Nick Hopwood, CFP® recently appeared on The Steve Gruber Show, offering practical advice on year-end tax planning. He emphasized the importance of taking advantage of Roth conversions, maxing out 401(k) contributions, and utilizing Health Savings Accounts (HSAs) to minimize taxes and boost savings.
Nick also highlighted the general inflationary pressures impacting everyday expenses, including rising homeowners insurance premiums. He encouraged listeners to review their current rates and make adjustments before the new year to ensure savings. For small business owners, Nick recommended setting up a 401(k) to take full advantage of retirement savings opportunities.
His tips served as timely reminders to take action before year-end to optimize financial outcomes.
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