Tax-Saving Tips: Maximizing Your Wealth Before Year’s End with Jeremy Kessler

Perennial Pride

In this podcast episode, Tom and Jeremy explore tax strategies and financial planning for the current year, offering tips to mitigate taxes for various income sources. They discuss retirement planning, Roth IRAs, energy investments, charitable donations, and optimizing business entity structures. Join us to learn about tax-saving strategies that could benefit you this year.

Highlights 02:08 Importance of being aware of tax implications in retirement when drawing from 401ks and the benefits of that coming out tax-free 05:17 How you can do conversions for its tax-free benefits 09:31 HSA as good tax vehicle 11:45 Offsetting gains with losses in investments and the limitations of this strategy 17:29 Need for tax education and the government's role in steering investors towards certain paths through tax benefits 20:06 How the government incentivizes charitable donations and provides tax benefits for them 23:06 Tax strategies associated with exceptional risks and the importance of due diligence in understanding these risks 24:33 How sole proprietors could potentially benefit from restructuring their businesses even towards the end of the taxation year 25:19 How having an LLC doesn't necessarily provide a tax break but serves as a protection for personal assets from business liabilities

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Jeremy Kessler
• [e-mail]
• https://thesteelbreeze.com/

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