Information to Help Keep Yourself in
a Lower Tax Bracket Over Time
In the spirit of the the upcoming annual celebration of college basketball we call March Madness, HD Wealth Strategies will be focusing on Bracketology and Buckets: the importance of multiple income sources in retirement.
How much you take home tomorrow is not only determined by how much you save but by where you put your money. And, like any good game plan, it’s best to start early.
We all know that investing money for your retirement is smart. But, early planning can allow you to develop multiple buckets of investment that provide income that is taxed differently.
Picture this: if all of your money is saved in qualified plans like Traditional IRAs and standard 401(k)s, you won’t have the flexibility to manage your tax bracket as all of the income from qualified accounts is taxed as ordinary income.
People saving for retirement need to balance the benefits of saving money on taxes today versus saving money on taxes later. Taking a look at your plan and path towards financial independence can help you determine if you have the right roster of investments. There are many different investment options available to investors. It is important that each investment is part of your long term plan. It can be easy to become distracted along the way; however, strategy and early planning can make all the difference.
Join HD Wealth Strategies at our event, Bracketology & Buckets, where we will show you how to strategically optimize your retirement investments to help give you the best opportunity to achieve your goals.
This event is ideal for individuals and families between the ages of 40-65 years old. Space is limited so click here to register right away.
HD Wealth Strategies is a concierge financial services firm. We provide timely information, strategies, and investment management for our clients. Check out HIGGINSDEYOUNG.COM to register for this event and information on how you can become our client.
Please note, changes in tax laws may occur at any time and could have an impact upon each person’s situation. While we are familiar with the tax provisions of the issues that will be presented, as Financial Advisors of RJFS, we are not qualified to render advice on tax matters. You should discuss tax matters with the appropriate professional.
