Year-End Financial Planning: Giving, Taxes, & Long-Term Planning – Season 2, Ep. 1

Your Retirement Blueprint Podcast is back for Season 2! We have so many exciting things planned for this season of the podcast, including some incredible guests that we’re eager to introduce you to.

As we approach the end of the year, this is a time when many of us revisit our goals, look over where we’re at, and consider shifts we need to make.

In this episode, we want to invite you to revisit your goals and your plan for reaching them. By considering tax-beneficial investment opportunities, giving strategies, and the value of long-term planning, you could be more likely to reach and even exceed your financial goals.

Enjoy the episode!

 

 

 

Links:

• Retirement Blueprint: Finding Your 210 Life by Phil Cooper
• [Article] Moving Traditional Investments to Roth Investments: Your Guide to Roth Conversions
• Grab one of our free resources!
• Schedule Retirement Blueprint Review Introductory Call

 

Key Takeaways:

1) “There’s a tax train coming down the tracks, and we need to get you off of it.” From putting a plan in place for Roth Conversions to strategic end-of-year tax planning, there are a lot of tax opportunities right now while many taxes are historically low.

2) Giving Considerations. If you are over 70, you can leverage the required minimum distributions from your IRA or Roth IRA to give in a tax-efficient way. There are many strategies, such as utilizing a donor-advised fund, that you can also leverage if you are younger than 70.

3) Leverage experts in your planning. Make sure you are surrounded by people who can support you in developing a cohesive and strategic financial plan, such as a Financial Advisor and a CPA. You don’t have to navigate this alone!

 

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Insurance products are offered through the insurance business 210 Financial. 210 Financial is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser. AEWM does not offer insurance products. The insurance products offered by 210 Financial are not subject to Investment Advisor requirements. AEWM and 210 Financial are not affiliated companies.

All investments are subject to risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Any references to guarantees or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.  2147296-12/23