Sean Mullaney
speaker
1,197 appearances
2 recordings
2 series
first heard Jan 2026
last heard 23 Apr
Sean Mullaney’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Apr 2026 with 1.
Appearances
We live in an era of the 10% tax bracket and the 12% tax bracket.
A married couple, especially in their 60s or 70s, could have well, well over $100,000 of income subject to only a 0% tax bracket, which is essentially what the standard deduction is.
the 10% bracket and the 12% bracket.
So that's sort of yelling and screaming, please spread out income over time.
And that's part of the reason the early retiree has a tax advantage.
He or she is going to have to live off their income over a longer window of time, which generally speaking helps from a tax planning perspective.
Why is that?
Well, for the simple reason that we ought to pay tax when we pay less tax.
And it turns out that for the vast, vast, vast majority of Americans, I would contend even for the vast majority of affluent Americans, it turns out you pay more tax when you're working and you're getting up in the morning to generate taxable income than when you're retired.
And so let's think about that for a second.
You've got that Roth 401k or traditional deductible 401k at work.
You get to deduct into that thing at your highest marginal rate.
Maybe it's 22 percent.
Maybe it's 24 percent.
Maybe it's 32 percent.
So that's an immediate tax break.
benefit of 22 cents on the dollar, 24 cents on the dollar, 32 cents on the dollar.
Okay.
Well, what's that going to look like when it comes back into income later on in your retirement?
Well, you have that run back up the progressive tax brackets.
Showing 1061–1080 of 1,197 · page 54 of 60
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