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Texas-Size Appetites & Tax-Savvy Retirement
Manage episode 407501207 series 3561333
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Hear Steve and Derek dive into an irresistible discussion about Texas-sized appetites, Girl Scout cookies, and how food and savings strategies go hand in hand. Discover how they reminisce about local favorites like Whataburger, Taco Villa, and their love for jalapeno biscuits, and you'll quickly understand the true meaning of enjoying the best things in life.
But it's not all foodie talk. Steve and Derrick pivot to a more serious topic: taxes. They highlight the importance of tax planning in retirement, especially in light of possible future tax increases. Did you know taxes are on sale through 2026? Steve explains how the Trump tax package has influenced effective tax rates and why it's crucial to have a tax-efficient retirement plan.
The conversation takes a practical turn as they discuss tax-advantaged strategies like contributing to IRAs, beyond maxing out your 401(k). Discover how you can enhance your retirement and financial security by exploring different options to optimize your tax situation.
If you're concerned about how higher taxes might impact your retirement income and looking for ways to be proactive about managing your taxes effectively, this episode is packed with insights and advice to get you started. And if you're looking for a financial advisor who truly understands the importance of tax planning, you're in the right place!
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