Retiring in the 0% Tax Bracket (with Dawn Santoriello, CFP®)

#retirementplanning, #taxplanning, #moneyandmortgages

In this episode, Adam Coleman hosts Certified Financial Planner and founder of DS Financial Strategies, Don Santoriello, to discuss strategies for retiring in the 0% tax bracket. They cover current tax brackets, the impact of future tax rate changes, and the importance of tax-efficient retirement planning. Santoriello emphasizes the need for strategic placement of funds into taxable, tax-deferred, and tax-free accounts, leveraging Roth conversions, life insurance retirement plans, and health savings accounts (HSAs) to minimize taxes. The discussion also delves into managing Medicare premiums, Social Security taxation, and the potential benefits of Roth conversions at various life stages.

For more information on Dawn, check out her website: https://www.dsfinancialstrategies.com/

00:00 Introduction to Retiring Tax-Free

00:59 Understanding the 0% Tax Bracket Concept

01:18 Tax Brackets and Future Predictions

03:16 Strategies for Achieving a 0% Tax Bracket in Retirement

03:30 Utilizing Taxable, Tax-Deferred, and Tax-Free Buckets

07:34 The Role of Roth Conversions and Life Insurance

13:42 Addressing Common Concerns and Misconceptions

17:54 Maximizing Health Savings Accounts (HSAs)

20:35 Strategic Roth Conversions and Medicare Considerations

23:02 Social Security Strategy and Final Thoughts

25:54 Contact Information and Closing Remarks

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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.