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Welcome to the BiggerPockets Money Podcast!
With 2024 right around the corner, it’s time for a final year-end tax planning push! There are all kinds of ways to pay less to the IRS, and today’s guest is here to help you save as much money as possible!
Welcome back to the BiggerPockets Money podcast! Today’s episode features Sean Mullaney, a certified public accountant and financial planner, who will deliver a thorough breakdown of everything you should be doing to lower your tax burden for not only 2023 but also over your entire lifetime.
Sean shares how most tax moves fall into one of three “buckets”—moves that should be handled urgently, by year-end, or in early 2024. Whether you’re rushing to tie up loose ends in 2023 or looking to maximize retirement savings, Sean offers a variety of helpful tax tips for those in different phases of life.
Interview with Sean Mullaney
Scott Trench interviews Sean Mullaney about year-end tax planning and strategies to minimize lifetime tax burden. Mindy is unable to join due to illness, but Scott and Sean dive into how to strategically plan for taxes at different stages of life.
Sean’s advice focuses on opportunities to reduce total lifetime tax by leveraging retirement tax savings. He explains how a progressive tax system and different phases of life offer various planning opportunities, such as maximizing traditional 401(k) contributions during high-earning years and performing tax-advantage Roth conversions during early retirement.
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