The Chris Berry Show: 058 End of Year Tax Planning and Tax Free Income Sources in Retirement

058 End of Year Tax Planning and Tax Free Income Sources in Retirement

Nov 24, 2019

Have you prepared for a tax-free retirement?

At the end of the day, there are four ways we can generate tax-free income in retirement. Why is this important? Because no one wants to pay more tax than they need to. Quite often when clients come into my office a majority of their wealth, if not almost all, is in qualified and pre-tax accounts.

In this episode of The Chris Berry Show, I’ll talk about how to craft a tax-free retirement, and how to avoid some of the worst scams that can deplete your nest egg.

In this episode, you’ll learn...

Chris’ positive focus for the week.
The ways you can maximize taxes with end of year tax planning.
The four sources of tax-free income in retirement.
How to use Roths to generate tax-free income.
How life insurance can become an asset account.
How to utilize a 529 plan to grow money tax free.
Why “Buy term and invest the rest” is an oversimplification.
Situations where Social Security can be tax-free income.
Retirement scams you need to be aware of.
How scammers are changing the old IRS scam with mailed letters.
How investment scams can devastate your retirement.
How trusts can protect you during retirement.

Links & Resources

AlzElderCare.com

castlewealthgroup.com

TheChrisBerryShow.com

Michiganestateplanning.com

Twitter: www.twitter.com/ElderCareFirm

Facebook: www.facebook.com/chrisberryshow

LinkedIn: www.linkedin.com/in/christopherjberry