Tax Strategies
Taxes, seen as part of the plan
We help you understand how tax-advantaged accounts, timing and the order of withdrawals fit into your wider plan.
What we cover
- Tax-advantaged accounts
- The timing of income
- The order of withdrawals
- Taxes on Social Security
Concepts we explain
- Provisional income
- Roth conversions
- Qualified charitable distributions
- Income-related Medicare premiums
Why it matters
Small decisions, lasting effects
Proactive planning looks at taxes before decisions are made, not after.
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Tax-advantaged accounts
How different account types are taxed when you contribute, while your savings grow, and when you withdraw.
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Timing
How the year you take income, make a Roth conversion or start benefits can change the tax you owe, and even your Medicare premiums.
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The order of withdrawals
In retirement, which accounts you draw from first can change your taxable income from year to year.
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Taxes and your benefits
How your income can affect the taxes on Social Security benefits and the premiums you pay for Medicare.
How taxes apply
Three moments that matter
Different accounts are taxed at different points. Knowing which is which shapes the plan.
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When you save
Some accounts take contributions before tax, others after.
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While it grows
Earnings may be taxed each year, or deferred until later.
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When you withdraw
Withdrawals may be taxable, partly taxable or tax-free, depending on the account and the rules.
Our team
Meet who’s here
Licensed financial professionals, guided by WFG and WSB expertise, here to walk you through each step.
Meet the Full Team-
Dr. June Magallanes
CEO
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Ms. Lorraine Go
Senior Marketing Director
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Aileen Marie Mapalo
Senior Marketing Director
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Mary Carmel Elizon
Senior Marketing Director
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Michael Damot
Senior Marketing Director
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Sheila Albelda
Senior Marketing Director
FAQs
Answers to questions we hear often. They explain how things work; your own situation is worth a conversation.
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What is provisional income?
A measure Social Security uses to decide how much of your benefit may be subject to federal income tax. Depending on your other income, part of your benefits can be taxable.
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What is a Roth conversion?
Moving money from a traditional account to a Roth account. You pay tax on the amount converted now, in exchange for tax-free qualified withdrawals later. Whether that suits you depends on your tax picture.
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What is a qualified charitable distribution?
Once you reach the eligible age, giving directly from certain retirement accounts to charity can count toward required withdrawals without adding to your taxable income.
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Can my income affect my Medicare premiums?
Yes. Higher income can raise what you pay for Medicare Part B and Part D, and Medicare looks back two years. Read more on our Social Security & Medicare page.
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What should I bring to a conversation?
- Your most recent tax return
- Recent statements for your retirement and savings accounts
- Your Social Security statement, from ssa.gov
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Do you provide tax advice?
No. Yosemite Gold Financial Center does not provide tax or legal advice. We explain how these ideas work and encourage you to bring your tax professional into the conversation.
Talk it through with our team
For one-on-one questions, a Complimentary Financial Check-Up is a good place to start.
Book an AppointmentLearn alongside others
Our financial literacy workshops are listed on our calendar, and organizations can request one of their own.
See the Workshops
Resources & tools
Free tools to see your numbers clearly
No sign-up, no cost. Enter a few numbers, answer a few questions, and get a clearer picture before you ever sit down with Dr. June.
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Savings Calculator
See how steady deposits and compound interest work together to grow your savings over time.
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Debt Roll-Up Calculator
Map out a debt snowball: clear one balance, then roll that payment into the next until every debt is paid.
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Risk Profile Questionnaire
Nine quick questions to help you understand your own comfort with financial risk, and your ability to take it.