approach to the individual needs of clients for optimal growth.

Role of third-party expertise in business and how it can contribute to monumental growth and avoidance of pitfalls.

Building a strong professional network and being selective in choosing experts who can communicate effectively is necessary.



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Confused about which retirement account is best for you? In this video, we break

down the differences between Roth IRAs and Traditional IRAs, covering key details and

considerations to help you make the best decision for your financial future. Watch now to

become an expert on Roth vs Traditional IRAs!



In this episode, you will learn the following :



● Distinguishing between traditional and Roth IRAs, their tax implications and the

significance of rolling over these accounts.

● The IRA contribution rules, emphasizing that one must have earned income to

contribute.

● The importance of maximizing catch-up contributions for those over 50.

● The need to stay current with regulations that adjust for inflation and the changing

ages for required minimum distributions (RMDs).

● The significance of keeping track of non-deductible IRA contributions, which can affect

your tax situation upon withdrawal.

● The five-year rule for Roth IRAs, explaining that both contributions and conversions to a

Roth IRA must satisfy a five-year holding period to avoid penalties.

● The estate planning considerations.

● The unique benefits of Roth IRAs in estate planning.



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Have you checked to ensure your beneficiaries are up-to-date? Is your life insurance under the correct spouse? Should you consider gifting assets and cash, or allow heirs to inherit? Are your assets titled in the name of your trust? Do you need a trust, and how does it differ from a will? Is a Roth Conversion the right choice for me? What exactly is a backdoor Roth? Should I convert my home into a rental? Mistakes can be costly, so tune in now for tips, tricks, and everything in between.



In this episode, you will learn the following:



Understanding how life insurance policies are included in the estate value is essential. If not managed correctly, life insurance can lead to taxable events.

Trusts can help manage estate tax exposure but do not eliminate tax obligations. It’s essential to fund a trust by retitling assets.

Common mistakes in financial planning can lead to significant tax bills and legal complications. There’s a need for accurate financial knowledge and the value of seeking professional advice to avoid errors.

Strategic planning is necessary to manage estate taxes and preserve wealth within families.

Demystification of the backdoor Roth IRA strategy which allows high earners to maximize their retirement savings despite income limits on traditional Roth IRAs.

The critical role of precise knowledge and the benefits of having a professional financial advisor. 

Discover the various methods and approaches to market analysis in this insightful video. Learn all about factor investing and how it can enhance your investment strategy. Dive deep into the world of investment evaluation and broaden your financial knowledge today!



In this episode, you will learn the following :



The basics of factor-based investing and how it differs from asset class categorization.

The relationship between risk and expected rates of return using personal credit as an analogy.

The three-factor model which includes market capitalization, value versus growth investments and the book to market ratio.

How different investment factors such as beta, value and quality impact the volatility and potential returns of a stock.

The concept of the cost of capital, interest rates and their effects on consumers, businesses, and government spending. 

A comparison of how different sectors like technology and consumer staples deal with economic fluctuations.

The importance of having a strategy to weather financial storms.