Joe Brown
Brown Advisory Group, LLC
It's All About Planning
Retirement—when our careers fade into the backdrop of life and a new world of possibilities opens up. It's a time to indulge in hobbies, spend quality time with loved ones, and explore new avenues of life. But the golden years of life can lose their luster if you are caught off-guard by unexpected tax bills. Therefore, diligent tax planning becomes paramount to ensure a worry-free and financially secure retirement.
- Required Minimum Distributions (RMDs)
- Tax Bracket Management
- Roth Conversion
- Beneficiary Tax Planning
- Required Minimum Distributions (RMDs) and Tax-Bracketing: Effective management of RMDs can prevent a surge in taxable income and potential movement into a higher tax bracket. Retiree can proactively control their taxable income through tax-bracketing and ensure it stays within a manageable tax rate.
- Roth Conversions: Converting funds from tax-deferred retirement accounts to Roth IRAs allows for tax-free growth and distributions, benefiting retirees who expect to be in a higher tax bracket during retirement and those wishing to avoid RMDs.
- Beneficiary Tax Planning: By designating Roth IRAs as beneficiary accounts or considering life insurance policies, retirees can ensure their wealth is transferred efficiently, minimizing the tax burden on their beneficiaries.
Joe Brown
Brown Advisory Group, LLC
2445 Darwin Rd.
Suite 105
Madison, Wisconsin 53704
joe.brown@retirevillage.com
(608) 241-4425
Looking For Answers?
Download our Safe Money Guide and learn more about safe retirement options that can help you achieve your retirement goals safely - FREE!