Are You Financially Independent?
Request a no-obligation meeting today to discuss your financial future and the possible role of insurance and investments in your financial strategy!
Taxes....this often overlooked area can have a dramatic impact on your retirement. As the old saying goes, "It's not how much you make, but how much you keep!"
Taxes can take a huge bite out of your investment returns. With so much of people's retirement savings in tax-deferred plans like Traditional IRAs, 401(k)s, 403(b)s, and others, having a plan for minimizing the taxes on these accounts is crucial for today's retiree. Next to market volatility, there's likely not a single bigger drain on your wealth than the taxes that can be incurred on these accounts either during your lifetime or at your passing.
When should I start taking Social Security? How will my taxes change after I retire? Is a Roth conversion right for me? Do I have to take all of the money out of my IRA when I turn 70? Do I have to pay tax when I give money away to my children and grandchildren?
Contact us today at 480-503-0050 or teresa@teresabear.com for a consultation and portfolio review with Teresa Bear, Certified Financial Planner™, Certified Public Accountant.