In the second part of this webinar series, Michael explains some common miss steps people make when considering their tax strategy when planning for retirement. He points out that people often do not realize how taxes are related to and affect all other aspects of their financial plan, particularly how it can affect the Social Security benefit.
Michael emphasizes the importance of coordinating all aspects of your plan in the most tax-advantaged way. He highlights the relationship between Social Security benefits, pensions, and RMD’s from IRA accounts.