10 Tax Planning Opportunities You Don’t Want to Miss, Ep #178

 

What if one of these ten tax tools could be the tax opportunity that you’ve been missing? If you are looking to increase your wealth over your lifetime you’ll want to ensure that you have the best tax planning strategies in place for long-term success. 

Paying more taxes now to lower your lifetime tax rate may seem unconventional, but if you are serious about building wealth, this could be the kind of strategy to use. Listen in to hear our top ten tax planning strategies with our resident tax expert, Will Holt. 

As life changes, your opportunities for tax saving change which is why it is important to stay on top of these changes. Make sure to check out all of our episodes to hear details on many of these tax-saving strategies and more. Subscribe now to never miss an episode.

Outline of This Episode

• [2:12] Bunching multiple years of charitable giving together can be tax efficient
• [5:38] How to use highly appreciated stock as a gifting tool
• [6:32] Using qualified charitable distributions
• [10:22] Long-term financial planning is critical to long-term tax success
• [13:19] How to take advantage of tax loss harvesting
• [18:53] Use your retirement accounts 

Resources & People Mentioned

• Article - Qualified Charitable Distributions – A Retiree’s Secret Weapon to Slash Taxes
• Episode 59 - Tax Solutions for Charitable Giving
• Episode 104 - How an IRMAA Appeal Can Save You Thousands of Dollars in Medicare Premiums
• Episode 174 - Should You Use a Non-Qualified Deferred-Compensation Plan for Your Retirement Savings?
• Episode 140 - Choosing the Right Investment Vehicles to Save for Retirement
• Article - Tax Loss Harvesting: A Silver Lining in Bear Markets
• Episode 144 - Your Retirement Secret Weapon: The Mega Backdoor Roth

Connect With Chad and Will

• https://www.financialsymmetry.com/podcast-archive/ 
• Connect on Twitter @csmithraleigh @TeamFSINC
• Follow Financial Symmetry on Facebook

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