EPISODE · Jun 22, 2023 · 17 MIN
Drain that 401k as soon as possible
from RetireCoast · host William
click here: Leave a text, tell us what you likedThere is no need to pay more in income taxes than is absolutely necessary. Good planning can avoid paying any federal income taxes on your 401k withdrawals or at worst, paying a much lower percentage.Retired persons earn lower income and much of Social Security income is not taxable. This allows retired persons to earn more meaning add to your earnings deductions from your 401k. Listen as we discuss how to drain that 401k and pay as little in federal income tax as possible.Please visit RetireCoast.com to learn more about retirement, personal finance and life stuff. Support the show🎙️ Enjoyed This Episode?Subscribe to the RetireCoast Podcast for practical conversations about retirement planning, financial preparedness, estate planning, entrepreneurship, and life on the Mississippi Gulf Coast.👉 Visit RetireCoast.com for in-depth articles, calculators, decision tools, checklists, and guides that expand on the topics we cover in each episode.📋 Looking for more advanced planning resources?Explore our membership programs:• Estate Planning Membership — Build and organize your legacy with decision tools, trust planning resources, trustee selection guidance, emergency preparedness documents, and more.• Business Builder Membership — Access tools and resources designed to help entrepreneurs, retirees, side-hustlers, and small business owners start, manage, and grow a successful business.• All Access Membership — Receive complete access to both memberships and our entire premium planning library.Learn more at:https://retirecoast.com/estate-planning-membership/https://retirecoast.com/business-builder-membership/https://retirecoast.com/all-access-membership/💬 Have a question or a topic you'd like us to cover?Email: [email protected]...
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click here: Leave a text, tell us what you liked There is no need to pay more in income taxes than is absolutely necessary. Good planning can avoid paying any federal income taxes on your 401k withdrawals or at worst, paying a much lower percentage. Retired persons earn lower income and much of Social Security income is not taxable. This allows retired persons to earn more meaning add to your earnings deductions from your 401k. Listen as we discuss how to drain that 401k a...
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Drain that 401k as soon as possible
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