Episode 227 of our Retire With Style podcast is out now! This week on Retire With Style, we continue our discussion on retirement taxes by focusing on a set of issues that don’t get nearly enough attention, the hidden “tax cliffs” that can dramatically impact your income. In this episode, Alex and I walk through how something as small as an extra dollar of income can trigger the loss of valuable benefits, increase your Medicare premiums, or push you into a much higher effective tax rate than you might expect.
We cover several key pitfalls, including the Affordable Care Act subsidy cliff before age 65, IRMA surcharges on Medicare, and how required minimum distributions can create a cascade of tax consequences later in retirement. These aren’t always obvious when you’re just looking at tax brackets, but they can have a meaningful impact on how much you actually get to spend.
If you’re thinking about how to better manage your retirement income, this episode should give you a clearer framework for what to watch out for and how to plan more effectively. Listen now to learn more!
The Retire With Style Podcast Has a New Home!
We’re excited to share that all podcast episodes- past and present- are now available on our new site: RetireWithStyle.com. It’s your one-stop shop for catching up on episodes, watching video versions, and even submitting your own retirement questions for future shows.
You can also watch and subscribe to new video episodes on our YouTube channel, with fresh content every Wednesday.
Prefer to listen on your favorite podcast app? We’ve got you covered. You can still find Retire With Style on Apple Podcasts, Spotify, Podbean, Amazon Music, Audible, iHeart, TuneIn, and now YouTube Music.
Take a look around the new site and let us know what you think. Feel free to share with friends, and to reply here with any comments. Thank you, Wade Pfau, PhD, CFA, RICP Founder of Retirement Researcher
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