Earning a high income doesn’t automatically translate to lasting wealth. The real challenge is how to transform those peak earning years into a retirement filled with stability and freedom.
In this episode, Josh Leonard shares three practical strategies to reduce taxes now and build wealth for the long term. From maxing out tax-advantaged accounts to using charitable giving vehicles and understanding capital gains planning, Josh explains how intentional decisions today can lead to a more tax-efficient retirement tomorrow.
Key takeaways:
- The importance of converting “rich” (high income) into true wealth
- Maxing out 401(k), IRA, Roth, and HSA contributions to take advantage of tax benefits
- How donor-advised funds can amplify charitable giving while reducing taxes
- Using deferred compensation and capital gains strategies for long-term efficiency
- Why proactive retirement planning makes the transition smoother and more intentional
- And more!
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