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Year-End Tax Planning Strategies: Understanding Tax Harvesting and Health Savings Accounts

About this Episode

In this engaging episode of “The Planning Mindset Podcast,” we delve into our series on year-end tax planning. Joining us is financial expert Rick Plum, a Certified Financial Planner™ with the Lucia Capital Group, who will share his knowledge on effective tax strategies.

Our discussion will first explore the concept of tax harvesting, a strategic approach to turning investment losses into potential tax benefits. Rick will explain this technique in a clear and accessible manner, helping listeners understand its importance in tax planning.

Additionally, we’ll address a common area of confusion: the differences between Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Rick will clearly explain these differences and demonstrate how these accounts can be leveraged for tax savings and as integral parts of a retirement strategy.

This episode is a must-listen for anyone looking to gain practical advice and effective strategies for their year-end tax planning. Don’t miss out on today’s episode of “The Planning Mindset Podcast” for valuable insights and guidance towards a more tax-efficient future.

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances.

Different types of investments and/or investment strategies involve varying levels of risk, and there can be no assurance that any specific investment or investment strategy will be profitable for a client’s or prospective client’s portfolio, thus, investments may result in a loss of principal.

Jeanine Beratta and Rick Plum are registered representatives with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the names Nexus Financial and Lucia Capital Group, separate entities from LPL Financial. LPL ART-507269 (11/23)

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