It’s commonly said that “failing to plan is planning to fail,” and while we can’t ‘fail’ on our taxes, without intelligent planning, we will certainly fail to achieve the outcomes that we want.
Our presenter today, Matt Bowden of RFC Financial Planners, can help with this. As a Certified Financial Planner, Matt is part of a professional team including analysts and tax professionals who work together to develop their client’s optimal plans.
Today, he gave two examples of different situations and stages of life for whom smart plans make huge differences:
In his first example, including a pair of one professionally and one self-employed partners who had a windfall business income—an intelligent plan saved them over $40,000!
In his second example, for a high-saving couple looking ahead at retirement, doing a Roth conversion saved them over $1 Million in projected future tax!
In each of these cases, given the potential tax implications of making major adjustments to these accounts, please consult with a professional first. Connect with Matt and he will be happy to help!
To connect with local businesses and hear or potentially deliver more great presentations like Matt’s, visit one of our meetings any time, and consider joining to become a member!
