Taxes in Retirement
Even when your paycheck stops, taxes won't. Given that taxes are often one's top expenditure, tax efficiency can be critical to a successful retirement. It suffices to say that it is important to understand the role that taxes play and pursue strategies to maximize your after-tax performance.
Agenda
The presentation will first provide a basic description of the tax code. This overview will explain how ordinary income, capital gains, and Social Security are taxed but also highlight non-tax costs such as Medicare surcharges (i.e., IRMAA).
From there, we will present specific strategies for reducing taxes in retirement, including:
- Asset location
- Roth conversions
- Account-specific withdrawal sequences
The presentation will include examples to illustrate some subtle complexities of the tax code and related pitfalls. For example, how could a retiree in the 12% bracket accidentally trigger a >49% marginal tax rate?
If you would like to put yourself in a better position to develop a robust and tax-efficient retirement strategy, this workshop is for you.
FREQUENTLY ASKED QUESTIONS
- Is there a cost to attend? No. There is no cost to attend.
- Do I need to bring anything? No. You will be provided with a pen and paper to take notes.
- Will food be served? Yes. We will provide light snacks and water.
- Will there be a pitch to sell any investment or insurance products? No. The most common feedback we receive is how nice it is to attend a truly educational workshop with no sales pressure.
