MWA Ep. 11: Important Tax Planning Numbers for 2024

Limits, Contributions, Deductions – Do you know the critical updates for each for tax planning in 2024?

Join Matt Nelson, CFP® & Jacob LaRue, CFP® in the latest episode of the MedTech Wealth Advisor Podcast. Together they share insights for professionals and entrepreneurs, providing essential tax planning strategies and contribution limits to set you up for success this year.

Key Highlights:

• 2024 Contribution Limits
  • Discover updated limits for 401(k)s and HSAs, explained for different age groups
• Optimal Contribution Strategy
  • Learn how to strategically prioritize contributions to maximize benefits
• Comprehensive 401(k) Limits
  • Gain insights into the total contribution limits, encompassing all sources
• Pre-Tax vs. Roth Contributions
  • Understand the combined contribution limits for different 401(k) types
• Tax Bracket Tactics
  • Explore how to utilize tax brackets for efficient contribution strategies
• Income Phase-Outs
  • Learn how rising income affects eligibility for savings plans
• Social Security and Medicare Planning
  • Get strategies for managing benefits and premiums based on income and age
• Capital Gains and Deductions
  • Master tactics for high earners to optimize taxes and deductions
• And much more!

Resources for Tax Planning in 2024:

• Blog Post: Key Retirement Plan Contribution Limits for 2024
• Do you have a topic you’d like to learn more about on this podcast? Send us an email at [email protected] to let us know. We look forward to hearing from you! 

Listen Now!

Apple Podcasts → https://bit.ly/3GGW1Da

Spotify → https://bit.ly/3TofDDW

About Matthew Nelson

Matt has over 20 years of experience in the financial services industry. He is passionate about helping MedTech professionals maximize their benefits, reduce their taxes, and plan for financial freedom. As the Founder, Managing Partner, and Senior Financial Advisor at Perspective 6 Group, he leads a team of dedicated professionals. The team provides comprehensive and personalized financial planning and investment management services to our clients.

As a CERTIFIED FINANCIAL PLANNER™ (CFP®), Accredited Investment Fiduciary® (AIF®), and Equity Compensation Associate (ECA) Matt specializes in helping our clients navigate the complex and evolving landscape of equity compensation, financial independence, portfolio management, and income tax minimization. Further, he leverages his experience as a private equity investor at Focus Financial Network, Inc., to offer strategic insights and guidance on business succession, valuation, and exit planning. Matt’s mission is to empower our clients to achieve their financial and personal goals with confidence and clarity.