Tag: Roth Conversions

Most people spend their working years trying to reduce their tax bill. Max out the 401(k), take the deductions available to you, defer income when possible, and avoid realizing unnecessary capital gains. Then retirement arrives and the strategy can change. For many people, the first several years of retirement create a major tax-planning opportunity that…

As an advisor, one of the most important conversations I have with clients is about tax efficiency in retirement. Many retirees are shocked by how much tax they still have to pay even after their main working years are over. However, careful tax planning is your friend during this time, making it possible to significantly…