Join a vibrant discussion in the Retirement Planning and Withdrawals Community on balancing tax efficiency with performance.
Recently, I posed a question that sparked a vibrant discussion in the Retirement Planning and Withdrawals Community:
As a newcomer to retirement investing, I was keen to learn how fellow AAII members handle the challenge of minimizing tax burdens while maximizing portfolio growth. It’s a delicate balancing act: On one side, we aim to avoid pitfalls like the “tax torpedo” and maintain tax efficiency; on the other side, we seek to achieve excellent returns.
One member suggested minimizing tax consequences by using Roth accounts and noting upcoming required minimum distributions (RMDs). Another advised against letting tax concerns dictate investment decisions, while a third highlighted the complexities of taxable Social Security benefits. A frequent contributor joined a few others in discussing the use of donor-advised funds to optimize tax outcomes in retirement, stressing the importance of planning and flexibility.
If you haven’t yet, I recommend reading “Maximizing Retirement Income With Asset Location” in the August 2024 AAII Journal. It offers valuable insights on how strategic asset placement can impact your tax situation, including the impact of different account types such as annuities and health savings accounts (HSAs). It also provides practical advice on managing Medicare premiums and taxes on Social Security benefits.
If this discussion interests you, or you seek new perspectives on other topics, join the AAII Community today and explore communities like Retirement Planning and Withdrawals.
—Jenna Brashear
Join Our Community Today
https://community.aaii.com
My local Bagelette used to stack its bagels so high that you could squish them down and extrude enough veggie tuna to fill another sandwich. It eventually figured this out and cut its “value proposition,” but it was fun while it lasted.
Some learning opportunities are so stacked with value that you can extend their nourishment long after the original event has ended. This includes local chapter meetings.
Most chapter speakers share their email addresses and phone numbers. If you don’t get to join the throng milling around the post-session conversation hub, you can make direct personal contact later. You can sign up for newsletters, join the speakers’ social media, even snag a free trial of publications. You can also extend the conversation with fellow members by posting a query in the discussion board at your local chapter’s community or at a relevant topical special interest group (SIG) community.
A few examples: If you related to Paul Merriman, you could tap into a tsunami of resources starting with The Merriman Financial Education Foundation. If you bonded with Keith Fitz-Gerald, you might keep in touch through his “Morning! 5 with Fitz” daily notes. If you resonated with Kevin Carter, you could follow his ETF coverage of India, China and other global markets. The net widens as you follow the path.
Squish that flagel! Milk that meeting! Join a local chapter and trigger an extended exploration of new concepts, contacts and connections in your investing journey.
—Hollis Wagenstein-Hurturk, AAII Chapter liaison
Sign up for Chapters
www.aaii.com/ChapterEmail
See Upcoming Events
https://community.aaii.com/events/calendar
Portfolio Strategies
Feature
Investor Professor
JOHN L from NJ posted almost 2 years ago:
You need to log in as a registered AAII user before commenting.
Log InCreate an account