Retirement Unlocked

5 Tax Gotchas That High-Net-Worth Individuals Overlook [Ep.173]

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What tax traps could derail your retirement plans? 

In this episode, Larry Heller, CFP®, CDFA®, breaks down five major tax “gotchas” that high-net-worth retirees must navigate to protect their wealth and retirement security.

From the impact of required minimum distributions to the looming expiration of the 2017 tax cuts, Larry sheds light on often-overlooked tax challenges. He also explores strategic solutions like Roth conversions and income planning to help retirees minimize surprises and maximize financial confidence.

Key episode discussions include:

  • Required Minimum Distributions (RMDs) and their tax impact [03:09]
  • Expiration of the 2017 Tax Cuts and Job Act [04:04]
  • The “Widow Penalty” and implications for single retirees [07:37]
  • Gifting strategies and estate planning considerations [10:03]
  • The consequences of leaving large IRAs to children [11:05]
  • And more!

    • Connect with Larry Heller: 

    • (631) 248-3600
    • Schedule a 20-Minute Call
    • Heller Wealth Management
    • LinkedIn: Larry Heller, CFP®, CDFA®, CPA
    • YouTube: Life Unlimited with Larry Heller, CFP®
      • ...more
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      Retirement UnlockedBy Larry Heller
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