EPISODE · Dec 2, 2020 · 26 MIN
076 - Financial Planning Issues to Consider Before Year-End
from Real Personal Finance · host Scott Frank and James Conole
In this week’s episode of Real Personal Finance, James and Scott discuss end of year tax planning. As the year comes to an end, we want to make sure your income and investments are in order. Whether you had a year of financial gain or financial loss we help you use that to your advantage, no matter your tax bracket. Time Stamps: 00:28 - Year-end tax planning 01:00 - Core concepts to focus on for EOY planning 01:44 - Harvesting gains or losses in your portfolio 04:30 - Tax gain harvesting 06:55 - Planning for future higher income and how it impacts your tax bracket 08:13 – Planning for future lower income 10:00 - Charitable donation changes with the passage of the CARES Act 13:45 - Tax planning with stock compensation 15:14 - Cash flow 18:34 - 529 plans 19:41 - HSA vs. FSA 22:17 - Estate planning 23:13 - Roth conversions 25:04 - Conclusion LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here
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In this week’s episode of Real Personal Finance, James and Scott discuss end of year tax planning. As the year comes to an end, we want to make sure your income and investments are in order. Whether you had a year of financial gain or financial loss we help you use that to your advantage, no matter your tax bracket. Time Stamps: 00:28 - Year-end tax planning 01:00 - Core concepts to focus on for EOY planning 01:44 - Harvesting gains or losses in your portfolio 04:30 - Tax gain ha...
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076 - Financial Planning Issues to Consider Before Year-End
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