Sound Strategies for Your Retirement Planning
Over the years, evaluating different retirement plans has been complicated by uncertain economic conditions and all-time low interest rates. It’s likely that you’ve been forced to alter your retirement plans or make changes to your current retired lifestyle as the result of your portfolio’s declining value.
If you’re like most Americans, most of your retirement savings is in tax-deferred vehicles like 401(k)s and IRAs. However, do you know how much of your money you’ll be allowed to keep if tax rates increase? At George Frye and Company, we want our clients to keep as much of their hard-earned money as possible, which is why we set a goal of getting our clients to the zero percent tax bracket by the time they retire. Doing this will effectively eliminate any tax-rate risk from their retirement savings, and allow them to keep more of the money they’ve earned.