Strategies for Selling Covered Calls, Capital Gains Tax & 529 Plans

New Focus on Wealth with Chad Burton

This episode discusses various financial topics, including market updates, strategies for selling covered calls to create income on large stock positions, estate planning considerations, capital gains tax implications, and the flexibility of 529 plans for education savings. Chad provides insights on the pros and cons of different financial strategies, such as transferring funds from 529 plans to Roth IRAs and the importance of considering risk versus tax savings when making financial decisions. Additionally, the episode touches on the evolving landscape of education and the potential need for reevaluation of traditional college education in light of changing job markets and specialized training opportunities.

Timestamps:

[00:02:36] Market update and Fed day.

[00:04:25] Small cap companies and interest rates.

[00:10:26] Covered calls for income.

[00:11:52] Selling covered calls for income.

[00:17:09] Selling calls for current income.

[00:22:05] Capital gains tax rates.

[00:23:23] Tax implications of stock sales.

[00:28:27] 529 plans basics.

[00:30:14] Maximizing 529 Plan Benefits.

[00:35:34] Changing landscape of college education.

[00:38:13] Specialized Training in Financial Planning.

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Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com