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The Three Don’ts: Overpay Your Taxes (Ep. 60)

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Manage episode 364788152 series 2935354
Content provided by J. Barry Watts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by J. Barry Watts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Do you think taxes are going up or down over the course of your retirement?

After surveying thousands of people, we found that overpaying in taxes is one of the greatest concerns among those preparing for retirement.

In this part two of a three-part series called The Three Don’ts Of Retirement, J. Barry Watts explores ways to reduce your total tax bill throughout your retirement, especially with the current income tax rates expected to rise in the future.

Barry discusses:

  • The problem with IRAs and 401(k)s and their impact on retirement savings
  • Why required minimum distributions (RMDs) are like a ticking tax time bomb strapped to your retirement
  • How to take advantage of tax-free accounts
  • Latest changes in tax rates and brackets
  • And more

Resources:

Connect With Barry Watts:

The post The Three Don’ts: Overpay Your Taxes (Ep. 60) appeared first on Wealthcare.

  continue reading

69 episodes

Artwork
iconShare
 
Manage episode 364788152 series 2935354
Content provided by J. Barry Watts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by J. Barry Watts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Do you think taxes are going up or down over the course of your retirement?

After surveying thousands of people, we found that overpaying in taxes is one of the greatest concerns among those preparing for retirement.

In this part two of a three-part series called The Three Don’ts Of Retirement, J. Barry Watts explores ways to reduce your total tax bill throughout your retirement, especially with the current income tax rates expected to rise in the future.

Barry discusses:

  • The problem with IRAs and 401(k)s and their impact on retirement savings
  • Why required minimum distributions (RMDs) are like a ticking tax time bomb strapped to your retirement
  • How to take advantage of tax-free accounts
  • Latest changes in tax rates and brackets
  • And more

Resources:

Connect With Barry Watts:

The post The Three Don’ts: Overpay Your Taxes (Ep. 60) appeared first on Wealthcare.

  continue reading

69 episodes

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