This conversation explores how retirement income is taxed and the impact it has on individuals. It covers topics such as tax-deferred retirement accounts, Roth IRAs, taxation of Social Security benefits, pensions, and annuities. The importance of diversification and finding the right financial advisor is emphasized. The conversation also discusses the realities of living longer, market volatility, interest rates, and retirement fees and penalties. Strategies for Social Security claiming are explored, highlighting the need for comprehensive financial planning and understanding the implications of early enrollment and required minimum distributions. Overall, the conversation provides valuable insights and advice for individuals planning for retirement. Call (877) 807-1977 or visit RAM Wealth Strategies to learn more.See omnystudio.com/listener for privacy information.