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Retirement Tax Planning


Lack of retirement tax planning is costly: Most retirees are poorly prepared or not prepared at all for the cost of taxes in retirement.

Planning adequately for minimizing taxes can help to keep you living comfortably in retirement. But there are several things to consider, including your age, your retirement accounts, additional investments, and Social Security.

Understanding how all these work in advance can help you make plans for a comfortable retirement.

Here’s an overview of the three key areas which most retirees are concerned with: Social Security, investment taxes, and taxes on selling your home.

We can discuss and help you with ways to reduce retirement taxes that you might not be aware of.

Retirement Income Planning


If you are getting close to retiring, or are recently retired, now is the time to think about developing a strategy that seeks to generate income from your retirement portfolio.


Insurety believes you should consider the following items to help your money last throughout your retirement:

  • Make sure your asset allocation still meets your needs and risk tolerance.

  • Understand important factors for building a retirement income strategy.

  • Create a strategy to help meet your retirement income needs.

We can help you undestand ways to strategize your retirement income, as well as, combine Retirement Tax Strategies to increase your cash flow.


Also, always being cognizant of how future inflation will affect your buying power.​

401k, 403b, 457, SEP Rollovers & Planning


Socking away all your money into tax-deferred plans like 401(k)s, 403(b)s, 457 plans, and deductible IRAs can be good – to a point. That point ends when you create a situation where all your financial assets are inside tax-deferred accounts. This can cause problems once you’re retired because of the way retirement income is taxed.  

When you withdraw money from tax-deferred accounts, it will be taxed as ordinary income in the calendar year in which you take the withdrawal.

If you need extra funds for a vacation, you're purchasing a new car, or helping a family member, the excess funds withdrawn may bump you into a higher tax bracket. You could find yourself paying 25 cents in taxes or more on each dollar that you withdraw.

Multi-Generational IRA's


Here's another strategy that is designed for investors who will not need the money in the account for their own retirement needs. It's called a multi-generational IRA strategy because it stretches the period of tax-deferred earnings of assets within an IRA beyond the lifetime of the person who set up the IRA, typically to another generation. In other words, it allows you to pass your IRA to a beneficiary down a generation or even several generations to your grandchildren. 

Let us do the calculations and show you a report on how this concept can be of benefit to you and your children and grandchildren.

Social Security Planning


When to start collecting your lifetime social security benefits?  That's the $64,000 question!


Be aware, statistics state that 75% of all Americans turn on social security at the wrong time. Let us help you not to be one of those 75%.

Your 3 options for turning on Social Security:

  • You can start collecting early at age 62

  • Second option, you can take social security at full-retirement age and receive 100% of your benefit.

  • Third option, if you’re able to wait a little longer, credits are available each year past Full Retirement Age until age 70.

We can run a PERSONALIZED social security maximization report which can show you examples of the benefits being paid out at different claim option periods which will identify the best time for you to turn on social security.

Self Funded Pension


You can hold assets earmarked to fund your retirement inside or outside of a retirement account.


A Self-Funded Pension Plan works well for those who have maximized their available contributions to 401(k)s, SEPs, SIMPLEs and IRAs or who earn too much money to qualify. Also, they work great, if set up correctly, to reduce or eliminate your tax liability in retirement.


These pension plans must be funded with either life insurance or annuities. In the case of cash value life insurance, you can actually access the money tax-free at retirement. These plans are best suited for people with disposable income that can be committed to the pension every year.

We are experts at putting plans together for a lifetime self–funded pension plan that will give you tax free income for your retirement that will last a lifetime.

Roth IRA's


The Roth IRA is a retirement account that can offer you valuable tax benefits, particularly if you want to lower income taxes in retirement. But it comes with income-based eligibility restrictions.

A Roth IRA is a tax-advantaged individual retirement account. Unlike a traditional IRA, your contributions to a Roth IRA are not tax-deductible. But those contributions and your investment earnings grow tax-free, meaning there’s no income tax on your Roth IRA withdrawals in retirement. With a traditional IRA, your withdrawals in retirement are taxed as income.

Funding Roth IRA’s while you are still working will benefit you since your tax exemptions, deductions, and credits are working to lower your overall tax rate. After retirement, you will still accumulate earning well above the taxes paid up front.

Roth IRA’s have complex rules, eligibility requirements, income and contribution limits. We can guide you through the analysis to see if this makes sense for you.

Leaving A Legacy


If you are a parent who worries about what your wealth will do to your children, you are not alone. Many clients want to leave money to their kids, but they are concerned that their children are ill-equipped to handle sudden wealth. Some worry that by providing too much money, it will rob their children of the ambition and hard work that it took for them to amass the wealth.

Is sudden wealth an “initiative sucker” or can it be used to create a better and more fulfilled life? The answer is a resounding YES to both! Yes it can cause some to lose their drive and ambition, but with the proper work and structure, those who inherit can use the money as a tool to create meaningful lives of their own. But for many parents who are not convinced their children are ready to handle wealth, they are not idly sitting by hoping their children have a sudden flash of financial acumen. No, these parents are taking matters into their own hands, with our professional help.

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