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How to Reduce Taxes in Retirement (Smart Income Planning Strategies) | Part 1
Episode 3420th May 2022 • Ditch The Suits: Financial Planning Insights Without The Sales Pitch • Travis Maus
00:00:00 00:24:56

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How much of your retirement income will actually go to taxes and what can you do about it?

In this episode of Ditch the Suits, we kick off a new series on retirement income planning by focusing on one of the most overlooked risks: taxes.

We break down how taxes impact your retirement income, why they should be treated as a liability on your balance sheet, and how to avoid “kicking the tax can down the road” without a strategy.

What You’ll Learn:

• Why taxes are a major factor in retirement income planning

• How to think about taxes as a long-term liability

• The difference between IRAs and Roth accounts and why it matters

• How capital gains and withdrawals impact your tax situation

• Common mistakes that lead to unnecessary tax burdens

• Strategies to reduce taxes and keep more of your income

Who This Is For:

Individuals and couples approaching retirement who want to better understand how taxes will impact their income and how to plan for it.

Key Takeaway:

Retirement isn’t just about generating income; it’s about keeping it. Without a tax strategy, you could end up giving more to the IRS than necessary.

Learn More:

If you’re looking for a financial plan built around your life, not just your numbers; visit: https://www.seedpg.com

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