The Tax Planning Show

On this segment of Consider This Program, learn why the number one wealth eroding factor is not investment losses but Uncle Sam!

• "Retirement Strategies "V" For Victory" Consider This Program with Joe Clark and Adam Harter, CFA. Retirement Strategies "V" For Victory! - The Financial Enhancement Group (yourlifeafterwork.com)
• What is tax planning? Take a closer look with this video from Financial Enhancement Group Tax Planning - The Financial Enhancement Group (yourlifeafterwork.com)

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Do you know the rules inside your company plan? Can you do an in-service non-hardship distribution? Do you have a Roth option? Do you have the age 55 rule? Do you understand in-plan conversions and how RMD's work? It is complex but we will guide you through the maze on Consider This Program today. Call 800-928-4001 or email us at [email protected] to schedule your complimentary Next Steps meeting today.

Designing Your Distribution Plan. Article from Joe Clark, CFP Designing Your Distribution Plan - The Financial Enhancement Group (yourlifeafterwork.com)

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Knowing the difference between marginal and effective tax rates is important, especially going into retirement. Where do you need to focus your attention? Call 800-928-4001 or email us at [email protected] to schedule your complimentary Next Steps meeting today.

How Taxes Impact Your Retirement. How Taxes Impact Your Retirement - The Financial Enhancement Group (yourlifeafterwork.com)

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Every choice that you make has consequences, financial or otherwise. For example, if you choose apple pie over a brownie for dessert, you get the apple pie, but you give up the opportunity of having the brownie. The act of selecting one alternative means you've given up the benefit you could have had if you had chosen a different option.

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Charitable giving comes from the heart and soul of the giver. The impact of the gift comes from the timing and the application of the recipient. We believe in being Better Givers, meaning that you get all the credit for the gift from a tax perspective. Maximized charitable gifting is a combination of investment planning, tax planning, and timing. We will work to make you a better Giver on Consider This Program today.

Check out this article for more information yourlifeafterwork.com/charitable-giving-during-retirement

Call 800-928-4001 or email us at [email protected] to schedule your complimentary Next Steps meeting today.

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News from Washington alludes to the average American losing access to this strategy. However, it isn't gone yet. Make sure you understand your workplace retirement plan document and learn how to grab more Roth money before time potentially runs out.

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Although we fear the dreaded tax audit, the IRS will not likely show up on our doorstep. However, if they did, would you have done the right things to protect your family and your 1040? Having a dedicated tax team and tax plan will pay dividends in the future.

-Tax Packet promo – Call Brittany for your complimentary copy.

Connect with Financial Enhancement Group:

Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup

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Give us a call at 800-928-4001 or send them to [email protected]

Do you know how to calculate your marginal tax rate? What is a marginal tax rate, and when does it matter? Understanding how to maximize your marginal tax stair step is imperative to your financial future.

-Marginal vs. Effective - Tax Brackets - Marginal vs. Effective - The Financial Enhancement Group (yourlifeafterwork.com)

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There is a difference between tax planning and tax reporting. Tax planning ends when the clock strikes midnight on 12/31/2021. Make sure you have acted on your conversion strategy and utilized all the tax benefits available to you.

-Tax Packet promo – Call Brittany for your complimentary copy.

-Year-End Article 2020 - Tax Year Ending - The Financial Enhancement Group (yourlifeafterwork.com)

-Habits article Create New Habits Instead of Making Resolutions This New Year's - The Financial Enhancement Group (yourlifeafterwork.com)

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Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup

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Give us a call at 800-928-4001 or send them to [email protected]

There are few things more financially impactful than understanding how to read your annual tax return. Understanding this year's return can potentially change your financial future.

Knowing how to read your return can help you understand the IRS's impact on your financial journey and can help create various strategies to mitigate unnecessary taxation.

Connect with Financial Enhancement Group:

Visit our Facebook page at www.Facebook.com/FinancialEnhancementGroup

Join our Facebook Group at www.yourlifeafterwork.com/FinancialTidbits

Visit our website at www.yourlifeafterwork.com

We would love to answer your questions on air!

Give us a call at 800-928-4001 or send them to [email protected]