Best Advice Podcast Guys

This episode explores how artificial intelligence is rapidly spreading into everyday life and the markets, from widespread ChatGPT adoption to massive corporate spending on AI infrastructure.Guests discuss the investment implications—why buying the latest AI winners can be risky, the slow adoption curve that mirrors past tech revolutions, and the cybersecurity and fraud risks that demand new protections.The conversation also emphasizes the human side: responsible use, maintaining relationships and balance, and the long path from early experimentation to meaningful productivity gains.

Rob Lovaglio and Steven Young break down the essentials of employer 401(k) plans — how to enroll, contribution recommendations, employer matches, investment choices (including target-date funds), tax differences between traditional and Roth contributions, and withdrawal rules. They explain vesting, contribution limits for 2025, and why a 401(k) should be treated as long-term retirement savings rather than an emergency fund.
Whether you’re new to workplace retirement plans or want a refresher, this episode makes the 401(k) simple and actionable so you can start making smarter retirement decisions.

Business owners: if you don’t offer retirement benefits, you risk losing top hires to larger companies. This episode explains the three common small-business options—SEP IRA, SIMPLE IRA and 401(k)—and why a 401(k) with an employer match often provides the best balance of recruitment value, flexibility and tax benefits.Hosts walk through a real example where a safe-harbor 401(k) with a 4% match helped a boutique firm grow from seven to ten employees while allowing the owner to save significantly for retirement. Step one: sit down with an advisor to pick the plan that fits your business goals and budget.

Independent business owners walk through practical retirement options for sole proprietors, including Traditional/Roth IRAs, SEP IRAs, SIMPLE IRAs, and Solo 401(k)s, with clear differences in simplicity, flexibility, and contribution limits.The hosts explain how choosing a Solo 401(k) over a SEP IRA can dramatically increase yearly contributions without changing salary, using a real-client example to show the long-term impact.

Most people think that once you max out your 401(k), the game is over — but that's where the game begins. This episode lays out the exact playbook for what to do next so your money can grow tax-free, beat inflation, and build multigenerational wealth.We cover high-impact moves like the backdoor Roth IRA, mega backdoor Roth, the triple-tax-advantaged HSA, taxable brokerage strategies, real estate and private equity alternatives, and insurance-based options — explaining when and why each one makes sense.Simple, practical sequence and considerations are provided so you can prioritize the right buckets for your goals, taxes, and flexibility.

Discover how a teen’s summer earnings can grow into a seven-figure retirement by using a custodial Roth IRA. The episode explains the math behind compound interest (example: $2,300/year from age 15 at an 8% return grows to about $1.3M), contrasts starting early versus starting at 30, and shows how much more you’d need later to catch up.It also reviews alternative savings options—529 plans, UGMA/UTMA custodial accounts, and high-yield savings—and outlines the Roth IRA basics, requirements (earned income and a custodian), and the tax benefits of tax-free growth and withdrawals.

This episode breaks down the Mega Backdoor Roth strategy: how self-employed individuals can use a Solo 401(k) to push far beyond standard Roth contribution limits by combining employee and employer contributions and performing in-plan Roth rollovers.
Hosts explain contribution limits, step-by-step mechanics, a real example, and why this approach can create significantly larger tax-free retirement savings over time.
 
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This episode explains the backdoor Roth IRA—how high earners who exceed Roth contribution limits can use a traditional IRA contribution followed by a conversion to secure tax-free growth and withdrawals.Hosts cover contribution limits, the conversion process, a real client example, and practical tips for doing the strategy safely with a financial planner.

In this episode we explain the step-up in basis: when you inherit assets, heirs receive them at current market value instead of the original purchase price, often wiping out decades of taxable gains. Using a real case where land bought for $40,000 in the 1970s was worth $1.8M at death, the step-up reduced a potential $362,000 tax bill to roughly $10,000.We cover how the rule applies to real estate and stocks, why account type matters, and why you should consult a Certified Financial Planner to apply the strategy correctly.

This episode explains the key difference between a fiduciary financial advisor (IAR/RIA) and a financial representative (registered rep), the legal standards they follow, and how those differences can affect your wallet and long-term plan.It also covers practical steps to tell who you’re working with — registrations, standards of care, compensation models, and disclosures — and when a fee-only fiduciary or a commission-based rep might be the right fit.