Tax Mastery in Retirement: Strategies for Successful Planning

Financial Breakaway: Your Clear Path to Retirement

Imagine a retirement filled with beach strolls and golf course mornings. But lurking in the backdrop is an often underestimated challenge: Taxes! This uninvited guest can cast a shadow over your financial dreams, but you're not alone. On today's episode of "Financial Breakaway," we're turning tax confusion into tax mastery.

We'll skip the dry numbers and dive into actionable strategies to help you keep more of your hard-earned savings. You'll learn how to dance around tax pitfalls with ease and ensure your retirement is as golden as you've envisioned.

Topics Discussed:

• Understanding Retirement Income Sources & Its Tax Implications: Dive into the differences between tax-deferred and tax-free accounts, and see how your pensions, annuities, and investments interact with your tax bill.

• Cory & Claire’s RMD Cliffhanger: Discover how to handle Required Minimum Distributions without tipping your income into a higher tax bracket.
• Mike & Mary’s State Swap Strategy: Learn how moving states could significantly reduce your tax obligations on Social Security and more.
• Dave & Dawn’s Deduction Dive: Explore advanced deduction strategies to maximize your returns and minimize your taxable income.

Every scenario and strategy is tailored to empower you with the knowledge to navigate the taxing waters of retirement confidently.

Let’s get into it.

Ryan Hitchcock

Financial Planner

High Point Capital Group

Direct: 414-253-4611

[e-mail]

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results.

Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.

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