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Trying “tax bunching” to get better tax results for next year

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SC Public Radio
Mike Switzer, host of the South Carolina Business Review

So you’ve finished your taxes and found that you had to send the IRS a check when you weren’t expecting to. Our next guest says that before the end of this year, there may be a strategy you can put into place that could lower that possibility. Mike Switzer interviews Brian Blackwelder, a certified financial planner with Anchor Investment Management in Columbia, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.