Retirement Tax Planning
Managing the tax impact of every dollar you withdraw.
How and when you withdraw from different accounts can have a real impact on your tax bill in retirement. This track covers the tax basics every retiree should understand, from the taxation of Social Security to required minimum distributions.
This material is educational and is not tax advice; please consult a qualified tax professional about your situation. Tim can help you see the income picture alongside your tax advisor.
What you'll learn
- Understand how taxable, tax-deferred, and tax-free accounts are treated
- Learn why withdrawal sequencing can change your lifetime tax bill
- Know when required minimum distributions begin and how they're taxed
- See how taxes interact with Social Security and other income
Video lessons
Short video lessons for this track are in production. In the meantime, the guides above cover the same material in depth, and you can explore all resources.
Frequently asked questions
When do required minimum distributions start?
Under current rules, RMDs from tax-deferred accounts generally begin at age 73, depending on your birth year. The track explains how they're calculated and taxed.
What is withdrawal sequencing?
It's the order you draw from taxable, tax-deferred, and tax-free accounts. A thoughtful order can help manage your lifetime tax bill — but the right order varies by situation.
Does Florida tax retirement income?
Florida has no state income tax, so Social Security, pension, IRA, and annuity income are not taxed at the state level. Federal taxes may still apply.
Ready to Apply This to Your Plan?
Schedule your complimentary, no-pressure Retirement Income Review with Tim. Call (727) 692-5866 or book below.