From The Retirement Nerds.

CPA and tax expert Daniel Astleford shares a simple story of a retiree who got spooked by the news and decided to pull all retirement investments. This triggered a steep and expensive tax bill for this individual who used the money and didn’t share what they had done with their advisors. When the tax man came calling, they didn’t have enough to cover their tax liabilities.

Daniel Astleford is a Certified Public Accountant (CPA) and runs his own accounting firm.

HERE IS WHERE TO FIND DANIEL:
Website: https://danielthecpa.com/
LinkedIn: https://www.linkedin.com/in/daniel-astleford/

He explains:
▫️Why listening to the wrong people can cost you thousands
▫️Basic tax planning tips
▫️How a tax professional can plan and help you keep more of your money
▫️What working with a tax professional looks like.

⏱ Timestamps:

00:00 Intro
02:04 Building a Team Around You
03:52 The Big Retirement Mistake
06:38 The Tax Consequences
11:36 It Could Have Been Reversed
12:52 Silent Destruction of Finances
15:40 Strategy 1: 3-Year Plan
19:06 Strategy 2: 4-Year Plan
21:32 When a CPA Makes Sense
27:34 Where to Get Help

The Retirement Nerds:
⬜️ Join The Retirement Nerds circle here – https://theretirementnerds.com/
⬜️ Join the Monthly Retirement Nerds Newsletter here – https://theretirementnerds.com/newsletter/

Disclosure:
This podcast is intended for informational purposes only, and is not a substitute for personal advice from Daniel. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast.