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IRA Tax Planning

Protect Your
retirement savings

Getting the most from your 401(k) and IRA accounts, as well as Social Security, is about more than waiting to take distributions. It’s about having a plan for when and how to take distributions so you reduce your tax burden. For example, if you’re healthy and have a substantial IRA, it might make sense to delay Social Security payments as part of an overall tax strategy. The right plan can help protect your future by maximizing what you keep and reducing what you pay in taxes. Schedule a free meeting with one of our experts.

Maximize What
You Keep

IRA tax planning is about creating a draw strategy that maximizes what you keep. AlerStallings knows how to protect the wealth of middle and upper-middle-class families, and uses coordinated strategies to ensure your money stays with your family. We can help you decide the best time to start taking distributions and how much you should take each year. That creates security for you and your family and reduces your overall tax burden.

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Get More Out of Savings and Social Security

An IRA tax plan helps you get more of your money and Uncle Sam gets less. We work with your financial planner to ensure you turn on Social Security at the right time, maximize 401(k) and IRA accounts, and keep you and your family from paying too much in taxes.

 

With AlerStallings, you have a team throughout your retirement.

Confidence

that you’ll get more in IRA distributions and pay less in taxes

Certainty

that Social Security will serve you at the right time

Knowledge

you need to take withdrawals when your tax rates are the lowest

Relief

that your family won’t be left with an IRA that requires huge tax payments

Simple Plans
for Complex Matters

When you build a plan with AlerStallings, we don’t shove it in a dusty safe when you leave.

We plan yearly, complimentary meetings to review where you are, what you have, and what you may need. Our Asset Protection Planning services include:

  • Income Analysis

    You may know every fascet of income in your portfolio, but you may not be aware of how to maximize that portfolio. Our team understands how to best finance retirement so your hard-earne

  • IRA Tax Strategy

    Withdrawing money from an IRA is like earning money from a job. It requires income tax. Without an IRA tax draw strategy, you could end up giving a lot of money to the IRS or find yours

  • Social Security

    Participating in Social Security is easy, but maximizing distributions takes knowledgeable support. You worked hard all of your life and you deserve to get what's entitled to you. Let u

Hear From Our Other Clients

We’re not the only ones who believe in our approach. Thousands of Ohioans have worked with us over the years. Here are just a few comments from them.

“The Elder Law attorneys at AlerStallings made a scary process easy to understand. Our wishes were respected throughout the entire process.”

-Robert and Deborah Schmidt, Tiffin OH

” We would challenge anyone to find a more comprehensive firm in the practice of Elder Law. ”

-Emerson and Joanne Lake, Middlesburg Heights OH

” With AlerStallings you’re getting top-notch attorneys that are there for your family’s best interest, not theirs.”

-Don Brown, Piqua OH

” There was none of the arrogance you get with a lot of law firms. It was just a great experience.”

-Hal Ackley, West Liberty OH

“The Elder Law attorneys at AlerStallings made a scary process easy to understand. Our wishes were respected throughout the entire process.”

-Robert and Deborah Schmidt, Tiffin OH

” We would challenge anyone to find a more comprehensive firm in the practice of Elder Law. ”

-Emerson and Joanne Lake, Middlesburg Heights OH

” With AlerStallings you’re getting top-notch attorneys that are there for your family’s best interest, not theirs.”

-Don Brown, Piqua OH

” There was none of the arrogance you get with a lot of law firms. It was just a great experience.”

-Hal Ackley, West Liberty OH

We Focus

on Your Goals

 

We know getting the most from an IRA can seem tricky. But we have the experience to understand your goals, explain the possibilities in a way that makes sense and make sure you’re getting what you want and need.

 

 

 

Still Have a Question or Two?

We want to be sure you understand the issues and how we can help you.
With that in mind, here are a few of the questions we hear most often.

No. Your IRA is exposed to your long-term care costs along with your spouses. This is why it is so important to be proactive when you are planning to protect these assets. You have tax and potential long-term care issues to deal with, so starting as soon as possible is essential to ensure that the maximum amount passes on to your loved ones.

The first hurdle is to understand that everyone has to pay taxes on their IRA or 401k. Our goal is to help you pay the lowest amount of taxes possible. The main goal is to be proactive. The earlier you start planning, the more you can save. All of our protection strategies vary based on your goals, income, and gifting strategies. Plans are uniquely designed to fit your needs and minimize taxes ultimately paid to the government.

There are two things to think about when it comes to tax planning. First is to be proactive. The earlier you plan, the more you can save. Secondly, be dilligent. Much like the weather, tax laws change every year. Some of these changes may apply to you, so it is essential to check in with your attorney.

This is a great time to start planning.