Michael Canet JD LLM, is a financial planner, estate planning attorney and host of The Savvy Investor TV and Radio Show, where he and Savvy Investor guests help listeners create, grow, and preserve their wealth. In this article, Canet discusses Tax Efficiency in Retirement.
Hanover, MD – April 17, 2018 – Estate planning attorney and host of The Savvy Investor TV and radio show, Michael Canet JD LLM, recently published an article on The Savvy Investor website called “Tax Efficiency in Retirement” which discusses the possible tax issues retirees may not anticipate.
Canet writes, “Will you pay higher taxes in retirement? Do you have a lot of money in a 401(k) or a traditional IRA? If so, you may receive significant retirement income. Those income distributions, however, will be taxed at the usual rate. If you have saved and invested well, you may end up retiring at your current marginal tax rate or even a higher one. The jump in income alone resulting from a Required Minimum Distribution could push you into a higher tax bracket.”
The entire article can be found at HERE
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About Michael Canet JD LLM:
Michael Canet, JD LLM, is a financial planner and estate planning attorney specializing in family legacies and is a founding member of Prostatis Financial Advisors Group, LLC. Canet is the #1 Amazon best-selling author of two books, Successonomics (with Steve Forbes) and Surviving the Perfect Storm: How to Create a Financial Plan That Will Withstand Any Crisis, and has been featured on The Wall Street Journal, Fox News, and USA Today. He is also host of the nationally syndicated television show, The Savvy Investor, and The Savvy Investor radio show. His approach, both on and off The Savvy Investor shows, is distinguished by clear and concise answers that are accessible to the people who need to understand them most: retirees.
Michael Canet is a Registered Representative with TCM Securities, Inc. and can offer securities through TCM Securities, Inc., Member FINRA/SIPC.
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