Tag: Tax Planning
Preparing for Tax Changes: How the Expiration of the Tax Cuts and Jobs Act Could Affect Your Retirement (Ep.12)

Preparing for Tax Changes: How the Expiration of the Tax Cuts and Jobs Act Could Affect Your Retirement (Ep.12)

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Changes to the federal tax code could significantly impact your financial planning and retirement strategies.

What changes might be coming to the Tax Cuts and Jobs Act? How can you prepare for potential tax increases?

In this episode of Your License to Spend, Tim Whisler dives into the intricacies of the Tax Cuts and Jobs Act, exploring its impact on individuals and businesses and the uncertainties surrounding its expiration at the end of next year. 

Tim sheds light on proactive tax planning strategies in anticipation of legislative changes and helps listeners understand how to adapt their financial strategies in an evolving tax landscape.

Tim discusses:

  • The Tax Cuts and Jobs Act: Its impact on tax brackets, standard deductions, and child tax credits
  • Corporate Tax Benefits: How the Act provided tax cuts for corporations
  • Future Tax Planning: The importance of planning for potential tax increases and legislative changes
  • Retirement Strategies: Recommendations for maximizing 401(k) contributions and considering Roth conversions
  • And more!

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Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

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Navigating Market Volatility in Retirement Planning (Ep. 6)

Navigating Market Volatility in Retirement Planning (Ep. 6)

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Are you prepared for financial uncertainty in your retirement? How can you increase your sense of security as you move past your working years?

Tim Whisler dives into the importance of preparing for financial uncertainty, addressing how retirees can protect their assets from market volatility, ensure a stable income, and manage unexpected expenses like healthcare. 

Tim discusses:

  • What is the impact of market volatility on retirement savings
  • Why are reliable income streams important in retirement
  • What are the strategies for managing withdrawals and tax implications
  • How can you handle healthcare costs and long-term care planning
  • And more

 

Connect with Tim: 

Book a Call with Tim:

 

Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

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