In this episode of That Financial Guy, I break down the various investment accounts available for kids and how they can set the foundation for a strong financial future. From saving for college to teaching them about investing early, I will explore the key differences between:

• 529 Plans – The go-to option for education savings with tax advantages, but with restrictions on how the funds can be used.
• UTMA Accounts – A flexible way to gift assets to minors, but control shifts to the child at a certain age.
• Custodial Roth IRAs – A powerful, tax-free growth opportunity for kids with earned income, setting them up for long-term wealth.
• Regular Brokerage Accounts – A simple and flexible way to invest, but with flexibility

I will discuss the benefits, limitations, and tax implications of each, helping you decide which account is the best fit for your child’s future goals. Whether you're saving for college, building generational wealth, or just looking for a smart way to introduce investing, this episode covers what you need to know.

In this episode, I take a straightforward look at managing your 401k after retirement. I will be discussing practical options, such as whether to transfer your 401k to an IRA or maintain it in your current plan, and explain the pros and cons of each choice. Our conversation covers:

• Conversion Options: Evaluating the benefits and drawbacks of different rollover strategies.
• Withdrawal Strategies: The Rule of 55!. Planning systematic withdrawals to optimize your retirement income.
• Tax Implications: Understanding the tax considerations that come with each decision.
• Risk Management: Balancing potential growth with the need for financial security.
• Expert Analysis: Insights from financial professionals to help inform your decisions.

This episode aims to provide clear, actionable information for anyone looking to make informed choices about their retirement savings.

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-ch...

To schedule a complimentary consultation with me: 👉https://go.oncehub.com/keithwilson1

I want you to be more confident in your future:
whether that be through preparing for retirement,
financial planning, portfolio analysis, or college planning.

I trust the information you receive through these videos
proves helpful with your personal financial situation!

Website: www.wfa-nc.com
Facebook: / keithwilsonf. .
Linkedin: / keithwils. .

I am looking forward to seeing you achieve your financial goals!

In this episode, we’re diving into the world of Health Savings Accounts (HSA)—one of the most powerful yet often misunderstood financial tools. We’ll break down how to maximize your HSA benefits, common mistakes to avoid, and strategies to turn your account into a long-term wealth-building asset.

Join us as we discuss:
✔️ Who qualifies for an HSA and why it matters
✔️ The best ways to save, invest, and spend your HSA funds
✔️ Tax advantages and how to make the most of them
✔️ Why your HSA could be a secret retirement powerhouse

Whether you're new to HSAs or looking to fine-tune your approach, this episode will give you the practical tips and insights you need to make smarter healthcare and financial decisions.

🎧 Tune in now and take control of your retirement savings!

Let me know what you think! Leave your comments and questions here: keith.wilson@lpl.com

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-ch...

To schedule a complimentary consultation with me: 👉https://go.oncehub.com/keithwilson1

I want you to be more confident in your future:
whether that be through preparing for retirement,
financial planning, portfolio analysis, or college planning.

I trust the information you receive through these videos
proves helpful with your personal financial situation!

Website: www.wfa-nc.com
Facebook: / keithwilsonf. .
Linkedin: / keithwils. .

I am looking forward to seeing you achieve your financial goals!

So, you have saved and invested diligently all your working life and the time has come to retire. You feel comfortable,,,, but there could be things you haven't thought about that could ruin the plans you laid forth! LIKE:
-Sequence of returns risk
- Risk of long term care expenses
- Investing too aggressively/speculatively in retirement
- Investing too conservatively in retirement
- Over confident with your income, causing you to procrastinate
- Paralysis from analysis
- Poor tax planning and tax allocation of your assets

In this episode we discuss the killers of retirement plans and give some possible solutions.

Send your questions and comments to: keith.wilson@lpl.com

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-check-up

To schedule a complimentary consultation with me: 👉https://go.oncehub.com/keithwilson1

I want you to be more confident in your future:
whether that be through preparing for retirement,
financial planning, portfolio analysis, or college planning.

I trust the information you receive through these videos
proves helpful with your personal financial situation!

Website: www.wfa-nc.com
Facebook: https://www.facebook.com/KeithWilsonF...
Linkedin: https://www.linkedin.com/in/keithwils...

I am looking forward to seeing you achieve your financial goals!

There are some new tax law changes for 2025! 401k contribution limits have changed to $23,500. Over 50 is $31,000. There is now a new "super" catch up provision for ages 60 to 63 with a maximum 401k contribution of $34,750.
Inherited IRA's will now have to start taking required minimum distributions as well as empty that IRA within 10 years (if you inherited the IRA in 2020 or later)
If the Tax Cuts and Jobs Act is not extended by the end of 2025, then we revert back to the old and higher tax rates. Odds are that it will be extended. Many other tax and retirement account changes have taken place as well.

For the complete 2025 tax summary: https://www.johnhancock.com/content/dam/onejohnhancock/pdfs/annuities-media/TRGFLY_Tax_Guide.pdf

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-ch...

To schedule a complimentary consultation with me: 👉https://go.oncehub.com/keithwilson1

I want you to be more confident in your future:
whether that be through preparing for retirement,
financial planning, portfolio analysis, or college planning.

I trust the information you receive through these videos
proves helpful with your personal financial situation!

Website: www.wfa-nc.com
Facebook: / keithwilsonf. .
Linkedin: / keithwils. .

I am looking forward to seeing you achieve your financial goals!

In this episode I talk with Kelly Augspurger, CLTC, CSA who is a Long Term Care specialist.
We dive into topics of just what is long term care? What are the chances of needing long term care? We break down the myths associated with long term care and how to pay for it?

Check out Kelly's YouTube channel @steadfastinsuranceagency

Check out Kelly's Podcast @steadfast care planning

send your questions and comments to: keith.wilson@lpl.com

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-ch...

To schedule a complimentary consultation with me: 👉https://go.oncehub.com/keithwilson1

I want you to be more confident in your future:
whether that be through preparing for retirement,
financial planning, portfolio analysis, or college planning.

I trust the information you receive through these videos
proves helpful with your personal financial situation!

Website: www.wfa-nc.com
Facebook: / keithwilsonf. .
Linkedin: / keithwils. .

I am looking forward to seeing you achieve your financial goals!

If you inherited an IRA or Roth IRA in 2020 or after, The IRS has just changed the rules! The updated 10-year rule and its impact on beneficiaries. Whether you're inheriting a traditional or Roth IRA, understanding these regulations is key to avoiding penalties and maximizing your inheritance.
What the 10-year rule means for required distributions?
Differences for eligible designated beneficiaries (spouses, minors, and others).
Tax implications you should know about.
Strategies to help you manage and plan for inherited IRA funds.

Here is the rmd table for beneficiary IRA's: https://www.irs.gov/pub/irs-pdf/p590b.pdf

Let me know what you think! Leave your comments and questions here: keith.wilson@lpl.com

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-ch...

To schedule a complimentary consultation with me: 👉https://go.oncehub.com/keithwilson1

I want you to be more confident in your future:
whether that be through preparing for retirement,
financial planning, portfolio analysis, or college planning.

I trust the information you receive through these videos
proves helpful with your personal financial situation!

Website: www.wfa-nc.com
Facebook: / keithwilsonf. .
Linkedin: / keithwils. .

I am looking forward to seeing you achieve your financial goals!

Is an Annuity Right for You? 🤔

Considering an annuity but unsure if it’s the right fit for your financial goals? In this podcast, we break down the basics of annuities, their benefits, and potential drawbacks. Whether you're planning for retirement, looking for guaranteed income, or just exploring your options, we’ll help you decide if an annuity aligns with your needs.

📌 What You'll Learn:

What is an annuity?
Types of annuities (fixed, variable, indexed).
Pros and cons of annuities.
Who benefits most from annuities?
Key factors to consider before buying one.
🎯 Stay Informed
Annuities can be a great tool for some, but they’re not for everyone. Watch now to see if it’s the right move for your financial plan!

Let me know what you think: keith.wilson@lpl.com

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-check-up

To schedule a complimentary consultation with me: 👉https://go.oncehub.com/keithwilson1

I want you to be more confident in your future:
whether that be through preparing for retirement,
financial planning, portfolio analysis, or college planning.

I trust the information you receive through these videos
proves helpful with your personal financial situation!

Website: www.wfa-nc.com
Facebook: https://www.facebook.com/KeithWilsonF...
Linkedin: https://www.linkedin.com/in/keithwils...

I am looking forward to seeing you achieve your financial goals!