Aug 27 2024 29 mins 1
In this episode of the Retire Early Retire Now podcast, host Hunter Kelly from Palm Valley Wealth Management discusses retirement strategies tailored for high-income earners. The discussion focuses on the 'three buckets' strategy, which involves utilizing taxable, Roth, and pre-tax accounts to effectively manage taxes and savings. Key points include understanding the challenges unique to high-income earners, benchmarks for savings, the importance of diversifying investments, and various tax-advantaged accounts such as HSAs and non-qualified deferred compensation plans. The episode also highlights common pitfalls to avoid, the importance of regular plan reviews, and ends with advice on charitable giving strategies. Listeners are encouraged to seek professional help if needed and to stay educated on best practices for financial planning.
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