In This Video:
When you enter into retirement, you’re no longer going to have that company paycheck coming in. It’s a new world and one that you have to be emotionally and financially ready for.
Things to Consider:
Without that steady income stream from work, people most commonly rely on their investments. Depending on where you’ve been saving, your money will likely come out of an IRA or a 401(k) and those withdraws will be subject to tax. Based on the amount of debt our country is facing right now, where do you think taxes are going in the future?
If tax rates go up in the future, that will effectively lower your retirement income when it comes time to pull money from those accounts. In this video, we’re going to address a question we get all the time by sharing six ways to get more tax-free income in your retirement.
Here’s what we cover in this financial video:
0:00 – Intro
1:31 – The Roth IRA
3:07 – Spousal Roth IRA for non-working spouse
4:26 – Back-door Roth
5:59 – Roth Conversion
6:44 – Utilizing a Health Savings Account
8:44 – Sell primary home for a gain
Get your free guide to unlocking hidden tax-savings: https://lifemoneyshow.com/taxes/
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