Are you prepared for a future of volatile markets? In March ’22, we hosted a client workshop at The Morton Arboretum that focused on market corrections. Despite our clients being assured over and over that they’re well prepared for these corrections, a lot of them admitted that they’re still scared.
Russia, Ukraine, and YOUR retirement. Markets are always volatile in response to a geopolitical event. We’ve seen this before, and while things typically bounce back rather quickly, it’s perfectly O.K. to feel nervous.
This year, it’s more important than ever to have some patience as you’re getting ready to prepare your tax return. In this video, I’ve got some key tips to make sure that you have a smooth process so you get your refund as quick as humanly possible.
Taxes are the variable nobody likes to talk about, but while in retirement, you have much more control than you did during your working years. You need to shift your mindset while in retirement, because you may be losing a lot of money from paying too much taxes.
Proposed tax law changes are being sold to us like a timeshare. They’re saying these changes will only impact the wealthy and not the average American. We’re being told that we’re going to receive all these extra benefits from the changes.
We are in a year of presidential and congressional transition which always brings with it changes to tax laws. Now more than ever, taxes are going to be a very important factor when it comes towards your retirement plan.
Capital gains taxes do not come from your Traditional IRA, Roth IRA, or 401k. They come from what we call “non-qualified accounts,” and you need to be aware how proposed capital gains tax rate changes will affect your legacy.
As a retiree, you may have more control over the taxes you pay on your retirement income than you realize. With a variety of retirement income accounts and proper planning, you may be able to reduce the amount you pay each year in taxes. Listen to Josh’s video below to learn more.
A tax refund means you overpaid your tax bill. Owing taxes at the end of the year means you underpaid. The best question to ask is, how do I pay less in taxes every year? Listen to Josh’s video below to learn why retirees might be the best poised to ask this question.
The key to preserving your retirement assets is to develop a smart distribution strategy that accounts for the taxes youll owe in retirement.
Schedule a free 15-minute phone call to discuss your personal situation.
