The Perfect RIA
Intentional Tax Planning and Avoiding Costly Mistakes with Guest Steven Jarvis, CPA [Episode 266]
Jul 22, 2024
Guest Steven Jarvis, CPA, reveals IRA management pitfalls to avoid. Topics include rollover mistakes, self-dealing, intentional tax planning strategies, and proactive tax planning. Learn how to prevent costly errors and transform your practice through effective communication and collaboration with professionals.
28:35
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Quick takeaways
- Avoid self-dealing traps by not treating client's IRA as a personal piggy bank.
- Proactively plan with intentional tax strategies to optimize outcomes and prevent costly mistakes.
Deep dives
Addressing IRA Mistakes and Myths
Advisors Matthew and Steven Jarvis discuss common detrimental mistakes and myths surrounding IRA accounts. They emphasize the importance of avoiding errors like incorrect paperwork during rollovers and risky investments such as buying foreign rental properties within IRAs.
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