Tax Strategies for Retirees

1040 WEALTH DESIGN$, LLC

Tax Planning for Retirement

Retirement Income Tax Planning

Study after study shows the largest bill retirees pay during retirement is income taxes. Even if you are not earning an income you could be paying thousands in unnecessary taxes. The following is a list of mistakes retirees make -

Paying Taxes on Social Security
IRA/401K Rollovers
IRA Confiscation
Minimum Distributions
Wrong IRA
Missing Income Shifting
Wrong Estate Plan

Where else can you invest your money in retirement that will guarantee you dividends this year and for the rest of your life? We guarantee to save you money or the plan is free.

Give us a call at 314-496-3432 for a free review of your last 3 years tax returns and let us show you the money you have been missing.

Roth IRA Conversion Planning

Investing for retirement is risky enough. What if the investments you are holding inside your IRA are causing you to pay more tax than is necessary?

Not only will having the wrong IRA strategy cost you to pay too much in income taxes but it will also cost you in extra investment fees?

Please be aware that online Roth conversion calculators will not give you the correct answer concerning the tax benefits that a Roth conversion will bring you.

Estate Tax Planning

Estate tax planning is one of the most complicated areas of financial planning. Many estate tax plans are unnecessarily complicated with strategies that benefit the attorney or financial salesperson more than the beneficiaries and often lack the flexibility to accomodate change. If you already have an estate plan, we offer a free review to make sure you and your beneficiaries are receiving the best deal possible.

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