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Joe Murphy discusses the taxation of various sources of income in retirement.
Manage episode 402563057 series 2977845
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In this episode, Joe Murphy discusses the taxation of various sources of income in retirement. He debunks the misconception that there are no taxes in retirement and highlights the importance of tax planning. Joe explains how Social Security benefits, pensions, interest-bearing accounts, dividends, and retirement accounts are taxed. He also emphasizes the tax benefits of life insurance proceeds and provides insights into the taxation of annuities and home sales. Additionally, Joe encourages listeners to create a bucket list and shares the significance of incorporating personal growth goals into retirement planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.
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1. Joe Murphy discusses the taxation of various sources of income in retirement. (00:00:00)
2. TEASE BEGINS HERE (NOT DURING SOUND EFFECT) (00:00:01)
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