Encore: The Retirement Tax Torpedo
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 2 January 2024
⏱️ 43 minutes
🧾️ Download transcript
Summary
The calculation the IRS uses to determine how you pay taxes on retirement income creates this danger zone where taxes can be SIGNIFICANTLY amplified. And if you fall into this danger zone, you could pay a MUCH higher tax rate on some of your retirement income. In this encore episode, we talk about how you can avoid the pitfall of paying way too much in taxes on that income.
Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.
Contact Devin's team at https://www.carrolladvisory.com/
Contact John's team at https://www.rossandshoalmire.com/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hey everyone, welcome to the big picture retirement show. I'm your host, Devin, and today we're bringing |
| 0:04.4 | you the last of the encore episodes before John and I get into releasing some of this new content |
| 0:10.3 | that we've been working on. But we are ending this with a bang, and today we're going to replay |
| 0:15.9 | our most downloaded episode ever. This is the Retirement Tax tax torpedo. You know, we talk about how |
| 0:25.0 | the calculation that the IRS uses to determine how you pay taxes on retirement income, it creates |
| 0:32.3 | this danger zone where taxes can be substantially amplified. And for individuals who fall into this danger zone, |
| 0:40.4 | their tax rate on some of their retirement income can be much higher. So we talk about how to avoid |
| 0:46.0 | that pitfall and go over some other steps that you can take to reduce taxes in general. So with that, |
| 0:52.9 | let's get right into this episode. |
| 0:57.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. Listeners are |
| 1:01.5 | encouraged to seek out their own advisors in these areas. |
| 1:06.7 | Hey, everyone, welcome to the Big Picture Retirement Show. I'm your host, Devin, joined today by my co-host, |
| 1:12.6 | John Ross. Howdy. |
| 1:18.2 | John, taxes are something that you and I work with every day. Every day. In your line of work, |
| 1:24.7 | it's critically important. And in my line of work, retirement, financial planning, it's something that I see people don't pay enough attention to. |
| 1:31.3 | Right. |
| 1:31.5 | They're watching their investment returns. |
| 1:32.9 | Sure. |
| 1:33.2 | They're watching their investment expense. |
| 1:35.6 | And they're often ignoring their taxes. |
| 1:38.5 | Are you surprised by the lack of tax knowledge of your fellow financial advisors? |
| 1:47.8 | Florida. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Devin Carroll, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Devin Carroll and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

