Author: troyashbacher

When a person passes away, their estate often has to pass through the probate process. A person’s estate is made up of the assets and liabilities they accumulated during their lifetime. During probate the administration, all property is inventoried and eventually, distributed to the beneficiaries named in a will or according to the intestacy laws in Florida. Many people try to avoid probate because the process can be costly and time-consuming. So, how long can you expect probate to take? Simple estates may require just a few months of probate.  However, a majority of estate take at least one year,…

Dave:President Trump has floated the idea of a 50 year mortgage. This could reduce monthly mortgage payments by hundreds of dollars per month for the average homeowner or investor, but at the same time, it would nearly double the amount of interest you pay over the lifetime of the loan. So would you take on a 50 year mortgage today? I’m gonna help you understand everything you need to know about this proposed new loan product and give you my take on whether the 50 year mortgage could make sense for real estate investors. Hey everyone. Welcome to On the…

As the leaves turn golden across the Midwest this fall, many Americans are thinking about their financial futures, especially when it comes to buying a home.With housing prices still high in places like Minnesota and beyond, interesting ideas are popping up to make homeownership more accessible. One such idea making waves is the proposed 50-year mortgage from President Trump’s administration.If you’re like me—a fan of steady, low-risk index investing— you’re probably approaching this with caution. Longer debt terms can seem appealing for lower monthly payments, but they come with risks worth considering carefully.In this article, we’ll dive into the details…

Subscribe Now: Apple Podcasts / Spotify / PlayerFM Investors can’t help but feel like the stock market might be riding on the thin skin of a bubble, but the facts will tell us that even if we are, it doesn’t mean we should not expect more strong returns based on trends and price action. Carson Wealth’s Ryan Detrick and Sonu Varghese join the show to help up separate how we feel, and what’s really happening inside market dynamics. Plus, is AI too big to fail? The financial media has been pounding that drum given the hundreds of billions of dollars…

Much of the attention surrounding the recent November 4 elections centered on key races in states including New York, New Jersey, and Virginia.However, Texas voters made a move of their own, approving Proposition 2. That amendment to their state constitution will solidify a ban on Texas capital gains taxes, including those on unrealized gains.But wait: isn’t Texas already a state with no income tax? Why would voters need to prevent a tax on capital gains that has never been imposed? As you might expect, answers to these questions involve economic and political considerations. From just $107.88 $24.99 for Kiplinger Personal…

With the giving season officially underway, December 31 marks your critical tax deadline for charitable giving. About 30% of annual gifts occur before year-end, making this the prime time for taxpayers to maximize their 2025 itemized charitable donations tax deduction.And for high-income earners, charitable giving in 2025 is particularly vital. Tax legislation in 2026 will cap the maximum federal tax benefit at 35%, effectively making contributions this year far more valuable. Plus, a new rule next year might further reduce the allowable charitable deductions for donors with complex gifting strategies.Here’s what you need to know. From just $107.88 $24.99 for…

This week, we break down what to know before buying into a practice, rethink what “net worth” really means, explore how to best use an Air National Guard retirement paycheck from ages 57 to 65, and highlight important basics on special needs trusts.   Things to Consider Before Buying Into a Physician-Owned Practice  “I’d love to write in to ask some questions about buying into a physician-owned private practice. Can you do a podcast answering some of the following? Ask what are the questions you need to ask? What’s a typical buy-in and how best to do it—take a loan,…

The Affordable Care Act (ACA) offers premium tax credits to help make health insurance more affordable. Under original Affordable Care Act provisions, an income cap for premium tax credits was set at 400% of the federal poverty level. Above that threshold, federal financial assistance was not available, creating a “subsidy cliff.” The American Rescue Plan Act (ARPA) and later the Inflation Reduction Act (IRA) temporarily expanded eligibility for tax credits to people with incomes over 400% of poverty, in addition to providing more generous support for people at lower incomes. Enhanced premium tax credits expire at the end of this…

Being a loyal customer is usually considered a good thing. Many brands reward loyalty with discounts, perks, or special offers that make you feel valued for sticking around. It’s a relationship built on trust and the idea that long-term customers should benefit from their commitment.But when it comes to car insurance, that loyalty can sometimes work against you. Staying with the same insurer year after year might actually be costing you more. Instead of rewarding your consistency, some insurance companies quietly raise your rates over time.This practice, often called a loyalty penalty, means you could be paying higher premiums simply…

Getting an offer accepted on a home — a monumental task in some markets — is only one of the initial steps in the homebuying process. For many buyers, the success of their homebuying efforts hinges on the ability to secure financing, and thousands of mortgage applications are denied each year. Though the share of homes bought with cash is at historic highs, according to the National Association of Realtors, the overwhelming majority of home purchases are made with a mortgage. Understanding how mortgage lenders process, and sometimes deny, these loan applications can help prospective buyers succeed. In the past…