The Big Picture Retirement Show does not provide tax, legal, or financial advice.

Listeners are encouraged to seek out their own advisors in these areas.

Hey, everyone, welcome to the Big Picture Retirement Show.

I'm your host, Devin, joined today by my co-host, John Ross.

Howdy.

John, taxes are something that you and I work with every day.

Every day.

In your line of work, it's critically important.

And in my line of work, retirement, financial planning, it's something that I see people don't pay enough attention to.

Right.

They're watching their investment returns.

Sure.

They're watching their investment expense. And they're often ignoring their taxes. Are you surprised by the

lack of tax knowledge of your fellow financial advisors? Floored. Because I generally would say the same thing about the estate planning lawyer

community. You have some that are very sophisticated tax knowledge. And what you'll see,

a lot of them, they went from being basically a tax attorney and that flowed into estate planning as part of that,

right? But so many attorneys that do wills and trusts and stuff like that, they've just no

virtually no concept of taxation. I certainly find that to be the case among those in my

industry as well, making recommendations that are just going to cost more in taxes. Yeah. And just

because people don't, the average citizen doesn't know. Right. And many of the professionals you rely on for guidance don't know.

I'll give you a good example. We've, we had an episode not long ago with Andy Panko,

where Andy talked about tax loss harvesting and tax gain harvesting. Right. You know,

...