What's the Tax Triangle and How to Find Out if Yours is Lopsided - 544
Your Money, Your Wealth
Your Money, Your Wealth
2.3 • 681 Ratings
🗓️ 26 August 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
You’ve heard Joe and Big Al talk about the benefits of tax diversification in retirement. That is, having money in tax-deferred, tax-free, and taxable accounts. But what should you do if this tax triangle of yours is lopsided? Joe and our special guest co-host, Marc Horner, CFP®, spitball on this quandary for Rae and Roy in Central California, today on Your Money, Your Wealth® podcast number 544. Plus, do Rae or Roy need to get a part-time job? Also, "Elwood Blues" in Illinois would like to retire in two years, but is willing to go for 3 more to make his retirement plan work. Joe and Marc spitball on when "Elwood" can really put down that harmonica.
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Timestamps:
00:00 - Intro: This Week on the YMYW Podcast with Joe Anderson, CFP® and Marc Horner, CFP®
00:49 - Our Tax Triangle is Lopsided. Should One of Us Get a Part-Time Job? (Rae and Roy, Central CA)
12:03 - Watch 15 Maneuvers to Duck an Unplanned Early Retirement Knockout, Calculate your Financial Blueprint, Schedule a Financial Assessment
13:11 - I'd Like to Retire in 2 Years. Willing to Work 3 More to Make it Work (Elwood Blues, IL)
27:10 - Next Week on YMYW Podcast: The One Big Beautiful Bill + More
27:40 - YMYW Podcast Outro
Transcript
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| 0:00.0 | You've heard Joe and Big Al talk about the benefits of tax diversification in retirement. |
| 0:05.0 | That is, having money in tax deferred, tax-free, and taxable accounts. |
| 0:09.0 | But what should you do if this tax triangle of yours is lopsided? |
| 0:13.0 | Joe and our special guest co-host, Mark Horner, CFP, spitball on this quandary for Ray and Roy in Central California. |
| 0:20.0 | Today on Your Money, Your Wealth Podcast number 544. |
| 0:24.2 | Plus, do Ray or Roy need to get a part-time job? |
| 0:27.5 | Also, Elwood Blues in Illinois would like to retire in two years, |
| 0:31.4 | but is willing to go for three more to make this retirement plan work. |
| 0:35.1 | Joe and Mark Spitball on when Elwood can really put down that harmonica. |
| 0:38.6 | I'm executive producer Andy Last and here are the hosts of Your Money, Your Wealth, Joe Anderson, |
| 0:43.8 | CFP, and sitting in for Big Al Clopine CPA, Mark Horner, CFP. Ray and Roy, let's go here. Howdy Joe, |
| 0:50.7 | L, Andy? Andy. I'm Ray. |
| 0:55.5 | And my husband's Roy. |
| 0:57.7 | That's cute. |
| 0:58.8 | Little Ray and Roy. |
| 1:00.6 | We drive an old Toyota forerunner when we're exploring off-road and have recently purchased a Mazda hybrid for our daily trips to town. |
| 1:09.8 | We like a little scotch or bourbon on the rocks when the weekend hits. |
| 1:14.5 | We enjoy looking at the stars around the fire pit. |
| 1:17.6 | Oh, Ray and Roy, you are so... |
| 1:19.6 | Lovely. Lovely. |
| 1:21.3 | Beautiful. |
| 1:23.3 | Central California is our home. |
... |
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