Lifetime Income Series: Tax Preference Investing

This week Jim and John focus on saving taxes on your investment income. They illustrate how using tax preference investing can make a difference in how much you end up with at retirement and the lifestyle you will be able to afford. They begin with a discussion on tax brackets, and why you will need to know your marginal tax bracket, not only at the Federal and State level, but you also have an Obamacare investment surtax that can increase depending on your income. Jim then makes the distinction between short and long term capital gains, and how short-term gains from trading will get taxed at very high rates for high income earners. They discuss a number of strategies to reduce taxable income and show how they work through a case study. The guest this week is Dr. David Bush, Professor of Radiation Medicine and Vice Chairman of Clinical Research for the Department of Radiation Medicine at Loma Linda University Medical Center. Dr. Bush discusses his work with proton beam therapy in the treatment of breast cancer.

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