CRITICAL PLANNING TOPICS
When Can I Retire?
When Can I Retire?
When Can I Retire?
The most frequent question we are asked by prospective clients is: when can I retire? The general answer --- it depends -- is useful for no one. So we start to talk through the factors that will help provide a tangible answer: What type(s) of income will you have in retirement? What does your expense profile look like? How about you
The most frequent question we are asked by prospective clients is: when can I retire? The general answer --- it depends -- is useful for no one. So we start to talk through the factors that will help provide a tangible answer: What type(s) of income will you have in retirement? What does your expense profile look like? How about your assets and debt? We will work with you to understand how your answers to these questions will affect the answer to the big question. Read more about our financial planning process.
Drawdown Strategy
When Can I Retire?
When Can I Retire?
The order of withdrawal from savings depends upon a number of factors, including whether you have taxable savings, your current and expected future tax rates, your expected and portfolio returns and risk profile, your time horizon, your interim liquidity needs, and the estimated composition of your portfolio returns (income vs. capital ap
The order of withdrawal from savings depends upon a number of factors, including whether you have taxable savings, your current and expected future tax rates, your expected and portfolio returns and risk profile, your time horizon, your interim liquidity needs, and the estimated composition of your portfolio returns (income vs. capital appreciation). You could have $100,000 of gross investment income but vastly different after-tax spending power, depending on the type of account, your tax rate, and source of returns. Contact us to learn how to make the most of your retirement savings.
ROTH Conversion
When Can I Retire?
ROTH Conversion
Ordinary income tax rates are substantially higher than capital gains tax rates, and graduated tax brackets favor capital assets over income-generating assets. If estate planning is on your mind, it is even more important to be aware of different tax rates, brackets, and step-ups. ROTH conversion can play an important role in minimizin
Ordinary income tax rates are substantially higher than capital gains tax rates, and graduated tax brackets favor capital assets over income-generating assets. If estate planning is on your mind, it is even more important to be aware of different tax rates, brackets, and step-ups. ROTH conversion can play an important role in minimizing long-term tax and reducing your taxable estate. We can help you understand the pros and cons of different conversion strategies and scenarios, and we will illustrate our analysis with models and graphs, so that you are not left struggling to understand abstract tax topics. Learn more about ROTH Conversion or try out our ROTH Conversion Calculator to run some scenarios on your own.