Hi Reader,

A valuable tax planning tool we use is a tax bracket visualizer that maps projected income throughout retirement.

The pattern is often surprising. In the years before Required Minimum Distributions (RMDs) and full Social Security benefits, many retirees remain in lower tax brackets.

Later in retirement, taxable income often rises into the 22%, 24%, or even 32% brackets as multiple income sources and growing RMDs begin to stack.

The planning opportunity is to shift taxable income into those earlier, lower tax bracket years while you still have flexibility.

That is why we view tax planning as an ongoing process, not just something to address during tax season.
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David N. Waldrop, CFP® Owner of Bridgeview Capital Advisors, Inc. a Registered Investment Advisor.