If you are 5 years out from retirement,

@ly5x0k98

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Facetseen in 3 videos →facet.com ↗

Why it worked

The video provides actionable, specific advice on a high-stakes topic (retirement taxes) and offers a clear solution with a direct call to action, making it highly relevant and valuable to its target audience.

Summary

This video explains how to prepare for taxes when retiring in five years. It advises modeling income to avoid Medicare IRMAA penalties, considering Roth conversions, and building tax diversification across different account types.

Structure

1Introduce the topic of tax preparation for retirement.
2Explain the importance of modeling income and avoiding IRMAA spikes.
3Discuss Roth conversions and their five-year rule.
4Highlight the need for tax diversification with pre-tax, Roth, and taxable accounts.
5Introduce Facet as a solution for these financial planning needs.
6

Original caption

Are you 5 years from retirement? 🤔 Start your tax strategy NOW! From income modeling to Roth conversions, learn key steps to save thousands later. Don't let high premiums affect your retirement! Save & discuss your thoughts below! 💰💬 #retirementsavings #financialplanning #taxstrategy #facetad #Rothconversion #Medicare #taxdiversification #retirementplanning

More from @ly5x0k98

Their other posts in the index, biggest breakout first.

Provide a call to action to visit Facet's website.

Product placement

Facet: acts - provides financial planning services to help build Roth strategy, model IRMAA scenarios, and diversify tax buckets. Removing it would change the solution offered in the video. Facet.com/Tyler: appears - a URL shown at the end of the video, likely belonging to Facet.

Call to action

Go to facet.com/Tyler today to see if they can help you model now so you're not handing over thousands in unnecessary taxes and Medicare premiums later.

On-screen text

How to Prepare for Taxes 5 Years Out from Retirement

Transcript

If you are 5 years out from retirement, here's how to prepare taxes now. Number 1, model your income now. Medicare's IRMAA is based on income from two years prior, so a big income spike today, a bonus, stock sale, conversion can cost you an additional $5,000 a year in premiums at 65. Number 2, consider a Roth conversion ladder. Roth conversions have a five year rule before you can access converted dollars penalty free under 59 and a half. So if you're retiring early and want tax free income in your 60s, you would need to start converting now. Number 3, build tax diversification now. If all of your money is in a Traditional 401(k), every dollar you pull will be taxed as ordinary income. That's why retirees need pre-tax, Roth, and taxable accounts. This mix gives you full control over your tax bill instead of letting the IRS dictate it. And if this sounds intimidating or overwhelming, you're not alone. That's where Facet comes in. Their team of CFP Professionals can help you build your Roth strategy, model IRMAA scenarios, and diversify your tax buckets before it's too late. All for one flat annual membership fee. Go to facet.com/Tyler today to see if they can help you model now so you're not handing over thousands in unnecessary taxes and Medicare premiums later.