9/24/26 Markets, Mortgages, and Montoya Physical Therapy
- 49m
- Transcript
Summary
Written by a model from the transcript; not yet reviewed.
In this episode, hosts Chris Pelster and Seth Perry discuss current market updates, including a brief flatlining of the S&P 500 and climbing oil prices driven by geopolitical tensions. They answer listener questions on tax rules for GoFundMe gifts, estate planning and trusts to avoid probate, and the costs of refinancing mortgages in a higher interest rate environment. Later in the episode, physical therapist Ricky Montoya joins the hosts in the studio to discuss running a local physical therapy practice, common injuries from weekend sports and everyday life, and tips for staying active despite desk jobs.
- GoFundMe contributions are classified as gifts and are not taxable to the recipient. 8:19
- A properly funded living trust allows beneficiaries to avoid probate entirely upon passing. 18:04
- Refinancing a mortgage when interest rates are higher increases both monthly costs and total interest paid over time. 16:06
- Physical therapists recommend mixing up exercise routines and doing strength training to prevent injuries from sports like pickleball. 29:50
Chapters
- 0:00Show Intro and Host Introductions
Hosts Chris Pelster and Seth Perry introduce the Money Wise Show from the historic Woolworth Building basement.
- 1:38Market News Overview
The hosts discuss recent market headlines, including Trump’s meeting with Xi and the impact on stocks and oil prices.
- 7:44Listener Question: Gifting and Taxes
A caller asks whether money raised on GoFundMe is taxable; the hosts explain gifting rules and estate tax thresholds.
- 17:55Estate Planning and Probate Avoidance
The hosts explain how a living trust can avoid probate, the importance of updating plans, and the role of power of attorney.
- 25:05Interview with Ricky Montoya – Career Path
Ricky Montoya shares his journey from computer science to physical therapy, his return to Bakersfield, and the founding of Montoya Physical Therapy.
- 28:04Physical Therapy Trends – Pickleball and Injury Prevention
Discussion on the rise of pickleball, injury risks, and advice for staying active while minimizing harm.
- 34:57Business Model of Montoya Physical Therapy
Montoya explains the mix of insurance and cash patients, referral processes, and the challenges of insurance reimbursement.
- 39:20Health and Wellness Advice for Older Adults
Tips for seniors to stay active, manage back pain, and incorporate safe exercises into daily routines.
- 41:54Closing Remarks and Future Topics
The show wraps up with thanks to Ricky, a preview of upcoming topics, and a reminder to call or text for questions.
- 46:35Exploring the Complex Salon
The hosts discuss the variety of services offered at the local salon, noting its diverse specialties.
- 47:17Eating Habits and Health Choices
They reflect on their own eating habits, balancing indulgences with healthier options.
- 48:24Closing Thanks and Contact Info
Hosts thank guests, share contact details, and encourage listeners to stay smart and safe with money.
Highlights
- 3:35
Job Interview Handshake Adviceinsight
The hosts share a humorous tip about job interviews, suggesting that candidates should offer a weak handshake and look at their phone.
- 7:47
Estate Tax Limits and Giftingdata
The hosts explain estate tax thresholds, noting that gifts over 19,000 dollars must be reported on form 709 but only affect estates exceeding 15 to 30 million dollars.
- 18:04
Avoiding Probate With Trustsstrategy
Setting up a living trust and properly funding it with real estate and accounts ensures that heirs completely avoid the probate process.
- 24:05
FedEx Delivery Truck Heiststory
The hosts share a news story about thieves using a fake FedEx truck to steal 680,000 dollars in electronics from a Delaware warehouse.
- 28:23
The guest shares a painful medical anecdote about a patient who tore a hamstring off the bone doing the splits on a shower ledge.
- 35:20
Physical Therapy Insurance Realitiesinsight
The guest explains that about 90 percent of their patients use insurance, which often cuts off coverage once a patient can walk rather than returning to full athletic performance.
Quotes
“GoFundMe, it's gifting and it's not taxable.”
Unnamed speaker · 8:03 “A good estate plan, and if you address everything in your planning process, you should be able to avoid probate because you put together a living trust”
Unnamed speaker · 18:28 “If you gift over a certain amount in a single year, you have to report it and it becomes part of your estate ledger, if you will.”
Unnamed speaker · 9:29 “You want to give as much money as you want to anybody and everybody.”
Unnamed speaker · 8:08 “You can give as much money as you want to anybody and everybody.”
Unnamed speaker · 8:08 “I'm like a double day, man. Every day.”
Unnamed speaker · 47:08 “We should have kept track. We should have had like a tally, like, like who's leading the leaderboard.”
Unnamed speaker · 47:29 “Portrait of a Warrior Gallery that's over, I forget, by Dagny's Coffee is going to move right over here.”
Unnamed speaker · 47:54
About this episode
The Moneywise Radio Show and Podcast Thursday, September 24th BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Radio Show & Podcast" call: 661-847-1000 text in anytime: 661-396-1000 website: www. MoneywiseGuys.com https://www.moneywiseguys.com/ facebook: Moneywise_Wealth_Management https://www.facebook.com/moneywiseguys/ LinkedIn: Moneywise_Wealth_Management https://www.linkedin.com/company/moneywise-wealth-management-bakersfield/ Guest: Ricky Montoya, Owner/CEO/DFT, Montoya Physical Therapy & Wellness website: https://montoyatherapy.com/ phone: 661-679-6238 instagram: @montoyaphysicaltherapy https://www.instagram.com/montoyaphysicaltherapy/ facebook: Montoya_Physical_Therapy_and_Wellness https://www.facebook.com/montoyatherapy/ The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Ricky Montoya & Montoya Physical Therapy are not affiliated with nor endorsed by LPL Financial or Moneywise Wealth Management
Transcript
9,515 words · 6 speakers
Topics
- LPL Financial
- Woolworths
- Money Wise Wealth Management
- Portrait of a Warrior Gallery
- Dagny's Coffee
- Wounded Heroes
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