Feb 23, 2021
Paying taxes can feel like pulling teeth… And while it seems unbearable, knowing how to get through the process with the least amount of pain is what makes your retirement a breeze. You don’t want taxes eating away at your returns the moment you stop working.
Even if you haven’t thought about your retirement yet, taking control of your finances starts with planning them today. Especially when tomorrow’s tax bracket isn’t promised.
In today’s episode, I share four tips on planning your most profitable retirement (so you don’t fall victim to surprise taxes later on).
Show Highlights Include:
- How a retirement plan costs you more in taxes and how to keep
more of the money you make today. (4:58)
- The biggest mistake in owning stocks or bonds and how to invest
alongside your retirement plan. (8:00)
- Why tax-free, penalty-free withdrawals start with the money
you’re spending right now. (10:45)
- How to adjust your current retirement plan for paying less taxes now (while avoiding penalty taxes later). (15:13)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.