Episode Details

Retirement taxes aren’t always as sweet as they sound—mandatory withdrawals starting at 73 can slam your income into a higher tax bracket, especially when combined with Social Security. Experts call it “the retirement myth,” warning that unplanned distributions could outpace your old salary and catch you with a nasty tax surprise. Worse, inflation has outpaced Social Security’s tax rules, making more of your benefits taxable. But there’s a window: between 59½ and 73, you can strategically withdraw now to pay taxes at lower rates and reduce future burdens. UBS recommends tactics like Roth conversions or charitable distributions to take control before the IRS dictates your withdrawals.

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