How to Reduce Taxes in Retirement
Many retirees assume taxes in retirement are simply something they have to accept. In reality, there are strategies that may help reduce taxes on Social Security benefits, retirement account withdrawals, and other sources of retirement income, if you understand the rules and plan ahead.
As the saying goes, there are often two experiences with the tax code: one for those who understand their options, and one for those who don't. While some taxes are unavoidable, many retirement tax decisions are shaped by the choices you make today.
Live at the workshop: What happens to $1 million with no tax plan?
We'll take one million dollars in retirement savings and do the math in front of you. We'll look at what the IRS takes, what changes when Required Minimum Distributions begin, what happens to a surviving spouse, and what your children may owe when they inherit. Many attendees find this the most eye-opening part of the evening.
During this workshop, we'll discuss:
- How to potentially make your Social Security benefits more tax-efficient
- How Required Minimum Distributions (RMDs) can impact your taxes, and steps that may help reduce that burden
- The "widow's penalty": why a surviving spouse can pay more tax on less income
- How inherited retirement accounts are taxed under the 10-year rule, and what that may mean for your heirs
- Strategies designed to protect retirement income and assets through changing market conditions
- Tax-efficient strategies for creating income throughout retirement
Featured Discussion: Roth Conversion Opportunities
Current tax rates remain relatively favorable by historical standards. For some retirees, a Roth conversion may provide an opportunity to move assets from a potentially taxable environment into one that offers tax-free growth and tax-free qualified distributions.
We'll discuss:
- The potential benefits of tax-free growth
- How Roth IRAs can help reduce future RMD concerns
- Factors that determine whether a conversion makes sense
- Planning considerations for leaving assets to beneficiaries
Register here: Registration | Don Wilson
| Date | Tuesday, November 17, 2026 |
|---|---|
| Time | 6:00pm - 7:00pm |
| Location | Main |
| Age Group | Adults |
| Category | Business and Finance |