Ed Slott: Don’t Waste Your Low-Tax Years in Retirement
#RetirementPlanning #EdSlott #TaxPlanning
Christine Benz talks with tax expert Ed Slott about withholding taxes versus quarterly payments, Medicare’s IRMAA surcharge, and how new retirees can create a tax-smart withdrawal strategy.
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00:00:00 Introduction
00:00:19 Should Retirees Withhold Taxes or Pay Quarterly?
00:04:07 How New Retirees Can Estimate Their Tax Bill
00:05:58 Make the Most of Retirement’s Low-Tax Window
00:08:09 Using Low-Tax Years in Retirement to Rebalance Your Portfolio
00:08:58 Creating a Tax-Smart Withdrawal Strategy in Retirement
00:11:40 Understanding One of Retirement’s Biggest Tax Surprises
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