Smart Money Questions

Weekly investing and financial planning wisdom seeking to provide answers to your financial questions with your host, Matt Hausman.

Should I Take Half of My Ex’s 401k or the Pension?

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Today we’re talking about 401ks versus pensions. Would you rather get a lump sum now or monthly payments over many years? Deb in New Jersey needs our help answering that very question.

 

Read more and get additional financial resources here: https://wp.me/p9B077-NU 

 

What we discuss on this episode:

2:08 – Beneficiaries

8:07 – SECURE Act

12:10 – 401ks and pensions

15:30 – Premature death and pensions

State of Washington’s New Payroll Tax is One to Watch

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On today’s episode we’re talking about a couple conversations we’ve had with clients in Seattle, Wash. and some recent changes that have been put in place. In 2019, the state approved a new payroll tax that is 100% paid by the employee, the first of its kind in the entire country.

 

Read more and get additional financial resources here: https://wp.me/p9B077-NN 

 

What we discuss on this episode: 

2:28 – New Washington tax

5:24 – What’s the benefit?

7:16 – Opt out

8:36 – What are they telling you?

11:48 – The feds

15:40 – Mailbag: Worried about kids

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