Hidden taxes in retirement can quietly dismantle even the best savings strategy. Mark Cordner breaks down how “phantom income” from 401(k) withdrawals can trigger higher tax brackets, Medicare surcharges, and additional Social Security taxes if spending isn’t carefully managed. He highlights the importance of pacing withdrawals, balancing lifestyle choices, and using financial guidance as a sounding board. The conversation also explores rising national debt, potential tax increases, Roth conversion strategies, and growing concerns around Social Security’s future, emphasizing the need for proactive, individualized retirement planning.

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