Greg and JC discuss what to look for to make sure your personal finances are in order heading into the new year to maximize investment gains and limit tax exposure. Specifically covered are thoughts on Black Friday, questions to ask a financial advisor before hiring them, working with your accountant, losses and gains from the year, Mutual Funds vs. ETFs, and IRA distributions. From there, they talk about taxes including using ROTH accounts, estimating income fluctuation, carry forward losses, tax brackets, Medicare and charity donations.
The episode ends with commentary about the tax code. While it can be easy to throw up your hands and say keeping up is too hard, stick with it and make the most out of your money.
Links:
https://www.nerdwallet.com/blog/investing/10-questions-ask-financial-advisor/
https://www.bloomberg.com/series/bloomberg-etf-iq
Affiliate Link:
The Dendreon Effect by Mark Mitchell
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