Avoiding Tax Mistakes in
​Retirement

Retirement, taxes, and estate planning are complex and evolve through various stages.

Learn how to reduce taxes and avoid hidden penalties in a confusing retirement system. 
This book simplifies these topics, making it simple for you and your loved ones.    

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Four Stages of Retirement

Find out everything you need to know about retirement.

Pre-Retirement

Age: 30-60
Description: Work & save years
Key Actions:
  • Know your after-tax savings before retiring
  • Fund Roth accounts

Early Retirement

Age: 60-72
Description: Go-go years
Key Actions:
  • Understand Social Security and Medicare "taxation"
  • Fill tax brackets in low-income years

Middle Retirement

Age: 73-80
Description: Go-slow years
Key Action:
  • Manage your planned Required Minimum Distributions (RMDs)

Late Retirement

Age: 80+
Description: No-go years
Key Action:
  • Organize your assets for tax efficiency in estate planning

A New, Complex World: 
​Navigating the Four Stages of Retirement

Understanding Tax Phases: Accumulation vs. Distribution

In the accumulation phase (saving), your tax situation differs significantly from the distribution phase (spending). As you transition into retirement, several changes occur:
No More:
  • Child tax credits
  • Mortgage interest deductions
  • Tax-free employer-paid medical insurance
  • Contributions to 401(k) or similar plans
New Considerations:
  • Social Security
  • Required Minimum Distributions (RMDs)
  • Paying for Medicare
  • Long-term care expenses


The Importance of a Roadmap

Most people lack a comprehensive roadmap or checklist for the four stages of retirement, and many accountants and financial advisors may not fully address these complexities. Traversing these stages requires meticulous planning and effort.

Crafting a Robust Tax Strategy

Your tax exposure will change throughout retirement, necessitating a robust tax strategy that:

  • Anticipates how and when you will use assets to cover your personal expenses.

  • Understands the range of taxes you will face at different stages.

Manages your actions to ensure you pay the lowest tax rate possible.
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About The Author

With over 23 years of experience in tax planning and financial strategy, I began my career as an IRS auditor, mastering the intricacies of the tax system. My passion lies in the untamed beauty of rivers like the Payette, Snake, and Salmon. Guiding adventurers through their currents, I witnessed their rejuvenating power and dangers. I now channel that responsibility into navigating the IRS tax code, ensuring financial safety for my clients.

Seeing how many missed significant tax planning opportunities, I left the IRS to provide proactive and comprehensive tax planning advice. As a Certified Exit Planning Advisor (CEPA) and Main Street Certified Tax Advisor (MSCTA), I specialize in helping clients plan their business exits strategically. I hold many other designations, reflecting my commitment to self-improvement and love for learning, always striving to provide the best for my clients.

​Daveed Tuck. Oregon LTC 31902-C. IRS Enrolled Agent.

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