Here’s some of what we discuss in this episode:
💡 Future Tax Shock – RMDs can spike taxes
📆 RMD Rule Changes – Ages 73–75 and penalties
🔄 Roth Strategy – Coordinated long-term conversion planning
🧮 Social Security Taxes – Income mix affects taxation
👪 Spouse & Heirs – Widow’s penalty and inherited IRAs
Today’s Hack
Nobody likes tax season, but for new retirees, the rules can feel completely different. Income changes, required withdrawals begin, and decisions that once lowered taxes can create bigger bills later. Phil unpacks some of the most common retirement tax mistakes and how they show up in real life. A little forward planning can make a dramatic difference over the long run.
Go Inside the Episode:
0:00 – Intro
1:06 – RMDs
4:07 – Roth Conversion
9:13 – Social Security Taxation
11:42 – Spouse & Heirs
14:10 – Work with a Professional
Read The 5 Biggest Tax Mistakes New Retirees Make in the First 5 Years
https://www.kiplinger.com/taxes/tax-planning/biggest-tax-mistakes-new-retirees-make-in-first-years
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.
Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.com/welcome