Roth Conversion – Relax, It's Retirement Podcast

5 Key Tax Opportunities to Capture Before Year-End! (Ep. 77)

By Relax, It's Retirement | November 19, 2024

Are you making the most of your year-end tax planning?

In this episode, Josh Leonard dives into effective year-end tax planning strategies to maximize your savings. Prepare for an insightful discussion on Roth conversions, tax loss harvesting, and charitable giving.

Learn how to navigate potential tax pitfalls and make informed financial decisions before the calendar flips to a new year.

Josh covers:

Roth conversions and their tax advantages
Tax loss harvesting to offset gains
Charitable giving strategies, including QCDs and donor-advised funds
Maximizing deductions for medical expenses
Adjusting withholding for accurate tax planning
And more!

Resources:

Connect with Josh Leonard:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Financial Planning Strategies to Avoid Costly Mistakes (Ep. 74)

By Relax It's Retirement-Podcast | October 29, 2024

Feeling empowered in retirement requires careful planning to avoid unnecessary costs and maximize enjoyment.

Are you prepared to handle debt, taxes, and big life changes in retirement?

Learn how financial strategies can help you manage taxes, pay down debt, and even enjoy your golden years worry-free.

In this episode of Relax, It’s Retirement Josh Leonard and Pete Belcastro dive into the world of financial empowerment through careful planning and smart tax strategies. They explore real-world scenarios, including helping clients navigate unexpected credit card debt and embrace the freedom of spending wisely in retirement. Learn how tailored planning can lead to a worry-free retirement, allowing you to focus on living your life to the fullest.

They discuss:

How comprehensive tax planning can significantly reduce unnecessary expenses
The benefits of using a structured, three-bucket strategy for financial security
Real-life success stories demonstrating financial empowerment through planning
Strategies for maximizing income in retirement while minimizing potential financial stressors
And more!

Resources:

Connect with Josh Leonard:

Connect with Pete Belcastro:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Navigating Post-Employment 401(k) Options (Ep. 38)

By Relax It's Retirement-Podcast | February 20, 2024

What are the long-term impacts of keeping your 401(k) with a former employer versus rolling it over to an IRA or a new employer’s plan? How can the benefits of IRA rollovers and Roth conversions influence your decision for penalty-free withdrawals?

Josh Leonard explores the advantages and disadvantages of maintaining the 401(k) with a past employer, transitioning it into an IRA, or moving it to the retirement plan of a new employer. He highlights the importance of comprehending the regulations, costs, and tax consequences associated with each plan.

Josh discusses:

What are the options for handling a 401(k) with a previous employer
When is it appropriate to roll over a 401(k) to an IRA
How do automatic savings and employer matching contributions benefit 401(k) participants
What are the potential tax implications and benefits of converting a traditional 401(k) or IRA to a Roth IRA
And more