Taxes may be inevitable, but overpaying them isn’t. In this episode of Financial Perspectives, Senior Lead Advisor Marcus Iwig and Senior Associate Advisor Isabel McMillen join Director of Communications Gretchen Muller to break down the year-end tax planning strategies that could help you keep more of what you’ve earned — and the hidden pitfalls that can turn a good idea into a costly surprise.
0:51 — Opportunities & pitfalls: Is your income abnormally high or low?
4:40 — Roth conversions & unintended consequences
8:21 — IRMAA: How this year’s income affects Medicare premiums
9:43 — Backdoor Roth conversions for high-income earners
11:56 — Tax strategies for big income years (business sales, bonuses)
