Maybe the new year is your big year for finally enjoying the fruits of your labor. The new year is just weeks away and retirement may be on your mind. It’s one thing to look forward to enjoying travel leisure. It is another thing entirely to be financially able to do all of that unless you have stowed away millions for this exciting time of your life.
While you were accumulating a lifetime of wealth taxes were always in the back of your mind. That WILL NOT change during retirement! Taxes obviously must be paid on distributions from qualified retirement plans. These plans include 401K’s, IRA’s, etc. It takes careful planning to manage excess taxation when your income ceases.
There is even something called “discounted retirement”. You might want to talk to a professional to get more information on this option. Las Vegas area financial retirement expert Mike Mathews may be the answer to all of your retirement planning questions. Why not make an appointment this fall at his beautiful Regatta Drive office by calling (702) 240-5237?