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Strategy Session

The Power of Tax Strategies

Tax strategies are used to help you take advantage of tax codes that allow you to potentially reduce cost over your lifetime and the life of your beneficiaries. We cover strategies that we identify could help you on your specific situation. 

TAX STRATEGIES ARE A VITAL PART OF A RETIREMENT PLAN

HOW ARE YOU BEING TAXED
What option should you be using?

ROTH IRAs are a tax strategy that is an after-tax investment that can grow Tax-Free. Which contains funds from the market, annuities, banks, and more.

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Non-Qualified Annuities are taxed as ORDINARY INCOME, not as LONG-TERM Capital Gains. Which means that you could end up paying much more in tax than you may have expected.

Roth 401(k) accounts are subject to the same required minimum distribution (RMD) rules that apply to traditional 401(k) accounts.

​Therefore, the account owner must start taking RMDs from their Roth 401(k) for the year in which they reach age 73 and continue for every year thereafter. Learn how to avoid RMD's on a ROTH 401(k). Read More

Roth IRA Conversions

ROTH IRA INFO

What Strategies have you implemented?

Withdrawal Strategies
Are you tax efficient on your annual withdrawals from your investments?

Long-Term Capital Gains
Are you resetting the cost basis every year? 

Tax-Free Growth Strategies
Utilizing a Tax-Free Growth strategy that could reduce your taxes over your lifetime. There are some great tools like a ROTH IRA, ROTH 401(k) and a CVLI (before age 65)

Learn more about:

• ROTH IRA / ROTH 401(k) 
• Qualified Charitable Distributions
• Charitable Remainder Trust
• Delaware Statutory Trust
• Medicare Tax Reduction Tips
• Wealth Transfer
• Quick Tax Calculator (est)

We offer you webinar education  training to help you understand your options on many topics. 

With historic LOW taxes and HIGH debt, Will Taxes Go Up or Down???

TAX SPECIFICATIONS (Charts)

2026 Standard Tax Deduction

2026 Senior Bonus Deduction

New Senior Bonus Deduction
A significant tax change for older taxpayers comes in the form of a new benefit known as the “senior bonus deduction.” Introduced in the One Big Beautiful Bill Act, the senior deduction is an exemption for filers 65 and older and allows seniors to claim an additional $6,000, whether they itemize or take the standard deduction. This is on top of the existing extra standard deduction for seniors, which is $2,000 for individual filers and $3,200 for joint filers. 
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To qualify, single filers must be at least 65 and have a MAGI of under $175,000.
Joint filers must both be at least 65 and have a combined MAGI of under $250,000. 

Provisional Tax
Social Security Tax

Which states tax Social Security benefits?

As of 2026, nine states tax Social Security benefits, though exemptions and income limits differ significantly. 

• Colorado
  Residents aged 65+ may subtract the full amount of federally taxable Social Security benefits. Those aged 55 – 64 may receive full or partial deductions depending on AGI ($75,000 or less for single filers; $95,000 or less for joint filers).
• Connecticut
  Benefits are fully exempt for residents with a federal AGI below $75,000 ($100,000 for joint filers). Above those limits, a 75% exemption applies.
• Minnesota
  Full exemption applies for AGI up to $84,490 ($108,320 for joint filers). Partial exemptions phase out by 10% per additional $4,000 of AGI (or $2,000 for married filing separately).
• Montana
  No tax applies if AGI is below $25,000 ($32,000 for couples filing jointly). Benefits become partially taxable at AGI levels up to $34,000 ($44,000 joint) and up to 85% taxable above those levels.
• New Mexico
  Residents with AGI up to $100,000 ($150,000 joint) remain exempt from state tax. Above that, benefits are taxed at the state’s 1.7% – 5.9% income-tax rate.
• Rhode Island
  Residents at or above full retirement age qualify for exemption if AGI is below $104,200 ($133,250 joint). Above those thresholds, benefits are taxed at between 3.75% – 5.99%. 
• Utah
  Utah taxes Social Security benefits to the same extent as the federal government at a 4.5% flat rate but offers a Social Security Benefits Credit for many retirees. Full credit applies to:  

• • Individuals with MAGI up to $54,000 
  • Joint filers and heads of household up to $90,000 
  • Married filing separately up to $45,000
    Note: the credit phases out by 2.5 cents for each $1 of MAGI over the thresholds.
• Vermont
  Full exemption applies for AGI below $50,000 ($65,000 joint). Partial exemptions apply up to $60,000 ($75,000 joint). Benefits are taxable above these levels.
• West Virginia
  The state completes its phase-out of Social Security taxation in 2026. All benefits are fully exempt on 2026 returns filed in 2027. ​

This chart above is for educational purposes only and may differ over time.

Provisional Details

Required Minimum
Distributions @ age 73

RMD CALCULATOR

2026 Tax Contribution Guide

The rule of 55 is an IRS provision that allows people who are 55 or older to withdraw money from their 401(k) or 403(b) plans without penalty if they leave their job during or after the year they turn 55. This is an exception to the IRS rule that usually imposes a 10% penalty on withdrawals from employer-sponsored retirement plans before age 59 1/2. However, account holders are still responsible for paying income taxes on the withdrawals.

2026 Net Investment Income Tax

EDUCATIONAL TAX VIDEOS

Learn about different types of taxes and how they affect you in retirement such as Social Security Spikes and how Short and Long-Term taxes strategies can be applied.

Learn about how the future of taxes may impact your Retirement and what you can do to to create TAX-FREE income strategy. You can even request your own personalized report.

CAN YOU CREATE MORE TAX-FREE INCOME IN RETIREMENT?

TAX RULES HAVE CHANGE
Understand the potential impact taxes have on your retirement income. Retirement is rated one of life’s most stressful events.

Do you have a Retirement Tax Strategy? 

​Many aspects of your everyday life begin to change as you prepare for retirement. One of the biggest changes you are faced with involves your finances. The paycheck you have become accustomed to receiving is no longer coming in. Instead, it is now up to you to decide from which accounts you will take income. 

Your paycheck may have stopped, but taxes continue. It is important to know and understand the potential tax implications of selecting which assets from which you draw your retirement income.

Schedule your FREE Tax Strategy Session today...

Strategy Session

Request your own Tax Analysis
We will send you our FORM that will help us generate your own personalized tax analysis that you have seen in the video above. This is a value educational only piece. Have a proper Tax advisor review.

Additional Tax Strategy Solutions

Learn the New Rules