Planning Your Taxes in Retirement: What You Need to Know

Transitioning from your working years to retirement brings significant changes to your tax situation. From the end of payroll taxes to shifts in income sources like Social Security, pensions, and IRA distributions, navigating these changes can feel overwhelming.

In this episode, we break down key considerations, including FICA tax savings, state tax variations, and strategies like Qualified Charitable Distributions. Learn how to maximize your retirement income and avoid surprises in your tax plan.

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.