@adamolson5785
adam.olson@mutualofomaha.com
www.adamolson.biz
TIMESTAMPS -
(00:00) - Introduction and Overview
(00:48) - Importance of Strategic Withdrawals
(02:24) - Mixing Traditional and Roth Accounts
(03:45) - Strategic Charitable Donations
(05:01) - Utilizing HSA Accounts
(06:12) - Permanent Life Insurance and Annuities
(07:28)- Roth Conversions Before RMDs
(08:42) - Qualified Charitable Distributions (QCDs)
(09:56) - Contributions to HSAs and 529 Plans
(11:06) - Using Basis of Cash Value Life Insurance
(12:18) - Qualified Longevity Annuity Contracts (QLACs)
(13:50) - Summary of Key Points
(14:26) - Conclusion and Call to Action
Welcome back to The Money Mastery Unleashed podcast with your host, Adam Olson. In today's episode, we're diving into "10 Things You Need to Know to Live a Tax-Advantaged Retirement." Drawing from over 13 years of experience as a financial planner and the latest insights from a 2024 Northwestern Mutual survey, Adam highlights essential strategies to minimize taxes on your retirement savings. Learn how to strategically withdraw from Traditional and Roth accounts, make the most of HSAs and 529 plans, and utilize charitable donations to lower your taxable income. Adam emphasizes the importance of blending distributions to maintain a lower tax bracket and explores the benefits of Roth conversions before Required Minimum Distributions (RMDs) kick in. Additionally, discover how to leverage permanent life insurance and annuities for tax-free income and ensure a financially secure retirement. Tune in to uncover these vital tips and transform your retirement planning.
"Use a mix of Traditional and Roth retirement accounts to blend your distributions and minimize taxes over time."
What you will learn:
Traditional and Roth Accounts
Charitable Donations
Permanent Life Insurance and Annuities
Tax-Advantaged Accounts
Learn more about Adam Olson by visiting the following links:
Facebook
Personal Website
Business Website
#TaxAdvantagedRetirement #RetirementPlanning #LowerYourTaxes #TaxStrategy #FinancialFreedom #RetirementIncome #RothIRA #TaxEfficient #CharitableGiving #HSABenefits #RetirementSavings #TaxFreeIncome #RMDPlanning #RothConversion #TaxTips #FinancialPlanning #RetirementGoals #InvestSmart #WealthManagement #TaxAdvantage
Investing involves risk, including loss of principal.
Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone.
Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein.
This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product.
Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.
