In this episode of The Teacher Money Show, I sit down with financial planner and tax expert Sean Mullaney to break down smart tax planning strategies for teachers. Whether you’re focused on maximizing your retirement accounts, exploring the benefits of an HSA, or building a side hustle, Sean shares practical, actionable tips to help you make the most of your money next tax season.
Explore the show notes at:
https://www.teachermoneyshow.com/show82
Become a guest on the show:
https://www.teachermoneyshow.com/guest
Leave a voicemail question:
https://www.speakpipe.com/teachermoneyshow
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We cover how tax planning has evolved in recent years, especially with the rise of the standard deduction, and what that means for educators trying to lower their tax bill and build long-term wealth.
💡 Topics We Cover:
-How the shift to the standard deduction impacts your tax strategy
-Traditional vs. Roth contributions: what teachers need to consider
-The "compelling three" approach: traditional 403b/401k, Roth IRA, and taxable brokerage
-Hidden power of HSAs (Health Savings Accounts) and how to use them for tax-free retirement income
-Side hustle tax tips: how to use SEP IRAs and Solo 401ks for additional savings
-Real estate investing: what counts as passive income and how to use depreciation
-When it’s time to bring in a tax professional
🎯 Whether you're a veteran educator or new to the classroom, this episode will help you create a tax-efficient strategy that aligns with your goals—without getting overwhelmed by the complexity of the tax code.
🔔 Don’t forget to like, subscribe, and share with a fellow teacher who needs to hear this!
🎙️ Subscribe to The Teacher Money Show wherever you get your podcasts.
#TeacherFinance #TaxPlanning #FinancialLiteracy #403b #RothIRA #SideHustleTips #HSATaxBenefits #Solo401k #TeacherMoneyShow #SeanMullaney #RetirementPlanning
The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Shaun and the Teacher Money Show podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services.
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