Sat. Jun 4th, 2022

Posted:
Updated:

Champaign, IL (WCIA) There are two guarantees in life death and taxes. We all have a love/hate relationship with taxes so how can we make it work with our retirement goals? Today’s your dime sponsor Rooted Wealth Advisors Duke Smith shares more insight.

Are You Paying Too Much in Taxes in Retirement?

Taxes play a part in our everyday lives, so informing ourselves is crucial.
How a retirement income analysis can help you blunt the tax bite in retirement.
Inform Yourself – Taxable Income vs Non-Taxable Income Tax
What each is:
Tax Laws
Stay up to date
Congress makes changes yearly

Different types of accounts have different tax status, so how are these separated and how do distribute our money based on this?

Where you put your money matters
Taxable
Income-tax-free (to you), but taxable to your estate
Tax-deferred
Income-tax-free (to you and your estate)

Find us on Social Media at Rooted Wealth Advisors

www.retirementtaxesguide.com
855-955-3688

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