On this episode of the Retire Once Show, Johnathan and Melissa discuss important tax tips that you need to know before you file your taxes. This episode also covers how different income sources are taxed as well as tax tips for retirees. We cover everything from the fastest way to get your refund to how your Social Security Benefits are taxed.

Chapters:

0:00 – Intro

1:08 – Tax Tips for 2023

3:18 – Taxes by Income Source

3:35 – Taxes on Traditional IRA and 401(k) Withdrawals

5:28 – Taxes on Roth IRA and Roth 401(k) Withdrawals

6:47 – Taxes on Pension Income

7:08 – Taxes on Social Security Benefits

8:08 – Taxes on Life Insurance Proceeds

9:38 – Taxes on Investments

11:17 – Taxes on Dividends

12:06 – Taxes on Interest Accounts

13:09 – Taxes on Home Sales

13:57 – Tax Tips for Retirees

If you have questions or comments for the show email us  Retire@theoremwm.com or head to www.Retireonceshow.com

- Johnathan Rankin CRPC® CEPA®, Founder & CEO

-  Melissa Rankin - Wealth Management Advisor

- Theorem Wealth Management

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Disclaimer: Johnathan Rankin is a Registered Representative of Sanctuary Securities Inc. and an Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., an SEC Registered Investment Advisor. Theorem Wealth Management is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.