Tuesdays With Morey - Tax Tips®

In this episode, Morey and Macarena stress the importance of financial planning and preparing for your retirement. Morey shares a real life example of a 70-year-old family member who was talked into using his IRA to purchase a piece of property. The family member did not consult with Morey until after the deed was done and now wonders if his decision was a good one. Morey and Macarena stress the importance of vetting anyone who wants some of your money, and always contact Glazer Financial before making any financial or tax-related plans.   Key Takeaways: [0:49] Planning to plan is important. Here is an example of someone who didn’t. [4:35] Before investing your retirement plan into real estate, check with your financial advisor! [6:12] Make sure you have a monthly income when you retire. [7:17] Real estate is a gamble just like every other investment. [9:20] It is imperative you file your tax returns even if you don’t owe any tax. [12:57] Glazer Financial examines 2 years of past tax returns at no charge. [13