Recognizing that no investor wants to have to pay a cent more in taxes than necessary guides us in analyzing how certain financial products can be utilized to minimize your tax burden. Certain strategies offer tax-deferral, meaning that you only pay taxes when you actually take a withdrawal. Other products, such as life insurance, offer the opportunity to utilize income-tax-free payments when structured properly.
Tax planning should not be done in isolation, but instead should be driven by your overall financial goals and integrated with your total financial plan. We can help you develop and implement appropriate strategies to lessen or shift current and future tax liabilities to help you meet your long- and short-term objective.
To find out more about how Tax Planning could fit with your retirement goals, contact Coffman Retirement Group at (256)759-9987.