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The Tax PlaybookAuthor: 960 Digital
The US is 26 Trillion dollars in debt and with all the unfunded liabilities such as Social Security and Medicare, the possibility of increased tax rates are high. Americans have to prepare themselves for the coming tax storm. Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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4-Step Process to a Tax-Free Retirement
Episode 10
Wednesday, 12 August, 2020
We’re talking about the 4-step process to get to a tax-free retirement. Step one, recognize that tax rates are going to go up. Step two, recognize that in a rising tax rate environment, there's a mathematically perfect amount of money to have in the taxable bucket and the tax-deferred bucket. Step three is anything above and beyond those ideal balances in the first 2 buckets should be systematically, year by year, over a period of time, repositioned to the tax-free bucket. Step four is to make sure that you're getting some good diversity within your tax-free streams of income. Make sure that once you decide what’s the ideal amount of money to be shifted to tax free, that it gets funneled into a few different places.
