Will Stimulus Affect Taxes in Retirement?


We can all agree that the COVID 19 Pandemic has wreaked havoc on our economy.

Congress acted quickly but what are the long-term effects of all this stimulus?

We know the deficit was rising even before this calamity.

We know state and local governments will be strapped for years to come

The question is how does this affect your retirement?

Well, if the bulk of your investments are in 401ks, IRA and other tax-deferred accounts, you WILL be affected because you haven’t paid any tax on that money yet.

So, what do you do?

Sure, you can vote for politicians who might keep your tax rates low, but you know they’ll get you somehow. Whether it’s in smaller social security benefits, or less Medicare help, I think we can all agree that the bill will come due at some point.

Most people think they have to just sit there and take it.

Taxes will be higher, and they’ll have less money for retirement or give less to their heirs and so it goes.

We think that’s wrong. There are things you can do. There are ways to save taxes in the future.

So, if some tax-free growth would improve your retirement outlook, or

If tax-free retirement income makes sense or

If living benefits might help you in the future

If legacy is important to you

You owe it to yourself to be informed on all the available tools.

Since you’re likely not getting any younger, schedule a virtual consultation with us today.

You shouldn’t have to live with the concern that higher taxes in the future will reduce your nest egg.

You shouldn’t give one penny more to Uncle Sam – than you have to.

There ought to be a better way!

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Darryl Rosen MBA, RICP

Darryl Rosen is the founder of Rose Advisory Group, and operates www.RealRetirementAdvice.com as a way to help others create their ideal retirement. He is obsessed with helping people create safety, simplicity and strength in their financial future. Darryl’s clients enjoy his straight-forward, plain-spoken guidance, strategies to minimize taxes and ability to generate investment returns, while minimizing risk so his clients can sleep at night! Darryl is licensed to provide guidance on securities and insurance solutions and has achieved the highly desired Retirement Income Certified Professional (RICP) designation.

Darryl is the creator of the well-known SECURiMENT™ Retirement Planning Method. A simple to understand and implement planning method that demystifies retirement planning so that people can take action. Visit Rose Advisory Group to learn more! 

Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor.  BCM and (Rose Advisory Group) are independent of each other.   Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Information provided is not intended as tax or legal advice, and should not be relied on as such.  You are encouraged to seek tax or legal advice from an independent professional.