Mar 19, 2021
For years, the conventional wisdom has been to grow your assets tax-deferred while you work, then pay taxes on that money when you’ve entered a lower tax bracket.
Unfortunately, that wisdom has gone out the window. Why? It’s simple: America’s massive unfunded liabilities in Social Security, Medicare, Medicaid, and the interest on the national debt. Taxes are all but guaranteed to go up in the years to come, and this makes having a real tax strategy - and not just a tax plan - more important than ever before.
In this episode, we discuss strategies for people nearing retirement to help pay fewer (or even no) taxes in retirement, protect themselves from rising taxes, and better understand why our tax code is all but guaranteed to change after 2025.
In this podcast interview, you’ll learn:
To get access to today's show notes, including links to all the resources mentioned, visit TheRetirementTrainer.com/42
How Fit Is Your Retirement Plan?
We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com