Money Tree Investing

You have likely heard, "Annuities are not bought, they're sold". Stan "the annuity man" Haithcock knows all about annuities, and knows why there is so much negativity around this financial product. Variable, fixed, immediate, indexed: It can all be confusing to a person who doesn't know what annuities are. "If you are looking for market returns, you should never ever ever buy any type of annuity. If you are looking for income or principle preservation, or maybe some long term care issues, then an annuity may fit." Stan asks everyone to answer these two questions: 1. What do you want the money to contractually do? 2. When do you want those contractual guarantees to start? From this point, you can determine if you actually need an annuity - and what type. For more information, visit the show notes at https://moneytreepodcast.com/243

Lane Kawaoka recently quit his job because he's built an income from real estate investments. He shares the journey to owning more than 2,100 units across the United States while living in Hawaii. Lane's mission is to help hard-working professionals out of the rat race by reverse-engineering the wealth building strategies of the rich. You can hear some of those strategies on his podcast, Smart Passive Cash Flow. Then our panel discusses the various ways to invest in real estate, including "live-in flipping", crowdfunding, tax liens, lease options, and self-directed IRAs. For more information, visit the show notes at https://moneytreepodcast.com/242

How do you bring up the concept of money with your kids? John Lanza joins us to talk about age-appropriate conversations about money, allowance, and how important it is to have your kids learn how to save up for a goal at an early age. Then the panel discusses kids and investing. For more information, visit the show notes at https://moneytreepodcast.com/241

Are you getting all the tax benefits possible? How about getting benefits after the taxable event? Matt Chancey joins us to talk about Economic Opportunity Zones. What is the time value of money? Can you benefit from a stepped-up basis after holding an asset for 10 years? Listen to the show for more. For the show notes at https://moneytreepodcast.com/240

Brynne has one child with special needs. How does this change the way she does her financial planning and investing? In general, her plan is to "save everything". But even doing that, Brynne says she does not "max out my retirement accounts to a point where I feel that an ABLE account or a Special Needs Trust is necessary or necessarily financially viable." ABLE stands for "Achieving a Better Life Experience Act", which are tax-advantaged savings accounts for individuals with disabilities and their families Listen in as Brynne explains how ABLE accounts work, how someone would benefit from having an ABLE account, and how she's working to live a beautiful life within the choices and parameters available to her. For more information, visit the show notes at http://moneytreepodcast.com/239

Marco began investing in real estate at the age of 18 with a single townhouse that he bought, renovated, leased, and managed himself. He continued building his real estate portfolio over the years up to 84 units with additional single-family homes, duplexes, and small apartments. Marco is an expert in the ins and outs of real estate investing and has been helping investors create wealth and passive income for the past 15 years through Norada Real Estate. For more information, visit the show notes at http://moneytreepodcast.com/238

What is the difference between a traditional IRA and a self-directed IRA? Kirk Chisholm of Innovative Wealth, and a regular panelist here on the Money Tree Investing Podcast, says "There's no technical difference. It's more of a marketing language that people use". "The self-directed IRA came about years ago as a way to distinguish between an IRA that's investing outside of the stock market versus an IRA that's investing in more traditional investments." Kirk should know. Self-directed IRAs is his specialty. Listen as Joseph Hogue learns more about these interesting and unique investment options and then joins our panel to discuss the "red lights" of what to look out for. For more information, visit the show notes at http://moneytreepodcast.com/237

FinTech is making an impact in the world if investing. Dr. Sean Stein Smith joins us to share what he says are the three major trends in accounting and finance: 1. Blockchain and cryptocurrencies 2. RPA: Robotic Process Automation 3. Entrepreneurial Angle Then our panel gets together to discuss how these trends may effect their work in professional services. For more information, visit the show notes at http://moneytreepodcast.com/236

Traditional thinking, as described by the industry and promoted by media, is to save in retirement accounts and live off of Social Security in your golden years. Jack Bosch describes this as "The Pile of Money Theory": Work until you are age 65, put 10 percent of your income to the side, and by retirement you will have saved up enough to live without running out of cash. Jack proposes the "Cash Flow for Life" approach: Money that comes in from the investments you have built such as: • Dividend stocks • Royalty payments • Business investments • Real estate Listen as Jack shares his story out of debt, the strategies they used to generate income, and ultimately purchase assets that provide him Cash Flow for Life. For more information, visit the show notes at http://moneytreepodcast.com/235

Wouldn't it be great if you could trade for a living? Roger Dowd traded for a living and shares his experiences, and warnings, for people who want to follow this path. Technology has helped redefine the definition of a trader. Roger Dowd says, "Most people who view themselves as traders, if they are doing it right they are actually investors." He discusses how AI is coming into the space and what we could see in the coming future for investors. Then Miranda joins Kirk in our panel discussion. Kirk describes how Investing for a living is a lot like job: You wake up, assess the markets, put together your buy and sell orders for the day, set limits, etc. For more information, visit the show notes at http://moneytreepodcast.com/234