Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
The benefits of tax diversification in your retirement plan Clients are advised to put their retirement savings in investment accounts with different tax treatments as part of their retirement income plan, a certified financial planner writes for the San Francisco Bay Times. "The advantage of owning a tax-diversified mix of assets once you reach retirement is that it helps you to manage your tax burden on a year-to-year basis, per your personal circumstances," the expert explains. "Managing income levels effectively in a particular year can help limit the amount of taxes due in that year. Depending on your income level, a portion of Social Security benefits may be subject to federal income tax."
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