Episodes

Join hosts John Bever and Jim Uren in episode 17 of The Year You Retire podcast as they tackle the crucial question: "Do I have to pay taxes on my Social Security income?" This episode dives deep into the intricacies of how the IRS handles Social Security in retirement, offering valuable insights on how to minimize or even eliminate these taxes. The duo also sheds light on the infamous "Social Security tax torpedo," explaining how it can significantly impact your tax bill and what you can do to ...

Are you feeling lost with the new required minimum distribution (RMD) rules for IRAs and qualified retirement plans? Do you know when you have to start taking your RMDs and how much you need to withdrawal? Do you want to discover strategies to reduce your taxes on these distributions? Tune in to this episode for clear explanations and actionable advice! We'll cover the essentials of RMD regulations, how to navigate your lifetime income tax brackets, the impact of the Social Security tax torpedo,...

If you're feeling overwhelmed by the uncertainty of retirement expenses and struggling to find an accurate estimation, then you are not alone! Many individuals nearing retirement are taking generic approaches, relying on rough estimates or outdated advice, which often leads to financial unpreparedness and anxiety about the future. Instead of achieving the desired result of a clear understanding of retirement expenses, they find themselves stuck in a cycle of guesswork and worry. But fear not, th...