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-repor... ℹ️ Only 3 in 10 Americans have a plan to minimize taxes on retirement savings — Northwestern Mutual (2024) https://news.northwesternmutual.com/p... ℹ️ RMDs from pre-tax accounts begin at age 73 — IRS (2025) https://www.irs.gov/retirement-plans/... ℹ️ Up to 85% of Social Security benefits can be taxable — SSA (2025) https://www.ssa.gov/benefits/retireme... ℹ️ Foreign Earned Income Exclusion: $130,000 for 2025 — IRS (2025) https://www.irs.gov/individuals/inter... ℹ️ 5.5 million Americans estimated living abroad — AARO (2024) https://aaro.org/living-abroad/how-ma... ℹ️ Inherited IRA 10-year rule for most non-spouse beneficiaries — IRS (2025) https://www.irs.gov/retirement-plans/... Connect with Jimmy: Website — https://baobabwealth.com/ YouTube —    / @baobabwealth   LinkedIn —   / baobabwealthmanagement   Support the podcast: Leave a rating & review. Share this episode with others. Join the newsletter at https://escapetheclock.com/subscribe 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