Taking Control of Your Taxes in Retirement

Joe and Al take a look at strategies to improve your income and rate of return. Learn where to position certain assets and how they’re taxed. Also covered are alpha (ability to beat the market), beta (risk) and gamma (how you can increase your rates of return). You have much more control over your taxes than you may think. Find out how to take control so you pay fewer taxes during retirement.

3:12 “You could grow your retirement income by 22.6% by employing a handful of simple strategies (Source: Morningstar)

5:46 “If I have a high beta, that means I should anticipate a higher expected return than the overall market, but also know that you’re taking on more risk to get that return”

12:37 “If you’ve saved diligently, if you have money outside of retirement accounts, your investment strategy needs to switch up a little bit, just to get the most tax-efficient income that you possibly can derive”

17:01 “Anytime you’ve got a meaningful loss, you want to sell that position, buy something similar, to create that loss on your return”

22:54 “You want to make sure that you’ve got a combination strategy of where you’re pulling your assets from and how they’re taxed, to keep you in the lowest bracket possible”

29:45 “Alpha is basically the ability to beat the market, to pick the right investment, to pick the right advisor, which is very difficult to do, and beta has to do with risk and that’s going to come about based upon your asset allocation, but gamma has to do with how else can you increase your rate of return by doing some simple things”

36:54 “Your investments should be boring, but there are better ways that you can increase your overall wealth if you just look at the things that you can control”