back arrowView show

03: The Everyday Guide to Tax Planning for Retirement

Episode description

Preparing for retirement doesn’t have to be difficult or overwhelming. Professional investment advisors are trained to help assist with each individual case and to help you make the most beneficial financial decisions. 

One of these professionals is Michelle Kohlbush, who has over 23 years of accounting experience and has expertise proven to help you financially prepare for your future. Tune into this episode of Your Best Financial Life with Scott Malbasa to learn about the best tax planning opportunities for you. 

Show Highlights: 

  • Benefits of working at a smaller firm 
  • Maintaining growth and retaining a hands-on approach 
  • Best tax opportunities 
  • Benefits of charitable contributions 
  • Advantages of a qualified contribution versus a donor advised fund 
  • Working closely with investment advisors 
  • The biggest impact tax changes have made 
  • Holes that need to be fixed in tax codes
  • Fee deductions 
  • States with income tax 
  • Pit falls when going into retirement 
  • Factors to consider when budgeting for retirement 
  • Tapping into retirement sources for easy cash 
  • Tax consequences of purge spending 
  • The benefits of record keeping 
  • 1031 exchanges and how to avoid paying taxes 
  • Converting to business use property 
  • Problems that DIY software can cause 
  • Things people overlook when planning for retirement 
  • Advantages of using a tax preparer 
  • Built-in tax issues 
  • References applicable to tax planning

 

Resources: 

Tony Nitti’s Tax Tuesday articles on Forbes: https://www.forbes.com/sites/anthonynitti/#30e7d9c27a36

Michelle's Website

 

 

episodes iconMore Episodes

08: What You Should Know Before Investing in Real Estate with John Swagerty

May 6th, 2019

25:16

Real estate is a diverse market that is much more complex than commonly perceived. In today’s interview with John Swagerty, Senior Vice President at Acadia Realty Trust, Scott and John dissect what goes into evaluating …

07: Making Your Finances Mortgage Ready with Kim Bean

April 22nd, 2019

52:31

A home is one of the biggest purchases you’ll make in your lifetime, so why do people know so little about it? Todays’ guest, Kim Bean, has been a mortgage loan officer for decades and has seen the ups, downs, and …

06: Starting a Business After Retirement with Kim Netting

April 10th, 2019

35:59

Retirement doesn’t have to mean stagnation or mark the end of pursuing dreams. In fact, many people aspire and start up their own personal businesses …

05: Organizing Your Systems of Life with Beth Giles

March 18th, 2019

35:15

Everyone wants to be more organized in life, and most need to downsize their belongings along the journey. Today’s guest will help you with these goals. Beth Giles is the Professional Organizer/Senior Move Manager at NW …

04: Building Financial Confidence with Apollo Lupescu

March 4th, 2019

48:51

We all want to be financially educated and invest in companies we believe will be the most impactful in regards to what we believe in, all while …

02: The Most Commonly Misunderstood Aspects of Implementing a Will with Melanie Marmion

January 30th, 2019

52:01

We all have questions when it comes to planning for our future and how to implement the best plan of action when it comes to setting a legal plan in place. When it comes to finances the majority of us have an …

01: Introducing Your Best Financial Life

January 14th, 2019

2:40

Working in the financial industry, I get asked a lot of questions about money everywhere I go. No one is immune from the stress that money creates in our lives. We all have questions that keep us up at night, and I want …

Loading ...

Download the RadioPublic app for
 FREE and never miss an episode.

Get it on Google PlayDownload on the App Store