Divorce the IRS: Defusing the Tax Time Bombs Hidden in Your Freedom Plan with Jimmy Miller

That tax deduction you took wasn't a gift. It was a loan from the IRS, and the bill is coming due.Daniel sits down with Jimmy Miller, fiduciary financial advisor, founder of Baobab Wealth Abroad, and author of Divorce the IRS, to expose the tax time bombs ticking inside tax-deferred retirement accounts. They break down the myth of the lower tax bracket in retirement, why a Roth conversion works like refinancing a mortgage, the four account buckets every freedom plan needs, and the tax surprises waiting for anyone dreaming of retiring abroad, where some countries tax a Roth like a regular brokerage account.Chapters:00:00 — A Loan From the IRS01:47 — The Taxation Time Bomb03:56 — A Loan With Terrible Terms05:21 — Eight Bombs & the Wet Snowball07:18 — The Myth of the Lower Tax Bracket09:27 — Provisional Income Wake-Up Calls10:22 — The Opportunity FIRE Savers Miss13:53 — Roth Conversions: Refinancing Your IRA15:00 — Finding Your Ideal Pre-Tax Number16:29 — Geographic Arbitrage: Taxes Follow You18:00 — Expat Tax Breaks: FEIE & Foreign Tax Credit20:39 — Tax Treaties & the Roth Trap in Europe22:07 — The Four-Bucket Baseline & Pro-Rata Rule24:00 — Tax Bracket Management & Lifetime Planning27:12 — Legacy: Charity, Kids & the 10-Year Rule29:10 — Jimmy's Final Advice & Baobab31:24 — Daniel's TakeawaysEscape The Clock Resources:📖 The Book — https://escapetheclock.com/book⬇️ The Planner — https://escapetheclock.com/toolkit🎙️ The Podcast — https://escapetheclock.com/podcast🤝 1:1 Help — https://escapetheclock.com/schedule✉️ Free Weekly Insights — https://escapetheclock.com/subscribeEpisode References & Resources:ℹ️ Americans hold $33T+ in IRAs and workplace retirement plans — Investment Company Institute (2026) https://www.ici.org/statistical-report/ret_25_q4ℹ️ Only 3 in 10 Americans have a plan to minimize taxes on retirement savings — Northwestern Mutual (2024) https://news.northwesternmutual.com/planning-and-progress-study-2024ℹ️ RMDs from pre-tax accounts begin at age 73 — IRS (2025) https://www.irs.gov/retirement-plans/retirement-plan-and-ira-required-minimum-distributions-faqsℹ️ Up to 85% of Social Security benefits can be taxable — SSA (2025) https://www.ssa.gov/benefits/retirement/planner/taxes.htmlℹ️ Foreign Earned Income Exclusion: $130,000 for 2025 — IRS (2025) https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusionℹ️ 5.5 million Americans estimated living abroad — AARO (2024) https://aaro.org/living-abroad/how-many-americans-live-abroadℹ️ Inherited IRA 10-year rule for most non-spouse beneficiaries — IRS (2025)https://www.irs.gov/retirement-plans/retirement-topics-beneficiaryConnect with Jimmy:Website — https://baobabwealth.com/YouTube — https://www.youtube.com/@baobabwealth/LinkedIn —https://www.linkedin.com/company/baobabwealthmanagementSupport the podcast:Leave a rating & review.Share this episode with others.Join the newsletter at https://escapetheclock.com/subscribe.This information is for educational purposes only and not financial advice. Consult a qualified professional for personalized guidance.#FinancialFreedom #EarlyRetirement #EscapeTheClock #TaxPlanning #RothConversion #FIRE #RetireAbroad #DivorceTheIRS