The conversation centered around the importance of year-end tax planning, investment planning, and paying taxes now to avoid higher tax brackets in the future. Financial planners should capitalize on potential bright spots in 2021 despite challenges. Accurate information is crucial for creating an effective tax estimate, and tax planning can help individuals avoid paying the right amount at the right time. Understanding an individual's financial fingerprint is key to creating a personalized financial plan, and investing for one's future. The speakers emphasize the importance of balancing a portfolio and investing in a way that aligns with one's goals, while also discussing retirement planning strategies and the need for proper documents such as power of attorneys. They highlight the potential elimination of tax deferral loopholes for real estate transactions and the importance of having a sound financial plan to avoid reacting to market fluctuations every day.
https://www.akersfinancial.com/winning-in-retirement?utm_source=podcast%20description&utm_medium=podcast&utm_campaign=podcast%20description
