Tax Planning

The tax treatment of your retirement income can be a significant factor in your income planning. Is it better to pay the tax on the seed or the harvest? Is it better to pay the tax now and have tax-free income later, or defer the tax until later? Do you know how to avoid paying tax on your social security? Do you know how to convert taxable assets into tax-free distributions for long-term care? Do you fully understand the tax ramifications of withdrawing an extra $50,000 to $100,000 in one year out of your retirement accounts for home health care or long-term care? Here at ONTRACK FINANCIAL GROUP, we can help you review tax-favored retirement options. Click the orange button above to schedule a free consultation today.