5 Top Tax Questions For Retirees In 2023

Retirement can come with a lot of tax questions and concerns. From understanding the tax implications of withdrawing from your retirement accounts to minimizing taxes on investment income, it can be overwhelming.

On today’s episode, we’ll break down the top ten tax questions retirees are asking in 2023. Before you file your 2022 taxes and plan ahead for the rest of the year, make sure to listen to this episode as we’ll discuss some important tax questions that retirees should ask themselves to ensure they're making the most of their retirement savings and minimizing their tax burden.

 

Here’s some of what you’ll learn in this episode:

• What are the tax implications of withdrawing money from my retirement accounts? (1:47)
• Will my Social Security benefits be taxed? (3:17)
• Does the taxation of my pension income differ from other forms of income? (6:38)
• How will my taxes change if I decide to move to another state in retirement? (9:12)
• What are the tax considerations for gifting money to my children or grandchildren during retirement? (11:46)

 

Connect with us: 

Web: https://rosewoodwealthmanagement.com/

Phone: 919-391-3446