BONUS Financial Planning Podcast - 2020 Year-End Planning: Identifying Tax and Financial Planning Opportunities
Key Wealth Matters
English - October 30, 2020 20:37 - 40 minutes - 37.5 MB - ★★★★★ - 9 ratingsInvesting Business wealth management investments financial planning business management business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this special bonus coverage episode, Joe Velkos, Director of Trust Tax with Key Private Bank, sits down with Senior Financial Planning Tina Myers to discuss 2020 end of year tax and financial planning. Joe and Tina boil down the complex topic of tax planning into several critical takeaways that will provide flexibility regardless of the potential election outcome or the impact felt by COVID-19.
In this special bonus coverage episode, Joe Velkos, Director of Trust Tax with Key Private Bank, sits down with Senior Financial Planning Tina Myers to discuss 2020 end of year tax and financial planning. Joe and Tina boil down the complex topic of tax planning into several critical takeaways that will provide flexibility regardless of the potential election outcome or the impact felt by COVID-19. Topics:
Possible influences from the election outcome (time code 01:20)
Individual tax planning including tax-loss harvesting, wash sale rules, charitable planning, and required minimum distribution rules (time code 3:37)
A review of estate and wealth transfer best practices with advice geared toward annual gifting strategies, vehicles to take advantage of the lower interest rate environment, and current exemptions (time code 22:37)
Mapping out a business tax plan, focused primarily on recommendations to maximize expenses and leveraging QBI deductions (time code 31:07)
Practical and actionable recommendations to position wealth plans for future flexibility (time code 38:40)