Tax planning for retirement

We understand that tax planning changes throughout retirement and that taxation isn’t as simple as a mere tax bracket. You need a trusted guide that helps you avoid retirement surprises such as inflation, longevity, expenses and health care.

We understand why you need to see what your “after-tax” retirement savings picture will look like. Some examples of the concerns we can address include but are not limited to the following:

  • The impact of taxes on Social Security and Medicare
  • Planning when to tap different retirement accounts, so you don't overpay taxes
  • Avoiding mistakes when it comes to your investment portfolio, health care, and estate
  • Exploring why making several years of charitable donations at one time may make sense
  • Understanding why paying off your mortgage may be smarter than ever
  • Explaining the Social Security “Tax Trap” and how you can avoid it
  • Why tapping assets in the wrong order can trigger higher Medicare premiums
  • IRA challenges and essential considerations for rollovers

During your meetings, we may consider how to use your health savings account and use it wisely, charitable planning under the new tax law, Roth conversions and how to fill the tax bracket. We will also discuss a retirement strategy that will help you appropriately draw down your assets.

If you want to learn more about financial planning for the four stages of retirement − pre, early, middle, and late − we invite you to schedule your first appointment.