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Secrets to Minimizing Taxes on Your Retirement Income (Ep. 17)
Manage episode 486867722 series 3669773
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Why are taxes one of the biggest retirement expenses, and how can you minimize them?
Join Ryan and Tyson Thacker for an episode of Retirement Solutions The Podcast as they discuss how taxes can take a huge bite out of your retirement savings and share strategies to help avoid it. Discover how you often have more control over taxes in retirement than any other time in life.
Ryan and Tyson delve into:
- (02:54) Common misconceptions about retirement tax
- (06:10) The true cost of tax-deferred savings vehicles, like 401(k)s
- (15:22) Strategies for minimizing taxes through Roth conversions and life insurance
- (18:34) Changes in tax brackets and how they affect your retirement taxes
- (27:11) The benefits of advanced tax planning strategies for retirees
- And more!
Tune in and explore how smart tax strategies can save you a substantial amount and keep more of your hard-earned savings in your pocket.
Resources:
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- Text BLUEPRINT to (435) 500-0665
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