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In this episode, I discuss the five critical things to watch out for when switching jobs, whether transitioning between employers or moving from W2 to 1099 status. We explore essential considerations including COBRA insurance coverage, managing your 401(k) rollover options, and strategic tax planning opportunities during employment transitions. I also share valuable insights about Roth conversion opportunities during income changes and the important differences between W2 and 1099 employment benefits.
Timestamps:
00:00:00 Intro
00:01:07 COBRA Insurance and Health Benefits During Job Transitions
00:01:55 Managing 401(k) Rollovers and Investment Options
00:06:02 Strategic Timing for Roth Conversions
00:07:17 Year-End Tax Projections and Social Security Considerations
00:09:34 W2 vs 1099: Benefits Analysis and Lending Implications
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► https://taxstrategy365.com/pod-ama
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*None of this is meant to be specific investment advice, it's for entertainment purposes only.
