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The Complete Cardinal Guide

TO PLANNING FOR AND LIVING IN

RETIREMENT

WE HELP YOU EMBRACE THE 7 WORRIES IN RETIREMENT

62+ Taxes.

THE CARDINAL GUIDE TO:
Strategizing Income Taxes

Social Security income is partially taxed depending on your other income.

■ Medicare applies a surcharge to high-income beneficiaries.

■ Long-term care insurance has tax benefits.

 IRAs let you postpone income taxes, but you can’t avoid income taxes altogether.

 Investment income is taxed depending on how it is held.

 There are income taxes even in death.

Long-term care implications of income taxes: Long-term care costs can be a deductible medical expense that offsets other income.

 Get professional help with your income tax preparation.

■ If you’d like to learn more about the above statements, or if you have any questions, fill out the form below.

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Cardinal Lessons with Hans.

Useful Documents.

Get a free download of the Income Tax chapter from both “The Complete Cardinal Guide to Planning for and Living in Retirement” and the “Workbook”!

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