Taxes in Retirement: Keep More of What You've Saved

About this event

In-Person

You’ve planned for retirement. Have you planned for the taxes that come with it? The decisions you make about when—and where—you withdraw your retirement income can affect how much you owe in taxes and how much you keep. Whether you’re approaching retirement or already retired, join us for a practical class that makes retirement taxes easier to understand and helps you uncover opportunities to potentially lower your tax bill.

What you’ll discover:

Which account should you tap first? Learn how coordinating withdrawals from taxable, tax-deferred, and tax-free accounts can help you manage your taxes—and how an uncoordinated approach could cost you.

Required Minimum Distributions without the confusion. Understand how RMDs are calculated, how to meet your requirements, and which planning strategies may help reduce future RMDs.

Tax mistakes to avoid—and opportunities to explore. Discover common retirement tax pitfalls and learn how to identify potential Roth conversion opportunities as part of a longer-term tax strategy.

Could a Roth conversion lower your lifetime tax bill? Discover why lower-income years may be your window of opportunity—and what to consider before converting, including upfront taxes and potential Medicare costs.

Gain a clearer understanding of how retirement taxes are calculated, what to look for when reviewing your mix of accounts, and how to begin developing a withdrawal strategy that considers more than just this year’s tax bill.

Presented by Greg Holman, CRPC, FPQP® of InFocus Financial Advisors, Inc. and an instructor with the Money School, a program of the Delaware Community Reinvestment Action Council .

This workshop is presented by The Money School. Log in demoneyschool.org to register and to view the full class listing. To register by phone, call 1-302-298-3250.

Registration is requested. Walk-ins are welcome as space allows.