A tax-free retirement at age 70 and beyond can be achieved through proper planning and investment strategies focused on two primary sources: Social Security benefits and Roth IRA Income Annuities. To maximize tax-free Social Security benefits, individuals should consider factors such as earnings history and the timing of claiming benefits. Delaying the receipt of Social Security benefits until age 70 can result in higher monthly payments that remain tax-free if combined income stays below the IRS threshold. Roth IRA Income Annuities can guarantee a steady stream of tax-free income for the life of one or 2 people. By converting a significant portion of retirement savings into a Roth IRA Income Annuity, individuals can ensure that their retirement income remains tax-free as the annuity payments are considered qualified withdrawals from a Roth IRA. Effective planning for a tax-free retirement involves accumulating wealth, minimizing tax liabilities, and utilizing tax-advantaged investment vehicles such as Roth IRAs. Working with a CFP can help optimize retirement strategies and recommend tax-efficient withdrawal plans. Watch the video!
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H E Scheil & Associates doing business as Cardinal Advisors holds an insurance license in all 50 states and DC. Listed below is the license # in each individual state. Alabama 675461, Alaska. 100118081, Arizona. 1800012348, Arkansas 100104794, California 0K32569, Colorado 464622, Connecticut 2463129, Delaware 1119857, DC 2887040, Florida L087124, Georgia 159539, Hawaii 445296, Idaho 507076, Illinois 100333675, Indiana 721739, Iowa. 1002056691, Kansas. 272705345, Kentucky 738674, Louisiana 614407, Maine AGN249408, Maryland 100048542, Massachusetts 2006645, Michigan 0104206, Minnesota 40411912, Mississippi 15016382, Missouri 8325733, Montana 100126008, Nebraska 100224332, Nevada 1007341, New Hampshire 2315847, New Jersey 1557889, New Mexico 1800010640, New York 1382342, North Carolina 1000092550, North Dakota 2000136230, Ohio 1028975, Oklahoma 100190853, Oregon 100237062, Pennsylvania 589318, Rhode Island 2309277, South Carolina 1907911784, South Dakota 10017719, Tennessee 2252224, Texas 1963111, Utah 513447, Vermont 1038574, Virginia 129027, Washington 864498, West Virginia 100107166, Wisconsin 100192273, Wyoming 275179
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By: Cardinal Advisors
Title: 2026 Income and Estate Tax Cut Sunset
Sourced From: www.youtube.com/watch?v=FtfxGfnFx64
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