How to Pay Taxes in Retirement: What You Need to Know (Ep. 48) 6v69k

What happens when you retire and no longer receive a paycheck? How do you pay your taxes in retirement?  This week on The Simply Retirement Podcast, I dive into this common concern among retirees. With the tax season freshly behind us, now’s a great time to address how you’ll handle taxes in your golden years. Key topics: Navigating IRS expectations for tax payments without a regular paycheck Options for tax withholding from Social Security, pensions, and IRAs Understanding marginal versus average tax rates in retirement The advantages of estimated quarterly tax payments  The rule of mandatory 20% tax withholding from company retirement plans The importance of consulting a knowledgeable financial advisor or tax professional  And more! Resources: Get Your FREE Simply Retirement Roap  Connect with Eric Blake:  www.TheSimplyRetirementPodcast.com  the Simply Retirement Newsletter Ask a Question or Suggest a Topic for the Podcast Blake Wealth Management YouTube 1g3x1k