EP 152 | Your End of Year Wealth Building Checklist

EP 152 | Profit Boss® Radio

Welcome to episode 152 of The Retirement Years on Profit Boss® Radio! In this episode, I’m going to walk you through everything you need to do between now and December 31st to save literally thousands of dollars on your next tax bill.

Right now, there are tons of money saving opportunities available to you that you might not know about, but they all expire at the end of this year. Though it may seem a little overwhelming at first, by being diligent and following my checklist, you can bulletproof your tax and financial situation - and even save more than you did if you stayed up all night (or got up way too early) to get a great deal on Black Friday.

So, tune in to this episode of Profit Boss® Radio, marshal your resources, and get this done before January 1st. Your future self will thank you!

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

• The five key areas of financial planning you need to handle.
• Why market corrections aren’t necessarily a bad thing and how they can actually lead to higher returns.
• Strategies you can use to invest successfully when markets are volatile.
• How tax gain harvesting can help you capture gains in a lower tax bracket if you see your income increasing soon and need to sell an investment.
• How tax loss harvesting can help you take advantage of a down market and offset losses on your investments.
• How much you stand to lose when you don’t max out your IRA contributions.
• The benefits of having balances in Roth IRAs as opposed to traditional IRAs.
• The best way to gift appreciated stocks or investments without paying a 45% gift tax.

Show Notes

To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/152.

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Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.