In this PFP Section webcast, a tax expert discusses the tax implications and planning strategies for income sources that are often new in retirement.
This session will cover:
Social Security benefits — Tax implications and strategies for optimizing Social Security income Pension income — Tax treatment of pension distributions and key planning considerations Required minimum distributions (RMDs) — Rules, tax impacts, and strategies for managing RMDs from retirement accounts Annuities — Taxation of annuity payments and strategies for managing annuity income IRA and 401(k) withdrawals — Tax implications and strategies for withdrawals from traditional and Roth accounts Part-time employment — Tax considerations for retirees who continue to work
Learning Objectives
- Analyze various types of retirement income and how they are taxed.
- Apply decisions that can be made to delay or accelerate income to maximize tax brackets in specific years.
- Distinguish how taxes get paid on different income sources and how to help clients avoid surprises at tax time.
Major Topics
- Tax implications of retirement income sources
- Planning strategies for retirement income
