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Don’t Overpay in Taxes Through This One Strategy
Manage episode 457258477 series 3561293
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Many people don't fully understand the importance of diversifying their financial assets for tax efficiency. Mike Douglas explains the three types of money: pre-tax, after-tax, and tax-free, and explains how to strategically manage them to avoid overpaying taxes. By blending different types of accounts like 401(k)s, Roth IRAs, and taxable brokerage accounts, retirees can better navigate varying tax rates and maintain a comfortable lifestyle.
Ready to explore your tax strategy in retirement? Visit MichigansRetirementCoach.com to connect with Mike and his team today!
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