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Showing posts from September, 2018

Customized Financial Strategies

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At Senior Financial Services we help our clients by designing a customized financial strategy that often combines more than one product. Each part of the strategy will often dovetail with the others to produce a comprehensive plan addressing asset protection and growth, income that meets or exceeds the client’s needs, efficient tax strategies as well as efficient methods of passing assets to your heirs. Contact Fred Orentlich at 800-679-2858
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Maximize Your Retirement with Senior Financial Services Inc New Legislation and its Effects on Retirement Planning Part 4 (Senior earning $100,000.00)

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At Senior Financial Services we don’t take shortcuts. Hard work and research are hallmarks of our practice. For help with your retirement planning needs, contact Fred Orentlich of Senior Financial Services at 800-679-2858   Income Components Let’s assume the senior’s $100,000 income comes from: Source Annual Amount Social Security benefits $35,000 401(k)/IRA withdrawals $50,000 Dividends/interest $15,000 Total $100,000 Note: Social Security benefits are partially taxable based on combined income (MAGI + 50% of Social Security).   Standard Deduction & Senior Deduction Step 1: Standard Deduction Single filer in 2025: $15,750 Additional senior deduction (age 65+): $6,000 Total deduction: $21,750 This reduces taxable income :   Taxable Social S...
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Location: Florida, USA
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