Retirement Planning

There are few financial matters more important than planning for your retirement. Yet, the web of complex rules, regulations, and tax laws governing retirement plans can make it nearly impossible for the layperson to determine which choices will best further their financial goals.

retirementBy making informed decisions about your retirement account and investment choices, you can save thousands or more in taxes. It is important to have a knowledgeable advisor who can help you make the decisions both before and during your retirement that will maximize your wealth and minimize your taxes.

In planning for your retirement, you may benefit from expert advice regarding:

  • Early withdrawal and mandatory distribution rules for IRAs and qualified retirement accounts, such as a 401(k).
  • Rules for rolling over IRAs and qualified retirement accounts.
  • Benefits and/or disadvantages of converting a tax-deferred plan to a Roth IRA.
  • Special tax rules for employer-issued stock, stock options, and non-qualified deferred compensation.

Retirement is also an ideal time to create an estate plan or revisit an existing one. Retirement planning and estate planning often overlap, and decisions you make for one will likely affect the other. For example, there are significant tax implications with respect to beneficiary designations for an IRA or a qualified retirement plan. For non-tax qualified accounts, you may choose to invest in capital assets for funds you plan to pass on to your heirs in order to minimize capital gains taxes.