Retirement Tax Matters | Advanced Tax Planning for High-Net-Worth Retirees

Episode 31 analyzes why high-net-worth retirees should consider intentionally filling the 24% tax bracket to protect against future 32% RMD spikes and surviving spouses tax rates increasing when going from Married Filing Jointly to Individual Filing. Garrett Crawford, CFP® details the math behind the 2% decision and how to identify these opportunities before the December 31st deadline. Request a 5 step framework for annual tax planning for High-Net Worth Retirees between $2M-$8M:https://www.retirementtaxmatters.com/checklist (00:00) – Intro: Masters Weekend & CPA Nose to the Grindstone Season (02:21) – The $2M-$8M Niche: Why High Net Worth Doesn't Mean High Spending (05:10) – Understanding No Man's Land: The 22% vs. 24% Tax Brackets (06:55) – The Psychology of Saving vs. The Reality of RMDs (10:15) – The Six-Figure RMD: How Compound Interest Becomes a Tax Liability (11:55) – Navigating Medicare IRMAA Surcharges and Roth Conversions (14:15) – The Age 65 Window: Converting Without IRMAA Penalties (16:10) – Opportunity Identification: Using the Year-End Tax Planning Checklist (18:45) – Why Rule of Thumb Doesn't Replace Personalized Tax Planning Read our full disclosures here: https://www.retirementtaxmatters.com/disclosures

Show Notes

Episode 31 analyzes why high-net-worth retirees should consider intentionally filling the 24% tax bracket to protect against future 32% RMD spikes and surviving spouses tax rates increasing when going from Married Filing Jointly to Individual Filing. Garrett Crawford, CFP® details the math behind the 2% decision and how to identify these opportunities before the December 31st deadline.


Request a 5 step framework for annual tax planning for High-Net Worth Retirees between $2M-$8M:

https://www.retirementtaxmatters.com/checklist


(00:00) – Intro: Masters Weekend & CPA Nose to the Grindstone Season


(02:21) – The $2M-$8M Niche: Why High Net Worth Doesn't Mean High Spending


(05:10) – Understanding No Man's Land: The 22% vs. 24% Tax Brackets


(06:55) – The Psychology of Saving vs. The Reality of RMDs


(10:15) – The Six-Figure RMD: How Compound Interest Becomes a Tax Liability


(11:55) – Navigating Medicare IRMAA Surcharges and Roth Conversions


(14:15) – The Age 65 Window: Converting Without IRMAA Penalties


(16:10) – Opportunity Identification: Using the Year-End Tax Planning Checklist


(18:45) – Why Rule of Thumb Doesn't Replace Personalized Tax Planning


Read our full disclosures here: https://www.retirementtaxmatters.com/disclosures

What is Retirement Tax Matters | Advanced Tax Planning for High-Net-Worth Retirees?

An educational podcast from financial advisors Garrett Crawford, CFP® and Adam Reed, dedicated to helping retirees between $2M-$8M with tax-return driven financial planning. At this level of wealth an integrated strategy for your tax return, investments, and long-term goals is critical. We explore advanced topics like Roth conversions, RMDs, and charitable giving to help you ensure your family remains your biggest beneficiary.