CPA Jason Toole joins Southern Character for a practical, story driven conversation about tax planning, retirement strategy, Roth conversions, multi state returns, kid income rules, and how to think about taxes at every stage of life.

Jason is a partner at Kelly Salmons Toole & Ellison with more than twenty seven years of experience helping families, entrepreneurs, and closely held businesses navigate complex tax issues. He breaks down the real differences between traditional and Roth 401k contributions, how backdoor Roth IRAs actually work, when to consider Roth conversions in low income years, and why so many retirees in the South pay little or no state income tax.

We also talk about Jason's roots in Albany, his path to becoming a CPA, raising three daughters, and why Mexico Beach and the Forgotten Coast became his family's happy place.

👉 Read the full feature on Retire Southern
https://www.retiresouthern.com/retiresouthernpodcast/jason-toole

Topics Covered:
• When kids need to file tax returns
• Self employment tax for teen income
• Roth IRAs for minors
• Traditional vs Roth 401k decisions
• Backdoor Roth rules
• Secure Act 2.0 changes
• Roth conversions during low income years
• State tax friendliness in the South
• Florida, Texas and Tennessee tax benefits
• Georgia retirement income exclusions
• Life on Florida's Forgotten Coast

Southern Character is produced by Retire Southern. Our mission is simple: do not wait for retirement to start living.

This information is provided to you as a resource for informational purposes only and is not to be viewed as specific recommendations. This information is being presented without consideration of the financial circumstances of any individual and might not be suitable for everyone. This information is not intended to, and should not, form a primary basis for any decision that you make. Always consult your own legal, tax, or investment advisor before making any financial planning considerations or decisions. The views and opinions expressed are for educational purposes only as of the date of production and may change without notice at any time based on numerous factors.