Tag Archives: Year-End

Episode 75 – Preparing for 2020 Year-End Tax Planning

Did you know that fall is the right time to start thinking about the incoming year-end tax planning season?

Join this episode of Your Retirement Solution as Jim Black highlights not only the tax planning to-do’s, but also the two possible outcomes of year-end planning: You either pay or save in taxes.  

In this episode, you will learn:

  • Why it’s important to review your stocks, especially in 2020 
  • How to do a Roth conversion, and what are the benefits of opening a Roth account 
  • Using the CARES Act as a tool to do 401K, IRA, and Roth rollovers 
  • Why you don’t need to take a Required Minimum Distribution (RMD) in 2020
  • And more!

As year-end is right around the corner, tune in as Jim explains the different things you can do with that extra cash saved during the COVID-19 restrictions! 

Resources: The Retirement Solution