Do your kids know what to do with an inheritance or will the IRS take the lead? Have you planned for what your spouse’s income will look like after you’re gone? Retirement planning doesn’t stop with your personal goals, it extends to the people you love. In this episode, Tyler and Toni explore how retirement decisions affect your spouse, your kids, and the legacy you leave behind. They break down why filing status changes can lead to unexpected tax bills and ways to plan ahead so your loved ones aren’t left scrambling.
You'll also hear about the major changes to IRA inheritance rules, why today's tax-deferred accounts can create tomorrow’s tax headaches, and how to use proactive strategies to help minimize taxes and optimize your legacy. If your plan doesn't account for survivorship, tax implications, and wealth transfer, this episode may be your wake-up call to take action before it’s too late.
Here’s what we discuss in today’s show:
🧾 What the “spousal tax trap” means and ways to avoid it
💔 How losing a Social Security check impacts retirement income
📉 Why your surviving spouse could face a bigger tax bill
🏡 The most loving legacy move: disinherit the IRS
📚 Education, planning, and conversations that prepare your whole family
Key Takeaway
"If you’re not doing tax strategies today, you’re just making the IRS another beneficiary—and a big one."
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!