Broker Check

Is Tax Planning Missing in Your Retirement Planning?

September 03, 2021
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1-Minute Video:

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.

Martin Nielsen

Nielsen Financial Group

Hillsborough NJ

Financial Advisor, Retirement Planning

www.nielsenfinancial.com