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
01:20retirement tax.
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
01:37Inflation erodes purchasing
01:40benefits
01:41Inflation
01:42A provisioning
01:45Sock
01:46Inflation
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01:45More retirees are pulled into taxation, effectively raising taxes without any new legislation.
01:50The Wrong Asset Location Placing Investments in the Wrong Asset Location
01:55Accounts Creates Unnecessary Taxes. Poor Asset Location Increases
02:00Annual Tax Track, Reducing Long-Term Returns and Shrinking Retirement Savings
02:05Over Time Spending Taxable Cash First Using Taxable
02:10Savings Before Retirement Accounts Can Inflate Future RMDs.
02:15Early withdrawals May Smooth Lifetime Taxes and Reduce Higher Tax Bills Later in Retirement.
02:20The Legacy Landmine. Inherited Traditional IRAs Must Often
02:25Be Emptied Within 10 Years Forcing Heirs Into Higher Taxes.
02:29Roth Conversion
02:30Roth Conversion Can Preserve Wealth By Passing Tax-Free Assets To Beneficiaries.
02:35Roth Conversion Manus
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