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Minimizing Taxes In Retirement

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Manage episode 360553162 series 2098740
Indhold leveret af Brian Bowen. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Brian Bowen eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

What if you could reduce one of your biggest expenses? For some, taxes are a major expense, so it’s vital that you are strategic about your taxes, both now and in the future. If your tax rate is in the high 20s and 30s, that bill could amount to a high portion of your total costs. In this episode, Brian talks through several strategies people consider when it comes to minimizing taxes and whether you should incorporate them into your financial plan.

Here’s what you’ll learn on today’s show:

  • How can you reduce your biggest expense? (0:12)
  • Should you max out retirement accounts? (11:44)
  • What is a back-door Roth? (12:34)
  • Should you contribute to an HSA? (15:36)
  • Is it worth contributing to a 529? (16:30)
  • How should you use charitable gifting strategies? (17:58)
  • There’s a new lottery winner in Virginia. (19:45)

Get Additional Information: https://financialplanningva.com/podcast/

  continue reading

105 episoder

Artwork
iconDel
 
Manage episode 360553162 series 2098740
Indhold leveret af Brian Bowen. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Brian Bowen eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

What if you could reduce one of your biggest expenses? For some, taxes are a major expense, so it’s vital that you are strategic about your taxes, both now and in the future. If your tax rate is in the high 20s and 30s, that bill could amount to a high portion of your total costs. In this episode, Brian talks through several strategies people consider when it comes to minimizing taxes and whether you should incorporate them into your financial plan.

Here’s what you’ll learn on today’s show:

  • How can you reduce your biggest expense? (0:12)
  • Should you max out retirement accounts? (11:44)
  • What is a back-door Roth? (12:34)
  • Should you contribute to an HSA? (15:36)
  • Is it worth contributing to a 529? (16:30)
  • How should you use charitable gifting strategies? (17:58)
  • There’s a new lottery winner in Virginia. (19:45)

Get Additional Information: https://financialplanningva.com/podcast/

  continue reading

105 episoder

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