00:0010 Retirement Tax Bombs Waiting For You
00:02The Widow's Penalty
00:05After a spouse dies, income often falls while tax rates rise.
00:10Filing single cuts the standard deduction, pushing surviving spouses into higher
00:15brackets despite lower household income.
00:20Up to 85% of Social Security benefits can be taxed.
00:25Once provisional income crosses, set thresholds, catching many middle
00:30income retirees off guard and increasing their annual tax bills.
00:35The RMD Rude Awakening
00:37Required minimum distributions start at
00:40age 73, forcing withdrawals from tax-deferred accounts.
00:45These mandatory payouts can push retirees into higher tax brackets even if they don't
00:50need the money.
00:51The State Tax Trap
00:53Moving For Retirement
00:55Can Expose You To Unexpected State Taxes
00:58Some states still tax social
01:00security or pensions, creating surprise costs if local tax rules aren't researched carefully.
01:05The Medicare Surcharge
01:08Higher income can trigger income
01:10related monthly adjustment amount surcharges, sharply increasing Medicare premiums.
01:15Even small income increases may cause year-long premium hikes that function like a hidden retirement
01:20tax.
01:21The Tax Torpedo
01:23Small withdrawals can trigger
01:25more social security to become taxable, creating an unusually high marginal tax rate.
01:30Poor income timing can significantly magnify taxes owed in retirement.
01:35The Inflation Tax
01:36The Inflation Tax
01:37Inflation erodes purchasing payments
01:40low e-pay, while the Social
01:41security tax thresholds aren't asоже
01:44isg.
01:45More retirees are pulled into taxation,
01:47Effectively raising taxes without any new legislation.
01:50The Wrong Asset Location
01:52Placing investments in the wrong
01:55accounts creates unnecessary taxes.
01:58Poor asset location increases
02:00annual tax track,
02:01reducing long-term returns
02:03and shrinking retirement savings
02:05over time.
02:06Spending taxable cash first
02:08Using taxable cash
02:10Before retirement accounts
02:11can inflate future RMDs
02:13Strategic earnings
02:15Early withdrawals may smooth lifetime taxes
02:17and reduce higher tax bills later in retirement.
02:20The legacy landmine
02:21Inherited traditional IRAs must often be
02:25emptied within 10 years
02:26forcing heirs into higher taxes.
02:29Roth conversion
02:30can preserve wealth
02:31by passing tax-free assets to beneficiaries.
02:35For more information, visit www.fema.gov
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