If you've been a diligent saver over the course of your career, then one of the best things

you can do to increase the value of your portfolio is implement the right tax strategy.

Now, while this seems simple enough, there's no one-size-fits-all tax strategy, so this can

create a lot of confusion. What we're going to do on today's podcast is walk through a specific

example to show when and how certain tax strategies should be implemented.

This is another episode of Ready for Retirement. I'm your host, James Connell, and I'm here

to teach you how to get the most of the life with your money. And now, on to the episode.

In today's episode, we're going to go through a bit of a case study, taking a look at someone's actual situation to see should a particular tax strategy be used.

And if so, or if not, what's the reason behind that?

So today's episode is based upon a question.

And this question comes from Odallis.

In Odellus says this.

She says, hi, James, I'm loving your podcasts.

They're just geeky enough for me.

I'm an MD.

I'm 62 years old, and I've negotiated a salary of $150,000 per year in exchange for more time off.

I will work until I'm 65 when I can get onto Medicare.

And I have estimated expenses of $100,000 per

year, which is generous enough for two to three big trips a year. Here's a breakdown of my assets.

I have $650,000 in a brokerage account. I have $500,000 in fixed annuities. I have $650,000 in a

traditional IRA and $400,000 in a Roth IRA.

My Social Security income will be $40,000 per year when I collect at age 67, and I anticipate

...