Mama's Money Map Podcast Jenni Sisson

Sean Mullaney is an advice-only financial planner and the President of Mullaney Financial & Tax, Inc. Sean writes the Plutus Award winning blog FITaxGuy.com on tax and financial independence. He also has a personal finance YouTube channel and published Solo 401(k): The Solopreneur's Retirement Account, a book about his favorite retirement account, in 2022. 
The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Jenni and Mama's Money Map do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services. 
Show Notes
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
IRS info on IRA limits and deductions:
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits
SEP IRA versus Solo 401(k): https://fitaxguy.com/sep-ira-versus-solo-401k/
 
My view on 529s: https://fitaxguy.com/a-critical-look-at-the-529/
 
Get Sean's book Solo 401(k): The Solopreneur's Retirement Account
 
Sean's Resources:
Mullaney Financial and Tax Inc.
FITaxGuy Blog
Sean Mullaney Videos

In this episode, Retirement 101, we demystify the complexities of retirement accounts, covering the most common types: Traditional and Roth IRAs, 401(k)s, and Health Savings Accounts (HSAs). While we can't cover every retirement account in detail, we focus on the main options most families are likely to encounter.
From contribution limits and tax implications to withdrawal rules and more, we break down each retirement account's key features to help you make informed decisions about your financial future. Whether you're just starting to plan for retirement or fine-tuning your existing strategy, this episode offers valuable insights to guide your journey.
Disclaimer: This episode provides educational content about how retirement accounts work and is not financial advice. For comprehensive information, consult your retirement account provider, HR department, or the IRS website.
Handy-Dandy Retirement Account Comparison Charts


 
SHOW NOTES
~~~~~~~~~~~~~~~~~~~~~~~~~
IRS info on Traditional IRA tax deduction limits:
https://www.irs.gov/retirement-plans/2023-ira-deduction-limits-effect-of-modified-agi-on-deduction-if-you-are-covered-by-a-retirement-plan-at-work
General IRS info on Traditional IRAs:
https://www.irs.gov/retirement-plans/traditional-iras
 
Roth IRA contribution limits:
https://www.irs.gov/retirement-plans/amount-of-roth-ira-contributions-that-you-can-make-for-2023
General IRS info on Roth IRAs:
https://www.irs.gov/retirement-plans/roth-iras
 
General IRS info on 401(k)s:
https://www.irs.gov/retirement-plans/401k-plans
 
List of reimbursable purchases with HSA:https://www.irs.gov/pub/irs-pdf/p502.pdf
https://www.irs.gov/pub/irs-pdf/p502.pdf
General IRS info on HSAs:
https://www.irs.gov/publications/p969

Have you ever opened a medical bill and been shocked at the crazy-high price you're expected to pay? If you're feeling burdened by heavy healthcare costs, this episode is for you.
In this episode, I interview Marshall Allen, award-winning investigative journalist, author, and crusader against unfair medical costs. He shares a number of strategies you can use to reduce or eliminate medical bills. 
Using these tips and tricks, I was able to save over $7,000 on my medical bills in one year! 
~~~~~~~~~
Show Notes
~~~~~~~~~
U.S. Preventive Services Task Force. Check these recommendations to see if your “just in case” care is really necessary. 
 
The charity Dollar For helps people eliminate medical debt by advocating on their behalf. 
 
Subscribe to Marshall’s newsletter with updates, victory stores, and more tips for fighting high healthcare costs at MarshallAllen.substack.org. It’s free to subscribe, but if you can choose to pay for the subscription, all proceeds go to helping those in need combat crushing medical costs. (Check out Marshall’s write-up of my story here!)
 
Not sure whether the price you’re being charged is fair? Check:
Fairhealthconsumer.org
Healthcarebluebook.org
 
Uniform Commercial Code - search for “Open Price Term” 
This is the legal framework that U.S. commerce operates under. 
 
For more great content on navigating the healthcare billing system, check out Allen Health Academy. This program equips and empowers employers and working Americans
to dramatically lower their health care costs.
 
To check out more of Marshall’s book Never Pay the First Bill and victory stories of people like you saving hundreds on healthcare, go to MarshallAllen.com.

Advoconnection.com provides a directory of patient advocates — people who can help you fight unjust medical costs.

A short intro to why I started the Mama's Money Map podcast. The personal finance game runs differently when it's on multiplayer mode with a single main income and more than one or two kids. For all the stay-at-home moms who want to learn how to make more, spend less, and invest the rest while keeping family as their first priority, this podcast is for you!

As parents, we all want to help our kids avoid the same financial mistakes we've made. But finding the time—and a teaching method that sticks—presents a big challenge.
In this episode, we welcome Rachel Murphy to the podcast who is an expert in practical ways to teach kids and teens to handle money. Listen to learn how to start turning over the management of your kids' finances to them, and how this can open the door to increased responsibility and good financial habits in your child or teen.
Show Notes
Find Rachel at:
www.raisingconfidentteens.com
https://www.facebook.com/groups/1140701142975470
https://www.instagram.com/raisingconfidentteens/
 
Get a Free Spending Tracker at:
www.rachelmurphycoaching.com/mamas
 
Article on Effective Financial Literacy Programs:
https://www.igradfinancialwellness.com/blog/how-do-we-make-financial-literacy-education-more-effective
 

Show Notes/Resources
Legal Zoom - Start a Business Package
https://www.legalzoom.com/marketing/business-formation/category?kid=_k_Cj0KCQjw9ZGYBhCEARIsAEUXITXEIbYrAlsomrvxpQK-FyaOBUxXbBajjIDDJjlQXqGjwts8wyLQ1N0aAuZ8EALw_wcB_k_&utm_source=google&utm_medium=cpc&utm_term=legalzoom%20start%20a%20business&utm_content=555249735359&utm_campaign=Brand%20|%20SMB%20|%20Exact&kpid=go_964378701_119287618271_555249735359_kwd-544283428462_c&gclid=Cj0KCQjw9ZGYBhCEARIsAEUXITXEIbYrAlsomrvxpQK-FyaOBUxXbBajjIDDJjlQXqGjwts8wyLQ1N0aAuZ8EALw_wcB



Russel Brunson - Find out the who, not the how
https://www.youtube.com/watch?v=BF5VoxpB2GA



Instagram @ginger_quilter
www.gingerquilterbox.com
natalie@thegingerquilter.com