Transcription of Tax Diversification of Retirement Assets - AIG
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Tax Diversification of Retirement Assets - AIG
QoLWHEN IS ASSET GROWTH TAXED?TAXED NOWTAXED LATERTAXED NEVERCDs and Money Markets401(k)/403(b) AccountsRoth IRAsMutual FundsTraditional IRAsCash Value Life Insurance2 Savings AccountsTax considerations of Retirement assets1 BackgroundMany people understand the benefits of diversifying investments among asset classes to help manage the risk and return of a Retirement plan . But Diversification can also be used to help manage the tax treatment of Retirement Assets resulting in the potential for higher net income during Retirement years. Taxable Assets401(k)/Traditional IRAsRoth IRAsCash Value Life Insurance2 Tax-Deductible ContributionslIRS Does Not Limit Contributions Due to IncomellTax-Deferred GrowthlllNo Penalty for Early WithdrawalsllTax-Free DistributionsllNo Required Minimum Distributions at 70 lllWill Not Increase Social Security Taxation or Medicare PremiumsllIncludes Income Tax-Free Survivor BenefitlFeature comparison of various assets11 The descriptions and features of the various Assets in these tables are for general information purposes and address the most typical circumstances.
PROBLEM: 401(k) withdrawals are taxed as ordinary income3 In addition to some rental properties and their Social Security, John and Jane Kozlow’s retirement plan consists only of their 401(k) plans.
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