6 Ways to Lower Lifetime Taxes If You Have a Pension

Описание: Every tax season, the same question comes in: is there anything I can do to lower my taxes this year? The answer is almost always no because real tax savings come from planning ahead, not reacting now.

Cole walks through six strategies designed specifically for pension holders who have been told their whole careers to simply max out pre-tax accounts. The problem is, for many of these individuals, retirement income can equal or even exceed what they earned while working, which means all that deferred tax debt is still waiting.

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Timestamps:
00:00 – Why You Can't Fix Taxes This Year
01:00 – Strategy 1: Know Where You Stand
03:05 – Strategy 2: Utilize Tax Buckets
04:03 – Strategy 3: Using the 457b the Right Way
05:26 – Strategy 4: Roth Conversions Done Right
06:50 – Strategy 5: Understanding IRMAA
08:34 – Strategy 6: HSAs & Charitable Giving

Disclaimer: Because we are not familiar with your individual circumstances, the information provided here should not be considered tax, legal, insurance, or financial advice, and it may be outdated or contain inaccuracies. While this information is drawn from sources considered reliable, we cannot guarantee its accuracy. This material is intended solely for educational purposes. For professional guidance, please consult a qualified CPA, attorney, insurance agent, financial advisor, or other appropriate specialist relevant to your needs. All investments carry risk, including possible loss of principal. The information presented here does not constitute personalized investment advice or a solicitation to buy or sell any security, insurance product, or other investment vehicle.