Where Tax & Retirement Planning Come Together

We're your one stop shop for Tax and Retirement Planning.

Protecting Yourself from Stock Market Losses

How an Annuity Can Protect Against Stock Market Losses With the stock market volatility we’ve seen this year, annuities have become a popular way to mitigate risk for a portion of a portfolio.  Annuities are a contract between you and an insurance company and should...

Retirement Lifestyle – What To Do

What To Do In Retirement Retirement is what you make it. It can be enriching and relaxing, or adventure-filled and invigorating! If you’re sitting and wondering what to do when retired and bored, it may be a relief to know that there are plenty of options out there....

Did Early Retirement Sneak Up on You?

Did Early Retirement Sneak Up on You? These are challenging times for so many people.  COVID-19 has forced millions of Americans into an early retirement that they were not anticipating.  Just last week the airline industry announced over 30,000 job cuts. So what are...

Give Your Children or Grandchildren a Very Special Gift

Give Your Children or Grandchildren a Very Special Gift I was recently approached by a prospect who wanted to put some money into an account for his two infant grandchildren.  His thought was to start with $10,000 each and that would cover him for birthday’s and...

Retirement Planning during COVID19

With Arizona’s COVID-19 cases spiking and another mandated shut down, you may be wondering what you should be doing with your retirement finances. We want you to know we are here and ready to help. We are trying to respect your space with the virus floating around to...

COVID-19 and Your 401(k)

The financial crisis that has come with COVID-19 has taken a significant toll on the balances of 401(k)s across the country. The uncertainty of how much this pandemic is going to effect the economy in the future has many people asking what they should be doing with...

Why Attend a Class on Social Security

For the past four years, we have been teaching a class about social security.  You might be asking yourself why it is so important to learn about your social security benefits prior to filing.  Let’s try to put the importance into context.  If your benefit was $2000 a...

How to establish a tax-free retirement

Taxes, Taxes, Taxes. None of us like to hear that word, especially in retirement, but it’s something we all accept.  Did you know it’s possible to enjoy a tax-free retirement?  Yes, you could spend 20-30 years of your retirement in a tax-free world, with...

What is the Stock Market Doing?

Did you see what happened to the stock market this week?  Was it up or was it down? More importantly, what effect did it have on your retirement savings? If you are like most people planning for a retirement of some sort, you probably do not know because you don’t...

What is Wrong with Mutual Funds?

    Mutual Funds with Marc Montini While reviewing a prospective client's existing portfolio, it is not unusual to see the portfolio filled with only mutual funds. Few people are aware that this may not be the best approach to asset management.  With that being said,...

How to establish a tax-free retirement

Taxes, Taxes Taxes.  None of us like to hear that word, especially in retirement, but it’s something we all accept.  Did you know it’s possible to enjoy a tax-free retirement?  Yes, you could spend 20-30 years of your retirement in a tax-free world, with no withholdings needed and no tax bill on April 15th.  Accomplishing this feat just takes some planning with a firm dedicated to tax reduction strategies.  The earlier we can begin the planning process the better.   To accomplish this feat there are some things you need to know.  IRA distributions (from a 401(k), 403(b), or TSP) are all fully taxable and reportable income.  If those distributions range from $32,000 to $44,000, 50-85% of your social security will become taxable.  For example, if your IRA distributions were $45,000 and your combined social security benefits were $30,000, your taxable income would be $70,500 after the standard deduction (married filing jointly), you would owe tax on $46,500. With a little time and planning you can find the Roth IRA to be a very powerful tool.  Let’s look at the same income but reduce the IRA distributions to $20,000 and add $25,000 in Roth distributions, with the same social security benefits of $30,000.  In the scenario, none of the social security benefits are taxable, none of the Roth distributions are taxable, and only the $20,000 IRA distributions are taxable.  That income is completely offset with the standard deduction of $24,000.  That’s how you live a tax-free retirement. Click here for a no-cost consultation. Tax and Retirement planning go hand in hand.  You can’t do one without the other. So how do you get there?  First, it’s vital to establish a Roth IRA.  A Roth must be established for at least five years in order to receive the tax-free benefits.  Next, we want to research the viability of conversions from your traditional IRA into the Roth.  This is high-level of planning and should only be done with the help of a CPA or tax professional.   The process works like this.  Our financial advisors create an income plan for our clients that include a corresponding tax plan.  That tax plan tells us what your taxable income is going to be and what is the next tax bracket.  The difference is the maximum amount we would want to convert in that year.  Taking it a step further, our in-house CPA mocks up a complete tax return to help us choose the precise amount of withholdings we need to do in the conversion process to ensure you will not owe taxes come the next April 15th. Call our office today to schedule a no-cost consultation to see if a tax-free retirement is possible for you.  Call (480) 428-8005 or CLICK HERE to request your no-cost consultation.Written by Marc Montini, licensed fiduciary and IAR.

Protecting Yourself from Stock Market Losses

With the stock market volatility we’ve seen this year, annuities have become a popular way to mitigate risk for a portion of a portfolio. Annuities are a contract between you and an insurance company and should be viewed as an asset class. As with all asset classes such as stocks, bonds and real estate, annuities can be used as an additional option to diversify your entire portfolio. Let’s look at how an annuity can help you.

Montini&Co is a Registered Investment Advisory (RIA) firm with a simple, clear mission: to truly work directly for our clients. At Montini&Co, we provide comprehensive financial planning and investment management tailored to meet each client’s needs and goals.

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11811 N Tatum Blvd #1090 Phoenix, AZ 85028

(480) 428-8005

Marc@Montinico.com