Joe Murphy discusses the taxation of various sources of income in retirement.

Wealth Health Radio with Joe Murphy

English - February 23, 2024 17:00 - 52 minutes - 48.2 MB - ★★★★★ - 1 rating
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Previous Episode: Joe Murphy explore the You Earned It, You Keep It Act, which proposes revisions to social security.

Next Episode: The concept of a soft landing, avoiding a recessionary GDP backtracking, is discussed.

In this episode, Joe Murphy discusses the taxation of various sources of income in retirement. He debunks the misconception that there are no taxes in retirement and highlights the importance of tax planning. Joe explains how Social Security benefits, pensions, interest-bearing accounts, dividends, and retirement accounts are taxed. He also emphasizes the tax benefits of life insurance proceeds and provides insights into the taxation of annuities and home sales. Additionally, Joe encourages listeners to create a bucket list and shares the significance of incorporating personal growth goals into retirement planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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