Tax Strategies for 60 and above

In this episode, Bonnie Yam delves into financial strategies and benefits tailored for seniors. The discussion opens with an overview of tax strategies, deductions, and benefits specifically designed for the senior demographic. Bonnie then provides insights into health insurance options and Medicaid considerations, crucial for senior healthcare planning. The episode also covers the essentials of Required Minimum Distributions (RMDs) and the potential for charitable gifting, offering ways to optimize retirement assets. Additionally, listeners learn about utilizing 529 plans to support their grandchildren's education. The episode concludes with closing remarks and a reminder to subscribe for more insightful content.