Anytime you’re able to lower the amount of taxes you have to pay the IRS, it means you can keep more money in your pocket. That’s a goal everyone should have, and it’s also why we’re often asked, “How do I reduce my tax rate in retirement?”

So how do we help people accomplish this? Today Scott will share five strategies to help lower your taxes in retirement and explain how to implement them. Before we know how to lower the tax rate, we need to know what causes that tax rate. So we’ll show you what all goes into your taxable income in retirement in order to identify ways to address those different streams.

Helping people keep more of their hard-earned money instead of giving it to the IRS is a major focus for us so let us know if you want more information on how to do that.

Here’s some of what we discuss in this episode:
0:00 – Intro
1:23 – What goes into your taxable income
5:04 – Roth Conversions
7:16 – Qualified charitable distributions
8:31 – Shifting interest income to long-term capital gains and qualified dividends
10:31 – Using municipal bonds or municipal funds
11:11 – Withdrawing money

Learn more about the topics we discussed:
Roth Conversions - [ Ссылка ]
QCDs - [ Ссылка ]
Withdrawal Strategy - [ Ссылка ]

Begin the 'Max My Retirement' Gameplan here: [ Ссылка ]

Want to learn more about financial and retirement planning? ➟ [ Ссылка ]

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