Shows
Retirement Tax Services Podcast“Taxes over time” with Benjamin BrandtJoining the show this week is perhaps one of the forefathers of financial advisor podcasts, Benjamin Brandt. Ben shares his podcast and tax planning origin story (both predate being involved with RTS) and how his approach to these key areas of growth have changed over time. You don't have to be a tax expert to deliver massive value to clients, you do need to be consistent and committed and Ben gives great insight on both. https://zurl.co/pviIu2024-12-1630 min
The Retirement Tax PodcastEncore episode: Understanding Your Tax Return: Part 1This throwback takes us to the most listened-to episode of the year! In this episode, resident "Least Boring CPA" Steven Jarvis takes listeners through the first part of 1040, providing insights and information to help you understand your tax return. Steven dived into both technical details and key reminders on what’s most relevant, along with important yearly changes to watch out for. This episode is as "hands-on" as it gets—so grab your own tax return and follow along as Steven breaks it down https://zurl.co/oq0X3.2024-12-1519 minThe Retirement Tax PodcastThrowback: The worst two words when planning for the future Ep.78This week’s throwback takes us to one of our most popular episodes from last year, originally released on December 1st, 2023! In this episode, Ben and Steven had a less technical discussion and instead focused on the importance of mindset and perspective when it comes to planning. The words we use can make all the difference on the success of a plan and our ability to really consider changes we may need to make. Ben and Steven also talked about a live webinar they had together and some of the highlights of what was discussed there. Let’s revisit the...2024-12-0116 minThe Retirement Tax PodcastI got audited! (sort of) EP.77In this episode, Ben peppers Steven with questions about a recent IRS audit he participated in. Steven shares the ins and outs of going through an IRS audit, best practices for the actual process, and why it's so important to take the "straight face" approach to taxes whether you ever get audited or not. Listen in as Ben asks questions you've probably always had, and Steven takes some of the mystery out of what an IRS audit can be like. No, they aren't fun, but they don't have to be scary. https://zurl.co/kpvu2024-11-1517 minThe Retirement Tax PodcastLook out! Here comes the election Ep.76In this episode Ben and Steven talk about the weather (it was only a quick tangent, we promise), the upcoming election and the kind of tax planning that will get a professional sued. As always they are focused on helping people consistently do the little things over time that add up to a big difference and help listeners tune out the noise and confusion that inevitably comes with an election year, including on tax topics. Steven and Ben also answer a listener question, which we love receiving so keep sending them in. https://zurl.co/yVNH2024-11-0119 minThe Retirement Tax PodcastThe One Episode On Politics (Sort of) Ep.75With only a few weeks until the election, Ben and Steven share their thoughts on how you should change your tax planning based on who wins. Spoiler Alert: regardless of the outcome of the election, you are most likely going to keep doing the same foundational things. Tax laws change; it's normal. The people who do their best to minimize their lifetime tax bill take a proactive, long-term approach, and that means not overreacting to headlines and sound bites. Listen in as Ben and Steven share their thoughts on how to navigate uncertainty on taxes.2024-10-1519 minThe Retirement Tax Podcast91 days left of 2024; what's on your tax to-do list? Ep.74Ben and Steven are back and in this episode they are helping you get ready for the end of the year. With 91 days until 2025 there are still actions you can take but it pays to get started and avoid the end of the year crunch. In addition to sharing tax planning strategies you should be thinking about Steven shares some of the most common "bumps" he sees DIY taxpayers run into and how you can avoid them. https://zurl.co/BBq6 2024-10-0120 minThe Retirement Tax PodcastInherited IRAs - what you need to know Ep.73The dynamic duo are back together to discuss the IRS's latest "change" to tax rules. This isn't a new topic but the IRS has recently "finalized" the rules originally proposed years ago around inherited IRAs. Ben and Steven provide insight for how to think about inherited IRAs, the the 10 year rule, the value of long term planning and the requirements around required minimum distributions https://zurl.co/kt942024-09-1519 minThe Retirement Tax PodcastThe real math on owning real estate Ep.72In this episode Ben is generous enough to share a personal tax experience to help all our listeners better understand a confusing topic: real estate. Listen in as Ben and Steven talk through the details of Ben's real estate journey including the taxes along with other pieces people don't always think about when they are trying to decide if an investment was in fact "a good deal". Most people just look at "how much did I pay for it and how much can I sell it for" but that leaves out the cost of ownership each year and the...2024-09-0116 minThe Retirement Tax PodcastMy CPA has no idea...what do I do next? Ep. 71In this episode Ben and Steven share stories about everyone's favorite Office couple "Jim and Pam" and some of the tax situations they can find themselves in. More specifically they talk about what you can do when you have a CPA who is unwilling or unable to help you. They both share examples of how this situation can come about and what you can do if you are "lucky" enough to end up on the receiving end of confusing communications from the IRS. As always Steven and Ben give you actionable advice that can help you the next time...2024-08-1518 minThe Retirement Tax PodcastWhatcha gonna do when they come for you? Ep.70Steven and Ben are back sharing their insight on real world tax situations they have personally helped clients deal with. First, they discuss the unfortunate (but all too common) scenario when two professionals are providing you with different opinions. Ben shares his first-hand experience dealing with this as one of those two professionals and what he learned along the way. They also discuss the challenges that can come up with tax planning when the IRS doesn't seem to understand their own rules. While it's great to have a tax pro Ben and Steven discuss why it's important to understand...2024-08-0119 minThe Retirement Tax PodcastTriple Tax Advantage Ep.69In this episode Ben and Steven share insight on Health Savings Accounts (HSAs) specifically prompted by listener questions. In addition to covering the basics of what everyone should know about contributing to, investing in and using an HSA, the guys also cover some more unique situations that come up with HSAs. In particular they give you the run through on how using an HSA changes when Medicare comes into the picture. Whether you currently have an HSA or not this episode will provide great insight.2024-07-1519 minThe Retirement Tax PodcastIRS Dirty Dozen Ep.68Once again (this is their third year!) Ben and Steven are giving you the highlights of the IRS Dirty Dozen, an annual list of frauds, schemes and scams to be on the look out for. This episode is not meant to scare, just make you aware. Steven and Ben share insight on what's out there and what you can do to help protect yourself from bad actors and unfortunate situations that can pop up. The great news is that there are resources available and you can absolutely the craziness this list represents. https://zurl.co/bJWy2024-07-0118 minThe Retirement Tax PodcastYour questions answered Ep.67Summary: In this episode Steven and Ben are back together and answering questions sent in by great listeners like you. Covering a variety of topics Ben and Steven take the time to give specific answers to these situations along with broader insight that will benefit everyone listening in. Stay tuned to the end as Steven and Ben talk about tax filing statuses, 529 plans and creative ways to use them along with 1031 exchanges and rental properties. You can submit your own question at retirementtaxpodcast.com https://zurl.co/FFwQ2024-06-1520 minThe Retirement Tax PodcastIt's on my return, but what does it mean? Ep.66Continuing the theme of sharing lessons learned from recent client conversations, Steven and Ben share common things they see on tax returns that are just as commonly areas for confusion and questions. The tax code can feel like a mystery but with a little help it can be less intimidating. The guys share some of the things they regularly see, like foreign income and business deductions for non-business owners, that might have you scratching your head if you've never encountered them before. Listen in as Steven and Ben shed some light on things you may have always wondered but...2024-06-0119 minThe Retirement Tax PodcastI haven't filed my taxes...now what? Ep.65In this episode our dynamic duo is back for more tax fun as Ben wrapped up his spring surge and Steven is passed the tax filing deadline. Fresh off of so many client meetings they both have stories to share and questions to answer. This episode's discussion focuses on what to do if you (or someone you know or are responsible for) haven't filed your taxes...maybe in a few years even. The good news is that it is unlikely any is going to jail, it's just time to get things caught up and back on track. 2024-05-1518 minThe Retirement Tax PodcastWhat the heck is "tax resolution"? with Kristine Stevenson Ep. 64In a special episode this week Steven is joined by a tax professional who doesn't do any tax preparation. Kristine Stevenson is an Enrolled Agent who previously worked for the IRS and now specializes in tax resolution work. Steven and Kristine talk about what tax resolution work includes and when it might be something a taxpayer needs to pursue. They also discuss what it's like working for the IRS and how their systems and communications work. This interview was originally recorded on Steven's podcast for Financial Advisors. https://zurl.co/CFTm2024-05-0128 minThe Retirement Tax PodcastPsychology and Taxes with Ashley Quamme Ep.63This week's episode is a special one in that Steven is not being joined by a CPA or CFP. Steven's guest this week, Ashley Quamme, is actually a Fractional Financial Behavior Officer (don't worry, they talk about what that is) and specializes in helping financial planning firms go beyond the numbers and understand how their clients think, feel and do money. Steven and Ashley explore the science behind some of the things Steven has learned and does in his own practice and the advice he shares with Advisors. This is an incredibly insightful conversation that will give you a...2024-04-1529 minThe Retirement Tax PodcastIt's April! What should I be doing about taxes? Ep.62Benjamin Brandt is back on the join this week and rejoins Steven Jarvis to talk tax topics that are relevant in April. Whether you've already filed your return or still need to get it across the finish line the guys have some great information for you. They also dive into what it means to file an extension and when it makes sense to do just that (spoiler, Steven regularly files an extension for his own taxes). And they cover some of the things you should be on the lookout for before you get your heart too set on amending...2024-04-0120 minThe Retirement Tax PodcastUnderstanding Your Tax Return: Part 3 Ep.61In this episode resident "Least Boring CPA" Steven Jarvis wraps up his walkthrough of a 1040 providing insight and information to make sure you understand your tax return. Steven covers both technical details as well as reminders on what might be most relevant to you and changes to watch out for from year to year. This is as "hands on" as a podcast episode can get so be sure and follow Steven's recommendation to have your own tax return handy as you listen to this great episode. https://zurl.co/WV572024-03-1519 minThe Retirement Tax PodcastUnderstanding your tax return: Part 2 Ep.60In this episode resident "Least Boring CPA" Steven Jarvis continues taking you through the first part of a 1040 providing insight and information to make sure you understand your tax return. Steven covers both technical details as well as reminders on what might be most relevant to you and changes to watch out for from year to year. This is as "hands on" as a podcast episode can get so be sure and follow Steven's recommendation to have your own tax return handy as you listen to this great episode. https://zurl.co/5eCD2024-03-0118 minThe Retirement Tax PodcastUnderstanding your tax return: Part 1 Ep.59In this episode resident "Least Boring CPA" Steven Jarvis takes you through the first part of a 1040 providing insight and information to make sure you understand your tax return. Steven covers both technical details as well as reminders on what might be most relevant to you and changes to watch out for from year to year. This is as "hands on" as a podcast episode can get so be sure and follow Steven's recommendation to have your own tax return handy as you listen to this great episode. https://zurl.co/QduA2024-02-1519 minThe Retirement Tax PodcastThe internet wouldn't lie to you, would it? Ep.58In this episode your favorite "least boring" tax podcast hosts are back to sort out the truth on the internet. Sharing some recent tax articles they read, Steven and Ben dive into a specific example of when the internet gets it wrong and some general advice on how to make sure you know what is actually true online. This isn't about dragging anyone through the mud, Steven and Ben both give examples of times they've gotten things wrong, but it's important to commit to life long learning and always improving. https://bit.ly/3S56UUJ2024-02-0117 minThe Retirement Tax PodcastTax Potpourri Ep.57In this episode your Least Boring Tax Podcast hosts cover a variety of tax topics including unusual ways to use the IRS's 60-day rollover rules on IRAs. As always Ben and Steven pull from real experiences serving real clients to share ways you can better understand your own tax situation and proactively plan for the future to sand the rough edges off your Retirement Tax bill. https://bit.ly/3HeePtO2024-01-1517 minThe Retirement Tax PodcastHappy New (Tax) Year! Ep.56Ben and Steven are kicking off 2024 by helping you wrap up 2023 and look to the future. Just because the calendar flipped over doesn't mean we can forget about 2023 quite yet. Make sure you are keeping track of important deadlines and on the look out for the tax documents you or your tax pro will need to get your 2023 tax filing done. Taxes will hopefully NOT be the most exciting part of your 2024, but small consistent actions over time will help make sure they are a little less painful this year. 2024-01-0119 minThe Retirement Tax PodcastThrowback: “Getting Real about Aunt IRMAA” Ep.55Going back to the most popular episode of the year of The Least Boring Tax Podcast as Steven and Ben discussed all things Medicare and everyone's least favorite tax relative: IRMAA. You hear the acronym all the time but our dynamic duo took a few minutes to dive into how IRMAA really works and the important things to keep in mind when IRMAA starts effecting you. https://bit.ly/47XvTQM2023-12-1523 minThe Retirement Tax PodcastThe worst two words when planning for the future Ep.54In this episode Ben and Steven have a less technical discussion and instead focus on the importance of mindset and perspective when it comes to planning. The words we use can make all the difference on the success of a plan and our ability to really consider changes we may need to make. Ben and Steven also talk about a recent live webinar they did together and some of the highlights of what was discussed there. 2023-12-0116 minThe Retirement Tax PodcastTaxes in the real world, Ep.5303In this episode Ben and Steven discuss some real life examples of how things can go wrong with the IRS. This isn't meant to be doom and gloom, they share how you can be proactive and avoid getting into trouble, and best practices for what you should do if the IRS does ever have questions about any of your tax returns. At the end of the day applying the "straight face" test and keeping great records are your keys to success. https://bit.ly/3QW2ZJx2023-11-1519 minThe Retirement Tax PodcastBack to the basics on Roth, Ep.52Thanks in part to an article that kept being sent to Steven, he and Ben share their thoughts on what the true value of Roth accounts can be and how to sift through the "noise" on the internet (that Steven refers to as garbage at one point in the episode). Tax planning is situation specific so Ben and Steven talk about the clients they typically work with and how it is going to make the most sense to look into Roth options. Stay to the end for their thoughts on what Congress might do in the future with Roth...2023-11-0117 minThe Retirement Tax PodcastOne of you is going to die first, Ep.51In this episode Ben and Steven give a preview of the upcoming live webinar on October 25th centered around planning for the inevitable passing of the first spouse. It may not be a fun topic to think about but there are a lot of important planning considerations when it comes to your life and legacy. From how your tax situation will immediately change to proactively disclaiming assets our hosts share valuable insight and an invitation to join a live session to learn even more. https://bit.ly/3ZwfYW32023-10-1521 minThe Retirement Tax PodcastHow to "guarantee" an IRS audit, ep. 50In this episode Ben and Steven compare their approaches to the speed limit (they recently took a road trip with their families) and how that is different from how they look at filing their taxes. They are serious when they say "pay every dollar you owe", tax planning is not trying to see what you can get away with. Our hosts go through an entire list of potential ways to increase your risk of audit and share similar wisdom for most of these areas: do the right thing and keep great records. https://bit.ly/452LfB02023-10-0125 minThe Retirement Tax PodcastThe IRS's dirty dozen - 2023 edition, ep.49In this episode Steven and Ben are back to share the latest from the IRS on where they are seeing fraud and scams happen. Hopefully none of these apply to you but it's always good to know what to be on the look out for so you can be one step ahead of the "bad guys". Steven and Ben share their insight on which ones on the IRS's list you should keep an eye on and how to make sure you keep yourself protected. https://bit.ly/3sKYRDB2023-09-1522 minThe Retirement Tax PodcastHealth Savings Accounts (HSAs) - what you need to know, ep.48 This episode was prompted by a Financial Advisor's question who follows along with Ben and Steven (there are always new things to learn, even for professionals!). Join the discussion as our hosts talk through the details you need to know and the actions you can take so you are getting the most out of this incredible tax savings tool. Listen through to the end so you can hear the question and answer so you are better prepared to understand the options when an HSA holder passes away. https://bit.ly/3DUWVdP2023-09-0120 minThe Retirement Tax PodcastDon't Trust the internet, ep.46 In this episode, Steven and Ben discuss themes that come up online around "tax planning" and share their thoughts on how you should be looking at them. They give specific examples of strategies that are worth looking into and ones that are more sizzle than steak. More than anything they reinforce the importance of making sure you (or a professional you work with) are taking the time to understand the details and not make decisions based on headlines or TikTok videos. Ben and Steven advocate for focusing on the small, consistent things that can be done over time to...2023-08-0122 minRetirement Tax Services PodcastTaxes and Podcasts, breaking down complex topics with Benjamin Brandt Before episode 1 of the RTS podcast was ever recorded Steven was learning from the best in the business to make sure he started on the right foot, including from his guest on today's episode, Benjamin Brandt. Ben was podcasting about financial planning before it was ever cool and comes on the show to share his experience and what he has learned along the way about communicating with prospects and clients that goes beyond simply podcasting. Listen to the end as Steven and Ben talk about resources available to Advisors looking to do more around improving their communication skills AND...2023-07-1728 minThe Retirement Tax PodcastGetting Real about Aunt IRMAA, ep.45 Join Ben and Steven as they discuss everyone least favorite tax relative: IRMAA. You hear the acronym all the time but our dynamic duo takes a few minutes to dive into how IRMAA really works and the important things to keep in mind when IRMAA starts effecting you. They also discuss opportunities for potentially lowering you IRMAA related income and the form you can use to request a waiver of premium increases in a year where your income drops, like the first year of retirement. In case you missed it in a previous episode, Steven and Ben also chat...2023-07-1522 minThe Retirement Tax PodcastWhat to do when something goes wrong on taxes, ep.44 Of course we all work to do everything right the first time, but life happens! When it comes to taxes, having something go wrong can feel daunting if not down right scary. In this episode Steven and Ben talk about some of the common mistakes that can come up on tax returns and what to do if you happen to make a mistake. Sometimes the best intentions aren't enough so it's important to know what steps to take when this situation arises for you. Stay tuned to the end as Ben and Steven answer listener questions focused on the...2023-07-0118 minThe Retirement Tax PodcastTools of the Trade with special guest Jason Parker, ep. 43 For the first time the Least Boring Tax podcast welcomes a guest to the show. Jason Parker is the host of the Sound Retirement Radio podcast and like Ben and Steven, is on a mission to help as many people as possible with retirement. Jason has created an online retirement specific budgeting tool that even covers taxes at a high level and comes on the show to talk about how this tool came about and the community he has built around it. Steven and Jason share their thoughts on getting ready for retirement and how to balance tools and...2023-06-1522 minThe Retirement Tax Podcast"Will the IRS find out" is the wrong question. ep. 42 In this episode Ben and Steven discuss the difference between "reportable income" and "taxable income", particularly as it relates to taxpayers doing contract and consulting work (a.k.a "side gigs"). Of course, reporting all of your income is important but this is still the Least Boring Tax podcast and all about helping you sand off the rough edges of your tax bill. Listen in as Steven and Ben go through some of the deductions you may be able to claim against your non-employment income to help lower the amount of your hard-earned money the IRS keeps every year.2023-06-0119 minThe Retirement Tax PodcastSpecial Invitation! There’s less than a week as we are counting down until the May 24 Webinar from the co-hosts of the Least Boring Tax podcast (aka the Retirement Tax Podcast): Benjamin Brandt, CFP and Steven Jarvis, CPA. At this Power Session, our co-hosts will share how you can calculate your Retirement Tax bill and just as importantly, what you can do to start sanding the rough edges off of that bill. Don’t forget your 2022 tax return so you can follow along and immediately start applying what you learn! Get ready to go through the real math...2023-05-1801 minThe Retirement Tax PodcastTo DIY or not to DIY your taxes, ep. 41 There is something very satisfying about being able to do something yourself (like taxes) that many people have done by a professional, but is it always a good idea? Steven and Ben discuss the benefits of being a DIYer on taxes and when they see it go really well. Our hosts also discuss signs to be on the look out for that it might time to get some extra help. Steven even shares his own experience with DIYing other things in life and getting to the point where he was just ready to let someone else worry about it...2023-05-1520 minThe Retirement Tax PodcastThe Tax Return Treasure Hunt, ep. 40 In this episode our dynamic duo discusses what taxpayers can do now that their tax return is filed to prepare for the future. Ben and Steven share some of the things they regularly look for on their clients tax returns to help make sure they are not getting killed on taxes. The team discusses both mistakes and errors to look out for as well as potential planning opportunities that might be available for the future. Listen until the end as Ben and Steven answer a listener question about how and when taxes should get paid. https://bit...2023-05-0122 minThe Retirement Tax PodcastTax Planning vs. Tax Preparation, ep.39 Ben and Steven discuss the important distinction between tax preparation (what happened last year) and tax planning (what can happen in the future). Most people know they have to file a tax return (tax preparation), but many taxpayers are at a loss for what they can and should be doing to reduce their lifetime tax bill in the future (tax planning). Listen in as Ben shares how to estimate what your "Retirement Tax" bill might look like and Steven shares potential opportunities that might help you shave the rough edges off of that bill. http://bit.ly/3...2023-04-1520 minThe Retirement Tax PodcastYour taxes are filed (hopefully), now what? ep.38 In this Episode Steven and Ben talk about what listeners can do now that their 2022 are filed (and touch on a few things to keep in mind if you haven't quite finished). While filing last year's tax return is an important step, the Least Boring Tax hosts you know share their thoughts on why tax planning can be so much more valuable. Listen in as Ben and Steven share things you can be on the look out for as you review your tax return and start asking yourself questions about tax planning for the future. http://bit...2023-04-0120 minThe Retirement Tax PodcastThe building blocks of taxes, ep.37 In this episode Ben and Steven discuss foundational principles that every tax payer should be aware of but was likely never taught. Taking ideas right out of Steven's new book, "Don't Get Killed on Taxes", the Least Boring Tax Podcast will teach you a few things you need to understand to get started on making your own tax plan. http://bit.ly/3Ths1U3 2023-03-1520 minThe Retirement Tax PodcastIt's March 1st, do you know where your tax return is? Ep. 36The least boring tax podcast hosts are back to talk about where we find ourselves in the annual tax filing season. Steven shares a recent example of a "love letter" he is helping a client with from the IRS and shares best practices for taxpayers who end up getting their own letter from the IRS. As always Ben and Steven dive into a listener question and this time it's all about required minimum distributions and what taxpayers should be doing with the potential delay in RMDs starting that came out of SECURE Act 2.0 http://bit.ly/3Ek8...2023-03-0119 minThe Retirement Tax PodcastWriting the book on taxes, literally, ep.35 In this episode Ben and Steven share insights and takeaways from Steven's new book, Don't Get Killed on Taxes (available now on Amazon). Ben and Steven focus on common "myths" that taxpayers incorrectly believe and how to change your mindset around these crucial areas. The Least Boring Tax Podcast hosts also tackle a listener question about the tax implications of inheritances. http://bit.ly/3XhM7hl 2023-02-1519 min
The Retirement Tax PodcastWatch Out, Here They Come - Time to Get Ready for Your Tax Filing, Ep. 34In this episode, Ben and Steven sit down to chat about important dates, key documents, and all kinds of things that you need to know while preparing your tax filings for the year. You will get to hear why filing early isn’t necessarily encouraged and what they recommend when it comes to timing your filing. You can find all show notes for this episode at: https://bit.ly/3Y7wn1j 2023-02-0120 min
Big Picture Retirement®Finding the Right Tax AdvisorFinding the right tax advisor can be a frustrating experience. Today, we talk to Steven Jarvis, CPA about the steps you should take when looking for a new advisor to help you with taxes. Steven is the owner of Retirement Tax Services and aims to bridge the gap between tax professionals, financial advisors, and their mutual clients to help reduce most people's largest expense in retirement: taxes! You can also find him (along with past guest Benjamin Brandt) on his podcast The Retirement Tax Podcast. Want to ask Devin or John your question? Just visit h...2023-01-3031 minThe Retirement Tax PodcastAgain!?- What You Need To Know About The Newest Round Of Tax Law Changes, Ep. 33If there is one thing for certain, it is that change is here to stay in tax. Staying informed about the changes in compliance rules and updates to legislation is essential, but it is also, at times, exhausting. Luckily Steven and Ben have rounded up the latest tax law changes so that you can stay informed, remain a trusted source to clients and colleagues, and ensure you’re giving the best advice available. You can find all show notes for this episode at: https://bit.ly/3CFMLOh 2023-01-1522 min
The Retirement Tax PodcastBig Plans for 2023, Ep. 32Moving into a new year feels like a fresh start for many reasons, and it’s always a good time to reflect, assess, and plan. As 2022 transitions into 2023, Ben and Steven have been working on business planning and will share some of that in this episode. They’ll dive into the “why” that brought them together, how they plan to help their audience with the execution of tax planning in the future, and the vision they have for the coming year. You can find all show notes for this episode at: https://bit.ly/3G7KADY 2023-01-0418 minThe Retirement Tax PodcastWhat's That Tax Rate?, Ep. 31Capital gains tax rates have been the subject of multiple questions coming in lately, so today Steven and Ben will be sharing tips and insight to help clear up any confusion. From the seemingly tricky parts of selling stock to where people often slip up, you'll hear about the areas where you really need to pay attention and do some planning when it comes to capital gains. You can find all show notes for this episode at: https://bit.ly/3VR1Y6y 2022-12-1517 minThe Retirement Tax PodcastYear End Planning, Ep. 30Tax planning should be something that is looked at throughout the entire year. However, as the end of the year approaches, now is a particularly good time to review your finances and take advantage of any tax planning opportunities that may be available for you. So, in this episode, Benjamin and Steven will be sharing some tax tips to consider and answering your questions as we get closer to the end of 2021. Listen in as Benjamin explains how to approach your Roth conversions and the importance of being intentional with your spending and saving. You will learn...2022-12-0120 min
The Retirement Tax PodcastConverting My ENTIRE IRA to Roth the Same Year?!?!, Ep. 29There are a lot of things to think about as the year comes to a close—things that could make your taxes easier or more complicated. In today’s episode, Ben and Steven share their insight on how to get ready for the year-end when it comes to tax planning. You will hear about shadow taxes and other areas that will affect your end-of-year finances and tax decisions. Listen in as Steven and Ben discuss common mistakes they see people make and how to avoid those specific situations. You can find all show notes for this episode at...2022-11-1520 min
The Retirement Tax PodcastDo I Really Have to Think About Taxes Before April?, Ep. 28Thinking about taxes isn’t the most fun thing in the world, and most people like to put off all thoughts of it until February or later. In this episode, Steven and Ben weigh in on why they think it’s so important to do your tax planning before the end of the year. Listen in to get the scoop on how you can make the best decisions for your money and goals well before the new year. You can find all show notes for this episode at: https://bit.ly/3U06oHa 2022-11-0119 min
The Retirement Tax PodcastWhat's the 'Mega' in Mega Backdoor?, Ep. 27Have you been reading about the mega backdoor Roth in articles or seeing it gracing headlines frequently? In this episode, Ben and Steven will be sitting down to chat about what all the hubbub is about and where you should probably be looking when aiming to max out your contributions. They give simple, actionable ways you can contribute more and how to best contribute. You can find all show notes for this episode at: https://bit.ly/3fLDPhy2022-10-1519 min
The Retirement Tax PodcastGifting to Family and the Taxes that Come With It, Ep. 26Like anything in life, taxes are just one piece of the puzzle. So today, Ben and Steven will be talking about some things that are not directly tax related, tackling the topic of gifting to family and some of the numbers involved, as well as tax rules that may come into play. You will get a solid framework to help handle the logistics so you’re prepared if/when taxes come into it. You can find all show notes for this episode at: https://bit.ly/3DOiZrL2022-10-0119 min
The Retirement Tax PodcastTax Law Changes?, Ep. 25The Inflation Reduction Act has been passed—so are 87,000 IRS agents going to kick down our doors, steal our dogs, and take away our birthdays? Steven and Ben sit down to answer this question and—more importantly—they discuss what is actually in this act and what will be passing into law. You will hear why $80 billion is going to IRS enforcement, what else is in the bill, and what this all means for you. You can find all show notes for this episode at: https://bit.ly/3DlHSuN 2022-09-1521 min
Retirement Starts TodayThe Inflation Reduction Act - What it Means for RetireesI’m sure you have heard the news about the recent Inflation Reduction Act, but what will this Act mean to you as a retiree? We’ll explore this question by examining an article written by Kelly Anne Smith over at Forbes. If politics isn’t your thing, don’t worry, it’s not mine either. I scour the internet looking for the most neutral, least political articles that I can get my hands on. So, if you are interested in only the facts and how they apply to you, then don’t miss out on the retirement hea...2022-09-1215 minThe Retirement Tax PodcastHow Long Can the IRS Ask Me for That?, Ep. 24After one year of talking about taxes and how they relate to people's lives, Ben and Steven are celebrating today by sharing the important gift of knowing how to read paperwork from the IRS. Reading tax documents and deciphering what the heck they mean is a common frustration among taxpayers, so in this episode, the guys offer great tips on what to pay attention to, where to look, and what to look for. You can find all show notes for this episode at: https://bit.ly/3K2CePE2022-09-0121 minThe Retirement Tax PodcastThe HSA Tax Trifecta, Ep. 23Spending money on your health tends to be less than pleasant, but if we can get some tax savings from it, maybe we can save some money and find the silver lining. Many people ask about HSAs, so in this episode, Ben and Steven address the tax advantages of having an HSA and how to make the best use of one. You can find all show notes for this episode at: https://bit.ly/3PqtNPi 2022-08-1522 min
The Retirement Tax PodcastWhat Happens When The IRS Calls Me?, Ep. 22What do you do when you get a letter or a phone call from the IRS? Don’t panic. In this episode, Steven and Ben clarify some important things about IRS communications and responsibilities. You will walk away from this podcast knowing how to avoid scams, what to find clarity on when you get a letter, who to call for help, and more. You can find all show notes for this episode at: https://bit.ly/3okRDR92022-08-0123 min
The Retirement Tax PodcastWhy Is The Answer Always: 'It Depends'?, Ep. 21In this episode, Ben and Steven tackle some key questions that have come up while doing clients’ taxes. Many questions that come up are initially answered with, “It depends,” and they’ll unpack why that is and where to go from there. You will get insight into some specific situations, as well as the process used to make decisions that take your unique situation into mind. You can find all show notes for this episode at: https://bit.ly/3Rw3s4A 2022-07-1520 minRetirement Starts TodayFive Things to Keep in Mind During Bear MarketsNobody likes to experience the uncertainty that a bear market brings, but it’s an even more challenging experience to weather when you are a recent retiree. It’s easy to lose sight of your goals in a bear market which is why I found an article outlining some lessons that you can remember during a bear market. Listen to this episode to hear some wise words of wisdom that may help you keep your wits about you during this bear market. Stick around until the end to hear my thoughts on tax-loss harvesting. Outline of Th...2022-07-0418 min
The Retirement Tax PodcastMarket Downturns & Tax Silver Linings, Ep. 20What are the things we should be thinking about as the market turns downward? Ben and Steven take on this question from a tax perspective and share some of the most important things to be paying attention to. They also give us some great insight into the tax silver linings that make the downturn sting a bit less. You can find all show notes for this episode at: https://bit.ly/3OUW7cJ 2022-07-0123 min
The Retirement Tax PodcastDoes Anyone Understand What's On a Tax Return?, Ep. 19So you've gotten your tax return and gone through the stress and struggle of processing the paperwork, but now you have a bunch of numbers—and you may or may not know what they mean. This episode is all about understanding what’s on your tax return and how to use that information to create an effective plan for the next year and beyond. You can find all show notes for this episode at: https://bit.ly/39bYQ232022-06-1520 min
The Retirement Tax PodcastBut How Do My Taxes Get Paid in Retirement?, Ep. 18When you’re new to retirement, there are quite a few things that change. Multiple times this past tax season, there have been questions about paying taxes in retirement from clients who are moving into (or recently moved into) the retirement stage of life. Today, Ben and Steven share some of the most important things to remember in this transition, as well as how to plan ahead so you are setting yourself up for success. You can find all show notes for this episode at: https://bit.ly/3GkPblO2022-06-0117 min
The Retirement Tax PodcastWhat You Need To Know About RMDs, Ep. 17Required Minimum Distributions (RMDs) are extremely important to retirement tax because it helps dictate how much retirement tax we pay. Unfortunately, this is one of the easiest things to ignore so Ben and Steven will be sharing insight into how to navigate RMDs. They also discuss some of the changes that have been happening over the last couple of years and how they will affect your taxes. You can find all show notes for this episode at: https://bit.ly/3slVvE52022-05-1522 min
The Retirement Tax PodcastDo You Actually Have an Inherited IRA?, Ep. 16Inheriting an IRA is a situation that comes up with quite a few clients and, most likely, a situation that has or will happen to you. In this episode, Ben and Steven share some key insight into the complexities and must-know aspects of inheriting an IRA. They share the changes in how IRA inheritances work and highlight important ways that you can make it work out much more in your favor. You can find all show notes for this episode at: https://bit.ly/3OBuR3u2022-05-0117 min
The Retirement Tax PodcastTales from Tax Season, Ep. 15In today’s episode, Ben and Steven talk about real-life situations from tax season and lay out the most important points to take away from how they were navigated. You will hear about common questions that came up, as well as how the guys were able to educate clients and help them throughout tax season. You can find all show notes for this episode at: https://bit.ly/36YaZqq2022-04-1520 min
The Retirement Tax PodcastYou Filed Your Tax Return, Now What?, Ep. 14We’ve filed our tax return, so what do we do now with that brand new, shiny information? In this episode, Ben and Steven discuss how you can use the information from your tax returns to ensure better retirement outcomes. You will also hear about the first steps to take after filing your return, what to focus on moving forward, important things to know, and much more. You can find all show notes for this episode at: https://bit.ly/3qEIrsj2022-04-0120 min
The Retirement Tax PodcastWhat's That Tax Rate?, Ep. 13Capital gains tax rates have been the subject of multiple questions coming in lately, so today Steven and Ben will be sharing tips and insight to help clear up any confusion. From the seemingly tricky parts of selling stock to where people often slip up, you'll hear about the areas where you really need to pay attention and do some planning when it comes to capital gains. You can find all show notes for this episode at: https://bit.ly/374fu2g2022-03-1517 min
The Retirement Tax PodcastTaxes and Social Security, Ep. 12Every retiree will have to make some big decisions about Social Security. So today, Steven and Ben dive into some important information about Social Security, a benefit that has an impact on almost everybody. In this episode, you will learn about the taxability of Social Security, what kinds of important choices you can make in this area, and more. You can find all show notes for this episode at: https://bit.ly/3sdmwd82022-03-0121 minRetirement Starts Today8 Reasons to File Your 2021 Tax Return EarlyTax season is here. This yearly duty is something that a good portion of citizens put off until the last minute, with some even requesting an extension to file later. However, today I have 8 reasons for you to consider filing your taxes early. Listen in to discover why you might want to bite the bullet and file your tax return early this year. Outline of This Episode [1:12] 8 reasons to file your 2021 tax return early [4:18] Why you should try to get as small a refund as possible in retirement [8:09] Should Marion invest 25% of her portfolio in a...2022-02-2117 min
The Retirement Tax PodcastEpisode 11: Retirement Tax BracketsContrary to popular belief, the decisions made in retirement regarding taxes can get more complicated. Ben and Steven use this episode to chat about some of the important changes that may impact you in the future and share important insight into the world of post-retirement taxes—including key questions you should be asking in order to make it a bit easier. You can find all show notes for this episode at: https://bit.ly/3BeUcdh2022-02-1518 min
The Retirement Tax PodcastEpisode 10: IRS's Dirty DozenThere’s not much fun that comes with the IRS, but it’s pretty amusing to see the IRS put out something called The Dirty Dozen. In this episode, Ben and Steven talk about what this Dirty Dozen is and how it can help you avoid common scams and frauds. You’ll hear about what to keep in mind this tax season, as well as what to look out for. You can find all show notes for this episode at: https://bit.ly/3KvH87B2022-02-0120 min
The Retirement Tax PodcastEpisode 9: Getting Ready For Tax TimeIt’s mid-January, but we’re still a bit stuck in 2021 since taxes haven’t been filed yet. Today’s episode is all about how we can make sure to be ready for this upcoming tax-filing season. Ben and Steven go over some of the key ways to make sure you don’t miss anything important, as well as what you can do to make your tax filing go smoothly. You can find all show notes for this episode at: https://bit.ly/3JHwwCd2022-01-1522 min
The Retirement Tax PodcastEpisode 8: 2021 Is Over, But 2021 Tax Planning Isn'tApril 15th is not the only important date to keep in mind when it comes to taxes. Although the calendar year has come to an end, there are planning opportunities you can still take advantage of now that 2021 is over. So, today, Ben and Steven share what areas can be reached into and still have some influence on your tax consequence. You can find all show notes for this episode at: https://bit.ly/3GXwC6r2022-01-0121 min
The Retirement Tax PodcastEpisode 7: Tax Qualified Accounts - Let's Talk AcronymsThere’s only one group of people who love acronyms more than accountants: the military. In this episode, Steven and Ben will be talking about acronyms (not IN acronyms) when it comes to tax qualified accounts to give you a better understanding of them, how to differentiate between them, and how to decide which ones to use. You can find all show notes for this episode at: https://bit.ly/3rFlu9S 2021-12-1521 minThe Retirement Tax PodcastEpisode 6: Tax Efficient Ways to Support Your Favorite CharitiesIf you’re wondering how you or your loved ones can be more charitable and more tax efficient, then don't miss today’s show. Steven and Ben will be digging into this topic, outlining and explaining the various ways to give to your favorite charities in the most tax efficient way possible. You can find all show notes for this episode at: https://bit.ly/3r1EbV12021-12-0125 min
The Retirement Tax PodcastEpisode 5: What Are Tax Deductions Really Worth?For many people, the best part of tax season is getting large deductions to lower their taxes. Yes, tax deductions are important, as they decrease your taxable income based on specific spending. However, despite this being a common topic, it is also very commonly misunderstood. So, in this episode, Benjamin and Steven will be sharing which tax reductions are really worth your time and effort so that you can avoid wasting your resources on something that may not make a difference. You can find all show notes for this episode at: https://bit.ly/3EH3peP 2021-11-1524 min
The Retirement Tax PodcastEpisode 4: Year End PlanningTax planning should be something that is looked at throughout the entire year. However, as the end of the year approaches, now is a particularly good time to review your finances and take advantage of any tax planning opportunities that may be available for you. So, in this episode, Benjamin and Steven will be sharing some tax tips to consider and answering your questions as we get closer to the end of 2021. Listen in as Benjamin explains how to approach your Roth conversions and the importance of being intentional with your spending and saving. You will learn...2021-11-0120 minThe Retirement Tax PodcastEpisode 3: Getting a Refund Does Not Mean You've WonWhile we all have to pay taxes, there are various tax credits and deductions available that can help you maximize your tax refund and minimize the amount you pay. But does the perfect tax refund exist? In today’s episode, Benjamin and Steven will be discussing tax returns, focusing on tips to help you get your taxes where they should be while avoiding common missteps along the way. Listen in as they share the issues you can run into when you have paid too much on your taxes or you have received a much larger amount th...2021-10-1519 min
The Retirement Tax PodcastEpisode 2: All Things RothRoth IRAs were created to help the average working American save money. However, records show Peter Thiel and other ultra-rich investors have used them to grow their untaxed fortunes. Now don’t worry if you don’t have six billion dollars in your Roth IRA—most people presumably do not—but in this episode, Steven and Benjamin will be going over how someone can accumulate vast fortunes in a Roth IRA, as well as some tax lessons we can learn from this. Listen in as the guys explain the importance of working with a trusted advisor before considering a...2021-10-0120 min
The Retirement Tax PodcastEpisode 1: Tax-Free Income from Your HouseWelcome to The Retirement Tax Podcast, where hosts Steven Jarvis, CPA, and Benjamin Brandt, CFP, work together to bridge the gap between tax professionals, financial advisors, and their mutual clients to help reduce most people’s largest expense in retirement: taxes. Each week, they will dive into conversations around taxes, focusing on what you can truly control (instead of what you cannot) and how to set yourself up financially for your future. In this inaugural episode, Steven and Benjamin will be explaining how you can generate tax-free income by owning a house, as well as how to ma...2021-09-1521 min