As a part of a comprehensive financial approach, we offer retirement tax planning and tax-efficient strategies to our clients. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.
Some people are surprised to find that they owe taxes in retirement. Some even pay taxes on Social Security! That’s why tax planning is imperative for the retiree, and at Hoskins Wealth Management, we strive to keep you in the lowest tax bracket possible every year. In order to do that, we have to take a look at what qualifies as “earned income,” and we have to take money out of your nest egg in a tax-advantaged manner.