CPA Trendlines Podcasts David Podell: Use Strategic Retirement Planning to Build Net Worth | The Concierge CPA
May 12, 2025
David Podell, CEO of Business Benefits Consultants, shares his expertise in retirement planning and its critical importance in tax advisory. He emphasizes how small business owners can maximize their financial health through strategic retirement plans. Discussing the Secure Act 2.0 and solo 401(k)s, Podell clarifies common misconceptions and highlights tax benefits that can significantly boost savings. The conversation also explores the importance of taking proactive steps rather than overthinking, providing essential insights for both financial advisors and entrepreneurs.
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Maximize Tax Advisory with Retirement Plans
- Put clients into retirement plans to add tax advisory value and build their net worth.
- Retirement plans offer significant tax deductions and future financial health benefits.
Auto Enrollment Boosts Savings
- New auto enrollment rules increase retirement plan participation by enrolling employees automatically.
- Employees must opt out rather than opt in, improving overall savings behavior.
Retirement Savings Gap in America
- Nearly half of American households had no retirement savings by 2022.
- Lower income workers lack access to retirement plans, increasing financial insecurity.