Planning for Taxes and Planning for Retirement
Tax planning is essential to helping you successfully and legally reduce the amount of your tax liabilities.
That's why we incorporate tax planning as a big part of your overall retirement and/or financial plan. We can guide you in employing tax saving strategies, creating opportunities to maximize your after-tax income.
We’ll provide strategies designed to help you:
-Defer income so that you can save money now and pay less taxes in the future.
-Maybe pay taxes now, to help your tax situation in the future.
-Lower taxes on your income so that you can keep more of your earnings.
-Lower taxes on investments and retirement distributions so that you can maintain your lifestyle and much more.
Tax laws are always changing. We are here to keep you up to date on the tax code and update your financial plan to potentially keep more of your money.
Social Security sets the foundation for most people's retirement.
It's the cashflow that you need that provides the foundation, then we can plan from there.
There are a lot questions, when do I start taking it? How much of it gets taxed?
Unfortunately, there is not a one size fits all answer to this question.
But we can help. We can run the numbers and see what the best option is for you.
You can get started and book a social security strategy session with us
In addition to figuring out when to start drawing social security, we'll need to make sure that you have enough money to retire.
We need to make sure the money you have will last.
We achieve this on a 3 Pillar approach.
An Income strategy. Your Social Security or Pension will lay the foundation and we'll supplement from other sources. We access your risk tolerance, then stress test our plan against multiple scenarios.A forward thinking Tax Strategy. We make sure you pay the least amount of taxes legally along the way.
Or you can get started by scheduling a Retirement Planning consultation
©2023 Lewis Wealth Management Group. All rights reserved.
Lewis Wealth Management Group
217-337-5584
2506 Galen Drive Ste 104
Champaign IL 61821
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