NEWBERRY — Henry Summer CFP® attended a seminar by the American College of Financial Planning on Tax Efficient Drawdowns in Retirement: How Taxes and Timing can Increase Wealth.

It discussed tax efficient strategies across taxable, tax-deferred and tax-free accounts. The presenters included Steven Horan, Wade Pfau and Steve Parrish.

The presenters discussed different ways to avoid the extra Medicare tax in retirement. Other topics included the myth of the Roth IRA always being the best strategy for retirement, the most tax efficient strategies of taking income in retirement, and the use of CRATS, CRUTS, and FLP for the wealthy.

Henry Summer has his office at 1508 Lindsay in downtown Newberry where he works with his daughter, Buffy Glover, CFP®. He has been working with clients to reduce taxes since 1973.

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Staff Report