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We tackle the often-overlooked issue of retirement tax liability and explore strategies to create tax-free income streams for a potentially more secure financial future.
• Understanding the “mortgage” on qualified plans (401(k)s, IRAs) where the IRS owns an unknown percentage of your savings
• The current “tax sale” has been extended but will eventually end with rates likely rising dramatically
• Strategic Roth IRA conversions can move money from tax-deferred to tax-free status during this window of opportunity
• “Super Roth” life insurance policies offer tax-free income, death benefits, and potential long-term care coverage
• Tax location matters as much as asset allocation – having the right balance of tax-free, tax-deferred, and taxable accounts
• The tax snowball effect in retirement impacts Social Security taxation, Medicare premiums, and available deductions
• Some retirees can achieve a 0% tax bracket by properly structuring their retirement income sources
Visit masterplanretire.com to access our retirement checklists, podcasts, and schedule a complimentary consultation. Call 770-980-9262 to speak with someone directly about your retirement planning needs.
And so, you cannot get our debt down by just cutting spending. Impossible. It takes both a cut in spending and a rise in taxes. And it’s not going to happen on the wealthy. I can tell you there’s no way. The wealthy are always going to find a way, unless you come in with a national sales tax, the wealthy find a way to get around it.
– Mark Fricks
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