Tax Strategies for Early Retirement

15min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter provides insights into managing taxable brokerage accounts during early retirement, focusing on capital gains, dividends, and effective tax brackets. It examines the intricacies of Roth conversions, specifically the benefits of timing them strategically to optimize tax efficiency and healthcare coverage. The discussion emphasizes meticulous planning and the use of financial tools to maximize benefits while navigating the challenges of the FIRE lifestyle.

Do you worry about taxes and how they impact your financial goals? Whether you're on a FIRE path or retiring traditionally, there are many critical tax topics to consider. In this episode, Jason talks with financial planner and CPA Sean Mullaney, creator of The FI Tax Guy blog. We talk about common tax misunderstandings, the power of solo 401(k) accounts, Roth conversions, and tax loss harvesting. Check out the link below for the show notes including all the content we mentioned in the episode.

Show notes: https://twosidesoffi.com/fitaxguy

Sean's book: "Solo 401(k): The Solopreneur's Retirement Account" - https://amzn.to/3B4bqet