Tag: Wealth Preservation

Secrets to Minimizing Taxes on Your Retirement Income (Ep. 17)

Secrets to Minimizing Taxes on Your Retirement Income (Ep. 17)

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.

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

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How to Take the Risk Out of Retirement (Ep. 16)

How to Take the Risk Out of Retirement (Ep. 16)

What’s the main risk that’s hiding in your retirement plan? Chances are, it’s lurking in plain sight and could jeopardize your financial future. How can you avoid it?

In this episode, Ryan Thacker and Tyson Thacker, the “retirement brothers” from B.O.S.S. Retirement Solutions and Advisors, talk about managing risk in your retirement portfolio. Through storytelling and real-life examples, they illustrate the all-too-common mistakes that can compromise your financial security. This episode shines a spotlight on how to ensure your money lasts as long as you do, helping you avoid the pitfall of taking unnecessary risks.

They discuss: 

  • (01:18) Recognizing the emotional impact of financial risk
  • (03:53) Personal anecdotes about business risks and financial losses
  • (14:20) The significance of ‘stress testing’ your portfolio to gauge risk accurately
  • (21:57) The insidious effect of fees on your retirement savings
  • And more

Tune in for an enlightening discussion that leverages real stories to help you create a foolproof plan. By understanding the risks and taking the necessary steps, you can protect your nest egg and secure a worry-free retirement.

Resources:

Get your FREE B.O.S.S. Retirement Blueprint:

3 Ways to Respond:

  • Text BLUEPRINT to (435) 500-0665
  • Call: (800) 769-7550
  • or Click Here

Connect with Tyson Thacker: 

Connect with Ryan Thacker: