Divorce the IRS: Defusing the Tax Time Bombs Hidden in Your Freedom Plan with Jimmy Miller

That tax deduction you took wasn't a gift. It was a loan from the IRS, and the bill is coming due.

Daniel sits down with Jimmy Miller, fiduciary financial advisor, founder of Baobab Wealth Abroad, and author of Divorce the IRS, to expose the tax time bombs ticking inside tax-deferred retirement accounts. They break down the myth of the lower tax bracket in retirement, why a Roth conversion works like refinancing a mortgage, the four account buckets every freedom plan needs, and the tax surprises waiting for anyone dreaming of retiring abroad, where some countries tax a Roth like a regular brokerage account.

Chapters:
00:00 — A Loan From the IRS
01:47 — The Taxation Time Bomb
03:56 — A Loan With Terrible Terms
05:21 — Eight Bombs & the Wet Snowball
07:18 — The Myth of the Lower Tax Bracket
09:27 — Provisional Income Wake-Up Calls
10:22 — The Opportunity FIRE Savers Miss
13:53 — Roth Conversions: Refinancing Your IRA
15:00 — Finding Your Ideal Pre-Tax Number
16:29 — Geographic Arbitrage: Taxes Follow You
18:00 — Expat Tax Breaks: FEIE & Foreign Tax Credit
20:39 — Tax Treaties & the Roth Trap in Europe
22:07 — The Four-Bucket Baseline & Pro-Rata Rule
24:00 — Tax Bracket Management & Lifetime Planning
27:12 — Legacy: Charity, Kids & the 10-Year Rule
29:10 — Jimmy's Final Advice & Baobab
31:24 — Daniel's Takeaways

Escape The Clock Resources:
📖 The Book — https://escapetheclock.com/book
⬇️ The Planner — https://escapetheclock.com/toolkit
🎙️ The Podcast — https://escapetheclock.com/podcast
🤝 1:1 Help — https://escapetheclock.com/schedule
✉️ Free Weekly Insights — https://escapetheclock.com/subscribe

Episode References & Resources:
ℹ️ Americans hold $33T+ in IRAs and workplace retirement plans — Investment Company Institute (2026) https://www.ici.org/statistical-report/ret_25_q4

ℹ️ Only 3 in 10 Americans have a plan to minimize taxes on retirement savings — Northwestern Mutual (2024) https://news.northwesternmutual.com/planning-and-progress-study-2024

ℹ️ RMDs from pre-tax accounts begin at age 73 — IRS (2025) https://www.irs.gov/retirement-plans/retirement-plan-and-ira-required-minimum-distributions-faqs

ℹ️ Up to 85% of Social Security benefits can be taxable — SSA (2025) https://www.ssa.gov/benefits/retirement/planner/taxes.html

ℹ️ Foreign Earned Income Exclusion: $130,000 for 2025 — IRS (2025) https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion

ℹ️ 5.5 million Americans estimated living abroad — AARO (2024) https://aaro.org/living-abroad/how-many-americans-live-abroad

ℹ️ Inherited IRA 10-year rule for most non-spouse beneficiaries — IRS (2025) https://www.irs.gov/retirement-plans/retirement-topics-beneficiary

Connect with Jimmy:
* Website — https://baobabwealth.com/
* YouTube — https://www.youtube.com/@baobabwealth/
* LinkedIn — https://www.linkedin.com/company/baobabwealthmanagement

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This information is for educational purposes only and not financial advice.
Consult a qualified professional for personalized guidance.

#financialfreedom #EarlyRetirement #EscapeTheClock #TaxPlanning #RothConversion #FIRE #RetireAbroad #DivorceTheIRS

Видео Divorce the IRS: Defusing the Tax Time Bombs Hidden in Your Freedom Plan with Jimmy Miller канала Escape The Clock