Taxes don’t stop when your paycheck does, and what you think you know about taxes in retirement could cost you. In this episode of Retiring Today, we break down five common assumptions about retirement taxes and reveal whether they’re fact or fiction.
Each statement is explored in detail to help you understand how retirement income, account types, and where you live can all shape your future tax bill.
These five retirement tax beliefs are put to the test:
Fact or Fiction: My taxes will be lower in retirement.
Fact or Fiction: Social Security benefits are tax-free.
Fact or Fiction: Qualified Roth IRA withdrawals are always tax-free.
Fact or Fiction: RMDs only apply to traditional IRAs.
Fact or Fiction: Moving to a no-income tax state eliminates all taxes.
If you are preparing for retirement, this conversation will help you separate myth from reality and build a more informed plan for the future.
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Loren Merkle
CFP®, RICP®, Certified Financial Fiduciary®
https://merkleretirementplanning.com/staff-members/loren-merkle/
Haley Gutschenritter 
CFP®
https://merkleretirementplanning.com/staff-members/haley-gutschenritter/
Molly Nelson
Host of Retiring Today with Loren Merkle
https://merkleretirementplanning.com/staff-members/molly-nelson/
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This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.
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