The new tax law has introduced some tough challenges and some new opportunities. Utilizing the best tax strategies can make a significant difference in your overall retirement picture. The spending phase of retirement is more complicated than the savings phase of pre-retirement and tax planning is often overlooked. We will cover critical tax questions to answer before retirement; the Social Security “tax trap” and how to avoid it; when to tap assets to avoid higher Medicare premiums; challenges of Traditional and Roth IRAs; estate planning and taxes and more. Come learn the four stages of retirement planning and important tax actions in each stage.
Rick Fentin, CFP®, CLTC, Ed.M. is an independent a Registered Investment Adviser and Principal of Cambridge Financial Associates in Arlington.