Protecting & Preserving Wealth

Income Taxes in 2023


Listen Later

As a tax accountant, Bruce Hosler is certainly in his busy season, as he and his team of tax professionals, CPAs, and Enrolled agents are hard at work on the tax returns of Hosler Wealth Management's clients.

Bruce's goal is always to move clients to "tax-free" vehicles, meaning repositioning or converting taxable and tax-deferred assets to tax-free vehicles like Roth IRA and 401(k) plans, life insurance retirement plans, and more.

Some events, like a Roth conversion, or the sale of property or securities, can be a taxable event, which is important to plan for. Thanks to some sophisticated software, Hosler Wealth Management helps clients plan for the tax bracket they are shooting for. 

Because the Tax Cuts and Jobs Act of 2017 is still in effect, taxes are historically low.  Bruce talks about what he think the "ideal" tax bracket to be in right now is, and why.

Also, be careful about "when" you do Roth conversions - Bruce explains why timing is essential in doing Roth conversions and the major tax implications they can have.

For more information about anything related to your finances, contact Bruce Hosler and the team at Hosler Wealth Management: Visit them online at https://www.hoslerwm.com/

Or call them in their Prescott office at (928) 778-7666 or their Scottsdale office at (480) 994-7342.

For more podcast episodes, visit our podcast website at https://hoslerwm.com/protectingwealthpodcast/

Limitation of Liability Disclosures:  https://www.hoslerwm.com/disclosures/#socialmedia

Copyright © 2022-2025 Hosler Wealth Management LLC, All Rights Reserved. #ProtectingWealthPodcast  #ProtectingandPreservingWealthPodcast #HoslerWealthManagement #BruceHosler 

...more
View all episodesView all episodes
Download on the App Store

Protecting & Preserving WealthBy Bruce Hosler