Summerlin Benefits Consulting Q&AAnswer
Oct 18, 2024 - 09:24 AM
To minimize tax implications on your retirement assets, consider strategies such as tax diversification through a mix of tax-deferred, taxable, and tax-free accounts. Life insurance policies like Fixed Indexed Universal Life (FIUL) can provide tax-free income during retirement. Also, managing your required minimum distributions (RMDs) efficiently and leveraging certain insurance products may help reduce the tax burden. Consulting with a financial advisor can ensure that your approach aligns with your long-term goals.
