Episode Synopsis "Episode 40: A Conversation about Taxes"

Takeaways: 1.      No major changes for 2025 so far 2.      IRA contributions remain the same, 401(k) and SEP IRA have had increases. 3.      Most likely taxes on Social Security benefits will remain. Hopefully they will inflate the brackets to more current levels. They haven’t been inflated since the 1980’s. 4.      If you own rental properties, be sure to deduct depreciation and recapture it when you sell. 5.      Tax planning strategies. Tax loss harvesting on non-IRA accounts and Roth conversions to help lower taxes for the future.

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• Episode 40: A Conversation about Taxes
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• Episode 29: Diversify Tax Efficiently and Cash Alternatives
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• Episode 26: Why You May Need to Update Your Plan
• Episode 25: Is Retirement Tax-Free?
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• Episode 23: Why You Should Pay Tax Now, Instead of Later
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• Episode 21: Don’t Ignore Life Insurance
• Episode 20: Achieving Financial Success
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