Wrapping Up 2020 with Successful Tax Planning

2020 has been a challenging year and one that has brought many opportunities if you are open to looking for them. We want you to have the best planning experience possible and bring you this episode loaded with tax tips to make your 2020 wrap up better than you ever thought possible.Is it too late to fix my retirement at 50?No — the 50s are the catch-up years by design. Catch-up provisions let you contribute above the standard limits to 401(k)s and IRAs, the HSA offers triple tax advantages for future healthcare costs, and a backdoor Roth can build a tax-free bucket even if your income is too high for direct contributions. Pair those with a segmented "bucket" strategy — instead of retreating to CDs and cash — and most late starts can still be rescued. The first step is knowing your income need, not chasing a number.