Social Security, Tax, & Income Planning Workshop in Jonesboro, AR

2113 West Washington Avenue,Jonesboro AR 72401

19 October, 2021

Description

You don't want to miss this important event! WHY THIS CLASS MATTERS Many Americans believe that they have their retirement strategy figured out or that it’s as simple as getting their Social Security check and making 401(k) withdrawals. For some, it may be that simple, but it’s also likely that there are numerous factors that they haven’t considered. For example, are they considering how much of their money is spendable versus how much is needed to pay taxes? Do they know that different types of income are taxed differently and that, when combined, some tax-free income types can then become taxable? Unaware of the complex interactions between different retirement income streams, they may not think they need a financial advisor, or perhaps their desire for advice or expectation of a planner is specific. For example, they seek advice on when to claim Social Security, how to invest, or which savings account to tap at what time so they don’t run out of money in retirement. Yet, they remain unaware of how additional help can deliver better outcomes. IMPORTANT TOPICS FOR RETIREMENT TODAY The correct way to determine if a retirement income strategy will be successful is by analyzing three major metrics: 1. Portfolio Longevity How long does the portfolio last? Does it last through their retirement? 2. Sustainable Income If the portfolio doesn’t last through retirement, how much of their after-tax monthly income need will be met by their monthly income streams such as Social Security and pensions. 3. Estate Value If the portfolio does last through retirement, what is the net, after-tax estate value that is left behind to the people or causes they care about. RETIREMENT INCOME PLANNING The three basic retirement accountsHow to accumulate dollars in the right types of accounts for future retirement incomeWhat’s better for you: tax-deferred or tax-free accounts?How to define a “true” tax-free investmentWhen should you convert to a Roth?How IRA’s and 401k’s cause Social Security taxationStrategies to reduce or eliminate taxes in retirementMAXIMIZING SOCIAL SECURITY The causes of Social Security taxationThe Social Security thresholds you need to be aware ofThe real cost of Social Security taxationStrategies to eliminate Social Security taxationSocial Security maximization strategiesAre you in the high risk health group? Can't make this time? That's okay! We are here for you. Click the following link to schedule an appointment to learn more about this vital retirement information. Click Here to Schedule Your Appointment Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Sharp Financial Services are independent of each other. Kevin Pulliam joined Sharp Financial Services, Inc. in 2012, and has been helping clients as a financial advisor since 2009. Kevin focuses on working with retirees and pre-retirees who are saving and investing for retirement, college, and helps clients with wealth accumulation and preservation goals.   Kevin understands there are better options to receiving more in spendable retirement income over traditional, generally accepted plans, while potentially reducing or eliminating market, tax risk and the risk of out-living one’s money. Kevin is a licensed Investment Advisor Representative and is also licensed for Life and Health.