Pre-Retirement Tax Planning: Things to Know to Save Big in Retirement

Ready For Retirement

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1M ago 21:51

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Retirement tax planning should begin well before retirement. Listener Jodie, with over $2 million in assets in various types of accounts, is concerned about the high tax bracket she anticipates she be in in retirement. Is there a tax strategy that would put her in a lower tax bracket?
James explores some often-overlooked tax strategies that can save retirees thousands in retirement, especially for those like Jodie with diverse portfolios.
Questions answered:
How could my home be part of my tax strategy?
How can understanding different income sources and account types can help minimize tax burdens in retirement?
Timestamps:
0:00 - Jody’s question
3:54 - The home
7:06 - Inflation and tax thresholds
11:04 - Cash flow vs taxable income
15:07 - Withdrawal strategy
19:30 - Summary

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Chapters

1. Retirement Tax Planning and Strategies (00:00:00)

2. Home Equity and Tax Planning (00:04:07)

3. Retirement Taxable Income Strategies (00:11:49)

229 episodes

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