After decades of diligently saving and investing, retirement flips the script: now it's time to start taking money out. But here’s the real question we hear all the time from clients and students in our community classes: “What’s the best way to withdraw from my accounts to make my money last and avoid paying unnecessary taxes?”
If you’re approaching or already in retirement, you’ve probably spent decades saving and investing. But here’s something that often catches retirees off guard: how much they’ll owe in taxes. Without careful planning, withdrawals from retirement accounts, Social Security benefits, and pension income can combine to create an unexpected tax bill and even impact your healthcare premiums. Learn how a proactive approach to tax planning can help you protect more of your retirement income and avoid common tax pitfalls.
Dividend investing is a popular way to generate income and build long-term wealth, but if you’re not careful, you could be giving a big chunk of that income to Uncle Sam. In this article, we’ll walk through a real client case study and unpack the key strategies you can use to reduce taxes on dividends, optimize your portfolio, and keep more of your income working for you.
Over the next couple of decades, trillions of dollars are expected to change hands as baby boomers pass down their wealth to younger generations. Dubbed the “Great Wealth Transfer,” this shift is one of the largest financial events of our time and it presents both a unique opportunity and a serious responsibility for those on the receiving end.
Discover how strategic tax planning can help you minimize taxes on Social Security, pensions, and withdrawals from retirement accounts.
Most retirees don’t realize it, but they’re likely overpaying in taxes on their Social Security benefits. The good news? With the right strategy, you can dramatically reduce—or even eliminate—the taxes on your Social Security income. In this post, we’ll walk through a real-life case study to show how one couple legally kept more of their retirement income and slashed their tax bill.