Year-End Tax Planning Tips, and Avoiding Taxes on Required Minimum Distributions
On this week’s Hanson McClain’s Money Matters, Scott and Pat provide year-end tips that can assist with tax planning, they help a caller wanting to know how to use home equity effectively, and they talk about interesting ways to avoid taxes on required minimum distributions.
Scott and Pat take a call from a woman who inherited property from her deceased parents and wants to know if the property tax will be reassessed. A couple who has significant credit card debt, wants to know what they should do to help manage their debt. A caller wants to know how she can defer the taxes she will pay when she sells her duplex. A husband and wife want to know what their investment strategy should be if they have a large amount of retirement savings that they don’t need to use. Lastly, Scott and Pat welcome HMA’s, Barbara Healy, an advisor with the company for over 13 years, who shares a story about tax planning.
If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can submit a question at firstname.lastname@example.org at any time to be featured on a future show.
Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.
It is Free