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Most retirees don’t realize they could be walking into a tax trap. In this episode of Money Isn’t, John L. Smallwood breaks down how Social Security benefits are taxed, why deferring income can backfire, and the strategic moves high-net-worth individuals can make today to avoid unnecessary taxes in retirement. Learn how to time distributions, leverage Roth conversions, and optimize your tax bracket while it’s still favorable. This episode is essential for anyone focused on tax-efficient wealth preservation and retirement planning.
Chapters:
(00:00) Intro
(04:27) When Deferral Works and When It Doesn’t
(07:13) Tax-Free Withdrawals: When and How
(09:10) Understanding the 85% Rule for SS Tax
(12:21) Missed Opportunities in Low-Tax Environments
(14:08) Roth Conversion Timing and Impact
(15:16) 2026 Sunset and Tax Law Shifts
(17:27) Final Takeaway: Move From Future Tax to No Tax
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