Oct 31, 2019
Taxes hugely influence how much of your money you get to keep. Without a proper strategy in place, are you making any of these major tax mistakes?
Show Notes: https://financialplanningva.com/serious-tax-mistakes-to-avoid-in-retirement/
0:15 - How can you make the most of your life savings and keep more of your money?
0:54 - Many CPAs don’t have time to plan and project taxes in retirement.
2:34 - Tax mistake: Not planning for Social Security taxation.
2:55 - Tax mistake: Forgetting about IRAs and orphaned accounts.
4:57 - Tax mistake: Ignoring taxes in retirement.
6:24 - Tax mistake: No strategy to minimize taxes.
8:04 - Tax mistake: Taking money from retirement accounts in the wrong order.
8:32 - Brian shares a story about someone who was sold a variable annuity but didn’t need it.