Manage episode 279066017 series 2120250
On this week’s episode of the Secure Retirement Podcast, we dive into the third episode in our series on the Florida Retirement System. Today we talk about an important topic that many people choose to avoid— factors to consider while thinking about tax deferral. We also ask the important questions you need answers to before making your final decision.
“We're looking for opportunities to minimize tax. We want to avoid the tax, not evade the tax, because the difference between tax avoidance and tax evasion is about 10 years in prison”, says John.
We chat about taxes and their impact on your retirement, as well as:
- Questions to ask when deferring your taxes
- A brief history of income tax
- How a change in administration could affect your retirement
- Whether or not income tax is really voluntary tax
- And more