Are you thinking about taking Social Security at age 62? That’s what many Americans consider when they approach So-cial Security age, but just because you can take it early doesn’t always mean that you should.
In this video, we’re going to walk you through the three most common (and costly) mistakes people make during this pivotal stage and tell you how to avoid them.
Today, Scott Sierens, CFP®, uncovers three major retirement tax traps that could push you into a higher tax bracket, increase your Medicare premiums, and reduce your Social Security benefits.
How do you know when it’s time to make updates to your retirement plan? With a personal story as the backdrop, Scott explores two major categories of life changes that can (and should) influence your financial strategy.
Roth conversions can be a great strategy to help you reduce your tax liability and keep more of your retirement savings.
In this second part of our year-end tax reduction series, we dive deeper into actionable steps to reduce your long-term tax burden. Stay tuned to learn about Roth conversions, charitable giving, and more ways to keep more money in your pocket.
Today Scott will share five strategies to help lower your taxes in retirement and explain how to implement them.
Now that you have money saved in your IRA and 401k accounts and you’re starting to prepare for retirement, one of the big questions that you might start asking is what’s the best way to take income once you get into retirement? Should you do Roth conversions, start taking Social Security, or do a combination of the two?
Many say that age is just a number, but when it comes to retirement planning, age means much more than that. Join us in this insightful episode as we delve into the world of financial milestones that can significantly impact your retirement planning. From age 50 to 75, we uncover the strategies, opportunities, and pitfalls tied to these pivotal years.
Who wouldn’t want extra cash in their pocket without having to pay taxes to the IRS? In today’s episode, Scott dives into the topic of getting more tax-free gains and shares valuable strategies for growing your wealth without paying hefty taxes. From contributing to a Roth 401(k) or SEP Roth to utilizing the backdoor Roth IRA process, Scott provides insights to help you make the most of tax-free gains.