The Functional Retirement Podcast cover logo

Can You Really Pay $0 Taxes in Retirement? I Exploring The Possibilities. I Ep: 034

20m · The Functional Retirement Podcast · 05 Apr 15:00

Hey everyone! Thatcher Taylor here, your host of the Functional Retirement Podcast. I am thrilled to announce the release of our latest episode, where we dive deep into the topic of paying $0 in taxes during retirement. In this episode, we explore various strategies and options to reduce your tax burden and potentially achieve a tax-free retirement.

If you have any questions or specific topics you'd like Thatcher to address, feel free to comment below or reach out via email. Subscribe for more episodes on financial planning and retirement strategies. Thank you for tuning in!

Timestamps:
0:59 Ways to reduce taxes in retirement.
4:43 Tax implications of social security.
10:49 Strategies for minimizing taxes.
13:45 Options to reduce income.
18:24 Charitable tax strategies.
19:27 Planning for 0% tax retirement.

✅Contact Thatcher at [email protected] with comments and questions!

Are you over age 50 and need retirement help?
Schedule a free consultation https://www.propathfinancial.com/get-started

Subscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirement

Join The Newsletter For All Wealth Building Tactics
https://propath.ck.page/60fab1df4d


DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

The episode Can You Really Pay $0 Taxes in Retirement? I Exploring The Possibilities. I Ep: 034 from the podcast The Functional Retirement Podcast has a duration of 20:40. It was first published 05 Apr 15:00. The cover art and the content belong to their respective owners.

More episodes from The Functional Retirement Podcast

How Do Retirement Taxes Work? A Deep Dive into Taxes in Retirement I Ep: 039

On this episode of the Functional Retirement Podcast, host Thatcher Taylor, delves into the relationship between taxes and retirement planning. He emphasizes the importance of considering tax implications not just for the current year, but for the entire span of retirement. Thatcher highlights the need to strike a balance between saving now and enjoying the benefits later, cautioning against focusing solely on preserving portfolio value in retirement. Tune in to learn more about optimizing tax savings throughout your retirement journey.

Timestamps:
02:16 Retirement spending and taxation.
06:30 Understanding effective tax rates.
08:09 Navigating tax brackets in retirement.
12:43 Tax implications of retirement withdrawals.
19:17 The tax trap.
20:13 Taxes in retirement dynamics.

✅Contact Thatcher at [email protected] with comments and questions!

Are you over age 50 and need retirement help?
Schedule a free consultation https://www.propathfinancial.com/get-started

Subscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirement

Join The Newsletter For All Wealth Building Tactics
https://propath.ck.page/60fab1df4d


DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Should My Retirement Portfolio Be 100% Equities

"High portfolio variability can lead to sleepless nights for clients, which can then result in poor investment decisions."

Exploring the Viability of a 100% Equity Portfolio in Retirement

In the most recent episode of The Functional Retirement Podcast, Thatcher Taylor delves into the concept of maintaining a 100% equity portfolio during retirement. While acknowledging that this approach may not suit everyone, the host suggests that it could be a viable option depending on individual circumstances and risk tolerance. The discussion underscores the importance of comprehending the inherent variability of a portfolio when selecting the most suitable investment strategy for retirees.

The episode showcases a real-life client scenario where transitioning from a conservative model to a moderate 60-40 portfolio with increased equity exposure resulted in higher retirement spending while still ensuring a high probability of success. This example illustrates how a shift towards equities can impact income distribution and overall financial outcomes during retirement.

Moreover, the episode references Morningstar research indicating that a 100% equity portfolio can lead to larger distributions in retirement but also carries increased risk and the potential for lower assets at the end of life. The research suggests that the optimal asset allocation and distribution strategy depend on factors such as risk tolerance, probability of failure, and desired spending levels.

Ultimately, the episode concludes that while a 100% equity portfolio may not be suitable for all retirees, finding the right allocation that balances risk and return based on individual circumstances is crucial. By considering factors like longevity risk, inflation, and market volatility, retirees can tailor their investment approach to effectively meet their financial goals and retirement needs.

[00:00:49] Portfolio variability in retirement.

[00:05:07] Asset Allocation Adjustment.

[00:09:28] Retirement income strategies.

[00:15:00] Sustainable withdrawal rates.

[00:17:20] Maximizing Portfolio Distributions.

[00:21:05] Importance of equities in retirement

Blanchett Study

Morningstar

✅Contact Thatcher at [email protected] with comments and questions!

Are you over age 50 and need retirement help?
Schedule a free consultation https://www.propathfinancial.com/get-started

Subscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirement

Join The Newsletter For All Wealth Building Tactics
https://propath.ck.page/60fab1df4d


DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Should You Name Your Trust As Your IRAs Beneficiary? I Ep:037

Naming a trust as the beneficiary of an IRA can be a complex process that often requires guidance from a professional, such as an estate planning attorney. As discussed in the podcast episode, this decision involves various intricate considerations and potential implications that necessitate expert advice to navigate effectively.

If you have questions or need further guidance on estate planning and retirement strategies, contact Thatcher Taylor at ProPath Financial or consult an estate planning attorney for personalized advice. Stay tuned for more insightful episodes on retirement planning and financial management.

Timestamps:
0:38 Naming IRA Beneficiary as Trust.
06:05 Inherited IRA distribution rules.
10:04 Reasons for using a trust.
14:08 Trusts for IRA beneficiaries.
18:47 Using a trust as beneficiary.
19:29 Retirement planning journey.

✅Contact Thatcher at [email protected] with comments and questions!

Are you over age 50 and need retirement help?
Schedule a free consultation https://www.propathfinancial.com/get-started

Subscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirement

Join The Newsletter For All Wealth Building Tactics
https://propath.ck.page/60fab1df4d


DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Retirement Withdrawal Strategies For More Income In Retirement I How Retirement Works I Ep: 036

In episode 36 of the Functional Retirement Podcast, host Thatcher delves into retirement withdrawal strategies to potentially increase income. From discussing the challenges of retirement spending to exploring various strategies like the 4% rule, variable spending, buffer assets, insurance and investments, and tax-efficient withdrawals, this episode offers valuable insights for planning a secure retirement.

See Referenced Chart Here:
https://retirementresearcher.com/dashboard/

🔗 For more details and to access the supplemental blog, visit https://www.propathfinancial.com/post/moreretirementincome

Time Stamps:
0:49 Retirement withdrawal strategies.
4:23 Accumulation vs. decumulation.
10:49 Retirement Investment Strategies
14:26 Maximizing retirement income strategies.
16:15 Buffer assets for retirement.
19:15 Reverse Mortgage Strategy
23:52 Guaranteeing income with annuities.
27:13 Maximizing retirement income strategies.

✅Contact Thatcher at [email protected] with comments and questions!

Are you over age 50 and need retirement help?
Schedule a free consultation https://www.propathfinancial.com/get-started

Subscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirement

Join The Newsletter For All Wealth Building Tactics
https://propath.ck.page/60fab1df4d


DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

9 Places To Put Cash When Income is too High for a Roth IRA

In this episode, Thatcher covers options such as Roth conversions, backdoor Roth contributions, non-deductible IRA contributions, taxable brokerage accounts, 401ks, life insurance, annuities, paying off your mortgage, and investing in real estate.

If you want to learn more about these options and how to choose the right one for your financial situation, make sure to listen to the full episode. For a detailed list of the alternatives discussed, visit www.propathfinancial.com/post/nine-roth-alternatives.

Don't miss out on valuable financial insights and tips. Like, subscribe, and follow the Functional Retirement Podcast on your favorite platform. For personalized financial advice or to ask questions, reach out at [email protected].

Stay tuned for more episodes and remember, financial planning is key to securing your future. Thank you for listening!

✅Contact Thatcher at [email protected] with comments and questions!

Are you over age 50 and need retirement help?
Schedule a free consultation https://www.propathfinancial.com/get-started

Subscribe for all things retirement, investment, tax, & estate planning https://www.youtube.com/@functionalretirement

Join The Newsletter For All Wealth Building Tactics
https://propath.ck.page/60fab1df4d


DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.

Every Podcast » The Functional Retirement Podcast » Can You Really Pay $0 Taxes in Retirement? I Exploring The Possibilities. I Ep: 034