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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 424 Articles.
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How to Avoid the 3.8% Tax on Investment Income

November 27, 2020

The NIIT is the least-known of the Stealth Taxes and the one most likely to surprise retirees.The net investment income tax (NIIT) was created in the Affordable Care Act. It was labeled a Medicare surtax, but the proceeds go into general revenues not the Medicare trust fund. The NIIT is a 3.8% tax on the […]

Year-End Planning for 2020: A Special Year

November 27, 2020

A unique year is drawing to a close, and it requires unique year-end tax planning. Taxes are likely to increase soon. The only issues are when they’ll increase and who will bear most of the increases. The 2017 tax cuts are set to expire after 2025. Federal debt continues to climb. The Social Security trust […]

The Widow’s Penalty Tax and How to Avoid It

October 28, 2020

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 maintain […]

5 Retirement Tax Traps You Need to Avoid

September 28, 2020

Taxes are one of the top three expenses of most retirees, and too many retirees overpay their taxes.Gone are the days when retirement-aged Americans receive tax breaks. Instead, today retirees are likely to face taxes targeted at them. That’s why tax planning, tax management and especially tax diversification should be important parts of your retirement […]


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.

The 2020 Election and Your Year-End Tax Planning

August 18, 2020

The 2020 election could have a significant effect on your finances over the next few years. There are actions you can take in the last quarter of this year to minimize your taxes now and over the next few years. I rarely write about politics and often caution against making major changes in your finances […]

Top 20+ Tax Planning Ideas for the Rest of 2020 and 2021

August 14, 2020

Taxes, especially income taxes, are one of your largest retirement expenses. Today, we have a unique opportunity to reduce our lifetime income taxes. While federal income tax rates are very low and are likely the lowest they will be for the rest of your life, many of the tax breaks in the 2017 law are […]

There Has Never Been a Better Time to Donate Part of a Home or Farm

July 28, 2020

Historically low interest rates can generate historic tax benefits. At least one of these tax benefits can be reaped without giving up any cash or property: a charitable contribution of a remainder interest in a home, vacation home, or farm. Ownership of property can be divided into two portions. A lifetime interest, or life estate, […]

Don’t Let Taxes Slash Your Gold Profits

June 23, 2020

Gold is a hot investment again. We were fortunate to add gold to our portfolios in August 2017. Since then, it’s done well. The price has increased steadily since late 2018, and we increased our allocation earlier this year. Very easy global monetary policy, a lot of geopolitical uncertainty and other factors created strong support […]

October 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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