Ep 21: The Ins and Outs of Mutual Funds
Phil's Tax Hacks
English - December 19, 2019 09:00 - 19 minutes - 26.6 MB - ★★★★★ - 4 ratingsInvesting Business News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Mutual Funds have long been a very popular way for people to invest, but is that landscape changing? Let’s explore this investment option, explain some key terminology, and determine what the future might hold for mutual funds.
Show Notes and Additional Resources: https://philstaxhacks.com/podcast/ep-21-the-ins-and-outs-of-mutual-funds/
Today's Rundown:
1:19 – Getting ready for the holidays and the new year.
2:49 – In the News: President Trump recently made Florida his permanent residence. Do you see that often from your clients in Michigan?
5:26 – Mutual funds have been a popular investment option but is that trend changing?
6:08 – What percentage of your clients own mutual funds when they first come to see you?
6:53 – Explain ‘expense rations’ for us.
8:29 – What does the term ‘loaded’ mean?
11:18 – What tax considerations do you have to keep in mind for mutual funds?
12:45 – Do you feel like mutual funds are going away?
15:33 – Mailbag Question: I’ll be retiring in exactly one year. What’s on the list of things I need to do before I walk away?