An Above Board Guide to Tax Planning
52m
·
The Above Board Podcast
·
John Kennedy, CFP® & Matthew Marcoux, CFP®, EA, break down the intricacies of tax planning and strategies that can transform your financial future. From decoding the difference between tax evasion and avoidance to uncovering smart tactics for saving on taxes, this conversation is packed with actionable insights. Learn how to maximize your savings with HSAs and IRAs, nail the timing of deductions, and stay ahead of the curve with insights into new tax rules affecting third-party payment apps like Venmo and PayPal. Don't miss out—tune in now!
The episode An Above Board Guide to Tax Planning from the podcast The Above Board Podcast has a duration of
52:32. It was first published
More episodes from The Above Board Podcast
Catching Confidence: Your Money Edition
Join John Kennedy, CFP®, as he discusses the power of building financial confidence through hard work and momentum. Reflecting on the concept of 'things are caught, not taught,' John shares valuable insights on financial success and generational wealth.
Think of financial confidence like building a muscle—the more you work at it, the stronger it gets. In this episode, John covers:
- Budgeting Basics: Learn how to track spending and start saving effectively. It’s like exercising for the first time—it might be painful at first, but consistency brings mastery.
- Emergency Funds: Build a safety net of 3-6 months' expenses. Think of it as preparing for the unexpected big plays in life.
- Smart Spending: Implement the 24-hour rule to control impulse buys, putting you in control of your finances instead of letting them run you.
- Saving Strategies: Aim to save 20% of your income. Don’t worry if you’re starting small—every step counts towards the goal.
- Automating Success: Set up systems to make saving and investing as automatic as possible, ensuring your financial growth becomes a seamless part of your life.
John emphasizes the importance of financial awareness and the benefits of stacking small wins. By surrounding yourself with positive influences and committing to these practical steps, you can catch the confidence you need to give yourself the best chance for a bright financial future!
Talkin' Taxes with Matt & Mack
In this episode of The Above Board podcast, Matthew Marcoux and Mackindsay Herbert debunk common tax myths. Tune in as they share essential tips for individuals and small business owners, covering tax management, IRS interactions, and the importance of planning. From filing taxes for beginners to seeking professional advice, they offer strategies for navigating tax bills and understanding the IRS. Discover how to approach refunds, payments, and financial planning for your next stress-free tax season!
Are You Compulsively Making Things Worse?
On this episode of The Above Board podcast, host John Kennedy shares practical tips on managing worry and stress. Drawing from Tim Ferriss' advice to 'avoid making things worse,' Kennedy emphasizes self-awareness in breaking negative cycles. He explores how past traumas influence our reactions and suggests healthier coping strategies. Tune in for advice on reducing stress and enhancing mental well-being!
Leadership, Love & Letting Go
Join John Kennedy and Rich as they explore the profound concept of 'being the one' within your family and circle. In this engaging episode, they navigate the delicate balance between support and enabling, sharing relatable personal anecdotes along the way. Discover actionable advice on empowering your loved ones responsibly, shifting the focus from meeting wants to fostering genuine growth. From the weight of being everyone's go-to for guidance to the crucial dialogue on boundary-setting and self-preservation, this podcast offers invaluable wisdom to navigate familial dynamics and prevent burnout.
Your Wealth Era Awaits
In this episode of The Above Board podcast, host John Kennedy introduces the concept of managing finances with the same diligence people use for their health through wearables like Apple Watches and Whoop Bands. He draws parallels between health metrics and financial indicators, advocating for the use of financial tracking tools to improve financial literacy and well-being. Kennedy emphasizes the importance of financial education and encourages listeners to take proactive steps toward financial health.