Thursday, December 18, 2014

How qualified plans & Social Security income are correlated - End-of-Year Tax Planning

Almost every form of income affects Social Security taxation, especially qualified plans. So qualified plan strategies need to integrate with future Social Security income to manage the taxes in retirement. Roth IRAs are not deductible, but is an excellent tool, not only as a tax deferred plan, but as a tax free form of income. It's important to note that tax diversification is necessary in retirement to manage net income or "spendable" income. Using Roth IRA is one option that can help manage taxation during retirement. Syndicated financial columnist and talk show host Steve Savant interviews financial authors and speakers Mike Kilbourn, CLU, ChFC and O'Dell, CFP on end of the year tax planning for 2014.

About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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