Action Financial Strategies, LLC (Investment Management, Financial Planning)’s Post

Don’t Outlive Your Savings: Strategies to Help Ensure You Never Run Out of Money... This week’s video tackles the pressing issue pre-retirees face: securing a stable income in retirement. Here’s a quick look at the takeaways you'll get: • The Impact of National Debt: How it affects your retirement savings. • Healthcare Costs: Preparing for rising expenses. • Strategic Roth Conversions: Save on taxes and grow your wealth tax-free. • Actionable Tips: Plan today for a worry-free retirement tomorrow. Watch now to learn how to protect and grow your retirement savings. 📈🔗 #RetirementPlanning #FinancialSecurity #RothIRA #TaxSavings #SmartInvesting #TaxPlanning #Saving #RetirementIncome #FinancialPlanning #FinancialDecisionsMadeSimple

As you step into retirement, how you withdraw your savings can make a world of difference. Without a tax-efficient strategy, you might end up giving away more of your hard-earned money to taxes than necessary, impacting the comfort and security of your retirement years. The solution? A withdrawal plan that minimizes taxes by strategically drawing from registered accounts, TFSAs, and non-registered investments in the right order. With thoughtful planning, you keep more of what you've saved, making sure your retirement funds last longer and work smarter. #RetirementStrategy #TaxEfficiency #SmartWithdrawals

Are you thinking about retirement? Then NPS is the option for you. This government-backed scheme will help you build a huge corpus at maturity. You can also withdraw 60% of the corpus tax-free! To know more and open your account, visit the link in comments! #RetirementPlanning #NPS #FinancialSecurity #GovernmentScheme #TaxFreeSavings #InvestSmart #FuturePlanning #RetirementGoals #FinancialFreedom #SecureFuture #TrueFin #WealthBuilding #InvestmentOptions #SaveForRetirement #PlanAhead [retirement, NPS, government scheme, financial security, tax-free savings, invest smart, future planning, retirement goals, financial freedom, secure future, wealth building, investment options, save for retirement, plan ahead]

Have you ever done the laundry and discovered cash in a forgotten pocket? What a nice surprise, right? Now imagine finding an old 401(k) account from a previous job—it’s like stumbling upon “free money” you didn’t even realize was missing. Thanks to the Retirement Savings Lost and Found Database, introduced through the SECURE 2.0, tracking down those forgotten accounts is easier than ever. Think of it as your financial “lost and found,” helping reconnect you with your hard-earned retirement savings. Visit: https://lnkd.in/ep-RgWVG Let’s make 2025 a year of smart financial moves—starting with finding what’s already yours!

We help high earners break through income limits to build tax-free retirement savings using the Backdoor Roth IRA strategy. Here’s how: 1️⃣ Contribute to a Traditional IRA: Income limits don’t apply to non-deductible contributions to a Traditional IRA. 2️⃣ Convert to a Roth IRA: Once your funds are in the Traditional IRA, convert them to a Roth IRA. This allows your investments to grow tax-free, with tax-free withdrawals in retirement. 🚀 3️⃣ Why It Matters: Roth IRAs offer no required minimum distributions and tax-free withdrawals—key benefits for long-term financial planning. 💡 Timing and record-keeping are critical to avoid unintended taxes during the conversion. Ready to leverage this strategy to maximize your retirement savings? Let’s work together to make it happen! 👇 #taxstrategy #backdoorroth #squareaccounting #retirementplanning #taxsavings #financialfreedom #wealthbuilding #taxplanning

The year’s almost over—are you maximizing your retirement savings? Here’s how you can end 2024 on a high note: ✔️ Max out your 401(k) with up to $23,000 (add $7,500 if you’re 50+). ✔️ Lower your taxable income to save big. ✔️ Grow your savings tax-deferred for a stronger financial future. 🚀 Don’t let this year’s tax advantages slip away! You have until December 31 to make contributions. Want more tips to supercharge your retirement planning and take control of your finances? 📩 Subscribe to our newsletter and receive weekly financial education delivered straight to your inbox 👉 https://lnkd.in/e8pN2HxC #FinancialEducation #RetirementPlanning #TaxTips #DYIWealth

⏳ Did you know the SECURE Act raised the RMD age? Here’s why that’s important for your retirement. The SECURE Act pushed the Required Minimum Distribution (RMD) age to 72. 📅 But that’s just one of many changes impacting your retirement savings. If you haven’t adjusted your financial strategy yet, you could be losing money—sometimes without even realizing it. 💸❌ Our course at https://lnkd.in/eCu5fJQM gives you step-by-step guidance on how to adjust your retirement plan to minimize tax penalties and maximize savings under the new regulations. 📚💼 Don’t leave your retirement to chance—get the knowledge you need to secure your future. 🚀 [https://lnkd.in/eXeDgKXU] #RMD #retirementplanning #taxplanning #financialfreedom

TSP: A Cornerstone of Your Retirement, Not Your Only Pillar While the TSP is a fantastic tool for federal employees, it's essential to remember that it's just one piece of your retirement puzzle. To build a robust financial future, consider diversifying your investments beyond the TSP. Explore options like: - ROTH TSP - Stocks and bonds - Real estate By combining these strategies, you can create a more resilient retirement plan. Let's connect and discuss your specific goals and explore additional investment opportunities. #retirementplanning #FERS #federalemployees #TSP #investing #financialadvice #FERSretirement