Compare your way to retirement with a road trip.
You load up your fortune truck with a portfolio of assets, and fuel it with enough income for a pleasant journey.
The goal may be a legacy for your family, maintaining vibrant health, or a visit to the Galapagos Islands.
Then, a tax loophole appears, and shakes you up.
One may not hurt that much.
But, if they become too many, they take a toll on your retirement plan and your sanity.
Therefore, it’s better to include a map for tax planning, so you can avoid these obstacles.
And in today’s episode, you’ll gain an overview of how to bypass the IRS with efficient tax planning, how to reduce your tax liability with your stock portfolio, and why Medicare is a potential tax trap on its own.
Listen now!
Show highlights include:
- Why tax planning isn’t going to make you rich (and what to focus on first) (1:28)
- The ever-growing tax liability trap most people ignore (and ruin their retirement) (2:53)
- The “Asset Allocation” method to save thousands in taxes per year (4:09)
- How to stop the IRS from enriching themselves with you (and have more left for charity) (5:38)
- The “Tax Harvesting” strategy to reduce your tax liability (with the help of your stock portfolio) (7:16)
- The pure magic of Roth IRAs for tax planning (and why Medicare is a tax trap for high earners) (8:22)
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