In this episode of Element Wealth Radio, Jeremy Nelson and Gary Nolan discuss the multifaceted aspects of retirement, including the loss of predictable income, the importance of budgeting, psychological shifts in identity, the impact of losing employer-sponsored benefits, and the need for a comprehensive retirement plan. They also delve into advanced tax strategies, particularly Roth conversions, to help retirees minimize their tax liabilities and maximize their savings. This conversation explores the intricacies of starting a business in retirement, focusing on tax responsibilities, self-employment taxes, and the importance of choosing the right business structure. Jeremy Nelson provides insights on maximizing deductions, planning for business taxes, and compliance. The discussion also covers withdrawal strategies for retirement accounts, the benefits of charitable distributions from IRAs, and the importance of diversification in investments. Finally, the conversation touches on Roth IRA conversions and their impact on tax strategies for retirees.

 Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

In this episode of Element Wealth Radio, Jeremy Nelson and Gary Nolan discuss the multifaceted aspects of retirement, including the loss of predictable income, the importance of budgeting, psychological shifts in identity, the impact of losing employer-sponsored benefits, and the need for a comprehensive retirement plan. They also delve into advanced tax strategies, particularly Roth conversions, to help retirees minimize their tax liabilities and maximize their savings. This conversation explores the intricacies of starting a business in retirement, focusing on tax responsibilities, self-employment taxes, and the importance of choosing the right business structure. Jeremy Nelson provides insights on maximizing deductions, planning for business taxes, and compliance. The discussion also covers withdrawal strategies for retirement accounts, the benefits of charitable distributions from IRAs, and the importance of diversification in investments. Finally, the conversation touches on Roth IRA conversions and their impact on tax strategies for retirees.
&nbsp;Reach out to Jeremy at 800-800-6073 or <a href="https://www.myelementwealth.com/">https://www.myelementwealth.com/</a>

In this conversation, Jeremy Nelson and Gary Nolan discuss the realities of retirement, highlighting common mistakes retirees make, such as underestimating expenses and failing to maximize social security benefits. They emphasize the importance of having a tax strategy and planning for long-term care. The discussion also covers the overwhelming choices in retirement planning and draws lessons from notorious financial crimes, warning listeners to be cautious and informed in their financial decisions. In this conversation, Jeremy Nelson and Gary Nolan discuss critical aspects of financial planning, including cybersecurity threats, the importance of estate planning, and strategies for wealth transfer. . The conversation concludes with a Q&A segment addressing common retirement scenarios and the importance of tax planning in retirement.

 Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/

In this conversation, Jeremy Nelson and Gary Nolan discuss the realities of retirement, highlighting common mistakes retirees make, such as underestimating expenses and failing to maximize social security benefits. They emphasize the importance of having a tax strategy and planning for long-term care. The discussion also covers the overwhelming choices in retirement planning and draws lessons from notorious financial crimes, warning listeners to be cautious and informed in their financial decisions. In this conversation, Jeremy Nelson and Gary Nolan discuss critical aspects of financial planning, including cybersecurity threats, the importance of estate planning, and strategies for wealth transfer. . The conversation concludes with a Q&amp;A segment addressing common retirement scenarios and the importance of tax planning in retirement.
 Reach out to Jeremy at 800-800-6073 or <a href="https://www.myelementwealth.com/">https://www.myelementwealth.com/</a>

Element Wealth Radio with Jeremy Nelson

Jeremy Nelson and the team at Element Wealth bring everything you need to know about retirement and income planning in a fast paced format. Each week, the hosts and guests on the show reveal the latest developments in the financial world to keep you informed of changes that may affect you personally, while sharing some common sense strategies that will help you make the most out of your retirement savings. We are focused on helping investors preserve and grow their assets, increase their income, and reduce taxes.

For more information or to get your own questions answered, call (800) 800-6073

Jeremy Nelson and the team at Element Wealth bring everything you need to know about retirement and income planning in a fast paced format. Each week, the hosts and guests on the show reveal the latest developments in the financial world to keep you informed of changes that may affect you personally, while sharing some common sense strategies that will help you make the most out of your retirement savings. We are focused on helping investors preserve and grow their assets, increase their income, and reduce taxes.
For more information or to get your own questions answered, call (800) 800-6073