Taxes don’t stop when you retire; they just get sneakier. From Social Security surprises to Medicare premium surcharges, retirees face more hidden taxes than they might expect.

In this episode, Nick Russell and Becky Wagoner reveal how to spot and manage the “Big Four Hidden Taxes” that can quietly drain your retirement income. They break down these taxes, how they interact, and what proactive planning can do to minimize their bite.

Nick and Becky also uncover how to recognize, anticipate, and plan for the hidden tax traps that impact retirees’ income, investments, and healthcare costs.

Key Takeaways:

• The difference between “obvious” and “hidden” taxes in retirement
• How Social Security benefits become taxable and how thresholds apply
• What happens if you forget to take Required Minimum Distributions (RMDs)
• Understanding the “Tax Torpedo” and its ripple effect on income and Medicare
• What IRMAA is and how it can inflate your Medicare premiums, plus how to appeal
• And more!

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