As the end of November approaches, it’s a great time to take a closer look at your financial plans and make any necessary tweaks to prepare for the year ahead. That’s why this week, Jude and Marc are sharing some financial items that you should be thinking about as the year winds down. Whether it’s reviewing your retirement contributions, exploring tax-saving strategies like QCDs, or tax-loss harvesting, let's make sure you're finishing the year on a high note.

Here’s some of what we discuss in this episode:

0:00 – Intro

0:48 – The importance of tax loss harvesting

4:55 – Maximizing retirement contributions

8:23 – Optimizing tax brackets

10:29 – Charitable contributions and QCDs

12:41 – End of year savings and HSAs

16:02 – Bunching deductions

Get the "What Issues Should I Consider Before The End Of The Year?" Guide here:

https://drive.google.com/file/d/1-uGZpXb4KdavKB2JEjolQot5xYIdZ7EM/view?usp=sharing

Connect:

Website: https://centrusfs.com/podcast/

Call: 800-779-4592

Schedule your complimentary review with Jude: https://calendly.com/centruscalendar-/30min

Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/

We talk about the ticking tax time bomb a lot on this show regarding the national deficit. It’s a reality we are faced with, and while it sounds scary, there are action steps that you can take to minimize the impact of potential future tax increases on you.

In this episode, Jude and Marc explore how tax efficiency funnels can be utilized to optimize your financial strategy and mitigate the risks associated with these rising taxes. Jude breaks down the three tax funnels- the pre-tax funnel, the post-tax funnel, and the tax-advantaged funnel- and discusses the benefits and drawbacks of each.

With the Tax Cut and Jobs Act set to expire in 2025, the window for taking advantage of current low tax rates may be closing. It’s important to strategize now and prepare for the potential changes ahead.

Here’s some of what we discuss in this episode:

0:00 – Intro

5:06 – The pre-tax funnel

7:05 – The post-tax funnel

8:37 – The tax-advantaged funnel

9:01 – Real-world example

13:24 – Potential expiry of the Tax Cut and Jobs Act

15:17 – Action steps you can take

Connect:

Website: https://centrusfs.com/podcast/

Call: 800-779-4592

Schedule your complimentary review with Jude: https://calendly.com/centruscalendar-/30min

Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/

We’re thrilled to be back with former U.S. Comptroller General David Walker for today’s show. With decades of experience serving under both Republican and Democratic administrations, Walker is here to share his expert insights on America's fiscal health.

Last episode, we focused on the U.S. national debt, fiscal responsibility, and the challenges posed by excessive government spending. Today, we’re covering some strategies that you can take to help protect yourself from potential economic challenges. Listen in as we talk about the importance of personal financial responsibility, including being debt-free, diversifying income streams, and planning for the long-term. We also discuss the critical role of leadership in addressing the national debt crisis.

Here’s some of what we discuss in this episode:

0:00 – Intro

0:41 – What David learned on his bus tour

2:28 – What we can do + what David wants to see from government leadership

7:28 – Looking at your finances holistically

10:19 – David’s thoughts on recent Fed rate cuts

17:37 – Wrap up

More about David:

https://dbb.defense.gov/Board-Members/Board-Members-Bio-view/Article/3160065/

America in 2040:

https://americain2040.com/

Get your free copy of David’s new book: America in 2024 (while supplies last)

Text 941-269-2499

David’s Books:

America in 2024: Still A Superpower? A Pathway to Success

https://www.amazon.com/America-2040-Superpower-Pathway-Success/dp/1665500824

Comeback America: Turning the Country Around and Restoring Fiscal Responsibility

https://www.amazon.com/Comeback-America-Turning-Restoring-Responsibility/dp/0812980727

David on X

https://x.com/davidmwalker7

The Tax Bomb

https://thetaxbomb.com/

Connect:

Website: https://centrusfs.com/podcast/

Call: 800-779-4592

Schedule your complimentary review with Jude: https://calendly.com/centruscalendar-/30min

Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/