Retirement Planning

How is it all going to work when it’s your time to retire?

Transitioning from a paycheck to living off accumulated investments and retirement plans can and frequently create anxiety. Additionally, most people entering retirement do not realize that different types of income will create different income tax outcomes.

Part of the problem stems from the fact that Congress has created different “classes” or types of income that are not treated equally at tax time. Therefore, even though you and your neighbor may have the same total amount of income in retirement, your taxes may be completely different because of the sources of that income.

For example, two individuals living next door to each other have $72,000 of income in retirement; one couple pays $4,546 in Federal and state taxes while the other only pays $35 in combined taxes. Who would expect that type of outcome? Our Wealth advisors will work with you to optimize your unique tax situation so that you can keep more of your money.

Retirement planning involves several factors:

1. Aligning your investing style and choices with long-term goals
2. Disciplining your approach to saving for retirement
3. Tracking continual progress toward achieving your long-term goals

Because your retirement can span decades, monitoring your financial plan and making adjustments as needed is crucial to your long-term financial success. We will work alongside you to prioritize financial goals, maximize growth, create dependable income streams, and optimize taxation of your income and wealth.