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The following listen on-demand podcasts matched your search results for: tax planning
Planning Matters Radio
Peter Richon
May 27, 2023
When considering which assets to leave your beneficiaries there's one asset that's loaded with taxes IRAs Inheriting an IRA is very different from inheriting a Roth IRA In fact without proper planning as Peter Richon with Richon Planning explains to Erin Kennedy the irs may end up being your largest beneficiary Distributions from an inherited Roth account are both tax and penalty free which means you won't saddle your heirs with a heavy tax burden during their prime earning years If you have any questions about your financial legacy or if you'd like to learn more about strategic tax planning [... more]
Financial Symphony
John Stillman
April 06, 2023
Are you preparing for retirement but feeling confident that you have covered all the expenses Well think again It turns out that many retirees overlook some crucial expenses that can leave them financially vulnerable In this episode we explore the retirement expenses that most people tend to forget including skyrocketing medical bills unexpected travel costs taxes and much more We'll discuss practical tips and strategies to help you plan for these expenses and ensure a secure and comfortable retirement Here's some of what you'll learn on this episode Are you prepared for everything Medicare doesn't cover in retirement Many families [... more]
Planning Matters Radio
Peter Richon
March 04, 2023
If you don't have a tax plan you don't have a retirement plan In retirement you not only want to maximize your income but you also want to minimize your tax bill In this video Peter Richon with Richon Planning and Erin Kennedy break down three strategies that will help you keep more money in your pocket including Roth Conversions take advantage of today's historically low tax rate Have an RMD Strategy consider earlier distributions or Qualified Charitable Distributions Explore Health Savings Accounts the only triple tax advantaged retirement account that can help with what's often your biggest expense in [... more]
Planning Matters Radio
Peter Richon
January 21, 2023
was a brutal year for investors is sure to be challenging but there are some action steps you can take now to set yourself up for success no matter how the market behaves In this video Peter Richon with Richon Planning and Erin Kennedy walk through these Resolutions Rebalance Pay Down Debt Lower Expenses Keep Saving for Retirement Update Your Estate Plan Beneficiaries Proactive Tax Planning If you would like some help outlining or setting up and achieving your unique financial goals and resolutions please feel free to reach out to Peter for a complimentary consultation by calling - or [... more]
Planning Matters Radio
Peter Richon
January 14, 2023
SECURE Act Later RMDs -to-Roth Rollovers and Other Tax Planning Opportunities Congress recently passed SECURE Act which will bring several changes to retirement account rules Peter Richon with Richon Planning and Erin Kennedy break down the big takeaways including some unique opportunities including -RMD Age Increase -QCDs Will Be Expanded - Plans These changes however will make proactive tax planning even more important Keep in mind when you delay those Required Minimum Distributions it will lead to larger account balances at death which could create a significant tax burden for your beneficiaries If you'd like to talk through these changes [... more]
Planning Matters Radio
Peter Richon
December 10, 2022
If you're nearing the age to take Required Minimum Distributions or RMDs and you want to avoid the extra income and its tax implications Peter Richon with Richon Planning and Erin Kennedy break down three strategies to consider Peter recommends these strategies to help reduce your tax exposure Consider taking distributions as early as possible Roth Conversions Qualified Charitable Distributions or QCDs Keep in mind RMDs are income so taking those distributions can boost your taxable income and your income taxes for the year which is why strategic tax planning is so important If you have any questions about these [... more]
Planning Matters Radio
Peter Richon
November 26, 2022
The end of the year is upon us so now is a great time to consider a Qualified Charitable Distribution or QCD As Peter with Richon Planning explains to Erin Kennedy this is a great way to make a large gift to your favorite non-profit while lessening your tax burden When structured correctly a QCD allows your donation to go directly from your IRA custodian to your chosen charity Not only can it be counted toward satisfying your required minimum distributions or rmds but it also decreases your adjusted gross income Richon Planning specializes in holistic tax planning If you'd [... more]
Planning Matters Radio
Peter Richon
November 19, 2022
New Retirement Account Contribution Limits for The IRS just announced that it will boost the maximum contribution limit to k accounts by next year to This is the largest increase on record The contribution limit for an IRA is also set to increase to from As Peter with Richon Planning explains to Erin Kennedy this move will allow millions of us to contribute thousands more into tax- advantaged retirement accounts But keep in mind every retirement plan has to include tax planning and tax diversification In fact k s are known as retirement tax bombs If you'd like to talk [... more]
Planning Matters Radio
Peter Richon
November 16, 2022
Good news from the IRS inflation adjustments could mean lower tax rates come As Peter with Richon Planning explains to Erin Kennedy tax rates are adjusted for inflation and saw America's fastest price growth in four decades That means most of us will be able to shield more of our income from taxes in Also new for the IRS is increasing the standard deduction marking the largest adjustment to deductions since However these significant changes underscore the importance of proactive tax planning which is something we specialize in at Richon Planning If you would like to talk through these changes [... more]
Planning Matters Radio
Peter Richon
October 22, 2022
We are still firmly in Bear Market territory Stocks and bonds are sharply negative In fact the market recently lost nearly one quarter of its value since the beginning of the year But those negatives actually offer some unique opportunities according to Peter at RichonPlanning He breaks down several strategies with Erin Kennedy including Tax Loss Harvesting Rebalancing Avoiding Phantom Income Roth Conversions RMDs If you have any questions about how to employ some of these tax strategies please reach out to Peter for a complimentary consultation by calling - or by visiting www RichonPlanning com [... more]
Planning Matters Radio
Peter Richon
October 15, 2022
Rising interest rates will cause lump sum pension buyouts to be significantly lower in That has a lot of pre-retirees wondering if they should be considering an early retirement Peter with Richon Planning walks through several important questions you should ask yourself before accepting that buyout Peter recommends to Erin Kennedy that you sit down with a trusted financial advisor who can help you create a plan that incorporates not only the value of your lump sum buyout but also factors in other income sources tax planning and your legacy goals There is no cookie-cutter answer to this question But [... more]
Finishing Well
Hans Scheil
August 06, 2022
Hans and Robby are back again this week with a brand new episode The topic this week is about tax planning in Often times it is good to have a plan in place Proper planning can be the difference between success and failure Hans and Robby want to help you be successful when it comes to planning your taxes Don't forget to get your copy of The Complete Cardinal Guide to Planning for and Living in Retirement on Amazon or on CardinalGuide com for free You can contact Hans and Cardinal by emailing hans cardinalguide com or calling - - [... more]
Planning Matters Radio
Peter Richon
June 04, 2022
Your Best Investment Options to Fight Inflation The Myth of Retiring in a Lower Tax Bracket The Consumer Price Index or CPI dipped to in April marking the first slowdown in eight months Some experts say we're past the peak of inflation but Peter Richon with RichonPlanning disagrees and tells Erin Kennedy there are strategies you can put in place today to guard against inflation including Hedged Equities and Structured Notes Also if you do not have a taxplan you do not have a retirement plan In the second half of the show Peter breaks down this common misconception you [... more]
Planning Matters Radio
Peter Richon
December 05, 2021
END OF YEAR PLANNING RMDs are usually a big end of year to-do This year they are not required but perhaps a conversation about tax planning should be happening instead Listen as Peter Richon discusses this topic and more on this week's episode [... more]
Finishing Well
Hans Scheil
October 12, 2019
You cannot hide from taxes they will catch up with you eventually Some people push it off and decide they don't want to pay them until later or even pass them onto their children If you take taxes head on ask for advice and put strategies into action for you individual situation it can end up saving you money in the long run Hans and Robby start out talking about how low the tax rates currently are Hans suggests for many of his clients that it is advantageous to pay more tax this year to pay less taxes in the [... more]
Planning Matters Radio
Peter Richon
February 04, 2019
It's not what you make it's what you keep And the biggest thing standing in between is taxes Taxes are one of our largest known expenses Many people try to save on taxes for income they earned last year without planning to save in all the years ahead Tax reform has given us some great opportunities to save to plan and to minimize your lifetime tax liability Listen to this week's episode to understand the opportunities and strategies you should consider in your planning to keep more of what you make [... more]
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