Maximize Your Retirement With Expert Tax Planning
Discover How Senior Resource Center (SRC) Helps Seniors in Texas
Secure Their Financial Future with Strategic Tax Strategies
Your CPA may not have explained how the tax system works because their primary job is to help you report and file your taxes, not necessarily to be a tax advisor. That’s where we come in. We help clients implement tax efficient strategies to potentially reduce the income tax they owe.
Your CPA may not have explained how the tax system works because their primary job is to help you report and file your taxes, not necessarily to be a tax advisor. That’s where we come in. We help clients implement tax efficient strategies to potentially reduce the income tax they owe.
Uncover the Hidden Tax Traps of Retirement
As you approach retirement, taxes can be extremely complicated. Avoid tax pitfalls by first understanding what they are:
- Unpredictable Tax Bills: Tax rules and rates are constantly changing. Without proper tax planning, you may face significant and unpredictable tax bills during retirement, causing stress and uncertainty.
- Confusing Required Minimum Distributions: Many people enter retirement with Pre-Tax $$ in IRA, 401k, 403b and 457 plans. When you turn 73 the IRS forces you to start withdrawing Required Minimum Distributions (RMDs). The withdrawal percentage increases annually as you age, potentially putting you in a higher tax bracket, and not withdrawing the correct amount can create significant penalties.
- Loss of a Spouse:
What happens to a couple when one spouse dies? The surviving spouse is often forced into a higher tax bracket, reducing income intended to support their lifestyle.
- Inheriting Pre-Tax Funds: In the past, heirs could inherit Pre-Tax accounts and Stretch withdrawals (including RMDs) over their lifetime. The Secure Act eliminated lifetime Stretch. Now all inherited funds must be withdrawn within 10 years, potentially pushing your heirs into a higher tax bracket during their peak earning years.
- Legal Complexities: Navigating the legal complexities of tax laws, Social Security, Medicare, and other retirement income sources can be overwhelming, leading to costly mistakes.
At Senior Resource Center (SRC), we offer expert tax planning services designed exclusively for seniors in Texas. Our goal is to alleviate the burden of retirement planning, empower you with knowledge, and help you make informed tax-planning decisions to secure your financial future during retirement.
Uncover the Hidden Tax Traps of Retirement
As you approach retirement, taxes can be extremely complicated. Avoid tax pitfalls by first understanding what they are:
- Unpredictable Tax Bills: Tax rules and rates are constantly changing. Without proper tax planning, you may face significant and unpredictable tax bills during retirement, causing stress and uncertainty.
- Confusing Required Minimum Distributions: Many people enter retirement with Pre-Tax $$ in IRA, 401k, 403b and 457 plans. When you turn 73 the IRS forces you to start withdrawing Required Minimum Distributions (RMDs). The withdrawal percentage increases annually as you age, potentially putting you in a higher tax bracket, and not withdrawing the correct amount can create significant penalties.
- Loss of a Spouse: What happens to a couple when one spouse dies? The surviving spouse is often forced into a higher tax bracket, reducing income intended to support their lifestyle.
- Inheriting Pre-Tax Funds: In the past, heirs could inherit Pre-Tax accounts and Stretch withdrawals (including RMDs) over their lifetime. The Secure Act eliminated lifetime Stretch. Now all inherited funds must be withdrawn within 10 years, potentially pushing your heirs into a higher tax bracket during their peak earning years.
- Legal Complexities: Navigating the legal complexities of tax laws, Social Security, Medicare, and other retirement income sources can be overwhelming, leading to costly mistakes.
At Senior Resource Center (SRC), we offer expert tax planning services designed exclusively for seniors in Texas. Our goal is to alleviate the burden of retirement planning, empower you with knowledge, and help you make informed tax-planning decisions to secure your financial future during retirement.
Our Tax-Planning Solution: A Secure and Tax-Efficient Retirement
At Senior Resource Center (SRC), we have the expertise and dedication to transform your retirement
experience. Our comprehensive tax planning solutions offer a multitude of benefits that will redefine how you approach your golden years.
Predictable Taxation
Do you understand our progressive (tiered) tax system? Understanding how taxes are calculated can
pinpoint ways to reduce what you owe. We educate clients on tax deferral strategies so they can decide when they want to pay tax. Say goodbye to surprises. Our expert planning ensures you have a clear understanding of your tax obligations, so you can plan with confidence.
Future Tax-Free Income
Are you withdrawing funds from a Pre-Tax account (IRA, 401k, 403b or 457 plan) to support your lifestyle? You’re probably paying taxes on each withdrawal. We can show you how to convert this taxable income to Tax-Free Income. Our tax-efficient strategies are tailored to help you maximize your retirement income, ensuring you enjoy the lifestyle you deserve without financial worries.
Gradual Roth Conversions
Financial professionals usually recommend diversifying investments for safety. But what about Tax Diversification? If your investments are primarily Pre-Tax, the future tax obligation to you, a surviving spouse and your heirs could be significant. With tax rates expected to increase in 2026 the problem only gets bigger. We show clients how to gradually (and tax efficiently) convert traditional IRAs to future Tax-Free Roth IRAs.
Strategic Tax Savings
With SRC, you won't miss out on any tax-saving opportunities. Tax rules are constantly changing. We track the changes and identify and leverage every avenue to minimize your tax liabilities.
Predictable Taxation
Do you understand our progressive (tiered) tax system? Understanding how taxes are calculated can pinpoint ways to reduce what you owe. We educate clients on tax deferral strategies so they can decide
when they want to pay tax. Say goodbye to surprises. Our expert planning ensures you have a clear understanding of your tax obligations, so you can plan with confidence.
Future Tax-Free Income
Are you withdrawing funds from a Pre-Tax account (IRA, 401k, 403b or 457 plan) to support your lifestyle? You’re probably paying taxes on each withdrawal. We can show you how to convert this taxable income to Tax-Free Income. Our tax-efficient strategies are tailored to help you maximize your retirement income, ensuring you enjoy the lifestyle you deserve without financial worries.
Gradual Roth Conversions
Financial professionals usually recommend diversifying investments for safety. But what about Tax Diversification? If your investments are primarily Pre-Tax, the future tax obligation to you, a surviving spouse and your heirs could be significant. With tax rates expected to increase in 2026 the problem only gets bigger. We show clients how to gradually (and tax efficiently) convert traditional IRAs to future Tax-
Free Roth IRAs.
Strategic Tax Savings
With SRC, you won't miss out on any tax-saving opportunities. Tax rules are constantly changing. We track the changes and identify and leverage every avenue to minimize your tax liabilities.
How Our Tax Planning Works in 3 Easy Steps
At Senior Resource Center (SRC), we have refined our tax planning process to ensure simplicity and effectiveness.
Here's a breakdown in three straightforward steps:
Step 1: Initial Consultation
We initiate the process by arranging a Free Consultation with one of our experienced tax planners. In this meeting, we aim to understand you, your financial objectives, and your individual situation. We'll also evaluate your present financial status and pinpoint potential tax-related issues.
Step 2: Customized Tax Strategy
After a thorough analysis, our team will create a customized tax strategy tailored to your specific needs and goals. This strategy will outline the tax-efficient measures you can implement to maximize your income while minimizing tax liabilities.
Step 3: Enjoy a Secure Retirement
With your personalized tax strategy in place, you can confidently move forward towards retirement, secure in the knowledge that you have a plan designed to protect your assets and provide financial stability throughout your golden years. Say goodbye to uncertainty and hello to a tax-efficient retirement.
Step 1: Initial Consultation
We initiate the process by arranging a Free Consultation with one of our experienced tax planners. In this meeting, we aim to understand you, your financial objectives, and your individual situation. We'll also evaluate your present financial status and pinpoint potential tax-related issues.
Step 2: Customized Tax Strategy
After a thorough analysis, our team will create a customized tax strategy tailored to your specific needs and goals. This strategy will outline the tax-efficient measures you can implement to maximize your income while minimizing tax liabilities.
Step 3: Enjoy a Secure Retirement
With your personalized tax strategy in place, you can confidently move forward towards retirement, secure in the knowledge that you have a plan designed to protect your assets and provide financial stability throughout your golden years. Say goodbye to uncertainty and hello to a tax-efficient retirement.
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Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
*A professional advisor should be consulted before implementing any of the options presented. No content should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.
Senior Resource Center
Service Areas
Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
*A professional advisor should be consulted before implementing any of the options presented. No content should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.
Service Areas
Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
*A professional advisor should be consulted before implementing any of the options presented. No content should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.
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