Too many retirees believe that they don’t have to do any planning in retirement.
They spent years saving for their retirement and now they think they can coast. WRONG!
There are hidden tax traps waiting for the unsuspecting. For instance, If you want $75,000 per year in retirement, is that before or after taxes? If it’s after taxes, that could mean withdrawing $90,000 per year before tax.
Will your portfolio last for 35 years if you withdraw $90,000 each year adjusted for inflation? After 15 years, to keep your purchasing power of $90,000 at 3% inflation you would need to withdraw $140,217!
To find out more about planning during your retirement years, give us a call or visit our website today.
To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here
- How To Strategize for Your Social Security Benefits
- How to be Tax Efficient with Your Investments
- Don’t Let Timing Ruin Your Retirement
- Small Cap versus Big Cap Stocks
- How to Plan for a Successful Business Transition
- Financial Advisors: Ditch the Myths and Fears—and Niche Yourselves Already!
- Is Tax Planning missing in your Retirement Planning
- How Can You Take Care of Your Spouse Just in Case Something Should Happen to You?
- How to Allocate Assets Within Your Portfolio When You Retire
- How Are Your Social Security Benefits Calculated