Jan 19, 2021
No matter what time of the year it is or what the tax code says, you’re probably paying taxes on a paycheck, Social Security, dividends, and capital gains - or some combination of the above. It can be easy to feel overwhelmed and just give up trying to hang on to your hard-earned money.
JoAnn Huber does not want you to do this. She’s a CPA and CERTIFIED FINANCIAL PLANNER™, and she understands how a long-term tax plan can help you save more, no matter what’s happening in the world.
Today, JoAnn returns to the podcast for the fourth time to talk about the ways 2020 has changed how people of all ages need to look at retirement, the importance of having a solid plan in place long before you take your first RMD, and how to protect yourself, no matter how much the tax code changes.
In this podcast interview, you’ll learn:
- How tax laws changed in 2019 and 2020 - and why taxes are probably going to go up no later than 2025.
- How the SECURE Act will change how people look at retirement - and the new rules that may hugely impact people who inherit IRAs.
- Ways to lower your tax tier and save on Medicare premiums using qualified charitable distributions.
- Why the SECURE Act brings life insurance into play as a retirement vehicle for the first time in a long time - and how the life insurance industry lobbied to make this happen.
Get Today's Show Notes
To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/35
Learn More about Retirement Planning
Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com