Hi Jan,
Episode 216 of our Retire With Style podcast is out now!
In this week’s episode of Retire With Style, Alex and I take a closer look at how retirement income is actually taxed and why many retirees misunderstand what really drives their tax bill.
A key theme from our discussion is this: your expenses do not determine your tax bill. Your income structure does.
We talk through how Roth conversions can help manage the long term impact of required minimum distributions, why targeting a 12 percent effective marginal rate can be a practical benchmark, and how long term capital gains may be harvested at zero percent under the right conditions. We also clarify a common misconception about Medicare IRMAA surcharges and Roth conversions.
Along the way, we explore why effective marginal rates are more nuanced than simply looking at your tax bracket, why Roth conversions do not have a defined break even age, and how tools like QLACs can help defer RMDs. Monitoring income year by year is essential. Tax planning in retirement is not a one time decision. It is an ongoing process.
If you want a clearer framework for thinking about retirement taxes and avoiding costly assumptions, I think you will find this episode helpful. Listen now to learn more!
| | | | The Retire With Style Podcast Has a New Home! | | | | We’re excited to share that all podcast episodes- past and present- are now available on our new site: RetireWithStyle.com. It’s your one-stop shop for catching up on episodes, watching video versions, and even submitting your own retirement questions for future shows.
You can also watch and subscribe to new video episodes on our YouTube channel, with fresh content every Wednesday.
Prefer to listen on your favorite podcast app? We’ve got you covered. You can still find Retire With Style on Apple Podcasts, Spotify, Podbean, Amazon Music, Audible, iHeart, TuneIn, and now YouTube Music.
| | | | Take a look around the new site and let us know what you think. Feel free to share with friends, and to reply here with any comments.
Thank you,
Wade Pfau, PhD, CFA, RICP
Founder of Retirement Researcher
P.S. Not interested in hearing about the podcast? Click here to opt out of podcast-related content.
| | | | |
