Kiplinger Features David McClellan 7-Part Series on Tax Planning and Retirement

Kiplinger featured the seven-part series from Forum Partner David McClellan on defusing “tax bombs” as it pertains to planning for retirement.

Part 1: Is Your Retirement Portfolio a Tax Bomb?

In this article, David shares the various tax implications that could affect your current portfolio.

Part 2: When It Comes to Your RMDs, Be Very, Very Afraid!

In this article, David discusses what you should know about the cost associated with required minimum distributions.

Part 3: Watch Out! RMDs Can Trigger Massive Medicare Means Testing Surcharges

In this article, David explains how saving too much can eventually cost you more on Medicare premiums.

Part 4: Will Your Kids Inherit a Tax Bomb from You?

In this article, David discusses the unwanted tax bill that could be left for your loved ones.

Part 5: How to Defuse a Retirement Tax Bomb, Starting With 1 Simple Move

In this article, David shares the one simple action that can minimize a retirement tax bomb.

Part 6: Using Asset Location to Defuse a Retirement Tax Bomb

In this article, David explains how asset location can lower your tax bill.

Part 7: Roth Conversions Play Key Role in Defusing a Retirement Tax Bomb

In this article, David explores the best timing for Roth conversions.

Bonus Article 1: 2 Ways Retirees Can Defuse a Tax Bomb (It’s Not Too Late!)

In this bonus article, David describes two methods to reduce taxes.

Bonus Article 2: Can My Pension Trigger a Retirement Tax Bomb?

In this bonus article, David suggests additional strategies including asset location and Roth conversions that can help reduce tax costs.

The articles appeared in Kiplinger in August 2022, September 2022, October 2022 and November 2022 as well as March 2023.

About David McClellan

David McClellan joined Forum Financial Management in 2015. He is a Partner and Financial Advisor at Forum. David focuses on retirement planning and financial life coaching. He loves helping people achieve financial independence and a secure retirement. David is also an executive at AiVante, a machine learning technology firm that is helping the wealth management industry improve planning for client healthcare costs in retirement. David has 30 years of professional experience, primarily in wealth management. He held executive sales, product and strategy roles at Morningstar and Pershing and previously worked as a strategy consultant. He has a Chicago Booth MBA with concentrations in strategy, finance and marketing. He earned a bachelor’s degree with honors in economics and history from the University of Texas at Austin while lettering on the swim team, which won several national championships. He brings the work ethic of a champion swimmer to how he works with clients.

David is passionate about creating a safe and limitless future for everyone, a theme running through his volunteer activities. He was a founding parent and trustee of Urban Prairie Waldorf School in Chicago; he mentored entrepreneurs at the 1871 incubator in Chicago; he served as the volunteer event director for Swim Across America Chicago, which raised more than $1 million for cancer research at Rush University Cancer Center; and he served on the board of the Alliance for the Great Lakes.

David serves clients nationwide.