In this conversation, Joe discusses the importance of early financial planning and reviews for the end of the year. He emphasizes the benefits of planning early, such as reducing stress and taking advantage of tax and social security strategies. Joe also shares a personal anecdote about his parents starting their Christmas shopping early and highlights the importance of updating and improving financial plans. He offers a free analysis for new clients and invites listeners to attend a workshop on Social Security and retirement income.

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Joe Yocavitch discusses retirement planning and the options for managing a 401k. He explains the pros and cons of leaving the money in a former employer's plan versus rolling it over into an IRA. Joe also highlights the importance of considering taxes in retirement planning, especially with the potential for tax increases in the future. He emphasizes the need for personalized strategies based on individual circumstances and the importance of working with a financial advisor. The conversation concludes with a reminder to focus on preserving wealth and being a resource for clients and their families.

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In this podcast episode, Joe Yocavitch discusses the importance of tax planning and income planning for retirement. He highlights the impact of required minimum distributions (RMDs) on tax brackets and suggests starting the process of Roth conversions to mitigate the tax burden. Joe also emphasizes the need for multi-streams of income and tax-free vehicles to combat inflation and ensure a comfortable retirement. He advises listeners to reach out to a retirement planning professional early on to create a customized plan for their future.

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See omnystudio.com/listener for privacy information.