Tax Strategies – Retirement Solutions

Avoiding the Tax Avalanche in Retirement (Ep. 14)

By BOSS Retirement Solutions | January 8, 2025

Have you ever wondered just how much of your retirement savings actually belongs to you and how much goes to Uncle Sam?

In this episode, Ryan Thacker and Tyson Thacker delve into the all-important topic of taxes in retirement. They break down the “tax avalanche” that could threaten your hard-earned savings and explain how a strategic plan can help you navigate safely through your golden years. Don’t let the tax avalanche catch you off-guard. Tune in to get ahead with your retirement planning!

Ryan and Tyson discuss:

(00:18) The significance of understanding the “tax dilemma”
(05:13) The “Tax Avalanche” – What it is and how to avoid it
(12:52) What the different tax buckets are and what they look like
(15:33) A case study of Bob and Carol’s retirement savings, and how comprehensive planning saved them $641,282 in taxes
And more

Resources:

The B.O.S.S. Retirement Blueprint

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Are You Taking Too Much Risk with Your Retirement? (Ep. 13)

By BOSS Retirement Solutions | December 25, 2024

Are you aiming to be rich in retirement or simply ensuring you won’t be poor?

In this episode, Ryan Thacker and Tyson Thacker tackle the pivotal question: Should your retirement plan chase risk for potential riches or focus on security to avoid poverty? They explore common financial myths that could jeopardize your retirement, especially if you don’t fully understand your risk tolerance. Listen in as they unravel the misconceptions surrounding financial planning and highlight the critical importance of reliable income over magic numbers.

Ryan & Tyson discuss:

(05:31) The myth of the “magic number” for retirement savings and its pitfalls
(07:04) Why “set it and forget it” isn’t a real plan
(09:07) The misleading nature of average rates of return
(13:09) How high risk doesn’t always translate to high reward
(18:12) Real-life examples from the B.O.S.S. Retirement Blueprint, including the risk analysis of Bob and Carol
And more