Year End Tax Planning | Episode 5
This is the time of year when folks are pulled in many directions. But what Randy Franklin and Jon Gay discuss in today's podcast is important - because it could mean saving you a lot of money. We're talking about year end tax planning strategies.
We start by breaking down your RMD's - Required Minimum Distributions that we have to take out beginning at age 72. There are several different rules and strategies around these.
We also talk about charitable giving, and ways that you can simultaneously help organizations you care about, but also lower your tax burden. Win-win, right?