Resource Blog

Goheen Insurance: Securing Legacies with Expertise and Integrity.

Estate Planning

Is Tax Planning Missing in Your Retirement Planning?

Too many retirees believe that they don’t have to do any planning in retirement, but there are hidden traps waiting for the unsuspecting.
Retirement Planning

Too many retirees believe that they don’t have to do any planning in retirement. They spent years saving for their retirement and now they think they can coast. WRONG! There are hidden tax traps waiting for the unsuspecting.

For instance, If you want $75,000 per year in retirement, is that before or after taxes? If it’s after taxes, that could mean withdrawing $90,000 per year before tax. Will your portfolio last for 35 years if you withdraw $90,000 each year adjusted for inflation? After 15 years, to keep your purchasing power of $90,000 at 3% inflation you would need to withdraw $140,217!

To find out more about planning during your retirement years, give us a call today.

Post Tags :

estate planning, Life Insurance, Premium Finance, The Simplicity Company, Tips, Wealth Management

SHAWN GOHEEN

Meet Shawn Goheen, the heart and soul behind Goheen Insurance. Since the early ’90s, Shawn has been more than just a financial advisor; he has been a trusted confidant to high-net-worth individuals. His journey has led him to build strong connections with over 15 specialty lenders and insurance carriers, and relationships with 20+ banks, giving him a rare edge in navigating the often-complex financial world with ease and transparency.