Delaying billing 2022 side-gig income until 2023, maximizing end-of-year pre-tax retirement plan contributions, and selling stocks at a loss to offset capital gains are just a few of many steps you can take right now to reduce your 2022 taxable income. Terry, Pam and Richard discuss these and other strategies and IRS changes that may lower tax bills for many Americans in 2023.
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The Friends Talk Money podcasts talk about why many of us aren't bestowing inheritances to heirs the right way and not helping our parents make inheritances properly. We also talk about how financial advisers could be more helpful to families so they handle inheritances wisely.
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Social Security is clawing back $21 billion in mistaken overpayments — impacting retirees and the disabled. Terry Savage and Larry Kotlikoff have written a new book — Social Security Horror Stories — revealing the shocking abuse. Last weekend they were featured on CBS - Sixty Minutes speaking with Anderson Cooper about this issue. In this episode, Larry joins Terry, Pam and Richard to take a deeper dive into problem and what you should do to ensure you get what’s rightfully yours.
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