Welcome to the Jill on Money Podcast. It is Saturday the 12th of December. We are so

glad you've joined us because today, today we get our year-ender with one of my friends, great guest,

Financial Advisor, certified financial planner, CPA, he doesn't do taxes anymore, the president and founder of Wealth Stream Advisors, Michael

Goodman.

In the first part of our interview today, we are going to talk about all the things that are very specific to this wacky, strange dumpster

fire of a year 2020, Roth conversions, quarterly payments, the tax implications of remote work, all those things we're going to cover.

If you have a question or something comes up for you after you listen to this, please send us an

email. Let's Ask Jill at Jill on Money.

Here is the interview, year-ender with Michael Goodman.

Where should we start when we think about year- moves to improve our financial conditions.

Yeah, well, it's definitely been an interesting year.

There's been a lot of challenges, no doubt.

I think the first thing you want to think about is get out of that

rhythm or mentality of same as last year. This is a year where it's really important to

take stock and review and see what's been different this year for you in order to potentially put yourself in a better financial situation going forward.

So for a lot of people, they may have had a bump down in their income and maybe one part of a couple loss some income and so the their total taxable

income could be lower this year. So let's start with if you have lower income in 2020, are there some planning moves that

you can make right now to take advantage of that?

I think the first thing you want to do is that potential Roth. of that

potential Roth conversion. If you have IRA assets,

this might be a really good year to convert those IRA assets to a Roth IRA.

That amount of money that you convert will become taxable in 2020,

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