Control Your Taxes During Retirement
Like most Americans, you have likely done a good job saving in retirement accounts, building up large balances which you intend to live on during retirement. This was a tax-efficient way to save for retirement and you should feel proud of what you’ve accomplished.
Now you face a different challenge.
You reduced your taxes to accumulate assets, how will you reduce your taxes as you spend them?
One of the biggest misconceptions about retirement is that you will pay less in taxes. While this if often the case, it is not a certainty.
The accumulation phase of your financial life was far less complex than the distribution phase will be.
You should fully consider
- How to reduce taxes on your income during retirement
- How to pay your long-term-care premiums with tax free dollars
- How to pay your health insurance premiums with tax free dollars
- How to reduce the taxes your children pay on what you leave to them
Give us a call so that we can help you control your taxes during retirement.
Goostree Financial Group does not provide legal or tax advice. You should consult a legal or tax professional regarding your individual situation.