Impact Of The New Tax Law On Financial Planning And Retirement

Impact Of The New Tax Law On Financial Planning And Retirement

- in Retirement
2057
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Current strategies for tax optimization by asset location in after-tax, pre-tax, and tax-free (Roth) accounts are unchanged.

Because of lower rates, retirement savers will have more after-tax money in 2018, but pre-tax deductible contributions to 401(k)s, 403(b)s, and IRAs will have a smaller effect on taxes due.

Those working in retirement as sole-proprietors or LLC’s can deduct 20% of their business income in 2018, but their full income will count against the Medicare Part B premium threshold.

Read more at Seeking Alpha

 

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