9 Year-End Tax Planning Tips

While year-end may be fast approaching, there’s still time to do some tax-planning. Here are 9 tax planning tips to save money in 2023.
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Timestamps
0:00 - 9 Year-End Tax Planning Tips
0:22 - 1. Maximize retirement contributions
1:34 - 2. Tax-loss harvesting
1:55 - 3. Don’t forget your RMDs
2:29 - 4. Max-out your HSA
3:24 - 5. “Bunch” itemized deductions
3:47 - 6. Get charitable: DAFs & QCDs
4:47 - 7. Make Roth conversions
5:21 - 8. Plan for Social Security
6:05 - 9. Update your estate plan
6:30 - Small moves, big payoffs
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-- About Patrick King CFP® --
Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, and many others build their wealth, retire sooner, and create a legacy. Patrick enjoys yoga, mountain biking, golf, travel photography, and Clemson football.
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[@archiegeorge3969]

Good reminders.

[@user-qr2vj6zc6s]

My plan is to use both Roth and traditional plans to the maximum allowable contribution and in retirement draw a steady amount from the traditional accounts as needed and the Roth accounts for the irregular needs like buying cars (and paying cash).
I would appreciate your thoughts on this plan.

[@luislin]

you are handsome