Minimizing taxes in retirement is just as important as it is during your working life – but since the source of your income has changed, you need to deploy different strategies. We’ll take a look at what assets are taxed and how a thoughtful plan that incorporates timing your social security withdrawals and paying attention to how you rebalance your portfolio can reduce them.
You probably know your credit score is important, and you may even have an idea what your “number” is. But many people don’t focus on their credit score until they need it. By not focusing on your credit score earlier, you’re overlooking a chance to create a solid asset that you can leverage for the major (and sometimes minor) life decisions.
You’ve been saving and investing diligently and now retirement is finally here. You may be at the end of the working stage of your life, but the investing stage continues. Since you don’t have time to recover from big market drops, and a lowering of portfolio values may impact your income stream, avoiding volatility is one of the keys to preserving your assets.
