Are You Paying Too Much Taxes In Retirement?
Are You Paying Too Much Taxes In Retirement?
While most of us understand the necessity of taxes, we want to do all we can to ensure that Uncle Sam is taking no more than what’s due. The truth is that taxes don’t stop when you retire. That’s why it’s absolutely essential to develop the right mindset and strategy to deal with the distribution phase of life.
Whether you’re planning for distribution before retirement, or you find yourself in the middle of retirement paying a little too much in taxes, Income For Life can help you develop a tax-efficient approach, so you can preserve your retirement assets for years to come. Simply put, our team is not only here to help you retire, but to stay retired. Schedule a no obligation call by clicking the button below. We look forward to meeting you!
The Keys To A Tax-Efficient Distribution Strategy
At Income For Life, we recognize that each individual has different retirement goals, and that’s why we always recommend speaking with a professional financial advisor about how to do what’s best for you.
However, there are some fairly universal strategies you can apply to reduce the amount you pay in taxes and keep more money in your pocket.
#1: Keep in mind that you’ll likely have less tax deductions and credits in the future.
#2: Create a blend of taxable and non-taxable income
#3: Recognize that tax laws are always subject to change
#4: Gifts can provide a tax shelter
#5: Roth IRAs can be a great investment
#6: Always be aware of your deductions
Are You Paying Too Much Taxes In Retirement?
As they say, the only two certainties in life are death and taxes. At Income For Life, we can help you prepare for the second eventuality by helping you understand what you need to do to keep more money in your pocket during retirement.
So what are you waiting for? Get the help you need to stay retired with Income For Life by signing up for your free report and speaking to one of our experienced financial advisors. We’ll help you create the retirement you’ve always envisioned. Thank you for your interest!
