THE STRUCTURAL TAX CHANGES
NO ONE IS PREPARED FOR
0
Lost Deductions
0
Taxable Income
0
Forced Withdrawals
1
LOST DEDUCTIONS
This is HUGE
Mortgage Interest
Business Write-offs
Dependent Credits
Child Tax Credits
HSA Contributions
401(k) Deductions
Earned Income Credits
Deductions Lost
0
Because you lost the deductions that used to lower your tax bill.
2
TAXABLE INCOME
STOPS
W-2 Income
Business Write-offs
STARTS
401(k) Withdrawals TAXABLE
IRA Withdrawals TAXABLE
Pension Income TAXABLE
Annuity Income TAXABLE
Social Security up to 85% TAXABLE
3
FORCED WITHDRAWALS
RMDs — Required Minimum Distributions
72
RETIREMENT
ACCOUNT
ACCOUNT
IRS
You MUST withdraw money — whether you need it or not.
This is FORCED taxable income.
Regardless of tax rates.
Retirement taxes aren't about tax rates.
They're about tax exposure.
And most people don't control their exposure.
Tax-Free Retirement Analysis
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