Beacon Financial Planning

One of the biggest surprises we see is that retirement taxes can be affected by where your income comes from, not just how much you make.

For example, different types of income can be taxed very differently:
• Traditional IRA / 401(k) withdrawals
• Roth IRA withdrawals
• Social Security benefits
• Investment income (interest, dividends, capital gains)
• Pension income

That’s why retirement planning and tax planning really go hand in hand.

If you’re within 5–10 years of retirement (or already retired), it’s worth taking a step back and asking:
“Do I have a tax strategy… or just a withdrawal strategy?”

We keep a few spots open each week to talk to the friends and loved ones of clients. If you know anyone who has gone through any health changes or probably hasn’t reviewed the coverage in a few years, they might need a hand looking at their options.

How to know if you should review your Medicare plan (before Dec. 7) Discover why it's crucial to review your Medicare plan during Annual Enrollment (October 15 - December 7) and ensure you're getting the best benefits for 2024. Get expert guidance and make informed decisions.