The Secret to Saving Big on Taxes in Retirement (Ep. 19)
What if you could turn your biggest retirement expense into your greatest savings opportunity?
In this episode, Tyson and Ryan Thacker from B.O.S.S. Retirement Solutions sit down with Brandon Olson, CPA, an investment advisor representative at B.O.S.S., to explore smart tax strategies that can keep more of your hard-earned savings in your pocket. As taxes continue to loom as one of the most significant retirement expenses, the opportunity lies in proactive planning and using tools like Roth conversions.
You will learn:
- How current historical low tax rates offer a golden window of opportunity for Roth conversions (05:31)
- The significant tax savings potential in converting a traditional IRA to a Roth IRA (07:59)
- Real-life examples, including a hypothetical case study highlighting long-term tax savings (09:53)
- The critical decision between pension cash flow versus lump sum and its tax implications (20:08)
- Common pitfalls in managing retirement income, Social Security, and medical costs (24:49)
- And more!
Resources:
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About Brandon Olson
Brandon P. Olson, CPA, is an Investment Advisor Representative at B.O.S.S. Retirement Solutions. Brandon uses his wealth preservation and tax planning experience to help his clients find desirable retirement solutions as part of investing their lives in their work and family.
He has been involved with investment management for most of his career. He graduated from Brigham Young University with bachelor’s and master’s of accounting degrees with an emphasis in tax. He has worked with PricewaterhouseCoopers as a CPA, focusing on all areas of taxation, and as a chief financial officer for several prominent Utah companies. He is licensed as a CPA and real estate agent. He is an Investment Advisor Representative and a licensed insurance agent.
As former president of Norbest, Brandon successfully led business relationships to produce more than $150 million in sales and marketing, while managing $35 million in lending.
Brandon loves spending time with his family and is proud to be called a grandpa! He serves in his faith, loves the outdoors, traveling, and getting his hands dirty gardening, yard work or construction projects, but most of all, being with and helping people.
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