Bryan and Shane Hopkins and co-host Doug Turnbull do a deep dive on the retirement income vehicle known as an annuity. Bryan explains why they have a bad rap and how some advisors have misused annuities. Shane defines several different kinds of them and how they are an insurance for outliving your assets. Bryan also details how to balance fees with taxes paid on different types of annuities. And they both share how they are happy they got a white Christmas in Idaho – two months late. Schedule a free consultation with Hopkins Wealth Management Group at hopkinswealth.com or call 208-510-6200 Facebook: https://www.facebook.com/hopkinswealth

Bryan and Shane Hopkins and co-host Doug Turnbull discuss funding college. Bryan and Shane break down five vehicles for saving money for it and how they can be beneficial to taxes. They also explain the benefits of starting this process early and what to do with leftover college funds. And Bryan shares a great story about a small financial gift his wife received that has grown exponentially. Schedule a free consultation with Hopkins Wealth Management Group at hopkinswealth.com or call 208-510-6200 Facebook: https://www.facebook.com/hopkinswealth

Bryan and Shane Hopkins and co-host Doug Turnbull discuss teaching children about money. Bryan covers six areas that he focused on with his sons and has learned about from his clients: allowance, tithing, savings goals, vacation budgeting, college planning, and first cars and phones. Shane shares some stories of growing up with Bryan’s tutelage and some tough lessons he had to learn about delayed gratification. Get in touch with Bryan and Shane today by visiting their website!

Shane and Bryan Hopkins talk with co-host Doug Turnbull and listeners about the importance of focusing on more than wealth. Shane shares some tips on nurturing one’s health and Bryan tells a story of three people in their lives that are elderly and in vastly different health states. Bryan also talks about the importance of spending time with kids and valuing experiences with them more than savings. Get in touch with Bryan and Shane today by visiting their website!

Bryan and Shane Hopkins discuss with co-host Doug Turnbull what required minimum distributions are. They share the age that people should take them, what accounts have RMDs, the penalties for not taking RMDs on time, and the strategies to minimize the tax burdens. Bryan and Shane also discuss how they handled Thanksgiving and the cooking competitions they have had.  Get in touch with Bryan and Shane today by visiting their website!

Bryan and Shane Hopkins join co-host Doug Turnbull to break down how real estate has a greater return in a retirement portfolio and is lower maintenance than people think. The father and son talk about different kinds of property and the different ways in which it can be invested and compare this type of investment to more traditional stocks and bonds. Bryan and Shane also rib each other about who deep fries the better turkey and talk about epic Thanksgiving crowds in the Hopkins household. Get in touch with Bryan and Shane today by visiting their website!

Bryan and Shane Hopkins discuss with co-host Doug Turnbull the difficulty of deciding how to compensate family members inside a family business. Bryan and Shane draw upon their experiences to share with listeners from whom they should seek advice and how they should assign roles based on their family member’s skills. Bryan and Shane also discuss becoming a grandfather and uncle, respectively, and how much fun they have with baby Braxton. Get in touch with Bryan and Shane today by visiting their website!

Bryan & Shane delve into the complexities of retirement planning, focusing on the effective use of 401(k) accounts, the differences between Roth and traditional retirement accounts, and the importance of tax planning. They discuss generational perspectives on retirement savings, emphasizing the need for early financial education and strategic planning to maximize retirement income while minimizing tax liabilities. #401k #retirementplanning #taxstrategies #financialeducation #generationalwealth

Bryan & Shane discuss the current economic climate characterized by recession fears and market volatility. They emphasize the importance of having a solid financial plan and remaining logical during uncertain times. The conversation covers strategies for managing investments, the risks of trying to time the market, and the significance of maintaining cash reserves and paying off high-interest debt. #recession #marketvolatility #financialplanning #investmentstrategies

It’s said that nothing in this world is certain but death and taxes. But why leave certainty up to chance? The right advice can point you in a freer, more informed direction. That’s the goal of Money, Taxes, and Freedom, the financial planning podcast from Hopkins Wealth Management Group. Money, Taxes, and Freedom gives you the straight talk on the factors affecting your future, from developments in the tax code to shifts in the marketplace. Listen each week as Bryan and Shane Hopkins bring their unique perspectives on financial planning right to the palm of your hand. Tune in and free up your retirement!

Bryan and Shane discuss the challenges and strategies for running a successful family business. They emphasize the importance of separating family dynamics from business operations and highlight the need for clear roles, responsibilities, and communication within the organization. The conversation also touches on the statistics of family businesses and the potential difficulties in transitioning from one generation to the next. The popular TV show Yellowstone is used as an example to illustrate the complexities of family businesses and the importance of having the right people in the right positions. #retirement #financialadvisor #familybusiness #retirementplanning

The conversation discusses the factors to consider when deciding when to take Social Security. The three main factors are health, heredity, and human nature. Health is important because it affects how long you will live and therefore how long you will receive Social Security benefits. Heredity is also important because it can give you an idea of how long you are likely to live based on your family history. Human nature refers to the individual's personal financial situation and their willingness to delay gratification and make long-term financial plans. #socialsecurity #retirementplanning #financialadvisor #incomeplanning