The Official End of Year Checklist

This week's blogpost -

End-of-Year Financial Planning with Special Guest Darren Lightfoot

In this episode of the Thoughts on Money Podcast, host Trevor Cummings welcomes special guest Darren Lightfoot to discuss end-of-year financial planning. The episode covers a range of practical topics including creating a checklist for year-end, the importance of making contributions, distributions, and donations before the year closes, and strategies for tax-efficient giving. Darren shares his personal experiences and insights from his transition from operations to the planning team at The Bahnsen Group. The conversation also delves into the importance of tracking expenses, earmarking funds for upcoming large purchases, and planning for taxes. This episode is filled with actionable advice to help listeners prepare for the financial year's end.

00:00 Welcome to the Thoughts on Money Podcast

00:03 Meet Our Special Guest: Darren Lightfoot

00:55 The Importance of Year-End Checklists

01:17 Packing Woes and Family Dynamics

03:13 End-of-Year Financial Planning Tips

05:13 Tax-Efficient Charitable Giving

08:42 Understanding Contributions and Distributions

14:53 Gifting Strategies for Family Members

19:04 Tracking Expenses and Market Insights

25:21 Final Thoughts and Tax Considerations

26:42 Closing Remarks and Listener Engagement

Links mentioned in this episode:

• http://thoughtsonmoney.com
• http://thebahnsengroup.com