Taxes & Tax Planning

Major Changes That Could Happen During Your Retirement Lionsgate Advisors

Major Changes That Could Happen During Your Retirement

October 4, 2021
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Do you ever feel like you live in a completely different world than you did 20 years ago? It’s worth thinking about how different it will be in another 20 years. Beyond cultural and personal changes, we could see major economic changes that could affect us in retirement. It’s always worth knowing what’s going on […]

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Should You Pay Taxes Now or Later? Lionsgate Advisors

Should You Pay Taxes Now or Later?

September 27, 2021
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No one can fully escape taxes, but you do have some say in when you pay them. Different types of retirement income are taxed at different times. Orchestrating these sources in retirement can take some work, as the rules for each differ. Under the umbrella of tax-advantaged income sources, there are those that require taxes […]

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Examining the Future of Social Security, Medicare, and Your Taxes Lionsgate Advisors

Examining the Future of Social Security, Medicare, and Your Taxes

September 20, 2021
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The Social Security trust fund is now expected to be depleted by 2034, according to a recent report from the Social Security and Medicare trustees.[1] That’s one year earlier than they reported last year, and the pandemic is to blame. Less was collected in payroll taxes when unemployment was high, and more people claimed benefits. […]

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Three Eroding Forces on Your Retirement Savings lionsgate advisors

Three Eroding Forces on Your Retirement Savings

September 7, 2021
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Over 60% of Baby Boomers are more afraid of running out of money than of dying, according to a recent survey.[1] Even retirees who have saved a substantial amount for retirement may be worried about outliving their savings, and there may be good reasons for this. The potential for higher taxes, inflation, and healthcare costs […]

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Plan for the Tax Rates of the Future Lionsgate Advisors

Plan for the Tax Rates of the Future

August 30, 2021
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Retirees may no longer receive taxable income from an employer, but they will likely receive income from other sources which can be taxed. And while we know what the tax rates are now, we don’t know what they’ll be in 10 or 20 years – or even one year from now. This is why it’s […]

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