Death and Taxes

Benjamin Franklin said there were only two things certain in life: death and taxes.

But did you know that ignoring the tax impact of retirement distributions may affect your standard of living? For tax-efficiency, it’s helpful to have several kinds of accounts — from fully taxable to tax-deferred (such as a 401(k) plan) to tax-free (like a Roth IRA).

By working with a financial advisor and a tax advisor, you can create tax-efficient strategies and:

  • Manage the amount of taxes you’ll pay while saving for retirement and once you start taking distributions
  • Determine a tax-efficient retirement income withdrawal strategy that may include both tax-deferred and tax-free financial vehicles
  • Develop a strategy that addresses inflation and taxes

If I could be of assistance in helping you with your financial strategy, please contact me: (281) 822-1350

All my best,
Troy Sharpe, CFP ®
Founder and CEO
Oak Harvest Financial Group

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