Is retirement just around the corner? Do you have a plan for drawing income while minimizing taxes?
In this final segment, Steve and Kevin discuss important considerations for those nearing retirement. They emphasize the need for a retirement budget that aligns intentions with actions and accounts for changes in spending. They also highlight the importance of simplifying finances by consolidating accounts and assets. The conversation then delves into the strategies of sourcing income from guaranteed streams like Social Security and Pensions, as well as the power of Roth conversions to save on taxes and maximize investment growth.