Transitioning to Retirement: Tax Opportunities and Pitfalls

Every day we are tasked with helping our clients plan for their futures. A valuable element of the planning process is taxes. As clients transition from working (accumulation) to retirement (decumulation), there are tax planning opportunities to watch for and pitfalls to avoid. In this session, we will review several opportunities and pitfalls and help create a method to identify them, analyze them, and guide the implementation.

Learning Objectives:

1. Find and quantify income and expense items that have both flexibility and a favorable tax impact
2. Find and quantify income and expense items that may present a negative tax impact
3. Combine the above elements to help clients proactively make effective tax decisions
4. Review the language that will help you communicate these tax issues and approaches to your clients