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Konten disediakan oleh Ralph V. Estep, Jr. and Ralph V. Estep. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Ralph V. Estep, Jr. and Ralph V. Estep atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
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What steps can I take to avoid a tax time bomb in retirement?

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Manage episode 441924669 series 1791561
Konten disediakan oleh Ralph V. Estep, Jr. and Ralph V. Estep. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Ralph V. Estep, Jr. and Ralph V. Estep atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

Ever wondered if your retirement savings are hiding a potential tax time bomb? In this episode of The Ask Ralph Show, Ralph Estep Jr. breaks down strategies to help you avoid unexpected tax surprises in retirement. Discover practical solutions to protect your savings and answer the critical question: What steps can I take to avoid a tax time bomb in retirement? Tune in now to safeguard your financial future! How to Prevent a Tax Time Bomb in Retirement? With Ralph Estep Jr.

In this episode of the Ask Ralph Show, host Ralph Estep Jr. dives into the concept of a "tax time bomb" in retirement, where deferred taxes can lead to significant financial burdens later in life. Through the story of his client Robert, Ralph illustrates how Required Minimum Distributions (RMDs) and poor planning can lead to unexpected tax issues. Ralph shares actionable strategies such as Roth IRA conversions, Qualified Charitable Distributions (QCDs), and diversifying income sources to help you reduce tax liabilities. Whether you’re close to retirement or still years away, this episode will equip you with the knowledge to protect your savings and avoid unnecessary taxes.

https://www.askralphpodcast.com/tax-time-bomb/

Podcast Shownotes:

00:00 Episode Overview

01:09 Listener’s Question

02:19 Bible Verse: Proverbs 21:5

02:47 Real-Life Story: Robert’s Tax Time Bomb Experience

05:47 Roth Conversions

06:31 Qualified Charitable Distributions

07:21 Diversified Retirement Income Sources

08:00 Strategic about Social Security

08:42 Action Steps To Avoid a Tax Time Bomb in Your Own Retirement #1 Diversify Retirement Savings

08:56 #2 Plan for RMDs Before They're Required

09:37 # 3 Consider Roth Conversions in Lower-Income Years

10:07 # 4 Explore QCDs If You're Charitably Inclined

10:31 #5 Get Professional Help

13:22 Conclusion

Websites Mentioned:

https://www.askralphpodcast.com/roth-ira-conversions/

https://www.askralphpodcast.com/tax-breaks-for-seniors/

What is your question that you would like to ask Ralph? Send Your Question here: https://justaskralph.com/

Join our email list and get a free copy of “Mastering Your Finances” at https://askralph.com/

Schedule an Appointment with Saggio Management Group, Inc.

https://app.acuityscheduling.com/schedule/fabfb9f2/appointment/8258839/calendar/2141336?appointmentTypeIds[]=8258839

TAKE OUR LISTENER SURVEY - YOU COULD WIN $250

LISTEN NOW

WATCH NOW ON YOUTUBE (OUR VIDEO VERSION)

WATCH NOW ON RUMBLE (OUR VIDEO VERSION)

VISIT OUR ASK RALPH SHOW GEAR STORE FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES"

JOIN OUR FACEBOOK INSIDERS GROUP

Please share our Podcast with all your friends and family!

Submit your questions or ideas for future shows - email us at

ralph@askralph.com or leave a voicemail message on our podcast page

Leave A Voicemail Message

Like us on Facebook and follow us on Facebook at

https://www.facebook.com/askralphmedia Twitter (@askralphmedia) or visit www.askralphpodcast.com for more information.

To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to www.askralph.com for more information!

Buy Ralph's Book - Mastering Your Finances! on Amazon

Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journey on Amazon

  continue reading

562 episode

Artwork
iconBagikan
 
Manage episode 441924669 series 1791561
Konten disediakan oleh Ralph V. Estep, Jr. and Ralph V. Estep. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Ralph V. Estep, Jr. and Ralph V. Estep atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

Ever wondered if your retirement savings are hiding a potential tax time bomb? In this episode of The Ask Ralph Show, Ralph Estep Jr. breaks down strategies to help you avoid unexpected tax surprises in retirement. Discover practical solutions to protect your savings and answer the critical question: What steps can I take to avoid a tax time bomb in retirement? Tune in now to safeguard your financial future! How to Prevent a Tax Time Bomb in Retirement? With Ralph Estep Jr.

In this episode of the Ask Ralph Show, host Ralph Estep Jr. dives into the concept of a "tax time bomb" in retirement, where deferred taxes can lead to significant financial burdens later in life. Through the story of his client Robert, Ralph illustrates how Required Minimum Distributions (RMDs) and poor planning can lead to unexpected tax issues. Ralph shares actionable strategies such as Roth IRA conversions, Qualified Charitable Distributions (QCDs), and diversifying income sources to help you reduce tax liabilities. Whether you’re close to retirement or still years away, this episode will equip you with the knowledge to protect your savings and avoid unnecessary taxes.

https://www.askralphpodcast.com/tax-time-bomb/

Podcast Shownotes:

00:00 Episode Overview

01:09 Listener’s Question

02:19 Bible Verse: Proverbs 21:5

02:47 Real-Life Story: Robert’s Tax Time Bomb Experience

05:47 Roth Conversions

06:31 Qualified Charitable Distributions

07:21 Diversified Retirement Income Sources

08:00 Strategic about Social Security

08:42 Action Steps To Avoid a Tax Time Bomb in Your Own Retirement #1 Diversify Retirement Savings

08:56 #2 Plan for RMDs Before They're Required

09:37 # 3 Consider Roth Conversions in Lower-Income Years

10:07 # 4 Explore QCDs If You're Charitably Inclined

10:31 #5 Get Professional Help

13:22 Conclusion

Websites Mentioned:

https://www.askralphpodcast.com/roth-ira-conversions/

https://www.askralphpodcast.com/tax-breaks-for-seniors/

What is your question that you would like to ask Ralph? Send Your Question here: https://justaskralph.com/

Join our email list and get a free copy of “Mastering Your Finances” at https://askralph.com/

Schedule an Appointment with Saggio Management Group, Inc.

https://app.acuityscheduling.com/schedule/fabfb9f2/appointment/8258839/calendar/2141336?appointmentTypeIds[]=8258839

TAKE OUR LISTENER SURVEY - YOU COULD WIN $250

LISTEN NOW

WATCH NOW ON YOUTUBE (OUR VIDEO VERSION)

WATCH NOW ON RUMBLE (OUR VIDEO VERSION)

VISIT OUR ASK RALPH SHOW GEAR STORE FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES"

JOIN OUR FACEBOOK INSIDERS GROUP

Please share our Podcast with all your friends and family!

Submit your questions or ideas for future shows - email us at

ralph@askralph.com or leave a voicemail message on our podcast page

Leave A Voicemail Message

Like us on Facebook and follow us on Facebook at

https://www.facebook.com/askralphmedia Twitter (@askralphmedia) or visit www.askralphpodcast.com for more information.

To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to www.askralph.com for more information!

Buy Ralph's Book - Mastering Your Finances! on Amazon

Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journey on Amazon

  continue reading

562 episode

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