Tax Mistakes New Retirees Can’t Afford to Make

Tax Mistakes New Retirees Can’t Afford to Make

From Phil's Tax Hacks by Phil Putney

March 5, 2026 · 16 min · Episode 317

About this episode

Phil discusses common tax mistakes that new retirees make and how to avoid them.

Book an appointment with Phil to get your customized planning process started ➟ https://www.afswealthmgt.com/schedule-appointment Nobody likes tax season, but for new retirees, the rules can feel completely different. Income changes, required withdrawals begin, and decisions that once lowered taxes can create bigger bills later. Phil unpacks some of the most common retirement tax mistakes and how they show up in real life. A little forward planning can make a dramatic difference over the long run. Here’s some of what we discuss in this episode: 💡 Future Tax Shock – RMDs can spike taxes 📆 RMD Rule Changes – Ages 73–75 and penalties 🔄 Roth Strategy – Coordinated long-term conversion planning 🧮 Social Security Taxes – Income mix affects taxation 👪 Spouse & Heirs – Widow’s penalty and inherited IRAs Read The 5 Biggest Tax Mistakes New Retirees Make in the First 5 Years https://www.kiplinger.com/taxes/tax-planning/biggest-tax-mistakes-new-retirees-make-in-first-years For more, visit us online: http://philstaxhacks.com Watch the video podcast on YouTube: https://bit.ly/3WdDG96 Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.com/welcome

People in this episode

Host: Phil Putney

Topics covered

  • retirement tax mistakes
  • required minimum distributions
  • Roth strategy
  • Social Security taxes
  • spousal penalties

Keywords

  • tax mistakes
  • retirement planning
  • RMDs
  • taxation
  • Social Security

Mentioned in this episode

Organizations: AFS Wealth Management, Kiplinger

Products: The Tax-Smart Retiree

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