# $10M Retirement: The Tax Mistake High Earners Make

Page: https://stenobird.com/podcast/money-matters-by-allworth-financial-173477/10m-retirement-the-tax-mistake-high-earners-make
Text version: https://stenobird.com/podcast/money-matters-by-allworth-financial-173477/10m-retirement-the-tax-mistake-high-earners-make.md
Podcast: [Money Matters by Allworth Financial](https://stenobird.com/podcast/money-matters-by-allworth-financial-173477)
Published: 2026-06-27T13:00:00+00:00
Episode link: http://podcast.moneymatters.com/e/10m-retirement-the-tax-mistake-high-earners-make/
Audio file: https://mcdn.podbean.com/mf/web/8pbtev8mgd3jukcd/AWMM_2026627_PODCAST_1_1_9tj30.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/money-matters-by-allworth-financial-173477/episodes/10m-retirement-the-tax-mistake-high-earners-make
Duration seconds: 2462

## Resource

Can you support your adult children without derailing your retirement? In this episode of Money Matters, Scott and Pat dive into the financial realities of a caller with a nearly $10M net worth who is spending $75,000 a year to support his adult daughter. They break down the math on his retirement timeline and uncover a common "tax efficiency" mistake that could be costing him significant returns. Also in this episode: The "Shell Game" of State Budgets: How budget constraints in states like California could impact your long-term security. Roth Conversions & Moving States: Why a move from California to Nevada completely changes the math on Roth conversions and RMD management. The "Payroll" Pitfall: The hidden risks of putting family members on your business payroll for tax benefits. Investing "Backwards": Why your 401(k) and brokerage account allocations might be working against each other. Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain. Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/money-matters-by-allworth-financial-173477/episodes/10m-retirement-the-tax-mistake-high-earners-make/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/money-matters-by-allworth-financial-173477/10m-retirement-the-tax-mistake-high-earners-make.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.