Tax Optimization
July 24, 2025
Even when the daily grind stops and you switch from relying on a paycheck to living off your hard-earned savings and other income sources, the shadow of taxes will continue to loom.
More importantly, taxes incurred by retirees can be much different than the income and capital gains taxes you may have gotten used to over years of your working career.
Items to consider adjusting and monitoring to optimize your tax obligations include1:
- Contribute to a 401(k)
- Contribute to a Roth 401(k)
- Contribute to an IRA
- Contribute to a Roth IRA
- Make catch-up contributions
- Take advantage of the saver’s credit
- Avoid the early withdrawal penalty
- Remember required minimum distributions
- Delay 401(k) withdrawals if you are still working
- Time your retirement account withdrawals
Chances are that you have built up many different assets, savings accounts, and investments on your road to retirement. All of them can come with different tax obligations and can be hard to keep track of on your own.
Our team of experienced professionals is ready to help simplify the process, inform you about emerging tax situations, and help build a plan that best suits your wants and needs in retirement. Schedule a meeting to start working towards a strategy that will help you keep more of the money you have earned.