Last Minute Tax Tips That Could Save You Thousands (with CPA Bob Wheeler)

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.2 • 1.9K Ratings

🗓️ 5 April 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ready to hit "send' on your taxes? Before you do, Bob Wheeler from the Money You Should Ask podcast, and a working CPA, joins us to dive into what YOU can do to maybe lower your tax liability. We'll cover frequent mistakes, what to do if you can't pay, and how to negotiate with the IRS. In today's headline, we dive into a 44-year-old's advice on how to build up enough "F.U." money to retire early, and the potential rewards and dangers of early retirement. And, on the Haven Lifeline, we answer a question from our Facebook group "The Basement" about how safe your IRA is if the custodial institution goes under. FULL SHOW NOTES: https://stackingbenjamins.com/bob-wheeler-1339 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at StackingBenjamins.com/201. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Did you know that Discover is more than a credit card with Discover's online savings account?
0:04.4	You can earn five times more interest than the national savings average. Five times.
0:09.0	There's no monthly fees, no minimum deposit, no monthly balance requirements.
0:12.8	It's FDIC insured up to the maximum allowed by law. Learn more at Discover.com and start saving
0:18.8	with confidence today. Discover Bank member FDIC.
0:23.7	Okay, right here. It says right here in this account we have $401,000.
0:29.6	Checkpot. Nope. That says you have a 401K account. If you liquidate that right now,
0:36.0	you'll have, you know, maybe $5,000.
0:40.3	So what happened to the other $396,000?
0:44.5	What is wrong with the two of you?
0:52.3	Live from Joe's mom's basement. It's the stacking Benjamin show.
1:00.3	I'm Joe's mom's neighbor Doug and if you're like me and like to wait until the very last minute
1:11.6	to do anything, you're gonna love today's guest. He's our last minute tax help pro Bob Wheeler.
1:19.5	In our headline segment, we'll share lessons from a fortune story about a 44-year-old who
1:25.6	retired early. What can we learn? Maybe a bunch. Plus, we'll throw out the Haven lifeline to a lucky
1:32.0	stacker and then I'll share some sky high trivia. And now, two guys who like to live life on the
1:38.8	edge. It's Joe and oh, j-j-j-j-j-j-j-j.
1:50.0	Hey there, stackers and Doug, you're not sky high right now, are you?
1:54.2	Not as far as, you know, today the urine test. Oh, it's the trivia. The company urine test.
2:00.8	Mom comes down. We all gotta shamefully take the thing to the restroom. Hey everybody,
2:06.8	welcome to the note. Wasn't me podcast. I'm Joe Salcihi. I have Joe Money on Twitter.
2:11.4	Welcome to Wednesday and the guy who brings Wednesday seven days a week. Mr. O.G is here. How are you, man?
	...

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