Retirement
The Road to Retirement is a Long One - Let Us Help!
Outstanding Tax is a financial service company dedicated to assisting clients in planning and managing their retirement. Whether your goal is to retire as soon as possible, or you would like to start saving now for earlier retirement, we can help make sure your money will last throughout your retirement.
Planning for retirement can be hectic because everyone’s situation varies. That’s why you must get personalized advice from our experts.
We are proactive problem solvers with strong analytical skills who understand our client’s needs and find the right solutions. We are committed to providing our clients with effective, efficient, and high-quality services that meet our client’s needs in the latest tax-saving options. Our goal is to provide superior service through unbiased advice, planning, creative strategies, and timely follow-up. We believe that you cannot be too informed or too involved in the process.
Outstanding Tax looks forward to working with you and discussing your retirement plan. Give us a call today so we can put together a strategy for your future!
We handle the hard financials so you can focus on what's important
Outstanding Tax is the Leading Provider of Services for Retirement Planning.
We provide our clients with a comprehensive financial plan that includes investment management, estate planning, and tax preparation. Our team of experts will help you make intelligent decisions about your future so that you can retire on your terms.
Let us guide you down the path toward successful, worry-free living in retirement!
8 Questions You Should Ask Yourself When Planning for Retirement
When it comes to planning for retirement, there’s so much information out there. Sometimes it can be overwhelming. You shouldn’t have to worry. Here are some questions that may help guide your thinking:
How much money do I currently have saved? What types of accounts do I own, and what is the value of each one? Knowing how much you have set aside for retirement will help determine the money and resources needed to maintain your current lifestyle.
What are my retirement goals? How much do I need to save to reach these goals? How much can I spend comfortably in retirement? Your plans for your retirement will determine the number of resources that you will need.
When do I plan on retiring? Retirement is a complicated financial decision that shouldn't be taken lightly, but it's also something that shouldn’t be left until the last minute.
How much time do I have to reach my savings goal? Having an idea of when you want to stop working is essential to planning for retirement.
Do I have a partner who will be using the funds as well during our lifetime together? If so, how can we minimize taxes and work toward the same goal? If you are married, it may be wise to explore resources to maximize your retirement savings.
Will I eventually need extra income in retirement, and if so, how much and when will I need it? How much money will I continue to earn after retirement? Will this income cover my expenses, or do I need to turn some of my savings into supplemental income? Review all sources of future income before you retire to help estimate your cash flow needs.
Do any special care arrangements or long-term care expenses exist now or are expected in the future? These expenses could be tax-deductible depending on the circumstances but should be considered in your retirement savings plan.
Health Insurance: Do I have it? Healthcare costs may increase as you age; it is important to consider any future costs that may incur during retirement.
What other resources do I have available? Inheritance, pensions, and other income sources all contribute to one's standard of living during retirement. Retirement can be a wonderful time of your life, but it is essential to plan for the future and make intelligent decisions. We are here to help you with those decisions, and we look forward to hearing from you!
Looking to Secure Your Financial Future?
When planning for retirement, you’ll have to make some tough decisions. We can guide you through this process. Some of our areas of expertise are:
Asset Allocation:
Determining the best mix of stocks, bonds, and cash to create an investment portfolio that works for you.
Investment Performance Monitoring:
Make sure your portfolio is regularly reviewed to ensure it’s meeting your goals.
Retirement Income Planning:
College Education Funding:
Allocating funds to make sure that your children receive the best possible education.
Estate Planning:
Tax Consulting:
Review your current tax situation and advise you on how best to structure your affairs while minimizing taxes and maximizing benefits.
Tax Loss Harvesting:
Business Succession Planning:
Estate Tax Optimization:
Fund Allocation:
Estate Planning:
Retirement Planning at Work
Retirement planning is essential, but it’s even more vital to ensure that you’re taking full advantage of your company’s retirement offerings. And now that we’re inching closer and closer to April 15th, you might find yourself with a few extra questions about how your retirement plans work and whether or not you’ve made the most of them this year. To help answer those questions here is some advice on how to approach your tax return preparation as it pertains to your retirement plan contributions:
The first thing they want everyone eligible for a workplace-sponsored retirement plan to know is that you can contribute up to $17,500 per year (for 2016) if you’re under the age of 50, or $23,000 per year if you’re 50 or over. In addition, they point out that investments can be a complicated matter with many different options depending on your needs and financial goals.
That’s why it’s crucial to have a retirement plan expert who is knowledgeable about investment options and understands tax laws relating to contributions and distributions.
How Will Hiring a Professional Benefit My Retirement Planning Process?
We understand saving for life can be complicated, and we’re here to make sure your financial future is secure. Hiring a professional will give you peace of mind knowing that you have a reliable team to help guide you through this process.
Many people find themselves facing a lot of decisions when it comes to retirement planning. You’ll want one company to help provide all the services you need – from investments and taxes to estate planning – so that everything is handled with ease, allowing you more time for yourself.
We can also assist with college education savings plans, IRA rollovers, insurance matters, and more.
Each client has unique needs, and our advisers go above and beyond to learn about you as an individual before creating a plan. This approach ensures we’re considering everything you need – from the tax benefits of your investments to potential family inheritance – and how it all comes together within your financial picture.
A retirement plan can mean many different things depending on what stage you’re at in life, whether it’s saving for college or building an estate that will last after you’ve passed away. We believe that full-service financial guidance is essential not only for now but also for helping give your loved one’s peace of mind knowing they’ll be protected long after you’re gone.
Investment Strategies for Retirement
As you grow closer to retirement, it becomes more and more essential to make sound investment decisions. Although other factors are involved, such as social security, your investments can be a significant source of your retirement income.
We know that everyone’s circumstances are different – which is why our team works with each client on an individual basis to create a personalized plan that fits their needs and goals. We all want to pay as little in taxes as possible and give ourselves the best chance at financial stability during retirement – but making sure you’ve made the most out of your 401(k) or IRA contributions isn’t always easy if you don’t have time to keep up-to-date on changing tax laws.
Part of what you can do by hiring us has access to experienced professionals who have the knowledge and expertise to maximize your retirement savings. We will help manage your assets, determine the best investments for your portfolio, and guide you towards a financially stable future.
Since each person is different, you must work with someone who understands everyone’s unique needs and goals – whether creating a legacy or saving enough money to fund college tuition for their children. We can provide you with comprehensive services that may even include guidance on estate planning and insurance matters if needed by partnering up with us.
As we said earlier, we believe clients should be able to receive quality financial services from one company instead of having multiple advisors. Working together as a team can provide you with the peace of mind and security you need to feel secure about your future.
Our retirement plan experts will guide you on every step of the financial journey – from choosing investments, contributions, and distributions to minimizing taxes and maximizing benefits. We’re here for you today and tomorrow – ready to help protect what matters most: you, your family, and your legacy.
Retirement Planning can be Difficult to Navigate
Our goal is simple – give our clients peace of mind knowing they’re doing what’s best for their future by working with us. Contact us today for a free consultation!
