Episode Details

In today's episode, Ralph Estep Jr. and Juliet answer guest Mark Lawley's questions about inheritance taxes after a parent passes, plus what the flash PMI, escrow increases, and index funds mean for your budget.

In This Episode

✓ Flash PMI at 57.6: business activity is still growing, and prices are rising fastest since August 2022

✓ Escrow explained: why one increase can hit your budget twice

✓ Index funds without the jargon

✓ Guest Mark Lawley: inheritance tax, the $15 million federal line, and stepped-up basis

✓ Inherited IRAs: the 10-year rule and tax withholding

✓ The "just in case" file every family should have

✓ Week one of the $250 emergency fund challenge wraps with listener voicemails on finding the first $25

✓ Wins of the week and the Christmas bonus giveaway

If a parent's estate, an escrow notice, or your 401(k) fund name has ever left you guessing, this episode gives you plain answers.

Resources

Watch live:

https://becomingfinanciallyconfident.com/live

Win our Christmas bonus:

https://www.becomingfinanciallyconfident.com/giveaway

Year-End Personal Tax Review:

https://www.becomingfinanciallyconfident.com/yearend

Book a call:

https://www.ralphestepjr.com/schedule

Practical Prepping Podcast:

https://practicalprepping.info

S&P Global flash PMI release:

https://www.pmi.spglobal.com/Public/Home/PressRelease/07d16568e63346999890940d47639cd9

Follow Becoming Financially Confident

LinkedIn: https://www.linkedin.com/company/becomingfinanciallyconfident

Facebook Group: https://www.facebook.com/share/g/1HpWqv8jp9/

Instagram: https://www.instagram.com/becomingfinanciallyconfident

Skool Community: https://www.skool.com/becoming-financially-confident-7556

Have a money question?

Send it here:

becomingfinanciallyconfident.com/voicemail

Companies Mentioned

Meta

State Farm

Geico

QuickBooks

1Password

Walmart

Ecamm

Google Meet