3432: [Part 1] Transferring a Primary Residence to Children by Sean Mullaney of FI Tax Guy on Legacy Decisions
23/1/2026 | 8min
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3432:
Sean Mullaney breaks down the key legal and tax considerations for parents looking to pass their home to their children, whether they’re minors or adults. From the flexibility of revocable living trusts to the potential pitfalls of joint tenancy, this episode offers a clear, practical guide to making informed decisions while avoiding costly mistakes.
Read along with the original article(s) here: https://fitaxguy.com/2020/08/
Quotes to ponder:
"It is often best to work with a lawyer to transfer the primary residence to a revocable living trust."
"The best thing about a revocable living trust: as long as the grantor(s) is/are alive, the trust is fully revocable! So mistakes can be easily fixed."
"Parents placing their primary residence in their own revocable living trust does not necessitate the filing of a federal gift tax return (Form 709)."
Episode references:
IRS Publication 551: https://www.irs.gov/publications/p551 Learn more about your ad choices. Visit megaphone.fm/adchoices
3431: How Many Savings Accounts Should I Have? by Christine Luken on Cash Organization
22/1/2026 | 7min
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3431:
Christine Luken offers a balanced approach to savings by recommending at least two accounts, one for emergencies and another for planned purchases, with a third for taxes if you're self-employed. Her system helps you stay organized, avoid debt, and plan ahead without overcomplicating your finances.
Read along with the original article(s) here: https://www.christineluken.com/how-many-savings-accounts/
Quotes to ponder:
"I advise my clients to have at least six months of their household expenses in their emergency fund."
"Having a healthy emergency fund ensures that a stretch of bad months in the business won’t ruin your personal financial health."
"You don’t want to owe the IRS back taxes. They have the leverage to make your life miserable."
Episode references:
Mint: https://mint.intuit.com Learn more about your ad choices. Visit megaphone.fm/adchoices
3430: Do This With Your Vacation Time From Your Job to Make More Money by Dustin Heiner of Master Passive Income
21/1/2026 | 8min
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3430:
Dustin Heiner challenges conventional thinking about unused vacation hours, proposing a strategic way to spend rather than cash them out, allowing you to keep earning benefits, avoid high taxes, and extend your income even after you've stopped working. This mindset shift not only saves money but can ease the transition from employee to entrepreneur.
Read along with the original article(s) here: https://masterpassiveincome.com/cash-out-vacation-time-accrual
Quotes to ponder:
"Wouldn’t it be nice to still be employed, get paid your normal salary, and earn more vacation time, all while you have already quit working?"
"You accrue more vacation time when you spend it."
“You can’t put a monetary value on your free time, because you’re paying for it in mental and physical health.” Learn more about your ad choices. Visit megaphone.fm/adchoices
3429: How to Transfer Your Brokerage Account by Jeff Rose of Good Financial Cents on Investment Relocation
20/1/2026 | 8min
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3429:
Jeff Rose breaks down the surprisingly simple process of transferring your brokerage account, even if you're leaving a financial advisor. Learn how to avoid hidden fees, reduce delays, and make sure your investments move seamlessly using the ACAT system, all while sidestepping the frustration of awkward conversations with your current firm.
Read along with the original article(s) here: https://www.goodfinancialcents.com/brokerage-account-transfer-fees/
Quotes to ponder:
"Many people don’t realize how easy it is to actually transfer your brokerage account elsewhere. It’s easier than switching banks."
"Make sure you can see exactly how much you would pay if you had to pay anything at all."
"Verify with your insurance company before liquidating any annuity contracts."
Episode references:
SEC Guide to Account Transfers: https://www.sec.gov/about/reports-publications/investorpubsacctxferhtm Learn more about your ad choices. Visit megaphone.fm/adchoices
3428: Accredited Investor: The Benefits of Being One by Amanda Kruse of Women Who Money on Advanced Investing
19/1/2026 | 10min
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3428:
Amanda Kruse breaks down what it means to be an accredited investor, who qualifies, and why gaining this status can open doors to high-return investment opportunities like venture capital and real estate crowdfunding. While the benefits include diversification and access to exclusive deals, Kruse stresses the importance of due diligence and the risks that come without SEC protections.
Read along with the original article(s) here: https://womenwhomoney.com/accredited-investor-benefits-of-being-one/
Quotes to ponder:
"You have access to a broader range of investment options not available to everyone, such as real estate crowdfunding and venture capital."
"Some riskier investments available to accredited investors have the potential for higher returns."
"If you’re newly accredited, start small and only invest in what you understand."
Episode references:
Worthy Bonds: https://worthybonds.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Sobre Optimal Finance Daily - Financial Independence and Money Advice
Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone.
Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals.
This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future.
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