Send us a text

Discover how to transform your retirement strategy with the power of Roth conversions! What if you could grow your retirement savings tax-free and enjoy financial freedom in your golden years? Join us on Bullshit on Stilts as we unravel the mechanics behind shifting your traditional IRA funds into a Roth IRA. We highlight the strategic use of Roth IRAs to minimize tax burdens and maximize tax-free growth and withdrawals. Our lively discussion, peppered with humor and expert insights, aims to empower you with the knowledge to make informed decisions for your financial future.

In this episode, we also tackle common misconceptions about Roth conversions and provide clarity on tax implications. We'll guide you through a scenario where a fixed indexed annuity can create a tax-neutral conversion process—turning traditional savings into tax-free wealth without the financial sting. We emphasize the importance of asking the right questions and challenging your financial advisor to ensure you get the best advice possible. Whether you're a seasoned investor or just contemplating your retirement plans, our insights will help you confidently navigate these complex financial waters. Tune in and arm yourself with the tools to secure a prosperous retirement!

Developing your financial bullshit sniffer one episode at a time.

Send us a text

Unlock the secrets of financial advertising as we uncover the truth behind those too-good-to-be-true offers in our latest series, "Bullshit on Stilts." Ever been lured by promises of "can't lose" investments or "tax-free retirement accounts"? Get ready to sharpen your "bullshit sniffer" and see through flashy social media claims designed to dazzle and deceive. We promise you'll leave this episode equipped with the tools to scrutinize the allure of terms like TFRA and other buzzwords popping up during open enrollment season.

Join us as we peel back the layers of misleading marketing, especially the enticing world of tax-free retirement accounts and cash value life insurance. With a mix of serious analysis and a sprinkle of humor, we dissect these so-called "rich man's Roths" to reveal the truth behind their grandiose promises. Explore the ethical implications of these strategies and understand why transparency is crucial in financial planning. Don't miss our engaging discussion about the power of social media advertising and how to distinguish fact from fiction while navigating the financial services landscape.

Developing your financial bullshit sniffer one episode at a time.

Send us a text

What if navigating healthcare costs didn't feel like decoding a secret language? This episode of Bullshit on Stilts takes you deep into the maze of healthcare expenses, likening them to an unavoidable cover charge that drains your finances, just like unexpected fees at a nightclub. We tackle the double-edged sword of healthcare and retirement savings, drawing intriguing parallels between the evolution of the financial services industry and the current state of health insurance, controlled by giants like Blue Cross and UnitedHealth. By breaking down the infamous 'charge master' prices and examining how insurers negotiate discounts, we shed light on the complex dynamics affecting your pocketbook.

Ever wondered why a $550 insurance premium could lead to a staggering $3,400 MRI bill? We demystify this perplexing scenario using our Chex Mix Paradox analogy, illustrating the frustratingly opaque world of medical billing. You'll learn about potential cost-saving avenues, such as charitable care at nonprofit hospitals, and the lifesaving financial assistance programs mandated by Section 501R of the IRS code. Our discussion emphasizes the importance of being informed and proactive, as understanding these options can make a significant difference in managing hefty medical expenses, and keeping more of what you earn inside your house rather than the health care house of cards.

Balancing risk and affordability in healthcare is a personal journey fraught with tough choices. We delve into the nitty-gritty of fully insured plans versus exchange options, offering strategic advice for families grappling with traditional insurance costs. Explore alternative pathways that, while not perfect, provide customizable financial exposure for significant medical events. By evaluating spending priorities and assessing the level of health care risk you're comfortable with, we aim to help you navigate the complicated healthcare landscape with more confidence and clarity. Tune in for a mix of serious analysis and a touch of humor, all in a space that's 99.1% bullshit-free!

Developing your financial bullshit sniffer one episode at a time.