The Hidden Risks of Retirement: What Most People Don’t Plan For
From unexpected long-term care costs to hidden taxes and running out of money, this report breaks down the retirement threats that not everybody sees coming. […]
Tag: taxes
Avoiding A Retirement Tax Time Bomb
The wrong savings strategy today could lead to massive tax bills later. Listen in and learn how to avoid paying more taxes on your retirement accounts than necessary […]
Mailbag: Should I Delay My Retirement Plans Due to the Election?
Mailbag episodes are one of our favorite ways to answer your questions! This week, one listener asks if, due to concerns about rising taxes in the future, all their retirement savings should be directed into a Roth account. Another listener asks if they should extend their working career due to the uncertainty caused by the upcoming election. […]
Mailbag: Are Year-End Charitable Donations Still Tax-Beneficial?
In this week’s mailbag episode, Dan asks whether the changes in tax laws in recent years have affected the tax benefits of his charitable donations. Amy asks if her approach of not rushing to pay off debt, utilizing a Home Equity Line for major expenses, and prioritizing retirement savings is advisable. Listen in as Barbara and Phil tackle these questions (and a few more) in today’s show! […]
Mailbag: What To Know About Inheriting An IRA
We will be answering mailbag questions that came in on today’s show. We will be discussing if it’s wise to do Roth conversions, what to know about inheriting an IRA, and how your tax picture changes in retirement. […]
Making Smart Decisions During Major Life Events
Let’s explore some of the things you should be thinking about to make smart financial decisions when you encounter some of the most significant events in your life. […]
Most Common Retirement Planning Questions About Taxes
As we approach the end of the year, saving money on taxes becomes a bigger focus for many people. But let’s broaden the scope out for this particular episode and focus on some of the most common retirement planning questions about taxes. We’ll talk about mistakes to avoid and how a proper plan can make a significant difference in someone’s tax savings. […]
Mailbag: Is A Tax-Free Retirement Too Good To Be True?
We open up the mailbag on today’s show to answer some of your questions. Some topics we cover today will be combining old 401(k) accounts, leaving an inheritance to children, and more. […]
Are You Flirting With Financial Disaster?
Let’s talk about some of the areas of your financial life where you might be flirtin’ with disaster and don’t even know it. […]
Tax Tips for 2021
As you get ready to file 2020 taxes and look ahead to the rest of this year’s tax implications, let’s cover some of the changes you need to be aware of and answer some important tax questions. […]