How to Maximize Income and Minimize Taxes in Retirement | On The Money

Ryan and Spike discuss key strategies for retirement planning, emphasizing that retirement is not about how much money you save but about the income you generate to sustain your lifestyle. They explore common misconceptions, such as the need to replace 100% of your pre-retirement income, and stress the importance of tailoring financial plans to different stages of retirement: the active "go-go years," slower "slow-go years," and minimal spending "no-go years." The discussion highlights real-life examples, including the risks of mismanaging pensions and the importance of transitioning from saving to spending while accounting for future healthcare and long-term care costs.

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Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have.

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DISCLOSURE

Investment advisory services are offered through AWM Financial Services Inc., an SEC registered investment adviser. The content provided is intended for informational and educational purposes only. The views, statements and opinions expressed herein are those of the individual speaker(s) and not necessarily those ofAWM Financial Services Inc and its affiliates. The information contained herein does not constitute an offer to sell any securities or represent an express or implied opinion or endorsement of any specific investment opportunity, offering or issuer. Any discussion of performance or returns is not indicative of future results. Any discussions of specific strategies are for informational purposes only and have been provided to help determine whether they may be appropriate for your specific situation. If applicable, the primary goal in converting retirement assets into a Roth IRA is to reduce the future tax liability on the distributions you take in retirement, or on the distributions of your beneficiaries. Each individual investor’s situation is different, and any ideas provided may not be appropriate for your particular circumstances.
AWM Financial Services Inc only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. Nothing herein constitutes a recommendation that any security, portfolio of securities, or investment strategy is suitable for any specific person. No legal or tax advice is provided. Please review your retirement, tax, and legacy planning strategies with a legal/tax professional before transacting
or implementing any strategy discussed herein.

Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products. They do not in any way refer to investment advisory products. Rates and guarantees provided by insurance products and annuities are subject to the financial strength of the issuing insurance company; not guaranteed by any bank or the FDIC.

This is not endorsed or affiliated with the Social Security Administration, any federal Medicare program, nor any U.S. government agency. If applicable, we do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. All rights reserved.

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