CONTACT US
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Craig Lundquist, MBA, ChFC®, CRPC®
Wealth Management Advisor
651-773-2757
Kristin Becker
Senior Administrative Assistant
651-773-2821
Ideal Wealth Advisors
Located at Ideal Credit Union
8499 Tamarack Road
Woodbury, MN 55125
Taxation of retirement income is not a one-size-fits-all proposition. How your retirement income is taxed depends on where it comes from and, in some cases, the total amount of income you receive. Knowing how each type of income is taxed can help you and your tax professional plan and potentially minimize the amount you owe.
One exception is a Roth IRA. Contributions to a Roth are made with after-tax dollars. Withdrawals of principal and earnings are tax free once certain conditions are met.
Most qualified dividend income and long-term capital gains on investments held longer than one year are taxed at rates ranging from 0% to 20%, depending on your income.
Municipal bond interest is exempt from federal, and sometimes state, income tax.
1-05343485
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Ideal Credit Union and Ideal Wealth Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Ideal Wealth Advisors, and may also be employees of Ideal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Ideal Credit Union or Ideal Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
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