What Future Tax Rates Have in Store for Your Retirement with Brian Britt

Retirement planning for the longest time has been heavily reliant on tax-deferred accounts and Social Security. And while this paradigm worked for the previous generations, especially after pensions began fading, relying heavily on tax-deferred accounts does not work well anymore. Today tax-free and tax-advantaged accounts are best! Why did the old paradigm work so well for previous generations but not now? And why do tax-free and tax-advantaged methods work better? This week's episode answers those questions and so much more about tax rate risk in retirement. To discuss this risk Dave brings on Brian Britt, an expert partner with Retirement Risk Advisors. During this episode you will learn about: why the old paradigm of retirement planning does not work for tax rate risk nowwhy a risk-based approach best addresses this riskthe impact this risk has on your retirementthe 3-Bucket Systemwhy tax brackets change from working years to retirement years tactics to overcome tax rate risk and benefits of themFor more information on tax rate risk, its impact on retirements, and how you can tackle it, listen to episode 63 of the Retirement Risk Show! Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors