• EP 75 - Talking About Taxes

  • Jun 9 2022
  • Length: 18 mins
  • Podcast

EP 75 - Talking About Taxes

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  • Summary

  • The focus today is going to be on taxes. You have more control over your taxes than you think. A big portion of my practice is centered around taxes and being tax smart. This does not mean doing anything illegal or even questionable. It simply means taking advantage of opportunities to not tip Uncle Sam and we do this through a variety of ways to reduce taxes. Now, this time of year, I'm asking all my clients to send me their completed tax returns. I don't do taxes, not even my own. However, I get into the returns to make sure everything is in order and more importantly to do planning for the current and even future years, and now is the time to be looking at taxes not waiting until the end of the year.

    You will want to hear this episode if you are interested in...
    • Marginal tax rates [2:20]
    • Taxation of dividends and bracketology [5:16]
    • The differences between qualified and ordinary dividends [7:44]
    • Sun setting of current tax rates [9:52]
    • Will taxes will be lower now or down the road in retirement [13:54]
    • This week’s FLASHBACK [15:22] 
    Connect With Dan Johnson
    • https://forwardthinkingwm.com 
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