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#124 - The basics of taxes and tax planning in retirement

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Manage episode 448887822 series 3305727
Indhold leveret af Andy Panko. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Andy Panko eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.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

  continue reading

143 episoder

Artwork
iconDel
 
Manage episode 448887822 series 3305727
Indhold leveret af Andy Panko. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Andy Panko eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.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

  continue reading

143 episoder

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