In this episode, Ben and Brent discuss some of the possible economic implications of the election along with common year-end best tax optimization practices. As we approach the end of the year and the start of 2025, one thing becomes clear: change is on the horizon. Like viewing a hurricane from the shoreline, it’s tough to gauge the strength of its winds and the endurance of the force, but we know it is coming.

Download Our 2024 Year End Checklist - https://drive.google.com/file/d/1LoVkEDMscu6Lo-u91u-NxVh2cYdeQdKL/view?usp=sharing

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About your Hosts

Ben Jones

Managing Director, National Wealth Management Group

www.nwmgadvisors.com

Author, www.karastick.com

@thekaratstick

https://www.linkedin.com/in/ben-nwmg/

Follow Ben's Financial Newsletter 'Karat Stick' - https://www.karatstick.com/

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Brent Gargano, CFPⓇ

Founder & Advisor, Infinite Wealth Planning

www.infinitewealthplanning.com

linkedin.com/in/brent-gargano-cfp®-2067b573

Read Brent's latest blog post, 'Election Update: What To Expect For Investments,' and follow his newsletter for more content --> https://infinitewealthplanning.net/election-update-what-to-expect-for-investments/

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Follow our socials to support the podcast; see extra clips and announcements!

Instagram: https://www.instagram.com/moneyalchemistpod/

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Editor

Trevor Gargano

Financial Advisor Marketer

Trevor@nwmgadvisors.com

https://www.linkedin.com/in/trevor-gargano-72727b67/

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Disclosure

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Please consult with a qualified legal professional to find out if any of the strategies discussed are right for you. Neither Ben or Brent are licensed attorneys and cannot provide legal advice.

Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

As we approach the end of the year and the season of generosity, it is appropriate to address the topic of gifting. Gifting money and assets is not as straightforward as it may seem. Assuming you will receive a tax deduction for charitable contributions is often incorrect and can result in a reduced charitable contribution than otherwise intended.

Also, there’s no hard and fast rule that you must give to 501(c)(3) organizations. Sometimes effective giving means looking beyond the tax savings so see how you can effect the most good for the people around you. Join Ben and Brent as they delve into this subject and we hope you glean a thing or two from the conversation.

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About your Hosts

Ben Jones

Managing Director, National Wealth Management Group

www.nwmgadvisors.com

Author, www.karastick.com

@thekaratstick

https://www.linkedin.com/in/ben-nwmg/

__

Brent Gargano, CFPⓇ

Founder & Advisor, Infinite Wealth Planning

www.infinitewealthplanning.com

linkedin.com/in/brent-gargano-cfp®-2067b573

______

Follow our socials to support the podcast; see extra clips and announcements!

Instagram: https://www.instagram.com/moneyalchemistpod/

X: https://twitter.com/moneyalchpod

Facebook: https://www.facebook.com/profile.php?id=61556458987483

______

Editor

Trevor Gargano

Trevor@nwmgadvisors.com

https://www.linkedin.com/in/trevor-gargano-72727b67/

______

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.

What is your default setting when confronted with the prospect of saving more? Do you immediately think about how you can cut expenses or do you think about different ways to increase your income? There is a limit to how much you can reduce your expenses, especially if you have dependents. Your ability to earn, on the other hand, is open ended. There are realistic limits, of course, but many never reach their true income potential. Join Ben and Brent as they discuss some different ways you can do this.

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About your Hosts

Ben Jones

Managing Director, National Wealth Management Group

www.nwmgadvisors.com

Author, www.karastick.com

@thekaratstick

https://www.linkedin.com/in/ben-nwmg/

__

Brent Gargano, CFPⓇ

Founder & Advisor, Infinite Wealth Planning

www.infinitewealthplanning.com

linkedin.com/in/brent-gargano-cfp®-2067b573

______

Follow our socials to support the podcast; see extra clips and announcements!

Instagram: https://www.instagram.com/moneyalchemistpod/

X: https://twitter.com/moneyalchpod

Facebook: https://www.facebook.com/profile.php?id=61556458987483

______

Editor

Trevor Gargano

Trevor@nwmgadvisors.com

https://www.linkedin.com/in/trevor-gargano-72727b67/

______

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Securities offered through LPL Financial, Member FINRA & SIPC.. Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.