The Retirement Tax Podcast

There are a lot of things to think about as the year comes to a close—things that could make your taxes easier or more complicated. In today’s episode, Ben and Steven share their insight on how to get ready for the year-end when it comes to tax planning. You will hear about shadow taxes and other areas that will affect your end-of-year finances and tax decisions. Listen in as Steven and Ben discuss common mistakes they see people make and how to avoid those specific situations. You can find all show notes for this episode at: http://bit.ly/3G3x0TM 

Thinking about taxes isn’t the most fun thing in the world, and most people like to put off all thoughts of it until February or later. In this episode, Steven and Ben weigh in on why they think it’s so important to do your tax planning before the end of the year. Listen in to get the scoop on how you can make the best decisions for your money and goals well before the new year. You can find all show notes for this episode at: https://bit.ly/3U06oHa 

Have you been reading about the mega backdoor Roth in articles or seeing it gracing headlines frequently? In this episode, Ben and Steven will be sitting down to chat about what all the hubbub is about and where you should probably be looking when aiming to max out your contributions. They give simple, actionable ways you can contribute more and how to best contribute. You can find all show notes for this episode at: https://bit.ly/3fLDPhy

Like anything in life, taxes are just one piece of the puzzle. So today, Ben and Steven will be talking about some things that are not directly tax related, tackling the topic of gifting to family and some of the numbers involved, as well as tax rules that may come into play. You will get a solid framework to help handle the logistics so you’re prepared if/when taxes come into it. You can find all show notes for this episode at: https://bit.ly/3DOiZrL

The Inflation Reduction Act has been passed—so are 87,000 IRS agents going to kick down our doors, steal our dogs, and take away our birthdays? Steven and Ben sit down to answer this question and—more importantly—they discuss what is actually in this act and what will be passing into law. You will hear why $80 billion is going to IRS enforcement, what else is in the bill, and what this all means for you. You can find all show notes for this episode at: https://bit.ly/3DlHSuN 

After one year of talking about taxes and how they relate to people's lives, Ben and Steven are celebrating today by sharing the important gift of knowing how to read paperwork from the IRS. Reading tax documents and deciphering what the heck they mean is a common frustration among taxpayers, so in this episode, the guys offer great tips on what to pay attention to, where to look, and what to look for. You can find all show notes for this episode at: https://bit.ly/3K2CePE

Spending money on your health tends to be less than pleasant, but if we can get some tax savings from it, maybe we can save some money and find the silver lining. Many people ask about HSAs, so in this episode, Ben and Steven address the tax advantages of having an HSA and how to make the best use of one. You can find all show notes for this episode at: https://bit.ly/3PqtNPi 

What do you do when you get a letter or a phone call from the IRS? Don’t panic. In this episode, Steven and Ben clarify some important things about IRS communications and responsibilities. You will walk away from this podcast knowing how to avoid scams, what to find clarity on when you get a letter, who to call for help, and more. You can find all show notes for this episode at: https://bit.ly/3okRDR9

In this episode, Ben and Steven tackle some key questions that have come up while doing clients’ taxes. Many questions that come up are initially answered with, “It depends,” and they’ll unpack why that is and where to go from there. You will get insight into some specific situations, as well as the process used to make decisions that take your unique situation into mind. You can find all show notes for this episode at: https://bit.ly/3Rw3s4A 

What are the things we should be thinking about as the market turns downward? Ben and Steven take on this question from a tax perspective and share some of the most important things to be paying attention to. They also give us some great insight into the tax silver linings that make the downturn sting a bit less. You can find all show notes for this episode at: https://bit.ly/3OUW7cJ