How To Actually Pay $0 in Taxes in Retirement
Wed Jan 29 2025
If you’re working toward retirement—or maybe you’re already there—you might be wondering: how do people not only get into the lowest tax bracket in retirement but actually pay $0 in taxes? The good news is, you don’t need some elaborate tax strategy, exotic investments, or anything overly complicated to make it happen.
I’ve worked with thousands of retirees, and I’m going to show you how this might be more achievable than you think. Plus, I’ll walk you through a case study at the end to break it all down. Trust me, you don’t want to miss it!
Key Topics:
How Do People Pay $0 in Taxes in Retirement (00:00)
How Social Security is Taxed (01:43)
How to Determine How Much Provisional Income You Have (02:35)
Increased Standard Deduction Once You Turn 65 (05:17)
Taking Advantage of 0% Longterm Capital Gains (05:59)
Case Study (07:03)
Wrap Up: Chasing a Low Tax Situation Now vs Making the Longterm Sacrifice (13:58)
This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice.
Subscribe to our weekly planning insights newsletter: https://mdrnwealth.com/blog/
If you need specific advice, you can contact us at Advice@mdrnwealth.com or at: https://www.mdrnwealth.com
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If you’re working toward retirement—or maybe you’re already there—you might be wondering: how do people not only get into the lowest tax bracket in retirement but actually pay $0 in taxes? The good news is, you don’t need some elaborate tax strategy, exotic investments, or anything overly complicated to make it happen. I’ve worked with thousands of retirees, and I’m going to show you how this might be more achievable than you think. Plus, I’ll walk you through a case study at the end to break it all down. Trust me, you don’t want to miss it! Key Topics: How Do People Pay $0 in Taxes in Retirement (00:00) How Social Security is Taxed (01:43) How to Determine How Much Provisional Income You Have (02:35) Increased Standard Deduction Once You Turn 65 (05:17) Taking Advantage of 0% Longterm Capital Gains (05:59) Case Study (07:03) Wrap Up: Chasing a Low Tax Situation Now vs Making the Longterm Sacrifice (13:58) This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice. Subscribe to our weekly planning insights newsletter: https://mdrnwealth.com/blog/ If you need specific advice, you can contact us at Advice@mdrnwealth.com or at: https://www.mdrnwealth.com