Important tax questions that we help you answer to potentially reduce your tax liability:
We'll help you gain tax knowledge.
You may be unknowingly paying higher taxes than necessary because no one has taught you about forward looking tax planning. No one (until now) has educated you on proactive tax planning strategies. We will deliver to you proactive, not reactive, tax planning strategies – both while you are working, and throughout your retirement to help you avoid costly mistakes and minimize tax surprises. Tax Planning Strategies are essential to minimize the tax bite and having your retirement assets last as long as you do and longer.
We will help educate you about the need for a “retirement tax strategy” so you will have the opportunity to pay the lowest rates possible throughout all stages of your retirement. We are not giving you tax advice, that is your CPA’s job. We will help you to understand tax liabilities and other hidden penalties that most do not understand or know.
Everyone deserves a thoughtful financial plan taking into account all of your goals. And now, more so than ever, you need to create a distribution strategy for your retirement outlining tax implications as the most important piece of your strategy. You need to find a withdrawal strategy that minimizes the taxes you pay. The thought previously was to defer taxes at all costs. While this seems to make sense most of the time (who likes paying taxes…), it may not be in your best interest long term. With the government printing an ever endless supply of money, do you really think taxes will be lower for you in the future as your 401k and IRAs continue to grow? The government has a vested interest in your tax qualified accounts (IRAs, 401k’s, SEPPs, 403b, deferred comp, etc.)…the bigger these accounts get the more the government takes.
Everyone’s tax exposure is unique and will change over the years.
Making Your Tax Bracket Work
In today’s economic and ever changing environment, it’s more important than ever to formulate a coordinated, balanced approach to putting together your personalized financial plan.
Social Security is more important to a balanced retirement plan than most people realize. You owe it to yourself to learn the strategies that could potentially add hundreds of thousands of dollars to your Social Security benefits.