A Concise Guide to Taxes in Retirement

by Bruce Larsen, Zachary M Trimble (Editor)

As you approach retirement, you should have a good idea of your tax situation.Typically, most people have been in their current profession for a period of time and the taxes paid are fairly consistent. However,once we retire and income comes from savings,investments,Social Security and pensions, the rules change. Fortunately, if you know ahead of time what your retirement tax situation will be, there are several possible changes you can make to keep taxes in check. This book is not written for the super wealthy. It is written for people hoping to achieve retirement after-tax cash flow of between $50,000 and $160,000. Because taxes don’t retire when you do, being tax-aware when planning your retirement is critical.

Genres: Finance

224 pages, Paperback

Published September 22, 2016

Reviews

[Michael · Rating 3 out of 5]

I actually read the 2017 edition even though this was the only book Goodreads had when I searched for this book. In this book, Bruce Larsen takes a deep dive into tax related issues retirees may run into during retirement. Once you retire and your income comes from savings, social security, pension, and investments the rules change and this book helps you understand those changes to keep taxes in check. Bruce Larsen uses many examples to bring complicated tax concept down to layman terms. He helps you understand that you don't have to be intimated by these taxes. Sometimes I had to reread certain sections because it could be confusing at times but overall the least I can is that if I talk with a financial advisor I will have some knowledge of these important issues. It definitely is a must read for anyone that wants a strategy and plan for taxes in retirement.

[John Fredrickson · Rating 4 out of 5]

I read the updated 2018 edition, which does not appear in the list of books for Bruce Larsen.

This book is very difficult to understand, but this is due to the subject matter - the book itself is written in very clear language. It is a comprehensive look at the financial decisions that face a retiree. There are example scenarios on virtually every page to make the point under discussion more clear.

[Hans Scheil · Rating 5 out of 5]

Excellent Summary of Tax in Retirement

This book covers it all. Roth IRAs, NUA, Capital Gains, Social Security Taxes (even by state), annuities, life Insurance....... Hans Scheil, CFP, author of The Complete Cardinal Guide

[Eric Eugenio · Rating 5 out of 5]

A Great Guide for Retired People Tax Decisions

This Book has many great ideas to save with tax choices. I recommend it highly. It really helps you focus decisions.