XML Financial Group CEO and Co-founder, Brett Bernstein, CFP®, recently spoke with U.S. News & World Report discussing how taxes continue to impact retirees and become more complex when withdrawing from multiple income sources, such as Social Security, pensions, retirement accounts, and taxable accounts. Brett also discusses how strategies like tax-loss harvesting and thoughtful portfolio construction can help retirees manage taxes and stay on track with their financial goals. The article highlights that the tax treatment of these income sources depends on factors like total income, tax brackets, and state policies.

Brett stresses the importance of having a comprehensive financial plan, ideally with the help of your XML Wealth Advisor, to navigate the complexities of retirement taxes efficiently.
 
Read the full article here. 

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