Your Tax Return, IPOs, and Why SpaceX Isn't Worth Chasing

Recorded the day before Tax Day from Burney's new Nashville office, this episode starts with a habit most people skip once they hit submit on their taxes. Most people never go back and actually read the return, and Adam explains why a few minutes with those pages can be very useful. He walks through what to look for on the first two pages of a Form 1040, why understanding your marginal bracket matters, and how a big income year can quietly set you up to overpay the following year if nobody runs a projection.From there, Adam and Andy turn to IPOs. With SpaceX, OpenAI, and Anthropic potentially going public, clients have been asking whether they should try to get in. Andy makes the case that missing out on a high-profile IPO is usually fine, and that the most exciting companies to invest in at IPO time are often the worst performers in the years that follow.⏱️ Timestamps: (01:35) Welcome from the new Nashville office(02:50) Tax Day tomorrow, and what to do with your return(06:30) Marginal tax brackets and why yours matters for planning (08:10) Starting with the Form 1040 and the first two pages (09:50) Standard deduction vs. itemizing and bunching deductions(11:40) Credits, refunds, and avoiding overpayment the following year(13:55) Tax projections and the opposite of the ostrich strategy(17:35) IPOs are back in the headlines: SpaceX, OpenAI, Anthropic(18:28) A list of famous IPOs and what they have in common(20:14) Why retail investors rarely get real access anyway(24:50) How much would an IPO move the needle in your portfolio? (25:30) By IPO time, most of the growth has already happened (27:50) Wrap-up(28:35) Podcast disclosuresResources:Long Story Short website | burneywealth.com/podcastFollow Burney Wealth Management on LinkedIn | www.linkedin.com/company/burneywealthmanagement Follow Adam Newman on Linkedin | www.linkedin.com/in/adam-newman-cfa-cfp%C2%AE-mst-ricp%C2%AE-cepa-48853916/ Follow Andy Pratt on LinkedIn | www.linkedin.com/in/andyjpratt/ Blog Post: Understanding the One Big Beautiful Bill Act | https://burneywealth.com/blog/understanding-the-one-big-beautiful-bill-act Have questions you want answered on the podcast? Email [email protected]#TaxPlanning #TaxReturn #IPO #Investing #WealthManagement #SpaceXThe Burney Company is an SEC-registered investment adviser. Burney Wealth Management is a division of the Burney Company. Registration with the SEC or any state securities authority does not imply that Burney Company or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. This content is for informational and educational purposes only. It is not intended as personalized investment advice or a recommendation.