Episode 79: Karen from Arlington Heights asks: “If Illinois estate tax kicks in at $4 million, how do I avoid getting hit?”

Episode 79: Karen from Arlington Heights asks: “If Illinois estate tax kicks in at $4 million, how do I avoid getting hit?”

Get on our phone calendar at https://TuckerRetirement.com [https://url.us.m.mimecastprotect.com/s/G1szCDkZV9T06yORCZs2TjEB8j?domain=tuckerretirement.com/].   Karen from Arlington Heights thought estate taxes were only a concern for ultra-wealthy families—until she learned about Illinois’ $4 million threshold.    Scott explains why Illinois is different from federal estate tax rules, how quickly families can cross that line, and the planning strategies that may help reduce or eliminate exposure.    If your net worth is anywhere near that level, this is a must-listen to avoid surprises for your heirs.   Watch this podcast on YouTube at https://TuckerYouTube.com [https://url.us.m.mimecastprotect.com/s/RIA6CG6XV5SGy6LVC0ujTBY0m3?domain=tuckeryoutube.com/].

Episode 78: Linda from Northbrook asks: “Are tax rates really going up after 2028—and what should I do now?”

Get on our phone calendar at https://TuckerRetirement.com [https://url.us.m.mimecastprotect.com/s/G1szCDkZV9T06yORCZs2TjEB8j?domain=tuckerretirement.com/].   Linda from Northbrook is hearing a lot about “tax rates going up,” but isn’t sure what that actually means for her retirement plan.    In this episode, Scott breaks down what’s scheduled to change after 2028, why waiting could be costly, and how proactive tax planning—beyond just Roth conversions—can help reduce lifetime tax exposure.    If you’re approaching retirement and wondering whether you should act now or wait, this episode gives you a clear framework to think it through.   Watch this podcast on YouTube at https://TuckerYouTube.com [https://url.us.m.mimecastprotect.com/s/RIA6CG6XV5SGy6LVC0ujTBY0m3?domain=tuckeryoutube.com/].

Episode 77: Sarah from Arlington Heights asks: “How do I make sure I don’t run out of money if the market crashes right after I retire?”

Get on our phone calendar at https://TuckerRetirement.com [https://url.us.m.mimecastprotect.com/s/W09dCyPAvrtkyOWJCRsPTxxagS?domain=tuckerretirement.com/].   Sarah is 65 and about to retire this year.  Her biggest fear is a market downturn early in retirement—the kind that could permanently damage her portfolio if she’s forced to take withdrawals at the wrong time.   She wants to know how to protect against sequence-of-returns risk, whether she should shift more to cash or income-producing assets, and how to build a plan that can weather a major downturn.   Watch this podcast on YouTube at https://TuckerYouTube.com [https://url.us.m.mimecastprotect.com/s/fnPRCADXYPU21poVtMuBTG1T19?domain=tuckeryoutube.com/].

Episode 76: Lisa from Glenview asks: “Are we going to get hit with Illinois estate tax even if we’re under $10 million?”

Get on our phone calendar at https://TuckerRetirement.com [https://url.us.m.mimecastprotect.com/s/W09dCyPAvrtkyOWJCRsPTxxagS?domain=tuckerretirement.com/].   Lisa and her husband have built a net worth of around $6 million and assumed they were “safe” from estate taxes.   After hearing about Illinois’ $4 million threshold, she’s now worried they may owe the state a significant amount.   She wants to understand how the Illinois estate tax actually works, whether it really taxes everything above $4 million, and what planning strategies might help reduce or eliminate that exposure.   Watch this podcast on YouTube at https://TuckerYouTube.com [https://url.us.m.mimecastprotect.com/s/fnPRCADXYPU21poVtMuBTG1T19?domain=tuckeryoutube.com/].

Episode 75: Mary from Park Ridge asks: “Should I convert to a Roth before the tax rates go up?”

Get on our phone calendar at https://TuckerRetirement.com [https://url.us.m.mimecastprotect.com/s/W09dCyPAvrtkyOWJCRsPTxxagS?domain=tuckerretirement.com/].   Mary is 62 and planning to retire in the next few years.   She’s hearing constant talk about rising tax rates and is wondering if now is the time to start converting portions of her IRA to a Roth.   She’s concerned about paying taxes today versus the risk of paying more later—and wants to know how to think through timing, tax brackets, and whether partial conversions make sense.   Watch this podcast on YouTube at https://TuckerYouTube.com [https://url.us.m.mimecastprotect.com/s/fnPRCADXYPU21poVtMuBTG1T19?domain=tuckeryoutube.com/].