Pension Optimization

Profit sharing plans, 401(k)'s, and pension plans have long been a favored method for setting money aside for retirement. And their favorable tax treatment during the contribution and accumulation phases makes them an even more attractive savings vehicle.

However, qualified plan distributions are fully taxable, which can significantly reduce retirement income. For those individuals who don't use up their retirement funds during their lifetime or don't tap into them at all, they can be difficult to transfer to family or heirs. Not only are qualified plans taxable upon distribution, but also upon inheritance. This "double taxation" can easily erode up to 80% of a qualified asset's value.

At EPIC, we have several ways of minimizing the tax impact of distributing or transferring pension assets, in order to :

		Improve current income
		Shift to tax-free income
		Transfer assets to heirs in a tax-advantaged fashion
		Share the assets with charity
		Reduce the impact of income taxes
		Reduce or eliminate estate taxes

Contact us for an in-person consultation.