We're coming up on the end of the year.

So let's see if I can save you some money

on your tax bill this year.

If you haven't been thinking about it this year,

you might be caught saying, what am I going to do?

And today I'm going to try to help you solve that problem.

Good morning, my name is Joshua Sheets, and this is the Radical Personal Finance Podcast for

today, Wednesday, December 17, 2014.

And today, let's dig into some tax planning ideas. As I mentioned on a previous show, this is the time of year that if you pay any attention to the financial websites or if you pay attention to your financial section in your newspaper. financial

website or if you pay attention to your financial section in your newspaper or if you look at your Facebook news feed or whatever you're likely to get some articles showing up that are going to be essentially end of the year tax planning ideas.

And that's good.

They're useful and that's what this show today that I'm creating for you is about.

But the challenge with doing this kind of planning at the end of the year is that it's way too late.

It's way too late to start talking about what you're going to actually do for 2014.

Good tax planning, frankly, you should be working on good tax planning for 2015 right now and getting started with that.

Now I know it's that's nice to say in theory and in practice it's a completely different world but that is really important that you do

it in advance good planning in advance is always going to be more effective than

last minute planning but doesn't mean that last minute planning. But doesn't mean that last minute planning isn't

helpful. I do want to keep this in context and that's why I started with the previous show

where I didn't focus on you know how to save taxes but rather I just focused

on what the back you know on on end of the year goal planning and so that previous

show that if you haven't listened to it go back and listen to episode 116 which was the show

...