Want More Tax-Free Retirement Income? One Man’s Whole Life Decision

February 24, 2021 by Michael Aloi

Jim is 53 and a longtime client. He is in sales, earning decent money. Lately, he is thinking more about retirement. He wants to create a stream of income to supplement Social Security. However, he does not want to invest more in the stock market. He feels he has enough at risk in his 401(k) and wants something different.

He is also concerned about how taxes will affect his retirement. Jim made only pretax contributions to his 401(k), and all his future withdrawals will be taxable. This will impact his future retirement tax rate. Jim also wants to leave an inheritance for his two girls.

Click HERE to read the full story via Kiplinger

Originally Posted at Kiplinger on February 23, 2021 by Michael Aloi.