Ramp Up to Retirement
Tax-Focused Estate Planning Before Retirement
Key Takeaways
- How investment, retirement income, and tax planning work together instead of as separate decisions
- Why estate planning begins with strategy before legal documents are created and updated
- How Roth conversions may influence taxes paid by both retirees and future beneficiaries
- Why beneficiary designations and asset location can change long term tax outcomes
- How coordinated planning may uncover opportunities across multiple financial decisions
Show Notes
Estate planning is often treated as a task to complete later, but many of the biggest financial decisions begin long before legal documents are signed.
How can tax planning, retirement income planning, and investment decisions work together to support your long-term goals while potentially improving how assets are transferred?
In this episode, Dan Reese explains why estate planning is much more than wills and legal paperwork. He shares how investment planning, retirement income planning, and tax planning all influence one another through what he calls the three lanes of the financial highway. Dan also explores how Roth conversions, beneficiary designations, charitable giving, and account positioning can affect taxes during retirement and for future generations.
Throughout the conversation, he emphasizes creating a coordinated strategy while there may still be more planning flexibility.
Resources
Carson Wealth Retirement Readiness Quiz
About the Podcast
You’re nearing your Ramp Up to Retirement, where work will be optional. How do you make the best decisions to set yourself up for success? Tune in to hear from Dan Reese CFP®, Founder, Senior Wealth Advisor at Avery Wealth about the decisions and subtle changes you can make to ensure your retirement is successful!
As you approach life’s next chapter, we’re here to guide you through the intricacies of financial planning. We’ll help you stay focused on what truly matters as you navigate your retirement journey, overcome financial challenges, and leave a lasting legacy.