Middle-income households – singles and couples – pay taxes on less than 85% of Social Security benefits, while higher-income households pay taxes on 85% of benefits. In this session, learn about tax-efficient withdrawal strategies for five common household groups. The discussion also includes the less talked implications of the recent tax act on pre-retirement households.

Learning Objectives

  • Describe how the taxation of Social Security benefits and income-based increases in Medicare premiums cause sharp increases in retirees’ marginal tax rates. 
  • Identify steps middle-income and high-income households can take that may dramatically reduce their lifetime taxes and lifetime Medicare premiums.  
  • Develop strategies pre-retirement households, including households decades from retirement, should consider now to improve their retirement prospects.

Level of Complexity: Advanced

Course Information
Course Date:
November 05, 2019
FPA Annual Conference 2019: Tax-Efficient Withdrawal Strategies for Five Common Household Groups
Speaker Information
William Reichenstein, PhD, CFA  [ view bio ]
Individual topic purchase: Selected
Financial Planning Association
CFP CE: 1.00
FPA Member Price:$29.00
Non-Member Price:$49.00