In episode 78 of Accessible Finance, we tackle the challenge of managing tax risks in pre-tax accounts like 401(k)s and traditional IRAs. Eric and Rachel discuss the importance of considering future tax brackets and RMDs (Required Minimum Distributions) while planning your retirement. Learn about strategies like Roth conversion ladders to mitigate hefty tax bills, the significance of filling the lower tax brackets, and how delaying certain income streams like Social Security can be beneficial. If you're sitting on a mountain of pre-tax savings or want a personalized tax strategy, this episode will guide you through optimizing your tax planning for a comfortable retirement.

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00:00 Introduction to Episode 78

00:12 Concerns About Retirement Taxes

01:23 Understanding Roth Conversion Ladder

02:26 Tax Planning Strategies

03:28 The Impact of RMDs

06:36 Qualified Charitable Distributions (QCDs)

08:02 Workplace 401k and Financial Planning

09:41 Reducing Future Taxes

10:29 Understanding RMD Percentages

11:34 Tax Implications of Withdrawals

12:01 Planning for Higher Tax Brackets

12:59 Roth Conversion Strategies

14:41 The Importance of Diversification

16:22 Long-Term Financial Planning

17:14 Working with Advisors and Planners

18:51 Avoiding Common Financial Pitfalls

21:06 Final Takeaways and Contact Information