Скачать или смотреть 💸 High earners' biggest risk: losing too much to taxes in retirement

One of the biggest risks for high earners isn't running out of savings—it's losing too much of it to taxes 💰

Many people assume they'll be in a lower tax bracket in retirement, but if you've built a sizable investment portfolio, your Required Minimum Distributions (RMDs), Social Security, and investment income can push you into an even higher bracket than when you were working.

And that's assuming we still have today's historically low tax rates when we retire—which is far from guaranteed given our national debt trajectory.

This is why one of the smartest moves you can make is diversifying your tax buckets. If all your money is in pre-tax accounts like a 401(k), every withdrawal is taxed as income, and it can cause up to 85% of your Social Security to be taxed as well.

By strategically using Roth conversions, taxable brokerage accounts, and tax-free municipal bonds, you can control when and how you pay taxes. This flexibility becomes invaluable when managing Medicare premiums, RMDs, and overall retirement cash flow.

But here's what often gets overlooked: money is just one part of the equation. Having a clear vision for what retirement looks like beyond the numbers is just as important. I've seen too many high earners work longer than they need to because it's impossible to feel confident without a comprehensive plan.

If you're in the final stretch before retirement and want help putting together a tax-efficient plan, schedule a meeting at skinnerwealthstrategies.com/meet-brian

#retirement #taxplanning #financialplanning