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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 446 Articles.
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Year-End Tax Planning for 2013-2014

December 1, 2013

We can do real year-end tax planning this year. In the last few years, year-end planning has been difficult because so many provisions of the law were set to expire at the end of each year, and Congress worked on the law through the holiday seasons. But with most provisions of the tax law settled […]

Snagging Tax Credits for Home Improvements

December 1, 2013

Don’t forget that the tax credits for energy efficiency home improvements still are available for purchases through the end of 2013. These credits were part of the stimulus in the financial crisis and have been extended, but they’ll expire for purchases after Dec. 31, 2013. A wide range of home improvements or replacements qualifies for […]

Advanced Social Security Strategies for Couples

October 1, 2013

Social Security benefits are a key source of retirement income. While many people approaching retirement say they don’t plan to rely on Social Security, a majority of those already retired say it is an important percentage of their income. Too many people leave money on the table by not maximizing their Social Security retirement benefits. […]

Nailing Down Charitable Deductions

September 1, 2013

We’re heading into the traditional charitable giving season. You should start your planning early this year to make sure you incorporate tax law changes for 2013, and a few changes from the last 10 years that many people still haven’t absorbed. Here’s a guide to securing 2013 write offs. Higher income people should keep in […]


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Staying in the 15% (or Lower) Tax Bracket

August 1, 2013

Most retirement tax planning and tax discussions have the wrong focus. They look at marginal tax rates, or the tax rate on the next dollar of ordinary income earned. If you’re married and earning $50,000 annually, for example, your next dollar will be taxed at the 15% rate. That’s a fine approach during the working […]

Importance of Slashing AGI

August 1, 2013

Minimizing adjusted gross income on your tax return reduces other retirement expenses. For example, $1 of additional AGI can bump your premiums by more than $500 annually. A host of additional costs and taxes are imposed when income is “too high.” For the full story and the strategies to consider see our April 2013 visit. […]

The Secret to Tax-Free Annuity Distributions

July 1, 2013

In select cases, annuity owners can take tax-free distributions. Not many people know this, but it can provide a real benefit to people who need long-term care. Typically when distributions are taken from a deferred annuity, the income and gains are included in gross income and taxed as ordinary income. There’s an exception for distributions […]

Understanding 2013’s New Taxes

June 1, 2013

It’s time to clear away the confusion about some new taxes for 2013: the 3.8% tax on investment income and changes that affect the alternative mini-mum tax. Act now, or you’ll have an unpleasant surprise when completing your 2013 tax returns in 2014. The 3.8% investment income tax is separate from all other taxes and […]


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