Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help educate you on how to manage your money and save on taxes. In this episode, we discuss Social Security and Medicare with our special guest, Peter Huynh who is the VP of Operations for Trusted Benefits Group.

Important Points:

Is Social Security taxable?

At what age do I not need to file a tax return?

Do costs for Medicare increase as you make more money?

IRMAA - Income-Related Monthly Adjustment Amount

Can you appeal to reduce the amount you pay for Medicare?

What are common questions and misnomers with Medicare?

How do late enrollment penalties work with Medicare?

What are the 4 D's of Medicare? Dollars, Drugs, Doctors, Deadlines

Comfort Zone:

What are the different types of Medicare? Type A, B, C and D

What is the difference between Medicare and Medicaid?

How do you contact Peter Huynh? (346) 704-5840 or peter@trustedbenefitsgroup.com

Contact us:

info@molentax.com

281-440-6279

Find us on social media:

https://www.facebook.com/molentax

https://www.instagram.com/molen.tax/

https://www.youtube.com/channel/UCTHFFst-BRli8M_aTyXhAuw

https://www.linkedin.com/company/molen-&-associates

https://twitter.com/molentax

https://www.molentax.com

http://questioningyourcents.com

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help educate you on how to manage your money and save on taxes. In this episode, we discuss how to build wealth and keep it with a special guest – Zac Majors with Centric Advisors.

Important Points:

Thoughts on the current market and tax changes

Early career investing – best tips and common mistakes

Later stage investing – trying to catch up

Comfort Zone:

• What is better – Roth or traditional?
• Should I contribute to a 401(k) or Brokerage account?
• What makes a good financial advisor?
• How do I avoid taxes on highly appreciated stock?
• Insights into how the 2021 Biden changes will change the market

Contact us:

info@molentax.com

281-440-6279

Find us on social media:

https://www.facebook.com/molentax

https://www.instagram.com/molen.tax/

https://www.youtube.com/channel/UCTHFFst-BRli8M_aTyXhAuw

https://www.linkedin.com/company/molen-&-associates

https://twitter.com/molentax

https://www.molentax.com

http://questioningyourcents.com

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help educate you on how to manage your money and save on taxes. In this episode, we discuss the different types of business entities.

Important Points:

Different Types of Entities

Three Options as a Sole Proprietor:

1. Do Nothing
2. DBA
3. LLC

Pass Through Entities:

1. Partnership
2. S Corporation

C Corporation

Why do you set up an LLC?

Pros and Cons of an LLC

Tax vs Legal structures

What is a pass through entity?

Why are partnership agreements important?

When is it beneficial to become an S-Corp?

Comfort Zone:

1. I Inherited a home and am now selling it. How is this treated for tax purposes?
2. Why is my tax refund being delayed?

Videos referenced:

Stimulus Checks Round 3 - https://molentax.com/stimulus-checks-round-3/

Child Tax Credit Changes - https://molentax.com/american-rescue-plan-changes-to-child-tax-credit/

Texas Federal Disaster - https://molentax.com/texas-declared-federal-disaster-what-does-this-mean-for-my-taxes/

Unemployment Taxation - https://molentax.com/american-rescue-plan-unemployment-taxation/

Contact us:

info@molentax.com

281-440-6279

Find us on social media:

https://www.facebook.com/molentax

https://www.instagram.com/molen.tax/

https://www.youtube.com/channel/UCTHFFst-BRli8M_aTyXhAuw

https://www.linkedin.com/company/molen-&-associates

https://twitter.com/molentax

https://www.molentax.com

http://questioningyourcents.com