The Federal student loan payment pause, which started March 13, 2020 in response to the COVID-19 pandemic, ends August 31, 2023. The pause suspended Federal student loan payments and interest accrual on those loans. While forbearance of payments will continue through September 2023, with payments due beginning October 2023, interest will begin accruing on Federal student loans on September 1. You can choose to begin making payments before October 2023, if you would like to. Your student loan ser...
Sep 01, 2023•9 min
It seems like business owners are always looking for ways to save money on taxes. Running a business takes a lot of time and effort and you want to keep as much of your hard-earned money in your pocket as possible. Business development, growing revenue, increasing profit margins, and identifying opportunities are top priorities for business owners to be successful. Unfortunately, that means that an extremely important part of proper business management is often ignored: bookkeeping. Good bookkee...
Aug 24, 2023•11 min
If you're a business owner who takes W2 wages from your S Corporation, that may not be your only taxable income. An S Corporation (S Corp) is a pass-through entity for tax purposes. What does this mean? It means that the net profit generated by your S Corp is not taxed at the corporate level but rather passes through to your personal tax return. However, this pass-through feature can sometimes catch business owners off guard when it comes to calculating their taxable income. Something that is co...
Aug 16, 2023•8 min
People love to talk about tax ‘write-offs”. It seems like social media has made many people view tax write-offs as a magical solution or a cheat code to save money on their taxes. However, the reality is that a tax write-off isn’t a cheat code or a guaranteed shortcut to financial success. Have you ever seen someone talk about the Holy Grail of tax write-offs on social media? Or maybe you’ve heard someone you personally know brag about something they purchased with the intent to write it off on ...
Aug 09, 2023•6 min
We’ve all heard the stats about how most people give up on their New Year’s resolutions before the end of January and how almost no one keeps them through the end of the year. It’s unfortunate that setting goals that you won’t achieve is the norm, but there are some simple solutions to setting goals that you will actually stick with and achieve. In this episode, Drew Feutz, CFP®, Founder & Financial Planner of Migration Wealth Management speaks about some of the most common financial New Yea...
Jan 20, 2023•16 min
2022 was an awesome year for Migration Wealth Management as well as our clients. In this episode, Drew Feutz, CFP®, Founder & Financial Planner of Migration Wealth Management speaks about how the business progressed throughout 2022 and the number of clients it ended with as well as updates in clients' lives throughout the year such as promotions and job changes, babies, moves and marriage, and starting new businesses. Connect with the Migrate Your Money's Host: ● Connect with Drew: https://w...
Jan 05, 2023•6 min
Insurance is almost always a gap we see when reviewing a financial plan. It’s a very difficult conversation to have not only with your financial planner but with yourself as well. You may ask, “Where do I even begin?” In this episode, Drew and Jeremy break down a few areas of insurance and when it might make sense to put these in place. Please enjoy! Connect with the Migrate Your Money Host’s: ● Connect with Jeremy: https://www.linkedin.com/in/jeremycrocker/ ● Connect with Drew: https://www.link...
Aug 16, 2022•36 min•Season 1Ep. 7
With springtime behind us and the 90-degree heat in full effect, Drew and I wanted to release a quick episode running through a high-level overview as to what our springtime meeting updates consist of. Some of these topics include: Client Goals Reviewing tax returns for proper tax planning Retirement savings rate Current net worth statement Risk management review Estate planning The MWM Personal Finance Calendar We cover all of this and more in today’s episode of Migrate Your Money. Please enjoy...
Jul 18, 2022•27 min•Season 1Ep. 6
In today’s episode, Drew and Jeremy start off their conversation talking about the greatest spectacle in sports, The Indianapolis 500. They then talk about some interesting facts regarding the stadium and the race itself, of which Jeremy is blown away by. They then dive into the main topic of the day, which is Tax-Loss Harvesting. With the exception of a mouthful, what is Tax-Loss Harvesting? Who can take advantage of it? How does it even work? How about the rules behind it? What should you look...
May 23, 2022•20 min•Season 1Ep. 5
In this episode, Jeremy eases in the conversation with one of his most recent outdoor adventures. We even get a glimpse of Drew’s countryside as he quickly schools Jeremy on how to properly prepare his mushroom findings to not risk getting a parasite but it’s too late. The good news, Jeremy is still alive! They then get to good stuff and talk about how you should expect the market to crash. Now this isn’t meant to make you fearful, in fact, it’s quite the opposite. Jeremy and Drew dive into some...
May 23, 2022•22 min•Season 1Ep. 4
In this episode, Jeremy and Drew talk about how they believe that wealth management can be broken down into a formula: Financial Planning + Investment Management = Wealth Management. This means it's more than just placing investments or insurance products and moving on. It means helping people with all aspects of their financial life, not just the area's an advisor might get paid for. They then dive into which concepts make up the financial planning. These topics include: discussing your goals, ...
May 23, 2022•1 hr 9 min•Season 1Ep. 3
In today’s episode, Drew and Jeremy talk about how they met in college and share some funny stories from their experiences while at Indiana State. They then dive into Jeremy’s background and touch on some of the tremendous relationships he’s built over the years as well as how he went from being a Project Engineer for one of the largest construction management firms in the country to launching Migration Wealth Management with Drew. Then, the guys pivot to Drew, where he gives his background and ...
May 12, 2022•45 min
In today’s episode, Jeremy and Drew talk about their purpose and why they started their own fee-only financial planning firm. Additionally, they dive into how they came up with the Migration Wealth Management name, their process, and what makes MWM unique. You’ll also hear about what financial planning and wealth management means to them. Connect with the Migrate Your Money Podcast Hosts: ● Connect with Jeremy: https://www.linkedin.com/in/jeremycrocker/ ● Connect with Drew: https://www.linkedin....
May 12, 2022•41 min
