Apr 6, 2023

Today we are following up on last week’s episode to talk a little more about taxes. Filing your taxes can feel overwhelming, and when you’re near or in retirement, there are some additional factors to consider. In today’s episode, we will answer some questions we received about filing taxes in retirement and provide you with more helpful tips to maximize your earnings.

We’ll cover a range of topics such as Roth conversion strategies, ways to save money on taxes when working a job on the side, and changing tax brackets. We’ll also take a moment to reflect on happy moments in life and talk about enjoying retirement throughout the financial planning process. Stay tuned for some helpful insight and real-life examples on how to best navigate taxes in retirement. 

Here’s some of what you’ll learn in this episode:

• Reflecting on happy moments in life and enjoying our time in retirement. (1:53)
• Is it a bad idea to do a Roth conversion if I have a high income? (3:38)
• Some ways to save money on taxes when earning extra income with a side job. (9:14)
• Should I be making estimated payments on taxes every quarter if I change tax brackets? (11:39)
• Helping family members navigate finances after the loss of a spouse. (17:51)