In this episode, Mike Canet and Ryan Herbert dive into a surprising and frustrating issue: IRS employees owing over $50 million in back taxes and audit fines. The hosts call out the irony of tax collectors not paying their own taxes and suggest targeting federal employees who dodge payments to help fund the IRS's efforts against tax cheats.

The conversation then shifts to a critical topic—retirement planning. With 11 million Americans over 65 still working, Mike and Ryan explain how bad or incomplete financial advice leaves many unprepared. They stress the importance of a solid retirement plan, including income streams you can't outlive and strategies to minimize taxes.

Tune in to learn about the benefits of guaranteed income streams through options like annuities and why working with a financial advisor and tax planner is key to securing your financial future and avoiding the need to return to work.

Chapters
00:00 - IRS Employees Owe Millions in Back Taxes
06:22 - Stop the Cycle: Strategies to Minimize Taxes Legally
09:23 - The Importance of Having a Tax Plan
14:04 - Working with Financial Advisors and Tax Planners
21:29 - Retirement Planning: Avoiding the Need to Go Back to Work
22:55 - The Importance of a Comprehensive Retirement Plan
24:44 - Creating Income Streams That Will Never Be Outlived
28:31 - Transferring the Risk of Running Out of Money
30:25 - Minimizing Taxes in Retirement
42:58 - The Benefits of a Guaranteed Income Stream

Start your tax savings today- schedule a call with us here: 📅 https://bit.ly/3Rq2d9i

If you're a federal employee, click here and get the retirement guidance only those experienced in federal can give 👉 https://prostatisfinancial.com/meeting/

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