End of Year Tax Planning Tips | 3 Strategies for High Income Individuals

High-income individuals typically build high net worths. Their assets usually include property values, investment accounts, stocks, and other investment vehicles. Every investment decision has tax implications that may be reduced with efficient tax strategies.
Tax Specialist, Sarah Rentschler, explains 3 tax planning tips:
00:37 - Tax Loss Harvesting (What it is and How to)
01:21 - ROTH Conversions (How they help)
02:22 - Qualified Charitable Distributions (Reduce tax burden)
03:04 - RMDs (Explained)
03:28 - FAQ: Do I need to make my IRA or ROTH contribution by Dec. 31st?
03:58 - Looking ahead to 2024. (How can a financial advisor help me with taxes?)
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