Are you actually prepared for how upcoming tax law changes could impact your retirement? I analyze insights featured on the Nerd’s Eye View blog, focusing on key tax strategies for retirees. With the potential 2025 sunset of the Tax Cuts and Jobs Act approaching, potential changes in marginal tax rates, personal exemptions, and deductions could significantly affect tax planning, especially for higher-income earners.

Flexibility is super important when preparing for uncertain legislative changes. Roth conversions and gains harvesting are explored as ways to mitigate the potential impact of rising tax rates. By taking action now, retirees can strategically time income recognition and navigate these upcoming shifts in tax policy.

We’re going to keep this conversation centered around forward-thinking tax planning based on Nerd’s Eye View insights, helping retirees and financial advisors remain adaptable and ready for the changes that may come. Understanding these strategies can help you out big time, and lead to smarter decisions as the future tax landscape unfolds.

Outline of This Episode

• [0:08] Discover October’s tax focus and new tool
• [1:06] Estimating Your Retirement Tax 
• [2:30] What happens when tax cuts sunset?
• [6:10] How to adapt to future tax changes effectively 
• [7:00] Roth conversions for tax efficiency
• [13:50] Listener question on retirement spending
• [18:00] Social Security as a contingency plan

Resources & People Mentioned

• The Retirement Podcast Network
• Retirement Starts Today Tax Tool
• The Nerd’s Eye View Blog article

Connect with Nerd’s Eye View

• Nerd’s Eye View

Connect with Benjamin Brandt

• Become a Client: www.retirementstartstoday.com/start
• Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com/
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• Join the newsletter: https://retirementstartstodayradio.com/newsletter
• Dive deeper into retirement planning with Ben at www.RetirementIncome.University

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