Tag: 401(k) Plans
7 Tax Myths

7 Tax Myths

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With over 30 years as a CERTIFIED FINANCIAL PLANNER™ specializing in telecom retirement, Dennis combines humor and clarity to debunk common tax myths. Through engaging stories, he offers fresh perspectives on complex topics like billionaire taxes, corporate levies, and home capital gains, making it easier for listeners to grasp the realities behind these often misunderstood financial issues.

This episode sets the record straight on:

  • Tax contributions from billionaires
  • The impact corporate tax has on consumers
  • Why interest and dividends are taxed differently
  • Mortgage interest deductions and why they are often misunderstood
  • And more

Connect with Dennis O’Keefe: 

All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. 

We believe the information presented to be reliable but is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions.
The Importance of Specialization

The Importance of Specialization

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While most people seek specialists for healthcare, many still rely on general advice for their finances. Just like you’d consult an expert for a second opinion or diagnosis, your financial health deserves the same level of specialized care and attention.

In this installment of Your Telecom Retirement, Dennis O’Keefe highlights the vital role of specialization in fields like finance, taxes, legal matters, and retirement planning. He explains that while general practitioners and DIY tools can be helpful for basic needs, they often fall short in handling complex situations. 

Don’t sell yourself short. When the stakes are high, invest in expert advice. 

Highlights from today’s episode include:

  • Specialization in finance is essential for addressing unique complexities
  • A specialized CPA can offer tailored advice for intricate financial scenarios
  • For critical matters like estate planning, seek help from a specialized attorney 
  • Specialists provide deeper expertise compared to general practitioners in complex situations
  • And more!

Connect with Dennis O’Keefe: 

All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. 

We believe the information presented to be reliable but is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions.
Retirement Roadblocks

Retirement Roadblocks

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Taking control of your retirement is much like navigating around unexpected roadblocks. It’s about being proactive, staying informed, and most importantly, knowing that you can always find a way around it. 🚧

Dennis O’Keefe discusses various roadblocks to retirement, drawing parallels between unexpected traffic disruptions and financial challenges that individuals face as they approach retirement. Through personal anecdotes and client stories, Dennis highlights the importance of being aware of financial obligations, the impact of adult children living at home, and the necessity of allowing children to experience struggle for their growth.

Dennis touches on: 

  • Unexpected roadblocks can significantly impact your retirement plans, so it’s crucial to prepare for them in advance.
  • Factoring in home maintenance and upkeep is essential when planning for a comfortable retirement.
  • High mortgage debt or education costs can affect your retirement goals, making it important to have a clear strategy to manage these expenses.
  • Fostering financial independence in your children plays a vital role in ensuring your own secure retirement.
  • And more!

Connect with Dennis O’Keefe: 

All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. 

We believe the information presented to be reliable but is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions.
Presidential Economic Policies: How Will The Election Affect My Finances?

Presidential Economic Policies: How Will The Election Affect My Finances?

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As the presidential race heats up, the future of your retirement savings might be hanging in the balance. Dennis O’Keefe is here to help you navigate this crucial crossroads with a deep dive into the economic policies proposed by the candidates.

In his latest analysis, Dennis breaks down the economic promises made by the leading presidential contenders, translating complex proposals into clear, actionable insights. Whether it’s tax reforms that could affect your investment returns, new regulations on price-gouging, or changes to trade tariffs, Dennis offers a roadmap to help you understand how these policies might influence your retirement strategy.

Don’t let the uncertainty of an election year catch you off guard. 

Join Dennis as he explores the potential impacts of each candidate’s economic agenda on your financial future. Your retirement plans deserve to be as prepared as possible—get informed and stay ahead of the curve!

Key points revealed in this episode include:

  • How the proposed policies of presidential candidates could impact your financial future
  • Why making tips tax-free could complicate the economic landscape
  • The potential pitfalls of implementing price-gouging laws
  • A clear picture of how trade tariffs can influence inflation and consumer prices
  • And more!

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All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. 

We believe the information presented to be reliable but is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions.
Why I Hate School

Why I Hate School

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Host Dennis O’Keefe can still remember the crippling anxiety he would feel every August knowing that his re-entry to school was just around the corner. 

Join him as he shares his candid perspective on the evolving education system. From rising tuition costs to how to choose the right degree, he explores key decisions that can help shape your financial future. Plus, discover alternative educational paths that lead to success—without the heavy financial burden.

This episode highlights the following:

  • Financial decisions driving the rising costs of post-secondary education
  • The diminishing value of traditional college degrees and alternatives
  • Tips for selecting degrees with strong income potential
  • Exploring trades and other educational paths 
  • And more!

Connect with Dennis O’Keefe: 

 

All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. 

We believe the information presented to be reliable but is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions.
Habits of Secret Millionaires

Habits of Secret Millionaires

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Could your neighbor be a millionaire? 

Distinguishing true wealth has become increasingly difficult, with luxury brands more accessible and credit cards offering a deceptive sense of affluence. In a world where it’s easier than ever to keep up with the Joneses, appearances can be deceiving.

But, how do REAL millionaires act, think and manage their money?

Gain a deeper understanding into the habits of millionaires as Dennis O’Keefe explains financial frugality, the importance of organization, how to effectively invest, and the critical mindset of staying invested for the long haul.

Dennis discusses: 

  • The frugality of secret millionaires and how it differs from being cheap
  • The importance of organization in monitoring investments and managing finances
  • Investing strategies that align with long-term goals for real wealth creation
  • The mindset of staying invested even in uncertain times
  • And more!

Resources:

Connect with Dennis O’Keefe: 

 

All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. 

We believe the information presented to be reliable but is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions.
How To Weather The Sensationalism Storm

How To Weather The Sensationalism Storm

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No matter where you are or who you’re with, casual conversations often touch on the weather. Did it enhance or impede your plans? Are you prepared for the expected heatwave, hurricane, or blizzard?

In today’s mainstream media, sensationalism has become the norm, particularly in weather and finance reporting. How does this impact our perception and decision-making? What can we learn from past experiences to avoid common pitfalls?

In this conversation, Dennis O’Keefe explores the sensationalism surrounding weather reporting and its parallels with the hype often found in investing. He discusses the importance of maintaining a level head when making financial decisions, especially in a culture obsessed with excitement.

Get valuable insights into why maintaining a boring, steady approach to investing is often the best path to long-term financial health as Dennis highlights:

  • The impact of sensationalism in both weather reporting and investing
  • A look at how hype can lead to poor investment decisions, using examples from Schwab and Robinhood
  • Insights into historical investment trends, like the GameStop and AMC craze
  • Practical advice on maintaining a balanced, cautious approach to portfolio management
  • And more!

Connect with Dennis O’Keefe: 

 

All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. 

We believe the information presented to be reliable but is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions.
Why High Interest Rates Aren’t So Bad (Ep. 100)

Why High Interest Rates Aren’t So Bad (Ep. 100)

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Everyone is griping about high interest rates, and for some good reasons, however, there are benefits to high rates in the current economic climate, especially when it comes to corporate accountability. 

Listen as Dennis O’Keefe, CFP® shares his opinion on why rising interest rates should compel companies to focus on genuine innovation to stay competitive. The necessity to innovate, driven by economic pressures, mirrors the successes of tech giants like Apple, Google, and Nvidia, who built their empires on groundbreaking advancements.

Top takeaways from today’s episode include:

  • The competitive nature of financial markets due to high interest rates
  • How higher interest rates provide more real returns on savings
  • The impact on corporate management and innovation
  • The potential long-term benefits for the economy and individual investors
  • And more!

Connect with Dennis O’Keefe: 

All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. We believe the information presented to be reliable but is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions. 

Financial data for this episode is courtesy of Yahoo Finance.
Is Social Security Going Bankrupt?

Is Social Security Going Bankrupt?

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Are you worried about the future of Social Security and what it means for your retirement?

In this episode of Your Telecom Retirement, Dennis O’Keefe explores how Social Security works, demystifies common misconceptions, and provides a comprehensive look at what it means for the system to go “bankrupt.” 

You’ll learn about the historical context, the intricacies of the Social Security trust fund, and what potential changes Congress might implement to ensure the program’s longevity. 

Dennis discusses: 

  • The origins and evolution of Social Security from its inception in 1935
  • The real meaning of Social Security “going bankrupt” and its impact
  • Detailed analysis of the Social Security Trust Fund and its role
  • Potential future reforms and their consequences 
  • And more!

Connect with Dennis O’Keefe: 

All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. 

We believe the information presented to be reliable but is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions.
Economic Opinion: Why The Immigration Policy Needs To Change

Economic Opinion: Why The Immigration Policy Needs To Change

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How does immigration impact our economy?

In today’s episode, Dennis O’Keefe dives into the economic implications of immigration, sharing fascinating anecdotes and offering practical solutions to this complex issue. Gain a deeper understanding of how immigration policies can shape our financial future and the steps we can take to reform the system for economic benefit.

Dennis discusses: 

  • The impact of xenophobia on immigration policies and economic growth
  • Real-life stories highlighting the long-standing history of immigration in the U.S.
  • The economic benefits of first and second-generation immigrants
  • Practical solutions to immigration reform and the potential economic boost
  • And more

Connect with Dennis O’Keefe: 

All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. 

We believe the information presented to be reliable but is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions.