Your Money & Your Life Podcast

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How Could the Capital Gains Tax Affect You?

President Biden is approaching 100 days in office and is about to hold his first joint session in Congress. One of the things he’ll be talking about is the capital gains tax proposal. What do you need to know about this?

 

Read more and get additional financial resources here: https://doncashpodcast.com/podcast/how-could-the-capital-gains-tax-affect-you/ 

 

What we discuss on this episode: 

0:30 - Spring brings allergies and storms.

2:35 - Don’t forget about this year’s tax deadline.

3:53 - Biden is coming up on 100 days.

5:22 - What is the capital gains tax?

8:24 - How might this affect everyone?

15:27 - What about the step-up in basis? 

21:06 - What is publication 590-B?

What You Need to Know About Continuing Care Retirement Communities

Are you or someone you know considering living in a retirement community? What should you know ahead of time? What kind of costs might come with that?

 

Read more and get additional financial resources here: https://doncashpodcast.com/podcast/what-you-need-to-know-about-continuing-care-retirement-communities/ 

 

What we discuss on this episode: 

0:37 - Spring has sprung!

1:57 - Senior living communities struggling financially.

5:14 - What if you don’t like it?

6:24 - How has COVID affected these communities?

8:18 - Are people usually satisfied living in these communities?

10:15 - What suggestions does Don have when considering a CCRC?

12:24 - What questions should you ask and assess?

18:50 - Cash Connection: Collecting Social Security as a widow?

22:51 - Getting to Know You: What did Don do with some raffle winnings?

Infrastructure Bill and Future Taxes

If you thought the last COVID relief bill was big, have you heard about the infrastructure bill and the potential tax increases to pay for it? On our last show we talked about the most recent stimulus package and what it entailed. This episode of the podcast we discuss the new infrastructure bill being proposed.

 

Read more and get additional financial resources here: https://doncashpodcast.com/podcast/infrastructure-bill-and-future-taxes/ 

 

What we discuss on this episode: 

0:33 - March Madness is coming to an end.

3:05 - What potential tax increases are we looking at?

6:48 - How reliable are these renewable sources of energy?

8:04 - What other items are included in this bill?

10:36 - Who is paying for this bill?

22:47 - Getting to Know You: What’s the luckiest thing that’s happened to Don recently?

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