In this episode, we dive into the strategy of tax loss harvesting as year-end approaches. Learn how to strategically sell underperforming investments to capture losses, offset gains, and potentially reduce your taxable income.

We'll guide you on what to sell, how to avoid the "wash sale" rule, and why replacing assets with similar alternatives can keep you positioned for growth.

This savvy approach could add 0.5%–2% annually to your portfolio’s after-tax returns over time. Stay tuned for actionable tips to maximize tax savings and make the most of tax loss harvesting.

Key Topics:

• What is Tax Loss Harvesting? (00:00)
• Doing Tax Loss Harvesting the Right Way (01:43)
• What the Studies Show (03:40)
• Playing by the IRS Rules (04:25)
• Tips to Making the Most of Tax Loss Harvesting (05:07)

This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice. Subscribe to our weekly planning insights newsletter: ⁠⁠⁠⁠⁠⁠https://mdrnwealth.com/blog/⁠⁠⁠⁠⁠⁠

If you need specific advice, you can contact us at Advice@mdrnwealth.com or at: ⁠⁠⁠⁠⁠⁠https://www.mdrnwealth.com⁠⁠

The Federal Reserve has finally cut interest rates for the first time in four years. This past week, the Fed announced a rate cut of 50 basis points (0.50%), lowering the effective federal funds rate from 5.33% to 4.83%. So, what does this mean for you? In today’s episode, we’ll break down how this rate cut impacts you, along with addressing some major misconceptions about rate cuts that you won’t want to miss.

Key Topics:

• Feds Cut Rates and What it Actually Means For You (00:00)
• Why Did the Fed Cut Rates in the First Place? (01:23)
• Misconception Around Fed Rate Cuts (02:34)
• Effect on the Bond Market (04:33)
• Dynamics of Cash in Fed Rate Cuts (05:39)
• What to do Now that Feds Have Cut Rates (06:03)
• Should You Refi Your Mortgage? (07:18)
• Dynamics of Stocks and S&P 500 in Fed Rate Cuts (09:15)

Resources:

• Are You Holding Too Much Cash in Your Portfolio?

This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice. Subscribe to our weekly planning insights newsletter: ⁠⁠⁠⁠⁠https://mdrnwealth.com/blog/⁠⁠⁠⁠⁠

If you need specific advice, you can contact us at Advice@mdrnwealth.com or at: ⁠⁠⁠⁠⁠https://www.mdrnwealth.com⁠⁠

Today, we're breaking down the "House-Rich, Cash-Poor" epidemic. In the United States, a large number of retirees have most of their wealth tied up in their primary residence, with very little left in liquid savings like 401(k)s, Roth IRAs, or brokerage accounts. A big part of the issue comes from financial gurus, like Dave Ramsey, preaching that paying off your home early is the key to optimizing wealth.

If you own a home, have a mortgage, and are looking for ways to truly optimize and build your wealth, you won't want to miss today's episode.

Key Topics:

• Introducing the Concept: the “House-Rich, Cash-Poor” Epidemic (00:00)
• Why is This Happening? Are Financial “Gurus” like Dave Ramsey and His 7 Baby Steps to Blame? (02:26)
• Case Study of the Two Scenarios: Rushing to Pay off Home (03:20)
• Case Study of the Two Scenarios: NOT Rushing to Pay off Home (05:16)
• The Data to Back it Up (06:19)
• The Same Principles Apply Regardless of Earnings (08:00)
• But What if I Already Paid off My Home?! (08:39)

This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice. Subscribe to our weekly planning insights newsletter: ⁠⁠⁠⁠https://mdrnwealth.com/blog/⁠⁠⁠⁠

If you need specific advice, you can contact us at Advice@mdrnwealth.com or at: ⁠⁠⁠⁠https://www.mdrnwealth.com⁠⁠