Tax Diversification^

Are you satisfied with the progress you've made toward your retirement?

Retirement is changing. It's more active, exciting, and longer. Many people can expect to spend 30 years or more in retirement. Preparing for retirement is changing, too.  These days it's important to start early, stay focused, and be ready for any eventuality, such as a changing tax landscape.

With proper planning, you can minimize the effect taxes will have on your retirement planning. In a perfect world you would be able to create a retirement plan that includes three key attributes:

1. Contributions that are tax deductible.

2. Accumulation that is tax deferred.

3. Distributions that are tax free.

Right now you can't have all three, but you can include 1 and 2

or 2 and 3 in your retirement planning. 

It comes down to where you think taxes

will be in the future  

If you think they will be lower then continuing to postpone what you will eventually owe in taxes may be the best plan. 

But if you think higher, or somehwhat the same as today then tax diversification could be a prudent retirement planning strategy that could save you thousands of dollars in taxes each year.  Strategies that re-direct some of your savings to "tax-free"  for later could  give you more net income to enjoy each year in retirement. 

Contact me to find out how to make this strategy work for you!

^Neither Hamner Financial Group LLC nor Eagle Strategies LLC, provides tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.


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