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https://youtu.be/ghC-S8N2P60 Bullet Point Summary: – The episode discusses relocating to low-income tax states, a trend that was seen among people moving from high-tax states like New York and Minnesota to states like Florida and Texas for tax benefits and warmer weather. – Total tax burden should be considered, including local and state taxes, as well …

Keystone Activities and Their Role In A Happy Retirement Read More »

https://youtu.be/mGi6mQzzNCo Today’s topic is the Mega Backdoor Roth, a strategic approach to retirement savings that shouldn’t be confused with a traditional Backdoor Roth IRA. This strategy involves utilizing the 401(k) plan to make after-tax contributions beyond the standard employee contribution limits, assuming one has substantial income. Roth assets are taxed going in but can be …

Using A Mega Backdoor Roth For A Wealthier Retirement Read More »

https://youtu.be/w6xLmPRi5YU Things To Know If Moving To A Low-Income Tax State For Retirement He advises viewers to look beyond income tax rates and assess the total tax burden, including local and state taxes, and whether the new state taxes Social Security. Property taxes should be reviewed for their potential impact on cost savings, while home …

Things To Know If Moving To A Low Income Tax State For Retirement Read More »

https://youtu.be/zG_zMsmXhNw Today’s discussion focuses on the “bucket strategy” for allocating retirement funds, which helps manage risk by separating assets into different categories based on time or spending types. The first bucket strategy divides assets into three categories: the first bucket holds low-risk, easily accessible assets like T-bills and money market funds to cover immediate expenses …

The Basics & Issues of The 3 Bucket Retirement Read More »

https://youtu.be/L7jUmq5TUpM Summary Today’s topic is potential tax changes in 2026, when the Tax Cuts and Jobs Act (TCJA) is set to expire, potentially leading to increases in individual income tax rates, halved standard deductions, and altered estate planning exemption amounts. Taxpayers should stay informed and not act hastily since government action may be last-minute and …

The TCJA Sunsets In 2026 and Taxes Could Go Up! What You Can Do About It Read More »

https://youtu.be/T_FUJSZANM8 Summary: Today’s topic is risk management in retirement, a crucial aspect that can cause anxiety but is necessary to address to ensure a comfortable retirement. Mark recalls a conversation with a client about “being hit by a bus,” highlighting the importance of acknowledging unexpected events and the need for insurance as we age. He …

Understanding Risk In Retirement Read More »

https://youtu.be/4mI4swhfj8o Show Notes: Inflation’s Impact on Retirement: – Mark discusses how inflation erodes purchasing power, particularly for retirees who may live on fixed incomes. He emphasizes the dangers of inflation for those in retirement and uses the heightened awareness of post-COVID inflation as a backdrop. (Time: [00:00:41] to [00:07:01]) Strategies to Combat Inflation: – Multiple …

Inflation & Retirement Read More »