Financial advisor Don Dirren is helping clients with tax planning strategies in retirement. These strategies are designed to minimize tax liabilities while maximizing retirement income for retirees of all ages. There are multiple variables covered during tax planning sessions.
Don Dirren evaluates clients’ deductions to discern whether the standard or itemized deduction will result in the minimum tax liability. This includes an analysis of available tax write-offs and the impact on clients’ portfolios. Accelerated retirement contributions for those still working in retirement are also examined for feasibility and practicality.
In addition, Don Dirren also reviews the deferment of retirement plan distributions based on the needs of clients and market conditions. The timing of voluntary and required distributions is a critical step in the tax planning process, and it’s important to understand the tax implications of portfolio rebalancing and spending. Don Dirren leverages his industry experience and combines it with illustrations of real-world scenarios to help clients manage their income and tax liabilities.
Don Dirren helps clients coordinate their tax planning with other important retirement financial decisions, such as life insurance products for seniors, long term care needs and social security income. Developing zero risk and zero tax retirement strategies is a right fit for many clients. Don Dirren and his associates work diligently to find the right strategy that is in accordance with the latest provisions of tax law and tax shelters.
Don Dirren is a Top Money Specialist with Bergen Financial Group and has over 30 years of experience as a financial advisor. He focuses on education and helping to protect, preserve and pass on wealth. As the owner and operator of two independent brokerage firms, and an ASU alumnus, he helps to support the community by providing insight gleaned from a long-time financial career.
As a trusted advisor and financial professional, Don Dirren serves his clients upholding industry best practices and ethical standards. Given the importance of tax planning in retirement, it’s critical to work with a professional such as Don Dirren to avoid unnecessary risk.
Tax planning in retirement is critical for maximizing retirees’ savings and their quality of life. Don Dirren helps clients at various stages of retirement assess their liabilities and optimize tax avoidance strategies. These strategies are designed to meet the specific needs of clients and their loved ones.