ABOUT THIS EPISODE
When should you start thinking about your taxes? If the answer is April, you may already be too late to take advantage of some valuable planning opportunities.In this episode of Something More with Chris Boyd, Chris Boyd and Luke Bagley discuss why the final weeks of the year can be an important window for proactive tax planning. Rather than simply waiting to see what your tax return looks like, they explore strategies that may help you manage taxes as part of a broader financial plan.The conversation covers capital gains and tax-loss harvesting, required minimum distributions, qualified charitable distributions, retirement plan contributions, Health Savings Accounts, Roth conversions, and charitable giving strategies. Chris and Luke also discuss why it can be helpful to review income, withholding, estimated tax payments, and potential deductions before December 31.The key takeaway: good tax planning isn't always about paying the least amount of tax this year. Sometimes it means making thoughtful decisions today that may put you in a better position in future years. With year-end approaching, now is the time to review your situation and coordinate with your financial and tax professionals.
#TaxPlanning #YearEndTaxPlanning #RetirementPlanning #FinancialPlanning #RothConversion #RMD #TaxStrategies #CharitableGiving #SomethingMore
