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Here's a recent appearance from CBS Mornings where I discussed end of year financial planning tips and moves Americans can make now to save on taxes next year.
Have a money question? Email us, ask jill [at] jill on money dot com.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
I joined CBS Mornings to discuss end of year financial planning tips and moves Americans can make now to save on taxes next year.
Believe it or not, it's that time of year again, time to do some year-end planning with the one and only Michael Goodman from Wealthstream Advisors.
With the Build Back Better bill still up in the air, there's a lot to unpack, and do keep in mind that there could still be some very big changes coming before we call it wraps on 2021.
And oh yeah, in the interest of full disclosure, not only is Michael a good friend of mine, he's also my advisor.
Have a money question? Email us, ask jill [at] jill on money dot com.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Believe it or not, it's that time of year again, time to do some year-end planning with the one and only Michael Goodman from Wealthstream Advisors.
With the Build Back Better bill still up in the air, there's a lot to unpack, and do keep in mind that there could still be some very big changes coming before we call it wraps on 2021.
And oh yeah, in the interest of full disclosure, not only is Michael a good friend of mine, he's also my advisor.
Have a money question? Email us, ask jill [at] jill on money dot com.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Happy December! Hard to believe, right? It all seems (and feels) like on big blur.
We’re kicking off the calls in hour one with somebody who’s already retired and has Roth conversions on the mind. Good idea or bad?
From already retired to seeing retirement on the horizon, that’s the gist of our next call, from somebody who’s 50 years-old and in need of a retirement checkup. That’s what we’re here for!
Speaking of hard to believe, it's that time of year again, time to do some year-end planning with the one and only Brent Weiss, co-founder and Head of Planning at Facet Wealth, and the 2021 sponsor of Jill on Money.
To help you navigate the process, here’s your complete guide to looking back at 2021, to closing out the year strong, and to navigating your future with clarity and confidence.
And FYI, with the Build Back Better bill still up in the air, there's a lot to unpack, and do keep in mind that there could still be some very big changes coming before we call it wraps on 2021.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
December is upon us, which means I basically have your attention for about two more weeks max.
So while I have you, and as the year comes to an end, it's a perfect time to review some year-end financial planning tips.
For such an occasion there's no better person than Michael Goodman from Wealthstream Advisors. And in the interest of full disclosure, not only is Michael a dear friend of mine, he's also my advisor.
We discussed a variety of financial planning topics to ponder before you shut down for the holidays, including:
Selling assets in your portfolio now versus waiting until next year: Losses offset gains that you have taken previously in the year; if you have more losses than gains, you can deduct up to $3,000 of losses against ordinary income.
Take Required Minimum Distributions: Generally, once you turn 70 1/2, you must begin withdrawing a specific amount of money from your retirement assets (there are some exceptions). The penalty for not taking your RMD is steep at 50 percent on the shortfall!
Consider a Qualified Charitable Distribution (QCD): One way to sidestep the taxation on your RMD is to make a Qualified Charitable Distribution, which allows you to gift directly from your IRA to a charity without having to include the distribution in your taxable income.
Making last minute 529 plan contributions: Money saved in these programs grows tax-free and withdrawals used to pay for college sidestep taxes, too.
So before you completely shut it down for the rest of 2019, you’ll want to listen to this episode to make sure there’s nothing you’re forgetting.
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
