The Seaside Blog

You have worked your whole life saving and preparing for retirement and the next season of your life. This is a time when you can enjoy the fruits of your labor, travel, spend time with the grandkids, explore new hobbies, volunteer and do anything you did not get to do while working. Avoiding common retirement mistakes and pitfalls or misjudging retirement income needs is crucial for a stress-free retirement. Ensuring your retirement plan includes thoughtful estate and tax planning while steering clear of emotional investment decisions and frequent financial mistakes can set a solid foundation. We'll explore how to create a reliable safety net through diversification and the importance of regular reviews to adjust your nest egg, aiming to steer clear of the biggest retirement planning pitfalls and ensuring your social security benefits work effectively for you.

You've worked tirelessly your whole life, diligently saving for retirement. Every time you hear someone discuss tax strategies, you get excited, only to realize they mainly apply to business owners and real estate investors. But here's the thing: even in retirement, there are plenty of tax planning opportunities that can save you a significant amount of money. Oftentimes, retirees don’t take advantage of these strategies and instead make big mistakes with their taxes. Today, we'll explore 3 common tax planning mistakes retirees make and show you how to avoid them.

As you approach retirement age, it is crucial to have a comprehensive understanding of how your benefits will be taxed. Social security taxes can be complex and confusing, but with the right knowledge, we can help you make informed decisions to minimize them. In this article, we will demystify social security taxes and explore how they affect both retirees and working individuals.

One of your largest retirement expenses is your tax bill. But herein lies an opportunity. And that’s strategic Roth conversions during your retirement gap years. If executed correctly, this strategy can significantly reduce your tax bills over years or even decades. And that means increased odds of preserving your retirement savings for a longer period of time.

Taxes are one of the largest expenses retirees are faced with. People are routinely living into their 90’s (and beyond) and if you don’t have a good plan for tax-efficient income in retirement, you may end up paying more than your fair share in taxes over your lifetime. Taxes can take a large bite out of your retirement nest egg and one way to ensure your investments last longer is to be more tax-efficient with them. This article will show you some strategies to create tax-free income in retirement.

Getting stuck with an unexpected tax bill can be stressful and unsettling. Here are five ways to reduce your tax bill to a more manageable size.