Your Money, Your Wealth

Big Al Clopine, CPA and Joe Anderson, CFP® share more ways to create tax-free income and savings in retirement in episode 22 of the YMYW podcast. Find out how the recent Social Security changes in 2016 affect your taxes and what other taxes in retirement you might encounter. Original publish date April 16, 2016 (hour 2). Note that content may be outdated as rules and regulations have changed.  00:00 - Intro 01:14 “Now that you have your claiming strategy dialed in, have you thought about what the taxation will be on your Social Security? It will depend on a few things” 05:03 “You want to be looking at Roth conversions because if you can prepay some taxes while you’re in lower or even similar tax brackets, you can stay out of higher taxation later” 09:02 “It’s all about putting yourself in the driver’s seat when it comes to taxes. I would say the majority of folks don’t give it much thought; at this time of the year they just pay their taxes and think that’s the best they can do” 14:40 “Did you know that if yo