Bowman Financial Strategies, LLC

People wonder why tax planning is so important. Just take a look at the amount of debt the US government has accrued and what options they have to pay that down. #taxes #taxplanning Find out how we help people become tax efficient in our latest video: https://lnkd.in/g8FfgxqR

People talk all the time about tax efficiency in retirement, but what does that truly mean and why does it matter? It's much more than a buzzword; it's a vital strategy for preserving more of your money in retirement. In our latest video, we explain why tax efficiency matters, the risks of not being tax efficient, and strategies for becoming tax efficient. Check it out now!

When we talk to people about the benefits of a rollover IRA, we often point to this tax requirement that the IRS mandates on 401K withdrawals. If you can become more tax-efficient with your money in retirement, we want to take steps now to make that happen. #taxplanning #rolloverira #401k

Are you nearing retirement or thinking about changing jobs? One of the most common questions people face is what to do with their 401(k). Should you keep it where it is, or roll it over into an IRA? In this video, we're going to discuss the reasons you might want to roll over your old 401k today. Watch it now!

With the headlines telling us Social Security is running out of money, it's important to understand how the program is funded. Here are the two components that make up Social Security. Want a deeper breakdown? Check out this video: https://lnkd.in/dKAKaWTj

Our latest podcast! https://lnkd.in/gyxvFwzb

One of the most common questions we get is about Social Security and whether it's going to run out. If you only read headlines, it seems to be a valid concern. But what's the reality of the situation and how does it impact you when it's time to file for Social Security? In this episode, Erik dives deep into the mechanics and projections of Social Security, providing listeners with a comprehensive understanding of its current state and future outlook. Watch the video here: https://lnkd.in/dKAKaWTj

The IRS has changed the rules for inherited IRAs, requiring non-spouse beneficiaries to fully distribute the account within 10 years. This accelerated timeline means more money must be withdrawn faster, potentially pushing recipients into higher tax brackets. #IRAs #IRS #Taxes Watch our full show here: https://lnkd.in/gK8Rmsb8

Recent rule changes have made it more crucial than ever to understand the tax implications and distribution timelines associated with inherited IRAs. Listen in as Erik and Ben break down the latest IRS rule changes affecting inherited IRAs, including the newly condensed 10-year distribution timeline. If you have inherited an IRA or plan to leave one, you don't want to miss today's conversation. Watch the latest episode of Uncommon Cents here: https://lnkd.in/g-4CjBrt

When evaluating an investment strategy, one of the key questions to ask your advisor is, "What are the risks of this recommendation that we haven't discussed yet?" A good advisor should already be transparent about the pros and cons of any strategy, but if they haven't, this question will ensure you get a complete picture. #financialplanning #financialeducation #investing