Tax Strategy and How to Get the Most out of Your Retirement

- Tips, Insights, and Suggestions to Plan a Successful Retirement

Jeff Wilson II is principal of The W2 Group, LLC., a solution-driven accounting and advisory firm specializing in bringing cloud-based solutions and efficiencies to their clients, including associations and government contractors. The firm is an SBA-certified 8(a) Small Business and MBE-certified accounting firm headquartered in Upper Marlboro, MD. He recently sat down for an interview with Ellen Bryan in which he elaborated on the concepts of tax strategy and how to make the most out of retirement, how financial changes during retirement, including changes in tax deductions and income, can impact retirees and how pre-retirees can best plan ahead to set themselves up for a successful retirement. 

Jeff shares about why the fortitude to think futuristically when it comes to tax planning and financial planning is such a critical trait to possess, the common mistakes he sees, and helpful tips on how to plan ahead and successfully reduce tax liability during retirement. He also shares tips on the best kinds of retirement accounts to utilize. For example, he suggests converting traditional 401k plans to Roth IRAs that do not have required minimal distributions. Check out the video below for more information on how to make the most out of your retirement!