Retirement Tax Prep Checklist: What to Consider Before You Draw a Dime
🔲 Know Your Account Types
Traditional IRA / 401(k)
Roth IRA
Taxable brokerage or bank accounts
Inherited IRAs
HSA (if applicable)
🔲 Have You Reached These Milestones?
Age 59½ – penalty-free withdrawals
Age 62 – eligible for Social Security
Age 65 – Medicare eligibility
Age 73 – Required Minimum Distributions (RMDs) begin
🔲 Key Tax Planning Questions:
Should I convert to a Roth before RMDs start?
Can I defer Social Security to maximize benefits?
Will a large withdrawal push me into a higher tax bracket or trigger IRMAA?
Am I eligible for QCDs (Qualified Charitable Distributions)?
Can I smooth income to avoid spikes in AGI?
🔲 Documents to Gather for a Retirement Tax Review:
Prior year tax return
Social Security statement
IRA / 401(k) balances
Pension estimates
Investment account statements
Health care premium summary (if retired)
🔲 Questions to consider:
What is my projected tax liability if I start withdrawals this year vs. next?
Should I take more from taxable accounts to let IRAs grow longer?
Can I use charitable giving to reduce taxable income?
📌 Want a customized retirement tax review based on your accounts and timeline?
🔘 [Schedule a Retirement Tax Strategy Session]