As a financial advisor, part of my job is working with clients to try and help minimize and mitigate the tax ramifications associated with their decisions. One of the most important is making tax-efficient withdrawals from their retirement funds.
There are three main ideas involved with tax-efficient withdrawals from retirement funds.
Flexible spending accounts can be a helpful financial tool. There are three things you should know to make the best use of yours.
Retiring with $2 million is a great goal to strive for. While it’s certainly a good amount of money, how far it will go depends on a few things.
When you’re approaching retirement and thinking about retirement planning, how much money you have is a crucial factor. A plan to retire with $5 million directly impacts the type of retirement you can have and how you should think about achieving it.
Have a championship financial season every year by building a winning financial team. A few key players can help you stay on top of your financial game.
Is it possible to save on taxes in retirement? Yes, with non-qualified assets. Review this case study to see how.
No one wants to have surprise taxes, especially at this time of year. Be aware of how you might incur them and give yourself the gift of avoiding them.
Healthcare costs are repeatedly a top concern for those near and in retirement. How much will it cost and how do you pay for it?
How much will I pay in taxes in retirement?
David and I met the other day to discuss his financial situation. He recently got a promotion at work. On top of this he has a beautiful new baby daughter. His wife decided to stay home to help with the early years of raising their daughter. Naturally, a part of the conversation was how much…
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