Tag: Tax Reduction Strategies
#17 | Arizona Tax Credits
Show NotesTranscriptView All Episodes For our listeners in Arizona, the state offers four great ways to receive tax credits on your state return. This is a tax credit, not a tax deduction, and Bruce starts today's episode by explaining the significant difference between the two.  We then break down each of the four possible credits: Private School Arizona Tax Credit Public School ArizonaRead more
#16 | The 1031 Tax-Free Exchange
Show NotesTranscriptView All Episodes A 1031 exchange refers to the section of the internal revenue code section that allows property owners to take the proceeds of a sale of real estate and reinvest those same proceeds into another property without recognizing a capital gain and without having to pay the taxes on the same. Â Instead, they get to defer theRead more
#13 | Qualified Charitable Distributions or QCDs
Show NotesTranscriptView All Episodes For IRA owners that are charitably inclined, a Qualified Charitable Distribution, or QCD, can be an incredibly useful tool. Today, Bruce Hosler of Hosler Wealth Management explains the rules around QCD's, including who is eligible to make them, which organizations are eligible to receive them, which accounts can be used, and some very common pitfalls toRead more
#11 | The Inflation Reduction Act – What Does It Mean For You?
Show NotesTranscriptView All Episodes In September, the government passed the "Inflation Reduction Act."  Today Bruce Hosler of Hosler Wealth Management breaks down the key pieces of the legislation and how it can affect you going forward.  We break it down into 9 key areas: Health Care Premium Tax Credit New Home Energy Systems Tax Credits New Energy Efficient Home Improvement TaxRead more
#10 | IRA & 401K accounts are no longer good wealth transfer tools
Show NotesTranscriptView All Episodes n the last episode, Bruce Hosler and Jag spoke about the SECURE Act, passed in 2019, and its effects on inherited and stretch IRAs. Today, we dive deeper into why traditional IRAs and 401ks are no longer good wealth transfer tools. Ideally, you want to minimize both your tax burden and the burden of your heirs. AndRead more
#7 | The 5-year Rule With Roth IRAs and Roth 401Ks
Show NotesTranscriptView All Episodes Today, Bruce Hosler of Hosler Wealth Management sits down with Jon Gay to talk about the "5-year rule" regarding Roth IRA and Roth 401K accounts. These rules are in place to encourage investors not to withdraw from their Roth accounts before age 59 1/2. Â And if these rules aren't followed, they can result in stiff taxRead more
#5 | Convert Your IRA to a Roth IRA on a Market Dip
Show NotesTranscriptView All Episodes Today, Bruce Hosler of Hosler Wealth Management talks about converting your IRA into a Roth IRA, and why a market dip is a good time to do so. First, Bruce and Jon go over requirements for these conversions, such as deadlines and how required minimum distributions, or RMD's, come into play. When markets are down, stocksRead more
#3 | All About Inflation
Show NotesTranscriptView All Episodes In today's episode, Bruce Hosler of Hosler Wealth Management sits down with Jon Gay to talk about the one topic on everyone's mind in 2022 - INFLATION. What is causing this inflation? Demand/Supply imbalance More money chasing less products. (Supply chain) Shortages of availability (Housing) What is Demand Destruction? Higher mortgage interest rates (Already reports ofRead more
#2 | Will US Tax Rates Go Up or Down?
Show NotesTranscriptView All Episodes One of the most common questions Bruce Hosler and the team at Hosler Wealth Management are asked: "Will taxes go up or down?" Â And while we don't have a crystal ball, there are some pretty strong indications that taxes are going to go up. First, the 2017 Tax Cuts and Jobs Act, without any intervention fromRead more
#1 | What Does Tax-Free Mean?
Show NotesTranscriptView All Episodes In our first episode, Bruce Hosler of Hosler Wealth Management sits down with co-host Jon Gay to explain the term "tax-free." Â What does it really mean? When you're looking at retirement income, you don't want that income to be taxed at the federal or state level. Â Furthermore, you don't want it to count as provisional incomeRead more
