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/
Phone: 205.988.0006
Schedule a Call: https://askfreedomfinancial.com/contact/?utm_source=Hero
Attend a Course: https://askfreedomfinancial.com/attend-an-event/?utm_source=Hero
Watch the Podcast on YouTube: https://www.youtube.com/playlist?list=PLEcHKcOSu6_m7cG9adV8xHTXLtH5g9M9t
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