Josh and Jay revisit their “B.O.S.S. Series”, an acronym that stood for “Business Owner Strategies & Solutions”, where they discuss key topics that mature business owners can use to potentially reduce taxes, plan for the future of their business and how to reward and retain key employees.
This week, Josh has a CPA on the show to discuss taxes! We asked this CPA, Sam to come up with 3 tax topics that seem to be top of mind for you mature business owners.
One of the most common questions we get from clients is what should they do with their 401k, specifically the question “What should I do with my 401k when I retire?”. And more often than not the 401k accounts are probably the largest retirement assets a client has. So what I want to do today is answer this question, and probably just as important, answer what NOT to do.
Regular listeners know that I tend to be skeptical of a lot of things related to my own industry, financial services, including a lot financial advertisements and glossy marketing content masquerading as responsible financial advice, as Michelle knows firsthand, I get very, very irritated when I hear someone in my line of work espouse a bunch of info that is nothing more than lies. And in times of market turbulence, this type of misinformation gets shouted from the roof tops. So with that in mind, we’re going to play a little game of “Just Stop It”, kind of like true or false, except, everything Michelle is going to say is false, and I’m going to try to smack some sense into those of you listening that are considering these financial tactics.
Special guest John Luke Tyner of Aptus Capital Advisors joins Josh Null for an EMERGENCY broadcast to discuss the recent tariffs announced by President Trump and their immediate effects on the stock market.
The question we’re going to tackle today is both a timely one and a timeless one: how concerned should investors be with investing their money into tax-deferred accounts or products, versus what are the pros and cons of investing in after tax accounts? Should investors be leaning fully into what is technically called qualified retirement accounts, or is this a good time to look at beefing up their after-tax accounts, or, maybe even considering a Roth conversion? Our financial services industry has historical operated under the assumption that tax rates are going to go up in the future, but my question to you Jay is…are we so sure? I seem to recall some recent chatter about abolishing income taxes totally, right? Today we hope to both explain the different options available to investors and give our educated opinion on how to maximize the impact of them.