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Real Money Pros (11/09/24) - RMDs, Tax-Loss Harvesting, & Delaying SS

Ben Barzideh and Jeremiah Bates start with Required Minimum Distributions (RMDs) and Tax Strategies. Understanding this is crucial, as these distributions can significantly impact your tax liability in retirement. They discuss strategies to minimize taxes, including tax-efficient withdrawals and tax-loss harvesting, helping you reduce your taxable income and keep more of your hard-earned savings.
Delaying Social Security can increase your monthly payout, providing a more secure income stream in retirement. But when do you do that? Plus, we touch on the balance between diversification and long-term care planning. We also compare the pros and cons of long-term care insurance versus self-insurance through savings or annuities, giving you the tools to make informed decisions for a secure retirement.

Real Money Pros (11/09/24) - RMDs, Tax-Loss Harvesting, &amp; Delaying SS
Ben Barzideh and Jeremiah Bates start with Required Minimum Distributions (RMDs) and Tax Strategies. Understanding this is crucial, as these distributions can significantly impact your tax liability in retirement. They discuss strategies to minimize taxes, including tax-efficient withdrawals and tax-loss harvesting, helping you reduce your taxable income and keep more of your hard-earned savings. Delaying Social Security can increase your monthly payout, providing a more secure income stream in retirement. But when do you do that? Plus, we touch on the balance between diversification and long-term care planning. We also compare the pros and cons of long-term care insurance versus self-insurance through savings or annuities, giving you the tools to make informed decisions for a secure retirement.

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