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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?
Randy Franklin of Franklin Financial Group and his cohost Jon Gay are back with a new episode of the Pursuing Your Best Possible Life Podcast.
Did you know that 3 out of 4 Americans will need long-term care in their lifetimes? That means there's a 75% chance that will happen to you. That could be in-home care, assisted living, or a long-term care facility. Randy Franklin of Franklin Financial Group explains the differences in services - and cost - of these. Sadly, these numbers are going up - and even faster than inflation on most other goods.