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🔥 Don't Let Your 401(k) Turn into a Tax Time Bomb!
In this episode of the 9Innings Podcast, I break down the hidden tax traps inside your 401(k). Most people think pre-tax contributions are an automatic win—but the tax bill eventually comes due. We walk through how RMDs, rollover mistakes, and poor documentation can trigger unexpected taxes, higher Medicare premiums, and even push more of your Social Security into the taxable column.
I also share real-life examples of how a simple error—like a tax professional misreporting Form 8606 basis—can cost retirees thousands. This episode is all about avoiding land mines: understanding IRS rules, tracking your paperwork, and being proactive so you can keep more of what you’ve earned.
(00:00:00) Introduction & Why 401(k)s Create Hidden Tax Traps
(00:00:58) Pre-Tax Contributions & The Future Tax Bill
(00:03:46) RMD Shock: How Distributions Raise Taxes & Medicare Premiums
(00:06:16) The Rollover Minefield: After-Tax vs. Pre-Tax vs. Roth
(00:07:38) Real Case Study: The Form 8606 Basis Error
(00:12:39) The Widow’s Penalty & Timing Risks in Retirement
(00:14:54) How to Avoid 401(k) Tax Traps
NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page
Follow Us: youtube: / @9icap
Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428
facebook: / mlb2cfp
Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4
Website: http://www.9icapitalgroup.com
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Corrections: Editing by http://SwoleNerdProductions.com
Disclosure: https://sites.google.com/view/9idisclosure/disclosure
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By Kevin Thompson, RICP®, CFP®In this episode of the 9Innings Podcast, I break down the hidden tax traps inside your 401(k). Most people think pre-tax contributions are an automatic win—but the tax bill eventually comes due. We walk through how RMDs, rollover mistakes, and poor documentation can trigger unexpected taxes, higher Medicare premiums, and even push more of your Social Security into the taxable column.
I also share real-life examples of how a simple error—like a tax professional misreporting Form 8606 basis—can cost retirees thousands. This episode is all about avoiding land mines: understanding IRS rules, tracking your paperwork, and being proactive so you can keep more of what you’ve earned.
(00:00:00) Introduction & Why 401(k)s Create Hidden Tax Traps
(00:00:58) Pre-Tax Contributions & The Future Tax Bill
(00:03:46) RMD Shock: How Distributions Raise Taxes & Medicare Premiums
(00:06:16) The Rollover Minefield: After-Tax vs. Pre-Tax vs. Roth
(00:07:38) Real Case Study: The Form 8606 Basis Error
(00:12:39) The Widow’s Penalty & Timing Risks in Retirement
(00:14:54) How to Avoid 401(k) Tax Traps
NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page
Follow Us: youtube: / @9icap
Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428
facebook: / mlb2cfp
Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4
Website: http://www.9icapitalgroup.com
Hit the subscribe button to get new content notifications.
Corrections: Editing by http://SwoleNerdProductions.com
Disclosure: https://sites.google.com/view/9idisclosure/disclosure