Creative Tax Strategies: Minimizing Your Taxes,
Maximizing Your After-tax Cash Flows.
Class Description:
Retirement Income planning ensures that you can afford a successful retirement, living a happy and fulfilled life as you would like, and not having to worry about unexpected surprises. This class goes through key concepts, strategies, and plans to ensure that you have a stress-free retirement. We look at all options available to you today, with creative solutions for "safe money" investments and sufficient cash flows to last your lifetime.
Date and Time: To Be Determined
Location: College of Marin
Number of Days: 1 day (Sat AM)
Hours of Class: 4 hours
Why Take Our Class? Did you know that you manage your investment portfolios differently in "Stage II" vs. Stage I when you're still working. And your focus is different?
Topics Covered:
1. Why taxes in retirement may be higher than you expect.
2. How to build a “Tax-Free Retirement Bucket” with Roth IRAs and more.
3. When and how to convert traditional IRAs to Roths (and why timing matters).
4. How to draw from accounts in a tax-efficient order.
5. How Required Minimum Distributions (RMDs) can spike your tax bill.
6. Strategies to reduce taxes on Social Security benefits.
7. The role of cash value life insurance in tax-free income planning.
8. How to use Qualified Charitable Distributions (QCDs) to reduce RMD taxation.
9. How to bracket bump and fill up low tax brackets before hitting Medicare IRMAA thresholds.
10. Why tax planning is not just for the wealthy—it’s for anyone with retirement savings.
Key Takeaways:
The single largest expense that Retirees pay in retirement are taxes.
Tax Strategies in Retirement - minizing your tax payments to maximize your after-tax income.
Creative Solutions in Tax Planning - Roth Conversions, Section 7702 Plans, Annuities, tax efficient gifting strategies in properties, appreciated stocks, etc.
Does your plan for long-term care take advantage of taxes?
What order of withdrawals from your accounts is the most tax-efficient?
Do you have a Tax Plan? You have a retirement plan and financial plan, but what about a tax plan?