Year End Tax Strategies  to Save Money Part II| HSA, FSA, Retirement & Charitable Contributions episode artwork

EPISODE · Nov 11, 2024 · 16 MIN

Year End Tax Strategies to Save Money Part II| HSA, FSA, Retirement & Charitable Contributions

from The Wealth Planning Podcast with Brister Law · host blfwealthpodcast

In this episode of the Wealth Planning Podcast with Brister Law, host Anthony Brister talks about Year-End Tax Strategies to help you maximize your savings and build long-term wealth. Part 2 of this series focused on actionable tips to reduce your taxable income before the year ends. From Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) to retirement planning and charitable contributions, he covers essential strategies for personal and family deductions. Want to save more on taxes and build wealth? Book a discovery call at https://www.bristertaxlaw.com ask for a comprehensive consult before the year ends! Timestamps: 0:02 - Introduction & Overview 0:40 - Health Savings Accounts (HSA): Triple Tax Benefits Explained 3:01 - Flexible Spending Accounts (FSA): "Use It or Lose It" Strategy 4:30 - Health Reimbursement Arrangements (HRA) for Self-Employed 5:49 - Retirement Planning: 401(k) & IRA Contribution Limits 7:09 - Backdoor Roth IRA Strategy 8:12 - Roth Conversions for Long-Term Tax-Free Growth 10:08 - Solo 401(k) for Self-Employed: Maximize Contributions 10:42 - Charitable Contributions: Standard Deduction vs. Itemized 12:04 - Qualified Charitable Distributions (QCD) for RMD Mitigation 14:59 - Gifting Appreciated Assets & Charitable Trusts 15:17 - Recap & Call to Action: Book a Discovery Call at Briser Tax Law If you found this helpful, please like, subscribe, and comment to stay updated on more tax planning tips!

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Year End Tax Strategies to Save Money Part II| HSA, FSA, Retirement & Charitable Contributions

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This episode was published on November 11, 2024.

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