Breakout Session

Tax-Efficient Withdrawal Strategies for Five Common Household Groups

Level of Complexity: Advanced

Speaker(s)

• 

  William Reichenstein, PhD, CFA

  Head of Research
  Social Security Solutions, Inc. and Reitree, Inc.

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.