Retirement Tax Traps Nobody Warned Me About

Here’s a money lifehack for your next coffee break: retiring doesn’t mean your tax headaches are over. Many folks are shocked to find out their Social Security and IRA withdrawals can bump them into higher tax brackets, and surprise Medicare surcharges can eat into your monthly budget. The big shift? Retirement income is taxed in sneaky ways, so a little planning now can save you hundreds each year. Don’t let Uncle Sam take more than his share! #Business #MakeMoney #RetirementTips

26 days ago

clyde Gillis

Stop this ignorance. Educate yourself. Americans love to blame others or situations for their own BAs personal decisions.

25d

Holly Springs, NC

Bebe Dar

It's like they say, "If you know you know" It's obvious from your comment that you knew.

21d

Philadelphia, PA

Jack Moore

It’s called the Irma tax. It was put in buy the government and not told to the public in the 2006 medical reform bill. It was clearly unlawful activity.

Columbus, GA

Julie

Talk to a tax professional the year before you retire. We can run what if scenarios based off what you will receive from ss and retirement accounts. That way you know roughly what your tax liability will be and can have it withheld through the year, or save up for it. Many tax professionals will do it for free for lower income individuals.

Carrabelle, FL

Rosalind Johnson-Pezze

This is true. It helps to have an advisor.

11d

Iron River, WI

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