Tax Bomb in your 401K or IRA. Are you aware of it? - Palma Financial

Are you aware of the Tax Bomb in your 401K or IRA?


Defuse the Tax Bomb That Threatens Your Retirement

If a large part of your retirement savings is in an IRA or a 401(k), you could be facing a significant tax bill in the future. There are many ways to minimize your taxes while maximizing your retirement income.

A constant for every portfolio, though, is taxes.

If you set aside a portion of your earnings in a 401(k) or IRA, that doesn’t mean taxes were forgiven — they were only deferred. You will still owe money to the IRS at some point in the future on any investment earnings on these savings accounts or on any deferred annuities that you might hold that were not taxed currently. Lastly, if you’ve got appreciated securities in your savings, you’ll owe taxes when you sell them.

I call it the Tax Bomb in your 401K or IRA.

But the reality also includes this: By anticipating the different requirements of each stage of our working and retirement years — and by following IRS rules — we can eliminate the taxes and maximize the income from these savings.

We can work with you to defuse the tax bomb in your savings.

Book Your Tax Assessment to Learn How to Defuse The Tax Bomb in Your Retirement.