Are you effectively finding the 'sweetspot' in retirement tax planning? In this video, we talk about 5 tax strategies that can backfire when used improperly. Make sure your tax strategies are resulting in benefits, not costs to your retirement. You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to https://www.safeguardinvest.com/contact.
0:00 5 Tax Planning Strategies for Your Retirement 0:18 The Roth Conversion Strategy 0:56 Mistake #1 - Too Aggressive 2:02 Mistake #2 - Converting Everything 2:48 The Backdoor Roth Strategy 4:06 Mistake #1 - Backdoor Roth at High Rates 5:24 Mistake #2 - The Pro-Rata Trap 6:57 The Tax Loss Harvesting Strategy 8:42 Mistake #1 - The Individual Stock Mistake 10:17 Mistake #2 - Bad Loss Harvesting Timing 11:23 The Step-Up In Basis Strategy Mistake 13:44 The Trust Strategy That Can Increase Taxes
- - - - - - - - - - - - - - - - - Always remember, "You Don't Need More Money; You Need a Better Plan"
Safeguard Wealth Management is an SEC Registered Investment Advisor. Safeguard Wealth Management is not an insurance provider. All content on Youtube is for informational purposes only and should not be taken as personal advice for your situation. You can read more disclosures at https://www.safeguardinvest.com/fiduciary
