Episode 214: 5 Important Tax Questions for Retirees

It’s tax time! If you haven’t gotten your taxes done yet, time is running out. This is a very busy time for David and his team as they help clients sort through their taxes for this year and strategies for the future.

When you are retired, your taxes might look different than they did when you were in your working years. No one wants to pay more in taxes than they absolutely have to. In this episode, David outlines five big questions many retirees face when it comes to taxes. Stay tuned for some helpful insight from David, so that you can make informed decisions with your taxes in retirement. 

 

Here are the questions we’ll discuss on today’s show:

• What are the tax implications of withdrawing money from my retirement accounts? (3:00)
• Will my Social Security be taxed? (5:27)
• How would my taxes change if I decide to move to another state? (7:38)
• Are there any tax benefits for making charitable contributions in retirement? (10:59)
• What are the tax considerations for gifting money to children or grandchildren? (14:06)

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.