New Year's Financial Resolutions: Tax Strategies for a Prosperous Year
Release Date: 01/14/2024
My Father Said
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info_outlineWelcome to a fresh start with the "My Father Said" podcast, featuring your hosts Ryan and Robert. As we embrace the new year, we're focusing on effective tax strategies and financial resolutions to ensure a prosperous year ahead. Discover how to legally minimize your tax liabilities and enhance financial health with our mix of expert advice and personal insights.
Highlights include:
- Maximizing Retirement Contributions for the New Year: Kick off the year by planning how to maximize your retirement contributions to lower taxable income and boost long-term savings.
- Investment Strategy Tweaks: Learn about adjusting your investment strategies early in the year to harvest potential losses and capitalize on gains effectively.
- Embracing Tax Credits and Deductions: Uncover various tax credits and deductions that can significantly reduce your taxable income in the new year.
- Charitable Contributions: Align your giving spirit with smart tax planning to make impactful donations while benefiting from potential deductions.
- Health Savings and Flexible Spending Accounts: Prepare for the year by understanding how to utilize HSAs and FSAs for your healthcare expenses efficiently.
Join us as we navigate the tax landscape with strategies tailored for the new year, ensuring you're well-positioned for financial growth and stability.