172. Retirement Tax Planning Mistakes You Can Easily Avoid

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Billions of dollars are left on the table each year that could be in the hands of retirees due to a lack long-term tax planning. We help you get that money off the table and into your pocket with long-term tax and income planning strategies that help you make the most of your retirement savings.

Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®

https://merkleretirementplanning.com/staff-members/loren-merkle/

Clint Huntrods, PhD, Retirement Planner

https://merkleretirementplanning.com/staff-members/clint-huntrods/

Molly Nelson, Host of Retiring Today https://merkleretirementplanning.com/staff-members/molly-nelson/

Chapter

00:00 Retiring people face financial challenges, need strategies.

04:45 Planning Roth conversions to minimize retirement taxes.

06:52 Intentionally pay taxes now to defer later.

12:14 Analyze annuity type, fees, return potential, fit.

14:59 Have a plan before engaging in investments.

19:53 Tax plan neglect, focus on investments, missed opportunities.

21:52 Saving money for healthcare; importance of planning.

23:49 Efficient investments crucial for long-term financial growth.

27:02 Prepare for retirement through upcoming workshop.

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This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.