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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 428 Articles.
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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 […]


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.

9 Ways to Trim Taxes and Maximize Benefits from RMDs

June 9, 2020

Required minimum distributions (RMDs) from IRAs weren’t simplified or changed in the new tax law. Taxpayers ages 70½ and older still have to take these distributions from traditional IRAs and other qualified retirement plans, 401(k)s included, whether they need the money or not. The good news is we still have strategies to simplify RMDs and […]

New Estate Planning Strategy: How To Use Life Insurance To Pay Estate Taxes

June 2, 2020

Sometimes the traditional strategies to reduce estate taxes are not practical or appealing. It might be difficult to give away an asset in increments over the years to make tax-free gifts. Or you might want to retain control of your assets for life. There are a lot of reasons why someone might not want to […]

Here’s A Better Tax-Advantaged Investing Option

May 25, 2020

Most investors overlook an excellent way to earn higher after-tax income to finance their retirements.When “tax-advantaged income” and “retirement” are mentioned together, most people think of tax-exempt bonds or municipal bonds. Most bonds issued by state and local governments pay interest that is exempt from federal income taxes. But that shouldn’t be your only consideration […]

CARES Act Expands Charitable Giving Tax Breaks

April 28, 2020

Tax incentives for charitable giving were expanded in the CARES Act. The incentives provide additional giving opportunities for taxpayers who aren’t cash-strapped as a result of the hibernation economy and want to help those who are in financial distress.The regular rule limits the annual tax deductions for charitable gifts. Individuals can’t deduct more than 60% […]


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