As a future retiree or retiree, it is important for you to take into consideration the big picture of your retirement planning. Once you have the full picture, it helps you make more detailed and necessary decisions to achieve the retirement for which you have worked your whole life. One of the first steps to take when planning your retirement is to find a financial professional who puts your needs and interests first. At American Financial Security, we take your whole financial and tax … [Read more...] about Retirement Planning: The Big Picture
Barbara Clark Stevenson
Tax Planning for and in Retirement
Even though retirees are not working full-time, their tax situation can still be complicated because they may receive investment income, interest or dividend income or capital gains distributions in addition to collecting social security, a pension or drawing from an IRA. Whether they take those monies out or reinvest them, they may not be in as low of a tax bracket as they had hoped. In preparing for retirement, it is important to identify your future income sources and anticipated deductions … [Read more...] about Tax Planning for and in Retirement