Tag: 401K
Turning High Income Into Lasting Wealth (Ep. 99)

Turning High Income Into Lasting Wealth (Ep. 99)

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Earning a high income doesn’t automatically translate to lasting wealth. The real challenge is how to transform those peak earning years into a retirement filled with stability and freedom.

In this episode, Josh Leonard shares three practical strategies to reduce taxes now and build wealth for the long term. From maxing out tax-advantaged accounts to using charitable giving vehicles and understanding capital gains planning, Josh explains how intentional decisions today can lead to a more tax-efficient retirement tomorrow.

Key takeaways:

  • The importance of converting “rich” (high income) into true wealth 
  • Maxing out 401(k), IRA, Roth, and HSA contributions to take advantage of tax benefits 
  • How donor-advised funds can amplify charitable giving while reducing taxes
  • Using deferred compensation and capital gains strategies for long-term efficiency
  • Why proactive retirement planning makes the transition smoother and more intentional
  • And more!

Resources:

Connect with Josh Leonard: 

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Spring Cleaning! 10 Tips to Clean up your Finances (Ep. 14)

Spring Cleaning! 10 Tips to Clean up your Finances (Ep. 14)

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As the flowers bloom, the grass gets greener and our worries feel lighter, we know that spring is around the corner. You’re probably cleaning out your closets this spring or your garden beds but we’re going to talk about financial spring cleaning as this is a great time to get organized. It is a process of organizing your finances and reviewing your financial position. It can help find areas to save money, reduce expenses and improve your retirement.

In this episode, Josh Leonard discusses 10 different ways you can clean up your finances to get ready for this season and easily transition, helping you feel confident in your portfolio. 

Josh discusses: 

  • How you can calculate and review your expenses 
  • Cleaning up debt and checking your credit report
  • How to approach that junk drawer we all dread going in to 
  • Optimizing your tax strategy to pay fewer taxes in retirement
  • Some strategies on how to operate inactive accounts from prior jobs or student accounts that are no longer in use
  • And more

Resources:

Connect with Josh Leonard: 

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