Jeffrey Stevens, Founder of Preferred Retirement Strategies, Announces Publication on Mitigating Taxes

December 28 10:15 2022

Jeffrey Stevens announces a new publication his firm has come out with to educate pre-retirees lower taxes and prepare for retirement.

Taxes are a significant factor to consider when creating a retirement plan. Paying taxes on income can significantly reduce the amount of money available for retirement savings. It is essential to understand how taxes can impact people’s plans and make adjustments accordingly. 

Stevens said: “By being aware of the tax implications, people can make more informed financial decisions that will help them reach their retirement goals more quickly. Knowing the types of income affected by taxes and how those taxes are calculated is an essential part of having a successful retirement strategy.”

It is essential to understand how taxes are calculated and which types of income may be eligible for tax exemptions or deductions. For example, capital gains from investments such as stocks or mutual funds may be subject to different tax rates than ordinary income from salaries or wages. Furthermore, certain types of investment income may not be taxable at all.

In addition to understanding the types of income affected by taxes, it is crucial to know how those taxes are calculated. Tax rates vary based on a person’s filing status, adjusted gross income, and other factors. Knowing a person’s tax rate can help them make more informed decisions about where to invest and how much money they should save for retirement.

Taxes can significantly impact someone’s retirement plans; however, if people plan ahead and take advantage of the various tax benefits available, they can minimize the impact that taxes have on their finances in retirement. Understanding the applicable tax laws and taking advantage of available deductions can help them maximize the money available for retirement savings.

Overall, taxes should be taken into consideration when planning for retirement. Knowing how income is taxed and the various tax benefits available can help people make more informed decisions about their finances in retirement. These decisions can significantly impact their ability to save for and enjoy a comfortable retirement.

About Jeffrey Stevens

Jeff Stevens provides clients with custom-tailored investment strategies to meet short and long-term goals. As a fiduciary, Jeff is obligated to put his clients’ interests first. His objective is to help individuals, families and businesses develop innovative financial strategies that result in financial clarity, security, and overall financial health.

Jeff specializes in wealth creation, wealth conservation, personal financial planning, business planning and estate planning. He works with clients to secure their retirement by maximizing their retirement income to keep pace with inflation and reduce market risk.

Jeff is a member of the National Association of Insurance and Financial Advisors and is a life and qualifying member of the Million Dollar Round Table.

Jeff grew up in Brooklyn and Long Island. He enlisted at seventeen and served honorably in the United States Marine Corps. Upon discharge from the service, Jeff worked as an electrical engineer and enrolled in Nassau Community College. After earning an Associate’s Degree, Jeff entered the insurance and financial services industry and continued his education at Rutgers University where he received a BS in Management.

Jeff resides in Freehold, New Jersey with his wife, Marge. They have two adult children and three grandchildren. Jeff is an avid sportsman and enjoys freshwater and saltwater fishing and vacationing with his family.

Ensure a successful and dignified, retirement without financial worries.

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