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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 414 Articles.
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When to Use an IRA To Fund Your HSA

March 18, 2021

Health savings accounts (HSAs) are the best retirement planning tool available, and there’s a little-known legal trick that can help fully fund an HSA. An HSA has three powerful tax benefits. Contributions to the account are tax deductible or excluded from gross income, when an employer makes them. The account can be invested, and income […]

How to Take Tax Write-Offs for Helping Relatives

March 18, 2021

It is very common for family members to help other family members. It also is common for these families to leave money on the table by not taking all the tax breaks they could from these situations.Often, adult children provide financial or other support for their parents, though other situations do arise. Sometimes, the help […]

15+ Tax Strategies That Will Survive the Coming Tax Increases

March 12, 2021

Tax increases are back on the national agenda. President Joe Biden, and many Democrats, campaigned on promises regarding specific income tax increases and more general promises to raise taxes. A number of tax increases have already been proposed in Congress and serious tax legislation is likely to emerge in late 2021 or early 2022. Fortunately, […]


Retirement Stealth Tax: How To Avoid the ‘Widow’s Penalty’ Part II

March 7, 2021

It’s one of the Stealth Taxes no one talks about, and it comes at an emotionally vulnerable time. I’m referring to the “widow’s penalty tax.” Last week we discussed the first three potential hits to the surviving spouse: Income is likely to decline. Second, the surviving spouse is pushed into a higher tax bracket. A […]


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Retirement Stealth Tax: How To Avoid the “Widow’s Penalty”

February 28, 2021

The widow’s penalty tax is one of the least known yet most onerous of the retirement Stealth Taxes. Since few people are aware of it, few retirement plans defend against the widow’s penalty. I frequently warn people about the “solo” years. Those are the years after one spouse has passed away. The surviving spouse must […]

Tax Moves Now Can Avoid Higher Medicare Premiums in Two Years

February 23, 2021

Paying close attention to your tax situation today can help avoid paying much higher Medicare premiums in two years. This Stealth Tax catches more and more Americans age 65 and over by surprise every year. The Medicare premium surtax was created to add means-testing to Medicare, charging higher-income beneficiaries larger premiums for Parts B and […]

The Most Important New Tax & Retirement Changes [Pandemic Update]

February 21, 2021

Some special tax and retirement plan rules were created in 2020 in response to the COVID-19 pandemic. Congress recently extended one of them with some modifications but let another expire. One provision gave taxpayers more than 60 days to roll over IRA distributions to the original IRA or to another qualified retirement plan. The provision […]

estate planning

The Tax Law Changes Retirees Likely Haven’t Heard About

February 16, 2021

In late December, Congress passed – and former President Trump signed into law — the longest legislation they ever have. The Consolidated Appropriations Act was more than 5,000 pages. Most of the media attention was on the fiscal stimulus provisions, but there was a lot more in the law. Some tax law changes were overlooked […]

July 2022:
Congress Comes for your Retirement Money
A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.

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