-
Tony Martinez posted an update in the group
a week agoProtection Plus Are you enjoying the retired life yet? Here’s how to make the most of your golden years while staying tax-savvy:
Social Security Taxes: Know if your benefits are taxable based on your total income.
Required Minimum Distributions (RMDs): If you’re 73 or older, don’t forget to take your RMDs to avoid penalties.
Medical Expenses: Keep track of out-of-pocket costs—they may be deductible if they exceed a certain percentage of your income.
Reminder: Always speak with your trusted tax professional to ensure your tax strategy fits your unique retirement plan. And remember to ask about Protection Plus—it’s a great way to gain added support for your tax needs.
