How to Retire: Prioritize Tax Planning in Retirement

Christine Benz, Morningstar’s director of personal finance and retirement planning, interviews financial experts about different aspects of retirement in ‘How to Retire,’ the companion podcast to her book of the same name. In this episode, Christine talks with financial planning expert Jeff Levine about the importance of tax planning in retirement. Why Tax Planning is Key When Withdrawing from Your Retirement Portfolio Will Your Taxes Decrease in Retirement? Key Tax Strategies for Retirees Before They Have to Take RMDs Do Rules of Thumb for Retirement Spending Make Sense? How to Lower Your RMD Tax Bills How Qualified Charitable Distributions Can Help Lower Your Tax Bill Key Takeaways   Hi, I'm Christine Benz from Morningstar and welcome to the How to Retire podcast. It's a companion to my book, which is also called How to Retire. Each episode will provide a bite-sized lesson about how to do some aspect of your retirement well. Today's episode will focus on the tricky topic of tax planning during retirement. To tackle this topic, I reached out to Jeff Levine, who is Lead Financial Planning Nerd at Kitces.com, and also serves as Chief Planning Officer at Buckingham Wealth Partners. Jeff is exceptionally good at explaining complex tax matters, so I knew that he would do a great job of delving into this topic. More from Jeff Levine Bio Kitces.com Buckingham Wealth Partners Jeff Levine on The Long View: Smart Tax Moves for 2023 and Beyond   Read more from Christine Benz. How to Retire: Tips for Entering Retirement The Big Retirement Myth Can You Control Required Minimum Distributions? 8 Little-Known Facts About RMDs An Investing Road Map for Retirees   Read about topics from this episode.  4 RMD Mistakes to Avoid How Retirees Can Avoid the ‘Tax Torpedo’   Watch more from How to Retire. How to Retire: Transition from Saving to Spending How to Retire: Consider a Retirement Bucket Portfolio Strategy How to Retire: Know What ‘Enough’ Means in Retirement How to Retire: Understand the Role of Working Longer How to Retire: Stay Flexible with Your Retirement Spending   Read what our team is writing: Christine Benz   Follow Christine Benz on social media. X: https://x.com/christine_benz LinkedIn: https://www.linkedin.com/in/christine-benz-b83b523