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

I want you to take a moment to think about how you can generate tax-free wealth for your kids. For most people, two primary vehicles come to mind: the first is a Roth IRA, and the second is a 529 account.

But here’s the issue—most kids don’t have earned income, so they can’t contribute to a Roth IRA, which takes that option off the table.The second option, a 529 account, can only be used for qualified education expenses. If the funds are used for anything else, the earnings will be subject to ordinary income taxes and a 10% penalty.

As a financial planner who works closely with families of young children looking to build wealth, I’ve found that most parents want to generate tax-efficient wealth for their kids, but they don’t want to feel limited to education-related expenses.

Today, I’m going to break down how you can achieve this using a custodial brokerage account. Trust me—you don’t want to miss it!

Key Topics:

• Generating Tax-Free Wealth For Your Kids (00:00)
• Why People Often Ignore UTMA / UGMA Accounts and Understanding Kiddie Tax (01:50)
• Turning a Custodial Brokerage Account into a Tax-Free Vehicle (03:30)
• Customizing this Strategy for Your Own Financial Plan (05:03)
• Money in a Custodial Brokerage Account is Considered an Irrevocable Gift (07:07)

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 Mega Backdoor Roth is one of the most powerful strategies you can use to potentially contribute over $69,000 into a Roth IRA. But did you know that you can set this up in a Solo 401(k)? This week, we are going to break down how someone who is self-employed can set up their Solo 401(k) to be Mega Backdoor Roth compatible.

Key Topics:

• Prerequisites to the Mega Backdoor Roth (00:00)
• Specialized Adoption Agreement (02:05)
• Setting Up a Custom Adoption Agreement (03:07)
• Setting Up the Proper Accounts (04:11)
• An Example Once Accounts Are Set Up (06:05)
• Frequently Asked Questions (08:07)
• Wrap-Up and Getting Help (10:16)

Resources:

• The Ultimate Solo 401k Guide + Setting Up the Mega Backdoor

• Roth FeatureSolo 401(k) Guide

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

We’re going to break down the most optimal structure and system for managing your wealth. If you're wondering whether you should have trusts, LLCs, or what assets should be placed in these structures, we’ll cover it all in an easy-to-understand way. I promise, you don’t want to miss this.

Key Topics:

• The Center of the Wealth Structure: You (01:40)
• Retirement Assets (Assets in our name) (02:05)
• Revocable Living Trust (03:10)
• What Goes into the Living Trust? (04:52)
• Where Do LLCs Fit? (06:19)
• Wrap-Up and Final Thoughts (08:10)

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

When the Tax Cut and Jobs Act imposed the 10k SALT deduction limit, states with high taxes, like California, were outraged. Their taxpayers faced significantly higher federal tax bills. As a workaround, the Pass-Through Entity Tax Election was created.

PTET is an elective tax that business owners pay at the entity level. Instead of business income passing through to their individual return, they pay a separate state tax on their business income.

This pass-through entity tax is 100% deductible at the federal level, and generally, you receive a dollar-for-dollar credit on your personal state tax return.

Key Topics:

• 10K SALT Deduction Limit and the Workaround: PTET (Pass-Through Entity Tax) (01:30)
• An Example of PTET in Action (02:52)
• A Few Important Issues and Limitations with PTET (04:00)
• Breaking Down How PTET Saves on Taxes (05:47)
• All Business Owners Must at least Consider and Explore PTET (07:27)

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

Short-Term Rentals (STRs) are one of the few ways to gain exposure to real estate as a non-real estate professional while taking advantage of some of the incredible tax benefits that real estate offers. However, getting into the business of investing in Short-Term Rentals can require a lot of work. This week, we're breaking down how to identify STR opportunities and how to optimize their returns with Real Estate Advisor Eric Ravenscroft. We'll also dive into the tax benefits and how to use them to your advantage.

Key Topics:

• 0:00 - Introduction to STRs
• 5:10 - Optimizing Your Investment
• 13:45 - Getting Started
• 17:34 - STR Case Studies
• 22:54 - Growing Your STR Business
• 34:36 - Tax Basics
• 37:12 - Introduction to Bonus Depreciation
• 38:25 - Cost Segregation Study
• 39:22 - Leveraging Bonus Depreciation
• 44:15 - Tax Case Study

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.

⁠The Ravenscroft Group⁠

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