Retirement is a wonderful gift to those who are fortunate to be able to enjoy life free of the responsibilities of years past. But, with that freedom comes the daunting task to keep what you’ve earned and enjoy the most rewarding lifestyle with the peace of mind knowing that you are able to live off the savings and investments made along the way.
With high-net-worth individuals, tax responsibility can and will take its toll. With good advice, good strategy and a well-rounded plan, those individuals can be more confident in their lifestyle and worry-free living.
MarketWatch recently published an article on the subject of the “silent expense” and turned to some of the most influential advisors both in tax and wealth to weigh in on the subject. The prestigious publication asked Sam Tutko, VP of Tax Planning at Miser Wealth Partners, in Knoxville, Tennessee for input.
Sam’s best advice is to make sure you involve a legal, wealth and tax team working together to help high-net-worth individuals retain the most out of the fruits of their labor. Check out the article below and learn more about this important topic in retirement.
