Taxes continue to rise in America year after year and even if you planned effectively for your retirement, taxes could have an enormous negative impact on the value of your nest egg. Proper tax minimization strategies are an essential part of any retirement plan. This planning should incorporate both tax deferred vehicles for optimum growth during your accumulation phase and also products that offer tax free income when you’re in the distribution phase of your plan.
To learn more about these products, contact a licensed representative today.
Please note-Tax deferred products are subject to the IRS 59 ½ early withdrawal penalty. If you withdraw funds in a tax deferred product prior to turning 59 ½ you may be subject to a 10% federal tax penalty. For more information please contact a tax professional or speak to one of the tax professionals within the Daly Advisory Group network.
IRS Circular 230 Disclosure: As required by Federal Regulations, we inform you that any tax advice contained herein was not written or intended to be used (and cannot be used) for the purpose of avoiding federal tax penalties, or for the purpose of promoting, marketing, or recommending any transaction or matter to another party.