In this episode of Money Matters, Deb and Laurie discuss the financial strategies that wealthy individuals employ to secure their retirement. They emphasize the importance of starting early, maximizing tax advantages, diversifying investments, and automating income streams. The conversation also covers the benefits of fixed indexed annuities (FIAs) as a tool for retirement income, highlighting their protection against market downturns and tax advantages. The hosts encourage listeners to adopt a long-term focus and to work with financial professionals to create a comprehensive retirement plan. In this episode of Money Matters, Deb and Laurie discuss the complexities of taxes in retirement, emphasizing the importance of tax planning and diversification. They explore common pitfalls retirees face, such as unexpected tax liabilities and the impact of Social Security and Medicare on taxes. The hosts also provide strategies for managing tax brackets effectively and answer listener questions about retirement planning, including the pros and cons of various annuities and RMDs. Reach out to Deb and Laurie at  800-932-5010 or https://www.gvcpleasantgrove.com/money-matters-radio-show .See omnystudio.com/listener for privacy information.

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