$15 Tax on $130K of Retirement Income? Yes, It’s Possible Without a Roth

In this video, Danny Cieniewicz, CFP from Hyperion Financial, demonstrates how retirees can withdraw $130,000 of income and pay just over $0 in federal income tax by utilizing a smart withdrawal strategy. He walks through three different scenarios involving pre-tax IRA withdrawals, long-term capital gains, and a blended strategy. Danny explains how understanding the tax implications of different types of income sources, including Social Security and Roth conversions, can help maximize tax efficiency in retirement. He emphasizes the importance of tax planning to ensure a sustainable retirement income without running into excessive tax liabilities. 00:00 - Introduction 00:40 - How Ordinary Income is Taxed 01:53 - How Capital Gains are Taxed 02:44 - $130k Income Example 1 04:27 - Example 2 06:19 - Example 3 07:22 - What You Should Be Considering Hyperionfp.com