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Taxes in Retirement

Bob Carlson of Retirement Watch on how to manage your taxes and planning strategies to pay less

Found 440 Articles.
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Tax Rules For The Bank of Mom & Dad

July 23, 2019

Children and grandchildren often want some financial help, and parents and grandparents frequently are glad to provide it. Too often, everyone involved considers the help to be a private arrangement. The IRS, however, has an interest in the transactions. When you don’t review the tax rules and structure the arrangements the right way, you might […]

Tax Secrets of Mutual Funds

May 22, 2019

Many mutual fund investors focus on the fees they pay but don’t pay enough attention to the taxes on their investment returns. Taxes are a greater drag on net investment returns than expenses and fees, according to a study by Rob Arnott of Research Affiliates. Most investors leave a lot of money on the table […]

Why Beneficiaries Overpay Taxes on Inherited IRAs

April 24, 2019

The most frequent, most expensive mistakes with IRAs occur when it’s time to pass the IRAs to the beneficiaries. Sometimes the fault is with the original owner. Sometimes the fault is with the beneficiaries. In either case, the mistakes cause the tax-deferred compounding of the IRA to be lost. Income taxes are paid earlier than […]


The Estimated Tax Trap: 3 Safe Harbors to Avoid Tax Penalties

April 16, 2019

In Part 1 of this article, we discussed how a growing number of retirees are getting “snagged” in the estimated tax trap. Now let’s review 3 safe harbor ways to avoid tax penalties: Pay at least 90% of the current year’s tax liability through timely estimated tax payments; Pay at least 100% of last year’s total […]


What you don’t know about retirement can hurt you. In fact, just a few wrong decisions in your investments, taxes, or estate planning could completely derail your retirement plans. Worse yet, the rules of the game keep changing, making it harder to keep up. For these reasons, I’ve assembled all the key points – everything you need to know — into one comprehensive report. Click here today for free access.

Closing the Retiree Tax Gap: How to Boost Your Income by Paying Less to the IRS

April 12, 2019

Tax burdens are a major surprise for retirees, including both new retirees and those who’ve been retired for a while. A recent survey found that a high percentage of retirees say that they don’t know enough about how their different types of retirement income are taxed. They also wish that they had learned more about […]


The Estimated Tax Trap “Snagging” More & More Retirees

April 8, 2019

A growing number of taxpayers, especially retirees, are being caught in the estimated tax trap. When income taxes aren’t withheld, taxpayers have to prepay their federal income taxes in four estimated tax payments. The payments are due on April 15, June 15, September 15 and January 15 (unless the due date falls on a holiday […]

How To Stay In The 0% Tax Bracket For Capital Gains And Dividends

March 15, 2019

You can have a significant amount of income and yet pay no income taxes on your long-term capital gains and qualified dividends. Most retirees and many other individuals shouldn’t have to pay income taxes on those types of income. The key is to know about the tax brackets and when tax rates change for long-term […]

You Should Be Planning This Year’s Qualified Charitable Distributions

March 15, 2019

Many people aren’t receiving all the benefits they could from the qualified charitable distribution (QCD), the powerful tax-saving tool for charitably inclined IRA owners older than age 70½. The QCD drifted in and out of the tax law for about a decade, but it finally was made a permanent part of the tax code a […]


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