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2025 The Final Drive Podcast with David Hays


Hi, I’m David Hays, Founder of Comprehensive Financial Consultants and your host for 2025 The Final Drive podcast based on my book, 2025 The Final Drive: What You Need to Win. You can purchase this book at by visiting our website at www.cfci.us. This podcast will help you avoid the biggest risks that will affect your long-term retirement by planning. Much of this planning needs to be done by the year 2025, before taxes go up for good. I will teach you about the impact of our parents’ tax planning and how to break that cycle and create wealth for your retiree income, the risks associated with retiring during bad markets, and how to effectively plan for your longevity.

2025 The Final Drive Podcast

2025 The Final Drive Podcast

Join your host, David Hays in 2025 The Final Drive: What You Need to Win. This podcast will help you avoid the biggest risks that will affect your long-term retirement by planning.

Check It Out
Check out our Teaser Clips for all our episodes! 

Check out our Teaser Clips for all our episodes! 

Posted weekly on our YouTube Channel!

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<h2>E31:&#160;<span>Gifting Investment Property to Family</span></h2>

E31: Gifting Investment Property to Family

You are ready to gift one of your investment properties to a family member, but unsure how to go about it. Your son has been living in a home of yours, and paying you rent, but you want to gift him the property. 

What steps do you begin to take? Do we need to sign a new deed? Will this affect mine or his taxes next year? 

We have seen this scenario more than once in our office, and David sits down to discuss what steps he has taken to help navigate this thoughtful gift. 

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<h2>E30: Student Debt Forgiveness</h2>

E30: Student Debt Forgiveness

Student Debt.

This is a hot topic and we just added fuel to the fire.

Biden has set out to eliminate $10-20k worth of student debt.

While this helps many people now, mathematically this could potentially hurt us long term.

With thousands of students going further into debt every year, this responsibility should be on the colleges.

We need an educational reform. But when?

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<h2>E29: Special Edition - Inflation Reduction Act of 2022</h2>

E29: Special Edition - Inflation Reduction Act of 2022

Special Edition on the “inflation reduction act of 2022” or should we call it the “we hope it doesn’t cause more debt act”?

More spending with the hopes of increasing revenue with a minimum corporate tax and increasing IRS audits – we’ll see if it works, but it rarely does.

It just reinforces we are addicted to debt that we never intend to pay back, even though we will try.

The passage of this new bill simply reinforces that fact that taxes must go up to pay for our past, and now our future promises. 

We must act now to get ourself out of the cross hairs of higher taxes!

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<h2>E28:&#160;Recap Discussion with Martin James Part 3/3</h2>

E28: Recap Discussion with Martin James Part 3/3

Getting more personal with Martin James in our last installment of part 3 of 3.

Join David and Martin in their discussion of QCDs: How can you help your own CPA when filing? Later they get into how to manage a step-up cost basis. How can you manage a step-up cost basis with married couples?

This hasn't been on David's radar yet, but thanks to Martin's own research and advice David learns more about how it works. Did you know there are different rules for this basis in other states?
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<h2>E27:&#160;Recap Discussion with Martin James Part 2/3</h2>

E27: Recap Discussion with Martin James Part 2/3

Join David and his Guest Martin James as they embark on a 3-part series, this is part 2 or 3. Martin, a recovering CPA, has also projected tax changes coming at the end of 2025 due to our Marginal Tax System.

How will this affect our current bracket rates? Have you ever thought to yourself: What is Stealth tax? How does this affect me? What is the history?

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<h2>E26:&#160;Recap Discussion with Martin James Part 1/3<br/></h2>

E26: Recap Discussion with Martin James Part 1/3

Bloomington roots grow deep when these 2 individuals get to talking. Join David and his Guest Martin James as they embark on a 3-part series, this is part 1 of 3.

Martin James is a recovering CPA now turned Fly Fishing Instructor and a Charter Member in the Ed Slott's Elite Group with David.

This episode begins with discussions about previous Final Drive episodes on managing your taxes: Medicare Premiums, Roth Conversions, tax changes coming, and more.

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<h2>E25: Reduce Your Medicare Premiums<br/></h2>

E25: Reduce Your Medicare Premiums

Prescribing a Roth to reduce Pre-Medicare Premiums – or maybe eliminate the cost all together. Listen to David as he discusses a real-life scenario where a client saved money doing this exact thing!

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<h2>E24:&#160;<span>You're too old to Convert? Think Again!</span></h2>

E24: You're too old to Convert? Think Again!

Am I too OLD to do a ROTH Conversion? 

Think again.

Join David as he describes why you're NEVER too old for conversions.

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<br/><h2>E23: Coming Soon!</h2><br/>


E23: Coming Soon!


Coming Soon! We are working to make this a great episode, stay tuned!

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<h2>E22: Avoid Tax Penalty and Rolling Company Stock in 401K</h2>

E22: Avoid Tax Penalty and Rolling Company Stock in 401K

Little known ways to get money out of your retirement plan, before age 59 ½, without a tax penalty.

Do you have company stock in your 401K? Don’t miss out on one of the littlest known opportunities to potentially pay no tax on that Stock.

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<h2>E21: Unintended Consequences</h2><h2>of Retirement Growth</h2>

E21: Unintended Consequences

of Retirement Growth

So you think you’ll be in a lower tax bracket when you retire?

The narrative of getting a deduction when you put money into your retirement account, grow tax deferred, and pay the tax when it comes out, has been flipped!
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<h2>E20: Inflation in Washington</h2>

E20: Inflation in Washington

Out of control debt and spending how does inflation help or hurt our debt problem?

What’s the appetite of Washington to do anything about it? Not much for now – but nothing happens in America until there is a crisis.

More reasons to take a proactive approach to move your retirement out of the cross hairs of higher taxes coming.

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<h2>E19: RMDs Paying off US Deficits</h2>

E19: RMDs Paying off US Deficits

Why are they proposing our Required Distribution age on our IRA’s and 401K’s be 75 as part of The Secure Act 2?

David explains how budgets are made, by occasionally pulling forward expenses and pushing out revenue to cover the cost. 

How demographics, projected retirement plan balances, line up perfectly to the new RMD age to pay for our projected spending.

Once again proving our Retirement accounts are squarely in the crosshairs of higher taxes and what you should do about it.

Listen to David explain how to get a full step up of cost basis on a Marital asset and avoid paying capital gains?  Learn about the Marital Gifting Strategy that almost no one knows about! 

Hear how to take advantage of your life time, gift exclusion amount, without the fear of an IRS claw back.

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<h2>E18: Marital Gifting and Capital Gains</h2>

E18: Marital Gifting and Capital Gains

Listen to David explain how to get a full step up of cost basis on a Marital asset and avoid paying capital gains?  Learn about the Marital Gifting Strategy that almost no one knows about! 

Hear how to take advantage of your life time, gift exclusion amount, without the fear of an IRS claw back.

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<br/><h2>E17: Bonds - Holding Investments in Which Types of Accounts</h2>


E17: Bonds - Holding Investments in Which Types of Accounts

What types of investments should you hold in which type of accounts?

Taxable, Tax Free & Tax Deferred Why Auto Enrollment is good for America, but what are they missing big time?

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<br/><h2>E16: Bonds - Are They Tax-Free?</h2><br/>


E16: Bonds - Are They Tax-Free?


Are tax free bonds truly tax free? Not always.
Who should consider tax free bonds and who shouldn’t? What are the alternatives? When you're looking at regular Bonds vs I-Bonds there is a difference. Join me in this episode as we learn how to calculate your tax equivalent yield.
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<h2>E15: Your Roth IRA Money</h2>

E15: Your Roth IRA Money

When should you use your ROTH IRA money?

While your living or when you’re dead?

Maybe the answer is – whenever you want!

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<h2>E14: Required Minimum Distributions</h2>

E14: Required Minimum Distributions

Did you know that the IRS will tell you exactly when you have to take money out of your retirement accounts, how much and how much is theirs? 
Take control, the time to act is now to keep the IRS from telling you what to do!

Are you single? Taking care of an aging Parent?
Find out if you qualify to change your tax filing status from Single to Head of Household, and enjoy the most favorable tax treatment for yourself of all.
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<h2>E13: Capital Gains</h2>

E13: Capital Gains

Capital Gain Taxes are different!

Short term vs. Long Term

How to maintain the stepped up cost basis if you want to transfer title to your kids before your passing.

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<br/><h2>E12: Life Insurance &#38; Tax Codes</h2><br/>


E12: Life Insurance & Tax Codes


What is the most sacred Tax Code the IRS has? You might be surprised!
How can you take advantage of this misunderstood tax free product and maximize your tax free life?

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<br/><h2>E11: Managing Your NUAS</h2><br/>


E11: Managing Your NUAS


If you own your company stock in your 401K plan, how you handle that stock could save you a ton in income taxes.

Learn about this little known opportunity to save thousands!

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<br/><h2>E10: Maximizing Your IRAs and Roths</h2>


E10: Maximizing Your IRAs and Roths

Maxing out your plans for tax free money in retirement? Lots of ideas on how to avoid this in the episode! Check out a few David covers:

  • Having your Roth 401k’s and IRA’s work together to max out your tax free savings
  • Catching up now that you have the money (in our 50’s)
  • Non-Profit Employees have an even greater opportunity to save more money tax free
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<h2>E9: Roth Conversions - Tax Difficulties</h2>

E9: Roth Conversions - Tax Difficulties

What do you do if you want to a Roth conversion, but don’t have the money to pay the tax? 

David will discuss a great method to get the job done!

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<h2>E8 - Health Savings Account</h2>

E8 - Health Savings Account

This week David asks the question: Where can you get a tax deduction, let it grow tax deferred and take it all out tax free? It’s the triple threat of retirement – the Health Savings Account!

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<h2>E7 - Social Security part 2</h2>

E7 - Social Security part 2

David discusses more on delaying Social Security and how to fill the income gap between early retirement and maximum Social Security. Thus creating one of the most tax efficient, inflation adjusted income streams in retirement!

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<h2>E6 - Social Security</h2>

E6 - Social Security

This episode David discusses Social Security. Social Security is one of the most important income streams in retirement, for now, is also very tax favored.

Learn how to get the most from it and not screw things up!

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<h2>E5 - Married FIling Jointly and Your Taxes</h2>

E5 - Married FIling Jointly and Your Taxes

This episode David discusses Married Filing Jointly and how you can set yourself up for success for the day one of you will be filing a single tax return. It’s unfortunate, and we hope the day never happens, but it will: either through a passing of a loved one or divorce. So, how can you set yourselves up now for that day of single filing? It’s simple: give this episode a listen where David breaks down the steps of what needs to happen now, so you can be prepared for later.

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<h2>E4 - The Blitz Is On</h2>

E4 - The Blitz Is On

During this episode David begins discussing Longevity Risk.
This will be a reoccurring topic that addresses long term care, not running out of money, and leaving a legacy you can be proud of; to name a few.
If you are 5 years away from retirement, now is the time to get serious about putting money into a Roth; but if you are 1 year away you should wait.

Why? Listen in and David will explain.

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<h2>E3 - Federal Estate Rax Roller-Coaster</h2>

E3 - Federal Estate Rax Roller-Coaster

During this episode I want to focus on the Federal Estate Tax Roller Coaster. This is where I talk about other forms of taxes besides our retirement accounts. Yes, I want to focus on our retirement accounts, but we can't do that without looking at other assets: your home! Your estate can be taxed. What other things should we consider? Life Insurance. Death Benefits. Loans. Long Term Care Policies.

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<h2>E2 - What Are IRA/Roth Conversions?</h2>

E2 - What Are IRA/Roth Conversions?

During this episode I explain exactly what is a Trillion-dollars. Many of us cannot fathom the idea! How are we going to help our Nation's Trillion-dollar debt deficit? Well, through our IRAs. Listen to this episode and learn how converting your IRA now, during a lower tax bracket, to a Roth will decrease the amount of taxes you will have to pay after 2025.

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<h2>E1 - Why Is This So Important?</h2>

E1 - Why Is This So Important?

2025, The Final Drive is a metaphor from my football playing and coaching days. It is an attempt to emphasize the importance of the last chance, time is ticking, and now is the time to go! During this episode I get into the why’s of this podcast, my book, and my entire mission to serve people and continue financial education. Don’t roll that window shade down and ignore, get ready to ride the tracks of this train heading straight for you: higher taxes

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