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TAX STRATEGIES

Streamline Insurance can help you make wise tax decisions throughout the calendar year so you can maximize your income and leverage all available opportunities.

Retire Smarter: Understanding Tax Liability + Strategy

When you think about retirement, you likely imagine freedom, travel, and enjoying what you’ve worked hard for—not taxes. But without the right planning, taxes can take more of your retirement income than you expect. From Social Security and pension payments to 401(k) or TSP withdrawals and investment earnings, taxes can reduce what you keep.

The good news is that with a smart strategy, you can hold on to more of your income. That’s where a retirement planning firm can help you make the most of your money.

Retirement Is Not Tax-Free
Many people believe taxes end when paychecks stop. But most retirement income—like withdrawals from traditional retirement accounts—is still taxable. Here’s what else you should know:
• Up to 85% of your Social Security benefits may be taxed depending on your income.
• Required Minimum Distributions (RMDs) can raise your tax bracket.
• Pension income is taxed as regular income.
• Investment income and capital gains may be taxed differently.

Without a clear tax plan, you may lose a large part of your retirement income to taxes.

How a Retirement Planning Firm Helps You

Our advisors focus on tax planning because it’s not just about earning money—it’s about keeping more of it. We work with you to understand your financial situation and create a custom plan that reduces your tax burden.

Here’s what we do for you:
• Create tax-smart withdrawal strategies from all account types
• Plan the best time to start Social Security and pensions to avoid tax jumps
• Explore Roth conversion opportunities
• Set up charitable giving to give you the best tax advantage
• Coordinate with your CPA or tax advisor to keep everything aligned

The result is a tax-efficient retirement plan that helps you stay in control of your income.

Take Control of Your Retirement Taxes Today
You should not be surprised by taxes in retirement. With the right guidance, you can plan ahead and lower your tax bills. Schedule your tax strategy session today and make sure your retirement income works for you.

ENJOY LIFE ON YOUR TERMS

It’s never too early — or too late — to take control of your financial future.