Business
When you're retired, where will you live? How much will it cost? What insurance will you need? How will your portfolio change? Will you need to update your Will or Trust? As important as these questions are, you can boil retirement planning down to two key factors - cash flow and tax efficiency. Everything you want to do in retirement will either be helped or hindered by your cash flow, and that cash flow will be taxed. If you get these two things right, most everything else falls into place. In this episode, we discuss how to decide when to claim Social Security, well known tax deductions that might be costing you more than you thought, how to supercharge your protected money into an income machine, and why now could be a great time to consider a Roth conversion.