Avoiding the retirement tax traps

Tax consequences can greatly affect your retirement income....make good choices!

If the thought of retirement seems more intimidating than exciting, you’re not alone! By breaking the retirement planning process into smaller, more manageable pieces, you can take the steps towards protecting and maximizing your hard-earned money.

Please Join us for this complimentary informational seminar at John O'Leary Center. We will discuss how to create a solid life after work plan.

Seating is limited, so sign up today!

Did you know?

• Before and during retirement, it is important to develop and adhere to a sound financial strategy that helps you weather market fluctuates
• A couple will spend an estimated $245,000 on healthcare throughout retirement
• Inflation can lower the value of your savings from year to year
• Nearly 60% of retirees don’t budget for entertainment and activities

We will be discussing:

• The difference between filing your taxes and tax planning
• The tax implications of receiving Social Security income and how IRA or 401(k) distributions can increase the amount of taxes you'll pay on Social Security
• How a Roth IRA contribution is different from a Roth conversion
• The impact of Secure Act 2.0 on those preparing for or already retired
• How high income during retirement can create higher Medicare taxes

Who should attend?

This educational workshop is for you if you are preparing to retire within the next 10 years or are already retired. Tax planning is most effective for families with $250,000 or more in assets. You only get to retire once and this class is designed to help you avoid common mistakes.

When it comes to retirement income, growth, and inheritance planning, you may not be able to predict the future, but you can educate yourself and prepare for it!

Spouses are encouraged to attend!

Seating is limited. Register now!