Could Maxing Your 401(k) Impact Your Retirement Costs? | Data Brief скачать в хорошем качестве

Could Maxing Your 401(k) Impact Your Retirement Costs? | Data Brief

Most people are told to save as much as possible in their 401(k) or other pre-tax retirement accounts. For many, that advice works—but for a surprising number of people, especially high earners and early savers, it can create hidden problems later in life. In this episode of Data Brief, Certified Financial Planner Eli Freeman breaks down the data behind why blindly saving only pre-tax dollars may limit flexibility, increase taxes, and even raise healthcare costs in retirement. Eli covers: 01:10 Why accessing pre-tax accounts before age 59½ can be restrictive 02:47 How this impacts healthcare costs 04:22 Dealing with IRMAA 05:18 Why Required Minimum Distributions (RMDs) can force unnecessary taxable income 06:19 The often-overlooked tax consequences for surviving spouses 07:05 Diversification of accounts 07:48 Carefully maximizing your tax brackets 08:40 How Qualified Charitable Distributions (QCDs) can be a powerful planning tool If you’re planning to retire early, expect to spend more in retirement, or have already built a large pre-tax balance, this video will help you think differently about where you save—not just how much. This is not about avoiding pre-tax accounts entirely. It’s about building a diversified retirement strategy that reduces surprise taxes, protects healthcare subsidies, minimizes Medicare penalties, and gives you more control over your income later in life. This content is for educational purposes only and is not individualized financial advice. Eli references a fellow youtube creator, Ari. Here is his channel for reference: ‪@earlyretirementari‬ (If you ever want to collab, hit us up!) Enjoyed the episode? Don’t forget to: 👍 Like 💬 Comment your questions so Eli can get ideas for future useful videos! 🔔 Subscribe and join our growing online community of everyday investors! #RetirementPlanning #401k #RetirementTaxes #FinancialPlanning #TaxPlanning #EarlyRetirement #WealthStrategy #PersonalFinance #RothConversion #InvestingEducation 🍿 Watch Next: Another Data Brief!    • $100K Working vs  $100K Retired: The Shock...   🎙The Market Moment Podcast! Latest episode...    • Predictions from Last Year and Looking Ahead   We're on Facebook! https://www.facebook.com/profile.php?... Give us a follow on Instagram! @themarketmoment   / themarketmoment   www.instagram.com/themarketmomemt/ ⚠️ Disclosure: The hosts of the Market Moment podcast are employees of Mach 1 Financial Group LLC. Mach 1 is a registered investment advisor located in Rogers, Arkansas. A copy of Mach 1’s current written disclosure brochure is available through the SEC website and at Disclosures.mach1FG.com.