The Biggest Drain
Many investors have a sound tax management strategy when saving money and accumulating wealth through their workplace retirement plans, Roth accounts, and tax-efficient portfolios.
Things get a little more complicated when you are spending money. Since taxes will likely be the biggest drain on your portfolio over a lifetime of investing, you cannot afford a mindset of “you don’t know what you don’t know” when it comes to taxes.
Do you have a tax management strategy for drawing down your wealth in retirement, including Roth conversions, Social Security strategies, and maintaining tax-efficient portfolios in taxable accounts?
Now is the time to review your wealth planning matters around taxes. If you are unsure of where to start, you can learn how President Biden’s proposed tax law changes may impact you by accessing Forbes’ tax planning calculator.
Do you want to put a plan in place to lessen the impact of taxes on your life? Reach out to me and let's build the right strategy for you.