Ep. 23 Tax Planning Strategies in Your 60’s Featuring an employee spotlight on Maureen Donahue, CFP®

Send us Fan MailMadison and Mike stress the significance and opportunity of financial planning for individuals and couples in their sixties who are in the sweet spot of being able to withdraw money without penalty from their IRAs, but don’t yet have to take Social Security or Required Minimum Distributions from their IRAs. Tax planning can make a crucial difference in how much people ultimately pay in taxes and how secure their retirement is. Maddie and Mike also discuss tax-efficient investment strategies and the tax implications of investment income. They conclude that professional financial advice is crucial for navigating these complex considerations. Later, Maureen, who is a financial advisor and a Certified Financial Planner™ Professional at Yardley Wealth Management joins them. She shares her journey of learning about the company's policies and procedures. She discusses her transition from training to taking on more responsibilities, with the aim of helping more clients. Maureen and Mike also return to the conversation on the financial challenges faced by people in their sixties preparing for retirement, emphasizing the enormous opportunity they have to plan.