14 min.
4-Step Process to a Tax-Free Retirement The Tax Playbook
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- Investeren
We’re talking about the 4-step process to get to a tax-free retirement.
Step one, recognize that tax rates are going to go up.
Step two, recognize that in a rising tax rate environment, there's a mathematically perfect amount of money to have in the taxable bucket and the tax-deferred bucket.
Step three is anything above and beyond those ideal balances in the first 2 buckets should be systematically, year by year, over a period of time, repositioned to the tax-free bucket.
Step four is to make sure that you're getting some good diversity within your tax-free streams of income. Make sure that once you decide what’s the ideal amount of money to be shifted to tax free, that it gets funneled into a few different places.
We’re talking about the 4-step process to get to a tax-free retirement.
Step one, recognize that tax rates are going to go up.
Step two, recognize that in a rising tax rate environment, there's a mathematically perfect amount of money to have in the taxable bucket and the tax-deferred bucket.
Step three is anything above and beyond those ideal balances in the first 2 buckets should be systematically, year by year, over a period of time, repositioned to the tax-free bucket.
Step four is to make sure that you're getting some good diversity within your tax-free streams of income. Make sure that once you decide what’s the ideal amount of money to be shifted to tax free, that it gets funneled into a few different places.
14 min.