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The years following retirement are one of the most important planning stages of your life. Oftentimes your income will be momentarily lower than it was when you were working and will continue to be lower until you’ve begun taking required minimum distributions and social security. It's crucial to navigate and take advantage of these lower tax years in a way to minimize your life time taxes and set yourself up for a successful retirement:
Age: 65 and 63
Overview: John and Jane have done the hard work accumulating assets over their career. They're overwhelmed with questions and ideas and want to work with a financial planner to help make the best decisions for themselves (and their family).
Questions They Have:
Do we have enough to retire?
How do we access & utilize our retirement accounts?
When should we take social security?
How do minimize taxes for the remainder of our lives?
How do we access health care?
How much can we spend in retirement?
How Oak Summit Can Help:
We make projections & create a plan to help you understand what it takes to retire and how much you may be able to spend annually
Through careful planning, we create a tax-efficient strategy to withdraw from the appropriate retirement accounts
With proper optimization & age evaluations, social security can be a significant piece of retirement income
We review cost-efficient health care options while balancing the potential tax impact of income and withdrawals
The first step to working with Oak Summit is getting acquainted & learning more about your situation to see if we're the right advisors for you
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Once you're ready to move forward, we go through our planning process to ensure all areas of your financial life are addressed & planned for
Money isn't meant to be a stressful part of your life. We help with decision-making and provide proactive planning so you can focus on enjoying life
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