EP66: Tips, Taxes & Thoughtful Plans

Welcome to another episode of the Roadmap to Retirement Podcast! I'm joined once again by Matthew Jarvis. In this episode, we dive into the complexities of retirement planning, with a particular emphasis on tax strategies. We shed light on recent changes in tax laws, such as the increase in the state and local tax (SALT) cap from $10,000 to $40,000, and new provisions for charitable contributions. We also discuss the importance of proactive tax planning to avoid unexpected tax bills in retirement. Additionally, we touch on intriguing topics like the financial impacts of gambling and the essential role of meaningful activities post-retirement. For younger listeners aiming for early retirement, we recommend exploring resources like Tim Ferris's 'Four-Hour Work Week' and the 'Mr. Money Mustache' blog. Whether you're close to retirement or just starting to plan, this episode is packed with valuable advice to help you build a secure and enjoyable future.