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#124 - The basics of taxes and tax planning in retirement
MP3•Episoder hjem
Manage episode 448887822 series 3305727
Innhold levert av Andy Panko. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Andy Panko eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Andy talks about the basics of what to know regarding taxes and tax planning in retirement. Topics discussed include:
- What sources of income are taxable vs non-taxable
- Required Minimum Distributions ("RMDs") from both your own accounts and inherited accounts
- How to pay taxes in retirement: withholdings vs making estimated payments
- Gifting tax-efficiently
- Making charitable donations tax-efficiently
- Overview of common long-term tax planning strategies:
- Delaying Social Security and distributing from pre-tax accounts in the interim
- Roth conversions
- Tax loss and tax gain harvesting
- Asset "location" of which investments to hold in which account types
To send Andy questions to be addressed on future Q&A episodes, email [email protected]
Links in this episode:
- The Rock Retirement Club - here
- My company newsletter - Retirement Planning Insights
- Facebook group - Retirement Planning Education (formerly Taxes in Retirement)
- YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)
- Retirement Planning Education website - www.RetirementPlanningEducation.com
141 episoder
MP3•Episoder hjem
Manage episode 448887822 series 3305727
Innhold levert av Andy Panko. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Andy Panko eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Andy talks about the basics of what to know regarding taxes and tax planning in retirement. Topics discussed include:
- What sources of income are taxable vs non-taxable
- Required Minimum Distributions ("RMDs") from both your own accounts and inherited accounts
- How to pay taxes in retirement: withholdings vs making estimated payments
- Gifting tax-efficiently
- Making charitable donations tax-efficiently
- Overview of common long-term tax planning strategies:
- Delaying Social Security and distributing from pre-tax accounts in the interim
- Roth conversions
- Tax loss and tax gain harvesting
- Asset "location" of which investments to hold in which account types
To send Andy questions to be addressed on future Q&A episodes, email [email protected]
Links in this episode:
- The Rock Retirement Club - here
- My company newsletter - Retirement Planning Insights
- Facebook group - Retirement Planning Education (formerly Taxes in Retirement)
- YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)
- Retirement Planning Education website - www.RetirementPlanningEducation.com
141 episoder
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