COULD YOUR TAX BILL IN RETIREMENT BE TOO BIG?

FIND OUT IN 30 SECONDS

If you’ve saved for retirement in an IRA, 401(k) or other tax-deferred vehicle, you have a tax bill due in retirement. That’s because you’ve deferred your taxes to the future.

Do you know the size of your potential tax bill?
Find out in 3 easy steps:

  1. Enter your information into the calculator
  2. Immediately see your potential retirement tax bill
  3. Discover options to address it
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Potential Tax Bill Calculator

Notes & Disclosure: [1] Current taxes based on maintaining your existing Qualified Account. Qualified accounts are funded using pre-tax dollars, and taxes are generally owed on principal and interest when the funds are distributed.

[2] Adjustment modeled is based on Roth conversion of funds. Roth accounts are funded with post-tax dollars and withdrawals of principal and interest are generally distributed tax-free. This is not a complete discussion of the benefits, limitations and requirements of Roth accounts or tax-free savings vehicles.

This analysis is designed to provide general information only. Pursuant to IRS Circular 230 and any license limitations of the licensed professional presenting this material, this analysis is not intended to provide tax or legal advice. Be sure to speak with a qualified professional in these areas before making any decisions about your personal situation. This analysis does not consider every product or feature of tax-deferred or Roth accounts and is for illustrative purposes only. It should not be deemed a representation of past or future results, and is no guarantee of return or future performance. Your tax bracket may be lower or higher in retirement, unlike this hypothetical example. Every effort has been made to ensure the accuracy of these numbers. RMD calculation data gathered from Stonewood RMD calculation software based on IRS guidelines and tables, and is hypothetical only. Your actual RMDs are determined by a variety of factors.

Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and My Legacy Group are independent of each other. Insurance products and services are not offered throught BCM but are offered and sold through individually licensed and appointed agents. This message, including any attachments, is intended only for the recipient(s) named above. It may contain confidential and privileged information. If you have received this communication in error, please notify the sender immediately and destroy or delete the original message. Also, please be aware that if you are not the intended recipient, any review, disclosure, copying, distribution or any action or reliance based on this message is prohibited by law.

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