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How do I reduce my taxes when I take money from my 401K or other retirement account?

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Manage episode 430648739 series 1791561
Content provided by Ralph V. Estep, Jr. and Ralph V. Estep. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ralph V. Estep, Jr. and Ralph V. Estep 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://player.fm/legal.

Feeling stressed about the taxes on your 401K withdrawals and their effect on your retirement? Listen to this episode of the Ask Ralph Podcast with Ralph Estep Jr. as he shares tips to lower taxes on your retirement withdrawals. How do I reduce my taxes when I take money from my 401K or other retirement account? with Ralph Estep Jr.

How Can I Lower My Taxes When Withdrawing from My 401K? with Ralph Estep Jr.

In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. answers a listener's question about minimizing taxes on 401K withdrawals. Ralph explores various strategies to keep more of your hard-earned money, such as understanding your tax bracket, considering Roth conversions, and exploring tax-advantaged withdrawal options. He also emphasizes the importance of consulting with a qualified financial advisor to develop a personalized plan. Tune in to gain practical financial advice and biblical wisdom for better managing your retirement savings.

00:00 Episode Overview

01:25 Listener Question

02:12 Understanding Your Tax Bracket

04:27 Roth Conversions

05:44 Tax-Advantaged Withdrawal Options

08:13 State Taxes Considerations

08:33 Final Thoughts

09:33 Outro

LISTEN NOW

WATCH NOW ON YOUTUBE (OUR VIDEO VERSION)

WATCH NOW ON RUMBLE (OUR VIDEO VERSION)

VISIT OUR ASK RALPH SHOW GEAR STORE FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES"

JOIN OUR FACEBOOK INSIDERS GROUP

Please share our Podcast with all your friends and family!

Submit your questions or ideas for future shows - email us at

ralph@askralph.com or leave a voicemail message on our podcast page

Leave A Voicemail Message

Like us on Facebook and follow us on Facebook at

https://www.facebook.com/askralphmedia Twitter (@askralphmedia) or visit www.askralphpodcast.com for more information.

To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to www.askralph.com for more information!

Buy Ralph's Book - Mastering Your Finances! on Amazon

Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journey on Amazon

  continue reading

482 episodes

Artwork
iconShare
 
Manage episode 430648739 series 1791561
Content provided by Ralph V. Estep, Jr. and Ralph V. Estep. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ralph V. Estep, Jr. and Ralph V. Estep 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://player.fm/legal.

Feeling stressed about the taxes on your 401K withdrawals and their effect on your retirement? Listen to this episode of the Ask Ralph Podcast with Ralph Estep Jr. as he shares tips to lower taxes on your retirement withdrawals. How do I reduce my taxes when I take money from my 401K or other retirement account? with Ralph Estep Jr.

How Can I Lower My Taxes When Withdrawing from My 401K? with Ralph Estep Jr.

In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. answers a listener's question about minimizing taxes on 401K withdrawals. Ralph explores various strategies to keep more of your hard-earned money, such as understanding your tax bracket, considering Roth conversions, and exploring tax-advantaged withdrawal options. He also emphasizes the importance of consulting with a qualified financial advisor to develop a personalized plan. Tune in to gain practical financial advice and biblical wisdom for better managing your retirement savings.

00:00 Episode Overview

01:25 Listener Question

02:12 Understanding Your Tax Bracket

04:27 Roth Conversions

05:44 Tax-Advantaged Withdrawal Options

08:13 State Taxes Considerations

08:33 Final Thoughts

09:33 Outro

LISTEN NOW

WATCH NOW ON YOUTUBE (OUR VIDEO VERSION)

WATCH NOW ON RUMBLE (OUR VIDEO VERSION)

VISIT OUR ASK RALPH SHOW GEAR STORE FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES"

JOIN OUR FACEBOOK INSIDERS GROUP

Please share our Podcast with all your friends and family!

Submit your questions or ideas for future shows - email us at

ralph@askralph.com or leave a voicemail message on our podcast page

Leave A Voicemail Message

Like us on Facebook and follow us on Facebook at

https://www.facebook.com/askralphmedia Twitter (@askralphmedia) or visit www.askralphpodcast.com for more information.

To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to www.askralph.com for more information!

Buy Ralph's Book - Mastering Your Finances! on Amazon

Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journey on Amazon

  continue reading

482 episodes

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