Why Taxes Often Go Up in Retirement, and What Planning Ahead Can Change (Ep. 194)

Many people enter retirement expecting their taxes to decline, but for many retirees, the opposite happens.

In this episode, Larry explains why retirement income often becomes more taxable over time and how a lack of coordination can quietly increase stress, healthcare costs, and long-term tax exposure.

In this episode, Larry Heller, CFP®, CDFA®, discusses:

• Why retirement is often not a low-tax phase of life
• How required minimum distributions, Social Security, and taxable accounts interact
• Common tax mistakes retirees make when planning starts too late
• Why tax planning should be ongoing, not a once-a-year conversation
• How income decisions can affect Medicare premiums and overall cash flow
• Ways proactive planning may help retirees reduce surprises and stay in control
• And more!

Connect with Larry Heller:

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• Heller Wealth Management
• LinkedIn: Larry Heller, CFP®, CDFA®, CPA
• YouTube: Retirement Unlocked with Larry Heller, CFP®