Don’t Fear the 1040: It Might Just Help You Retire Sooner

Written By Michael Custer

Most people dread looking at their tax return, but what if it could be one of the most valuable tools for you or your financial planning team? In this video, we break down the 1040 step-by-step and show you how it could reveal hidden opportunities to potentially lower taxes, help you make smarter financial movs, all aimed at helping you keep more of you hard earned money!

We cover:

✅ Filing status and how it can affect your taxes

✅ Standard vs. itemized deductions and when they matter most

✅ Income types (W-2, interest, dividends, IRA withdrawals) and their different tax treatments

✅ Opportunities like Roth conversions, tax gain harvesting, and QCDs

✅ How reading your return could help you avoid paying more than you need to in taxes and spot potential changes you may want to consider

Michael Custer

Michael graduated from Hope College where he played Quarterback for the football team. Now, he focuses on tax strategies, helping W-2 employees and small business owners with implementing tax strategies, learning their choices with old work retirement plans, and Roth IRAs. He has a passion for building a relationship with his clients. Understanding why money matters to you is important to him. He firmly believes that finances can be a powerful tool for your life goals.

Michael is a CERTIFIED FINANCIAL PLANNER™ (CFP®) and also holds his Series 7, Series 66, Series 24. and SIE registrations with LPL Financial as well as his Life, Health, Property and Casualty insurance licenses.

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