It’s officially summertime, and that means it’s travel season. Have you seen the roadtrip playlist suggestions our staff made for the summer?
It’s fun to reminisce about a past trip (although we’ve all seen the old TV trope of a returned vacationer pulling out the slide deck to show off their trip photos and the rest of the crowd groaning!). But a lot of the fun of taking a trip is in the anticipation and planning.
Taxes are less fun than travel, but this same general principle applies. Tax preparation is important. But tax planning can take a lot of the guesswork out of the planning process, and make the road ahead smoother and more predictable.
Let’s get those basic definitions out of the way:
At Chamberlin, Tax Strategy is one of the seven pillars of a Holistic Plan, and we have a team of in-house CPAs who work with our planners on both the planning and preparation of our clients’ taxes. Like the other pillars, your tax strategies work in conjunction with the other six pieces. Adjusting the Social Security dial can have tax implications, or making certain Medicare decisions can trigger certain thresholds.
For the Adens, two of our clients who live in the Illinois suburbs of St. Louis, taxes were one of their biggest concerns heading into retirement. You can hear their story directly from them in our video:
In our next post, we’ll dig back into the “Wells of Wealth System” book for an overview of chapter 4. We’ll talk tax funnels, and how the organization of your portfolio can work for you to give you confidence and peace of mind in retirement.
Ready to learn more now?
The first step is setting up a 20-minute, no-pressure call with one of our trained and certified Retirement Educators. These are Certified Financial Education Instructors who are trained to answer questions, not certified to sell products, so don’t worry about pressure to sign on that day.
They’ll walk you through the Holistic Planning process, talk through your current financial situation, and, if we seem like a good fit for each other, they’ll pair you with a certified financial planner and fiduciary who will guide you through the rest of the journey toward a comprehensive plan. After the call, we'll create a customized Mini Plan at no cost to you.
We used to charge our clients $2,500 for this comprehensive analysis, but we’ve made it free as our way of helping Americans create more predictable retirements.
(And don’t forget to ask your Retirement Educator about your free copy of “The Wells of Wealth System” book! We’ll mail it out within a couple days of your call at no cost to you.)
Even if you’re not quite ready to take that step, we still want you to feel knowledgeable and empowered as you move that direction. Check out the Learning Center on our website for videos and blog posts that will help you understand the different factors at play in a holistic retirement plan and how you can start making small changes today that will have a big impact tomorrow.
This commentary reflects the personal opinions, viewpoints and analyses of The Chamberlin Group. It does not necessarily reflect the views of Foundations Investment Advisors, LLC (“Foundations”) and is provided for educational purposes only and the contents are solely maintained by and the responsibility of the applicable 3rd party. The 3rd party content is subject to change at any time without notice, and does not represent an express or implied opinion or endorsement of any specific investment opportunity, investment strategy or planning strategy. Foundations in no way deems reliable any statistical data or information obtained from or prepared by third party sources in this commentary, nor does Foundations guarantee its accuracy or completeness. No legal or tax advice is provided or intended.