Purpose Driven Planning – End of Year Conversations
Mastering Year-End Financial Planning: Contributions, Tax Strategies, and Generosity
Mastering Year-End Financial Planning: Contributions, Tax Strategies, and Generosity
This week's blogpost - https://bahnsen.co/48Xhibo
Mastering Year-End Financial Planning: Contributions, Tax Strategies, and Generosity
In this episode of the Thoughts on Money Podcast, hosts Trevor Cummings and Sean Ullrich dive into year-end financial planning strategies. They discuss the importance of being proactive with financial and tax planning as the year closes, including various Roth IRA strategies, tax planning measures, and charitable giving options. Trevor and Sean highlight the necessity of preparing for the end of the year well in advance to avoid bottlenecks and maximize benefits. Additionally, they emphasize proper portfolio management, especially given recent strong market performance, and encourage reviewing previous tax returns for further planning insights. From maximizing 401k contributions to exploring donor-advised funds, they offer listeners actionable advice to improve their financial standing while concluding the year on a generous note.
00:00 Introduction and Guest Introduction
00:53 Discussing the Importance of Proactive Financial Planning
02:03 Analogies Between Sports and Financial Planning
04:25 Key Financial Planning Strategies
14:20 Tax Planning Insights and Strategies
27:15 Charitable Giving Strategies
34:11 Investment Strategy and Market Performance
39:21 Conclusion and Listener Engagement
Links mentioned in this episode:
Trevor is a Partner, Director of our Private Wealth Advisor Group, and Author of Thoughts on Money.
View episodesGet new episodes of Thoughts On Money [TOM] automatically
