Tax Planning

Nobody likes to pay more in taxes than they need to. In comparison to your working years, you may have more flexibility on how and when you take income from different sources in retirement. This allows for you to consider tax planning through:

• When and what account you take income from

• Asset location – owning the right investments in the right accounts

• Deciding when to start Social Security

• When to realize capital gains or losses

• Maximize charitable tax planning opportunities

• Converting money in traditional retirement accounts to Roth accounts, where growth and distributions can be tax-free and don’t have required minimum distributions