Andy talks about the basics of what to know regarding taxes and tax planning in retirement. Topics discussed include: 

• What sources of income are taxable vs non-taxable
• Required Minimum Distributions ("RMDs") from both your own accounts and inherited accounts
• How to pay taxes in retirement: withholdings vs making estimated payments
• Gifting tax-efficiently
• Making charitable donations tax-efficiently
• Overview of common long-term tax planning strategies:
  • Delaying Social Security and distributing from pre-tax accounts in the interim
  • Roth conversions
  • Tax loss and tax gain harvesting
  • Asset "location" of which investments to hold in which account types

To send Andy questions to be addressed on future Q&A episodes, email [email protected]

Links in this episode:

• The Rock Retirement Club - here

• My company newsletter - Retirement Planning Insights
• Facebook group - Retirement Planning Education (formerly Taxes in Retirement)
• YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)
• Retirement Planning Education website - www.RetirementPlanningEducation.com