Easy Street

Summer is a great time to relax and plan ahead for next years’ taxes.  “How To Minimize Taxes in Retirement” includes great tips on how to make the most of tax breaks for those of us over 50.  

  • Keeping retirement funds in Roth IRAs or 401Ks means paying less on withdraws.  It might be time to take a look at how you’ve allocated your savings.
  • Too much outside income during retirement means taxes on the Social Security benefits you receive.  It’s good to be knowledgeable about income levels and how they affect your tax bill.
  • Are you aware of all the tax breaks available to seniors?  Chances are there are other benefits you could be taking advantage of each year.

Retirement can be a drive down Easy Street, especially if you have a knowledgeable tax preparer to guide you!  My door is open for questions on how you can minimize taxes and maximize gains this tax season.