Why is Tax Planning so Important? | Your FERS Federal Retirement |

Описание: One reason the tax planning decision is so important is that for a lot of the people we talk with, the first 10 years of retirement or so, their income is on the lower side, but then once required minimum distributions kick in, their income can skyrocket.

They may be in the 12% or the 22% bracket early in retirement, but then jump to the 24% bracket, sometimes the 32% bracket. Then when either one of the spouses dies, they get put into the single tax bracket and the rates can go up from there.

Getting the planning done early in retirement is vital and doing it correctly is even more important.

Can you shift the money too fast and pay too much in taxes? Yes, you can.

Can you shift the money too slowly and not shift enough? Yes, you can.

Getting it right is important. If you need help getting it right, reach out to us.

Check out the other 10 decisions that you have to make at retirement in our new book at christycapital.com/decisions.

If you need help, you can reach us at christycapital.com.

The information provided is not intended as tax or legal advice. Figures shown are for illustrative purposes only. Furthermore, the information or the illustrations provided may not be used to avoid any tax penalties. This content represents the general views of Christy Capital Management and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice. Retirement Benefits Institute, Inc., and a portion of its contents merged with Christy Capital Management Inc. Brandon Christy, former President of Retirement Benefits Institute, is also the current President of Christy Capital Management, Inc., a registered investment adviser.