TAXES AND YOUR MONEY
Ben Franklin once said, "...nothing can be said to be certain, except death and taxes." Without a doubt, taxes affect you whether you're working and saving for retirement, taking retirement income, or planning a legacy for the next generation.
Because tax laws continually change, you should know how new tax developments could impact your income, your investments and your estate. Also, as today's assets increase in value, they may trigger future tax exposure.
What you're putting in your retirement portfolio could create increased tax exposure when you retire. This could affect your retirement income, Social Security benefits and Medicare payments.
Think about what you want to pass on to your children or grandchildren. The value of your investments, your home and other real estate, and family heirlooms probably appreciates considerably over the years and could trigger estate taxes. With professional estate planning, you can help ensure that your heirs inherit what you want to give to them.
Ask your financial advisor about tax planning. Find out how you can help protect your growing assets today, your retirement income and your legacy.
2014 tax information
See how federal taxes affect you this year.
This material was prepared to support the promotion and marketing of investment and insurance products. Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S. federal, state, or local tax penalties. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein.
Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates, including broker-dealer/distributor Lincoln Financial Distributors, Inc., Radnor, PA, and insurance company affiliates The Lincoln National Life Insurance Company, Fort Wayne, IN, and Lincoln Life & Annuity Company of New York, Syracuse, NY. Affiliates are separately responsible for their own financial and contractual obligations.