Learn how to achieve your financial goals without losing sleep. Unlock the financial fundamentals for success!
Ep. 57 Inherited IRA from a Parent? Avoid HUGE Penalties! Son/Daughter Guide to Distributions & Taxes
In today's episode, we explore the complex distribution rules associated with inherited IRAs, focusing on scenarios where a child inherits an IRA from a deceased parent. This episode clarifies the required minimum distributions (RMDs) and the impact of the 10-year rule under the latest regulations.
Learn whether your situation falls into the category of non-eligible designated beneficiaries or eligible designated beneficiaries, and understand the tax implications and penalties associated with these rules.
Eric simplifies the intricacies of both pre- and post-2020 inherited IRAs, providing practical advice and resources to ensure compliance and optimize your financial outcomes.
Ep. 56 Cut To The Chase: Simplify The 3 Tax Bombs In Retirement | Easy Guide
Retirement should be a period of financial freedom, not fiscal anxiety.
In this episode, we confront the often-intimidating world of retirement taxes head-on, demystifying the major "tax bombs" you absolutely need to understand.
Learn how your income interacts with tax brackets, Roth conversions, Social Security, and Medicare charges. We'll provide actionable strategies to help you make smarter decisions, protect your hard-earned retirement income, and minimize your tax burden for a more secure financial future.
Ep. 55 Retirement Planning: Tariffs, Market Correction, and Investing Tips
Ever wonder how major economic shifts impact your retirement dreams? In this insightful episode, we break down the recent tariff rollback and uncover crucial lessons for your long-term financial strategy. Get ready to dive into the essential takeaways from market volatility, the enduring power of diversification, and the absolute necessity of staying the course.
Plus, I'll share excerpts from an Investopedia feature where my insights on these very topics were highlighted.
Tune in to learn how to cultivate a resilient retirement portfolio, no matter what the headlines say!
Ep. 54 Utilizing an Inheritance for Retirement, 3 Smart Ways to Use It!
An inheritance can be a significant boost to your financial future, especially when it comes to retirement. But how do you make the most of it? This episode will guide you through making informed decisions that ensure financial stability and growth as you approach or enter retirement.
You'll also learn how to leverage professional advice from financial advisors, tax preparers, and estate attorneys to navigate the complexities of managing an inherited windfall for long-term security.
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Eric Maldonado, CFP®, MBA
Learn how to master your business finances with a comprehensive yearly checklist.
Contact Us: https://www.aquilawealth.com/contact-us
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
Ep. 52 Investing in Your Business vs. The Stock Market
Unlock the financial fundamentals for business success. Learn about profit margin, catastrophe coverage, and more in this episode.
Contact Us: https://www.aquilawealth.com/contact-us
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
Ep. 51 Top Solopreneur Finance Strategies
Unlock the financial fundamentals for business success. Learn about profit margin, catastrophe coverage, and more in this episode.
Contact Us: https://www.aquilawealth.com/contact-us
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
Ep. 50 Five Financial Fundamentals for Business Owners
Unlock the financial fundamentals for business success. Learn about profit margin, catastrophe coverage, and more in this episode.
Contact Us: https://www.aquilawealth.com/contact-us
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
Ep. 49 Business Resilience: 10 Tips for Longevity and Financial Stability
Discover resilience and growth strategies for your business with our top ten tips.
Contact Us: https://www.aquilawealth.com/contact-us
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
Ep. 48 Entrepreneur Q&A for a Financial Advisor -- Risk, Cash Flow, Taxes, and More
Listen in to hear common questions Entrepreneurs ask a Financial Advisor. In this episode, we cover Risk Planning, Entity Selection, Budgeting, Cash Flow, Taxes, and Retirement.
Contact Us: https://www.aquilawealth.com/contact-us
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
Ep. 47 How to prioritize home improvement projects when the economy is uncertain
How do you prioritize home improvement projects when the economy is uncertain, rates are high, some industries are seeing layoffs, and inflation is still high? What should a homeowner be thinking about if they have updates to make? For example, how should you preserve your nest egg? How can you prioritize if you have multiple projects that you want to do? How can you budget so that even if you get a home equity loan, credit line, or personal loan, you can ensure you're not overextending your finances?
Ep. 46 Two Mistakes to Avoid During Bear Markets
When bear markets hit, it’s hard to avoid making emotionally driven investment mistakes. A bear market is typically described as a 20% or more drop in securities prices. In today’s podcast, we’re addressing two mistakes to avoid: panic selling and staying in cash for too long.
Ep. 45 The Antidote to Panicking and Selling Out of the Markets
Zoom out, and look at the markets from a larger vantage point to get some perspective. The further out you pull back on the results of the stock market on a graph, the more it looks obvious that the market only goes one direction historically.
Contact Us: https://www.aquilawealth.com/contact-us
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
San Luis Obispo, CA
https://www.aquilawealth.com/
Ep. 44 Are Things Getter Better or Are Things Getting Worse?
On a global macro-scale things are getting much better for people, whether it’s measured by extreme hunger, violence, or resources. See this video for more info on things getting better globally: https://www.youtube.com/watch?v=Jalfq9uWXQk.
Yet, it doesn’t always feel like things are getting better. If we’re just looking at the news, it seems like things are always getting worse.
When it comes to financial planning, I try and help clients focus on their plan and on their unique time frame. This oftentimes puts things in the proper perspective.
Contact Us: https://www.aquilawealth.com/contact-us
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
San Luis Obispo, CA
https://www.aquilawealth.com/
Ep. 43 Business Owners, My Takeaways From “Walking to Destiny, 11 Actions An Owner Must Take to Rapidly Grow, Value & Unlock Wealth”
Business owners, are you taking steps to get the most value and income out of your business? My main takeaway from the book "Walking to Destiny 11 Actions An Owner Must Take To Rapidly Grow Value & Unlock Wealth" by Christopher M. Snider is that selling a business isn't just a one-time event in the future. Exit planning is a process that helps you get the most out of your business today, even if you're not planning on selling your company any time soon or ever.
Contact Us: https://www.aquilawealth.com/contact-us
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
San Luis Obispo, CA
https://www.aquilawealth.com/
Ep. 42 Business Owners, Don't Trap Yourself Financially In Your Business
Often, business owners rely on their business as their sole means of financial provision. Wouldn't it be nice to have a second leg to stand on financially? This episode talks about the benefits of investing in a separate tax-free asset, i.e., a Roth 401k, throughout your business ownership career.
Ep. 41 Business Owners with Young Kids, Create a "Family Fun" Account
Business Owners with young kids, do you find yourself wanting to invest more time and money into your family and kids while they’re young? One way to force you to take the vacations, the trips, or spend the time away with your family and kids while they’re young is to set aside a certain amount of money into a separate business account every month. Once per quarter take that money as an owner draw and spend on family fun and creating memories.
Contact Us: https://www.aquilawealth.com/contact-us
Eric Maldonado, CFP®, MBA
Ep. 40 When Markets Drop Focus On These 2 Things
When markets drop and your investment balances go down, it doesn’t make anybody feel “good.” It can be very stressful and worrisome to see your investment drop in value. What are some ways you can channel your feelings of fear and gloom into a more productive perspective when it comes to investing? Number 1, is to focus on your plan. Now, you might be saying, “I can’t go back in time to create a plan, I need help now!” And you’re correct, we can’t go back in time, but that doesn’t mean you can’t draw up a plan now for the next market dip. Because it is a matter of “when” not “if” the next market correction or recession takes place. You can prepare yourself now for the next market drop. The 2nd thing you can do to prevent yourself from making a mistake during negative stock market days is to put in place a “human barrier.” Have someone you can call on to come between you and a regrettable buy or sell decision. In other words, have someone you can talk to before you make a move in your investment accounts at an emotional time. Things will get better, sometimes it is hard to see that on your own. Have someone you can turn to to help you see the light when everything looks dark.
Contact Us: https://www.aquilawealth.com/contact-us
Eric Maldonado, CFP®, MBA
Owner, Aquila Wealth Advisors, LLC
(805)250-4552
info@aquilawealth.com
San Luis Obispo, CA
https://www.aquilawealth.com/
Disclosure: Aquila Wealth Advisors, LLC is a registered investment advisor in the state of CA, LA, and in other jurisdictions where exempt. All content on this podcast is for information purposes only. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation.
Ep. 39 The Emotional Toll of Investing in Individual Stocks vs. Index Funds
In today’s episode, I’m talking about the hidden cost of investing in individual stock vs investing in a basket of companies inside of an Exchange Traded Fund (ETF), Index Fund, or Mutual Fund. Namely, the emotional toll it can take to invest in individual companies. Is it worth experiencing the stress and angst it takes to invest in individual companies? Sometimes, investing in a broad range of companies within an ETF or an Index Fund is less stressful and takes less of an emotional toll on the investor. When you’re invested in a bunch of companies with a fund you’re less likely to fixate any one company. Whereas focusing on one company's results can bring about a much more emotional ride.