Minimizing Taxes In Retirement
What if you could reduce one of your biggest expenses? For some, taxes are a major expense, so it\u2019s vital that you are strategic about your taxes, both now and in the future. If your tax rate is in the high 20s and 30s, that bill could amount to a high portion of your total costs. In this episode, Brian talks through several strategies people consider when it comes to minimizing taxes and whether you should incorporate them into your financial plan.
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Here\u2019s what you\u2019ll learn on today\u2019s show:
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- How can you reduce your biggest expense? (0:12)
- Should you max out retirement accounts? (11:44)
- What is a back-door Roth? (12:34)
- Should you contribute to an HSA? (15:36) \xa0
- Is it worth contributing to a 529? (16:30)
- How should you use charitable gifting strategies? (17:58)
- There\u2019s a new lottery winner in Virginia. (19:45)
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Get Additional Information: https://financialplanningva.com/podcast/
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