Tom Sullivan Show
Tom Sullivan Show
Oct 19, 2020
Tom Sullivan Show, October 19, Hour 1
38 min
Why is Trump still campaigning in heavily Republican areas?
Retirement Starts Today Radio
Retirement Starts Today Radio
Benjamin Brandt CFP®, RICP®
Retirement Rewind: The Hidden Challenges of Retirement with Fritz Gilbert, Ep # 168
Welcome to Retirement Rewind! Each year I take the holiday season off from podcasting to spend more time with my family. The good news is that I prepare my favorite episodes from the past for you to enjoy. This episode is an interview with Fritz Gilbert over at the Retirement Manifesto blog. In this interview, Fritz and I discuss his new book, Keys to a Successful Retirement as well as his firsthand experience now that he has recently retired. If you’ve already listened to this episode before you might be surprised to hear the tidbits that you forgot about and if you missed it the first time around, you won’t want to miss the interview this time. Outline of This Episode * [2:37] Why your first cup of coffee in retirement is the best cup of your life * [5:22] Retirement advice for a 38-year-old * [9:53] If you only had $500 to spend on retirement education what would you do? * [13:28] Are we in the golden era of Roth Conversions? * [16:27] A question about chapter 4 of Fritz’s book * [20:21] How to create the ideal retirement You have to experience retirement to really understand it Fritz spent years leading up to retirement trying to understand what retirement would be like. However, after finally retiring, he realized that it isn’t something that you can explain to others. You have to actually experience it yourself to understand. I like his analogy of having a locked door in front of you your whole life and on the day of your retirement, you are finally given the key. What do you think? Do you think the feeling of retirement can be conveyed to others? More than half of all people retire before they think they will Save, save, save! Even if you are one of those people that think they will continue working forever, it is still important to save for retirement. 60% of all people are forced into retirement before they have planned. What if you were forced into retirement tomorrow? Would you be ready? What are you doing now to help yourself prepare for the inevitable time when you won’t be able to work anymore? What is the biggest bang for your buck for learning about retirement? I asked Fritz how he would spend his money if he only had $500 to spend on learning about retirement. It’s not a lot of money to spend on such an important topic, but fortunately, there is so much free content available; you can learn just about anything without too much money. YouTube, podcasts, and blogs provide a lot of information for free. Fritz would spend his $500 in one of two ways. He loves books and feels like they provide a wealth of information. He also values the money he spent on hiring a CFP for a once over on his accounts. As a DIY investor, the peace of mind of having a professional give him the green light was invaluable. If you only had $500 to spend learning about retirement how would you spend it? Create your ideal retirement by embracing your passion Retirement is a fantastic time to devote yourself to the passions that you’ve had to put on the backburner during your working years. Do you have a passion? How will you pursue it in retirement? If you don’t have a passion yet a curious mind can take you a long way to discovering one. Fritz found a passion that he never knew he had. Find out what it is by listening to this interview. Resources & People Mentioned * Garrett Planning Network * XY Planning Network Connect with Fritz Gilbert * Retirement Manifesto * Keys to a Successful Retirement * Fritz on Twitter @RetireManifesto Connect with Benjamin Brandt * Get the Retire-Ready Toolkit: * Follow Ben on Twitter: Subscribe to Retirement Starts Today on Apple Podcasts, Stitcher, TuneIn, Podbean, Player FM, iHeart, or Spotify
28 min
HVAC Shop Talk
HVAC Shop Talk
Zack Psioda
Carbon Monoxide Myths and Discussion | David Richardson
David Richardson returns to the podcast to talk about the silent, deadly gas, carbon monoxide. We talk about testing, identification of problems, and common CO myths as they relate to the HVAC trade. Check out some more content- Support & donate to our podcasts and YouTube channels – Skilled Trade Up! YouTube Channel - HVAC Training Videos YouTube Channel - Skilled Trade Up! YouTube Channel Live Notifification Sign Up (Get texts right before the show starts)- HVAC Training Videos YouTube Channel Live Notification Sign Up (Get texts right before the show starts) - HVAC Shop Talk Instagram - Skilled Trade Up! Instagram - HVAC Traing Videos Facebook Page - Skilled Trade Up! Facebook Page - HVAC Shop Talk Facebook Page - HVAC Shop Talk Podcast iTunes - HVAC Shop Talk Podcast Stitcher App for Android - TruTech Tools Promos (use the "SHOPTALK" code to save 8%) -
1 hr 2 min
Farm4Profit Podcast
Farm4Profit Podcast
Tanner Winterhof & David Whitaker
Updates for Tax Planning Season w/ Kyle Woiwood CPA
The tax planning habits of elite farmers? - free DEMO - gift guide - to learn more! * Introduction * What’s happening * Commercial (one minute) * Walkabout Motherbins The Walkabout Mother Bin is an essential piece of harvest equipment offering a large, portable grain storage solution (4,000-bu capacity) and a 22″ Elmer’s unload auger. * When in operation, the Walkabout Mother Bin allows the combine to run continuously, eliminating the need to stop and unload. * Keep the combine running. Reduce trucks, labor and grain cart cycle times. * Has the ability to blend grain with front and rear flow gates. * The Mother Bin will allow you to keep up if you are not keeping up in your current harvest situation or if you are keeping up it will allow you to reduce your machines, trucks and labor. * What’s working for Ag – GRANULAR (20 minutes) * Profitability is the primary goal of all business ventures. Without profitability the business will not survive in the long run. So measuring current and past profitability and projecting future profitability is very important. * Whether you are recording profitability for the past period or projecting profitability for the coming period, measuring profitability is the most important measure of the success of the business. A business that is not profitable cannot survive. “ If you aren’t farming for profit, then you won’t be farming for long” * To Guest: What ways do you know of farmers monitoring and recordings their profitability and break-even? * (1)What could our listeners accomplish by having good detailed records? * Making a profitable crop choice * Saving on inputs * Compare and or Benchmark * Have speed in decision making * Derecho * Purchases * Opportunity * Control * Clear goals * Task oriented * Making changes on the fly * (2) Increasing profitability is one of the most important tasks of business managers. Managers constantly look for ways to change the business to improve profitability. * What changes have you seen farmers making to increase their profitability? * Variable rate technology/field scripts * Analyzing delivery locations, dates, basis * Watching expenses and invoices * Can Granular’s programs help with this? * What are some examples of how Granular can help monitor break even and profit margins? * Farm by farm – acre by acre levels * Tracking harvest * Talks with Deere and others * Schedule tasks for employees * Others * (3) Who should be paying attention or monitoring? * Farms of all sizes * Owners and employees, who else? * Who off the farm? * Accountant * Banker * Advisors? * Can monitoring be used to create incentive packages? * If you can track effectively how well your farm is doing. Could employees be rewarded for doing a good job? * Give ownership and develop responsibility * Have any users of Granular used the program for this? * Our topic for today is tax preparation. Is Granular a program that can help with this process? * Remind our listeners we have a partnership in place for 10% off up to $1000 * Taxes ….they still matter A LOT (Kyle Woiwood) * Introduce the guest. * Kyle is a Tax Director at LWBJ focusing on tax compliance & consulting. He is a CPA, graduated from UNI in 2011, & has lived in Ames since 2015. He works with many different types of clients & industries, including technology, real estate, ag, & bio-science. He enjoys visiting family and friends, golfing, all whiskey’s, and trying new craft breweries. * Why is it important to have a tax planning meeting before the end of the year? * When you sit down with a client what is key for the farmer or ag business owner to bring with them to your meeting? * Before Year End * After Year End * Why is it important to work with a CPA? * What are some of the updates we are facing this year as it relates to ag and ag business? * 2018 Farm Bill – ARC County/PLC Payments (GI) * Market Facilitation Payment (GI) * CFAP1 & CFAP 2 Payments (GI) * Syngenta Lawsuit Settlement Payment * Crop Insurance Proceeds * PPP or EIDL Loans * Most farmers work to prepay expenses to help mitigate income levels….As an accountant what is your take on section 179? * Can be used for purchases and leases * Where do you see the tax code for AG headed if the election stands as called? * Estate tax, Others, etc…. * For those who either don’t believe in tax planning, regularly take losses, or who haven’t been tax planning “winging it” what would you say to them or advice you would give them to get started? * If a farm operation or farmer is reaching 3-5 years from wanting to retire, what advice would you give to begin working on that plan? * Suggestions for transferring assets to the next generation * Gifting levels? * What are some questions our listeners should have prepared for their meetings with their tax preparers? * What do you see your top tier of clients doing that your believe got them there or keeps them there. Both financially and on their farms in general. * Are there any other points you’d like to share with our listeners? * Summarize * Challenge * Reminder * 10% off up to $1000 * 20% off your whole order code FARM4PROFIT
52 min
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