Will You Have Tax-Advantaged Buckets in Retirement?

You’ll likely have several sources of income in retirement that can be taxed, such as IRA distributions and Social Security benefits. But, do you have any after-tax “buckets” that you can use strategically in retirement to help reduce your tax bill? There may be a few options available to you, so know how they work. [...]

By |2022-06-06T12:16:39+00:00June 6th, 2022|Retirement Income, Tax Planning|0 Comments

Three Unexpected Taxes in Retirement

When we think of major retirement expenses, we often consider housing, healthcare, and that trip of a lifetime we’ve been dreaming about for years. But, we often fail to consider what could potentially be our biggest expense – taxes. Many of your sources of income in retirement are taxable, so don’t overlook these three unexpected [...]

By |2022-05-10T12:57:01+00:00May 10th, 2022|Retirement Planning, Tax Planning|0 Comments

3 Important Tax Questions to Answer This Year

As we approach Tax Day, you may be gathering your important documents and preparing to file or file for an extension. Once you have everything sorted out, it’s important to consider how your tax situation could change as you near and enter retirement. Here are three important tax questions to answer this year. Why May [...]

By |2022-04-04T14:11:05+00:00April 4th, 2022|Tax Planning, Taxes|0 Comments

Estimating Your Tax Burden in Retirement

Taxes could be one of your biggest expenses in retirement. But once you have an estimate for your tax burden in retirement, you can consider ways to minimize it. The first step towards creating a tax minimization strategy in retirement is looking at how your different sources of income will be taxed. Pensions If you [...]

By |2022-03-28T13:44:38+00:00March 28th, 2022|Tax Planning|0 Comments

Three Birthday Milestones That Could Change Your Tax Situation

When we think of milestone birthdays, we often think of ones that are already behind us – like 18 and 30. But there are plenty of important birthdays ahead of you, especially as you near and enter retirement. Starting at age 50, several birthdays are critical to acknowledge because they can have implications for your [...]

By |2022-03-14T11:59:19+00:00March 14th, 2022|Tax Planning|0 Comments

Don’t Forget About Your Tax Bill

Before you know it, Tax Day will be here, so it’s best to start getting ready now. Beyond your tax bill this year, don’t forget about your tax bill in the future, even in retirement. Taxes don’t stop when you stop receiving a paycheck, and they could be one of your biggest expenses in retirement. [...]

By |2022-02-22T01:58:09+00:00February 22nd, 2022|Tax Planning, Taxes|0 Comments

What is a Roth Conversion and Should You Do It?

When you think of your major expenses, you might think of housing, healthcare, travel, or something else. But have you considered that taxes could be your biggest expense, even in retirement? There could be ways to reduce your tax burden today and tomorrow, including a Roth IRA conversion. What is Roth IRA vs. a Traditional [...]

By |2021-11-08T13:24:16+00:00November 8th, 2021|Retirement Income, Tax Planning|0 Comments

Major Changes That Could Happen During Your Retirement

Do you ever feel like you live in a completely different world than you did 20 years ago? It’s worth thinking about how different it will be in another 20 years. Beyond cultural and personal changes, we could see major economic changes that could affect us in retirement. It’s always worth knowing what’s going on [...]

By |2021-10-04T11:57:59+00:00October 4th, 2021|Economy, Retirement Planning, Tax Planning|0 Comments
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