Why Retirees Are Still Getting Hit With Tax Bills
About this episode
Ken and Nick Tumolo discuss the unexpected tax implications retirees face and the importance of tax planning in retirement.
Many retirees are surprised to find themselves writing checks to the IRS—even when their income hasn’t changed much. In this episode, Ken and Nick Tumolo explain why taxes can behave differently in retirement and how poor withholding, Social Security taxation, and distribution timing often play a role. They walk through real‑world planning scenarios, including spreading withdrawals across tax years, managing brackets, and avoiding unexpected Medicare impacts. The discussion highlights why tax planning doesn’t stop when work ends and how coordinating withdrawals can reduce unpleasant surprises. It’s a practical look at why retirement income planning and tax awareness need to work together. To schedule a Tumolo Financial Retirement Checkup visit TumoloFinancial.com Ken Tumolo and his son Nick Tumolo join you on Tumolo Financial Radio to offer solutions and strategies for your retirement planning needs. With decades of financial planning experience, Ken and Nick offer tax recommendations, estate planning advice, Social Security maximization, wealth management, retirement income planning and much more. See omnystudio.com/listener for privacy…
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