End-of-Year Tax Planning Guide

On this episode of Your Retirement Elevated podcast with Scott Dougan, we explain why tax planning is so important, how the election could affect taxes and much more.

Consider this your end-of-year tax planning guide. Find out why tax planning is often a missing piece in people’s financial plans.   

 

Read more and get additional financial resources here: https://wp.me/paeENs-9U 

 

What we discuss on this show:

2:15 – Why tax planning is often a missing piece

5:38 – Itemization vs. standard deduction

7:48 – CPAs vs. financial planners

11:00 – Actions to consider before year end

15:29 – Making contributions next year

17:22 – Notable tax changes

20:42 – Other important tax considerations

26:11 – How the election could affect taxes

30:55 – Eliminating the step up in basis