WEBINAR REPLAY: Tax Planning Through Four Stages of Retirement, June 2023

June 28, 2023

Retirees often don’t understand how taxes work in retirement since tax rates can vary widely over the years. This variation is generally based on the timing and order in which you use different income sources to pay for your living expenses.

In your retirement years, you’ll want to apply the tax code in an organized and efficient way so that you can:

     - Identify the types of taxes you will face at various stages

     - Address how taxes impact Social Security and Medicare

     - Plan when to tap different accounts so you don’t overpay taxes

To help you navigate these variables, we have conducted a complimentary virtual workshop on Tax Planning Through Four Stages of Retirement.

During this webinar, we learned about:

     - The critical tax questions you must answer BEFORE retirement

     - The surprises that often make retirement more expensive

     - What the Social Security “tax trap” is and how you can avoid it

     - Why tapping assets in the wrong order can trigger higher Medicare premiums

     - Why you need to manage taxes even before you retire

     - The four stages of retirement and important tax actions in each stage, including tricky IRA challenges

     - Mistakes to avoid when it comes to your investment portfolio, health care, and estate