Imagine a day when money isn’t a worry – Show 13


David wraps up our three-part serious on how to de-risk your financial plan on podcast number 13. We end this week by discussing how much deducting $155,000 can cost in taxes. It’s important to have tax diversification in your accounts. Is all of your retirement funds in tax-deferred accounts?

If all of your retirement savings is in a 401k or IRA you may be vulnerable in a rising tax rate environment.
Tax burden graph
Simply put, we want to help you keep as much of your money in your pocket as possible. When you have a solid financial plan in place it tends to generate peace of mind. Picture a day when you no longer have to worry about getting a plan together, but it’s already done. Picture a day when your grandkids run up to you and say, “Grandpa and Grandma, I am so glad you could visit!”
Picture a day when you have the freedom to travel if you want to travel, relax when you want to relax, and give when you want to give. Together we can get to that day. I think in all of our lives there are things that we’ve put off thinking, “We can always do them later.” That’s not always true. Now is the time to take the first step. You deserve a great retirement, and a great retirement starts with a plan. You deserve a great retirement that isn’t filled with worry about money. You deserve a great retirement… Filled with choices and freedom and joy.
Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Clients Excel, LLC are not affiliated companies. Investing involves risk, including potential loss of principal. Any references to protection, safety, or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the insuring carrier. This podcast is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet particular needs of an individual’s situation. Clients Excel is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Clients Excel. The use of logos and/or trademarks of podcast hosting sites are the property of their respective owners and are not an endorsement by those owners of our firm or our program. Roth IRAs offer tax free income if distributions are taken after age 59-1/2 and the account has been open for at least 5 years. When converting funds to a Roth IRA, ordinary income taxes are due on the amount converted in the same year, and ideally should be paid with funds outside of the retirement plan. A Roth Conversion is a taxable event and may have several tax related consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.

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