Form View Counter
Request a no-obligation meeting today to discuss your financial future and the possible role of insurance and investments in your financial strategy!
Call Us Call Us
Connect with us: Phone: 800-687-6768 / info@commonsenseretirementplanning.com / Visit Us!
Discover the many opportunities available to help secure your financial future.
Tapping into the Common Sense Retirement Planning network.
Home » Financial Services » Tax Minimization Strategies

Tax Minimization Strategies

As you approach your retirement, there’s always the concern about taxes being raised. To combat this, we advise considering taxes for your financial decisions and planning accordingly.

A tax-deferred vehicle provides the benefit of keeping your money at a compound interest, exempt from income taxes. This allows the interest to accumulate at an accelerated rate, putting more money into your retirement fund. Keep in mind that there are very few vehicles that are able to avoid taxes completely. But with an insurance product, you can avoid paying the taxes until after you retire when you qualify for a low tax bracket.

Remember that the contract value will reduce with withdrawals. This may also include decreased value in protection benefits. Any additional withdrawals executed outside of the charge schedule will incur a withdrawal fee. Income tax is applicable to all withdrawals and may have an additional 10% federal tax attached to it if it’s taken out before the age of 59.5.

Secure Your Financial Future

For additional information on your financial strategy, call or email us today at 800.687.6768 and info@commonsenseretirementplanning.com.

To provide you with the best financial planning experience, we may offer you information on different investment and insurance products.

Be aware that no investment advisor will offer legal and tax advice, and no information given should be constituted as such. For that form of consultation, please contact an appropriate tax or legal professional.

Complimentary Report!
"Your Retirement Planning Checklist"
Form View Counter


Complimentary Book!
Common Sense Retirement
In Uncertain Times

With every Common Sense Retirement Review with Tony or Phillip, receive a FREE copy of the new book entitled: “Common Sense Retirement In Uncertain Times”

Schedule your Common Sense
Retirement Review today!
Form View Counter
Our Focus
» Retirement Planning
» Wealth Accumulation
» Annuities
» Life Insurance
» IRA & 401(k) Rollovers
» Our Services
Library
» Stay abreast of the stories and headlines that impact you. Check out the news about Common Sense Retirement Planning and other topics of interest.
» View our Library
Radio
» Listen to Tony and Phillip every Saturday from 11 am - noon on 106.3WORD.
» Listen to Our Show
Securities offered through Capital Investment Group, Inc. Member FINRA/SIPC. Address: 100 E. Six Forks Road, Ste. 200, Raleigh NC 27609 Phone: 919.831.2370

*Guarantees provided by insurance products are backed by the claims paying ability of the issuing carrier.

The 10 Things to Know About Planning Your Retirement Income Report is provided for informational purposes only. It is not intended to provide tax or legal advice. By requesting this report you may be provided with information regarding the purchase of insurance and investment products in the future.