We tackle the often-overlooked issue of retirement tax liability and explore strategies to create tax-free income streams for a potentially more secure financial future.
• Understanding the "mortgage" on qualified plans (401(k)s, IRAs) where the IRS owns an unknown percentage of your savings
• The current "tax sale" has been extended but will eventually end with rates likely rising dramatically
• Strategic Roth IRA conversions can move money from tax-deferred to tax-free status during this window of opportunity
• "Super Roth" life insurance policies offer tax-free income, death benefits, and potential long-term care coverage
• Tax location matters as much as asset allocation - having the right balance of tax-free, tax-deferred, and taxable accounts
• The tax snowball effect in retirement impacts Social Security taxation, Medicare premiums, and available deductions
• Some retirees can achieve a 0% tax bracket by properly structuring their retirement income sources
Visit masterplanretire.com to access our retirement checklists, podcasts, and schedule a complimentary consultation. Call 770-980-9262 to speak with someone directly about your retirement planning needs.
Have a topic or question you'd like Mark and Evan to address in a future episode? Email us at info@masterplanretire.com or call 770-980-9262.
https://masterplanretire.com/
Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes
Listen to Mark Fricks on Saturdays at 12:00 p.m. on XTRA 106.3FM WFOM.
Sign up for one of our upcoming events at https://www.masterplanyourretirement.com/events
Purchase Mark's Book, The Road Less Traveled: Turning Your Retirement Worries Into an Excursion of a Lifetime on Amazon.com https://a.co/d/4fx94Al
Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.
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