Taxes are the Worst

It’s tax season! In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden dive into the horror and torture of filing your annual tax returns. We may not be accountants, but we can certainly commiserate.

In this episode we discuss:

• Some basics of taxation, including where your tax money goes and why it feels so challenging to tackle the filing process.
• A few ways to reduce your taxable income AND increase your savings through workplace retirement plans and things like Health Savings Accounts.
• Suggestions on how to stay organized to ease the process a bit.
• Encouragement to outsource tax planning to professionals if/when you feel overwhelmed.

Often paying your taxes is not too terrible, but the process of completing and filing your return can cause anxiety and fear. Our tax system is complicated, and it is not uncommon to feel like you’ve missed something. It may be worth a little money to offload that worry and concern. Listen to the full episode to hear more.

For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.