The Biggest Tax Opportunity You Can Take Advantage of Right Now
Crashes And Taxes Podcast
English - October 09, 2020 06:00 - 19 minutes - 27.3 MBInvesting Business Entrepreneurship 401k businessfinance finance retirement stockmarket Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
2020 has been the year of unforeseen events and unexpected circumstances, many of them affecting our economy, financial stability, and the biggest industries in this country.
What makes the economy work is the free market, and when that market is shuttered, no business can be saved. It’s not economically feasible for entire sectors to be shut down and while the government moves to keep stimulating the normal economic cycle, this too is unsustainable.
In the face of so much uncertainty and volatility, there are still opportunities for you to execute a strategy that makes the most out of the current situation with the CARES Act, and the favorable tax conditions. If you have a traditional 401k, you do still have options to maximize returns during this time.
What can you do with your captive retirement plan right now to improve your retirement wealth? In this episode, I share the tax strategies you can employ right now to put your retirement savings in a better position as we head toward a future of higher taxes.