Hosted by: Laura Hawley Special guest: Dana Hurley

Host
Laura Hawley – CFP®, President at Allen & Company

Co-Host
Dana Hurley – Financial Advisor at Allen & Company

Guest
John Stancil – CPA® at John Stancil

In this episode, we discuss how the new Tax Bill will impact Tax Filings for 2018, changes that come with Tax Reform, how to reduce your Tax Bill, and much more having to do with the 2018 Tax Reform Act. We will also visit with special guest John Stancil, CPA to discuss the changes and how it affects the Tax Payer.

John Stancil is not affiliated with LPL Financial or Allen & Company LLC

The opinions voiced in this show are for general information only and are not intended to provide specific advice or recommendations for any individual. There is no assurance that the techniques and strategies discussed are suitable for all individuals or will yield positive outcomes. To determine which strategies may be appropriate for you, consult with your attorney, accountant, and financial advisor or tax advisor prior to making a decision.

The Roth IRA offers tax deferral on any earnings in the account. Withdrawals from the account may be tax free, as long as they are considered qualified. Limitations and restrictions may apply. Withdrawals prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change.

Investing involves risk including loss of principal.

In this episode we cover:

• Economic Compass (1:39)
• Welcome special guest John Stancil, CPA to discuss key 2018 Tax elements (6:41)
• Tax changes that will impact Families, child care and much more (12:36)
• Things you can do to save on your Taxes (17:43)
• Ways to offset Gains in 2018 (22:43)
• Charitable Deductions and how it works with the new Tax Laws (27:53)

Links From the Show:

• Allen & Company
• Dow Jones
• Florida Southern College
• John Stancil
• Nasdaq
• S & P 500

Tweetable Topics:

What is it that I need, not what can I get. – Laura Hawley, CFP®, President at Allen & Company

You cannot start early enough when it comes to retirement planning. – Laura Hawley, CFP®, President at Allen & Company

What is your risk tolerance? – Dana Hurley, Financial Advisor at Allen & Company

How much equity exposure do you need to reach your long-term goals? – Dana Hurley, Financial Advisor at Allen & Company

In an IRA all of your gains are tax deferred until you take them out. – Dana Hurley, Financial Advisor at Allen & Company

Connect with:

Laura Hawley – CFP®, President at Allen & Company
Allen & Company – Laura Hawley

Dana Hurley – Financial Advisor at Allen & Company
Allen & Company – Dana Hurley
LinkedIn – Dana Hurley