Retirement Consulting

More than half of all Americans are behind on their retirement planning according to a recent report. And with just 12 percent of U.S. households contributing to an IRA in tax year 2013, you might be one of them.

If you’re not, then you’re ahead of the game.

But if you’re one of the 21 percent of employees that, according to a 2015 PwC survey, have saved nothing at all for retirement, then it’s not too late to start planning for retirement–no matter what your age.

Now is the time to start planning your financial future.

If you’ve been diligent about planning for your retirement, you already know that taking advantage of your employer’s 401(k) or contributing to an IRA is a smart retirement income planning move.

You probably know that there’s a lot more to retirement planning than just contributing to an IRA. You need a savvy tax professional on your side who understands that the key to your financial future is evaluating your current financial situation and creating a plan to make sure your assets grow to meet your future needs.

At Town CPA, we understand that a financially secure retirement offers peace of mind.

Town CPA provides comprehensive retirement consulting services to individuals and small to medium size business owners living in the Boston area, including the surrounding towns of Belmont, Newton, Needham, Lexington, Watertown, Winchester, and Waltham.

As you’ve probably realized, tax rules and regulations regarding retirement plans are complex and subject to change. One single plan typically doesn’t fit everyone’s needs. In addition, each retirement plan, whether it’s a Roth IRA, employee-sponsored 401(k), SIMPLE plan or SEP, has its own set of rules regarding contribution limits, timing of withdrawals, tax-free vs. pre-tax contributions and withdrawals, and income limits.

Whether you have questions about or need assistance with initiating distributions, transferring funds into your IRA, making decisions about contribution amounts, understanding IRA rollovers or converting to a Roth IRAs, you can be confident that when you hire Town CPA every decision you make complies with the most recent changes in tax law.

If you need assistance with setting up a pension plan we can refer you to one of several retirement planning professionals that we regularly work with.

Here’s what else we do for you:

• Evaluate your current income, as well as assets and liabilities such as mortgage and other debt
• Evaluate the tax implications of retirement contributions for you or your business
• Calculate how to withdrawal funds in order to minimize tax liability such as lump sum or monthly installments over a period of time
• Help you understand how other sources of retirement income such as pensions, social security, annuities, and rental real estate impact retirement planning

Make sure your retirement income is there when you need it.

Whether you’re just getting started in your career or are closer to retirement age, it’s never too early to start thinking about the future. Call Town CPA today at 617- 484-1838 and find out what we can do for you.