The state of the US tax code couldn’t be more uncertain. In episode 66 of the YMYW podcast, Joe Anderson, CFP® & Alan Clopine, CPA discuss the presidential candidates’ opposing views on taxes and explain what tax strategies you should take advantage of now before it’s too late. Joe and Al answer some listeners' questions later in the show. Original publish date September 17, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed.
00:00 - Intro
2:37 “When you look at Clinton, her proposals for the most part are adding extra taxes for those that make a lot of money.”
2:57 “Trump wants to lower the tax rates and the highest would be 33% instead of what it is right now -39.6%.”
8:06 “When it comes to your own retirement, trying to conserve your own dollars and pay less taxes is huge, because if you can pay less in taxes then you can live closer to that lifestyle you want to live.”
12:05 “What is the best way to leverage an old ex-employer's 401(k)?”
15:37 “At 70 ½ you have to take a required minimum distribution and if you don’t, it’s a 50% penalty.”
15:54 “Should I retire at 66 or take a low paying job?”
16:49 “A lower-paying job will never hurt you. They will never reduce the benefit, it will help you.”
20:10 “How do I report my estate distribution?”
24:55 “What should I spend first in retirement to minimize high RMDs and avoid return risk?
35:10 “There’s something called smart beta. What’s your take on it?”
