Description

Most people think about taxes only once a year — when it is time to file. But real tax strategy happens throughout the year.

In this episode of One More Round, Josh Norris, ChFC, breaks down the difference between tax filing and tax planning, and why business owners, high-income earners, families, and retirees should be having proactive conversations before tax season arrives.

Josh covers common tax planning topics like retirement contributions, 401(k)s, Roth strategies, self-employed deductions, business purchases, tax credits, and why assuming you’ll be in a lower tax bracket in retirement can be a costly mistake.

This episode is for educational purposes only and is not tax, legal, or financial advice. Always consult your CPA, tax professional, or financial advisor for guidance specific to your situation.

In this episode, we discuss:

•  Why tax planning is not the same as tax filing 
•  Common mistakes people make with taxes 
•  How retirement contributions can affect taxable income 
•  Pre-tax vs. Roth strategies 
•  Why retirement income may still create a tax burden 
•  How business owners can think more strategically throughout the year 
•  Why quarterly planning conversations can make a big difference 

To learn more or schedule a conversation, connect with Josh Norris, ChFC, and the Arrive Financial team.