Taxes in Retirement

Efficiently managing your taxes involves many intricate details and strategies - and a clear understanding of any changes to the tax code. Learn new tax tips and receive reminders on key items to help you reduce your liabilities and meet your financial goals.

• How & why the marginal tax system differs in retirement years
• Will you really take money out of your IRA at a lower tax bracket
• How provisional income calculations on Social Security affects taxes
• How Capital Gains & Dividends impact overall tax liability in retirement
• How deductions, exemptions and credits on your tax return differ
• How IRA Required Minimum Distributions work & affect tax liability
• How Social Security is taxed
• How & why Medicare premiums may increase due to your income
• The tools that can be used for tax control

 About the presenter:

Patrick May, CFP, CFF, began his career in financial services in 2006. He started out in a national call center, quickly building a strong knowledge base of all things investments & financial markets. He then worked in a branch office in Dallas, TX as an investment consultant where he was able to provide a personal touch & impact the lives of clients in his community. Later he was promoted to a role in a national firm's corporate headquarters back in St. Louis. In 2018 he deepened his ability to help individuals & families by becoming a holistic planner. Pat gave clients the confidence to retire the way they wanted by helping with taxes, investments, insurance, income & estate planning. In early 2023 he joined Vantage Point to continue his work.

This class is offered in conjunction with the non-profit organization, American Financial Education Alliance (AFEA). AFEA's mission is to inform and empower Americans to take control of their finances by providing comprehensive financial education in communities nationwide.