Michelle Boyce Discusses The Power of Tax-Free Income
Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-w-michelle-boyce-ricp-vp-w-rosenzweig-financial-services-discussing-the-power-of-tax-free-income/
Michelle Boyce, VP of Rosenzweig Financial Services, to discuss the powerful concept of tax-free income. They explore the definition of tax-free income and its significant benefits, particularly for pre-retirees and retirees. Michelle explains how individuals can strategically plan their retirement income to maximize tax-free growth. By understanding the differences between tax-deferred, taxable, and tax-free income, listeners can gain insight into how to achieve greater financial security in retirement.
Tax-free income can significantly enhance financial security for pre-retirees by enabling them to withdraw precisely the amount they need without incurring additional taxes, thereby preserving more of their wealth for growth. This concept is crucial for individuals approaching retirement, as it directly impacts their financial planning and overall quality of life during their retirement years.
Tax-free income refers to earnings that are not subject to taxation upon withdrawal. This can include funds …