What is our (TERM) Tax Efficient Reduction Modeling software?
Our software take into account Pensions, Social Security, Distributions from Non-Qualified and Qualified Accounts, Roth Conversions, Annuities, and Life Insurance Policies to save clients hundreds of thousands of dollars in taxes when compared with ‘ Normal Retirement Income Strategies’ * It builds a path to effectively minimize taxes over the long-term life of a client’s income stream while maximizing the distribution of wealth with efficiency. It does this by using up to 5000 scenarios to come up with the right solution, without taking the advisor out of the process.
Our software take into account Pensions, Social Security, Distributions from Non-Qualified and Qualified Accounts, Roth Conversions, Annuities, and Life Insurance Policies to save clients hundreds of thousands of dollars in taxes when compared with ‘ Normal Retirement Income Strategies’ * It builds a path to effectively minimize taxes over the long-term life of a client’s income stream while maximizing the distribution of wealth with efficiency. It does this by using up to 5000 scenarios to come up with the right solution, without taking the advisor out of the process.
Current Scenario Results:
Proposed t.e.r.m Scenario Results:
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By age 75 have increased effective tax rate in the short term but have created an additional $159,122 to heirs after taxes, while only paying just over $6,000 in additional taxes.
By age 85 their taxes are over $35,000 less and they are able to pass on almost $300,000 more to their heirs. By age 95 have created at additional 507,999 after taxes to heirs and decreased their taxes by well over $100,000. In both scenarios the income to the client to accomplish their desired standard of living was the same. |
* Normal Retirement Income Strategies include, but are not limited to, deferring Traditional IRA and 401(k) income until RMD’s Required Minimum Distributions begin, minimizing taxes early on in retirement. Furthermore to add hundreds of thousands of dollars your client usually needs to have at minimum of $1,000,000 in Retirement Assets.
