READY TO SCHEDULE WITH THE WALKER TEAM?

There is a critical period in retirement planning, a span of roughly 10 years that largely determines the sustainability of your lifestyle throughout your retirement. This 10 year time frame has no set start age, like Medicare or Social Security, because this decisive decade is unique to each individual’s retirement date. For it is that date which marks your transition from the Accumulation Phase to the Distribution Phase of your financial lives, it is when you reach the mountaintop of wealth accumulation, retire, and begin plotting your descent route to see you safely to the journey’s end.

Have you ‘insured’ your retirement against the threat of higher future tax rates? Generally, when we purchase insurance, regardless of which type, we are paying a small amount of money today (commonly referred to as premiums) to insure against a major expense or concern later. Is there a way that you can apply this same concept to insure your nest egg against future tax rate changes? In other words, is there a way you could pay a little more in taxes today to protect ourselves from potentially paying much more in taxes later?
Have you ‘insured’ your retirement against the threat of higher future tax rates?

I recently asked this question at one of my FERS pre-retirement seminars and saw many confused faces peering back at me. “What do you mean?” was the collective telepathic response. “Well, income continuation can be designed with purpose, can be planned out, and income for a surviving spouse can come in a number of different ‘flavors’”, I then asked again, “What kind of income do you think your spouse would like if you were to pass away?”