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Episode 27: Bad Year-End Tax Planning Advice Could Harm Your Retirement

Dec 16, 2022

In this episode, Eric and Katie discuss why the closer you are to retirement the more caution is warranted when following year-end tax tips.

Here are just a handful of the things that we'll discuss:

  • Taxes could potentially be one of your greatest expenses in retirement
  • Up to 85% of your Social Security benefits could be subject to taxation
  • The higher your retirement income, the more you might be required to pay for your Medicare Part B and Part D premiums
  • Converting to a Roth IRA at the wrong age or in the wrong amounts could increase your Medicare premiums as well as the taxation of your Social Security benefits

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