How Tax-Smart Income Targeting Can Allow You To Retire Earlier While Saving Taxes

Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®

Aug 31 2023 • 34 mins

Hear Tyler Emrick, CFA®, CFP®, peel back the onion on income targeting – a critical part of a successful retiree’s overall Tax-Smart Distribution Planning. Learn how this type of planning, coupled with careful “Asset Location” decisions, can save a lot in tax over a multitude of years, allowing you to potentially retire earlier, spend more, or give more.

And be sure to pay attention to how True Wealth uses these strategies to benefit clients no matter what, whether they are still working or already in retirement.

Here are some of the things we will discuss in this episode:

  • Why we want to get into this idea of income-targeting in this show.
  • What exactly do we mean when we say income-targeting and how does that help us build a savings strategy.
  • Looking at the scenario where a family put most of their assets in pre-tax accounts.
  • The tax benefits that you could gain by going through all of this.
  • The complexities that comes with a family that has more of their assets outside of retirement accounts.
  • What kind of income are we going to target when we do this?

Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.

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