The Impact of Required Minimum Distributions on Tax Brackets
Manage episode 425508387 series 3561355
George Fossing and Travis Smith discuss tax planning for the future and the importance of mitigating tax liabilities. They highlight the potential impact of required minimum distributions (RMDs) on retirement accounts and the misconception that retirees will always be in a lower tax bracket. They emphasize the need for tax efficiency strategies, such as Roth conversions and charitable donations, to minimize tax burdens. The conversation also touches on the value of tax planning for business owners and individuals preparing to exit their businesses.
Ready to connect with George and begin building your retirement plan? Visit NorthStar to get started today!
See omnystudio.com/listener for privacy information.
202 episodes