20 Minutes of Clarity | How Will Tax Reform Affect Me?

20 Minutes of Clarity | How Can I Maximize Social Security and Pension Income

Andy and Jason discuss the importance of getting the most our of Social Security and your pension. Many people are unaware, for example, that there are more than 500 diferent claiming strategies for Social Security. Overall Americans have lost $3.4 trillion in income by claiming benefits at the the wrong time. That comes out to an average of $110K per household.

20 Minutes of Clarity | Protecting Wealth From Taxes and Distributions

Jason and Andy talk about strategies to protect your assets form excess taxes when taking RMD's and other distributions.

20 Minutes of Clarity | How Will Tax Reform Affect Me?

As you know, 2025 is a year of tax reform, and there are many moving pieces. Jason and Andy cover some of the important considerations.

20 Minutes of Clarity | How will my passive income be taxed in retirement?

Jason and Andy discuss the tax implications of passive income and investing.

20 Minutes of Clarity | How to Generate Passive Income In Retirement

Jason Noble and Andy Merchant with Prime Capital Financial discuss the advantages of passive investing and passive income in retirement. In retirement, passive income refers to generating income that requires minimal or no ongoing effort after the initial investment or setup, like rental income, dividends from stocks, or royalties from intellectual property. Here's a more detailed explanation: What is Passive Income? * Definition: Passive income is income generated from assets or activities that require little to no ongoing effort or active participation from the income earner. * Examples: * Investments: Dividends from stocks, interest from bonds or savings accounts, or rental income from real estate. * Business: Royalties from intellectual property (like books, music, or inventions), or income from online businesses with automated systems. * Contrast with Active Income: Active income is earned through direct labor or effort, such as salaries, wages, or commissions. Why is Passive Income Important in Retirement? * Income Stream: Passive income can provide a steady stream of income during retirement, supplementing other sources like Social Security or pension plans. * Financial Security: It can help retirees maintain their standard of living and cover expenses without needing to work full-time. * Flexibility: Retirees can enjoy their retirement years without the pressure of needing to work for income. * Diversification: Diversifying income sources, including passive income, can help mitigate financial risks. Examples of Passive Income Strategies for Retirement: * Real Estate: * Rental Properties: Own and rent out properties to generate monthly income. * REITs (Real Estate Investment Trusts): Invest in companies that own, operate, or finance income-producing real estate without direct ownership. * Investments: * Dividend Stocks: Invest in companies that pay out a portion of their profits to shareholders as dividends. * Bonds: Invest in debt securities that pay regular interest payments. * High-Yield Savings Accounts: Invest in savings accounts with higher interest rates than traditional savings accounts. * Business: * Royalties: Earn income from intellectual property like books, music, or inventions. * Online Businesses: Create and sell digital products or services with automated systems. * Affiliate Marketing: Promote other people's products and earn a commission on sales.