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CPA Michael Hunt explains the importance of your relationship with your Tax advisor.
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CPA Michael Hunt explains the importance of your relationship with your Tax advisor.
GC360 Season 3 Episode 6
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In this comprehensive episode, financial advisor Michael Hunt shares insights from his journey as a CPA turned financial advisor. With a focus on personalized financial strategies, he navigates the complexities of tax implications for various accounts and plans.
The conversation spans the taxation of checking accounts, the benefits of retirement plans, and the tax-free nature of Roth accounts. Hunt emphasizes the significance of the Section 199A deduction for small business owners and introduces the New York Secure Choice Savings Plan.
The pandemic's legislative impact is explored, including the postponed required minimum distribution (RMD) age and changes in inheritance tax regulations. Throughout, Hunt stresses the importance of engaging with knowledgeable tax professionals and building relationships for effective financial planning.
"Everyone wants tax-free income"
"You don't want to do something you cannot undo"
"The government wants to incentivize individuals to sock away as much money as they can"
ABOUT MICHAEL HUNT
Website : https://www.huntcpapc.com
#podcast #gc360 #nyc #finance #podcastaddict #accounting
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