Oct 22, 2020
In the previous episode of this podcast, we explored what taxes currently mean for retirees - and why taxes are the most expensive thing in almost every retirement plan.
If you save the wrong way, you’ll be penalized for it. If you were so lucky as to live to be 115 years old, you’d be required to withdraw 50% of your pre-tax retirement accounts each year - and no matter what age you are, your required minimum distributions can lead to massive tax spikes.
Today, we get at the heart of why your pre-tax investments are so expensive when compared to Roth investments, how to effectively prep your taxes regardless of what happens in this year’s election, and why the health of your investments won’t tell you anything about your spending when it comes to your taxes.
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/34
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