Listen in as Benjamin explains how to approach your Roth conversions and the importance of being intentional with your spending and saving. You will learn where to start on a multi-year tax planning strategy, what questions to ask a CPA to see if they’re a good fit for you, and when you may want to find someone to help you with your taxes.
[Read more…] about Year End Planning, Ep. 30Converting My ENTIRE IRA to Roth the Same Year?!?!, Ep. 29
There are a lot of things to think about as the year comes to a close—things that could make your taxes easier or more complicated. In today’s episode, Ben and Steven share their insight on how to get ready for the year-end when it comes to tax planning. You will hear about shadow taxes and other areas that will affect your end-of-year finances and tax decisions.
[Read more…] about Converting My ENTIRE IRA to Roth the Same Year?!?!, Ep. 29Do I Really Have to Think About Taxes Before April?, Ep. 28
Thinking about taxes isn’t the most fun thing in the world, and most people like to put off all thoughts of it until February or later. In this episode, Steven and Ben weigh in on why they think it’s so important to do your tax planning before the end of the year. Listen in to get the scoop on how you can make the best decisions for your money and goals well before the new year.
[Read more…] about Do I Really Have to Think About Taxes Before April?, Ep. 28What’s the ‘Mega’ in Mega Backdoor?, Ep. 27
Have you been reading about the mega backdoor Roth in articles or seeing it gracing headlines frequently? In this episode, Ben and Steven will be sitting down to chat about what all the hubbub is about and where you should probably be looking when aiming to max out your contributions. They give simple, actionable ways you can contribute more and how to best contribute.
[Read more…] about What’s the ‘Mega’ in Mega Backdoor?, Ep. 27Gifting to Family and the Taxes that Come With It, Ep. 26
Like anything in life, taxes are just one piece of the puzzle. So today, Ben and Steven will be talking about some things that are not directly tax related, tackling the topic of gifting to family and some of the numbers involved, as well as tax rules that may come into play. You will get a solid framework to help handle the logistics so you’re prepared if/when taxes come into it.
[Read more…] about Gifting to Family and the Taxes that Come With It, Ep. 26Tax Law Changes?, Ep. 25
The Inflation Reduction Act has been passed—so are 87,000 IRS agents going to kick down our doors, steal our dogs, and take away our birthdays? Steven and Ben sit down to answer this question and—more importantly—they discuss what is actually in this act and what will be passing into law. You will hear why $80 billion is going to IRS enforcement, what else is in the bill, and what this all means for you.
[Read more…] about Tax Law Changes?, Ep. 25