Tax Mistakes New Retirees Make

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Nobody likes tax season, but for new retirees, it can come with some costly surprises. What worked during your working years doesn’t always translate once the paychecks stop and distributions begin. In this episode, Nathan walks through some of the most common tax mistakes new retirees make and how small decisions can create bigger consequences over time.

Here’s some of what we discuss in this episode:

📊 RMD Basics: Required withdrawals begin in your 70s

⚠️ RMD Mistakes: Ignoring them can trigger penalties

💰 Social Security Taxes: Benefits can become taxable

🏥 IRMAA Impact: Higher income can raise Medicare costs

🤝 Professional Guidance: Planning helps avoid costly mistakes

Let’s get in touch! Start the conversation here: http://thefinancialanswer.com