There’s a reason why tax planning is a key component to the planning process at Oliver Asset Management. Too often, people focus solely on growing their portfolio another three to five percent, which is important, but it’s much more difficult to make up for a 15-20% tax hit that could have been avoided by proper planning.
Today we want to look a little closer at the tax planning process and how it differs from the tax preparation we do every year in April. Positioning yourself correctly while you’re working can possibly save you thousands of dollars in retirement.
Here are some of the highlights from this episode:
0:00 – Intro
3:52 – Tax planning vs tax filing
5:15 – Safe to assume that taxes will be lower in retirement?
9:10 – Three tax buckets
10:07 – Tax strategies to consider when you’re working
12:05 – How taxes fit into legacy planning
13:39 – Required minimum distributions
17:57 – Frank’s favorite bands
19:12 – Listener question on tax-free income
It’s T.I.M.E for a plan! Schedule a free session here: https://calendly.com/oliverassetmanagement/schedule-a-meeting-with-frank-oliver?month=2023-09
Learn more about the T.I.M.E process: https://www.oliverassetmanagement.com/time
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