Tag: Income
Preparing for Tax Changes: How the Expiration of the Tax Cuts and Jobs Act Could Affect Your Retirement (Ep.12)

Preparing for Tax Changes: How the Expiration of the Tax Cuts and Jobs Act Could Affect Your Retirement (Ep.12)

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Changes to the federal tax code could significantly impact your financial planning and retirement strategies.

What changes might be coming to the Tax Cuts and Jobs Act? How can you prepare for potential tax increases?

In this episode of Your License to Spend, Tim Whisler dives into the intricacies of the Tax Cuts and Jobs Act, exploring its impact on individuals and businesses and the uncertainties surrounding its expiration at the end of next year. 

Tim sheds light on proactive tax planning strategies in anticipation of legislative changes and helps listeners understand how to adapt their financial strategies in an evolving tax landscape.

Tim discusses:

  • The Tax Cuts and Jobs Act: Its impact on tax brackets, standard deductions, and child tax credits
  • Corporate Tax Benefits: How the Act provided tax cuts for corporations
  • Future Tax Planning: The importance of planning for potential tax increases and legislative changes
  • Retirement Strategies: Recommendations for maximizing 401(k) contributions and considering Roth conversions
  • And more!

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Book a Call with Tim:

Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

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How Annuities Work; the Good, the Bad, and the Ugly (Ep.10)

How Annuities Work; the Good, the Bad, and the Ugly (Ep.10)

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Annuities often carry a bad reputation, but could they be the unsung hero of your retirement plan?

In this episode, Tim Whisler breaks down the complexities of annuities, offering a comprehensive look at their various types and features. He explains how these financial tools can play a crucial role in generating retirement income. You’ll get a balanced perspective on the benefits and drawbacks of annuities, helping you make more informed decisions for your financial future.

Tim covers:

  • A breakdown of the four main types of annuities: immediate, fixed, variable, and indexed
  • How each type functions and the potential benefits they offer
  • A discussion on the often-overlooked fees associated with variable annuities
  • Key questions to ask financial professionals when evaluating an annuity

This episode will leave you with a clearer understanding of how annuities might fit into your retirement strategy.

Connect with Tim: 

Book a Call with Tim:

Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

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23. The Psychology Behind Your Money Woes with Maggie Klokkenga

23. The Psychology Behind Your Money Woes with Maggie Klokkenga

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Have you ever felt you were living paycheck to paycheck, or felt stressed when talking to a financial advisor about your financial situation?

Did you know that these reactions have a scientific explanation?

In this episode, Tim Whisler is joined by Maggie Klokkenga, CPA, CFP®, financial coach at Make A Money MindShift, LLC. Maggie shares her journey from financial planning to financial coaching and the fascinating psychology behind our understanding and relationship with money.

Maggie discusses:

  • The importance of understanding your relationship with money
  • The psychology behind monetary struggles
  • How money scripts subconsciously influence everyone
  • And more!

Connect with Tim: 

Connect with Maggie Klokkenga

About our Guest: 

Maggie Klokkenga is a CERTIFIED FINANCIAL PLANNER™ professional and CPA and has worked in the financial industry for almost 25 years. In that time, she’s worked with couples to help them make their money work for them. She’s studying for the Accredited Financial Counselor (AFC) designation because she knows how emotional talking about money can be. Maggie seeks out and continues to receive training that best helps clients use their money to reach their financial goals.

Investment advisory and financial planning services offered through Simplicity Wealth, LLC, an SEC Registered Investment Advisor. Sub advisory services are provided by Advisory Alpha, LLC, an SEC Registered Investment Advisor. Insurance, consulting, and education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth, LLC, and Advisory Alpha, LLC.

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