The Financial Harmonyâ„¢ Podcast
The Financial Harmony Podcast with Dr. Preston Cherry blends strategy and soul for Gen X professionals who want to align their money with their life. Each week, Dr. Cherry, CFP®, Ph.D., and Financial Therapist, shares clear lessons on retirement, investing, and tax planning alongside real conversations about money psychology, behavior, and well-being. You’ll gain insights to reduce financial stress, make confident decisions, and connect your wealth to your well-being. This show helps you invest smarter, spend without guilt, and build wealth that reflects your values, not just your numbers. Join the Financial Harmony™ Membership for deeper education, workshops, and community. Live your wealth, your way.™
The Financial Harmonyâ„¢ Podcast
Most Retirees Are SHOCKED When They Learn This Social Security Tax Trap
🚨$250k+ household income and $500k+ assets...? You’re ready for a personalized plan! Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/
Want confidence that your retirement plan ACTUALLY works? Get it inside my Financial Harmony™ membership ($115/month) 👉 https://www.concurrentfp.com/financial-harmony-membership/
Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard
-
Most Retirees Are SHOCKED When They Learn This Social Security Tax Trap
Up to 85% of your Social Security can be taxed - and it starts at just $32,000 of income for Gen X retirees.
In this video, Dr. Preston Cherry (CFP®, Ph.D., Top 10 Investopedia Advisor) explains how IRMAA, RMDs, and Social Security tax rules can blow up your retirement income plan - unless you coordinate ahead of time.
-
This isn’t just about saving more - it’s about coordinating smarter.
What You’ll Learn in This Video 👇
✅ Why Social Security isn’t tax-free (for high-income Gen Xers)
✅ What IRMAA is — and how it quietly spikes your Medicare premiums
✅ How Required Minimum Distributions (RMDs) trigger a triple tax hit
✅ How to avoid the most common tax traps in early retirement
✅ The 3-step strategy to lower your lifetime tax bill (and stress)
✅ Smart withdrawal sequencing using Roths, brokerage, and QCDs
-
Who Is This Video For?
📌 Gen X professionals (50s - early 60s) preparing for retirement
📌 Households earning $200k+ or holding $500k+ in retirement assets
📌 Couples unaware of IRMAA, RMD, and Social Security tax overlaps
📌 Anyone confused about how retirement income is actually taxed
-
🚨 Gen X, older millennials & pre/early retirees, with $250k+ household income and $500k+ assets... Ready for a personalized plan? Book your FREE retirement readiness call 👉 https://www.concurrentfp.com/
Want clarity & control without $6K+ annual advisor fees? Join my Financial Harmony™ membership for $115/month 👉 https://www.concurrentfp.com/financial-harmony-membership/
Take the Gen X Retirement Readiness Quiz...📊 https://concurrentfp.typeform.com/genx-scorecard
👉 Subscribe for weekly, values-aligned wealth insights: @DrPrestonCherry
-
Keywords linking to this topic:
social security tax trap, IRMAA 2025, taxed social security benefits, high income retirement planning, RMD tax impact, Medicare surcharge, Roth conversion strategy, Gen X retirement planning, Dr. Preston Cherry, financial harmony, retirement tax planning, withdrawal strategy, life money balance, fiduciary flat-fee advisor, concurrent wealth
#SocialSecurityTaxes #IRMAA #RMDstrategy #RetirementPlanning #GenX #TaxTrap #RetireSmart #PrestonCherry #LifeMoneyBalance #FinancialHarmony #FlatFeeFiduciary #TaxSmartRetirement #GenXRetirement #MedicareCosts #RothConversions #WithdrawalStrategy #SmartRetirementPlanning