Inspired Wealth

Inspired Wealth

Inspired Wealth is a podcast to do just that... Inspire Wealth in as many people as possible. We will be talking about all things Financial Planning, or as we call it, Financial Life Planning. Financial Life Planning is about living each day to its fullest while also planning for the important things of tomorrow. Inspired Wealth is hosted by Alan Rhode, CFP®, CPWA®, RLP®, the Founder and CEO of Modern Wealth. Modern Wealth is an independent and fee-only Registered Investment Advisory firm located in Montgomery County, PA and virtually serving clients all over the United States. If you would like to discuss your personal financial situation in greater detail and would like to see if Financial Life Planning is a fit for you, feel free to schedule an Intro Call with us here. The Inspired Wealth podcast and related podcasts are provided for general information purposes only and do not constitute financial planning, investment, accounting, legal, tax, or other professional advice. Visitors should not act upon the content or information found here without first seeking appropriate advice from a financial planner, accountant, lawyer or other professional. To ensure compliance with requirements imposed by the IRS and Circular 230, visitors should know that any federal tax advice contained in this podcast, future podcasts, or linked websites is not intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. We try to provide content that is true and accurate as of the date of publishing; however, we give no assurance or warranty regarding the accuracy, timeliness, or applicability of any of the contents. We assume no responsibility for information contained on this podcast and disclaim all liability in respect of such information, including but not limited to any liability for errors, inaccuracies, omissions, or misleading or defamatory statements. Links to external websites are provided solely for your convenience. We accept no liability for any linked sites or their content and remind you that we have no control over their content. When visiting external web sites, users should review those websites’ privacy policies and other terms of use to learn more about, what, why and how they collect and use any personally identifiable information. Usage of this podcast and its content constitutes an explicit understanding and acceptance of the terms of this disclaimer. If you have questions, please contact us at alan@modernwealthllc.com.

Episodes

August 7, 2022 7 min

Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden, and paying it off may be the first item on your financial to-do list. But competing with the desire to own your home free and clear is your need to invest for retirement, your child’s college education, or some other goal. Please view our full disclosure here

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ESG has moved well into the mainstream and offers products and strategies that work for investors’ values while also working towards their goals. Please view our full disclosure here

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July 29, 2022 8 min

The movement of workers during the pandemic to live and work in other states has created many residency-related tax questions and issues for companies and employees.  Please view our full disclosure here

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If given the choice, would you rather pay capital gains taxes on a large transaction all at once, or put it on layaway and make tax payments over time? If there’s no interest accruing while the tax payments are being delayed and you can invest that money, it would make sense to delay paying taxes right? Please view our full  disclosure here

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May 28, 2022 6 min

Tax planning for retirement is different from the strategies you deploy to minimize taxes while working. You'll be using your investments for income, and the way they are taxed is different depending on the type of account you hold assets in. Please view our full  disclosure here

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Taking a step back from the daily grind and getting perspective on where you are adding value or coming up short can be an excellent way to ensure you are tracking your goals. Working with an outside “sounding board” that has experience with business financial planning and also has your personal wealth goals in mind can bring things together and help you create a plan.  Please view our full  disclosure here

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A Rule 10b5-1 plan is a robust tool for public company executives. Nevertheless, dealing with the complexities of insider trading regulations may require assistance from professionals with expertise in Rule 144, Section 16, and 10b5-1. This is especially true now that the SEC has announced that it may change aspects of the plan’s rules. SEC laws do not require companies to disclose the use of Rule 10b5-1 to the public, but it may b...

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The durability of the now two-year-old housing boom has upended just about everything about the process for buyers and sellers.

Despite consistently dwindling inventory and rapidly accelerating mortgage rates, the time houses spend on the market is close to historic lows. The average is 47 days – but there are markets where the list/open house/offer timeline can be less than a week.

How can a buyer find an edge?

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Employees or company founders that receive equity compensation often must cope with complex tax rules. Utilizing the 83(b) election is a valuable method of reducing tax liabilities, though there are some important caveats. Please view our full  disclosure here

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The financial advisor model has changed over the last several decades. From the investor perspective, these changes provide more options, more transparency, and more of the kind of services that used to be accessible only by those with a great deal of wealth. Please view our full  disclosure here


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March 22, 2022 7 min

Whether you’re at a pre-IPO start-up, a growing public company, or a blue chip that just developed a life-saving vaccine, stock options can provide a boost to your current and long-term wealth. Please view our full  disclosure here

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Building a business is all about taking risk. You put your belief in yourself, your money, time, and more on the line to create something that can grow and succeed. But whether your business will fund your retirement plan, or you hope to create a multi-generational family enterprise, there’s one area of risk you shouldn’t be taking. Please view our full  disclosure here


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Reaching the mid-point of your career isn’t like getting your first high-paying job or the last few years before retirement. Those milestones track closely to age, with the first big job coming in your twenties and retirement happening in your late 50s or early 60s. Please view our full  disclosure here

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March 22, 2022 8 min

Small companies shouldn’t forgo retirement savings just because a 401(k) plan can be expensive to set up and maintain. There are options specifically for smaller businesses: a Savings Incentive Match Plan for Employees (SIMPLE) plan, a Simplified Employee Pension (SEP) plan, and a SOLO 401 (k). Please view our full  disclosure here

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