This week on Retire With Balance, join host Kristen Oakley and expert Rob Auclair as they tackle the complexities of retirement taxes. They’ll guide you through essential strategies to minimize your tax bill and maximize your savings. Don’t miss these invaluable insights.
Topics Discussed:
- Retirement tax planning strategies
- Traditional vs. Roth IRAs benefits
- Understanding and leveraging annuities
- Roth conversions for tax savings
Transcript:
Kristen Oakley:
Hello Rhode Island and welcome to this week’s edition of Retire With Balance, the show that takes the complexity out of your retirement planning. I’m your host, Kristen Oakley, and joining me in the studio is Rob Auclair. He is a financial planner with Balanced Wealth Management located right here in Rhode Island. Rob, my friend, great to be back with you for another week.
Rob Auclair:
Great to be back here. Thank you.
Kristen Oakley:
Well, and tell me a little bit, I know folks get to know you as the financial planner and of course the face of Balanced Wealth, but you are also a husband and a father, so talk a little bit more about your family.
Rob Auclair:
Sure. My wife, Amanda, is a school teacher in West Warwick, so she has been teaching there over 20 years. It’s gone by really, really fast. And we have three kids, my daughter Valerie, who is a senior, and my son Andrew, who is a sophomore, both at North Kingstown High School and my son Matthew, who is a seventh grader in the middle school in North Kingstown. So that kind of gives you their stats, but a very fun family. We’re real, and we’re friends, but we also need to be parents to our kids, and I think we do a good job. So my wife has always, someone always said it best, they said, if something ever happened to me, I’d want your wife to be their mom.
That’s a high compliment.
I guess I am lucky even though I bust our beans all the time.
Kristen Oakley:
Right. Well, we know it’s a family affair and they allow you to be able to come out and serve and do what you do both here on the TV show, but in the community as well.
Rob Auclair:
Yeah, thanks for asking.
Kristen Oakley:
Of course. Well, you’ve put together a jam-packed show for our viewers at home. We are going to be talking about taxes today, specifically taxes in retirement because the reality is the tax bill does not go away and unfortunately for many folks it can actually go up. And what’s interesting, Rob, is the tax code was actually written to help people pay the least amount of tax legally possible. Most people don’t know that, but the problem is a lot of folks are playing a game that they’ve never been given the rules to or the rule book to. So we’re going to peel back the curtain today and talk about taxes in retirement. And this is something you do for folks is engage in proactive tax planning, all with the effort to help lower that tax bill in retirement.
Rob Auclair:
So when it comes to financial planning, especially investments, it is so important to know the tax end of things. And I do pride myself on it. I came from a background of an accounting degree, but I also own part of a tax practice for about 10 years and did about a hundred tax returns a year. So I will never do another tax return again. However, I do go through it with our clients and I make sure that their CPA is able to, we have good relationships with them. So what’s really great is when I talk to a CPA of a client of ours, they understand that I understand it – maybe not to the level that they’re at, but I’ve been there, I’ve done that. So they understand that I make moves for my clients knowing that it’s a chain reaction and that what we do in one thing affects another thing.
And especially when it comes to taxes. So, you know, when we look at the different tax brackets, they’re anywhere from 0% up to almost 40%, and there’s all these layers and people will be like, I pay 24% in taxes. That usually would mean that’s what we call your marginal rate, the last dollar that goes there. So a lot of people, you want to see what the average is that you’re paying. So if you’re probably in the 22 to 24% tax bracket, you might be paying 15% on every dollar that you make. It’s really good to know that. So we try to make clients aware of that very easily, and with our experience as a firm of being having a strong tax background, we’re able to help them really, really understand what’s there. So yeah, I mean I think it’s really important to understand where you’re at at any given point in time. For
Kristen Oakley:
Sure. Well, and I know that this is something that you actively are looking ahead. I’ve heard it said that tax preparation is kind like looking in the rearview mirror, right? You’re looking at what happened last year, you’re working with your CPA to figure out how much tax you owe for the last year, but tax preparation or tax planning rather, I’m sorry, you’re looking through the windshield of the car, you’re looking ahead to see, okay, how are these chain reaction decisions? What’s going to happen with that and how can you pay the least amount of tax possible?
Rob Auclair:
Right. Yeah. So what we want to do is we start with what you did last year, we can see every single line item, and they’ve really kind of simplified the tax return, which is called the 1040. And then what we do is we walk through with our clients what’s changed. Wages, have they changed? And really what the big thing comes in is when people retire, maybe their wages were a certain amount and now they’re zero, and now they’re going to be taxed on some portion of social security, and we can plan that out so that then they then understand, okay, I’m withholding the right amount. There’s no surprise come April 15th of next year, and then I’m either mad at my accountant or I’m mad at my spouse, or I’m mad at somebody because I owe all this money. You really should have paid it on time, but part of it’s the planning part, and when you have major transitions, to me that’s a really important time for us to take a look at where you’re at and where you need to go to. So if you had an increase in your salary or a decrease in your salary, you should definitely be looking at it. If you have a withdrawal from an IRA, you should be looking at it. If you’re moving to retirement or claiming social security, we should be looking at it.
Kristen Oakley:
Now as part of your financial planning process and helping folks figure out their investment strategy, how do you go about creating greater tax efficiency throughout someone’s full financial plan?
Rob Auclair:
Yeah, so I think the first thing is to understand that you have an IRA, which I think we kind of heard of – you know about individual retirement account – and anytime we can defer taxes. So for instance, you can put in $6,500 or another $1,000 if you’re over the age of 50 into an IRA. So if you’re deferring that and you’re in a 20% tax bracket, the cost of putting away 7,500 might only be 6,000 because you’re not paying taxes on that right now. And that’s important to realize that you can within the IRA get a deduction upfront and then as it grows, you’re not paying any taxes on that opposed to if you had a bank account and you earn 5%, you got to pay taxes on that in that given year. Another place to look, is we talk about mutual funds, and a lot of people don’t understand this, and this really is an important piece, is that even if you didn’t sell a mutual fund or in cases where maybe your mutual fund went down in value, you can still be taxed on it in a year.
So you’ve done nothing. And the way a mutual fund works is you’ve got this bundle of stocks and inside of it you could have anywhere on average from 50 to 200 stocks. They’re buying and selling those for you. You still own the mutual fund if they’re selling stuff that then they bought cheap but sold it and it’s expensive and then they’re buying something else. You may not really have seen that, but that’s called a passive capital gain. So you owned that mutual fund, you said, I didn’t sell it. Why am I paying taxes? And in certain cases it actually goes down, it can go down in value and you’re like, all right, I lost X thousand dollars and I’m paying taxes and
Kristen Oakley:
I’m still paying taxes
Rob Auclair:
And I own it. So to be aware of that, so way to kind of combat that would be we have exchange-traded funds and the reason why they’re very similar to mutual funds, but what they’re holding is a very standard amount. So let’s say you had the S&P 500 and it was the iShare is a company that Barclays or Mutual fund that Barclays owns, and in there might be the Fortune 500 companies. There’s no movement there. So it’s just growing or going down. There’s no passive capital gains. Now if you go and you bought it for a $1,000 and it’s worth $3,000, you now have a $2,000 gain, but you took action on it, you should be aware of that. And that’s the other piece we need to be aware of – anytime we’re making transactions within an account that’s not an IRA, you need to be tax-aware
Kristen Oakley:
For sure. Well, I know another thing folks can get tripped up on is this whole tax deduction versus the standard deduction. So talk about that a little bit.
Rob Auclair:
Yeah, so we have a lot of people that will say to us, I’m going to donate all this and I’m going to help me on my taxes or –
Kristen Oakley:
Right, it’ll lower my tax liability this year.
Rob Auclair:
Yeah. Or I had a client that said to me, would it be better if we just took out a home equity line of credit right now? Which right now the rates are 8.5, 9%, which doesn’t make a lot of sense, but saying, well, that’s going to help me on my taxes. For the most part, what’s happened is when Donald Trump came into office from 2017 to 2018, the standard deduction for a married couple filing jointly was 12,000. It doubled to 24. So what that means is if you had income of 100,000, you automatically get a $24,000 deduction, married filing jointly. If we go to Schedule A, you think of it as kind of one versus the other. I got 24,000. Can I beat that? That would include interest on your house, it would include taxes that you pay, it would include donations in some cases, some medical expenses could be there. A lot of people can’t get more than 24,000. So in many cases this isn’t helping you because you automatically 24 is more than your deduction. Already bigger deduction, and that’s going up to 27,000 in 2023, and it’s going to keep going up unless it gets repealed upon a new president coming in.
Kristen Oakley:
Which things are always changing. I think that’s the other issue with taxes is we have this thing called legislative risk. A new administration can come in, tax laws can change at the drop of a hat. And so you are very proactive in planning ahead based on what we know, but you have to be up to date on all these tax changes and how they implicate for your clients.
Rob Auclair:
So I do think if you’re watching this and you’re saying there’s so many moving parts, what can I do? As part of our process, we start out with a complimentary meeting or it is two meetings on the phone. We’re collecting data from you, we’re holding up your balance sheet, we’re really going to look at your funds, especially like we talk about, we’ll look at the funds that are outside of IRAs. Are there going to be tax consequences in there? How can you better prepare for that? And then being able to look at, do I have enough money? Where am I going to draw from? Does it make more sense to take money out of something that I’m taxed on or not taxed on in retirement? And the other piece that we put in and for people that call in today is we can take a look at last year’s tax return, help you plan out 2023 or if it’s 2024, and help you plan that out to make sure that you’re catching everything that you can. So that is something we do all the time, and it is very, very helpful.
Kristen Oakley:
Absolutely. Well, Rob, thank you so much. For those of you at home, we encourage you to call that number on the bottom of your screen in order to get your complimentary written financial plan from Rob and the team at Balanced Wealth. Again, this is for no cost, no charge, no obligation, simply an invitation to come in and meet with them to see how they can help and serve you. All you need to do is call 888-398-2001. Also, you can take out your smartphone. Just open up that camera app. You can point, click and scan that QR code down in the bottom right hand corner of your screen that will take you over to a landing page, ask you a few short simple questions, and then a member from the team will reach out to connect with you to schedule your complimentary meeting that way as well. When we come back, we’re going to talk about more things related to taxes and how you can create greater tax efficiency in your full financial plan. Stay with us.
Announcer:
The work never seems to end until the day it finally does. After nearly a lifetime on the job, you should be rewarded for all the time you spent working, whether that’s crossing off items on your bucket list, learning a new passion or rekindling the love of an old one. After all, life isn’t over when you stop working, it’s the start of an all new chapter, the one where you are the writer and you get to choose how your story will go. A way to achieve that is by having a clear financial plan to sustain your golden years. The biggest fear most retirees have is if they’ll have enough money to maintain the lifestyle they’ve always enjoyed. Having a plan to help protect you against the curve balls life often throws will help to maintain your lifestyle. Call today to get your free written financial plan so you may live every day to the fullest and enjoy the retirement of your dreams.
Kristen Oakley:
Welcome back, Rhode Island. You’re watching Retire With Balance. I’m your host, Kristen Oakley here with Rob Auclair, financial planner from Balanced Wealth Management and a great conversation we are having today about all things taxes. How do you know if you have the most efficient tax plan for your retirement? And this is something you’re really passionate about doing for folks.
Rob Auclair:
Yeah, I think when there’s a tool out there and we want to use it, we need to understand it and we need to engage and use it. We don’t just talk about it. I can’t tell you how many people say, oh, should I do this type or IRA or should I do this type? And they hold themselves up on it instead of really just doing it. And then if you want to spend the extra layer of time, alright, which one’s better for me? So I think we talk about Roth IRAs, traditional IRAs, and that really could even mean 401ks that are traditional and Roth 401ks.
Kristen Oakley:
Which we’re seeing a lot more companies are offering that option now as well.
Rob Auclair:
So we need to understand how those both work. So the graphic that I have, which compares the traditional IRA to the Roth IRA, this I think shows us right here that if we look at contributions on the traditional IRA and the Roth, you can put in $6,500 a year plus another thousand if you are over the age of 50. And then in 2024 that goes to $6,000 plus another $1,000, so actually goes to $7,000 and another thousand to $8,000. So the contributions on a traditional IRA at the beginning, you’re getting a tax break, they’re growing tax deferred, and when you pull them out, you’re taxed at that point. So always think about it. The government is going to tax you at one of those beginning or endpoints. And so when we look at the traditional IRA, your benefit is upfront. On the Roth IRA, it’s an after tax dollar. You’re not getting a tax deduction upfront. It grows the same. So we see what’s in white there is very, very similar for both. And then when we pull it out, the Roth IRA is actually tax free, so you can’t see it there, but that should have been like a blue block. So what you can see is the
Kristen Oakley:
A winner, right?
Rob Auclair:
Yeah. The winner for each. So I think it comes to which one of these are better for us? Do I want a tax deduction today or do I want a tax deduction tomorrow? If I want a tax deduction today, I may do that because I have a high income. So if I’m in a tax bracket that’s 20, 22, 24 or wherever it is, and I can save that percentage upfront, it may make a lot of sense for you to actually do that right now, take that, and then later on pay a tax. And theoretically you’ll be in a lower tax bracket when you take it out On the other side of things, if you had the Roth, you’re going to put your money in today. If you’re in a low tax bracket, you’re able to end up doing that. So it makes a lot of sense that, okay, I’m going to lower tax bracket, I’m going to be taxed on that amount of money. I don’t need a tax break today. Hopefully my income goes up over time and it can come out tax free later.
Those are kind of the general scenarios in that. But really where I see this is I always use my family and my mom and dad just because they’ve been through it. It was firsthand. I remember my mom wanted to take money out to help my sister pay for a car and she said, every time I take something out, I got to take out 20% more. And I’d be like, I know because it’s all in an IRA. Well, why does it have to be like that? And what it was was Roth IRAs are newer. Yes, they are now. They weren’t around really until the late 90s probably, and they really weren’t more common until the last 20 years. And so I think when that happened, wouldn’t it be nice to have a pool of money that’s tax-free and a pool of money that’s possibly taxed and then you can use that to say, alright, I need X amount and I’ll take this from this and this from this. And it allows us to do that tax planning and be able to pivot on a regular basis.
Kristen Oakley:
Well, and it’s interesting you bring that up because a lot of folks enter retirement with three types of accounts, typically taxable tax deferred, and then these tax-free accounts. And it’s so important to your point to know what your withdrawal strategy is going to be. Meaning which accounts do I withdraw from first to support me in retirement? How much do I take out when because of these tax implications?
Rob Auclair:
Yeah.
Kristen Oakley:
And we want you to keep as much of your hard earned money as possible. That’s the goal, right?
Rob Auclair:
Right. Absolutely. So again, if this is something that’s of interest to you, when you do initially come in to see us, we look at how much should you be putting into a traditional IRA and a Roth ira because we’re going to look at your tax analysis of what you’re making and we can help you. Again, there’s very infrequent times when it’s just absolutely do that one or that one and we use that balance. Where do we fall? Maybe some goes into Roth, maybe some goes in traditional, but we’ll help you do that as we put together that written financial plan.
Kristen Oakley:
Wonderful. Rob, thank you so much to our viewers at home. Again, that number to call to get your very own complimentary written financial plan from Rob and the team at Balanced Wealth is there on the bottom of your screen. Simply call 888-398-2001. Or again, you’re welcome to scan that QR code down in the bottom right hand corner and that will get you connected as well. More on this important subject of taxation and retirement right after this.
Announcer:
As a good saver, you’ve been putting away money during your working years. Studies find that the biggest fear of retirees is running out of money. Market volatility isn’t just a downward movement of stock prices, it’s the size and frequency of change. The more dramatic the ups and downs, the higher the volatility. This can put savers who are newly retired or a few years away from being retired at greater risk. Today’s generation of retirees is not receiving traditional pensions as our parents or grandparents did. Instead, we have retirement accounts such as 401ks or 403bs. These accounts typically expose your money to market risk. The last thing you want right before retirement is to lose a portion of the money you need for income. But how do you turn these accounts into a retirement income? Is it safe to keep all your retirement money sitting in the stock market?
The last thing you want is to lose a portion of the money you need for income due to market loss. By working with a financial professional, you can learn how to turn a portion of your savings into an income stream for life and income for the life of your spouse If you’re married, we all have moments in our lives when we wish we had taken action sooner. Don’t let procrastination reign on your retirement parade. Act now before it’s too late, please call our office to set up your no cost, no obligation retirement income review today.
Kristen Oakley:
Welcome back to Retire With Balance. I’m Kristen Oakley here with Rob Auclair, financial planner from Balanced Wealth Management based right here in Rhode Island. And we are having a very important conversation today about taxes, specifically tax planning for your retirement so that you can keep more of your hard-earned money. And Rob, I want to go back to, we were talking about some strategies and the decisions people have of do I put money into a traditional IRA or traditional 401k or do I use the Roth option? One of the things I’m hearing a lot of folks are doing right now is something called Roth conversions. Talk about where we are in our country’s tax history right now and why that could potentially be an advantageous strategy for someone to employ right now.
Rob Auclair:
So we’ve talked about these different tax brackets and right now our tax brackets, even though we don’t like them, we never like a tax, are traditionally on the lower side. It’s
Kristen Oakley:
The third lowest we’ve ever had, right in history, these brackets –
Rob Auclair:
And so there’s a repeal coming up, I’m sure, or possibly that depends on who the next president is and who comes in and how they may actually sunset that provision. And we could go back to a much heftier tax, meaning maybe we take advantage of the tax rate that we’re at right now.
Kristen Oakley:
The one that we know versus the devil we don’t know, right?
Rob Auclair:
I mean, if anything, we stay the same. I think, and again, I hate to say what I think, but
Kristen Oakley:
Sure, we don’t know what’s going to happen.
Rob Auclair:
Best case scenario, we’re kind of stay where we’re at. Worst case scenario, we go back to the other ones, which means you’re going to hit higher tax brackets much quicker, which would mean if you did a Roth conversion later on, you might be taxed at a much higher rate. So when we do a Roth conversion, it’s good to understand how they work. So a lot of people say, let’s just do a Roth conversion. That sounds great because when I get my money out, it’ll be tax free. That’s true, but you’ve yet to pay taxes on it. And what the government is saying is we’ll allow you to move it over from a traditional to a Roth. But when we do that in that year, whatever amount you move over, add it to your taxes. So when you’re in a lower tax bracket, we have clients that they may take a year off from work, don’t go back to work, and they say, Hey Rob, my income is so low right now, great time to do a conversion.
A Roth conversion, they might be in the 10% bracket. They might be able to say, Hey, I’m going to do that, still pay 10 or 12% on that because I have to do that right now, but when I retire I’ll probably be even higher than that. So it makes more sense. So this is a good time to possibly do that, but what you need to understand is you’re still going to pay tax when you convert it, but it will be tax free later on down the road. So again, it takes, I don’t want to say precision, but you really need to look at your tax return, project it out, see where you’re at with that
Kristen Oakley:
For sure. Well, it’s interesting. You mentioned the word annuities earlier in the show, and you and I both know that annuities tend to get a really bad wrap, but you and I both know that there’s different types of annuities. Not all annuities are the same. And a lot of folks, we’ve seen a huge spike in 2023 in annuity sales, partly because of the tax treatment of those investment vehicles. So touch on that for folks.
Rob Auclair:
So I always try to tell people that you’ve got two pieces of an annuity. You’ve got what we call an immediate annuity, which means I’m turning a certain amount of money over to an insurance company and almost making my pension, for instance.
Kristen Oakley:
It’s like a personal pension that you’re turning on, right?
Rob Auclair:
Yeah. So here’s $100,000. I want to make sure that it’s there for my wife and I, what are you going to give me per month? But it’s irrevocable and we can’t change it. And so when we do that, they might say, you’re going to get $500 a month, and I don’t have the right number down. There’s a big calculation and it’s there. But if something were to happen to both of you within a year or two, then there’s nothing left. And there’s all sorts of ways to add beneficiaries, but that can be a great piece, especially for people that say, listen, I need solidarity in my retirement. I don’t want to be saying the market does this or have to do anything different. I love that I make the decision it’s over. I’m happy with that amount. What a deferred annuity is an annuity where you put money in right now that money grows tax deferred, and when you pull it out, what you’re taxed on is the growth first, and then that principle that you put in later.
So if you put a hundred thousand dollars in right now is one of the best times I’ve ever seen for what we call fixed multi-year annuities. And the word annuity itself just means it’s getting some protection. So as it grows, let’s say right now 6% we’ve seen, and we’re in November of 2023, what we’re seeing is if you’re in a 20% tax bracket, you’re not paying taxes on it while it grows, that’s equivalent to 7.2%. It’s fixed as it grows. You’re not paying any of taxes in there. When you go to pull it out, you can roll it over and do it again, but if you pull it out and use it, whatever you’ve made will come out first as taxable. And then what it will do is then you get into the stuff that you’ve already paid taxes on so it gets a bad wrap. You got to make sure it’s a good company. You got to make sure it’s appropriate because in those two circumstances, one is an irrevocable decision, make sure it’s the right decision. And then the second one is there’s some longevity there, but right now there’s some very, very good investment vehicles out there. We really like a lot of ’em. We try not to make them complicated. We make sure, like we said, good strong company product is straightforward, nothing that just even confuses me, nevermind confuse the consumer and we try to stick with those rules.
Kristen Oakley:
Right? Well, let me ask you this. I know you work with folks who are all over the board, but a lot of folks are entering and nearing retirement. At what point though, if someone’s watching who might be like myself mid-forties, several years until retirement, when’s the ideal time to really start engaging in this proactive tax planning?
Rob Auclair:
Yesterday?
Kristen Oakley:
Meaning it’s never too early to get started, right?
Rob Auclair:
So we do a lot of work at the University of Rhode Island, and every kid comes up to me and says, I was told I need a Roth IRA, I need a Roth IRA. Well, that’s tax deferral right there. So it is a hot topic, yes, I need to start looking into that. But I think as you’re earning more money and the government is taking more and more of your taxes and you want to protect it, you need to find these ways. So we’ve talked about trying to get money in an IRA max out your 401k plan, find some annuities that work for you and you get tax deferral out of them. Use exchange traded funds in non-retirement accounts. Those are some things right off the top that you can do, and I think that can bring some value to protecting that money. And when we kind of play it out and you look at something that’s tax deferred versus not tax deferred, I have a quick illustration here and the illustration, it takes a look at someone that were to have deferred a hundred thousand dollars at 8% return.
Kristen Oakley:
I love this. The power of tax deferral. I’m very visual as well, so I appreciate always your slides. They’re so helpful.
Rob Auclair:
So we look at the light blue, right? And so that person that started with a hundred thousand dollars 20 years ago at 8% rate of return now has $306,000. So they’ve paid taxes as they’ve gone along. The second person now layered on that dark blue amount, they actually have $466,000. So they saved 106, almost $160,000 by tax deferring this over a 20 year period. And I think this is very telling to compounding of your investment, not giving it up to the government right now and not paying those taxes is just so, so important that this is powerful. I mean, you look at, you have a hundred thousand, what if you’re adding to this thing? I mean, it compounds over and over again. And what we really like to show people is it’s never too late to do this. If you are 40 years old, great. If you’re 30 years old, great. If you’re 50 years old, it’s fine. If it’s 55, great. It doesn’t matter when you do it, it’s just extra money that you should be keeping in your pot to grow. And it’s just compound, compound, compound. So anytime you can not have money, leave, it is what we want to do. And that’s what tax deferral does for us.
Kristen Oakley:
And time is your biggest asset. I know for anyone who actually understands compound interest, I was first taught this stuff in my young thirties and I was like, dang it, I wish I had known this when I was 15, right? Because I would’ve had even more time on my side. But to your point, it’s never too late to get started.
Rob Auclair:
So I think it comes back to what can we do for our clients? And I think when it comes to tax deferral, you don’t want to say put everything all in one spot. It’s a balanced approach. And I think it comes down to, hey, what sort of risk do I take? When do I need the money? What is my tax situation? And when you put all of this together, it’s really important to bring it together and see it in all these different lights. So as we say, we have a complimentary meeting that would be if it’s useful and you question yourself as we go through this, do I have enough doing there? Could I put some more money there? What would it really cost me? What’s my tax rate that I’m paying right now? We can do that for you upfront. We can do that along with looking at your investments. Are they the right investments? Could I actually choose an investment that’s very similar, but I won’t have to pay taxes on it? So as we go through all of that, I think it’s really, really beneficial for someone when they come into us and they leave and they say, oh, you gave me great information. And some people are just ready to go. Other people say, okay, that’s something I need to think about, but thank you for giving me this guideline or this workbook that I can go do myself if I wanted to. Absolutely.
Kristen Oakley:
And it starts with understanding where you currently are, right? A lot of folks don’t even know how they’re invested, what the tax implications are. So being able to see it in writing is really powerful. Yeah, for sure. Well, Rob, thank you so much. You as always, you’re such a wealth of knowledge and I learn new things each and every week, and I know our viewers do too. Thanks again. If you would like to receive this complimentary written financial plan, just call that number on the bottom of your screen, 888-398-2001, or scan that QR code. We appreciate you watching. We’d love you Rhode Island, and we look forward to being back with you next week.
Balanced Wealth Management is a financial advisory firm that serves pre-retirees based in East Greenwich, Rhode Island. The firm creates and maintains wealth for its clients through long-term effective asset management. Their advisors aim to build client relationships based on trust, knowledgeable professional advice, continual communication, and swift personal service. They can be reached at (401) 398-2000, via email at info@balancedwealth.com, or on the web at www.balancedwealth.com.The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action.