From Accumulation to Distribution: Rethinking Retirement Finances

Roadmap to Retirement by Thrive Financial Services

Episode 203: David Bezar kicks off this episode with a recap of last week's much-talked-about Social Security-focused session, where listeners poured in texts, benefiting from the white paper we shared. The massive engagement confirmed our belief in the positive impact we were making. Taking a cue from that, today's show presents another 'not-to-miss' playbook — "Thrive Retirement Tax Playbook: Important Tax Strategies for Retirees." Our 2023 edition, packed with 20 pages of critical information. Text the word 'tax plan' to 215-999-3272 to get your hands on it! 📖 Why focus on tax? As David aptly mentions, while the tax is a necessary 'evil' funding vital community services, nobody enjoys paying more than they owe. The surprising fact? Taxes haunt you even in retirement! A shift from the accumulation phase (gathering and growing assets) of working years to the distribution phase in retirement demands a unique strategy. Our hosts, David, Bret and Joe deep-dive into this change in mindset. The conversation moves from simple tax planning to understanding the distribution strategy, ensuring you're maximizing your benefits without paying unnecessary taxes. Whether you're approaching retirement or are already enjoying your golden years, it's never too late to optimize your tax strategy. If you've not started yet, remember — the best time was yesterday; the next best time is NOW! Tune in for an engaging, informative session, and let's demystify the tax maze together.🎧