This mid-week episode is the recording of a session done with the smart women of the WE (Women Empowered) Wealth Collective, titled: What Every Woman Should Know About Minimizing Taxes in Retirement. ‘Catching Up to FI’ co-host and author of ‘F.I.R.E for Dummies', Jackie Cummings Koski, CFP®, AFC®, continues through an easy to follow checklist of tax considerations in retirement. She demo-drives 72(t) and RMD calculators, live-shops the ACA site to score premium tax credits, and shows how Medicare surcharges work.
Topics for the series include:
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Age-band tax checklist (pre-55, 55-65, 65-75, 75+)
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Separating "macro" worry (markets, policy) from micro action (what you control)
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Early withdrawal strategies (Rule of 55/50, 72(t) / Equal Payments, HSAs, Affordable Care Act/Tax Credits, Brokerage Accounts, ect)
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Tax Minimizing tips during normal retirement (Social Security, Medicare Surcharge, Increased Standard Deduction, Balancing account types)
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Later in life considerations (RMDs, Qualified Charitable Distribution, Inheritances, ect)
This is the second part of a two-part series and part 1 aired last Wednesday. This session references visuals from a presentation that is better viewed on youtube or you can follow along using this slide deck.
Disclaimer for this session: The intent of this session is open discussion about money topics that makes us all a little smarter. The content is for general education and information purposes only, and is not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.
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WE Wealth Collective (Facebook Group)
WE Wealth Collective is a group dedicated to empowering women to take control of their finances, cultivate abundance in every aspect of life, and live boldly on their own terms.
🌐JackieCummingsKoski.com
📕F.I.R.E. For Dummies
📘Money Letters 2 My Daughter
Jackie’s EconoMe Talk
Sarah Catherine “SC” Gutierrez
Sarah Catherine “SC” Gutierrez talk at EconoMe
Official IRS Tax Code & Publications
📗But First, Save 10
Official IRS Tax Code & Publications
Healthcare.gov – ACA Enrollment & Subsidy Calculator
72tCalc.com
Dinkytown.net
⏰ ‘Catching Up to FI’ Episodes
Mind Blowing ways to Maximize Your Health Savings Account (HSA) | Jeff York | 98
Maximizing HSAs Part 2: Devising Drawdowns, Badass Scenarios, Listener Questions | Jeff York | 99
https://youtu.be/36S67X4s4pc?si=UzbaPS2qJcO3ri2W
72(t) Expert Tells All: No More Secrets About Early Withdrawals (Part 1) | Bill Stecker | 131
Cashing in on 72(t): The Goldmine of Early Retirement Rules (Part2) | Bill Stecker | 133
Social Security Made Simple | Mike Piper | 054
Life & Taxes | Sean Mullaney | 013
Attorney Spilling all the Legal Tea on Estate Planning | Jenny Rozelle | 121
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⚠️Disclaimer: Our content is for general education and information purposes only. We are not providing financial, legal, or tax advice. Always do your own research or consult a professional before making important decisions.
