In this episode, the hosts discuss the complexities of retirement planning, focusing on the often-overlooked tax implications that retirees face. They explore how Social Security benefits can be taxed, the impact of required minimum distributions (RMDs), and the hidden costs associated with inheritance. The conversation also covers strategies for maintaining a steady income in retirement, including the importance of tax diversification and the potential benefits of working longer. Listener questions provide practical insights into managing finances during retirement, emphasizing the need for careful planning and communication with family members regarding estate distribution.
Reach out to John and Sara at 800-326-5688 or https://www.exactwealthmanagement.com/
See omnystudio.com/listener for privacy information.
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