Welcome to a new week here on the Retirement Quick Tips podcast! I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor and I’m using my 15 years of experience as a financial advisor to help you gain clarity and make a plan for the retirement you envision.

On this podcast, I cover everything from investing, to retirement spending, to taxes in retirement in just a few minutes each day, so if you’re 5-10 years on either side of retirement, and looking for some daily doses of retirement planning wisdom, stick around this week as I talk about Maximizing Net After Tax Returns In Your Investment Portfolio

The genius Albert Einstein once said "The hardest thing in the world to understand is the income tax." If he doesn’t understand taxes, it should make you and I feel a bit better. 

When it comes to taxes on your investments, taxes should never be the primary driver behind investment decisions. In other words, as I tell clients frequently, you should never let the tax tail wag the dog. 

Yet, taxes are still a very important consideration with where and how you invest, and how you prioritize savings among different types of accounts like your 401k, Roth, and taxable accounts, all of which are taxed in very different ways. 

If you fail to consider taxes, it’s easy to leave 2% or more a year in returns on the table, which over a lifetime of investing can easily add up to hundreds of thousands of dollars that you could have otherwise have saved for retirement, had you been more tax savvy. 

So this week, I’ll talk about 

That’s it for today. Thanks for listening! Come on back tomorrow…where I’ll talk about…

My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

 

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance