Retirement Tax Planning Strategies in Virginia Beach & Hampton Roads

Keep more of what you’ve earned with proactive retirement tax planning.

It’s easy to underestimate just how significant of a role taxes play on the size of your nest egg. We’ve seen a lot of people focus on the balance in their retirement accounts, but never give a second thought to just how much of it the IRS will lay claim to. Which is why implementing tax saving strategies now will set you up for a better outcome when the time comes to start tapping those retirement savings.

Retirement Savings Strategies for Every Stage of Life

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1. 20s, 30s, and 40s

Building your retirement savings

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2. 50s and 60s

Nearing retirement

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3. 60s, 70s, and beyond

Living in retirement

Retirement savings strategies look like this…

One thing we consider in retirement planning is coming up with the right strategy for your stage of life – because the plan you implement at 35 won’t be the same as those when you’re 45, 55, or already retired.

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Examining all the ways you can reduce taxes on your retirement savings from contributing to various account types (401k, IRA, Roth IRA) to catch-up contributions to RMDs to timing your withdrawals.

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Discussing investing in annuities to protect your retirement and guarantee income

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Keeping track of every deduction you qualify for including catch-up contribution tax breaks and the saver’s credit.

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Helping you avoid early withdrawal penalties and determine when is the best time to take retirement distributions.

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Determining how to minimize the taxes on your social security payments.

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Considering the benefits of a Roth conversion.

Ready to protect your retirement savings from unnecessary taxes?

Schedule a consultation with FasTax, Inc. today.

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