Reduce Your Taxes for Retirement
At West Advisory Group, we’ll help you reduce your taxes in retirement, learn how retirement income is taxed, and maximize your retirement income distribution that allows you to live on your terms.
Don’t let ever-changing tax laws put your hard-earned retirement savings at risk of a costly IRS bill. Every year, slight adjustments are made to tax laws, and taxpayers have to figure out whether, and how, those changes affect their own situation.
Our retirement planning consultants at West Advisory Group bring a wealth of experience and knowledge to the table.
We can help you minimize taxes and associated fees, so you get to keep more for your retirement. We scrutinize all your financial records to find tax advantages you may have never heard of, and potentially reduce your taxes in retirement.
Preparing for the future can be difficult, but not with our retirement professionals by your side
We’ll partner with you to go over a personalized tax strategy in retirement to help protect your finances long-term.
We partner with you to create retirement tax planning strategies for your personal financial goals.
At the West Advisory Group, we do things a little differently than at large wire-houses or broker-dealers.
Rather than fit clients into a pre-designed mold or portfolio, we craft our strategies to fit your unique needs and get to know you and your financial goals before making any recommendations.
We offer a customized approach to financial and retirement planning in an effort to make you feel confident that we aren’t just offering you the same cookie-cutter plan everyone else gets.
Our developed process is completely objective and customized, meaning that you'll get a personalized strategies to meet your specific, financial needs.
We strive to fully inform clients so they can make the best financial decisions. we've made it our mission to educate our clients on their financial decisions.
Financial literacy is our goal and we believe that honesty, transparency, and constant communication helps build meaningful, long-lasting relationships.
As a Fiduciary, we focus on serving you. We don’t try to sell you financial products or force unproven investment ideas on you.
We serve you and you alone, making financial recommendations that are always in your best interest.
You’ve worked hard for what you’ve earned, and we want to help you protect that.
As a fiduciary, we always act on your best interest with your financial goals in mind. Whether you’re retired, semi-retired, or retirement is still some years away, you can reduce your taxes in retirement by asking your tax specialist key questions.
Our tax planning, retirement professionals will go over your personal situation with you in detail, and we encourage you to bring us your questions. We believe in sharing information freely to help you make the best decisions for you and your family.
Here are some of the retirement tax topics we cover with many of our clients, that we would be happy to go over with you:
- Am I paying too much income tax?
- When retired, what income is taxed?
- How is retirement income taxed?
- What is and isn’t taxable?
- What tax deferral strategies are available to me in retirement?
- What are key ways to protect my financial picture before and after I retire?
- If I’m retired but my significant other isn’t (or vice-versa), how will our status affect our taxes?
- Am I paying too much in tax-related fees?
- How do I use tax loss harvesting to offset gains?
- How do I implement strategies now to potentially offset overall lifetime tax liabilities?
- Can retirement planning help me budget for taxes I need to pay when I’m retired?
Prepare your Taxes for Retirement with Confidence
Our team at West Advisory Group will do an extensive review of your tax return to determine your current tax situation.
We scrutinize all your financial records to potentially reduce your income tax during retirement, as well as find tax advantages you may have never heard of:
- phantom income taxation
- incorrect uses of taxable and tax-deferral strategies
- and even missed opportunities for gains and accounting for losses.
Our retirement planning and tax specialists will work closely with you to address these and other important concerns.
Once we know what your personal situation is, we can create a customized strategy to protect your finances over the long term.
Taxes for Retirement Resources
Taxes in Retirement Guide
This free 8-page tax guide was created for you to better understand how taxes could affect your retirement income, and a great overview of what taxes for retirement look like.
We’ll cover in the Taxes in Retirement Guide:
- The advantages of separating your taxable and tax-deferred accounts
- The signs to watch for in ever-changing tax laws
- Options for tax deductions in retirement income
Taking Charge of Your Taxes Guide
Every year, slight adjustments are made to tax laws, and taxpayers have to figure out whether, and how, those changes affect their own situation. This past year is no different — and additional tax-related changes are expected.
In our free guide, you'll learn about the current environment and how it may affect your taxes in the future.
Tax Strategy in Retirement Guide
In this resource, we’ll discuss how different investments have different tax characteristics. The tax characteristics of certain financial options may make a big difference in determining whether such investments fit your specific circumstances and align with your financial goals.
We’ll go over how diversifying your tax buckets may help optimize your tax results both during the accumulation phase of your life and again after retirement.
Have Questions?
Whether you want to save money for college, are looking for ways to reduce your tax burden, are ready to start your retirement planning, or want to explore investment opportunities, we’re here to assist you. Our offices can help you through reliable financial planning services.
Pittsburgh Office
8160 Perry Highway
Pittsburgh, PA 15237
412-847-2040
Erie Office
1946 West 26th Street
Erie, PA 16508
814-464-0224
©2023 West Advisory Group® - All rights reserved.
Investment advisory services offered through Brookstone Capital Management, LLC (BCM) and Milestone Asset Management, LLC (MAM), a registered investment advisor. BCM is independent of MAM and West Advisory Group. MAM and West Advisory Group are affiliated through common ownership. Insurance products and services are not offered through BCM or MAM but are offered through individually licensed and appointed agents. The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives.
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