Key Financial Concerns of 2024: How to Pay Less Taxes in Retirement
Seminar Details
Presented by: Ken Burke, CPA/PFS CBEC®, President & CEO, High Falls Advisors and Jennifer Vogler, Esq., Executive Vice President & Chief Compliance Officer, High Falls Advisors
Date: Tuesday, October 1st, 2024
Time: 7 - 8:30 p.m.
Location: Perinton Community Center, Room 209, 1350 Turk Hill Rd, Fairport, NY 14450
Who should attend? Investors, pre-retirees and retirees
Seminar Overview
Retirement brings unique financial challenges we don’t face during our working and accumulation years. When considering retirement, many people overlook taxes because they assume they will be paying less if they are earning less. The reality is that you may pay as much and possibly more taxes in retirement since income sources and tax rates can vary widely.
However, with knowledge about tax rates, retirement income sources and their taxation, and the impact of retirement income on Medicare and other benefits, retirees can strategically plan on the timing and types of accounts to use during retirement.
This program is intended to address many of the concerns at the top of mind for many investors, pre-retirees and retirees: future tax rates and tax policy and the impact on retirement, how recent legislation (SECURE Act 2.0) has changed retirement account income and estate planning, and how the upcoming election may affect the Market.
Expect to learn:
- The window of opportunity IRA and 401K owners have to leverage historically low tax rates
- How to pay less taxes in retirement
- How to protect your retirement accounts, often your most significant asset, from potential tax rate increases
- Why retirement is often more expensive than your working years
- The four stages of retirement and the tax considerations for each phase
- Mistakes to avoid with your portfolio, health care and estate
- Taxation of Social Security income and how to avoid the Social Security “tax trap”
- How income tax can impact Medicare and other benefits
- Tax efficient strategies for IRAs, Roth IRAs and non-retirement accounts
- Tax considerations in estate planning
- How markets have performed historically in election years
- Does it matter which party controls the House and Senate?
- Should you make investment decisions based on possible new policy decisions
- Do certain investment sectors perform better in an election year?
- As an investor, what should you focus on in an election year and beyond?
Register for the Seminar below!
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High Falls Advisors has been helping individuals and families meet their financial goals since 2008. We offer a wide range of services including retirement planning, tax planning and preparation, professionally managed portfolios and investments, employee benefits counseling and estate management.