Incorporating housing wealth and lifetime annuities in your retirement income plan can offer a significant tax-cost advantage over a traditional investment-only plan.
Editor’s note: This is the fourth article in a five-part series about all-asset retirement planning that is covering such topics as using lifetime annuities and housing wealth, making the most of tax benefits and managing investment portfolio risk. The first articles are: It’s Time to Redefine Retirement for Retirees With $500,000 to $5 Million, Unlock Housing Wealth and Tax Benefits by Adding Lifetime Annuities to Your Retirement Plan and Does Your Retirement Plan Ignore Half of Your Net Worth?
So many details factor into retirement planning: Income needs, how much to leave to heirs, protection against long-term care costs and, just as important, leisure and travel.
And then there are taxes.
Don’t read this article for advice on avoidance. Taxes must be paid. You can exert some control over how much you pay, however, and when you pay them.
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