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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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Get a Jump Start on Your 2019 Income Taxes

March 7, 2019

The 2018 tax bills are surprising many people, especially retirees. Some paid less than they expected because of the 2017 tax law, but others were disappointed with their savings or paid higher taxes. Don’t be surprised or disappointed by your 2019 income tax bill. The best way to avoid tax surprises is to begin planning […]

You Can Beat The Tax on Social Security Benefits

January 24, 2019

The federal tax rules for Social Security benefits haven’t changed in many years. They remain complicated and snare more retirees each year. A number of my readers are old enough to remember when Social Security retirement benefits were tax free on their federal income tax returns. That ended in the 1980s, and taxes on the […]

How to Trim Taxes and Maximize Benefits from RMDs

January 2, 2019

Last week, I shared   4 ways to trim taxes, and maximize required minimum distribution (RMD) benefits. This week, let’s continue the discussion, with 5 more strategies to consider, starting with.. Timing distributions. The tax law says the IRA must distribute at least the RMD by the close of business on Dec. 31. Other than […]


9 Required Minimum Distribution (RMD) Strategies Every Retiree Should Know

December 27, 2018

Every retiree wants to trim taxes, and maximize benefits. But very few know how to approach this the right way. Today, I’ll share how you can maximize your benefits from Required Minimum Distributions (RMDs), and reduce your tax bill. Required minimum distributions from IRAs weren’t simplified or changed in the new tax law. Taxpayers ages […]

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The Widely Misunderstood Tax Rules for Home Sales

December 17, 2018

The tax rules for selling a personal residence seem to generate more widespread misunderstanding than most other parts of the tax code. The rules themselves are fairly simple as tax code provisions go. One problem seems to be that many people looking to sell homes don’t realize that the rules were overhauled in 1997. Another […]

Estate, Gift, Income Tax Amounts Increased for 2019

December 17, 2018

The IRS announced the annual inflation increases for various tax provisions as of January 1, 2019.The lifetime estate and gift tax exemption has been increased to $11.4million (from $11.18 million). A couple can jointly exclude $22.8 million. The annual gift tax exclusion remains$15,000 for 2019.The standard deduction for married couples filing jointly is $24,400 (up […]

Charitable Contribution Deductions Are Different For 2018 Tax Returns

November 20, 2018

Major changes will affect charitable contribution deductions for 2018 tax returns. The first major change is that fewer people will be able to deduct their charitable contributions. To deduct charitable gifts, you have to itemize deductions on Schedule A. Fewer people will be doing that in 2018 and later years because of the higher standard […]

How To Capture All The IRA Investment Benefits The Tax Law Allows

November 19, 2018

Stocks and bonds are down, so investors are looking for investment alternatives. Your IRA can invest in a lot more than stocks, bonds and mutual funds. IRAs can own real estate, private businesses, hedge funds, mortgages, tax liens and more. But only a certain type of IRA can own those other assets. Most IRA custodians […]


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