Ep #212 - 5 Year End Financial Moves to Consider

Grow Money Business with Grant Bledsoe

Since 2023 is coming to an end, we’ve dedicated this week’s episode of Grow Money Business to discussing five year-end financial moves you should consider making. Join us as we talk about gifting both to charity and beneficiaries, cash distributions from businesses, Roth conversions, and harvesting tax losses and gains.

[05.00] Charity – Grant starts off the conversation by discussing charitable gifts.

[06.37] Donor-advised fund – Grant explains the details of a donor-advised fund.

[12.00] Tax professional – Grant shares the importance of collaborating with your tax professional at the end of the year.

[17.00] Roth conversions – Grant explains why it might be a good idea to convert your assets into a Roth IRA account.

[26.04] The wash sale rule – Grant review the details of the wash sale rule.

[29.18] Tax gains – Grant shares some important year-end information on tax gains.

Resources

How To Use the 0% Tax Rate on Capital Gains

thebalancemoney.com/how-to-use-the-zero-percent-tax-rate-on-capital-gains-2388995

Donor-advised Funds

irs.gov/charities-non-profits/charitable-organizations/donor-advised-funds

fidelity.com/learning-center/wealth-management-insights/gift-and-estate-tax-changes