Propositions That May Impact Californians' Finances - 78
Your Money, Your Wealth
Your Money, Your Wealth
4.6 • 795 Ratings
🗓️ 29 October 2016
⏱️ 36 minutes
🧾️ Download transcript
Summary
Joe Anderson, CFP® and Alan Clopine, CPA discuss some of the 2016 California propositions and how they affect your finances, in episode 78 of the YMYW podcast. Plus, what's the difference between gross income and taxable income? Original publish date October 29, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed.
00:00 - Intro
07:02 - "Prop 13 is when you buy a home in year number two and your property taxes can only go up 2% regardless of how much the home increases in value."
09:24 - "What is the difference between gross income and taxable income?"
10:49 - "There's something called itemized deductions and exemptions. Itemized deductions would be like a home mortgage, estate taxes, property taxes and things like that."
15:26 - "For those who have the Roth provision in your 401(k) plan – you want to look at your taxable income."
17:40 - "What should I do with a lump sum pension in an IRA?"
23:52 - "I took out a personal loan of $8,000 for debt consolidation purposes with my credit union. I'm simply wondering if this loan will affect my income tax in any way. Do I report the loan on my taxes? Will it make a difference in how much my refund will be?"
25:03 - "Can I obtain a loan on a quitclaim property?"
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Pure Financial Advisors, a registered investment advisor. |
| 0:03.2 | This show does not intend to provide personalized investment advice through this broadcast |
| 0:07.3 | and does not represent that the securities or services discussed are suitable for any investor. |
| 0:12.5 | Investors are advised not to rely on any information contained in the broadcast |
| 0:16.0 | in the process of making a full informed investment decision. |
| 0:19.4 | This is your money, Wealth, on Talk Radio |
| 0:22.4 | 760, KFMV. Now, here's Joe Anderson and Big Al Clopine. |
| 0:28.4 | Hey, welcome back to the show. Show's called Your Money Your Wealth. My name's Joe Anderson. |
| 0:31.5 | I'm a certified financial planner. I'm with Big Al Clopine. He's the CPA. Thanks for tuning in today. |
| 0:36.1 | Hopefully you're enjoying your wonderful weekend. |
| 0:39.0 | I know I am. |
| 0:40.4 | You're standing today. |
| 0:41.6 | I'm looking, what, about 6'3, 6.4? |
| 0:45.0 | 6.5? |
| 0:46.3 | 6.5? |
| 0:46.7 | 6.5? |
| 0:46.7 | 6.4 and a half, is it? |
| 0:48.5 | I mean, I'm sitting in the seat looking up at this giant towering over me. |
| 0:51.9 | How is standing? |
| 0:52.7 | Does it work better standing you know it's |
| 0:55.2 | it's morning i'm tired it's so yes i thought i would stand today just to because i see other people |
| 1:02.8 | do it i was like well why are they standing just to try it out yeah that looks stupid yeah but guess what |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Your Money, Your Wealth, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Your Money, Your Wealth and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.