005: Proactive Tax Planning and the Future of Tax Law with Peter Roache

Most people aren't proactive in their tax planning, either during their professional careers or in retirement, and the consequences can be grave. Tax law is constantly changing, the IRS is harder than ever to work with, and a missed opportunity or a stone left unturned can make a massive difference when it comes to your bottom line. This is why we work with people like Peter Roache. Peter is a CPA from Donellon, Orcutt, Patch, & Stallard, specializing in handling tax returns, financial statements, and management consulting for companies with annual revenue between $100,000 and $100 million. He's a fantastic tax planner and someone we love to work with. Today, Peter joins us to talk about how to manage tax risk, diversify your taxes in retirement, and what the future of taxation may look like across legacies and generations. In this podcast interview, you'll learn: Why tax codes are getting more and more complex. How Peter uses today's tax rates to determine the value of Roth conversions for the future. Why so many people end up in a higher tax bracket after retiring. How the "backdoor mega Roth conversion" can work within a 401(k) to move nondeductible money and get many years worth of contributions in one. What you need to know about tax loss harvesting. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube