This is the time of year we say our goodbyes to the tax season, and hopefully you found a few credits and deductions to save some tax dollars. But is tax season really over?
There’s a helpful tax strategy you can use anytime of the year. On page 3 of the newsletter we explore tax deferral, including several ways to defer tax not only during the year, but throughout your life.
In wealth accumulation years, many people once felt great pressure to reach their retirement nest egg objective by age 65, or earlier. But these days, earning income past 65 is quite common. The page 2 article examines the new normal of financial life during traditional retirement years.
On page 4, we look at a couple ways to protect your savings and assets. One article talks about safeguarding your finances if you ever lose the ability to manage your own financial affairs. Another article explains how life insurance can protect the value of your estate assets against the effect of taxation.
We hope you and your family enjoy the rest of the spring. Please click here to read >> Assante Well-Advised newsletter
Ted, Eric, Rob and Chris
Thomson Financial Partners
P.S. Which life goal will your TFSA help you achieve? On page 1, you’ll find a list of five potential uses for your Tax-Free Savings Account (TFSA).