Show clients the value of tax-free income in retirement

Tax rates have gone up and down over time, and there’s no reason to think that trend is going to stop. Add in the uncertain short- and long-term economic impact from the pandemic and you obviously have a more challenging time to be planning for taxes. That’s why you should regularly review retirement needs with your clients — especially those with high incomes — and consider having them invest with after-tax dollars now in order to be in a “tax-preferred” position at retirement.