Planning for Retirement Taxes & Income - Episode 19

Your Retirement Blueprint: A 210 Financial Podcast

We’ve been telling everyone we know that there is a “tax sale” happening right now. Taxes are the lowest they have ever been, and that’s a major thing to consider when it comes to your retirement planning.
In this episode, we are talking about planning ahead for retirement taxes and retirement income, and we dive deep into Social Security. If you aren’t accounting for paying taxes in your retirement strategy, then you could be surprised when you start making withdrawals and see that you owe more than you thought. Whatever your goal is in planning for retirement (regular income, passing money on to your kids, or a blend of both), it’s important to develop a unique strategy that makes sense for your situation and your goals.
We are so thankful you are taking the time to listen! Our team here at 210 Financial is here to help if you have questions or are wondering how this information may impact your specific plan.
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Investment advisory products and services made available through AE Wealth Management, LLC (AEWM), a Registered Investment Advisor. Insurance products are offered through the insurance business 210 Financial. 210 Financial is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser.
AEWM does not offer insurance products. The insurance products offered by 210 Financial are not subject to Investment Advisor requirements. Please remember that converting an employer plan account to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences including (but not limited to) a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits, and higher taxes on Social Security benefits and higher Medicare premiums.
Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions.
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