Why are taxes one of the biggest retirement expenses, and how can you minimize them?
Join Ryan and Tyson Thacker for an episode of Retirement Solutions The Podcast as they discuss how taxes can take a huge bite out of your retirement savings and share strategies to help avoid it. Discover how you often have more control over taxes in retirement than any other time in life.
Ryan and Tyson delve into:
(02:54) Common misconceptions about retirement tax
(06:10) The true cost of tax-deferred savings vehicles, like 401(k)s
(15:22) Strategies for minimizing taxes through Roth conversions and life insurance
(18:34) Changes in tax brackets and how they affect your retirement taxes
(27:11) The benefits of advanced tax planning strategies for retirees
And more!
Tune in and explore how smart tax strategies can save you a substantial amount and keep more of your hard-earned savings in your pocket.
Are you making the most of your wealth opportunities, or are common financial myths holding you back?
In this episode, Tyson and Ryan Thacker chat with Tom Hegna, a renowned economist and bestselling author, to explore why the way we think about wealth might be all wrong. Together, they unravel surprising truths about building financial security and break down the top mistakes many young adults make with their money. Tom shares insights from his latest book and reveals simple strategies you can begin using today. This is a must-listen for anyone interested in securing a financially free future!
Tom discusses:
(04:02) Why understanding the Rule of 72 can be your golden ticket to wealth
(06:22) The common financial traps young adults fall into and how to avoid them
(13:12) Why focusing on income rather than just assets is crucial
(19:06) The importance of tax planning and avoiding a heavy tax burden in the future
Tom Hegna, CLU, ChFC, CASL, is an economist, author, and retirement expert. He has been an incredibly popular industry speaker for many years and is considered by many to be THE Retirement Income Expert!
As a former First Vice President at New York Life, retired Lieutenant Colonel, and economist, Tom has delivered over 5,000 seminars on his signature “Paychecks and Playchecks” retirement approach, helping Baby Boomers and seniors retire the “optimal” way. He has condensed a large chunk of his considerable knowledge into 5 books.
Tom specializes in creating simple and powerful retirement solutions. He has the unique ability to pump up a crowd, make people laugh and solve complex financial problems using easy-to-understand words, ideas and stories. He’s been featured in Business, Forbes, Money Rates, and many other leading publications. He is available to speak with businesses, government organizations, professional associations, financial professionals and their clients across the globe.
Are you ready to simplify the complexities of high-net-worth tax planning and maximize your retirement savings? Today, we unveil key strategies with our expert guest, Jeremy Green.
In this Retirement Solutions The Podcast episode, Tyson Thacker and Ryan Thacker are joined by Jeremy Green, a highly experienced advisor specializing in high net worth tax situations, estate, and business planning. Listen in as Jeremy shares his strategies for managing tax-efficient retirement income and maximizing the value of your financial assets, offering a behind-the-scenes look at how B.O.S.S. Retirement Solutions creates customized retirement plans. Discover actionable strategies for integrating your legal, financial, and tax planning matters and exploring unique opportunities available for those with highly appreciated assets.
Top discussion points include:
The benefits and implications of Roth conversions, life insurance, and other tax-free options for retirement planning
How to approach tax planning with highly appreciated stock and minimize capital gains taxes
The potential impact of upcoming tax changes and how to prepare for them with strategic planning
Examples of successful retirement strategies and the importance of early planning to maximize opportunities
Jeremy Green is a subject matter expert in high-net-worth tax, estate, and business planning with 22 years of experience. He collaborates with professional advisors, closely held business owners, and clients with significant assets to integrate and clarify their business, estate, philanthropic, tax, investment, and life insurance plans.
Over his career, Jeremy has eliminated millions of dollars in unnecessary present and future combined fees, estate, income, and capital gains taxes by restructuring how assets are owned before the sale of businesses or real estate. He has also adjusted business operating agreements to preserve otherwise lost stepped-up tax cost basis, modified the number and complexity of existing trust arrangements, optimized trust, and business-owned life insurance funding, and reduced excessive investment management expenses. Additionally, Jeremy serves as a paid expert witness, testifying on the proper design and execution of tax, wealth, and insurance planning techniques in FINRA three-judge panel arbitration and litigation in the U.S. Federal District Court.
Jeremy is admitted to practice before the IRS as an Enrolled Agent. He is also a Certified Financial Planner®, Certified Trust Financial Advisor, Certified Employee Benefit Specialist, Chartered Life Underwriter, and Accredited Estate Planner. He holds a degree from the Institute of Certified Bankers National Graduate Trust School, the American Institute of Bankers Personal Trust School, and the American College’s Master of Science in Financial Services program.
Did you know that the average retired couple could end up paying hundreds of thousands of dollars in taxes on their retirement savings?
Join Tyson Thacker and Ryan Thacker, as they introduce us to Bob and Carol—representative avatars of the thousands of families they’ve helped navigate retirement through their B.O.S.S. Retirement Blueprint. Gain insights into how personalized retirement planning can not only address but mitigate the significant tax burdens that could impact your golden years. Learn through the example of Bob and Carol’s the importance of tax planning, and how small adjustments today can save significant sums tomorrow!
Ryan and Tyson discuss:
The characters of The B.O.S.S. Retirement Blueprint, and share insights on their retirement challenges
How personal passions and family time shape retirement goals
The impact of taxes on retirement accounts and strategies to minimize them
The differences between tax preparation and tax planning
