With retirement becoming increasingly complex due to longer lifespans and rising costs, Going CPAs & Wealth Advisors works closely with you to develop customized retirement income strategies. As CPA financial planners, we understand the importance of taking taxes into consideration in the accumulation phase but even more importantly in the distribution phase of retirement planning. A Roth conversion is the act of repositioning your IRA or other traditional retirement assets to a tax-free Roth IRA. Depending on your personal situation, a Roth IRA might be a tax-smart move to help lower your overall tax liability. With your retirement income goal in mind, we work with you to develop an income strategy to achieve it with comfort and security.
We work with our clients to develop a retirement income stream in the most tax-efficient manner that is different for each client. The purpose of retirement income planning is to identify the potential sources of retirement income and determine which may or may not be a good fit for your circumstances. Because all investors have different preferences, risk tolerance, and financial goals, what may be an ideal solution for one person may not work for another. These plans are ever-changing because your life and circumstances are not constant, predictable events. We continually make adjustments in our clients' retirement plans to ensure that they have greater freedom in retirement and can live comfortably during their retirement years.