Tax planning doesn’t stop because things change – stuff happens – in all four stages!
Planning is about preparing ahead of time to avoid unpleasant surprises. My webinar covers these and other issues. You can learn more here!
Enjoy!
Jim
Beware of Tax Torpedoes and the IRMAA Cliff
Tax traps are waiting. Did you it's possible to be smack in the middle of the 22% tax bracket, yet taking an additional $1,000 in income could make that additional money taxable at 40%? It can happen to some taxpayers. In fact, there are other pitfalls many aren't aware of, as well.
————————————
Interested in becoming an IFG client? Why play phone tag? Schedule your 15-minute introductory phone call!
Jim Lorenzen is a CERTIFIED FINANCIAL PLANNER® professional and An Accredited Investment Fiduciary® in his 21st year of private practice as Founding Principal of The Independent Financial Group, a fee-based registered investment advisor. He is also licensed for insurance as an independent agent under California license 0C00742. IFG helps specializes in crafting wealth design strategies around life goals by using a proven planning process coupled with a cost-conscious objective and non-conflicted risk management philosophy.
Opinions expressed are those of the author. The Independent Financial Group does not provide legal or tax advice and nothing contained herein should be construed as securities or investment advice, nor an opinion regarding the appropriateness of any investment to the individual reader. The general information provided should not be acted upon without obtaining specific legal, tax, and investment advice from an appropriate licensed professional.
Jim Lorenzen is a CERTIFIED FINANCIAL PLANNER® professional and An Accredited Investment Fiduciary® in his 21st year of private practice as Founding Principal of The Independent Financial Group, a fee-based registered investment advisor. He is also licensed for insurance as an independent agent under California license 0C00742.
Schedule Your
20-Minute “Right Fit” Introductory Call Now!
Recent Posts
Archives
Tags
business owners
business owners retirement
company plan rollover
death planning
Estate Planning
Financial planning
Financial Security
Guaranteed Income
Inflation
Investment mistakes
investment planning
investment returns
Investment Strategy
IRA rollover
life insurance
life insurance decsions
managing risk
Reducing Risk
Retirement Annuities
retirement decisions
Retirement Income
retirement mistakes
Retirement Planning
Retirement Strategy
Retirement tax strategies
RMDs
rollover mistakes
Roth conversions
Roth IRA
Safe Money
SECURE Act
secure retirement
selling closely-held business
Selling your business
social security
social security claiming
social security help
social security outlook
Tax-Free Retirement Income
taxes
Taxes in retirement
Tax reduction
term insurance
term insurance vs permanent
when to claim social security
Schedule Your 20-Minute
“Right Fit” Introductory Call Now!
