Thinking about leaving a legacy? The SECURE Act changed the rules for inheriting IRAs, potentially impacting your financial plans. Learn how you can change your savings strategy to minimize taxes for your heirs.

What You'll Learn:

• The 10-Year Distribution Rule: Understand how the SECURE Act affects how beneficiaries access inherited IRA funds.
• The Power of Roth IRAs: Discover why Roth IRAs are even more important now for tax-free retirement income.
• Strategic IRA Withdrawals & Alternatives: Explore strategies like controlled withdrawals and life insurance to manage tax implications and secure your heirs' future.

Related Episodes:

Using a Backdoor Roth IRA for Retirement Savings (Ep. 54)

Controlling Your Wealth with Wills, Trusts and Estate Planning (Ep. 14)

Ready to take the next step?

• Subscribe to the Podcast: pod.link/1671924778
• Don't forget to leave a review!
• Follow Michelle for more financial tips:
  • YouTube: youtube.com/@theunconventionalinvestor
  • Instagram: michelle.e.moses
  • Website: www.mefinancial.net

Disclaimer: The information provided in this podcast is for general informational purposes only and should not be construed as professional financial advice. Always consult with a qualified financial advisor or professional before making any financial decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.

We've all seen that long list of options your employer hands you. Do you need all of them? Which ones are worth it?

In this episode, Corina Vakira Delugos, MBA, EA talks to us about which benefits can save you in taxes - so you're spending tax-free money for your expenses. Corina is a financial services professional with over 25 years of experience in tax, mortgage, and insurance planning.

Key Takeaways:

• Utilize Flexible Spending Accounts (FSAs) Wisely:

  • Depend Care FSA

    : Set aside up to $5,000 pretax for child or dependent care.

  • Healthcare FSA

    : Use for out-of-pocket medical expenses, but remember that funds generally don’t roll over.

• Maximize Health Savings Accounts (HSAs):

  • Paired with high deductible health plans.

  • Triple tax benefits: contributions are tax-deductible, growth is tax-free, and withdrawals for medical expenses are also tax-free.

• Explore Employee Stock Purchase Plans (ESPPs):

  • Purchase company stock at a discount.

  • Hold for over a year for favorable long-term capital gains tax treatment.

Listen to the full episode for more tips and strategies to save on taxes while making the most of your employee benefits!

Contact Corina - www.keenfinancialsolutions.com

Ready to ditch the financial stress?

• Subscribe to the Podcast: pod.link/1671924778
• Don't forget to leave a review!
• Follow Michelle on YouTube: https://www.youtube.com/@theunconventionalinvestor
• Follow Michelle on Instagram: michelle.e.moses
• Work with Michelle: www.mefinancial.net

Disclaimer: The information provided in this podcast is for general informational purposes only and should not be construed as professional financial advice. Always consult with a qualified financial advisor or professional before making any financial decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.

Have you had a hard time finding a tax preparer, or been less than happy with the match? Many people make the mistake of picking a tax advisor without asking the right questions, only to face unexpected bills or inadequate service when IRS issues arise.

To help us navigate this, we have Corina Vakira Delugos, MBA, EA. Corina is a financial services professional with over 25 years of experience in tax, mortgage, and insurance planning. In this episode, Corina shares tips on the important questions to ask when choosing a tax professional—from understanding their qualifications and experience to knowing what types of clients they typically serve.

Here are 3 key takeaways from our discussion:

1. Understand Their Specialization and Credentials: Not all CPAs handle personal taxes. It's important to ask about their qualifications and the specific types of clients they usually work with to ensure they align with your needs.

2. Communication and Transparency: Knowing how your tax professional communicates and what they expect from you. This can include their availability during tax season and whether they provide pricing transparency upfront.

3. Proactive Tax Planning: Engage with a tax professional who is forward-thinking and proactive about tax planning. This approach can save you thousands of dollars and make the tax filing process smoother.

🎧 Listen to the full episode to get all the tips on making sure your tax professional is the right fit for you!

Contact Corina - www.keenfinancialsolutions.com

Ready to ditch the financial stress?

• Subscribe to the Podcast: pod.link/1671924778
• Don't forget to leave a review!
  
• Follow Michelle on YouTube: youtube.com/@theunconventionalinvestor
• Follow Michelle on Instagram: michelle.e.moses
• Work with Michelle: www.mefinancial.net

Disclaimer: The information provided in this podcast is for general informational purposes only and should not be construed as professional financial advice. Always consult with a qualified financial advisor or professional before making any financial decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.