Ep 172: Top 10 Tax Questions for Retirees in 2023
Phil's Tax Hacks
English - March 02, 2023 10:02 - 17 minutes - 24.3 MB - ★★★★★ - 4 ratingsInvesting Business News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Ep 171: 5 Beneficiary Mistakes - Are You Accidentally Spoiling Your Retirement Plan?
Next Episode: Ep 173: The Incomplete Financial Plan
On today’s episode, we’ll break down the top ten tax questions retirees are asking in 2023. Before you file your 2022 taxes and plan ahead for the rest of the year, make sure to listen to this episode as we’ll discuss some important tax questions that retirees should ask themselves to ensure they're making the most of their retirement savings and minimizing their tax burden.
Here are some of the tax questions we’ll address in this episode:
What are the tax implications of withdrawing money from your retirement accounts? (1:01)
How is pension income taxed? (4:23)
How will your taxes change if you decide to move states in retirement? (6:55)
What are the tax considerations for gifting money to children or grandchildren? (11:00)
Knowing how your income will impact Medicare premiums. (13:56)
For more, visit us online: http://philstaxhacks.com
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