The Fed15 Podcast: Smart Tax Planning in Retirement + Beating Information Bias

Dan and Katelyn explore why proactive tax planning is critical in retirement, starting with understanding the full retirement income stack, including a FERS or CSRS pension, planned TSP or IRA withdrawals, Social Security, and part-time income. They also discuss key tax considerations such as Roth strategies, required minimum distributions, Social Security and Medicare nuances, state tax realities, and the value of working with a CPA and CFP. The episode also covers how information bias can impact retirement investing and strategies to filter through market noise.

🚀 A new episode of The Fed15 Podcast is live! 🎙️
Dan and Katelyn break down smart tax planning strategies for retirement, including how to coordinate multiple income sources, approach TSP and IRA withdrawals, navigate Roth and RMD considerations, and account for Social Security, Medicare, and state taxes. They also dive into the impact of information bias on retirement investing, explaining how constant market updates can cloud decision-making and sharing evidence-based ways to cut through the noise and stay focused on long-term retirement goals.

·        https://stwserve.com/taxes-dont-retire-how-to-manage-uncle-sam-in-retirement/

·        https://stwserve.com/beating-information-bias-a-feds-guide-to-smarter-investing/

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Katelyn explains why smart tax planning is essential in retirement. She begins by emphasizing the importance of understanding an individual’s retirement income stack, which may include a FERS or CSRS pension, planned TSP or IRA withdrawals, Social Security, and any part-time income. She then dives deeper into TSP and IRA withdrawal strategies, Roth considerations, and required minimum distributions, along with key Social Security and Medicare caveats. She also addresses state tax considerations and closes with the importance of maintaining a flexible tax strategy and working with a qualified CPA and CFP to help guide the process.

Dan discusses the importance of overcoming information bias in retirement investing. He explains how today’s investors are inundated with constant market updates, which can lead to information overload and clouded decision-making. He breaks down what information bias is, how it can show up in federal portfolios, including fund selection, and closes with evidence-based filters to help investors cut through the noise and stay focused on long-term retirement goals.

***DISCLAIMER – THIS IS NOT FINANCIAL ADVICE***
 The Fed15 podcast is presented by Serving Those Who Serve, a financial planning practice serving federal government employees and retirees all over the country.
 
This podcast is presented for information and entertainment only and is not intended to be taken as financial advice. All listeners should consult their personal advisors before taking any action. The opinions expressed therein are not the opinions of Raymond James or Serving Those Who Serve.

Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. There is no assurance any of the trends mentioned will continue or forecasts will occur. Investing involves risk and you may incur a profit or loss regardless of strategy selected.

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation. Every investor's situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Dan Sipe, and Katelyn Murray and not necessarily those of Raymond James.

Prior to making an investment decision, please consult with your financial advisor about your individual situation.