Taxes on a $3M Retirement Portfolio: What You'll Actually Owe Each Year
About this episode
James discusses the tax implications of a $3 million retirement portfolio and how different account types can lead to varying tax bills for retirees.
Most people assume retirement taxes are based on how much they withdraw. The real problem is what the IRS eventually forces them to withdraw. In this episode, James walks through what taxes can actually look like on a $3 million retirement portfolio and why two retirees with the exact same amount saved can end up with completely different tax bills. The difference is not the portfolio size. It is where the money lives. Traditional IRAs, Roth accounts, brokerage accounts, Social Security, an...
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