Discover how to avoid one of retirement’s biggest threats: the dreaded “tax bomb.” Phillip unpacks the hidden triggers that can derail your financial future. Learn why Required Minimum Distributions (RMDs), Social Security timing, Medicare IRMAA surcharges, “Widow Bomb” tax brackets, and delayed Roth conversions can all converge to raise your tax bill unexpectedly. Phillip also explains why a proactive strategy is vital to minimize the lifetime tax burden on your 401(k)s, IRAs, and other retirement accounts. If you’re approaching retirement (age 55–65) and want guidance on tax planning, estate planning, or portfolio management, this episode offers practical tips on defusing high taxes before they strike. You’ll walk away with insights into the best time for Roth conversions, managing withdrawals to keep your bracket in check, and strategic Social Security decisions that can save you thousands. Don’t let hidden tax traps ruin your retirement. Tune in for a clear roadmap on how to preserve more of your hard-earned savings.
Episode Chapters
- Introduction
- Roadmap for the Episode
- What Is a Tax Bomb & Why It Happens
- Retirement Tax Bomb Triggers (RMDs, Social Security, Widow Bomb, IRMAA)
- Strategies to Defuse the Bomb
- Common Mistakes to Avoid
- Action Steps
- Closing
#TaxPlanning #RetirementAdvice #RetirementPlanning #RMDs #FinancialAdvice
Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.
Phillip Smith, CRPC AIF | Financial Planner
Tidepool Wealth Strategies
450 Country Club Road, Suite 350 | Eugene, OR | 97401
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Additional Disclosures:
The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Wealth Services, LLC cannot guarantee or represent that it is accurate or complete.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.
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