Tax Preparation vs Tax Planning | Your Financial Empower Hour Ep 38 скачать в хорошем качестве

Tax Preparation vs Tax Planning | Your Financial Empower Hour Ep 38

In this episode, Jason Cryderman breaks down the critical difference between tax preparation and proactive tax planning, and why it matters so much as you approach retirement. While most people focus on filing their tax return each spring, that backward-looking process does little to shape their long-term financial future. Jason explains how forward-looking strategies such as Roth conversions, coordinated retirement withdrawals, managing required minimum distributions, and understanding Medicare premium thresholds can help reduce tax burdens over time. If you are a corporate professional or business owner thinking ahead to retirement, this conversation highlights why thoughtful, year-round planning can help you maintain income, reduce unnecessary taxes, and feel more confident about your financial security. Timestamps: 00:00 - Olympics recap and lessons from unexpected learning 06:40 - Final medal count and standout performances 11:15 - Introduction to tax preparation vs tax planning 14:30 - Why tax preparation is backward looking 18:10 - What proactive tax planning really means 22:45 - Coordinating investments with long term tax strategy 27:30 - Retirement tax surprises most people miss 31:40 - Required minimum distributions and tax brackets 35:10 - Roth conversions and long term tax control 39:20 - Social Security taxation and Medicare IRMAA impacts 43:15 - Why year round planning creates more retirement confidence Need help planning for retirement? Call us at 📞 989-835-7203 or visit our website at 🌐 https://www.greatlakesinvestmentadvis... to get started. #FinancialAdvisor #FinancialAdvisorAtYourService #retirement #retirementplanning #SocialSecurity #michigan #midland #mi #SocialSecurityBenefits #wealthmanagement #vabenefits #veteranbenefits #medicare #ira #rothira #taxfree #taxplanning #estateplanning #holisticfinancialstrategy #TaxPlanning #TaxCutsAndJobsAct #Annuities #MutualFunds #FinancialEmpowerHour #JasonCryderman