Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Android | RSS

In this episode, we ask:

• What do you think about where taxes are headed in the future?
• What does the society of actuaries say?
• What does “tax deferred” mean?
• Does it matter if you take taxes out now or later?
• How much of your retirement account will be there for income in retirement?
• What does your retirement account allow after tax?
• Why do so many Americans have tax deferred plans?
• Why do Certified Professional Accountants (CPAs) recommend tax deferred plans?
• What timeline do CPAs operate on?
• Do we eliminate taxes with tax deferred plans?
• Why don’t we call them “tax-postponed” plans?
• What about the tax reform?
• How much did the tax reform increase the national deficit?
• Should we preemptively pay our taxes now or wait until the distant future?
• What happens to taxes on January 1, 2026?
• What does “maxing out your tax bracket” mean?
• What about tax free IRAs?
• What strategies should you bring to your tax expert?
• What are tax penalties?
• Are you over or under age 59.5?
• Where is your IRA invested?
• Do you think there will be a stock market correction?
• On average, how much does the stock market drop?
• Why are we willing to take a 10% stock market drop?
• Why do we avoid the 10% early withdrawal penalty?
• Does it make sense to spend money for a larger return?
• What are the three specific tax steps?
• What about deductions for business owners?
• What does Section 179 say about purchasing heavy vehicles and other equipment?
• What about depreciation?
• What about rental spaces?
• What about tax advantaged strategies?
• Are you incorporated as an S Corporation?
• What about tax savings for individuals?
• When do you plan to retire?
• Are your RMDs below the standard deduction?
• Do you have a pension?
• Do you have a tax deferred plan?
• Do you have your children as contingent beneficiaries?
• Is the IRS a beneficiary on your tax deferred account?