What is the secret to future tax-free income?
I’m about to give you the blueprint. Create future tax-free income by using today's low income tax rates. The earlier you take advantage of your planning the better. The tax code actually includes several moves you can make right now to create tax-free retirement income but the optimal window may only last until 2026. No matter what your age, planning now for a future of tax-free income is smart.
New tax laws can change in a heartbeat and derail your retirement planning when you can least afford it so let’s do our best to stay one step ahead, and not bury our heads in the sand. This is part 2 of the series, How to Create a 100% Tax-Free Income in Retirement. Using Current Tax Brackets to Create Tax-Free Income. There is not much time to position yourself so let’s dive in.
TIME STAMPS -
00:00 Introduction
00:39 What is the secret to future tax-free income?
02:27 Important disclosures
03:10 Why Current Tax Rates Are So Attractive for Planning?
05:58 Difference between income and taxable income.
06:57 Tax rates for married couples
08:28 Why is this so important to understand?
09:50 What can you do to prepare yourself?
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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.
I provide financial planning for business owners and their families that makes sense.
Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.
We strive to help you:
*Optimize Your Cash Flow
*Minimize Your Taxes
*Build Your Net Worth
*Create a Lasting Legacy
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