Tax planning is not something that should only happen during tax season. In this episode of Kitchen Table Finance, Dave and Nick discuss some of the most common retirement tax mistakes and why proactive planning can make a significant difference throughout retirement.
The discussion focuses on how retirement income sources are taxed, how Roth conversions fit into a retirement strategy, and why understanding required minimum distributions and Medicare IRMAA rules is critical for retirees.
The episode also highlights how withdrawal strategies, Social Security taxation, and capital gains planning can impact long-term retirement outcomes.
Topics Discussed:
- Why tax planning should happen year-round
- The importance of tax diversification
- Understanding Roth conversion opportunities
- Planning for required minimum distributions
- Social Security taxation strategies
- Capital gains and tax loss harvesting
- Medicare IRMAA considerations
- Michigan retirement tax planning
- Coordinating tax planning with your CPA and advisor
Related Episodes
S4E19 – Does your Retirement Plan Need a ROTH?
Understanding IRMAA: S4E18 – What to Know About Taxes in Retirement
Contact SRB today at 517-321-4832 or email us at info@srbadvisors.com. Don’t forget to subscribe to our channel for more bite-sized financial and retirement tips. https://www.youtube.com/@shotwellrutterbaer
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