Are you thinking about boosting your financial situation in 2024? Pure's Financial Planner, Bill Hodapp, CFP®, CPA, AIF®, discusses strategies aimed at refining your budgeting, optimizing tax management, and elevating your investment approach for the year.

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0:00 Intro
1:45 Personal Finance Goals
3:15 Creating a Budget
5:21 50/30/20 Strategy
6:03 Review and Manage Debt
7:11 Taxes
Tax filing deadline: April 15th
9:12 Tax Diversification
Tax-free, taxable, tax-deferred
18:16 Questions
If I do a Roth conversion this year, can I still contribute money to my Roth?
I have $480,000 in my Traditional IRA, can I convert the entire thing to Roth IRA?
19:19 Portfolio Revamp
20:26 Maxing the Match
21:55 Cash Flow example
25:30 Investment Growth – the power of comping growth
26:02 Investing Basics
27:00 Investment Choices
27:17 Cash Alternatives
27:43 Bonds
28:07 Bond risks
29:53 Stocks
30:24 Types of stocks
Common & Preferred
30:47 Avoid Market Timing
32:53 Asset Allocation
33:57 Portfolio Diversification
34:13 Questions
My portfolio is 70% stocks and 30% bonds in my traditional IRA, brokerage account, and Roth IRA. Should it be 70/30 across all three?
What do you think of investing in Trust deeds making consistent 10% or more annually?
35:51 Estate Plan Considerations
38:40 Questions
When I start RMDs at 73 for me, how long do I have to take all my money out of my Pre-Tax IRA? I actually have a TSP as I am Federal but how long can I keep it in after RMD has started?
When mixing an RMD and a Roth Conversion, it is clear that the RMD amount may not be used for the Conversion, but does the RMD have to be completed before the Conversion is performed?

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IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
CPA - Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.
AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.