If you’ve been regularly contributing to qualified retirement plans, you may have built a sizable nest egg. However, this can come with a significant tax liability — potentially losing 25–30% to taxes. You’re not alone; millions of Baby Boomers are wondering how to reduce their tax burden in retirement.
Our Philosophy & Approach to Tax-Efficient Retirement Planning
1. We believe tax reduction is a major consideration in planning for retirement income
Not just gross income but net after-tax income determines how well you live in retirement. We want to reduce your tax obligation so you can keep more of your income to spend on your needs.
2. We look at your lifetime tax obligation, not just your annual tax bill
Your retirement may last for decades. We think it’s important to look at your tax situation from a whole-picture, long-term view. This helps us make the best recommendations for your financial future.
3. We encourage you to take action now, before tax rates increase
Future tax rates and brackets are unknown. Proactive planning can be critical to keeping more of what you’ve earned. Roth conversions, for example, are a smart strategy to use while tax rates are still low.
The promise was that you’d pay taxes on your retirement savings later, when you were in a lower tax bracket. Instead, while contributions and earnings were tax-deferred, your retirement income and required minimum distributions are fully taxable. Recent rule changes also mean non-spouse beneficiaries must pay taxes on inherited tax-deferred plans within 10 years. This will significantly impact higher-earning adult children.
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Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
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Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
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Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
Laura H.“Your corporate values and mission have stayed constant which we’d say is the primary reason we are so satisfied. We believe that mission should never change.”
Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
Barbara S.“We are very happy with Johnson Brunetti. It has really taken a load off our shoulders. Thank you.”
Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
Christine Q.“Your services are exemplary and greatly appreciated by my husband and myself to live out our retirement years feeling safe and secure. Thank you!”
Testimonials received in response to Johnson Brunetti survey conducted in 2024. Please click here for a description of the survey and the overall results.
How We Can Help You Design a Tax-Efficient Strategy for Retirement Income
Fortunately, you don’t have to accept a high tax rate in retirement. Johnson Brunetti can help you manage your tax situation more effectively. By reducing taxes on income and planning for efficient wealth transfer, you’ll have more control over your financial legacy.
Our strategies include spreading your tax payments over several years. We also suggest diversifying your savings in tax-deferred, taxable, and tax-free accounts. For many pre-retirees, using a Roth conversion or directing future savings to a Roth account can be a smart move.
We’ll put our knowledge and experience to work as we provide valuable insights into:
Welcome to Our New Website!Everything was designed with you in mind, making our retirement planning resources more easily accessible to you.
