Sign up to get updates from us
In this episode, Ryan Burklo discusses the tax status of retirement accounts and the importance of considering taxes when planning for retirement. He explains the different tax statuses of assets, including fully taxable, partially taxable, and...
In this episode, Ryan Burklo discusses the tax status of retirement accounts and the importance of considering taxes when planning for retirement. He explains the different tax statuses of assets, including fully taxable, partially taxable, and non-taxable. Ryan emphasizes the preference for having a majority of assets in the non-taxable category. He explores strategies for shifting assets from taxable to non-taxable, such as asset shifting and cashflow shifting. Ryan also highlights the need to think with the end in mind and consider flexibility in retirement.
Takeaways
Consider the tax status of your retirement accounts when planning for retirement.
Having a majority of assets in the non-taxable category is preferable.
Strategies like asset shifting and cashflow shifting can help shift assets from taxable to non-taxable.
Think with the end in mind and consider flexibility in retirement.
Chapters
00:00 Introduction: Importance of Tax Status in Retirement
01:21 Tax Status of Assets: Fully Taxable, Partially Taxable, Non-Taxable
03:24 Shifting Assets: Asset Shifting and Cashflow Shifting
06:47 Thinking with the End in Mind: Flexibility in Retirement
07:42 Conclusion: Contact for Questions and Topics
