Taxes in Retirement
Deductions retirees frequently miss
A handful of provisions that apply specifically to older taxpayers and are routinely left unclaimed.
Taxes in Retirement
Brackets, RMDs, IRMAA and the order you draw accounts in.
Taxes in Retirement
Keeping records that someone else can follow
Documentation is needed decades after the event, by people who were not there when it happened.
Taxes in Retirement
Gifts to family and how they are treated
Helping adult children and grandchildren has tax rules that are simpler than most people assume and consequences that are not.
Taxes in Retirement
Tax planning across a full retirement
Retirement has distinct tax phases, and treating each year in isolation forfeits most of the available benefit.
Taxes in Retirement
Estate basics every retiree should have in place
A short list of documents that cost little, matter enormously, and are missing from a large proportion of households.
Taxes in Retirement
Capital gains planning in retirement
Preferential rates and a zero per cent bracket create opportunities that disappear once other income rises.
Taxes in Retirement
Where you live and what it costs in tax
State tax treatment of retirement income varies enormously, and it is one factor among several rather than a decision on its own.
Taxes in Retirement
Estimated taxes and withholding in retirement
Nobody withholds tax on your behalf once you stop working, and the penalties for getting it wrong are avoidable.
Taxes in Retirement
Charitable giving with tax efficiency
For retirees who give, several mechanisms deliver more to the charity and less to the tax authority than writing a cheque.
Taxes in Retirement
Roth conversions, done deliberately
Moving money from tax-deferred to tax-free accounts is straightforward mechanically and requires care about which year and how much.
Taxes in Retirement
How retirement income is actually taxed
Different income sources are treated differently, and the interactions between them produce effective rates that surprise people.
Taxes in Retirement
Required minimum distributions and planning around them
Forced withdrawals from tax-deferred accounts are the most predictable tax event in retirement, and the planning happens years earlier.