In this episode of the Roadmap to Retirement podcast, we are discussing tax planning strategies with CPA, Steven Jarvis. We cover the importance of proactive tax planning, especially for W2 employees nearing retirement, and delve into complex topics like backdoor Roth contributions and the implications of the Secure Act 2.0 on inherited IRAs. Jarvis highlights the necessity of understanding the tax impact of financial decisions and advises staying knowledgeable about relevant tax codes or hiring a specialist for complex issues. We also touch on the current shortage of financial advisors and CPAs, proposing better transparency and education about career paths. The discussion concludes with a look at potential changes in the tax landscape and emphasizes the significance of ongoing, small tax-saving actions for long-term benefits.

A must listen during this tax season. Come back next week for a new episode, thanks for listening!

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