Believe it or not, one of the biggest things you can actually control in retirement is your tax

rate. This has nothing to do with controlling what tax rates are as a whole. It is everything to do

with controlling the way you pull income out of your portfolio in retirement. But to do that,

you need to have a good understanding of how are different types of accounts taxed, how are different

income sources taxed, so that you can combine these accounts? You can combine

these withdrawals in a way that's the most tax optimized for you, leading to the lowest possible

tax impact throughout your retirement. So what we're going to do today is we're going to explore

the different types of accounts you can invest in and explain to you the tax impact, not just when you

put money in, but the way that will be taxed in retirement so that you can put money in the right places and ultimately pull money out

from the right places later on in retirement.

This is another episode of Ready for Retirement. I'm your host, James Kanole, and I'm here to teach

you how to get the most of the life with your money. And now, on to the episode.

So let's jump right in. And the first type of an account, probably the one that gets the least

amount of love in some ways is a standard brokerage account. This could be an individual account.

It could be a joint account. It could be a revocable trust account. Anything where it's not a

qualified retirement account. Here's the thing. You don't get any tax benefits for putting money in.

But what people aren't aware of is there is a 0% tax bracket for the gains and the qualified

dividends that you can potentially receive from that account.

Here's how that works.

For 2025, if you are married finally jointly when you file your taxes, if your taxable income is

less than $96,700 than any long-term gain that you realize or any qualified dividend

that you realize up until that threshold is taxed at a 0% tax rate at the federal level.

...