Laura, Randy, and Jeremiah Lee discuss the history of taxes, and discuss tax planning strategies, emphasizing the importance of understanding tax laws and utilizing tax loss harvesting. You won't want to miss Randy and Jeremiah facing off in the "Tax Dash" game. Laura highlighted the emotional state of clients when preparing taxes, while Randy stressed the need for constant awareness of changing tax laws. Jeremiah emphasized a long-term, multi-year approach to tax planning, and Laura shared her experiences working with local CPAs. Later, Laura and Randy discussed the relationship between tax rates and productivity, with Randy provided historical context on the highest tax bracket in US history and Laura questioning the impact of low tax brackets on economic growth.
Reach out at contact@tricordadvisors.com
This week on Building Wealthy Habits:
00:00 - Laura introduces the tax-themed game show "Tax Dash"
0:09:38 - Jeremiah and Randy go head-to-head!
0:12:02 - Bonus historical context about Al Capone to earn an extra point and win the game
0:15:03 - The group discusses long-term tax planning strategies they implement for clients
0:20:15 - Strategies of tax loss harvesting in investment accounts
0:22:09 - Donor advised funds for charitable giving
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: Laura@tricordadvisors.com
Connect with Randy:
LinkedIn: https://www.linkedin.com/in/rkbarkley/
Email: Randy@tricordadvvisors.com
