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Protecting & Preserving Wealth

Protecting & Preserving Wealth

By: Bruce Hosler
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In the Protecting & Preserving Wealth podcast, Bruce Hosler discusses and provides timely answers to important topics for our listeners: • Tax Reduction Strategies • Financial & Estate Planning • Investment Management • Retirement Planning • Insurance Strategies • Business Owner Exit-Planning Strategies • Current Events and their Market Effects We started the podcast because a number of clients have questions, and this is a way for us to give them a venue to listen to different answers on all the things they're concerned about today. First and foremost, foundationally, for most people, taxes are a very important thing. We always start with taxes and then we go from there and work on financial planning issues like retirement. Am I going to have enough? How am I going to leave my stuff to my legacy, to my kids and family? In estate planning, we include asset management because everybody wants to know where their money's invested and how safe and how protected it can be. And how can it grow in the face of this inflation that we're facing today. And finally, we use insurance strategies to make sure that when the moment of truth arrives, everything's okay for the family. Throughout this podcast, we're going to meet the Hosler team and how each of them plays a role in securing your financial future. Hosler Wealth Management can be reached in their Prescott office at (928) 778-7666, in their Scottsdale office at (480) 994-7342, or on the web at https://www.hoslerwm.com/. Disclosure: Investment advisory services are offered through Mutual Advisors, LLC DBA Hosler Wealth Management, a SEC registered investment adviser. Securities are offered through Mutual Securities, Inc., member FINRA/SIPC. Mutual Advisors, LLC and Mutual Securities, Inc. (collectively “Mutual Group”) are affiliated companies. Forward-looking commentary should not be misconstrued as investment or financial advice. The advisor associated with this podcast is not monitored for comments and any comments should be given directly to the office at the contact information specified. Any tax advice contained in this communication, including any attachments, is not intended or written to be used and cannot be used for the purpose of 1) avoiding federal or state tax penalties, 2) promoting marketing or recommending to another party any transaction or matter addressed herein, and 3) Tax preparation and accounting services are offered independently through Hosler Wealth Management Tax Services. Any tax advice provided by tax professionals under Hosler Wealth Management Tax Services is separate and unrelated to any advisory or security services offered through Mutual Group. The accuracy, completeness, and timeliness of the information contained in this podcast cannot be guaranteed. Mutual Group does not provide legal or tax advice. You should consult a legal or tax professional regarding your individual situation. Accordingly, Hosler Wealth Management does not warranty, guarantee or make any representations or assume any liability with regard to financial results based on the use of the information in this podcast. Protecting & Preserving Wealth (podcast) is owned and produced by Hosler Wealth Management Prescott Office: 700 S Montezuma St Prescott, AZ 86303 Tel. (928) 778-7666 Scottsdale Office: 7400 E Pinnacle Peak Rd Suite #100 Scottsdale, AZ 85255 Tel. (480) 994-7342 #HoslerWealthManagement #Protecting&PreservingWealthPodcast #BruceHosler #ProtectingWealthPodcast2022-2026 Hosler Wealth Management | All Rights Reserved. Economics Personal Finance
Episodes
  • Traditional IRA Basis 8606 and Pro-Rata Rule

    Traditional IRA Basis 8606 and Pro-Rata Rule
    Sep 16 2026
    Today we explain how basis works inside a traditional IRA and why accurate recordkeeping matters. IRA basis is not the same as cost basis in a taxable investment account. It represents money that has already been taxed before entering the IRA. When we fail to track that amount correctly, we may pay tax on the same money twice when it is withdrawn. 📚 Get Bruce’s Book: Moving To Tax-Free (on Amazon) https://amzn.to/4msRo2k ⏱️ Chapters & Timestamps (00:00) Traditional IRA Basis and Double Taxation (01:27) How Traditional IRA Basis Is Created (02:49) The Pro-Rata Rule and Form 8606 (06:00) Why Traditional IRA Basis Does Not Grow (06:49) Exceptions to the Pro-Rata Rule (09:51) Basis in an Inherited IRA (11:10) Finding Basis on Prior Tax Returns Basis can enter a traditional IRA in several ways. We may make a nondeductible IRA contribution, often as part of a backdoor Roth strategy. We may also make a contribution that we expected to deduct, only to discover that our income was too high. Another common situation occurs when after tax 401(k) contributions are rolled into a traditional IRA without being separated from pretax funds. Once after tax money is mixed with other IRA assets, we generally cannot withdraw only the basis. The pro rata rule requires each distribution to include a proportional share of taxable and nontaxable money. Form 8606 calculates and reports that division. It also combines all traditional, SEP, and SIMPLE IRA balances when determining the taxable percentage. We cannot isolate basis by withdrawing from one particular IRA account. It's important to file Form 8606 consistently. Basis does not increase as the account grows. Investment growth remains tax deferred and will generally be taxable when distributed. The form creates an ongoing record of the amount that has already been taxed. That history can be lost when you change accountants or fail to file the form during a year without an IRA contribution or distribution. We also cover several transactions that receive different treatment, including rollovers, qualified charitable distributions, and a once in a lifetime qualified HSA funding distribution. IRA custodians do not track basis for us. The responsibility ultimately belongs to the taxpayer. Inherited IRAs create another important risk. Basis can transfer to the beneficiary, but the custodian may not provide that information. We may need to review the original owner’s prior tax returns and Form 8606 filings. When there are multiple beneficiaries, the basis is divided proportionally. Without those records, beneficiaries may incorrectly assume the entire inherited IRA is taxable. The central message is simple. We need to identify IRA basis, preserve the documentation, file Form 8606 correctly, and communicate with our tax and financial professionals. These steps can help us avoid unnecessary double taxation. For more information about anything related to your finances, contact Bruce Hosler and the team at Hosler Wealth Management: Visit us online at https://www.hoslerwm.com/Contact Our Team: https://hoslerwm.com/contact-us/Or call our Prescott office at (928) 778-7666 or our Scottsdale office at (480) 994-7342.For more podcast episodes, visit our podcast website at https://hoslerwm.com/protectingwealthpodcast/Limitation of Liability Disclosures: https://www.hoslerwm.com/disclosures/Link Disclosure: The information being provided is strictly as a courtesy. When you link to any of the websites provided here, you are leaving this website. We make no representation as to the completeness or accuracy of information provided at these websites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information, and programs made available through this website. When you access one of these websites, you are leaving our website and assume total responsibility and risk for your use of the websites you are linking to.Copyright © 2022-2026 Hosler Wealth Management | All Rights Reserved. Produced by JAG Podcast Productions - www.jagpodcastproductions.com. #ProtectingWealthPodcast #ProtectingandPreservingWealthPodcast #HoslerWealthManagement #BruceHosler
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    14 mins
  • Inherited IRA Strategies - IRA, 401k, and Roth Conversion Planning

    Inherited IRA Strategies - IRA, 401k, and Roth Conversion Planning
    Sep 2 2026
    In this episode, we talk through the inherited IRA rules that changed under the SECURE Act and why many families still feel confused about required minimum distributions. The old stretch IRA rules allowed many beneficiaries to take distributions over their lifetime. Now, for most non-spouse beneficiaries, inherited IRA money has to come out within 10 years. That shift makes planning much more important, especially when taxes, Roth conversions, charitable giving, and family timing are all involved. 📚 Get Bruce’s Book: Moving To Tax-Free (on Amazon) https://amzn.to/4msRo2k ⏱️ Chapters & Timestamps (00:19) How the SECURE Act Changed Inherited IRAs (01:50) Three Types of IRA Beneficiaries (04:02) Required Beginning Date Rules (06:00) Spousal Rollover Options (07:03) Avoiding the 10% Early Withdrawal Penalty (09:09) Using Inherited IRAs for QCDs (11:38) Separate RMD Rules for Inherited IRAs (12:04) Paying Roth Conversion Taxes With IRA Funds We start by breaking down the three main beneficiary categories. Eligible designated beneficiaries usually include spouses, minor children under 21, disabled or chronically ill beneficiaries, and in some cases someone close in age to the original IRA owner. Non-eligible designated beneficiaries are usually adult children, nieces, nephews, or other individual heirs who do not qualify for the special carve outs. These beneficiaries generally fall under the 10-year rule. Non-designated beneficiaries are not people. That usually means an estate, charity, or certain trusts. We also explain how the required beginning date changes the rules. For many IRA owners, this is tied to age 73, or age 75 for those born after 1960. Roth IRAs are treated as if the owner died before the required beginning date. That detail matters because the timing of death can change whether annual RMDs are required during the 10-year period. A major strategy in this episode is for a younger surviving spouse. A widow under age 59 and a half may not want to immediately roll an inherited IRA into her own IRA. Keeping it as an inherited IRA may allow her to access funds without the 10 percent early withdrawal penalty. The withdrawals are still taxable as ordinary income, but that penalty exception can create flexibility during a difficult transition. We also cover qualified charitable distributions from inherited IRAs. If the beneficiary is at least 70 and a half, they may be able to make QCDs from an inherited IRA. For 2026, the annual QCD limit discussed is $111,000. This can help satisfy the inherited IRA distribution requirement while sending money directly to charity without creating taxable income. The final planning idea is using inherited IRA distributions to pay taxes on Roth conversions from a person’s own IRA. Since inherited IRAs generally cannot be converted to Roth IRAs, using those distributions to cover tax bills can preserve other retirement assets and support a long-term Roth conversion plan. The key takeaway is that inherited IRAs often need to be drained within 10 years, so it can make sense to use that money first for taxes, charitable giving, or cash flow. For more information about anything related to your finances, contact Bruce Hosler and the team at Hosler Wealth Management: Visit us online at https://www.hoslerwm.com/Contact Our Team: https://hoslerwm.com/contact-us/Or call our Prescott office at (928) 778-7666 or our Scottsdale office at (480) 994-7342.For more podcast episodes, visit our podcast website at https://hoslerwm.com/protectingwealthpodcast/Limitation of Liability Disclosures: https://www.hoslerwm.com/disclosures/Link Disclosure: The information being provided is strictly as a courtesy. When you link to any of the websites provided here, you are leaving this website. We make no representation as to the completeness or accuracy of information provided at these websites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information, and programs made available through this website. When you access one of these websites, you are leaving our website and assume total responsibility and risk for your use of the websites you are linking to.Copyright © 2022-2026 Hosler Wealth Management | All Rights Reserved. Produced by JAG Podcast Productions - www.jagpodcastproductions.com. #ProtectingWealthPodcast #ProtectingandPreservingWealthPodcast #HoslerWealthManagement #BruceHosler
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    17 mins
  • Maximizing Social Security Benefits - Key Claiming Strategies

    Maximizing Social Security Benefits - Key Claiming Strategies
    Aug 19 2026
    This episode focuses on how to maximize Social Security benefits by choosing the right claiming strategy. There is no single right age to claim. Health, income needs, savings, marital status, and long-term goals all matter. Some people may need to claim early because they do not have other income. Others may benefit from waiting, especially if they can afford to delay until age 70. 📚 Get Bruce’s Book: Moving To Tax-Free (on Amazon) https://amzn.to/4msRo2k ⏱️ Chapters & Timestamps (00:00) When Should You Claim Social Security? (03:03) Why Delaying Until 70 Can Pay Off (05:17) Planning for a Longer Retirement (07:03) Social Security Strategies for Couples (09:22) Protecting the Surviving Spouse (13:24) Medicare Premiums and IRMAA Deductions (14:42) Reviewing Your Social Security Statement (16:40) How Your Top 35 Earning Years Matter (17:54) Building a Coordinated Claiming Strategy (18:35) Reducing Taxes on Social Security Benefits The conversation makes a clear case for planning around longevity. Some clients assume they will not live long enough to justify delaying benefits. But with medical advances, better health tools, and longer life expectancies, planning only to age 85 can create risk. The bigger danger is not leaving money behind; it is living longer than expected and running out of income. That is why the team recommends planning for age 95 or even 100 when possible. A major takeaway is the value of delaying benefits after full retirement age. Once someone reaches full retirement age, around 67, Social Security benefits increase by 8% per year until age 70. That increase is not just for one year. It applies every year for the rest of that person’s life, and potentially for the surviving spouse’s life as well. The benefit is also inflation adjusted, which makes it one of the strongest guaranteed income sources available in retirement. Couples need to coordinate their claiming decisions. In many cases, the higher earning spouse should delay until age 70. That can protect the surviving spouse later. When one spouse dies, Social Security generally keeps the higher of the two benefits and removes the lower one. This means maximizing the higher benefit can create more lifetime income for both spouses. The episode also covers important details that can surprise retirees. Medicare premiums are often deducted from Social Security payments. Higher income can trigger IRMAA, which increases Medicare costs and reduces the net Social Security deposit. The team also encourages listeners to create and check their ssa.gov accounts, even if they are years away from retirement. That helps protect the account and gives people current benefit estimates. Finally, we look at taxes. Social Security can be taxable depending on provisional income, which includes wages, dividends, interest, municipal bond interest, and half of Social Security benefits. Roth IRA distributions do not count toward provisional income. That is why Roth conversions and tax-free income planning can reduce taxes on Social Security and help retirement income last longer. For more information about anything related to your finances, contact Bruce Hosler and the team at Hosler Wealth Management: Visit us online at https://www.hoslerwm.com/Contact Our Team: https://hoslerwm.com/contact-us/Or call our Prescott office at (928) 778-7666 or our Scottsdale office at (480) 994-7342.For more podcast episodes, visit our podcast website at https://hoslerwm.com/protectingwealthpodcast/Limitation of Liability Disclosures: https://www.hoslerwm.com/disclosures/Link Disclosure: The information being provided is strictly as a courtesy. When you link to any of the websites provided here, you are leaving this website. We make no representation as to the completeness or accuracy of information provided at these websites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information, and programs made available through this website. When you access one of these websites, you are leaving our website and assume total responsibility and risk for your use of the websites you are linking to.Copyright © 2022-2026 Hosler Wealth Management | All Rights Reserved. Produced by JAG Podcast Productions - www.jagpodcastproductions.com. #ProtectingWealthPodcast #ProtectingandPreservingWealthPodcast #HoslerWealthManagement #BruceHosler
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    24 mins
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