Join Makenna of Journey Financial Services as she discusses the various strategies to utilize during your retirement. Learn how tax brackets, new tax laws, retirement accounts, and types of taxation can impact your retirement goals.
What You’ll Learn:
- How progressive tax brackets work and how to use tax-bracket management to “fill up” lower brackets and avoid unintentionally jumping into higher ones.
- The three main types of taxation in retirement—ordinary income, earned income, and capital gains—and why each one matters for planning withdrawals.
- How Social Security can become taxable based on income thresholds, including when 0%, 50%, or up to 85% of benefits may be taxed.
- Key tax-saving strategies for retirees, including smart withdrawal sequencing, Roth conversions, and how timing those moves can reduce lifetime taxes.
- How charitable and investment strategies like Qualified Charitable Distributions (QCDs), Donor-Advised Funds (DAFs), tax-loss harvesting, and asset location can help lower taxes over time.
