In this episode of The Ascent, Alec Walker (EVP of Financial Planning at Crestmont Private Wealth) covers two main areas as tax season approaches: last-minute tax filing tips and post-tax planning strategies. He discusses IRA contribution deadlines, introduces the new Trump Account (a tax-advantaged savings account for children under 18), walks through how Crestmont uses completed tax returns to build forward-looking tax plans, and touches on recent market volatility tied to geopolitical events.

 

0:00     Intro – Alec Walker introduces himself; March Madness banter

0:47     Pre-Tax Filing Reminders – Overview of today's two-part structure

1:31     IRA Contribution Deadlines – Roth, Traditional, and SEP IRA deadlines; income limitations; 401(k) considerations

2:36     Trump Account Overview – What it is, how it works, contributions, and distribution rules

3:39     Trump Account vs. Other Options – Comparison with Roth IRAs for minors, 529 plans, and custodial accounts (UTMA/UGMA)

5:19     $1,000 Seed Contribution – Eligibility for children born 2025–2028; IRS Form 4547; thetrumpaccounts.gov

6:24     Post-Tax Planning – Importing tax returns, using technology to generate planning reports

7:12     Tax Planning Philosophy – Clarity and education over "loopholes"; adjusting strategies year to year

7:48     Key Metrics & Safe Harbor – AGI, deductions, withholding review, estimated tax payments

8:56     Capital Gains & Loss Carryforwards – Opportunities for diversifying concentrated positions

9:21     Medicare Premium Planning – How income affects Part B & D premiums; Roth conversions

10:00  Charitable Contribution Changes – Donor-advised fund rule changes; enhanced senior deduction; new $2,000 charitable deduction for standard deduction filers

11:22  Tax Planning Year-Round – Ongoing planning from May through year-end

12:01  Market Volatility Update – Geopolitical impacts, historical recovery timelines, importance of sticking to the financial plan

13:26  Outro – Contact info and sign-off

In this episode of The Ascent, Alec Walker (EVP of Financial Planning at Crestmont Private Wealth) covers two main areas as tax season approaches: last-minute tax filing tips and post-tax planning strategies. He discusses IRA contribution deadlines, introduces the new Trump Account (a tax-advantaged savings account for children under 18), walks through how Crestmont uses completed tax returns to build forward-looking tax plans, and touches on recent market volatility tied to geopolitical events.
&nbsp;
0:00&nbsp;&nbsp;&nbsp;&nbsp; Intro &ndash; Alec Walker introduces himself; March Madness banter
0:47&nbsp;&nbsp;&nbsp;&nbsp; Pre-Tax Filing Reminders &ndash; Overview of today's two-part structure
1:31&nbsp;&nbsp;&nbsp;&nbsp; IRA Contribution Deadlines &ndash; Roth, Traditional, and SEP IRA deadlines; income limitations; 401(k) considerations
2:36&nbsp;&nbsp;&nbsp;&nbsp; Trump Account Overview &ndash; What it is, how it works, contributions, and distribution rules
3:39&nbsp;&nbsp;&nbsp;&nbsp; Trump Account vs. Other Options &ndash; Comparison with Roth IRAs for minors, 529 plans, and custodial accounts (UTMA/UGMA)
5:19&nbsp;&nbsp;&nbsp;&nbsp; $1,000 Seed Contribution &ndash; Eligibility for children born 2025&ndash;2028; IRS Form 4547; thetrumpaccounts.gov
6:24&nbsp;&nbsp;&nbsp;&nbsp; Post-Tax Planning &ndash; Importing tax returns, using technology to generate planning reports
7:12&nbsp;&nbsp;&nbsp;&nbsp; Tax Planning Philosophy &ndash; Clarity and education over "loopholes"; adjusting strategies year to year
7:48&nbsp;&nbsp;&nbsp;&nbsp; Key Metrics &amp; Safe Harbor &ndash; AGI, deductions, withholding review, estimated tax payments
8:56&nbsp;&nbsp;&nbsp;&nbsp; Capital Gains &amp; Loss Carryforwards &ndash; Opportunities for diversifying concentrated positions
9:21&nbsp;&nbsp;&nbsp;&nbsp; Medicare Premium Planning &ndash; How income affects Part B &amp; D premiums; Roth conversions
10:00&nbsp; Charitable Contribution Changes &ndash; Donor-advised fund rule changes; enhanced senior deduction; new $2,000 charitable deduction for standard deduction filers
11:22&nbsp; Tax Planning Year-Round &ndash; Ongoing planning from May through year-end
12:01&nbsp; Market Volatility Update &ndash; Geopolitical impacts, historical recovery timelines, importance of sticking to the financial plan
13:26&nbsp; Outro &ndash; Contact info and sign-off

Host:  Sam McGee, MBA, CFA

Founder/Owner of Crestmont Private Wealth.
604 S. Main St. Boerne TX 78006
(830) 368-2898
www.crestmontpw.com

Host:  Sam McGee, MBA, CFA
Founder/Owner of Crestmont Private Wealth.
<ul>
<li><a href="https://www.google.com/maps?q=604%20S.%20Main%20St.,%20Boerne,%20TX,%2078006">604 S. Main St. Boerne TX 78006</a></li>
<li><a href="tel:8303682898">(830) 368-2898</a></li>
<li><a href="http://crestmontpw.com/">www.crestmontpw.com</a></li>
</ul>

The Ascent With Crestmont Private Wealth

The Ascent with Crestmont Private Wealth 

Host: Sam McGee

Houston Office: I Riverway, Suite 470 Houston, Texas 77056

(832) 280-5288

Boerne Office: 604 South Main Boerne, Texas 78006

Office (830) 368-2898

About Sam McGee

CHIEF EXECUTIVE OFFICER & CHIEF INVESTMENT OFFICER

Sam McGee is the founder and owner of Crestmont Private Wealth. As CEO, he believes that to lead well you must have a servant heart. His day-to-day role with Crestmont is to lead and learn from a group of talented professionals who have high character qualities and initiative. His vision is to steer a mission led company that changes lives through financial stewardship, engagement with clients, and fiduciary style education.

Sam has 26 years in the financial industry and is a Chartered Financial Analyst. The CFA Program is a rigorous three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, wealth planning, with an emphasis on ethics and quantitative analysis.

Sam is passionate about volunteering his time to the community. He founded the Texas Hill Country Mustang Club (501c7), is a board member for Hill Country Family Services, was appointed by the Texas Governor to the Texas Board of Professional Geoscientists, is a volunteer firefighter with the Boerne Fire Department, a trained SkyWarn Weather Spotter, and a Boerne Little League head coach, and involved with many charitable causes.

When asked what is most important to him, he said “Faith, Family, Community, & Friendships”

The Ascent with Crestmont Private Wealth 
Host: Sam McGee
Houston Office: I Riverway, Suite 470 Houston, Texas 77056
(832) 280-5288
Boerne Office: 604 South Main Boerne, Texas 78006
Office (830) 368-2898
About Sam McGee
CHIEF EXECUTIVE OFFICER &amp; CHIEF INVESTMENT OFFICER
Sam McGee is the founder and owner of Crestmont Private Wealth. As CEO, he believes that to lead well you must have a servant heart. His day-to-day role with Crestmont is to lead and learn from a group of talented professionals who have high character qualities and initiative. His vision is to steer a mission led company that changes lives through financial stewardship, engagement with clients, and fiduciary style education.
Sam has 26 years in the financial industry and is a Chartered Financial Analyst. The CFA Program is a rigorous three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, wealth planning, with an emphasis on ethics and quantitative analysis.
Sam is passionate about volunteering his time to the community. He founded the Texas Hill Country Mustang Club (501c7), is a board member for Hill Country Family Services, was appointed by the Texas Governor to the Texas Board of Professional Geoscientists, is a volunteer firefighter with the Boerne Fire Department, a trained SkyWarn Weather Spotter, and a Boerne Little League head coach, and involved with many charitable causes.
When asked what is most important to him, he said “Faith, Family, Community, &amp; Friendships”