Retirement Watch Lighthouse Logo

Taxes in Retirement

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

Found 452 Articles.
Get access to our full article archive by subscribing to Retirement Watch and Retirement Watch Spotlight Series.

Maximize the Tax Opportunities of the ‘Bridge Years’

November 1, 2022

Many retirees and pre-retirees go through a period called the “bridge years” but don’t take full advantage of the tax reduction opportunities of that period. The bridge years are a period when a person is phasing into or is in the early years of retirement. Income is lower, because the person no longer is working […]

Estate Tax

How To Maximize the Tax Benefits of Estate Planning Gifts

October 30, 2022

Today’s high estate and gift tax exemptions could be slashed in a few years. Maximize those and other benefits now. The substantial increases in estate and gift taxes that were widely discussed in 2021 appear to be off the table, at least for now. But the current lifetime estate and gift tax exemption is scheduled […]

How to Turn Investment Losses into Valuable Assets

September 29, 2022

Prices for stocks, bonds and many other investments are tumbling, and that means many investors have or soon will have losses in their accounts. Losses in taxable accounts can be minimized and turned into assets by knowing the tax rules and using the best strategies for your situation. In a taxable account, an investment loss […]

estate planning

How To Avoid a Residency Tax Audit

September 18, 2022

Here’s a long-term financial consequence of the pandemic no one talks about… An increase in disputes over which states can tax a person’s income. The pandemic made some state tax departments more aggressive as they became more concerned about losing tax revenue previously paid by remote workers and retirees who moved out of state. A […]

SUBSCRIBE TO RETIREMENT WATCH

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.

IRAs

When You Can Treat Portfolio Management as a Tax-Deductible Business

September 4, 2022

After leaving the career behind, your work isn’t done. You’re now in the business of ensuring there’s steady cash flow to pay your expenses. Or, as I put it, you need to generate your Retirement Paycheck. That leads to a question many people ask: Can I report managing my retirement portfolio as a business on […]

Which States Will Tax Your Income? New Court Case Helps Taxpayers

August 31, 2022

One long-term consequence of the pandemic is an increase in disputes over which states can tax a person’s income. The pandemic made some state tax departments more aggressive as they became more concerned about losing tax revenue previously paid by remote workers and retirees who moved out of state. A recent case in New York […]

When You Can Treat Portfolio Management as a Tax-Deductible Business

August 2, 2022

After leaving the career behind, your work isn’t done. You’re in the business of ensuring there’s steady cash flow to pay your expenses. Or, as I put it, you need to generate your Retirement Paycheck. That leads to a question many people ask: Can I report managing my retirement portfolio as a business on my […]

why-triple-tax-benefits-are-not-for-everyone

How to Minimize the Most Important Number on Your Tax Return [Part 2]

July 24, 2022

In last week’s edition of Retirement Watch Weekly, I shared my first three strategies for how minimize your adjusted gross income (AGI). Today let’s go through six more such strategies… Minimize Your Tax Return’s Most Important Number in Retirement: Strategy #4: Be charitable with your IRA. When you’re making charitable contributions each year and are […]

pixel

Log In

Forgot Password

Search