RetirementRevised: Taxes in retirement: A conversation with Ed Slott on Apple Podcasts

Thursday, April 07, 2022

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Ed likes to say that taxes don’t stop in retirement – they’re really just getting started. I’d say he’s right about that insofar as higher income retirees go – you’ll be paying taxes on part of your Social Security, and probably surcharges on Medicare premiums. Those aren’t technically taxes, but they sure feel like it when you’re paying them. Drawdowns from tax-deferred IRAs and 401ks are taxed as ordinary income…and possibly at high rates.