Reducing Taxes in Retirement

Avoiding Expensive Tax Pitfalls in Retirement

As we transition and create our income plan for our golden years, we uncover the painful reality that the road to retirement has its own shares of taxation pitfalls.  Here are a few of the more common errors that most can avoid with a little planning.

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Mutual Funds and The New Tax Laws

Recent changes in the US tax code reduced the tax rate on dividends.  Mutual fund investors know that they pay dividends, but that doesn’t necessarily mean your fund dividends will now be non-taxable.  On the contrary, depending upon the type of fund you own, your tax liability may barely change.  Let me explain.

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Are Your Annuities a Ticking Tax Bomb?

Lots of seniors have purchased annuities for their safety, simplicity and income tax deferral.  Yet some annuity owners are at risk to lose half of their annuity value, and most aren’t even aware of this! Read more....