In this eye-opening episode, Don and Marc tackle one of retirement’s most overlooked traps: double taxation on retirement income. From after-tax 401k contributions to state tax rules that sneak up on unsuspecting savers, they break down how easily your hard-earned money can get taxed more than once, and what to do about it.

Here’s some of what we discuss in this episode:

💰 What “double taxation” actually means

⚠️ How NJ tax rules increase the risk

📉 The 401k rollover mistake that’s easy to make

📋 How Form 8606 helps prevent being taxed twice

📈 Strategies to protect both you and your heirs

Get in touch with Don and learn more: https://doncashpodcast.com/

What if taxes on your Social Security benefits disappeared entirely? That’s one of several proposals being floated in Washington, and in this episode, Don and Marc break down what it could mean for retirees. They explain how Social Security benefits became taxable, why outdated income thresholds are causing more people to pay taxes today, and explore the possible reforms being discussed.

Here’s some of what we discuss in this episode:

📉 Why more retirees are paying taxes on Social Security

🕰️ How outdated income limits haven’t kept up with inflation

💡 Legal strategies to reduce (or eliminate) Social Security taxes

📊 The "provisional income" formula

💬 State tax considerations for Social Security benefits

Get in touch with Don and learn more: https://doncashpodcast.com/

With headlines full of tariffs and political drama, it’s easy to miss a major win for New Jersey homeowners, especially retirees. In this episode of Your Money & Your Life, Don and Marc shine a spotlight on the 2025 NJ property tax relief programs that could save residents thousands of dollars. From the long-standing Property Tax Freeze program to the more recent ANCHOR rebate and the brand-new Stay NJ benefit, the guys break down who qualifies, how the programs work, and what’s changed.

Here’s some of what we discuss in this episode:

🧾 NJ’s 3 Key Property Tax Relief Programs

📦 Why NJ is fighting to keep retirees from moving away

🏡 Stay NJ: Up to $6,500 in annual property tax relief

🔍 A few nuances of these property tax programs

📅 Key deadline: PAS-1 form due by October 31, 2025

Resources for this episode:

The Stay NJ Program –

https://www.nj.gov/treasury/taxation/staynj/index.shtml

NJ PAS-1 form (The unified Property Tax Freeze, Anchor Rebate and Stay NJ Program)–

https://www.nj.gov/treasury/taxation/pdf/24-pas1cp.pdf

NJ Income Tax Rates –

https://blog.turbotax.intuit.com/income-tax-by-state/new-jersey-109037/

NJ Income Tax for Seniors –

https://www.nj.gov/treasury/taxation/njit7.shtml

Get in touch with Don and learn more: https://doncashpodcast.com/