The Tax Time Bomb - May 1, 2022

A great deal of basic retirement savings is tax deferred, meaning folks will have to pay taxes later when the money is withdrawn. If not properly planned for, this could mean thousands of dollars could be going to the government rather than into your pocket. Nationally know actuary Marty Ruby will be coming to the area for a seminar in late May, and he joins Mindy and Nolan on this show to explain how proper tax planning can help avoid a huge tax bill in the future when rates could be much higher.Wealth Michigan with the McIntoshes is a weekly radio program featuring the husband and wife team of financial professional Mindy McIntosh and financial advisor Nolan McIntosh of McIntosh and Associates, based in Freeland, Michigan. Along with host Mark Elliott, they discuss topics based around financial planning for retirement and the necessary areas for putting together a plan based on the needs of the individuals or couples they serve.Investment advisory products and services made available through AE Wealth Management, LLC (AEWM), a Registered Investment Advisor.