Optimize Your Tax Situation
November 13, 2025
As we approach the end of the year, it is a great time to review your retirement plan. Not just for investment performance, but for tax efficiency.
Here are a few strategies that could potentially help you keep more of your retirement income:
- Roth Conversions: Converting funds from a traditional IRA or 401(k) to a Roth account now could mean tax-free withdrawals later.
- Tax-Efficient Withdrawals: Being strategic about when and how you draw from accounts could help you stay in a lower tax bracket and reduce your overall tax burden.
- Qualified Charitable Distributions (QCDs): If you are taking Required Minimum Distributions (RMDs), donating directly from your IRA to a charity can lower your taxable income while supporting causes you care about.
- Social Security Tax Strategies: Managing your income levels can help reduce taxes on your Social Security benefits.
- Tax-Efficient Investing: Consider shifting assets to investments that generate less taxable income, like municipal bonds or tax-managed funds.
Be sure that you are doing everything you can to keep what is yours. Scheduling a consultation with our team can help you better understand what your future tax bill may be and what might be done to lessen it.