Home RECENT RADIO SHOWS There is a Season for Harvest, Tax Free

There is a Season for Harvest, Tax Free

In Ecclesiastes, it says “ To everything there is a season.” Retirement is a season in life that is full of change, including your taxes.

Taxes are different in retirement; there is Social Security, Medicare, IRA withdrawals, and for some, work income.  Prosperity can come in your season of retirement from not having the tax burden you had while you were working. The only way to reach this prosperity though is to plan for it before this season hits.


Hans discusses a client who retired when he was 73 years old. After retiring, he started to withdraw money out of his traditional IRA to live off of. In a short amount of years, his over $500,000 IRA became an $80,000 IRA. These withdrawals, combined with his other income, meant that he paid taxes on all his income. This is when he sought Hans’ help; he needed money to live off of for the rest of his life. Hans was able to look at his budget and get him the money he needed to live, tax free. The IRA is now there for this client to make charitable donations out of, using a QCD.


It is important to note though, for everyone, tax free isn’t the way to go. It is very important to look at your specific situation. It can be achieved much easier if you begin planning in your 40’s, 50’s, or even 60’s.  


Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free!

Finishing Wellhttps://www.cardinalguide.com/finishing-well/
Retirement planning involves a lot more than just managing your money. This show is the complete guide to planning for and living in retirement, helping families finish well. Host Hans Scheil will discuss a new topic every week ranging from Social Security and Medicare to IRAs and taxes. Follow along each week by downloading the corresponding chapters below for free! New episodes air: Finishing Well Schedule on Truth Network
- Advertisment -

Recent Posts

Micro-Faith and Mountainous Obstacles, Part 2

The King's Ministry: A Study of Matthew 14–20

The Refreshing Power Of The Word Of God – 8am

Did you know success or failure in the Christian life depends on how much of God’s Word you get into your life on a...

The Refreshing Power of the Word of God | Sunday Message

For believers, there is no greater authority and foundation than the Bible. And in this Sunday message, Pastor Greg Laurie informs us that our...

Resting While You Work – Part 1 of 2

“Now Joshua was old and stricken in years; and the Lord said unto him, Thou art old and stricken in years, and there remaineth yet very much land to be possessed” (Joshua 13:1).

14. The Gospel in the Mountains | Week 1 | Discover the Word

How do you view mountains? Do you see them as majestic? Intimidating? Beautiful? Dangerous?  No matter how we might view them, numerous significant biblical events happened on mountains. What are some of these important and dramatic moments, and...

14. The Gospel in the Mountains | Week 1 | Discover the Word

How do you view mountains? Do you see them as majestic? Intimidating? Beautiful? Dangerous? No matter how we might view them, numerous significant...

Who Needs Your Support? | Audio Reading | Our Daily Bread Devotional | August 1, 2021

Helping you connect with God. Every day. Every way. Read along with today’s devotional: https://odb.org/US/2021/08/01/who-needs-your-support Want to get Our Daily Bread’s...

Brad Silverman and Martin Bennett

Guest host Ann Ault is joined by filmmaker Brad Silverman and author Martin Bennett.

Take Care of Your Car, Body, Mind, and Soul

Jerry Mattis, AKA, The Christian Mechanic, is joined by his good friend is Christ, Bob Young to discuss how caring for your car is similar to caring for your soul.
%d bloggers like this: