2023 EP0304 | Financial Updates | 3 Ways to Maximize Your Retirement Income and Minimize Your Tax Bill

If you don't have a tax plan, you don't have a retirement plan. In retirement, you not only want to maximize your income, but you also want to minimize your tax bill. In this video, Peter Richon with Richon Planning and Erin Kennedy break down three strategies that will help you keep more money in your pocket, including:

1. #Roth Conversions: take advantage of today's historically low tax rate
2.  Have an #RMD Strategy: consider earlier distributions or Qualified Charitable Distributions
3. Explore Health Savings Accounts: the only triple tax advantaged retirement account that can help with what's often your biggest expense in retirement, #healthcare

To talk through these strategies to see if they're right for you, please feel free to reach out to Peter, who can run a detailed analysis, specific to your unique financial goals, by calling (919) 801-7131 or by setting up a meeting at www.RichonPlanning.com

#taxrate #RothConversions #qcds #taxes #HSA #retirement #wealthmanagement