Good news exists for those that have significant income in excess of $100,000 from consulting or other outside business interests annually and may be working as industry consultants.
Post-retirement consulting can be highly profitable however without proper planning and tactical advice it can become and every case is unique and there are some disqualifying triggers, but there is an IRS approved planning method that would allow for all or most of the tax liability within your tax qualified accounts to be eliminated. This technique requires much more detail than can be discussed here, so please call my office at to discuss if you have an interest in eliminating the future income tax from those accounts.
