Brady can answer these if he's on your team
This passive real estate investment structure is approved by the IRS as eligible “like‑kind” replacement property so investors can complete a 1031 exchange and defer capital gains.
What is a Delaware Statutory Trust (DST)
Many business owners under‑deduct by forgetting that small, out‑of‑pocket items tied to volunteering, like mileage or supplies, may count as this type of tax‑favored giving.
What are charitable contribution deductions?
This is the minimum amount you should aim to have saved to cover unexpected expenses, often expressed as “3–6 months of this.”
What is an Emergency Fund
This type of fund holds many different securities in one “basket,” helping spread risk across companies.
What is a mutual fund or ETF?
This document states who gets your assets and who manages your estate after you die, but still makes you go through Probate
What is a Will
Each separate Roth conversion creates its own version of this “clock,” which must be satisfied before converted dollars can be withdrawn penalty‑free
What is the 5 year rule
This tax concept determines whether you pay capital gains tax at short-term or long-term rates based on how long you held an investment.
What is the holding period (over or under one year)?
This government benefit can start as early as age X, but increases if you delay up to your “full retirement age." What is this benefit, and what age is the earliest and latest you can take it?
What is Social Security; age 62 and age 70.
Systematically realizing investment losses in a taxable account to offset realized gains and potentially reduce your tax bill is an example of this tax‑aware strategy.
What is tax‑loss harvesting?
This legal document lets you name someone to make financial or legal decisions for you if you’re unable to.
What is a Power of Attorney (POA)
This type of non‑purpose credit line lets you borrow against the value of your investment portfolio without selling your holdings, but generally cannot be used to buy more securities.
What is a securities‑based line of credit (SBLOC)
Some credits can do this unusual thing: give you money back even when your tax bill is already zero.
What is the Earned Income Credit and portions of the Child Tax Credit
This is the term for the amount you must withdraw each year from certain retirement accounts starting after you turn age 73
What are Required Minimum Distributions (RMD)
What is the term (financial metric) that measures an individual security's volatility relative to the overall market
What is Beta
This type of estate plan, once set up and funded, generally cannot be changed easily and can help remove assets from your taxable estate.
What is an Irrevocable Trust
What type of investment doesn't follow the Wash Sale Rule; when you buy back the same or substantially identical security within 30 days before or after selling at a loss.
Crypto
What's the max contribution you can make to a Roth IRA or Traditional IRA under age 50 and over age 50 in 2026?
What is $7,500 for those under age 50 and $8,600 for those over age 50.
Starting Medicare Part B late will trigger this kind of permanent cost increase/how long does it last?
What is an extra 10% for each full year you were eligible but not enrolled/lasts for life.
This type of tax‑favored children’s savings account created under recent legislation must be invested primarily in low‑cost index mutual funds or ETFs tracking U.S. equities.
What is a Trump account
This type of ownership allows property to pass directly to the surviving owner at death, often avoiding probate.
What is Sandisk, Seagate Technology, Micron, Western Digital and Robinhood
Name two "above the line" tax deductions that can reduce your taxable income regardless of it you itemize or take the standard deduction
What is the timeframe you have to apply for Medicare benefits?
3 months before your 65th birthday, the month of your birthday, and 3 months after
This type of registered closed‑end fund structure offers daily (or frequent) subscriptions but only periodic repurchase offers, typically 5%–25% of outstanding shares at set intervals, to provide access to less liquid private assets.
What is an interval fund
What is the feminine form of an executor?
What is an executrix