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Financial Planning Strategies if Tax Cuts Expire
The Tax Cuts and Jobs Act passed in 2017 made significant tax law changes and reduced taxes and tax rates. If no congressional action is taken, these tax cuts will expire at the end of next year, and rates will revert to where they were in 2017. We’re discussing what planning strategies you need to…
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How to Invest During Election Years
Election years seem more volatile and pivotable for the world, but certainly the US economy and stock market. For this reason, many people get concerned about investing during election years, or investing should certain results occur. We’re discussing what history tells us and how you should invest in the stock market during election years on…
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Should You Plan for an Inheritance?
If you anticipate receiving an inheritance, should it influence your financial plan, or is it best to ignore it until it happens? We’re answering that question and breaking down the ways an inheritance can impact your financial plan in this episode of Wise Money. Season 9 Episode 38 Read our blog! https://www.korhorn.com/wise-money-blog Listen on Podcast:…
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Insuring Your Small Business: Closing the Coverage Gaps
One common problem with not taking a comprehensive approach to your finances is having your insurance get out of sync with your financial situation. This gets especially problematic if you’re a small business owner. Insurance expert Alysia Boehner joins the Wise Money Show to discuss common insurance coverage needs for your small business and how…
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Medicare Mistakes to Avoid When Working Past 65
Working past age 65 has its benefits, though it can cause confusion when transitioning onto Medicare from your current health insurance. We’re discussing the biggest mistakes you need to avoid when getting onto Medicare while still working on this episode of The Wise Money Show. With Health Insurance Advisor Ben Bulgrien. Season 9 Episode 36…
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Record Number of 401(k) Early Withdrawals – How to Avoid This
Despite a strong labor market and stock market, data showed that a record number of people took early hardship withdrawals from their 401(k) in 2023. In this episode of Wise Money, we’re discussing why this trend is increasing and what other options are available for you to avoid taking an early withdrawal. Season 9 Episode…
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Tax Planning Changes for 2024
As the tax filing season for 2023 comes to a close, it’s not too early to start thinking about your 2024 taxes. What tax planning changes should be on your radar, and what strategies should you adopt in your financial plan right now to make the most of 2024? We’re discussing those changes in this…
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How to Become a 401(k) Millionaire
Do you have a goal of having $1 million saved up inside your 401(k) and other retirement accounts? Data from the end of 2023 showed the number of people achieving this milestone skyrocketed. We’re sharing tips for how you can achieve $1 million in your 401(k) on this episode of the Wise Money Show. Season…
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The Right Retirement Plan for Self-Employed
When you own your own business or are self-employed, one of the key financial decisions you need to make is what type of retirement plan to set up. With all of the different options and new lucrative tax incentives available, this decision can no longer be an afterthought. We are discussing all of your options…
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Pros and Cons of Health Insurance on Marketplace
If you find yourself between jobs, retiring early, or are self-employed, you’ll likely need to explore getting your health insurance through the Marketplace (Affordable Care Act). We’re sharing the pros and cons of health insurance on HealthCare.gov and tips you need to be aware of during this episode of Wise Money with special guest Health…
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How to Help Your Kids Develop Money Skills
What should you do when your kids appear to lack the skills and maturity to handle money well? As a parent, should you step in and help, or do you let your kid learn their own lesson? Whether you’re managing multigenerational wealth or just observing your kid’s decisions with their own finances, we’re helping you…
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Top Tax Strategies for Retirement
Tax planning is one of the six areas of everyone’s financial life and needs to be considered when making financial decisions. Being proactive and aware of how you can structure your wealth to pay less tax over your lifetime — or multiple generations — can lead to significant tax savings but could be costly if…
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