Feb 11 2025 54 mins 4
Brian Akers and Paul Franco discuss strategies for minimizing taxes during retirement. They emphasize the importance of understanding your tax bracket and planning accordingly. Key points include the benefits of contributing to Roth IRAs, which offer tax-free growth, and the potential for Roth conversions to reduce future tax liabilities. They also highlight the Qualified Charitable Distribution (QCD) strategy, which allows retirees to donate up to $108,000 annually from their IRAs to charity, thus reducing taxable income. Additionally, they advise on the importance of proper withholding and planning to avoid unexpected tax bills.
