Taxes | Investforlifetime

Understanding Taxes & Retirement

Check out our resources to better understand taxes and retirement, social security tax, and general tax schedules.

Tax Resources

Check out our library of resources below about taxes for a better understanding of how taxes affect retirement planning. Click the image or link to download the pdf.

The Power of Tax Deferral

When saving for retirement, consider how taxes impact your earnings over time. Below are three mathematical concepts that help demonstrate the power
of tax deferral.

2019 Federal Tax Amounts and Limits

To help you stay informed of changes to federal tax amounts and limits, use this quick-reference sheet. Note: This sheet applies only to federal tax laws for the tax year 2019 and not to state tax laws. Information is as of January 1, 2019.

Get Ready for a Tax-Efficient Retirement

If you’re concerned about taxes, you’re not alone. Three of four Americans we surveyed feel concerned about how taxes could impact their retirement.1 Tax risk can affect you today and could potentially erode your retirement income. The good news is that you can make solid decisions now to benefit you in the future.

Avoid the Social Security Tax Trap

You’ve paid into Social Security all your working life. Do you have to
pay federal income taxes on your benefits too? Not necessarily! With the
tax deferral in an annuity, you not only have the potential for long-term growth,
but you may also reduce the amount of your current taxable income.

Tax Facts and Tables - 2019 at a Glance

The first step in reducing
the amount of tax you pay
on your savings and personal finances is to get the facts.
Don’t wait until April to start thinking about your taxes.
Take the time now to learn the important tax rules that can
affect both your short- and
long-term financial strategy.