Learn how tax planning can help you maximize investment returns. Discover strategies for asset allocation, utilizing ...

Start with Your Budget. Last time, we talked about nailing down your retirement budget. For example, let’s say you’re spending $96,000 a year—some for basic needs, some for fun.

Net income, including the deferred income tax benefit of $4.4M, rose to $6.3M, or $2.51 per diluted share, in 2024, building on our achievement of modest profitability in 2023.

But you’ll have gained a number of years of valuable deferral of income taxes. You don’t have to invest $200,000 all at once. You could start with, say, $75,000 in one QLAC and place $125,000 ...