How Taxes Affect Your Retirement Planning

16/09/2024 18 min
How Taxes Affect Your Retirement Planning

Listen "How Taxes Affect Your Retirement Planning"

Episode Synopsis

The conversation discusses the impact of taxes on retirement planning and starts with a discussion about whether American athletes have to pay taxes on the medals they win at the Olympics. The conversation then delves into various forms of income that can be taxed during retirement, such as Social Security, interest-bearing accounts, sales of stocks and bonds, and withdrawals from traditional IRAs and 401(k)s. The importance of considering inflation and the timing of Social Security benefits is also highlighted.See omnystudio.com/listener for privacy information.