In 2001, Congress approved the 402A rule to the US tax code, allowing employees to designate a portion or all of their elective deferrals as Roth contributions within employer-sponsored retirement plans like 401(k) and 403(b) plans. This designation means that employees pay income taxes on contributions upfront rather than when they withdraw the funds... or, in essence, paying tax on the seed instead of the harvest.

In this episode David dives into the "Rothification" of retirement accounts... why it's important to understand the math behind this process from both the individual perspective and the federal government viewpoint. David will also share about how savers can use other ways to boost Roth IRA and 401(k) balances ahead of the 2025 tax deadline

With the Presidential election just days away, it’s important to look at where the candidates stand on Social Security, the national debt and more.

In this episode, David Hays and guest Doug Hughes talk about financial control by Americans and by the US government. With the 2025 tax cuts up in the air, a lot is on the line for millions of people – David and Doug talk about the financial needs of Baby Boomers and their children and the value of diversification. There is a lot to consider when listening to this episode – enjoy!

We’re back with a new season of 2025: The Final Drive!

In this episode, David discusses the idea of “Bond Vigilantes” – when are countries going to stop buying American debt? The US is nearing the point where it will spend more money on debt than defense spending. Listen to David talk about how the US got out of debt after World War II and what the next President will need to do about the national deficit.

What does that mean for Americans? You’ll have to listen to the full episode to find out.

A silver tsunami is coming this year, as more than four million Baby Boomers turn 65 in 2024.  

In the episode, David shares about some of the top IRA rulings for 2023, the importance of emergency savings, federal estate taxes, what listeners can expect this year as part of the SECURE Act… and the possible benefits of moving to Florida.

Grab a slice of pie (there’s a reason for that teaser) and enjoy!

https://www.cfci.us/2025-the-final-drive

With 2023 ending in just a few weeks, David has a few things to consider regarding taxes.

Mutual fund gain distributions, tax penalties, lost harvesting, wash sale rules and phantom gains are all touched on in the podcast.

Take the time to listen and take necessary action before the end of 2023!

https://www.cfci.us/2025-the-final-drive

With the end of 2023 just weeks away, many people are looking to pay the taxes on a Roth IRA conversion… but what is the best way to do so? 

This week David will offer some different ideas, including paying out-of-pocket or taking a 401k loan.

Listen in to hear some options on minimizing the pain of paying those taxes now… and remember the pain later could be a lot worse.

https://www.cfci.us/2025-the-final-drive

Depreciation may sound like a bad thing to some people, but it can be a benefit when it comes to finances.  On this episode, David Hays welcomes Martin James, CPA, back to discuss various aspects of depreciation on property, the differences in active versus passive real estate investing, land leases and the potential tax benefits of loans.

https://www.cfci.us/2025-the-final-drive

Description – Debt is a part of life for many people, and it’s always important to manage your debt appropriately. 

On this episode, David and Marty James, CPA, discuss the benefits of having cash available versus using credit, as well as the importance of having a steady income stream in retirement. 

David and Marty also share about the potential benefits of doing a Roth IRA conversion in preparing for retirement.

https://www.cfci.us/2025-the-final-drive