Childfree Life by Design
Childfree Life by Design is the podcast for Childfree people ready to forge their own bold paths with intention.
Your hosts, experts in life planning and financial management, have signed your permission slip to think differently about your life, and bring you clear, practical guidance to make your plans a reality.
Each episode breaks down the lifestyle choices, financial decisions, and long-term planning considerations Childfree adults like you need to shake off our culture's outdated assumptions and expectations.
Whether you're refining your financial plan, redefining what family means to you, or reexamining your values, this is your source for the inspiration and tools to finally ditch the Standard LifeScript and write your own.
DISCLOSURE: This podcast is for educational and entertainment purposes. Please consult your advisors before implementing any ideas heard on this podcast. For more information and disclosures, visit https://childfreewealth.com
Childfree Life by Design
What does a CFP® professional learn? Pt. 4 Taxes
🎙️ Hey, Childfree Wealth listeners! In this episode, we're diving into the intriguing world of tax planning 📊. Dr. Jay and Bri talk us through some of the essentials of income tax law fundamentals, income tax calculations, tax characteristics of entities, and more. From understanding gross income to the nuances of capital gains, we've got you covered! 💼
We also explore some unique aspects of tax planning, and discuss strategies that can save you thousands, if not millions, over time 💰. With the Tax Cut and Jobs Act sunsetting in 2025, now is the time to plan smartly! Our experts share valuable insights on passive income, charitable contributions, tax implications of changing circumstances, and much more 🤓.
Whether you're managing a small business or planning for long-term financial health, this episode is packed with actionable advice and professional tips. Remember, tax planning isn't just about saving money now but ensuring you're set for the future 🏦.
🔍 Key Takeaways:
- Income vs. capital gains and their tax implications
- Above the line deductions and adjusted gross income
- Specific scenarios like day trading and passive activity income
- Importance of timely and efficient tax planning
Tune in to get the full scoop and make sure you're making the best decisions for your financial well-being! 📈
#TaxPlanning #CFP #CPA #Accounting #IncomeTax #CapitalGains #TaxDeductions #FinancialPlanning #TaxStrategies #SmallBusiness #PassiveIncome #CharitableGiving #Childfree #Childless #PermanentlyChildless #DINK #DINKs #SINK #SINKs #ChildfreeWealth
About Childfree Life by Design:
Childfree Life By Design is dedicated to helping Childfree individuals thrive by providing resources, guidance, and community. We recognize that when you've made a decision roughly 75% of the population doesn't make, conventional wisdom simply doesn't apply to you. Our mission is to help you design a life that works for you, covering everything from finances and relationships to career decisions and building support networks that will actually be there when you need them.
Connect with Us:
Ready to design your ideal Childfree life? Connect with our financial planning team at childfreewealth.com or learn more about estate planning at childfreetrust.com
Join the conversation on social media:
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LinkedIn: https://www.linkedin.com/company/childfreeinsights
YouTube: https://www.youtube.com/@ChildfreeInsights
Disclaimer: This podcast is for educational & entertainment purposes. Please consult your advisor before implementing any ideas heard on this podcast...
