Ritter Daniher Financial Advisory LLC’s Post

Planning for taxes during retirement is not only about saving money but also about achieving your financial goals and securing your future. Take control of your finances and work towards a more secure retirement. Bennett Thrasher can help you navigate the complexities of taxation while considering your individual needs and goals. #RetirementPlanning #TaxStrategies #FinancialSecurity https://lnkd.in/ehHVksnj

☀️ 😎 Planning to retire in a different state? Consider how your retirement income will be taxed first. Molly M. Powers, CFP®, and Neil Davies, CPWA®, explain taxation and other financial considerations to think about before you make the move. See the full video: https://bit.ly/3yH5Wbs

🌟 Worried about not having enough money to retire? You're not alone in questioning whether your savings will last through retirement. In this week’s video, Brad dives into actionable strategies to manage cash flow, minimize taxes, and ensure your financial security in retirement. Watch now and start planning for a worry-free future. #RetirementPlanning #FinancialFreedom #retirementincome #saving #cashflow #taxes #financialplanning #financialdecisionsmadesimple #actionfinancialstrategies

💡 Optimizing Retirement Income – Part 3 Mastering Tax Efficiency in Retirement Maximizing your retirement income isn't just about how much you withdraw, but also how you manage your taxes. From utilizing taxable, tax-deferred, and tax-free accounts, to strategically ordering your withdrawals, every decision affects your financial health. Embracing approaches like the Flooring Approach or starting with taxable assets can optimize your tax bill and extend the life of your savings. Consulting with a financial advisor can illuminate these complex paths, ensuring your retirement income strategy is as effective and efficient as possible. #TaxEfficiency #RetirementSavings #FinancialAdvisor   Disclaimer: Benjamin F. Edwards is not engaged in rendering tax preparation services. Specific questions on taxes as they relate to your individual situation should be directed to your tax professional.

The tax-protected growth 👍. That is the real benefit of using a tax-protected account of any type. That is the main reason why, whenever possible, you should use retirement accounts to invest for retirement. Both tax-deferred and tax-free accounts enjoy that benefit. For most Americans who are in the 0% qualified dividend and long term capital gains (LTCG) brackets, their taxable account works very similarly. That's not the case for most white coat investors, who pay 15%-23.8%. Are you using your retirement accounts as much as possible? Do you make tax-deferred contributions or Roth? #physician #financialliteracy #investing #financialplan #retirementplan #retirementaccounts #taxes #taxarbitrage #wci

💭 If you could choose, what kind of tax bracket would you want to be in during retirement? Most people would say as low as possible—but imagine being in the 0% tax bracket. No taxes on your retirement income. More of your hard-earned money staying in your pocket. Sounds like a dream, right? In my opinion, aiming for the 0% tax bracket is one of the smartest financial goals you can set for your retirement. The less tax you pay, the more income you have to enjoy your retirement on your terms—whether it’s traveling, spending time with loved ones, or simply having peace of mind knowing your wealth is protected from future tax hikes. So how do you get there? Through strategic planning and innovative financial strategies designed to reduce your taxable income. I help my clients structure their savings and investments in ways that minimize tax exposure—utilizing tax-efficient approaches to help them get as close to 0% as possible. We are on a mission to keep as much money in your pocket and keep more of your wealth intact! #RetirementPlanning #TaxFreeIncome #LegacyPlanning #TaxStrategy #FinancialStrategy

Many changes to tax laws related to retirement savings take effect in 2024. Here is an overview of some important changes for this year. Curious about how these changes may affect your financial plan? Contact us for a review! https://lnkd.in/gMAFAmt or call 856-988-7722. #SecureYourFuture #SecureAct2.0 #RetirementPlanning

🌟 Worried about not having enough money to retire? You're not alone in questioning whether your savings will last through retirement. This week’s video gives you actionable strategies to manage cash flow, minimize taxes, and ensure your financial security in retirement. Take a look at how to ease retirement worries by building a plan with cash flow mastery & tax-smart moves👇 Watch now and start planning for a worry-free future. #RetirementPlanning #FinancialFreedom #retirementincome #saving #cashflow #taxes #financialplanning #financialdecisionsmadesimple #actionfinancialstrategies

Things To Consider if You Plan to Retire in the Next Year or Two # 430 - Listen Here: https://bit.ly/ylyw-430 If your retirement is a year or two away, you should be mindful of changes to the current retirement landscape. The changes result from legislative action and the forthcoming sunsetting of some previously enacted tax laws. Today, John Walker, Regional Vice President, Mercer Advisors, discusses the changes that you, and your financial planning team, may consider for you to be appropriately prepared. #retirementplanning #taxlaws

4 Important Questions for Retirement As you plan for retirement, consider the impact of taxes and legislative changes on your savings. According to Stonewood Financial, here are four crucial questions you should ask your financial planner: 1. Will my taxes be lower, the same, or higher in retirement based on my income needs and current laws? 2. If taxes are higher than planned, will I still have enough assets to meet my goals and enjoy retirement? 3. Are my retirement savings protected from rising taxes or exposed to risks from changes in Washington? 4. If I leave excess funds in my IRA or 401(k) to my heirs, are they protected from legislative changes? Need assistance navigating these complex topics? I can help! Contact my office today! - (828) 559-0299 - Morgan.wylie@retirerm.com #RetirementPlanning #TaxPlanning #FinancialSecurity #AskYourPlanner