Are Hidden Taxes and Fees Eating Away at Your Clients' Retirement Savings?

Most people don’t realize how much taxes—and hidden fees—can eat away at their retirement savings. For many, the impact of these factors on their accounts can be surprising, even shocking, especially when they see the cumulative effect over time. Addressing these “silent drains” is crucial to safeguarding retirement income and achieving long-term financial goals.

At Camas, we empower advisors with tools that help clients make the most of their retirement accounts. One of our key resources is the 401(k) Tax Auditor, a specialized service designed to uncover the effects of taxes and fees, giving clients a clearer picture of their retirement account’s true performance. Through a comprehensive review, we help advisors identify ways to minimize these drains, ensuring clients can enjoy more net spendable income in retirement.

?Here’s how the Camas approach can transform your tax and fee planning strategy:

1. Identify and Minimize Hidden Fees: Many clients aren’t fully aware of the fees associated with their retirement accounts. Over time, these seemingly small fees can significantly reduce overall savings. The Camas 401(k) Tax Auditor breaks down and reviews these fees, providing insights and strategies to minimize them, thereby boosting account value.
2. Strategic Tax Planning: In addition to fees, taxes are another substantial cost. With our 401(k) Tax Auditor, we help clients explore options to eliminate, reduce, or defer taxes where possible. By focusing on marginal tax rates and timing distributions strategically, advisors can help clients retain more of their hard-earned wealth.
3. Tax Diversification: Our 401(k) Tax Auditor can guide clients in building a more tax-efficient retirement strategy, including options like Roth IRAs or tax-advantaged life insurance. By diversifying the tax treatment of their assets, clients can create more tax-free income in retirement, shielding more of their savings from future tax rate increases.
4. Reinvesting Savings: The savings realized by reducing taxes and fees can be substantial. Camas helps advisors guide clients in reallocating these funds toward growth-focused opportunities, business reinvestment, or protective products, enhancing their financial stability for the future.

The Camas 401(k) Tax Auditor is a powerful tool for advisors who want to go beyond the basics and offer clients proactive, comprehensive tax and fee strategies that maximize retirement income.

??If you’re interested in helping your clients understand and reduce the impact of fees and taxes on their retirement accounts, reach out to Camas today. Our 401(k) Tax Auditor offers a clear path to protecting and growing retirement savings, and we’re here to support you in delivering valuable insights to your clients. Let’s connect and explore how we can work together to secure your clients’ financial future.

Take advantage of our no-cost resources: Visit the Legacy Planning Academy, as well as our complimentary weekly one-hour coaching sessions every Wednesday at 9 AM Pacific Time. ?Sign up using this link Coaching? Coaching Registrations

?

?