Freedom Formula for Physicians Podcast

Retirement planning is an extremely important part of any financial plan. Your retirement accounts will likely make up a large portion of your wealth, so you want to make sure that they're set up in the best possible way. Today, we'll take a look at why retirement tax planning is so critical, and how it affects you and your family's financial future. In addition, I will tackle some of the most common mistakes made by people in their early years of retirement, and how to avoid them! In this episode, you will discover… A comparison of Roth IRAs and Traditional IRAs Determine the cost of your retirement Strategy on which asset to tap first Understanding taxes and retirement Social security earning limit What is the IRMAA cliff? Learn about Medicare's unique rules and penalties How and when to use Taxable, Tax-Deferred, and Tax-Rate Assets Resources Mentioned in this Podcast: Contact Dave for a free 30mins strategy session: ‪(612) 284-2409 Email: assistant@daviddenniston.com For all the show notes, and more, ch