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Tax-Planning Strategies

Retirement Tax Planning

In the history of the United States, tax rates have ranged from 24% all the way up to 94%. Current tax rates are at the low to average end of that range and may go up to cover the U.S. debt crisis.

If that happens, it’ll be even more important for pre-retirees and retirees to have a well-thought-out tax strategy for your retirement plan. No matter what the tax rate is when you retire, we work hard to help reduce your tax burden on your hard-earned money.

Certain vehicles and products can help reduce the amount of taxes on your assets so you can have more for your retirement. You can also help leave more of your estate to your family.

Social Security Taxes

Based on your provisional income, your Social Security can be taxed up to 85%. That’s a lot of income! Plus, if retirees choose to make up for the Social Security income loss by taking out more from their retirement accounts, they’re subject to additional taxes.

We help you figure out when the ideal time to file for Social Security is based on your individual situation. By working with your team, we can help reduce taxation on your Social Security, look at spousal benefits, and consider other forms of income to help supplement your Social Security income.

Reduce Taxes on Wealth

Our tax reduction strategies are some of the most important planning our team does. The last thing you want is to save well your entire life, only to have it eaten up by taxes in the end. That’s why your retirement deserves a committed plan for taxes. Knowing ahead of time what you’ll owe and when can set you up for a thriving retirement you’ll be free to enjoy!

North & South Carolina Tax-Planning Professionals

Get your complimentary 2021 Tax Guide and learn how you can plan for taxes in retirement by filling out the form below!
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North & South Carolina Tax-Planning Professionals

Get your complimentary 2021 Tax Guide and learn how you can plan for taxes in retirement by filling out the form below!
  • This field is for validation purposes and should be left unchanged.