S8, Episode 25 - Tax Planning in the 4 Stages of Retirement

Retirement planning is an extremely important part of any financial plan. Your retirement accounts will likely make up a large portion of your wealth, so you want to make sure that they're set up in the best possible way.

Today, we'll take a look at why retirement tax planning is so critical, and how it affects you and your family's financial future. In addition, I will tackle some of the most common mistakes made by people in their early years of retirement, and how to avoid them!

In this episode, you will discover…

• A comparison of Roth IRAs and Traditional IRAs
• Determine the cost of your retirement
• Strategy on which asset to tap first
• Understanding taxes and retirement
• Social security earning limit
• What is the IRMAA cliff?
• Learn about Medicare's unique rules and penalties
• How and when to use Taxable, Tax-Deferred, and Tax-Rate Assets

Resources Mentioned in this Podcast:

Contact Dave for a free 30mins strategy session: ‪(612) 284-2409

Email: assistant@daviddenniston.com

For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com

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