Company’s M.O.O.D. of America Research Study Finds One Quarter of U.S. Respondents Kept Awake at Night with Tax Worries and a Majority See Tax Planning as a Key Aspect of Taking Charge of Their Financial Future
18 February 2016

RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group (NYSE: LNC) today offered five tips to help consumers protect their wealth during tax season. As evidenced in its latest Measuring Optimism, Outlook and Direction (M.O.O.D.) of America survey, taxes are top of mind for individuals, with one quarter of U.S. respondents saying thinking about taxes keeps them up at night and 78 percent viewing tax planning as an important step toward taking charge of their financial future.

“It’s important for people to embrace a comprehensive view of their financial and lifestyle goals to best protect their assets and help to secure positive long-term outcomes, tax implications notable among them,” said Dianna Parker, CFP®, director of planning with Sagemark Consulting Private Wealth Services and registered representative of Lincoln Financial Advisors Corp. “Most importantly, you shouldn’t be thinking about taxes as a separate part of your financial plan, but think holistically as you are looking at your overall finances – from paying your monthly bills to putting money in a 401k or through other retirement savings vehicles.”

Here are Lincoln Financial’s tips for encouraging consumers to make tax awareness and planning a part of their financial strategy.

  1. Plan a Tax-Efficient Retirement Strategy. There are many expenses in retirement, from the daily expected ones to others that may take you by surprise. Whether you are traveling on vacation, supporting an adult child during a tough financial time, or recovering from a health event, you will want to incur as little tax as possible to access your money, especially if you experience a long-term care event.
  2. Factor Lifestyle Changes into your Retirement Strategy. Some lifestyle changes may bring more significant tax consequences beyond capital gains. For instance, if you are liquidating your business or selling your primary residence, you are subject to property, income and sales taxes.
  3. Think about your Financial Legacy. A sizable inheritance can translate into a big tax burden—or it can be an opportunity for a tax-efficient, steady income during retirement. Think about a tax-efficient way to transfer your assets.
  4. Take Into Account Your Property Location(s). Property taxes may create alternate minimum tax (AMT) issues. Taxpayers may lose the benefit of the property tax deduction for AMT purposes. In addition, income taxes paid to states may also create an AMT issue.
  5. Understand Tax Implications of Capital Gains. Money managed within equity vehicles like mutual funds and ETFs are more likely to incur capital gains taxes – sometimes even if you don’t sell anything, you can still have a tax liability. Consider incorporating solutions into your investment strategy that allow you to experience growth in multiple “tax environments.”

“By understanding the implications of taxes on a financial plan, consumers are more likely to achieve positive outcomes in retirement,” said Parker. “Today more than ever, the best ingredients for achieving your financial goals are a combination of expanding your own knowledge base and seeking professional guidance from a financial planner.”

For more tax-related financial planning information, as well as how to create an overall financial plan, please visit

About the M.O.O.D. of America

Results for the 2015 M.O.O.D. (Measuring Optimism, Outlook and Direction) of America poll are based on a national survey conducted by Whitman Insight Strategies (WINS) on behalf of Lincoln Financial Group from March 31 to April 9, 2015 among 2,273 adults 18 years of age and older across the United States. The sample was weighted to reflect the proportion of adults 18 years of age or older by gender, age, region, race and Hispanic ethnicity based on data from the U.S. Census Bureau. The margin of error is ±1.9% at the 95% confidence interval for the entire sample.

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help empower Americans to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $219 billion in assets under management as of December 31, 2015. Learn more at: Find us on Facebook, Twitter, LinkedIn and YouTube. To sign up for email alerts, please visit our Newsroom at

Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide tax, accounting, or legal advice. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein.



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