Your Retirement Tax Time Bomb Is Ticking Louder (SB1543)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 8 July 2024
⏱️ 60 minutes
🧾️ Download transcript
Summary
What do you do to diffuse the retirement time bomb? The government has a plan, and you won't like it. Joe was the emcee recently for maybe the biggest name in tax planning -- Ed Slott -- and his book launch event. We're replaying as our mentor segment today Joe's interview with Ed from that event because there are so many "a-ha" moments and good direction toward ensuring that your tax time bomb doesn't go off all over your retirement.
In our headline, we talk about interest rates and the financial markets. How do you avoid chasing interest rates and instead focus on the big picture? Doug and OG dive into this topic. Plus, we take a call from Nicole, who wonders about her husband's stock options. We talk options, restricted shares, and planning. How do you ensure that you don't overpay taxes on these incentives but at the same time don't end up holding on to worthless options or with an underdiversified portfolio. This type of planning can be messy, so today we help you unwind it all.
Of course, Doug shares his trivia and much, much more!
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Transcript
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| 0:00.0 | Doug, did you press all the right buttons? |
| 0:01.9 | Oh, I've pressed several buttons, some you can't even see. |
| 0:04.7 | And one of those buttons has got me fired up for a Monday in America. |
| 0:09.7 | What are you drinking this morning, OG? |
| 0:11.7 | Oh, uh, coffee? |
| 0:15.1 | Question mark. |
| 0:16.1 | It's in a coffee cup. |
| 0:17.8 | So everything's coffee. |
| 0:19.7 | It is summer. |
| 0:21.1 | Since it's in a coffee cup, is it not coffee? |
| 0:24.3 | Actually, it is coffee today. |
| 0:25.5 | Is it? |
| 0:25.8 | I'm on a non-drinking kick, so I'm drinking coffee. |
| 0:28.9 | Good for you. |
| 0:29.7 | Good for you. |
| 0:30.7 | I have, as you can tell, I have completed my intake of caffeine for the morning. |
| 0:35.7 | I have no more left. I drank most of a pot the morning. I have no more left. |
| 0:38.1 | I drank most of a pot this morning because I was up extra, extra early. Thank you, dogs. |
| 0:44.8 | And I'm ready to go. But you know what we need to do before we dive in is thank the men and |
| 0:50.3 | women on behalf of Navy Federal Credit Union who are serving in our armed forces, |
| 0:56.9 | keeping us safe and ready to have a great week. |
| 1:00.2 | What say you? |
... |
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