Airdate: 09/30/2023
Josh dives into the advantages and drawbacks of different tax-exempt income sources such as Roth IRAs, municipal bonds, and permanent life insurance, emphasizing the value of building tax-exempt income for potential future tax hikes. He guides listeners on smart financing for expenses like home repairs by considering factors like interest rates and tax implications. When a listener asks about CD rates, Josh transitions to discuss concerns about stock market fluctuations and buying opportunities. The conversation takes a turn as a cautionary tale about long-term care insurance is shared by a caller, leading Josh to explain the options for long-term care insurance, especially in your 70s. He also offers advice on asset allocation for older individuals, stressing the importance of having an equity component to fight inflation.
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