Fastest Four: Retirement & Taxes
The Get Ready For The Future Show
Are retirement taxes the biggest threat to your financial future?
A new study shows that 70% of Americans are worried about taxes in retirement, and for Gen X, that number jumps to 80%. If you’re relying on a 401(k) or IRA, this is a conversation you can’t afford to ignore.
In this episode of Fastest 4 Minutes in Finance, we break down:
• Why withdrawals from tax-deferred accounts can push you into higher tax brackets
• How your income could increase Medicare premiums by thousands
• The hidden risk of waiting too long and getting hit with Required Minimum Distributions (RMDs)
• Smart strategies like Roth conversions and tax diversification to create more tax-free income
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